TULUHA: 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.
TULUHA
Largest movements
- Receivables within one year +€9,992
up €9,992 (+153%), from €6,538 to €16,530
- Tangible fixed assets +€3,884
up €3,884 (+14.1%), from €27,552 to €31,436
of which Furniture and vehicles: +€5,391
- Cash +€1,798
up €1,798 (+98.5%), from €1,825 to €3,623
mainly Trade debts (+€13,610) and Net result for the year (+€6,438)
- Stocks and contracts +€1,404
up €1,404 (+10.5%), from €13,348 to €14,752
- Deferred charges and accrued income +€1,402
up €1,402 (+401%), from €350 to €1,752
- Trade debts +€13,610
up €13,610 (+170%), from €8,021 to €21,631
- Debts after one year -€7,020
down €7,020 (-31.2%), from €22,471 to €15,451
- Profit (loss) carried forward +€6,438
up €6,438 (+195%), from €3,300 to €9,738
- Tax, wage and social debts +€3,309
up €3,309 (+24.0%), from €13,763 to €17,072
of which Taxes: +€2,762
- Accrued charges and deferred income +€2,143
up €2,143 (+3,695%), from €58 to €2,201
- Gross operating margin +€12,480
up €12,480 (+22.7%), from €54,974 to €67,454
- Staff costs +€5,640
up €5,640 (+12.9%), from €43,666 to €49,306
- Other operating charges +€2,243
up €2,243 (+361%), from €622 to €2,865
- Financial charges -€1,765
down €1,765 (-56.7%), from €3,112 to €1,347
- Taxes +€1,685
up €1,685 (+85.6%), from €1,968 to €3,653
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 | €50,113 | €68,593 | +€18,480 | +36.9% |
| Fixed assets | 21/28 | €28,052 | €31,936 | +€3,884 | +13.8% |
| Tangible fixed assets | 22/27 | €27,552 | €31,436 | +€3,884 | +14.1% |
| Plant, machinery and equipment | 23 | €1,346 | €1,835 | +€489 | +36.3% |
| Furniture and vehicles | 24 | €1,913 | €7,304 | +€5,391 | +282% |
| Other tangible fixed assets | 26 | €24,293 | €22,297 | -€1,996 | -8.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €22,061 | €36,657 | +€14,596 | +66.2% |
| Stocks and contracts in progress | 3 | €13,348 | €14,752 | +€1,404 | +10.5% |
| Stocks | 30/36 | €13,348 | €14,752 | +€1,404 | +10.5% |
| Amounts receivable within one year | 40/41 | €6,538 | €16,530 | +€9,992 | +153% |
| Trade receivables | 40 | €6,538 | €16,530 | +€9,992 | +153% |
| Cash at bank and in hand | 54/58 | €1,825 | €3,623 | +€1,798 | +98.5% |
| Deferred charges and accrued income | 490/1 | €350 | €1,752 | +€1,402 | +401% |
| Total equity and liabilities | 10/49 | €50,113 | €68,593 | +€18,480 | +36.9% |
| Equity | 10/15 | €5,800 | €12,238 | +€6,438 | +111% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,300 | €9,738 | +€6,438 | +195% |
| Amounts payable | 17/49 | €44,313 | €56,355 | +€12,042 | +27.2% |
| Amounts payable after more than one year | 17 | €22,471 | €15,451 | -€7,020 | -31.2% |
| Other amounts payable | 178/9 | €22,471 | €15,451 | -€7,020 | -31.2% |
| Amounts payable within one year | 42/48 | €21,784 | €38,703 | +€16,919 | +77.7% |
| Trade debts | 44 | €8,021 | €21,631 | +€13,610 | +170% |
| Suppliers | 440/4 | €8,021 | €21,631 | +€13,610 | +170% |
| Taxes, remuneration and social security | 45 | €13,763 | €17,072 | +€3,309 | +24.0% |
| Taxes | 450/3 | €8,518 | €11,280 | +€2,762 | +32.4% |
| Remuneration and social security | 454/9 | €5,245 | €5,792 | +€547 | +10.4% |
| Accrued charges and deferred income | 492/3 | €58 | €2,201 | +€2,143 | +3,695% |
| Remuneration, social security and pensions | 62 | €43,666 | €49,306 | +€5,640 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,101 | €3,845 | +€744 | +24.0% |
| Other operating charges | 640/8 | €622 | €2,865 | +€2,243 | +361% |
| Gross operating margin | 9900 | €54,974 | €67,454 | +€12,480 | +22.7% |
| Operating profit (loss) | 9901 | €7,585 | €11,438 | +€3,853 | +50.8% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €3,112 | €1,347 | -€1,765 | -56.7% |
| Recurring financial charges | 65 | €3,112 | €1,347 | -€1,765 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | €4,479 | €10,091 | +€5,612 | +125% |
| Income taxes | 67/77 | €1,968 | €3,653 | +€1,685 | +85.6% |
| Profit (loss) for the period | 9904 | €2,511 | €6,438 | +€3,927 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €2,511 | €6,438 | +€3,927 | +156% |
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 31 October 2026 via checked.be.