TULLI: 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.
TULLI
Largest movements
- Receivables after one year +€239,861
up €239,861 (+2398.6%), from €10,000 to €249,861
- Tangible fixed assets -€84,958
down €84,958 (-8.0%), from €1.1m to €981,556
of which Land and buildings: -€85,209
- Receivables within one year -€49,968
down €49,968 (-25.7%), from €194,056 to €144,088
of which Trade receivables: -€47,941
- Reserves +€140,000
up €140,000 (+43.5%), from €321,860 to €461,860
of which Distributable reserves: +€140,000
- Advances received +€75,000
new in 2025: €75,000
- Trade debts -€73,272
down €73,272 (-78.5%), from €93,353 to €20,081
- Debts after one year -€38,644
down €38,644 (-5.2%), from €743,057 to €704,414
- Other operating charges -€39,006
down €39,006 (-87.7%), from €44,455 to €5,450
- Taxes +€14,747
up €14,747 (+34.9%), from €42,301 to €57,048
- Financial income +€9,860
up €9,860 (+1350747.9%), from €1 to €9,861
- Gross operating margin +€9,828
up €9,828 (+3.9%), from €248,883 to €258,711
- Depreciation +€4,635
up €4,635 (+14.1%), from €32,768 to €37,403
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 | €1,288,008 | €1,394,804 | +€106,797 | +8.3% |
| Fixed assets | 21/28 | €1,066,709 | €981,750 | -€84,958 | -8.0% |
| Tangible fixed assets | 22/27 | €1,066,514 | €981,556 | -€84,958 | -8.0% |
| Land and buildings | 22 | €1,060,916 | €975,707 | -€85,209 | -8.0% |
| Plant, machinery and equipment | 23 | €290 | €81 | -€210 | -72.1% |
| Furniture and vehicles | 24 | €5,308 | €5,768 | +€461 | +8.7% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €221,299 | €413,054 | +€191,755 | +86.6% |
| Amounts receivable after more than one year | 29 | €10,000 | €249,861 | +€239,861 | +2398.6% |
| Other amounts receivable | 291 | €10,000 | €249,861 | +€239,861 | +2398.6% |
| Amounts receivable within one year | 40/41 | €194,056 | €144,088 | -€49,968 | -25.7% |
| Trade receivables | 40 | €166,643 | €118,702 | -€47,941 | -28.8% |
| Other amounts receivable | 41 | €27,413 | €25,386 | -€2,027 | -7.4% |
| Cash at bank and in hand | 54/58 | €4,233 | €5,074 | +€841 | +19.9% |
| Deferred charges and accrued income | 490/1 | €13,010 | €14,031 | +€1,021 | +7.8% |
| Total equity and liabilities | 10/49 | €1,288,008 | €1,394,804 | +€106,797 | +8.3% |
| Equity | 10/15 | €340,358 | €482,006 | +€141,647 | +41.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €321,860 | €461,860 | +€140,000 | +43.5% |
| 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 | €320,000 | €460,000 | +€140,000 | +43.8% |
| Profit (loss) carried forward | 14 | €12,298 | €13,946 | +€1,647 | +13.4% |
| Amounts payable | 17/49 | €947,649 | €912,799 | -€34,851 | -3.7% |
| Amounts payable after more than one year | 17 | €743,057 | €704,414 | -€38,644 | -5.2% |
| Financial debts | 170/4 | €743,057 | €704,414 | -€38,644 | -5.2% |
| Amounts payable within one year | 42/48 | €202,550 | €208,010 | +€5,460 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €66,303 | €67,455 | +€1,152 | +1.7% |
| Trade debts | 44 | €93,353 | €20,081 | -€73,272 | -78.5% |
| Suppliers | 440/4 | €93,353 | €20,081 | -€73,272 | -78.5% |
| Advances received on contracts in progress | 46 | - | €75,000 | +€75,000 | |
| Taxes, remuneration and social security | 45 | €42,894 | €45,474 | +€2,580 | +6.0% |
| Taxes | 450/3 | €42,872 | €45,430 | +€2,558 | +6.0% |
| Remuneration and social security | 454/9 | €22 | €44 | +€22 | +100.0% |
| Accrued charges and deferred income | 492/3 | €2,042 | €375 | -€1,667 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,768 | €37,403 | +€4,635 | +14.1% |
| Other operating charges | 640/8 | €44,455 | €5,450 | -€39,006 | -87.7% |
| Gross operating margin | 9900 | €248,883 | €258,711 | +€9,828 | +3.9% |
| Operating profit (loss) | 9901 | €171,660 | €215,858 | +€44,198 | +25.7% |
| Financial income | 75/76B | €1 | €9,861 | +€9,860 | +1350747.9% |
| Recurring financial income | 75 | €1 | €9,861 | +€9,860 | +1350747.9% |
| Financial charges | 65/66B | €25,774 | €27,023 | +€1,249 | +4.8% |
| Recurring financial charges | 65 | €25,774 | €27,023 | +€1,249 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €145,886 | €198,696 | +€52,810 | +36.2% |
| Income taxes | 67/77 | €42,301 | €57,048 | +€14,747 | +34.9% |
| Profit (loss) for the period | 9904 | €103,585 | €141,647 | +€38,063 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,585 | €141,647 | +€38,063 | +36.7% |
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 10 October 2026 via checked.be.