TUMASIK: 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.
TUMASIK
Largest movements
- Tangible fixed assets +€61,398
up €61,398 (+1,775%), from €3,460 to €64,858
of which Furniture and vehicles: +€54,508
- Receivables after one year +€18,000
up €18,000 (+72.0%), from €25,000 to €43,000
- Cash +€13,788
up €13,788 (+128%), from €10,812 to €24,600
mainly Net result for the year (+€87,299) and Receivables within one year (+€3,804)
- Receivables within one year -€3,804
down €3,804 (-9.8%), from €38,801 to €34,998
- Deferred charges and accrued income +€2,301
up €2,301 (+593%), from €388 to €2,690
- Reserves +€87,299
up €87,299 (+158%), from €55,279 to €142,577
- Trade debts +€2,785
up €2,785 (+584%), from €477 to €3,262
- Tax, wage and social debts +€1,736
up €1,736 (+8.5%), from €20,467 to €22,203
- Gross operating margin +€50,096
up €50,096 (+63.6%), from €78,740 to €128,837
- Taxes +€15,434
up €15,434 (+70.1%), from €22,010 to €37,445
- Depreciation +€2,692
up €2,692 (+416%), from €647 to €3,338
- Financial income +€1,318
up €1,318 (+1,101%), from €120 to €1,438
- Other operating charges +€1,289
up €1,289 (+158%), from €817 to €2,106
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 | €78,711 | €170,395 | +€91,684 | +116% |
| Fixed assets | 21/28 | €3,460 | €64,858 | +€61,398 | +1,775% |
| Tangible fixed assets | 22/27 | €3,460 | €64,858 | +€61,398 | +1,775% |
| Plant, machinery and equipment | 23 | €2,088 | €8,977 | +€6,890 | +330% |
| Furniture and vehicles | 24 | €1,372 | €55,880 | +€54,508 | +3,973% |
| Current assets | 29/58 | €75,252 | €105,537 | +€30,285 | +40.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €43,000 | +€18,000 | +72.0% |
| Trade receivables | 290 | €25,000 | €43,000 | +€18,000 | +72.0% |
| Amounts receivable within one year | 40/41 | €38,801 | €34,998 | -€3,804 | -9.8% |
| Trade receivables | 40 | €38,801 | €34,998 | -€3,804 | -9.8% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,812 | €24,600 | +€13,788 | +128% |
| Deferred charges and accrued income | 490/1 | €388 | €2,690 | +€2,301 | +593% |
| Total equity and liabilities | 10/49 | €78,711 | €170,395 | +€91,684 | +116% |
| Equity | 10/15 | €57,279 | €144,577 | +€87,299 | +152% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €55,279 | €142,577 | +€87,299 | +158% |
| Distributable reserves | 133 | €55,279 | €142,577 | +€87,299 | +158% |
| Amounts payable | 17/49 | €21,433 | €25,818 | +€4,385 | +20.5% |
| Amounts payable within one year | 42/48 | €21,433 | €25,818 | +€4,385 | +20.5% |
| Trade debts | 44 | €477 | €3,262 | +€2,785 | +584% |
| Suppliers | 440/4 | €477 | €3,262 | +€2,785 | +584% |
| Taxes, remuneration and social security | 45 | €20,467 | €22,203 | +€1,736 | +8.5% |
| Taxes | 450/3 | €20,467 | €22,203 | +€1,736 | +8.5% |
| Other amounts payable | 47/48 | €489 | €353 | -€136 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €3,338 | +€2,692 | +416% |
| Other operating charges | 640/8 | €817 | €2,106 | +€1,289 | +158% |
| Gross operating margin | 9900 | €78,740 | €128,837 | +€50,096 | +63.6% |
| Operating profit (loss) | 9901 | €77,277 | €123,392 | +€46,115 | +59.7% |
| Financial income | 75/76B | €120 | €1,438 | +€1,318 | +1,101% |
| Recurring financial income | 75 | €120 | €1,438 | +€1,318 | +1,101% |
| Financial charges | 65/66B | €107 | €86 | -€21 | -19.9% |
| Recurring financial charges | 65 | €107 | €86 | -€21 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €77,289 | €124,743 | +€47,454 | +61.4% |
| Income taxes | 67/77 | €22,010 | €37,445 | +€15,434 | +70.1% |
| Profit (loss) for the period | 9904 | €55,279 | €87,299 | +€32,020 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,279 | €87,299 | +€32,020 | +57.9% |
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 13 October 2026 via checked.be.