Tuscan Management: 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.
Tuscan Management
Largest movements
- Cash +€5,016
up €5,016 (+29.0%), from €17,321 to €22,337
mainly Net result for the year (+€6,480) and Trade debts (+€3,992)
- Receivables within one year +€3,100
up €3,100 (+310.0%), from €1,000 to €4,100
of which Other amounts receivable: +€4,100
- Tangible fixed assets +€1,810
up €1,810 (+146.8%), from €1,233 to €3,044
- Reserves +€6,000
up €6,000 (+85.7%), from €7,000 to €13,000
- Trade debts +€3,992
up €3,992 (+128.5%), from €3,107 to €7,099
- Other debts -€516
no longer reported in 2025 (was €516)
- Profit (loss) carried forward +€480
up €480 (+9.9%), from €4,845 to €5,325
- Taxes +€3,088
up €3,088 (+77.2%), from €4,000 to €7,088
- Gross operating margin -€2,023
down €2,023 (-12.5%), from €16,212 to €14,190
- Depreciation +€358
up €358 (+222.4%), from €161 to €519
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 | €19,555 | €29,481 | +€9,926 | +50.8% |
| Fixed assets | 21/28 | €1,234 | €3,045 | +€1,810 | +146.7% |
| Tangible fixed assets | 22/27 | €1,233 | €3,044 | +€1,810 | +146.8% |
| Furniture and vehicles | 24 | €1,233 | €3,044 | +€1,810 | +146.8% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €18,321 | €26,437 | +€8,116 | +44.3% |
| Amounts receivable within one year | 40/41 | €1,000 | €4,100 | +€3,100 | +310.0% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | - | €4,100 | +€4,100 | |
| Cash at bank and in hand | 54/58 | €17,321 | €22,337 | +€5,016 | +29.0% |
| Total equity and liabilities | 10/49 | €19,555 | €29,481 | +€9,926 | +50.8% |
| Equity | 10/15 | €13,845 | €20,325 | +€6,480 | +46.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,000 | €13,000 | +€6,000 | +85.7% |
| Distributable reserves | 133 | €7,000 | €13,000 | +€6,000 | +85.7% |
| Profit (loss) carried forward | 14 | €4,845 | €5,325 | +€480 | +9.9% |
| Amounts payable | 17/49 | €5,710 | €9,157 | +€3,447 | +60.4% |
| Amounts payable within one year | 42/48 | €5,710 | €9,157 | +€3,447 | +60.4% |
| Trade debts | 44 | €3,107 | €7,099 | +€3,992 | +128.5% |
| Suppliers | 440/4 | €3,107 | €7,099 | +€3,992 | +128.5% |
| Taxes, remuneration and social security | 45 | €2,087 | €2,058 | -€29 | -1.4% |
| Taxes | 450/3 | €2,087 | €2,058 | -€29 | -1.4% |
| Other amounts payable | 47/48 | €516 | - | -€516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161 | €519 | +€358 | +222.4% |
| Gross operating margin | 9900 | €16,212 | €14,190 | -€2,023 | -12.5% |
| Operating profit (loss) | 9901 | €16,052 | €13,671 | -€2,381 | -14.8% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €207 | €112 | -€94 | -45.7% |
| Recurring financial charges | 65 | €207 | €112 | -€94 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €15,845 | €13,568 | -€2,277 | -14.4% |
| Income taxes | 67/77 | €4,000 | €7,088 | +€3,088 | +77.2% |
| Profit (loss) for the period | 9904 | €11,845 | €6,480 | -€5,365 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,845 | €6,480 | -€5,365 | -45.3% |
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 7 October 2026 via checked.be.