TUNDRAZ: 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.
TUNDRAZ
Largest movements
- Cash +€119,913
up €119,913 (+26.1%), from €458,593 to €578,507
mainly Net result for the year (+€124,310) and Other debts (+€16,426)
- Reserves +€124,310
up €124,310 (+20.3%), from €612,193 to €736,502
of which Tax-exempt reserves: +€67,360
- Accrued charges and deferred income -€16,848
down €16,848 (-100.0%), from €16,848 to €0
- Other debts +€16,426
up €16,426 (+15.2%), from €108,289 to €124,716
- Gross operating margin -€43,197
down €43,197 (-19.6%), from €220,494 to €177,297
- Financial charges +€31,338
up €31,338, from -€23,342 to €7,996
- Taxes -€13,271
down €13,271 (-21.8%), from €60,942 to €47,671
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 | €775,739 | €896,714 | +€120,976 | +15.6% |
| Fixed assets | 21/28 | €28,853 | €24,387 | -€4,466 | -15.5% |
| Tangible fixed assets | 22/27 | €28,853 | €24,387 | -€4,466 | -15.5% |
| Plant, machinery and equipment | 23 | €1,239 | €851 | -€387 | -31.3% |
| Furniture and vehicles | 24 | €7,723 | €6,288 | -€1,435 | -18.6% |
| Other tangible fixed assets | 26 | €19,891 | €17,248 | -€2,643 | -13.3% |
| Current assets | 29/58 | €746,886 | €872,328 | +€125,442 | +16.8% |
| Amounts receivable within one year | 40/41 | €26,777 | €28,423 | +€1,647 | +6.1% |
| Trade receivables | 40 | €24,574 | €24,200 | -€374 | -1.5% |
| Other amounts receivable | 41 | €2,203 | €4,223 | +€2,020 | +91.7% |
| Current investments | 50/53 | €253,806 | €253,806 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €458,593 | €578,507 | +€119,913 | +26.1% |
| Deferred charges and accrued income | 490/1 | €7,710 | €11,592 | +€3,882 | +50.4% |
| Total equity and liabilities | 10/49 | €775,739 | €896,714 | +€120,976 | +15.6% |
| Equity | 10/15 | €630,793 | €755,102 | +€124,310 | +19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €612,193 | €736,502 | +€124,310 | +20.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €151,560 | €218,920 | +€67,360 | +44.4% |
| Distributable reserves | 133 | €460,633 | €517,582 | +€56,950 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €144,946 | €141,612 | -€3,334 | -2.3% |
| Amounts payable within one year | 42/48 | €128,098 | €141,612 | +€13,514 | +10.5% |
| Trade debts | 44 | €3,484 | €1,227 | -€2,257 | -64.8% |
| Suppliers | 440/4 | €3,484 | €1,227 | -€2,257 | -64.8% |
| Taxes, remuneration and social security | 45 | €16,325 | €15,669 | -€656 | -4.0% |
| Taxes | 450/3 | €16,325 | €15,669 | -€656 | -4.0% |
| Other amounts payable | 47/48 | €108,289 | €124,716 | +€16,426 | +15.2% |
| Accrued charges and deferred income | 492/3 | €16,848 | €0 | -€16,848 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,199 | €5,099 | +€900 | +21.4% |
| Other operating charges | 640/8 | €2,499 | €2,297 | -€202 | -8.1% |
| Gross operating margin | 9900 | €220,494 | €177,297 | -€43,197 | -19.6% |
| Operating profit (loss) | 9901 | €213,795 | €169,901 | -€43,895 | -20.5% |
| Financial income | 75/76B | €9,616 | €10,076 | +€460 | +4.8% |
| Recurring financial income | 75 | €9,616 | €10,076 | +€460 | +4.8% |
| Financial charges | 65/66B | -€23,342 | €7,996 | +€31,338 | |
| Recurring financial charges | 65 | -€23,342 | €7,996 | +€31,338 | |
| Profit (loss) for the period before taxes | 9903 | €246,753 | €171,981 | -€74,773 | -30.3% |
| Income taxes | 67/77 | €60,942 | €47,671 | -€13,271 | -21.8% |
| Profit (loss) for the period | 9904 | €185,812 | €124,310 | -€61,502 | -33.1% |
| Transfer to tax-exempt reserves | 689 | - | €67,360 | +€67,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €185,812 | €56,950 | -€128,862 | -69.4% |
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 8 October 2026 via checked.be.