TUNA: 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.
What changed
TUNA
NACE 46.331, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€124,277
2024 · €56,620-€180,897
Equity
€5,075
2024 · €129,352-€124,277
Cash
€41,148
2024 · €35,668+€5,480
Balance sheet total
€1.2m
2024 · €657,370+€501,699
Largest movements
Assets
- Tangible fixed assets +€353,462
up €353,462 (+2317.5%), from €15,252 to €368,714
of which Land and buildings: +€346,101
- Receivables within one year +€213,738
up €213,738 (+60.7%), from €352,354 to €566,092
of which Trade receivables: +€159,192
- Stocks and contracts -€71,338
down €71,338 (-28.5%), from €250,317 to €178,979
Equity and liabilities
- Trade debts +€439,459
up €439,459 (+90.6%), from €485,060 to €924,519
- Debts after one year +€173,737
up €173,737 (+7862.4%), from €2,210 to €175,947
- Profit (loss) carried forward -€124,277
down €124,277, from €55,930 to -€68,346
Income statement
- Turnover -€3.0m
no longer reported in 2025 (was €3.0m)
- Purchases and services -€2.9m
no longer reported in 2025 (was €2.9m)
- Gross operating margin -€150,551
down €150,551, from €96,931 to -€53,620
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.
Result 2024
€56,620
Gross operating margin
-€150,551
Depreciation
+€1,288
Write-downs
-€17,661
Other operating charges
-€6,901
Other operating items
-€22,353
Financial income
+€317
Financial charges
-€7,513
Taxes
+€22,478
Result 2025
-€124,277
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.
From operations
+€185,661
Investment
-€363,808
Financing
+€183,627
Cash 2024
€35,668
From operations (derived)
+€185,661
Net result for the year
-€124,277
Depreciation
+€10,346
Stocks and contracts
+€71,338
Receivables within one year
-€213,738
Smaller working-capital items
-€553
Trade debts
+€439,459
Advances received
-€3,762
Other debts
+€6,849
Investment (derived)
-€363,808
Investment in fixed assets (net)
-€363,808
Financing
+€183,627
Debts after one year
+€173,737
Current portion of long-term debt
+€9,890
Cash 2025
€41,148
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,370 | €1,159,069 | +€501,699 | +76.3% |
| Fixed assets | 21/28 | €15,302 | €368,764 | +€353,462 | +2309.9% |
| Tangible fixed assets | 22/27 | €15,252 | €368,714 | +€353,462 | +2317.5% |
| Land and buildings | 22 | - | €346,101 | +€346,101 | |
| Plant, machinery and equipment | 23 | €1,170 | €4,003 | +€2,833 | +242.1% |
| Furniture and vehicles | 24 | €10,240 | €15,299 | +€5,059 | +49.4% |
| Other tangible fixed assets | 26 | €3,842 | €3,312 | -€530 | -13.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €642,068 | €790,305 | +€148,237 | +23.1% |
| Stocks and contracts in progress | 3 | €250,317 | €178,979 | -€71,338 | -28.5% |
| Stocks | 30/36 | €250,317 | €178,979 | -€71,338 | -28.5% |
| Amounts receivable within one year | 40/41 | €352,354 | €566,092 | +€213,738 | +60.7% |
| Trade receivables | 40 | €324,836 | €484,028 | +€159,192 | +49.0% |
| Other amounts receivable | 41 | €27,517 | €82,063 | +€54,546 | +198.2% |
| Cash at bank and in hand | 54/58 | €35,668 | €41,148 | +€5,480 | +15.4% |
| Deferred charges and accrued income | 490/1 | €3,730 | €4,086 | +€357 | +9.6% |
| Total equity and liabilities | 10/49 | €657,370 | €1,159,069 | +€501,699 | +76.3% |
| Equity | 10/15 | €129,352 | €5,075 | -€124,277 | -96.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €67,225 | €67,225 | = | 0.0% |
| Distributable reserves | 133 | €67,225 | €67,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,930 | -€68,346 | -€124,277 | |
| Amounts payable | 17/49 | €528,017 | €1,153,993 | +€625,976 | +118.6% |
| Amounts payable after more than one year | 17 | €2,210 | €175,947 | +€173,737 | +7862.4% |
| Financial debts | 170/4 | €2,210 | €175,947 | +€173,737 | +7862.4% |
| Amounts payable within one year | 42/48 | €525,808 | €977,924 | +€452,117 | +86.0% |
| Current portion of amounts payable after more than one year | 42 | €11,165 | €21,055 | +€9,890 | +88.6% |
| Trade debts | 44 | €485,060 | €924,519 | +€439,459 | +90.6% |
| Suppliers | 440/4 | €485,060 | €924,519 | +€439,459 | +90.6% |
| Advances received on contracts in progress | 46 | €3,762 | €0 | -€3,762 | -100.0% |
| Taxes, remuneration and social security | 45 | €24,992 | €24,673 | -€319 | -1.3% |
| Taxes | 450/3 | €21,492 | €21,173 | -€319 | -1.5% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €829 | €7,678 | +€6,849 | +825.9% |
| Accrued charges and deferred income | 492/3 | - | €122 | +€122 | |
| Turnover | 70 | €3,000,145 | - | -€3.0m | |
| Non-recurring operating income | 76A | €0 | €26,363 | +€26,363 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,916,987 | - | -€2.9m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,633 | €10,346 | -€1,288 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,661 | +€17,661 | |
| Other operating charges | 640/8 | €5,309 | €12,211 | +€6,901 | +130.0% |
| Non-recurring operating charges | 66A | - | €22,353 | +€22,353 | |
| Gross operating margin | 9900 | €96,931 | -€53,620 | -€150,551 | |
| Operating profit (loss) | 9901 | €79,988 | -€116,190 | -€196,179 | |
| Financial income | 75/76B | - | €317 | +€317 | |
| Recurring financial income | 75 | - | €317 | +€317 | |
| Financial charges | 65/66B | €696 | €8,209 | +€7,513 | +1080.0% |
| Recurring financial charges | 65 | €696 | €8,209 | +€7,513 | +1080.0% |
| Profit (loss) for the period before taxes | 9903 | €79,293 | -€124,082 | -€203,375 | |
| Income taxes | 67/77 | €22,673 | €195 | -€22,478 | -99.1% |
| Profit (loss) for the period | 9904 | €56,620 | -€124,277 | -€180,897 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,620 | -€124,277 | -€180,897 |
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 10 October 2026 via checked.be.