TÜNDO-MANAGEMENT: 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.
TÜNDO-MANAGEMENT
Largest movements
- Receivables within one year -€96,341
down €96,341 (-51.8%), from €185,821 to €89,480
of which Trade receivables: -€135,706
- Cash +€46,284
up €46,284 (+40.7%), from €113,765 to €160,049
mainly Receivables within one year (+€96,341) and Net result for the year (+€68,606)
- Tangible fixed assets -€27,612
down €27,612 (-19.6%), from €140,544 to €112,932
of which Furniture and vehicles: -€23,457
- Trade debts -€125,414
down €125,414 (-52.6%), from €238,555 to €113,140
- Profit (loss) carried forward +€68,606
up €68,606, from -€8,970 to €59,636
- Other debts -€10,301
no longer reported in 2025 (was €10,301)
- Tax, wage and social debts -€9,835
down €9,835 (-8.7%), from €112,752 to €102,918
of which Remuneration and social security: -€33,325
- Gross operating margin +€107,137
up €107,137 (+32.8%), from €326,874 to €434,010
- Staff costs -€47,806
down €47,806 (-15.0%), from €319,452 to €271,646
- Taxes +€35,257
up €35,257, from -€1,066 to €34,191
- Financial charges +€8,548
up €8,548 (+96.1%), from €8,899 to €17,447
- Depreciation -€4,959
down €4,959 (-12.7%), from €38,924 to €33,964
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 | €473,818 | €394,768 | -€79,050 | -16.7% |
| Fixed assets | 21/28 | €148,629 | €121,017 | -€27,612 | -18.6% |
| Tangible fixed assets | 22/27 | €140,544 | €112,932 | -€27,612 | -19.6% |
| Plant, machinery and equipment | 23 | €28,794 | €25,239 | -€3,555 | -12.3% |
| Furniture and vehicles | 24 | €108,750 | €85,293 | -€23,457 | -21.6% |
| Other tangible fixed assets | 26 | €3,000 | €2,400 | -€600 | -20.0% |
| Financial fixed assets | 28 | €8,085 | €8,085 | = | 0.0% |
| Current assets | 29/58 | €325,189 | €273,751 | -€51,439 | -15.8% |
| Stocks and contracts in progress | 3 | €25,433 | €24,031 | -€1,402 | -5.5% |
| Stocks | 30/36 | €25,433 | €24,031 | -€1,402 | -5.5% |
| Amounts receivable within one year | 40/41 | €185,821 | €89,480 | -€96,341 | -51.8% |
| Trade receivables | 40 | €142,043 | €6,337 | -€135,706 | -95.5% |
| Other amounts receivable | 41 | €43,778 | €83,143 | +€39,366 | +89.9% |
| Cash at bank and in hand | 54/58 | €113,765 | €160,049 | +€46,284 | +40.7% |
| Deferred charges and accrued income | 490/1 | €170 | €190 | +€20 | +11.8% |
| Total equity and liabilities | 10/49 | €473,818 | €394,768 | -€79,050 | -16.7% |
| Equity | 10/15 | €11,490 | €80,096 | +€68,606 | +597.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,970 | €59,636 | +€68,606 | |
| Amounts payable | 17/49 | €462,329 | €314,672 | -€147,656 | -31.9% |
| Amounts payable after more than one year | 17 | €97,125 | €97,125 | = | 0.0% |
| Other amounts payable | 178/9 | €97,125 | €97,125 | = | 0.0% |
| Amounts payable within one year | 42/48 | €365,204 | €217,547 | -€147,656 | -40.4% |
| Financial debts | 43 | €3,595 | €1,489 | -€2,106 | -58.6% |
| Credit institutions | 430/8 | €4 | - | -€4 | |
| Other loans | 439 | €3,591 | €1,489 | -€2,102 | -58.5% |
| Trade debts | 44 | €238,555 | €113,140 | -€125,414 | -52.6% |
| Suppliers | 440/4 | €238,555 | €113,140 | -€125,414 | -52.6% |
| Taxes, remuneration and social security | 45 | €112,752 | €102,918 | -€9,835 | -8.7% |
| Taxes | 450/3 | €47,737 | €71,227 | +€23,490 | +49.2% |
| Remuneration and social security | 454/9 | €65,016 | €31,691 | -€33,325 | -51.3% |
| Other amounts payable | 47/48 | €10,301 | - | -€10,301 | |
| Non-recurring operating income | 76A | €11,710 | €17,103 | +€5,393 | +46.1% |
| Remuneration, social security and pensions | 62 | €319,452 | €271,646 | -€47,806 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,924 | €33,964 | -€4,959 | -12.7% |
| Other operating charges | 640/8 | €8,955 | €5,940 | -€3,015 | -33.7% |
| Non-recurring operating charges | 66A | €2,500 | €2,326 | -€174 | -7.0% |
| Gross operating margin | 9900 | €326,874 | €434,010 | +€107,137 | +32.8% |
| Operating profit (loss) | 9901 | -€42,957 | €120,135 | +€163,092 | |
| Financial income | 75/76B | €29 | €109 | +€80 | +278.5% |
| Recurring financial income | 75 | €29 | €109 | +€80 | +278.5% |
| Financial charges | 65/66B | €8,899 | €17,447 | +€8,548 | +96.1% |
| Recurring financial charges | 65 | €8,899 | €17,447 | +€8,548 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | -€51,827 | €102,797 | +€154,624 | |
| Income taxes | 67/77 | -€1,066 | €34,191 | +€35,257 | |
| Profit (loss) for the period | 9904 | -€50,761 | €68,606 | +€119,367 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,761 | €68,606 | +€119,367 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.