TULPIN TRAILERS: 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.
TULPIN TRAILERS
Largest movements
- Receivables within one year -€19,458
down €19,458 (-45.7%), from €42,553 to €23,094
of which Trade receivables: -€19,160
- Cash -€12,725
down €12,725 (-93.6%), from €13,601 to €876
mainly Investment in fixed assets (net) (-€38,053) and Trade debts (-€31,434)
- Tangible fixed assets +€7,867
up €7,867 (+9.1%), from €86,082 to €93,949
of which Plant, machinery and equipment: +€10,706
- Trade debts -€31,434
down €31,434 (-82.1%), from €38,284 to €6,850
- Tax, wage and social debts +€4,490
up €4,490 (+192.8%), from €2,329 to €6,820
- Profit (loss) carried forward +€2,742
up €2,742 (+4.0%), from -€68,503 to -€65,761
- Accrued charges and deferred income -€1,696
down €1,696 (-100.0%), from €1,696 to €0
- Depreciation +€4,672
up €4,672 (+18.3%), from €25,514 to €30,185
- Financial charges +€2,044
up €2,044 (+925.6%), from €221 to €2,265
- Gross operating margin -€826
down €826 (-2.0%), from €41,532 to €40,706
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 | €154,968 | €130,435 | -€24,534 | -15.8% |
| Fixed assets | 21/28 | €95,487 | €103,354 | +€7,867 | +8.2% |
| Tangible fixed assets | 22/27 | €86,082 | €93,949 | +€7,867 | +9.1% |
| Land and buildings | 22 | €71,132 | €58,239 | -€12,894 | -18.1% |
| Plant, machinery and equipment | 23 | €1,832 | €12,538 | +€10,706 | +584.5% |
| Furniture and vehicles | 24 | €13,118 | €23,173 | +€10,055 | +76.7% |
| Financial fixed assets | 28 | €9,405 | €9,405 | = | 0.0% |
| Current assets | 29/58 | €59,481 | €27,080 | -€32,401 | -54.5% |
| Stocks and contracts in progress | 3 | €3,328 | €3,110 | -€218 | -6.5% |
| Stocks | 30/36 | €3,328 | €3,110 | -€218 | -6.5% |
| Amounts receivable within one year | 40/41 | €42,553 | €23,094 | -€19,458 | -45.7% |
| Trade receivables | 40 | €42,255 | €23,094 | -€19,160 | -45.3% |
| Other amounts receivable | 41 | €298 | - | -€298 | |
| Cash at bank and in hand | 54/58 | €13,601 | €876 | -€12,725 | -93.6% |
| Total equity and liabilities | 10/49 | €154,968 | €130,435 | -€24,534 | -15.8% |
| Equity | 10/15 | €81,497 | €84,239 | +€2,742 | +3.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,503 | -€65,761 | +€2,742 | +4.0% |
| Amounts payable | 17/49 | €73,471 | €46,195 | -€27,276 | -37.1% |
| Amounts payable within one year | 42/48 | €71,775 | €46,195 | -€25,580 | -35.6% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €38,284 | €6,850 | -€31,434 | -82.1% |
| Suppliers | 440/4 | €38,284 | €6,850 | -€31,434 | -82.1% |
| Taxes, remuneration and social security | 45 | €2,329 | €6,820 | +€4,490 | +192.8% |
| Taxes | 450/3 | €2,329 | €6,820 | +€4,490 | +192.8% |
| Other amounts payable | 47/48 | €31,162 | €32,517 | +€1,355 | +4.3% |
| Accrued charges and deferred income | 492/3 | €1,696 | €0 | -€1,696 | -100.0% |
| Non-recurring operating income | 76A | €14,500 | €0 | -€14,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,514 | €30,185 | +€4,672 | +18.3% |
| Other operating charges | 640/8 | €5,518 | €5,513 | -€5 | -0.1% |
| Gross operating margin | 9900 | €41,532 | €40,706 | -€826 | -2.0% |
| Operating profit (loss) | 9901 | €10,500 | €5,008 | -€5,493 | -52.3% |
| Financial income | 75/76B | €361 | €0 | -€361 | -100.0% |
| Recurring financial income | 75 | €361 | €0 | -€361 | -100.0% |
| Financial charges | 65/66B | €221 | €2,265 | +€2,044 | +925.6% |
| Recurring financial charges | 65 | €221 | €2,265 | +€2,044 | +925.6% |
| Profit (loss) for the period before taxes | 9903 | €10,641 | €2,742 | -€7,898 | -74.2% |
| Profit (loss) for the period | 9904 | €10,641 | €2,742 | -€7,898 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,641 | €2,742 | -€7,898 | -74.2% |
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 7 October 2026 via checked.be.