TUPH REALTY: 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 REALTY
Largest movements
- Receivables within one year -€30,736
down €30,736 (-91.9%), from €33,455 to €2,719
of which Trade receivables: -€29,895
- Tangible fixed assets -€15,931
down €15,931 (-4.8%), from €334,112 to €318,180
of which Land and buildings: -€14,775
- Profit (loss) carried forward -€26,764
down €26,764 (-48.4%), from -€55,326 to -€82,090
- Trade debts -€25,960
down €25,960 (-86.0%), from €30,200 to €4,239
- Debts after one year -€14,166
down €14,166 (-8.1%), from €174,366 to €160,200
- Other debts +€9,451
up €9,451 (+6.1%), from €154,682 to €164,133
- Accrued charges and deferred income +€6,249
up €6,249 (+131%), from €4,776 to €11,026
- Financial charges +€5,864
up €5,864 (+62.6%), from €9,365 to €15,229
- Gross operating margin -€4,232
down €4,232 (-43.4%), from €9,740 to €5,508
- Other operating charges -€766
down €766 (-71.1%), from €1,077 to €311
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 | €402,555 | €351,751 | -€50,805 | -12.6% |
| Formation expenses | 20 | €1,508 | €708 | -€800 | -53.1% |
| Fixed assets | 21/28 | €364,112 | €348,180 | -€15,931 | -4.4% |
| Intangible fixed assets | 21 | €30,000 | €30,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €334,112 | €318,180 | -€15,931 | -4.8% |
| Land and buildings | 22 | €317,100 | €302,324 | -€14,775 | -4.7% |
| Plant, machinery and equipment | 23 | €13,896 | €13,079 | -€816 | -5.9% |
| Furniture and vehicles | 24 | €3,117 | €2,777 | -€340 | -10.9% |
| Current assets | 29/58 | €36,936 | €2,863 | -€34,073 | -92.2% |
| Amounts receivable within one year | 40/41 | €33,455 | €2,719 | -€30,736 | -91.9% |
| Trade receivables | 40 | €32,414 | €2,519 | -€29,895 | -92.2% |
| Other amounts receivable | 41 | €1,041 | €200 | -€841 | -80.8% |
| Cash at bank and in hand | 54/58 | €3,481 | €144 | -€3,337 | -95.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €402,555 | €351,751 | -€50,805 | -12.6% |
| Equity | 10/15 | €24,674 | -€2,090 | -€26,764 | |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,326 | -€82,090 | -€26,764 | -48.4% |
| Amounts payable | 17/49 | €377,882 | €353,841 | -€24,041 | -6.4% |
| Amounts payable after more than one year | 17 | €174,366 | €160,200 | -€14,166 | -8.1% |
| Financial debts | 170/4 | €174,366 | €160,200 | -€14,166 | -8.1% |
| Amounts payable within one year | 42/48 | €198,739 | €182,615 | -€16,124 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €13,858 | €14,166 | +€309 | +2.2% |
| Trade debts | 44 | €30,200 | €4,239 | -€25,960 | -86.0% |
| Suppliers | 440/4 | €30,200 | €4,239 | -€25,960 | -86.0% |
| Taxes, remuneration and social security | 45 | €0 | €77 | +€77 | |
| Taxes | 450/3 | €0 | €77 | +€77 | |
| Other amounts payable | 47/48 | €154,682 | €164,133 | +€9,451 | +6.1% |
| Accrued charges and deferred income | 492/3 | €4,776 | €11,026 | +€6,249 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,675 | €16,731 | +€57 | +0.3% |
| Other operating charges | 640/8 | €1,077 | €311 | -€766 | -71.1% |
| Gross operating margin | 9900 | €9,740 | €5,508 | -€4,232 | -43.4% |
| Operating profit (loss) | 9901 | -€8,012 | -€11,535 | -€3,522 | -44.0% |
| Financial charges | 65/66B | €9,365 | €15,229 | +€5,864 | +62.6% |
| Recurring financial charges | 65 | €9,365 | €15,229 | +€5,864 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,377 | -€26,764 | -€9,387 | -54.0% |
| Profit (loss) for the period | 9904 | -€17,377 | -€26,764 | -€9,387 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,377 | -€26,764 | -€9,387 | -54.0% |
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 25 October 2026 via checked.be.