TULTAY: 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.
TULTAY
Largest movements
- Receivables within one year +€11,072
up €11,072 (+764%), from €1,449 to €12,521
of which Other amounts receivable: +€7,006
- Cash -€5,675
down €5,675 (-71.7%), from €7,916 to €2,241
mainly Receivables within one year (-€11,072) and Tax, wage and social debts (-€4,488)
- Tangible fixed assets +€506
up €506 (+769%), from €66 to €571
of which Furniture and vehicles: +€571
- Profit (loss) carried forward +€11,849
up €11,849 (+50.4%), from -€23,493 to -€11,644
- Tax, wage and social debts -€4,488
down €4,488 (-20.4%), from €21,969 to €17,480
- Trade debts -€2,895
down €2,895 (-100%), from €2,895 to €0
- Accrued charges and deferred income +€1,437
new in 2025: €1,437
- Gross operating margin +€23,108
up €23,108 (+774%), from €2,985 to €26,093
- Taxes +€2,797
up €2,797 (+779%), from €359 to €3,156
- Financial charges +€1,360
up €1,360 (+20.1%), from €6,774 to €8,134
- Depreciation -€1,138
down €1,138 (-94.0%), from €1,210 to €72
- Other operating charges +€820
up €820 (+39.7%), from €2,062 to €2,882
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.
Derived cash bridge
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 | €9,430 | €15,333 | +€5,902 | +62.6% |
| Fixed assets | 21/28 | €66 | €571 | +€506 | +769% |
| Tangible fixed assets | 22/27 | €66 | €571 | +€506 | +769% |
| Plant, machinery and equipment | 23 | €66 | €0 | -€66 | -100% |
| Furniture and vehicles | 24 | €0 | €571 | +€571 | |
| Current assets | 29/58 | €9,365 | €14,762 | +€5,397 | +57.6% |
| Amounts receivable within one year | 40/41 | €1,449 | €12,521 | +€11,072 | +764% |
| Trade receivables | 40 | - | €4,066 | +€4,066 | |
| Other amounts receivable | 41 | €1,449 | €8,455 | +€7,006 | +484% |
| Cash at bank and in hand | 54/58 | €7,916 | €2,241 | -€5,675 | -71.7% |
| Total equity and liabilities | 10/49 | €9,430 | €15,333 | +€5,902 | +62.6% |
| Equity | 10/15 | -€15,433 | -€3,584 | +€11,849 | +76.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,493 | -€11,644 | +€11,849 | +50.4% |
| Amounts payable | 17/49 | €24,864 | €18,917 | -€5,946 | -23.9% |
| Amounts payable within one year | 42/48 | €24,864 | €17,480 | -€7,383 | -29.7% |
| Trade debts | 44 | €2,895 | €0 | -€2,895 | -100% |
| Suppliers | 440/4 | €2,895 | €0 | -€2,895 | -100% |
| Taxes, remuneration and social security | 45 | €21,969 | €17,480 | -€4,488 | -20.4% |
| Taxes | 450/3 | €21,969 | €17,480 | -€4,488 | -20.4% |
| Accrued charges and deferred income | 492/3 | - | €1,437 | +€1,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,210 | €72 | -€1,138 | -94.0% |
| Other operating charges | 640/8 | €2,062 | €2,882 | +€820 | +39.7% |
| Gross operating margin | 9900 | €2,985 | €26,093 | +€23,108 | +774% |
| Operating profit (loss) | 9901 | -€287 | €23,139 | +€23,426 | |
| Financial charges | 65/66B | €6,774 | €8,134 | +€1,360 | +20.1% |
| Recurring financial charges | 65 | €6,774 | €8,134 | +€1,360 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,061 | €15,005 | +€22,066 | |
| Income taxes | 67/77 | €359 | €3,156 | +€2,797 | +779% |
| Profit (loss) for the period | 9904 | -€7,420 | €11,849 | +€19,269 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,420 | €11,849 | +€19,269 |
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 27 October 2026 via checked.be.