Tulder Consult: 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.
Tulder Consult
Largest movements
- Cash +€50,154
up €50,154 (+174.5%), from €28,743 to €78,897
mainly Net result for the year (+€55,247) and Tax, wage and social debts (+€19,216)
- Tangible fixed assets +€15,668
up €15,668 (+1404.3%), from €1,116 to €16,783
of which Furniture and vehicles: +€14,502
- Receivables within one year +€10,101
up €10,101 (+33.7%), from €30,000 to €40,101
of which Trade receivables: +€10,000
- Reserves +€55,247
up €55,247 (+155.0%), from €35,645 to €90,892
- Tax, wage and social debts +€19,216
up €19,216 (+146.2%), from €13,140 to €32,356
- Gross operating margin +€29,325
up €29,325 (+65.2%), from €44,986 to €74,311
- Taxes +€7,655
up €7,655 (+85.2%), from €8,988 to €16,643
- Depreciation +€2,123
new in 2025: €2,123
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.
Cash bridge derived
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 | €59,858 | €135,781 | +€75,922 | +126.8% |
| Fixed assets | 21/28 | €1,116 | €16,783 | +€15,668 | +1404.3% |
| Tangible fixed assets | 22/27 | €1,116 | €16,783 | +€15,668 | +1404.3% |
| Furniture and vehicles | 24 | €1,116 | €15,617 | +€14,502 | +1299.8% |
| Other tangible fixed assets | 26 | - | €1,166 | +€1,166 | |
| Current assets | 29/58 | €58,743 | €118,997 | +€60,255 | +102.6% |
| Amounts receivable within one year | 40/41 | €30,000 | €40,101 | +€10,101 | +33.7% |
| Trade receivables | 40 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Other amounts receivable | 41 | - | €101 | +€101 | |
| Cash at bank and in hand | 54/58 | €28,743 | €78,897 | +€50,154 | +174.5% |
| Total equity and liabilities | 10/49 | €59,858 | €135,781 | +€75,922 | +126.8% |
| Equity | 10/15 | €42,795 | €98,042 | +€55,247 | +129.1% |
| Contributions | 10/11 | €7,150 | €7,150 | = | 0.0% |
| Reserves | 13 | €35,645 | €90,892 | +€55,247 | +155.0% |
| Distributable reserves | 133 | €35,645 | €90,892 | +€55,247 | +155.0% |
| Amounts payable | 17/49 | €17,063 | €37,739 | +€20,675 | +121.2% |
| Amounts payable within one year | 42/48 | €17,063 | €37,739 | +€20,675 | +121.2% |
| Trade debts | 44 | €2,199 | €2,334 | +€134 | +6.1% |
| Suppliers | 440/4 | €2,199 | €2,334 | +€134 | +6.1% |
| Taxes, remuneration and social security | 45 | €13,140 | €32,356 | +€19,216 | +146.2% |
| Taxes | 450/3 | €13,140 | €32,356 | +€19,216 | +146.2% |
| Other amounts payable | 47/48 | €1,724 | €3,049 | +€1,325 | +76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,123 | +€2,123 | |
| Other operating charges | 640/8 | €353 | €228 | -€125 | -35.4% |
| Gross operating margin | 9900 | €44,986 | €74,311 | +€29,325 | +65.2% |
| Operating profit (loss) | 9901 | €44,633 | €71,960 | +€27,327 | +61.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | - | €72 | +€72 | |
| Recurring financial charges | 65 | - | €72 | +€72 | |
| Profit (loss) for the period before taxes | 9903 | €44,633 | €71,890 | +€27,257 | +61.1% |
| Income taxes | 67/77 | €8,988 | €16,643 | +€7,655 | +85.2% |
| Profit (loss) for the period | 9904 | €35,645 | €55,247 | +€19,602 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,645 | €55,247 | +€19,602 | +55.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.