TULEBUG: 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.
TULEBUG
Largest movements
- Tangible fixed assets -€441,064
down €441,064 (-21.0%), from €2.1m to €1.7m
of which Land and buildings: -€416,129
- Receivables within one year -€41,477
down €41,477 (-95.4%), from €43,491 to €2,014
of which Other amounts receivable: -€41,477
- Debts after one year -€357,994
down €357,994 (-31.3%), from €1.1m to €785,404
- Profit (loss) carried forward -€143,804
down €143,804 (-35.4%), from -€406,382 to -€550,186
- Depreciation -€13,048
down €13,048 (-18.0%), from €72,638 to €59,590
- Gross operating margin -€9,415
down €9,415 (-15.7%), from €59,939 to €50,523
- Other operating charges +€5,602
up €5,602 (+104.1%), from €5,380 to €10,981
- Financial charges +€5,556
up €5,556 (+4.7%), from €118,311 to €123,866
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 | €2,171,869 | €1,686,624 | -€485,246 | -22.3% |
| Fixed assets | 21/28 | €2,097,134 | €1,656,070 | -€441,064 | -21.0% |
| Tangible fixed assets | 22/27 | €2,097,134 | €1,656,070 | -€441,064 | -21.0% |
| Land and buildings | 22 | €1,956,530 | €1,540,401 | -€416,129 | -21.3% |
| Plant, machinery and equipment | 23 | €22,376 | €15,296 | -€7,079 | -31.6% |
| Furniture and vehicles | 24 | €118,228 | €100,373 | -€17,856 | -15.1% |
| Current assets | 29/58 | €74,735 | €30,554 | -€44,181 | -59.1% |
| Amounts receivable within one year | 40/41 | €43,491 | €2,014 | -€41,477 | -95.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €43,491 | €2,014 | -€41,477 | -95.4% |
| Cash at bank and in hand | 54/58 | €1,448 | €6,873 | +€5,425 | +374.6% |
| Deferred charges and accrued income | 490/1 | €29,796 | €21,667 | -€8,129 | -27.3% |
| Total equity and liabilities | 10/49 | €2,171,869 | €1,686,624 | -€485,246 | -22.3% |
| Equity | 10/15 | -€396,382 | -€540,186 | -€143,804 | -36.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€406,382 | -€550,186 | -€143,804 | -35.4% |
| Amounts payable | 17/49 | €2,568,252 | €2,226,810 | -€341,442 | -13.3% |
| Amounts payable after more than one year | 17 | €1,143,399 | €785,404 | -€357,994 | -31.3% |
| Financial debts | 170/4 | €1,143,399 | €785,404 | -€357,994 | -31.3% |
| Amounts payable within one year | 42/48 | €1,385,701 | €1,385,140 | -€561 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €67,324 | €51,528 | -€15,797 | -23.5% |
| Trade debts | 44 | €9,191 | €29,152 | +€19,961 | +217.2% |
| Suppliers | 440/4 | €9,191 | €29,152 | +€19,961 | +217.2% |
| Taxes, remuneration and social security | 45 | €30 | €4,371 | +€4,341 | +14273.5% |
| Taxes | 450/3 | €30 | €4,371 | +€4,341 | +14273.5% |
| Other amounts payable | 47/48 | €1,309,156 | €1,300,090 | -€9,066 | -0.7% |
| Accrued charges and deferred income | 492/3 | €39,152 | €56,265 | +€17,113 | +43.7% |
| Non-recurring operating income | 76A | €43,525 | €27,231 | -€16,294 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,638 | €59,590 | -€13,048 | -18.0% |
| Other operating charges | 640/8 | €5,380 | €10,981 | +€5,602 | +104.1% |
| Gross operating margin | 9900 | €59,939 | €50,523 | -€9,415 | -15.7% |
| Operating profit (loss) | 9901 | -€18,079 | -€20,048 | -€1,969 | -10.9% |
| Financial income | 75/76B | €0 | €110 | +€110 | +184050.0% |
| Recurring financial income | 75 | €0 | €110 | +€110 | +184050.0% |
| Financial charges | 65/66B | €118,311 | €123,866 | +€5,556 | +4.7% |
| Recurring financial charges | 65 | €118,311 | €123,866 | +€5,556 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€136,390 | -€143,804 | -€7,414 | -5.4% |
| Profit (loss) for the period | 9904 | -€136,390 | -€143,804 | -€7,414 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,390 | -€143,804 | -€7,414 | -5.4% |
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 12 October 2026 via checked.be.