Tulu: 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.
Tulu
Largest movements
- Cash -€101,311
down €101,311 (-81.1%), from €124,963 to €23,652
mainly Trade debts (-€157,165) and Receivables within one year (-€62,976)
- Receivables within one year +€62,976
up €62,976 (+46.9%), from €134,380 to €197,356
of which Trade receivables: +€62,595
- Tangible fixed assets +€15,940
up €15,940 (+7.9%), from €203,044 to €218,984
of which Furniture and vehicles: +€15,940
- Financial fixed assets +€5,000
up €5,000 (+56.5%), from €8,850 to €13,850
- Trade debts -€157,165
down €157,165 (-32.7%), from €480,803 to €323,639
- Profit (loss) carried forward +€109,208
up €109,208, from -€56,203 to €53,005
- Tax, wage and social debts +€21,231
up €21,231 (+196%), from €10,851 to €32,082
- Other debts +€9,331
up €9,331 (+66.8%), from €13,973 to €23,304
- Gross operating margin +€362,386
up €362,386 (+1,257%), from €28,820 to €391,206
- Staff costs +€155,943
up €155,943 (+143%), from €108,705 to €264,648
- Depreciation -€38,563
down €38,563 (-99.1%), from €38,916 to €353
- Other operating charges -€5,182
down €5,182 (-30.5%), from €17,008 to €11,826
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 | €474,871 | €457,476 | -€17,395 | -3.7% |
| Fixed assets | 21/28 | €211,894 | €232,834 | +€20,940 | +9.9% |
| Tangible fixed assets | 22/27 | €203,044 | €218,984 | +€15,940 | +7.9% |
| Land and buildings | 22 | €66,289 | €66,289 | = | 0.0% |
| Furniture and vehicles | 24 | €126,755 | €142,695 | +€15,940 | +12.6% |
| Leasing and similar rights | 25 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €8,850 | €13,850 | +€5,000 | +56.5% |
| Current assets | 29/58 | €262,977 | €224,642 | -€38,334 | -14.6% |
| Amounts receivable within one year | 40/41 | €134,380 | €197,356 | +€62,976 | +46.9% |
| Trade receivables | 40 | €107,142 | €169,737 | +€62,595 | +58.4% |
| Other amounts receivable | 41 | €27,238 | €27,619 | +€381 | +1.4% |
| Cash at bank and in hand | 54/58 | €124,963 | €23,652 | -€101,311 | -81.1% |
| Deferred charges and accrued income | 490/1 | €3,634 | €3,634 | = | 0.0% |
| Total equity and liabilities | 10/49 | €474,871 | €457,476 | -€17,395 | -3.7% |
| Equity | 10/15 | -€48,203 | €61,005 | +€109,208 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,000 | €8,000 | = | 0.0% |
| Share premium | 1100/10 | - | €8,000 | +€8,000 | |
| Other | 1109/19 | €8,000 | - | -€8,000 | |
| Profit (loss) carried forward | 14 | -€56,203 | €53,005 | +€109,208 | |
| Amounts payable | 17/49 | €523,074 | €396,472 | -€126,602 | -24.2% |
| Amounts payable after more than one year | 17 | €3,297 | €3,297 | = | 0.0% |
| Financial debts | 170/4 | €3,297 | €3,297 | = | 0.0% |
| Amounts payable within one year | 42/48 | €519,776 | €393,174 | -€126,602 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €14,149 | €14,149 | = | 0.0% |
| Trade debts | 44 | €480,803 | €323,639 | -€157,165 | -32.7% |
| Suppliers | 440/4 | €480,803 | €323,639 | -€157,165 | -32.7% |
| Taxes, remuneration and social security | 45 | €10,851 | €32,082 | +€21,231 | +196% |
| Taxes | 450/3 | €10,851 | €32,082 | +€21,231 | +196% |
| Other amounts payable | 47/48 | €13,973 | €23,304 | +€9,331 | +66.8% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €108,705 | €264,648 | +€155,943 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,916 | €353 | -€38,563 | -99.1% |
| Other operating charges | 640/8 | €17,008 | €11,826 | -€5,182 | -30.5% |
| Gross operating margin | 9900 | €28,820 | €391,206 | +€362,386 | +1,257% |
| Operating profit (loss) | 9901 | -€135,809 | €114,379 | +€250,188 | |
| Financial charges | 65/66B | €241 | €4,090 | +€3,849 | +1,598% |
| Recurring financial charges | 65 | €241 | €4,090 | +€3,849 | +1,598% |
| Profit (loss) for the period before taxes | 9903 | -€136,050 | €110,289 | +€246,338 | |
| Income taxes | 67/77 | - | €1,081 | +€1,081 | |
| Profit (loss) for the period | 9904 | -€136,050 | €109,208 | +€245,257 | |
| Profit (loss) for the period to be appropriated | 9905 | -€136,050 | €109,208 | +€245,257 |
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 28 October 2026 via checked.be.