TUINPROJECT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TUINPROJECT
Largest movements
- Tangible fixed assets +€56,307
up €56,307 (+130%), from €43,433 to €99,739
of which Leasing and similar rights: +€51,319
- Cash +€34,602
up €34,602 (+1,097%), from €3,154 to €37,756
mainly Debts after one year (+€32,798) and Tax, wage and social debts (+€31,246)
- Receivables within one year -€14,934
down €14,934 (-50.3%), from €29,687 to €14,753
of which Trade receivables: -€18,986
- Stocks and contracts -€6,708
down €6,708 (-14.5%), from €46,196 to €39,488
of which Stocks: -€4,385
- Deferred charges and accrued income +€3,296
up €3,296 (+226%), from €1,460 to €4,756
- Debts after one year +€32,798
up €32,798 (+144%), from €22,796 to €55,594
- Tax, wage and social debts +€31,246
up €31,246 (+185%), from €16,927 to €48,173
of which Taxes: +€36,396
- Reserves +€17,762
up €17,762 (+73.5%), from €24,180 to €41,943
- Current portion of long-term debt +€12,374
up €12,374 (+200%), from €6,196 to €18,569
- Trade debts -€7,761
down €7,761 (-66.4%), from €11,692 to €3,931
- Gross operating margin +€50,884
up €50,884 (+80.6%), from €63,157 to €114,041
- Depreciation +€17,209
up €17,209 (+178%), from €9,643 to €26,852
- Taxes +€10,842
new in 2025: €10,842
- Staff costs +€4,771
up €4,771 (+11.2%), from €42,566 to €47,337
- Financial charges +€2,151
up €2,151 (+48.1%), from €4,474 to €6,625
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,065 | €199,439 | +€75,374 | +60.8% |
| Fixed assets | 21/28 | €43,568 | €102,685 | +€59,118 | +136% |
| Tangible fixed assets | 22/27 | €43,433 | €99,739 | +€56,307 | +130% |
| Plant, machinery and equipment | 23 | €42,642 | €31,770 | -€10,872 | -25.5% |
| Furniture and vehicles | 24 | €791 | €16,650 | +€15,860 | +2,006% |
| Leasing and similar rights | 25 | - | €51,319 | +€51,319 | |
| Financial fixed assets | 28 | €135 | €2,946 | +€2,811 | +2,082% |
| Current assets | 29/58 | €80,497 | €96,754 | +€16,256 | +20.2% |
| Stocks and contracts in progress | 3 | €46,196 | €39,488 | -€6,708 | -14.5% |
| Stocks | 30/36 | €33,598 | €29,213 | -€4,385 | -13.1% |
| Contracts in progress | 37 | €12,598 | €10,275 | -€2,323 | -18.4% |
| Amounts receivable within one year | 40/41 | €29,687 | €14,753 | -€14,934 | -50.3% |
| Trade receivables | 40 | €24,076 | €5,090 | -€18,986 | -78.9% |
| Other amounts receivable | 41 | €5,611 | €9,663 | +€4,051 | +72.2% |
| Cash at bank and in hand | 54/58 | €3,154 | €37,756 | +€34,602 | +1,097% |
| Deferred charges and accrued income | 490/1 | €1,460 | €4,756 | +€3,296 | +226% |
| Total equity and liabilities | 10/49 | €124,065 | €199,439 | +€75,374 | +60.8% |
| Equity | 10/15 | €43,211 | €61,943 | +€18,732 | +43.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €24,180 | €41,943 | +€17,762 | +73.5% |
| Distributable reserves | 133 | €24,180 | €41,943 | +€17,762 | +73.5% |
| Profit (loss) carried forward | 14 | -€969 | - | +€969 | |
| Amounts payable | 17/49 | €80,854 | €137,496 | +€56,642 | +70.1% |
| Amounts payable after more than one year | 17 | €22,796 | €55,594 | +€32,798 | +144% |
| Financial debts | 170/4 | €22,796 | €55,594 | +€32,798 | +144% |
| Amounts payable within one year | 42/48 | €55,063 | €79,456 | +€24,394 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €6,196 | €18,569 | +€12,374 | +200% |
| Financial debts | 43 | €7,212 | - | -€7,212 | |
| Credit institutions | 430/8 | €7,212 | - | -€7,212 | |
| Trade debts | 44 | €11,692 | €3,931 | -€7,761 | -66.4% |
| Suppliers | 440/4 | €11,692 | €3,931 | -€7,761 | -66.4% |
| Taxes, remuneration and social security | 45 | €16,927 | €48,173 | +€31,246 | +185% |
| Taxes | 450/3 | €1,587 | €37,983 | +€36,396 | +2,293% |
| Remuneration and social security | 454/9 | €15,340 | €10,189 | -€5,150 | -33.6% |
| Other amounts payable | 47/48 | €13,036 | €8,784 | -€4,252 | -32.6% |
| Accrued charges and deferred income | 492/3 | €2,995 | €2,446 | -€550 | -18.3% |
| Non-recurring operating income | 76A | €1,200 | €3,252 | +€2,052 | +171% |
| Remuneration, social security and pensions | 62 | €42,566 | €47,337 | +€4,771 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,643 | €26,852 | +€17,209 | +178% |
| Other operating charges | 640/8 | €2,303 | €2,647 | +€344 | +15.0% |
| Non-recurring operating charges | 66A | €1,252 | €1,138 | -€114 | -9.1% |
| Gross operating margin | 9900 | €63,157 | €114,041 | +€50,884 | +80.6% |
| Operating profit (loss) | 9901 | €7,393 | €36,067 | +€28,674 | +388% |
| Financial income | 75/76B | €137 | €132 | -€5 | -3.9% |
| Recurring financial income | 75 | €137 | €132 | -€5 | -3.9% |
| Financial charges | 65/66B | €4,474 | €6,625 | +€2,151 | +48.1% |
| Recurring financial charges | 65 | €4,474 | €6,625 | +€2,151 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €3,057 | €29,574 | +€26,518 | +868% |
| Income taxes | 67/77 | - | €10,842 | +€10,842 | |
| Profit (loss) for the period | 9904 | €3,057 | €18,732 | +€15,675 | +513% |
| Profit (loss) for the period to be appropriated | 9905 | €3,057 | €18,732 | +€15,675 | +513% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.