TULSI: 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.
TULSI
Largest movements
- Cash +€105,589
up €105,589 (+53.8%), from €196,357 to €301,946
mainly Net result for the year (+€65,830) and Trade debts (+€28,464)
- Intangible fixed assets -€18,201
down €18,201 (-17.2%), from €106,062 to €87,861
- Tangible fixed assets -€7,694
down €7,694 (-33.1%), from €23,240 to €15,546
of which Furniture and vehicles: -€4,392
- Reserves +€35,000
up €35,000 (+46.7%), from €75,000 to €110,000
- Profit (loss) carried forward +€30,830
up €30,830 (+185.4%), from €16,630 to €47,460
- Trade debts +€28,464
up €28,464 (+33.8%), from €84,229 to €112,693
- Debts after one year -€19,258
down €19,258 (-54.2%), from €35,558 to €16,300
- Other debts +€6,657
up €6,657 (+18.0%), from €37,033 to €43,690
- Gross operating margin +€142,744
up €142,744 (+74.4%), from €191,965 to €334,709
- Staff costs +€34,942
up €34,942 (+18.7%), from €186,781 to €221,723
- Taxes +€15,616
up €15,616 (+28705.1%), from €54 to €15,670
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 | €327,622 | €405,369 | +€77,747 | +23.7% |
| Fixed assets | 21/28 | €129,301 | €103,407 | -€25,894 | -20.0% |
| Intangible fixed assets | 21 | €106,062 | €87,861 | -€18,201 | -17.2% |
| Tangible fixed assets | 22/27 | €23,240 | €15,546 | -€7,694 | -33.1% |
| Plant, machinery and equipment | 23 | €7,980 | €4,678 | -€3,302 | -41.4% |
| Furniture and vehicles | 24 | €15,260 | €10,868 | -€4,392 | -28.8% |
| Current assets | 29/58 | €198,321 | €301,962 | +€103,641 | +52.3% |
| Cash at bank and in hand | 54/58 | €196,357 | €301,946 | +€105,589 | +53.8% |
| Deferred charges and accrued income | 490/1 | €1,964 | €16 | -€1,948 | -99.2% |
| Total equity and liabilities | 10/49 | €327,622 | €405,369 | +€77,747 | +23.7% |
| Equity | 10/15 | €94,630 | €160,460 | +€65,830 | +69.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €110,000 | +€35,000 | +46.7% |
| Distributable reserves | 133 | €75,000 | €110,000 | +€35,000 | +46.7% |
| Profit (loss) carried forward | 14 | €16,630 | €47,460 | +€30,830 | +185.4% |
| Amounts payable | 17/49 | €232,992 | €244,909 | +€11,917 | +5.1% |
| Amounts payable after more than one year | 17 | €35,558 | €16,300 | -€19,258 | -54.2% |
| Financial debts | 170/4 | €35,558 | €16,300 | -€19,258 | -54.2% |
| Amounts payable within one year | 42/48 | €179,434 | €210,507 | +€31,073 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €18,933 | €19,258 | +€325 | +1.7% |
| Trade debts | 44 | €84,229 | €112,693 | +€28,464 | +33.8% |
| Suppliers | 440/4 | €84,229 | €112,693 | +€28,464 | +33.8% |
| Taxes, remuneration and social security | 45 | €39,239 | €34,866 | -€4,372 | -11.1% |
| Taxes | 450/3 | €6,878 | €23,221 | +€16,342 | +237.6% |
| Remuneration and social security | 454/9 | €32,360 | €11,646 | -€20,715 | -64.0% |
| Other amounts payable | 47/48 | €37,033 | €43,690 | +€6,657 | +18.0% |
| Accrued charges and deferred income | 492/3 | €18,000 | €18,102 | +€102 | +0.6% |
| Remuneration, social security and pensions | 62 | €186,781 | €221,723 | +€34,942 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,910 | €25,894 | -€16 | -0.1% |
| Other operating charges | 640/8 | €446 | €367 | -€79 | -17.7% |
| Gross operating margin | 9900 | €191,965 | €334,709 | +€142,744 | +74.4% |
| Operating profit (loss) | 9901 | -€21,172 | €86,724 | +€107,897 | |
| Financial income | 75/76B | - | €286 | +€286 | |
| Recurring financial income | 75 | - | €286 | +€286 | |
| Financial charges | 65/66B | €5,518 | €5,510 | -€8 | -0.1% |
| Recurring financial charges | 65 | €5,518 | €5,510 | -€8 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,690 | €81,500 | +€108,190 | |
| Income taxes | 67/77 | €54 | €15,670 | +€15,616 | +28705.1% |
| Profit (loss) for the period | 9904 | -€26,745 | €65,830 | +€92,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,745 | €65,830 | +€92,575 |
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 30 September 2026 via checked.be.