TULIPS: 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.
TULIPS
Largest movements
- Cash +€46,256
up €46,256 (+75.8%), from €60,986 to €107,242
mainly Net result for the year (+€31,271) and Contributions, distributions and other (+€27,804)
- Profit (loss) carried forward +€59,075
up €59,075, from -€27,804 to €31,271
- Accrued charges and deferred income -€12,901
no longer reported in 2025 (was €12,901)
- Gross operating margin +€74,367
up €74,367, from -€26,454 to €47,913
- Staff costs +€1,960
up €1,960 (+13.4%), from €14,600 to €16,560
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 | €66,860 | €114,139 | +€47,279 | +70.7% |
| Current assets | 29/58 | €66,860 | €114,139 | +€47,279 | +70.7% |
| Amounts receivable within one year | 40/41 | €5,874 | €6,897 | +€1,023 | +17.4% |
| Trade receivables | 40 | - | €6,897 | +€6,897 | |
| Other amounts receivable | 41 | €5,874 | - | -€5,874 | |
| Cash at bank and in hand | 54/58 | €60,986 | €107,242 | +€46,256 | +75.8% |
| Total equity and liabilities | 10/49 | €66,860 | €114,139 | +€47,279 | +70.7% |
| Equity | 10/15 | -€21,604 | €37,471 | +€59,075 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,804 | €31,271 | +€59,075 | |
| Amounts payable | 17/49 | €88,464 | €76,668 | -€11,796 | -13.3% |
| Amounts payable within one year | 42/48 | €75,563 | €76,668 | +€1,106 | +1.5% |
| Taxes, remuneration and social security | 45 | €21,619 | €22,724 | +€1,106 | +5.1% |
| Remuneration and social security | 454/9 | €21,619 | €22,724 | +€1,106 | +5.1% |
| Other amounts payable | 47/48 | €53,944 | €53,944 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €12,901 | - | -€12,901 | |
| Remuneration, social security and pensions | 62 | €14,600 | €16,560 | +€1,960 | +13.4% |
| Gross operating margin | 9900 | -€26,454 | €47,913 | +€74,367 | |
| Operating profit (loss) | 9901 | -€41,054 | €31,353 | +€72,407 | |
| Financial charges | 65/66B | €103 | €83 | -€20 | -19.6% |
| Recurring financial charges | 65 | €103 | €83 | -€20 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,157 | €31,271 | +€72,427 | |
| Profit (loss) for the period | 9904 | -€41,157 | €31,271 | +€72,427 | |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,157 | €31,271 | +€72,427 |
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 9 October 2026 via checked.be.