TUNSTALL: 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.
What changed
TUNSTALL
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€36,269
2024 · €62,990-€99,259
Equity
€2.0m
2024 · €2.0m-€36,269
Cash
€121,115
2024 · €101,582+€19,534
Balance sheet total
€2.1m
2024 · €2.4m-€343,351
Largest movements
Assets
- Receivables within one year -€224,031
down €224,031 (-42.7%), from €525,016 to €300,985
of which Trade receivables: -€199,031
- Receivables after one year -€138,295
down €138,295 (-7.7%), from €1.8m to €1.6m
Equity and liabilities
- Trade debts -€275,222
down €275,222 (-79.0%), from €348,462 to €73,240
- Profit (loss) carried forward -€36,269
down €36,269 (-2.0%), from €1.8m to €1.8m
- Tax, wage and social debts -€31,879
down €31,879 (-47.2%), from €67,571 to €35,692
of which Taxes: -€32,273
Income statement
- Services and other goods +€96,097
up €96,097 (+22.9%), from €418,954 to €515,051
- Goods and materials +€76,486
up €76,486 (+6.2%), from €1.2m to €1.3m
- Turnover +€50,461
up €50,461 (+2.8%), from €1.8m to €1.8m
- Taxes -€25,411
down €25,411, from €24,371 to -€1,040
of which Taxes: -€24,367
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
€62,990
Turnover
+€50,461
Goods and materials
-€76,486
Services and other goods
-€96,097
Staff costs
-€2,673
Depreciation
+€508
Other operating charges
-€1,546
Financial income
+€622
Financial charges
+€540
Taxes
+€25,411
Result 2025
-€36,269
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
+€19,541
Investment
-€7
Financing
€0
Cash 2024
€101,582
From operations (derived)
+€19,541
Net result for the year
-€36,269
Depreciation
+€736
Receivables after one year
+€138,295
Receivables within one year
+€224,031
Smaller working-capital items
-€151
Trade debts
-€275,222
Tax, wage and social debts
-€31,879
Investment (derived)
-€7
Current investments
-€7
Cash 2025
€121,115
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,447,520 | €2,104,169 | -€343,351 | -14.0% |
| Fixed assets | 21/28 | €24,276 | €23,540 | -€736 | -3.0% |
| Tangible fixed assets | 22/27 | €736 | - | -€736 | |
| Furniture and vehicles | 24 | €267 | - | -€267 | |
| Other tangible fixed assets | 26 | €469 | - | -€469 | |
| Financial fixed assets | 28 | €23,540 | €23,540 | = | 0.0% |
| Other financial fixed assets | 284/8 | €23,540 | €23,540 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €23,540 | €23,540 | = | 0.0% |
| Current assets | 29/58 | €2,423,244 | €2,080,629 | -€342,614 | -14.1% |
| Amounts receivable after more than one year | 29 | €1,785,270 | €1,646,975 | -€138,295 | -7.7% |
| Other amounts receivable | 291 | €1,785,270 | €1,646,975 | -€138,295 | -7.7% |
| Amounts receivable within one year | 40/41 | €525,016 | €300,985 | -€224,031 | -42.7% |
| Trade receivables | 40 | €500,016 | €300,985 | -€199,031 | -39.8% |
| Other amounts receivable | 41 | €25,000 | €0 | -€25,000 | -100.0% |
| Current investments | 50/53 | €4,303 | €4,310 | +€7 | +0.2% |
| Other investments | 51/53 | €4,303 | €4,310 | +€7 | +0.2% |
| Cash at bank and in hand | 54/58 | €101,582 | €121,115 | +€19,534 | +19.2% |
| Deferred charges and accrued income | 490/1 | €7,074 | €7,244 | +€171 | +2.4% |
| Total equity and liabilities | 10/49 | €2,447,520 | €2,104,169 | -€343,351 | -14.0% |
| Equity | 10/15 | €2,030,854 | €1,994,585 | -€36,269 | -1.8% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,832,854 | €1,796,585 | -€36,269 | -2.0% |
| Amounts payable | 17/49 | €416,666 | €109,584 | -€307,081 | -73.7% |
| Amounts payable within one year | 42/48 | €416,033 | €108,932 | -€307,101 | -73.8% |
| Trade debts | 44 | €348,462 | €73,240 | -€275,222 | -79.0% |
| Suppliers | 440/4 | €348,462 | €73,240 | -€275,222 | -79.0% |
| Taxes, remuneration and social security | 45 | €67,571 | €35,692 | -€31,879 | -47.2% |
| Taxes | 450/3 | €56,075 | €23,803 | -€32,273 | -57.6% |
| Remuneration and social security | 454/9 | €11,496 | €11,889 | +€393 | +3.4% |
| Accrued charges and deferred income | 492/3 | €633 | €653 | +€20 | +3.2% |
| Operating income | 70/76A | €1,783,738 | €1,834,198 | +€50,461 | +2.8% |
| Turnover | 70 | €1,783,738 | €1,834,198 | +€50,461 | +2.8% |
| Operating charges | 60/66A | €1,724,137 | €1,900,430 | +€176,294 | +10.2% |
| Goods for resale, raw materials and consumables | 60 | €1,225,086 | €1,301,572 | +€76,486 | +6.2% |
| Purchases | 600/8 | €1,225,086 | €1,301,572 | +€76,486 | +6.2% |
| Services and other goods | 61 | €418,954 | €515,051 | +€96,097 | +22.9% |
| Remuneration, social security and pensions | 62 | €76,850 | €79,523 | +€2,673 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,245 | €736 | -€508 | -40.8% |
| Other operating charges | 640/8 | €2,003 | €3,548 | +€1,546 | +77.2% |
| Operating profit (loss) | 9901 | €59,601 | -€66,232 | -€125,833 | |
| Financial income | 75/76B | €31,099 | €31,721 | +€622 | +2.0% |
| Recurring financial income | 75 | €31,099 | €31,721 | +€622 | +2.0% |
| Income from current assets | 751 | €31,094 | €31,720 | +€626 | +2.0% |
| Other financial income | 752/9 | €4 | €1 | -€4 | -84.2% |
| Financial charges | 65/66B | €3,339 | €2,799 | -€540 | -16.2% |
| Recurring financial charges | 65 | €3,339 | €2,799 | -€540 | -16.2% |
| Other financial charges | 652/9 | €3,339 | €2,799 | -€540 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €87,361 | -€37,310 | -€124,671 | |
| Income taxes | 67/77 | €24,371 | -€1,040 | -€25,411 | |
| Taxes | 670/3 | €24,371 | €5 | -€24,367 | -100.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,045 | +€1,045 | |
| Profit (loss) for the period | 9904 | €62,990 | -€36,269 | -€99,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,990 | -€36,269 | -€99,259 |
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 5 October 2026 via checked.be.