TULUM: 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.
TULUM
Largest movements
- Current investments +€125,000
up €125,000 (+38.5%), from €325,000 to €450,000
- Receivables within one year +€66,241
up €66,241 (+39.6%), from €167,131 to €233,372
of which Other amounts receivable: +€67,950
- Tangible fixed assets -€42,431
down €42,431 (-4.5%), from €953,203 to €910,772
of which Land and buildings: -€30,809
- Reserves +€160,934
up €160,934 (+8.8%), from €1.8m to €2.0m
- Tax, wage and social debts +€50,612
up €50,612 (+101.5%), from €49,843 to €100,455
- Debts after one year -€26,920
down €26,920 (-7.9%), from €339,389 to €312,469
- Taxes +€25,155
up €25,155 (+34.4%), from €73,230 to €98,385
- Gross operating margin +€11,090
up €11,090 (+3.8%), from €294,133 to €305,223
- Financial charges -€6,887
down €6,887 (-34.9%), from €19,707 to €12,819
- Depreciation -€6,724
down €6,724 (-15.7%), from €42,859 to €36,135
- Financial income +€3,721
up €3,721 (+39.9%), from €9,332 to €13,054
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 | €2,290,357 | €2,441,491 | +€151,134 | +6.6% |
| Fixed assets | 21/28 | €1,704,753 | €1,662,322 | -€42,431 | -2.5% |
| Tangible fixed assets | 22/27 | €953,203 | €910,772 | -€42,431 | -4.5% |
| Land and buildings | 22 | €932,217 | €901,408 | -€30,809 | -3.3% |
| Plant, machinery and equipment | 23 | €3,843 | €2,758 | -€1,086 | -28.3% |
| Furniture and vehicles | 24 | €15,584 | €5,122 | -€10,462 | -67.1% |
| Assets under construction and advance payments | 27 | €1,558 | €1,485 | -€73 | -4.7% |
| Financial fixed assets | 28 | €751,550 | €751,550 | = | 0.0% |
| Current assets | 29/58 | €585,604 | €779,169 | +€193,565 | +33.1% |
| Amounts receivable within one year | 40/41 | €167,131 | €233,372 | +€66,241 | +39.6% |
| Trade receivables | 40 | €153,415 | €151,706 | -€1,709 | -1.1% |
| Other amounts receivable | 41 | €13,716 | €81,666 | +€67,950 | +495.4% |
| Current investments | 50/53 | €325,000 | €450,000 | +€125,000 | +38.5% |
| Cash at bank and in hand | 54/58 | €78,648 | €80,751 | +€2,103 | +2.7% |
| Deferred charges and accrued income | 490/1 | €14,825 | €15,047 | +€221 | +1.5% |
| Total equity and liabilities | 10/49 | €2,290,357 | €2,441,491 | +€151,134 | +6.6% |
| Equity | 10/15 | €1,834,857 | €1,995,791 | +€160,934 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,827,951 | €1,988,886 | +€160,934 | +8.8% |
| Distributable reserves | 133 | €1,827,951 | €1,988,886 | +€160,934 | +8.8% |
| Profit (loss) carried forward | 14 | €705 | €705 | = | 0.0% |
| Amounts payable | 17/49 | €455,500 | €445,700 | -€9,800 | -2.2% |
| Amounts payable after more than one year | 17 | €339,389 | €312,469 | -€26,920 | -7.9% |
| Financial debts | 170/4 | €339,389 | €312,469 | -€26,920 | -7.9% |
| Amounts payable within one year | 42/48 | €99,518 | €131,231 | +€31,714 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €26,611 | €26,920 | +€309 | +1.2% |
| Trade debts | 44 | €23,063 | €3,856 | -€19,207 | -83.3% |
| Suppliers | 440/4 | €23,063 | €3,856 | -€19,207 | -83.3% |
| Taxes, remuneration and social security | 45 | €49,843 | €100,455 | +€50,612 | +101.5% |
| Taxes | 450/3 | €49,843 | €100,455 | +€50,612 | +101.5% |
| Accrued charges and deferred income | 492/3 | €16,594 | €2,000 | -€14,594 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,859 | €36,135 | -€6,724 | -15.7% |
| Other operating charges | 640/8 | €13,578 | €10,002 | -€3,576 | -26.3% |
| Gross operating margin | 9900 | €294,133 | €305,223 | +€11,090 | +3.8% |
| Operating profit (loss) | 9901 | €237,696 | €259,086 | +€21,390 | +9.0% |
| Financial income | 75/76B | €9,332 | €13,054 | +€3,721 | +39.9% |
| Recurring financial income | 75 | €9,332 | €13,054 | +€3,721 | +39.9% |
| Financial charges | 65/66B | €19,707 | €12,819 | -€6,887 | -34.9% |
| Recurring financial charges | 65 | €19,707 | €12,819 | -€6,887 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €227,321 | €259,320 | +€31,998 | +14.1% |
| Income taxes | 67/77 | €73,230 | €98,385 | +€25,155 | +34.4% |
| Profit (loss) for the period | 9904 | €154,091 | €160,934 | +€6,843 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €154,091 | €160,934 | +€6,843 | +4.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.