Tulkens Nick: 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.
Tulkens Nick
Largest movements
- Tangible fixed assets -€19,467
down €19,467 (-16.7%), from €116,589 to €97,122
of which Furniture and vehicles: -€15,266
- Receivables within one year +€18,012
up €18,012 (+64.1%), from €28,091 to €46,104
of which Trade receivables: +€26,566
- Cash +€4,335
up €4,335 (+4.7%), from €92,191 to €96,526
mainly Depreciation (+€31,921) and Net result for the year (+€13,292)
- Stocks and contracts -€3,342
down €3,342 (-20.7%), from €16,158 to €12,817
- Deferred charges and accrued income -€2,964
no longer reported in 2024 (was €2,964)
- Debts after one year -€14,990
down €14,990 (-48.6%), from €30,828 to €15,839
- Reserves +€13,292
up €13,292 (+12.8%), from €103,607 to €116,899
of which Distributable reserves: +€13,292
- Trade debts +€9,798
up €9,798 (+70.3%), from €13,934 to €23,732
- Tax, wage and social debts -€4,678
down €4,678 (-23.3%), from €20,110 to €15,432
of which Taxes: -€5,768
- Other debts -€3,656
down €3,656 (-14.6%), from €25,111 to €21,456
- Gross operating margin +€60,075
up €60,075 (+38.1%), from €157,793 to €217,868
- Staff costs +€39,534
up €39,534 (+32.3%), from €122,358 to €161,892
- Taxes +€6,013
up €6,013 (+1,737%), from €346 to €6,359
- Depreciation -€3,150
down €3,150 (-9.0%), from €35,071 to €31,921
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,473 | €275,048 | -€3,425 | -1.2% |
| Fixed assets | 21/28 | €116,639 | €97,172 | -€19,467 | -16.7% |
| Tangible fixed assets | 22/27 | €116,589 | €97,122 | -€19,467 | -16.7% |
| Land and buildings | 22 | €58,174 | €55,796 | -€2,378 | -4.1% |
| Plant, machinery and equipment | 23 | €24,467 | €22,645 | -€1,822 | -7.4% |
| Furniture and vehicles | 24 | €33,947 | €18,681 | -€15,266 | -45.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €161,835 | €177,877 | +€16,042 | +9.9% |
| Stocks and contracts in progress | 3 | €16,158 | €12,817 | -€3,342 | -20.7% |
| Stocks | 30/36 | €16,158 | €12,817 | -€3,342 | -20.7% |
| Amounts receivable within one year | 40/41 | €28,091 | €46,104 | +€18,012 | +64.1% |
| Trade receivables | 40 | €19,262 | €45,828 | +€26,566 | +138% |
| Other amounts receivable | 41 | €8,830 | €276 | -€8,554 | -96.9% |
| Current investments | 50/53 | €22,431 | €22,431 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,191 | €96,526 | +€4,335 | +4.7% |
| Deferred charges and accrued income | 490/1 | €2,964 | - | -€2,964 | |
| Total equity and liabilities | 10/49 | €278,473 | €275,048 | -€3,425 | -1.2% |
| Equity | 10/15 | €170,213 | €183,505 | +€13,292 | +7.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €103,607 | €116,899 | +€13,292 | +12.8% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €102,987 | €116,279 | +€13,292 | +12.9% |
| Profit (loss) carried forward | 14 | €60,409 | €60,409 | = | 0.0% |
| Amounts payable | 17/49 | €108,260 | €91,543 | -€16,718 | -15.4% |
| Amounts payable after more than one year | 17 | €30,828 | €15,839 | -€14,990 | -48.6% |
| Financial debts | 170/4 | €30,828 | €15,839 | -€14,990 | -48.6% |
| Amounts payable within one year | 42/48 | €77,432 | €75,609 | -€1,823 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €18,277 | €14,990 | -€3,287 | -18.0% |
| Trade debts | 44 | €13,934 | €23,732 | +€9,798 | +70.3% |
| Suppliers | 440/4 | €13,934 | €23,732 | +€9,798 | +70.3% |
| Taxes, remuneration and social security | 45 | €20,110 | €15,432 | -€4,678 | -23.3% |
| Taxes | 450/3 | €12,475 | €6,708 | -€5,768 | -46.2% |
| Remuneration and social security | 454/9 | €7,635 | €8,725 | +€1,090 | +14.3% |
| Other amounts payable | 47/48 | €25,111 | €21,456 | -€3,656 | -14.6% |
| Accrued charges and deferred income | 492/3 | - | €95 | +€95 | |
| Remuneration, social security and pensions | 62 | €122,358 | €161,892 | +€39,534 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,071 | €31,921 | -€3,150 | -9.0% |
| Other operating charges | 640/8 | €1,148 | €2,151 | +€1,004 | +87.5% |
| Gross operating margin | 9900 | €157,793 | €217,868 | +€60,075 | +38.1% |
| Operating profit (loss) | 9901 | -€784 | €21,904 | +€22,688 | |
| Financial income | 75/76B | €41 | €0 | -€41 | -100.0% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -100.0% |
| Financial charges | 65/66B | €1,701 | €2,253 | +€552 | +32.4% |
| Recurring financial charges | 65 | €1,701 | €2,253 | +€552 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,444 | €19,651 | +€22,096 | |
| Income taxes | 67/77 | €346 | €6,359 | +€6,013 | +1,737% |
| Profit (loss) for the period | 9904 | -€2,790 | €13,292 | +€16,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,790 | €13,292 | +€16,083 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.