Tulius: 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.
Tulius
Largest movements
- Cash -€25,308
down €25,308 (-3.1%), from €818,442 to €793,134
mainly Contributions, distributions and other (-€140,090) and Advances received (-€39,353)
- Current investments +€24,000
up €24,000 (+8.9%), from €270,054 to €294,054
- Receivables within one year -€22,414
down €22,414 (-58.3%), from €38,456 to €16,042
of which Trade receivables: -€15,668
- Other debts +€43,033
up €43,033 (+35.0%), from €122,959 to €165,991
- Advances received -€39,353
no longer reported in 2025 (was €39,353)
- Tax, wage and social debts -€16,588
down €16,588 (-78.2%), from €21,225 to €4,637
of which Taxes: -€16,328
- Reserves -€16,191
down €16,191 (-1.7%), from €934,728 to €918,537
of which Distributable reserves: -€16,191
- Financial income -€12,940
down €12,940 (-52.8%), from €24,496 to €11,556
- Gross operating margin -€8,758
down €8,758 (-4.3%), from €203,231 to €194,473
- Taxes -€3,867
down €3,867 (-6.8%), from €56,834 to €52,967
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 | €1,151,307 | €1,122,135 | -€29,171 | -2.5% |
| Fixed assets | 21/28 | €24,355 | €18,906 | -€5,449 | -22.4% |
| Tangible fixed assets | 22/27 | €24,355 | €18,906 | -€5,449 | -22.4% |
| Land and buildings | 22 | €14,210 | €12,375 | -€1,835 | -12.9% |
| Plant, machinery and equipment | 23 | - | €1,532 | +€1,532 | |
| Furniture and vehicles | 24 | €4,703 | €485 | -€4,218 | -89.7% |
| Leasing and similar rights | 25 | - | €4,513 | +€4,513 | |
| Other tangible fixed assets | 26 | €5,442 | - | -€5,442 | |
| Current assets | 29/58 | €1,126,952 | €1,103,229 | -€23,722 | -2.1% |
| Amounts receivable within one year | 40/41 | €38,456 | €16,042 | -€22,414 | -58.3% |
| Trade receivables | 40 | €31,238 | €15,570 | -€15,668 | -50.2% |
| Other amounts receivable | 41 | €7,218 | €472 | -€6,746 | -93.5% |
| Current investments | 50/53 | €270,054 | €294,054 | +€24,000 | +8.9% |
| Cash at bank and in hand | 54/58 | €818,442 | €793,134 | -€25,308 | -3.1% |
| Total equity and liabilities | 10/49 | €1,151,307 | €1,122,135 | -€29,171 | -2.5% |
| Equity | 10/15 | €953,328 | €937,137 | -€16,191 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €934,728 | €918,537 | -€16,191 | -1.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €932,868 | €916,677 | -€16,191 | -1.7% |
| Amounts payable | 17/49 | €197,978 | €184,998 | -€12,980 | -6.6% |
| Amounts payable within one year | 42/48 | €197,978 | €184,998 | -€12,980 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €13,680 | €13,613 | -€68 | -0.5% |
| Trade debts | 44 | €762 | €757 | -€5 | -0.6% |
| Suppliers | 440/4 | €762 | €757 | -€5 | -0.6% |
| Advances received on contracts in progress | 46 | €39,353 | - | -€39,353 | |
| Taxes, remuneration and social security | 45 | €21,225 | €4,637 | -€16,588 | -78.2% |
| Taxes | 450/3 | €18,694 | €2,366 | -€16,328 | -87.3% |
| Remuneration and social security | 454/9 | €2,531 | €2,271 | -€260 | -10.3% |
| Other amounts payable | 47/48 | €122,959 | €165,991 | +€43,033 | +35.0% |
| Remuneration, social security and pensions | 62 | €17,199 | €17,095 | -€103 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,030 | €7,173 | -€1,857 | -20.6% |
| Other operating charges | 640/8 | €3,198 | €3,699 | +€501 | +15.7% |
| Gross operating margin | 9900 | €203,231 | €194,473 | -€8,758 | -4.3% |
| Operating profit (loss) | 9901 | €173,803 | €166,505 | -€7,298 | -4.2% |
| Financial income | 75/76B | €24,496 | €11,556 | -€12,940 | -52.8% |
| Recurring financial income | 75 | €24,496 | €11,556 | -€12,940 | -52.8% |
| Financial charges | 65/66B | €2,354 | €1,195 | -€1,160 | -49.3% |
| Recurring financial charges | 65 | €2,354 | €1,195 | -€1,160 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €195,945 | €176,866 | -€19,079 | -9.7% |
| Income taxes | 67/77 | €56,834 | €52,967 | -€3,867 | -6.8% |
| Profit (loss) for the period | 9904 | €139,111 | €123,899 | -€15,212 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €139,111 | €123,899 | -€15,212 | -10.9% |
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 3 October 2026 via checked.be.