TULING: what changed
Two fiscal 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.
TULING
Largest movements
- Financial fixed assets -€260,000
down €260,000 (-100.0%), from €260,000 to €0
- Cash +€134,186
up €134,186 (+14899.8%), from €901 to €135,087
mainly Investment in fixed assets (net) (+€260,000) and Depreciation (+€70,829)
- Tangible fixed assets -€70,829
down €70,829 (-8.5%), from €835,417 to €764,588
of which Land and buildings: -€70,163
- Deferred charges and accrued income -€11,933
down €11,933 (-96.5%), from €12,367 to €434
- Profit (loss) carried forward -€190,397
down €190,397, from €96,805 to -€93,592
- Other debts -€82,287
down €82,287 (-99.9%), from €82,387 to €100
- Debts after one year +€69,075
up €69,075 (+11.0%), from €629,054 to €698,129
- Financial charges +€69,400
up €69,400 (+390.7%), from €17,764 to €87,164
of which Non-recurring financial charges: +€72,000
- Write-downs +€22,806
new in 2025: €22,806
- Gross operating margin +€15,488
up €15,488 (+68.8%), from -€22,526 to -€7,038
- Financial income -€3,837
down €3,837 (-38.4%), from €10,000 to €6,163
- Other operating charges +€3,645
up €3,645 (+74.7%), from €4,883 to €8,528
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 | €1,162,340 | €958,527 | -€203,813 | -17.5% |
| Fixed assets | 21/28 | €1,095,417 | €764,588 | -€330,829 | -30.2% |
| Tangible fixed assets | 22/27 | €835,417 | €764,588 | -€70,829 | -8.5% |
| Land and buildings | 22 | €833,249 | €763,086 | -€70,163 | -8.4% |
| Furniture and vehicles | 24 | €2,167 | €1,502 | -€665 | -30.7% |
| Financial fixed assets | 28 | €260,000 | €0 | -€260,000 | -100.0% |
| Current assets | 29/58 | €66,923 | €193,939 | +€127,016 | +189.8% |
| Amounts receivable within one year | 40/41 | €53,656 | €58,418 | +€4,762 | +8.9% |
| Trade receivables | 40 | €12,100 | €3,090 | -€9,010 | -74.5% |
| Other amounts receivable | 41 | €41,556 | €55,328 | +€13,772 | +33.1% |
| Cash at bank and in hand | 54/58 | €901 | €135,087 | +€134,186 | +14899.8% |
| Deferred charges and accrued income | 490/1 | €12,367 | €434 | -€11,933 | -96.5% |
| Total equity and liabilities | 10/49 | €1,162,340 | €958,527 | -€203,813 | -17.5% |
| Equity | 10/15 | €361,855 | €171,458 | -€190,397 | -52.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €65,050 | €65,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,050 | €7,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,050 | €7,050 | = | 0.0% |
| Distributable reserves | 133 | €58,000 | €58,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,805 | -€93,592 | -€190,397 | |
| Amounts payable | 17/49 | €800,485 | €787,069 | -€13,416 | -1.7% |
| Amounts payable after more than one year | 17 | €629,054 | €698,129 | +€69,075 | +11.0% |
| Financial debts | 170/4 | €629,054 | €698,129 | +€69,075 | +11.0% |
| Amounts payable within one year | 42/48 | €171,431 | €88,940 | -€82,492 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €85,195 | €86,815 | +€1,620 | +1.9% |
| Trade debts | 44 | €1,732 | €1,746 | +€14 | +0.8% |
| Suppliers | 440/4 | €1,732 | €1,746 | +€14 | +0.8% |
| Taxes, remuneration and social security | 45 | €2,118 | €279 | -€1,839 | -86.8% |
| Taxes | 450/3 | €2,078 | €279 | -€1,799 | -86.6% |
| Remuneration and social security | 454/9 | €40 | €0 | -€40 | -100.0% |
| Other amounts payable | 47/48 | €82,387 | €100 | -€82,287 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,171 | €70,829 | +€658 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,806 | +€22,806 | |
| Other operating charges | 640/8 | €4,883 | €8,528 | +€3,645 | +74.7% |
| Non-recurring operating charges | 66A | - | €129 | +€129 | |
| Gross operating margin | 9900 | -€22,526 | -€7,038 | +€15,488 | +68.8% |
| Operating profit (loss) | 9901 | -€97,580 | -€109,330 | -€11,750 | -12.0% |
| Financial income | 75/76B | €10,000 | €6,163 | -€3,837 | -38.4% |
| Recurring financial income | 75 | €10,000 | €6,163 | -€3,837 | -38.4% |
| Financial charges | 65/66B | €17,764 | €87,164 | +€69,400 | +390.7% |
| Recurring financial charges | 65 | €17,764 | €15,164 | -€2,600 | -14.6% |
| Non-recurring financial charges | 66B | - | €72,000 | +€72,000 | |
| Profit (loss) for the period before taxes | 9903 | -€105,344 | -€190,330 | -€84,987 | -80.7% |
| Income taxes | 67/77 | -€425 | €66 | +€492 | |
| Profit (loss) for the period | 9904 | -€104,918 | -€190,397 | -€85,478 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,918 | -€190,397 | -€85,478 | -81.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.