@TUNE: 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.
@TUNE
Largest movements
- Cash -€96,213
down €96,213 (-73.5%), from €130,951 to €34,738
mainly Receivables within one year (-€75,406) and Net result for the year (-€30,156)
- Receivables within one year +€75,406
up €75,406 (+259%), from €29,066 to €104,472
of which Trade receivables: +€42,754
- Tangible fixed assets -€10,846
down €10,846 (-69.7%), from €15,571 to €4,725
of which Leasing and similar rights: -€8,948
- Reserves -€30,156
down €30,156 (-41.5%), from €72,608 to €42,452
- Debts after one year -€7,801
down €7,801 (-100%), from €7,801 to €0
- Tax, wage and social debts +€6,584
up €6,584 (+10.0%), from €66,000 to €72,585
of which Remuneration and social security: +€4,155
- Trade debts +€2,829
up €2,829 (+377%), from €751 to €3,580
- Other debts -€1,995
down €1,995 (-100%), from €1,995 to €0
- Other operating charges -€44,893
down €44,893 (-95.0%), from €47,238 to €2,345
- Staff costs +€7,217
up €7,217 (+4.7%), from €154,539 to €161,756
- Depreciation -€4,197
down €4,197 (-27.9%), from €15,043 to €10,846
- Financial income +€2,223
up €2,223 (+7,408,767%), from €0 to €2,223
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 | €176,220 | €145,018 | -€31,202 | -17.7% |
| Fixed assets | 21/28 | €15,571 | €4,725 | -€10,846 | -69.7% |
| Tangible fixed assets | 22/27 | €15,571 | €4,725 | -€10,846 | -69.7% |
| Furniture and vehicles | 24 | €1,550 | €621 | -€929 | -59.9% |
| Leasing and similar rights | 25 | €8,948 | €0 | -€8,948 | -100% |
| Other tangible fixed assets | 26 | €5,073 | €4,104 | -€969 | -19.1% |
| Current assets | 29/58 | €160,649 | €140,293 | -€20,356 | -12.7% |
| Amounts receivable within one year | 40/41 | €29,066 | €104,472 | +€75,406 | +259% |
| Trade receivables | 40 | €29,066 | €71,820 | +€42,754 | +147% |
| Other amounts receivable | 41 | - | €32,651 | +€32,651 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €130,951 | €34,738 | -€96,213 | -73.5% |
| Deferred charges and accrued income | 490/1 | €632 | €1,083 | +€451 | +71.4% |
| Total equity and liabilities | 10/49 | €176,220 | €145,018 | -€31,202 | -17.7% |
| Equity | 10/15 | €91,208 | €61,052 | -€30,156 | -33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,608 | €42,452 | -€30,156 | -41.5% |
| Distributable reserves | 133 | €72,608 | €42,452 | -€30,156 | -41.5% |
| Amounts payable | 17/49 | €85,011 | €83,966 | -€1,045 | -1.2% |
| Amounts payable after more than one year | 17 | €7,801 | €0 | -€7,801 | -100% |
| Financial debts | 170/4 | €7,801 | €0 | -€7,801 | -100% |
| Amounts payable within one year | 42/48 | €77,210 | €83,966 | +€6,756 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €8,463 | €7,801 | -€662 | -7.8% |
| Trade debts | 44 | €751 | €3,580 | +€2,829 | +377% |
| Suppliers | 440/4 | €751 | €3,580 | +€2,829 | +377% |
| Taxes, remuneration and social security | 45 | €66,000 | €72,585 | +€6,584 | +10.0% |
| Taxes | 450/3 | €29,089 | €31,518 | +€2,429 | +8.3% |
| Remuneration and social security | 454/9 | €36,911 | €41,066 | +€4,155 | +11.3% |
| Other amounts payable | 47/48 | €1,995 | €0 | -€1,995 | -100% |
| Remuneration, social security and pensions | 62 | €154,539 | €161,756 | +€7,217 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,043 | €10,846 | -€4,197 | -27.9% |
| Other operating charges | 640/8 | €47,238 | €2,345 | -€44,893 | -95.0% |
| Gross operating margin | 9900 | €143,485 | €144,169 | +€684 | +0.5% |
| Operating profit (loss) | 9901 | -€73,335 | -€30,778 | +€42,556 | +58.0% |
| Financial income | 75/76B | €0 | €2,223 | +€2,223 | +7,408,767% |
| Recurring financial income | 75 | €0 | €2,223 | +€2,223 | +7,408,767% |
| Financial charges | 65/66B | €1,509 | €1,287 | -€221 | -14.7% |
| Recurring financial charges | 65 | €1,509 | €1,287 | -€221 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€74,844 | -€29,843 | +€45,001 | +60.1% |
| Income taxes | 67/77 | €229 | €313 | +€85 | +37.1% |
| Profit (loss) for the period | 9904 | -€75,072 | -€30,156 | +€44,916 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,072 | -€30,156 | +€44,916 | +59.8% |
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 15 October 2026 via checked.be.