Tuph Management: 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.
Tuph Management
Largest movements
- Receivables within one year +€56,859
up €56,859 (+34.6%), from €164,182 to €221,042
of which Trade receivables: +€50,000
- Tangible fixed assets -€53,806
down €53,806 (-18.5%), from €291,614 to €237,808
of which Furniture and vehicles: -€61,578
- Deferred charges and accrued income +€15,021
up €15,021 (+161%), from €9,317 to €24,338
- Stocks and contracts -€10,870
down €10,870 (-8.6%), from €126,649 to €115,779
- Profit (loss) carried forward -€133,525
down €133,525 (-136%), from -€97,944 to -€231,469
- Debts after one year +€63,791
up €63,791 (+9.7%), from €659,862 to €723,653
- Accrued charges and deferred income +€50,011
up €50,011, from €0 to €50,011
- Other debts +€49,843
new in 2025: €49,843
- Tax, wage and social debts -€38,979
down €38,979 (-99.2%), from €39,294 to €315
- Financial charges -€7,187
down €7,187 (-38.4%), from €18,713 to €11,526
- Financial income +€6,204
up €6,204 (+129%), from €4,822 to €11,026
- Gross operating margin +€6,038
up €6,038 (+10.7%), from -€56,225 to -€50,187
- Other operating charges -€969
down €969 (-21.9%), from €4,423 to €3,453
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 | €675,275 | €684,215 | +€8,940 | +1.3% |
| Fixed assets | 21/28 | €371,944 | €318,138 | -€53,806 | -14.5% |
| Tangible fixed assets | 22/27 | €291,614 | €237,808 | -€53,806 | -18.5% |
| Land and buildings | 22 | €182,055 | €193,798 | +€11,742 | +6.4% |
| Plant, machinery and equipment | 23 | €2,533 | €2,277 | -€256 | -10.1% |
| Furniture and vehicles | 24 | €102,962 | €41,384 | -€61,578 | -59.8% |
| Other tangible fixed assets | 26 | €4,063 | €350 | -€3,714 | -91.4% |
| Financial fixed assets | 28 | €80,330 | €80,330 | = | 0.0% |
| Current assets | 29/58 | €303,331 | €366,077 | +€62,746 | +20.7% |
| Stocks and contracts in progress | 3 | €126,649 | €115,779 | -€10,870 | -8.6% |
| Stocks | 30/36 | €126,649 | €115,779 | -€10,870 | -8.6% |
| Amounts receivable within one year | 40/41 | €164,182 | €221,042 | +€56,859 | +34.6% |
| Trade receivables | 40 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €164,182 | €171,042 | +€6,859 | +4.2% |
| Cash at bank and in hand | 54/58 | €3,184 | €4,919 | +€1,735 | +54.5% |
| Deferred charges and accrued income | 490/1 | €9,317 | €24,338 | +€15,021 | +161% |
| Total equity and liabilities | 10/49 | €675,275 | €684,215 | +€8,940 | +1.3% |
| Equity | 10/15 | -€42,921 | -€176,446 | -€133,525 | -311% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,423 | €36,423 | = | 0.0% |
| Distributable reserves | 133 | €36,423 | €36,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,944 | -€231,469 | -€133,525 | -136% |
| Amounts payable | 17/49 | €718,196 | €860,661 | +€142,465 | +19.8% |
| Amounts payable after more than one year | 17 | €659,862 | €723,653 | +€63,791 | +9.7% |
| Financial debts | 170/4 | €659,862 | €723,653 | +€63,791 | +9.7% |
| Amounts payable within one year | 42/48 | €58,334 | €86,997 | +€28,663 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €9,099 | €9,264 | +€165 | +1.8% |
| Trade debts | 44 | €9,941 | €27,575 | +€17,634 | +177% |
| Suppliers | 440/4 | €9,941 | €27,575 | +€17,634 | +177% |
| Taxes, remuneration and social security | 45 | €39,294 | €315 | -€38,979 | -99.2% |
| Taxes | 450/3 | €39,294 | €315 | -€38,979 | -99.2% |
| Other amounts payable | 47/48 | - | €49,843 | +€49,843 | |
| Accrued charges and deferred income | 492/3 | €0 | €50,011 | +€50,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,156 | €78,212 | +€57 | +0.1% |
| Other operating charges | 640/8 | €4,423 | €3,453 | -€969 | -21.9% |
| Non-recurring operating charges | 66A | €132 | €1,042 | +€910 | +689% |
| Gross operating margin | 9900 | -€56,225 | -€50,187 | +€6,038 | +10.7% |
| Operating profit (loss) | 9901 | -€138,935 | -€132,894 | +€6,041 | +4.3% |
| Financial income | 75/76B | €4,822 | €11,026 | +€6,204 | +129% |
| Recurring financial income | 75 | €4,822 | €11,026 | +€6,204 | +129% |
| Financial charges | 65/66B | €18,713 | €11,526 | -€7,187 | -38.4% |
| Recurring financial charges | 65 | €18,713 | €11,526 | -€7,187 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€152,827 | -€133,395 | +€19,432 | +12.7% |
| Income taxes | 67/77 | €131 | €130 | -€1 | -0.7% |
| Profit (loss) for the period | 9904 | -€152,958 | -€133,525 | +€19,433 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,958 | -€133,525 | +€19,433 | +12.7% |
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 28 October 2026 via checked.be.