TULINE: 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.
TULINE
Largest movements
- Tangible fixed assets +€287,410
up €287,410 (+178%), from €161,049 to €448,459
of which Furniture and vehicles: +€294,221
- Cash +€136,257
up €136,257 (+272%), from €50,168 to €186,425
mainly Trade debts (+€370,742) and Net result for the year (+€78,794)
- Receivables within one year +€54,415
up €54,415 (+201%), from €27,043 to €81,458
of which Other amounts receivable: +€62,419
- Trade debts +€370,742
up €370,742 (+15,414%), from €2,405 to €373,147
- Reserves +€97,025
up €97,025 (+108%), from €89,916 to €186,941
of which Tax-exempt reserves: +€97,025
- Provisions +€32,342
new in 2025: €32,342
- Profit (loss) carried forward -€18,231
down €18,231 (-42.1%), from €43,277 to €25,046
- Gross operating margin +€119,207
up €119,207 (+564%), from €21,123 to €140,330
- Depreciation -€11,438
down €11,438 (-40.1%), from €28,506 to €17,068
- Other operating charges +€9,199
up €9,199 (+341%), from €2,697 to €11,897
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 | €239,563 | €717,031 | +€477,468 | +199% |
| Fixed assets | 21/28 | €161,049 | €448,759 | +€287,710 | +179% |
| Tangible fixed assets | 22/27 | €161,049 | €448,459 | +€287,410 | +178% |
| Land and buildings | 22 | €126,882 | €123,032 | -€3,850 | -3.0% |
| Plant, machinery and equipment | 23 | €27,148 | €24,188 | -€2,960 | -10.9% |
| Furniture and vehicles | 24 | €7,019 | €301,240 | +€294,221 | +4,192% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €78,514 | €268,271 | +€189,757 | +242% |
| Amounts receivable within one year | 40/41 | €27,043 | €81,458 | +€54,415 | +201% |
| Trade receivables | 40 | €26,771 | €18,767 | -€8,003 | -29.9% |
| Other amounts receivable | 41 | €272 | €62,691 | +€62,419 | +22,914% |
| Cash at bank and in hand | 54/58 | €50,168 | €186,425 | +€136,257 | +272% |
| Deferred charges and accrued income | 490/1 | €1,303 | €388 | -€916 | -70.3% |
| Total equity and liabilities | 10/49 | €239,563 | €717,031 | +€477,468 | +199% |
| Equity | 10/15 | €232,351 | €311,144 | +€78,794 | +33.9% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €89,916 | €186,941 | +€97,025 | +108% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €97,025 | +€97,025 | |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,277 | €25,046 | -€18,231 | -42.1% |
| Provisions and deferred taxes | 16 | - | €32,342 | +€32,342 | |
| Deferred taxes | 168 | - | €32,342 | +€32,342 | |
| Amounts payable | 17/49 | €7,212 | €373,545 | +€366,332 | +5,079% |
| Amounts payable within one year | 42/48 | €7,212 | €373,442 | +€366,230 | +5,078% |
| Trade debts | 44 | €2,405 | €373,147 | +€370,742 | +15,414% |
| Suppliers | 440/4 | €2,405 | €373,147 | +€370,742 | +15,414% |
| Advances received on contracts in progress | 46 | €3,000 | €0 | -€3,000 | -100% |
| Taxes, remuneration and social security | 45 | €1,512 | €0 | -€1,512 | -100% |
| Taxes | 450/3 | €1,512 | €0 | -€1,512 | -100% |
| Other amounts payable | 47/48 | €295 | €295 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €103 | +€103 | |
| Non-recurring operating income | 76A | - | €130,981 | +€130,981 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,506 | €17,068 | -€11,438 | -40.1% |
| Other operating charges | 640/8 | €2,697 | €11,897 | +€9,199 | +341% |
| Gross operating margin | 9900 | €21,123 | €140,330 | +€119,207 | +564% |
| Operating profit (loss) | 9901 | -€10,080 | €111,366 | +€121,445 | |
| Financial income | 75/76B | €3 | €7 | +€4 | +141% |
| Recurring financial income | 75 | €3 | €7 | +€4 | +141% |
| Financial charges | 65/66B | €152 | €238 | +€86 | +56.8% |
| Recurring financial charges | 65 | €152 | €238 | +€86 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,228 | €111,135 | +€121,363 | |
| Transfer from deferred taxes | 780 | - | €404 | +€404 | |
| Transfer to deferred taxes | 680 | - | €32,745 | +€32,745 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,228 | €78,794 | +€89,022 | |
| Transfer from tax-exempt reserves | 789 | - | €1,211 | +€1,211 | |
| Transfer to tax-exempt reserves | 689 | - | €98,236 | +€98,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,228 | -€18,231 | -€8,003 | -78.2% |
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 23 October 2026 via checked.be.