TUNITAS: 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.
TUNITAS
Largest movements
- Tangible fixed assets +€232,391
up €232,391 (+111.7%), from €207,988 to €440,379
of which Land and buildings: +€232,780
- Cash -€23,194
down €23,194 (-73.5%), from €31,547 to €8,353
mainly Investment in fixed assets (net) (-€284,301) and Receivables within one year (-€18,014)
- Receivables within one year +€18,014
up €18,014 (+93.8%), from €19,199 to €37,213
of which Trade receivables: +€13,552
- Current portion of long-term debt +€223,574
up €223,574 (+2013.7%), from €11,103 to €234,677
- Other debts +€29,277
up €29,277 (+76.8%), from €38,102 to €67,379
- Debts after one year -€11,477
down €11,477 (-7.8%), from €147,248 to €135,771
- Trade debts -€4,986
down €4,986 (-44.9%), from €11,117 to €6,131
- Depreciation +€37,153
up €37,153 (+251.8%), from €14,758 to €51,910
- Gross operating margin +€20,710
up €20,710 (+53.7%), from €38,560 to €59,270
- Taxes -€4,276
down €4,276 (-75.5%), from €5,660 to €1,384
- Other operating charges -€1,192
down €1,192 (-59.0%), from €2,021 to €829
- Financial charges +€873
up €873 (+16.0%), from €5,462 to €6,335
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 | €260,640 | €488,255 | +€227,615 | +87.3% |
| Fixed assets | 21/28 | €209,459 | €441,849 | +€232,391 | +110.9% |
| Tangible fixed assets | 22/27 | €207,988 | €440,379 | +€232,391 | +111.7% |
| Land and buildings | 22 | €200,643 | €433,423 | +€232,780 | +116.0% |
| Plant, machinery and equipment | 23 | €6,354 | €5,620 | -€734 | -11.6% |
| Furniture and vehicles | 24 | €991 | €1,336 | +€345 | +34.8% |
| Financial fixed assets | 28 | €1,471 | €1,471 | = | 0.0% |
| Current assets | 29/58 | €51,181 | €46,406 | -€4,776 | -9.3% |
| Amounts receivable within one year | 40/41 | €19,199 | €37,213 | +€18,014 | +93.8% |
| Trade receivables | 40 | €12,705 | €26,257 | +€13,552 | +106.7% |
| Other amounts receivable | 41 | €6,494 | €10,956 | +€4,462 | +68.7% |
| Cash at bank and in hand | 54/58 | €31,547 | €8,353 | -€23,194 | -73.5% |
| Deferred charges and accrued income | 490/1 | €435 | €839 | +€404 | +92.9% |
| Total equity and liabilities | 10/49 | €260,640 | €488,255 | +€227,615 | +87.3% |
| Equity | 10/15 | €32,965 | €31,777 | -€1,188 | -3.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €19,800 | €19,800 | = | 0.0% |
| Distributable reserves | 133 | €19,800 | €19,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,665 | €9,477 | -€1,188 | -11.1% |
| Amounts payable | 17/49 | €227,675 | €456,478 | +€228,803 | +100.5% |
| Amounts payable after more than one year | 17 | €147,248 | €135,771 | -€11,477 | -7.8% |
| Financial debts | 170/4 | €147,248 | €135,771 | -€11,477 | -7.8% |
| Amounts payable within one year | 42/48 | €75,927 | €320,707 | +€244,780 | +322.4% |
| Current portion of amounts payable after more than one year | 42 | €11,103 | €234,677 | +€223,574 | +2013.7% |
| Financial debts | 43 | €2,731 | €219 | -€2,512 | -92.0% |
| Credit institutions | 430/8 | - | €219 | +€219 | |
| Other loans | 439 | €2,731 | €0 | -€2,731 | -100.0% |
| Trade debts | 44 | €11,117 | €6,131 | -€4,986 | -44.9% |
| Suppliers | 440/4 | €11,117 | €6,131 | -€4,986 | -44.9% |
| Taxes, remuneration and social security | 45 | €12,873 | €12,302 | -€572 | -4.4% |
| Taxes | 450/3 | €10,873 | €10,302 | -€572 | -5.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €38,102 | €67,379 | +€29,277 | +76.8% |
| Accrued charges and deferred income | 492/3 | €4,500 | €0 | -€4,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,758 | €51,910 | +€37,153 | +251.8% |
| Other operating charges | 640/8 | €2,021 | €829 | -€1,192 | -59.0% |
| Gross operating margin | 9900 | €38,560 | €59,270 | +€20,710 | +53.7% |
| Operating profit (loss) | 9901 | €21,782 | €6,531 | -€15,251 | -70.0% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.8% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.8% |
| Financial charges | 65/66B | €5,462 | €6,335 | +€873 | +16.0% |
| Recurring financial charges | 65 | €5,462 | €6,335 | +€873 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €16,324 | €196 | -€16,128 | -98.8% |
| Income taxes | 67/77 | €5,660 | €1,384 | -€4,276 | -75.5% |
| Profit (loss) for the period | 9904 | €10,665 | -€1,188 | -€11,853 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,665 | -€1,188 | -€11,853 |
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 8 October 2026 via checked.be.