TUN-BEL: 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.
TUN-BEL
Largest movements
- Receivables within one year +€34,301
up €34,301 (+729.4%), from €4,703 to €39,003
of which Trade receivables: +€19,015
- Cash +€25,635
up €25,635 (+1281.8%), from €2,000 to €27,635
mainly Net result for the year (+€61,587) and Tax, wage and social debts (+€19,648)
- Tangible fixed assets +€14,588
up €14,588 (+6985.8%), from €209 to €14,797
of which Furniture and vehicles: +€14,277
- Profit (loss) carried forward +€61,587
up €61,587, from -€3,346 to €58,241
- Tax, wage and social debts +€19,648
new in 2025: €19,648
- Other debts -€4,506
down €4,506 (-100.0%), from €4,506 to €0
- Trade debts -€2,192
down €2,192 (-58.4%), from €3,752 to €1,560
- Gross operating margin +€83,175
up €83,175, from -€3,336 to €79,839
- Taxes +€16,298
new in 2025: €16,298
- Financial charges +€1,543
new in 2025: €1,543
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 | €6,911 | €81,526 | +€74,614 | +1079.6% |
| Fixed assets | 21/28 | €209 | €14,797 | +€14,588 | +6985.8% |
| Tangible fixed assets | 22/27 | €209 | €14,797 | +€14,588 | +6985.8% |
| Plant, machinery and equipment | 23 | - | €311 | +€311 | |
| Furniture and vehicles | 24 | €209 | €14,486 | +€14,277 | +6836.8% |
| Current assets | 29/58 | €6,703 | €66,729 | +€60,026 | +895.6% |
| Amounts receivable within one year | 40/41 | €4,703 | €39,003 | +€34,301 | +729.4% |
| Trade receivables | 40 | €4,703 | €23,718 | +€19,015 | +404.4% |
| Other amounts receivable | 41 | - | €15,285 | +€15,285 | |
| Cash at bank and in hand | 54/58 | €2,000 | €27,635 | +€25,635 | +1281.8% |
| Deferred charges and accrued income | 490/1 | - | €90 | +€90 | |
| Total equity and liabilities | 10/49 | €6,911 | €81,526 | +€74,614 | +1079.6% |
| Equity | 10/15 | -€1,346 | €60,241 | +€61,587 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,346 | €58,241 | +€61,587 | |
| Amounts payable | 17/49 | €8,258 | €21,285 | +€13,027 | +157.8% |
| Amounts payable within one year | 42/48 | €8,258 | €21,209 | +€12,951 | +156.8% |
| Trade debts | 44 | €3,752 | €1,560 | -€2,192 | -58.4% |
| Suppliers | 440/4 | €3,752 | €1,560 | -€2,192 | -58.4% |
| Taxes, remuneration and social security | 45 | - | €19,648 | +€19,648 | |
| Taxes | 450/3 | - | €19,648 | +€19,648 | |
| Other amounts payable | 47/48 | €4,506 | €0 | -€4,506 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €77 | +€77 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | €682 | +€672 | +6608.1% |
| Gross operating margin | 9900 | -€3,336 | €79,839 | +€83,175 | |
| Operating profit (loss) | 9901 | -€3,346 | €79,156 | +€82,503 | |
| Financial income | 75/76B | - | €272 | +€272 | |
| Recurring financial income | 75 | - | €272 | +€272 | |
| Financial charges | 65/66B | - | €1,543 | +€1,543 | |
| Recurring financial charges | 65 | - | €1,543 | +€1,543 | |
| Profit (loss) for the period before taxes | 9903 | -€3,346 | €77,885 | +€81,232 | |
| Income taxes | 67/77 | - | €16,298 | +€16,298 | |
| Profit (loss) for the period | 9904 | -€3,346 | €61,587 | +€64,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,346 | €61,587 | +€64,933 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.