TUSH: 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.
TUSH
Largest movements
- Tangible fixed assets -€25,027
down €25,027 (-12.5%), from €200,421 to €175,394
of which Other tangible fixed assets: -€14,879
- Debts after one year -€59,798
down €59,798 (-23.9%), from €250,449 to €190,651
of which Financial debts: -€59,798
- Profit (loss) carried forward +€47,852
up €47,852 (+36.9%), from -€129,689 to -€81,837
- Other debts -€20,660
down €20,660 (-63.4%), from €32,595 to €11,935
- Trade debts +€14,739
up €14,739 (+44.1%), from €33,443 to €48,182
- Tax, wage and social debts -€4,788
down €4,788 (-19.8%), from €24,128 to €19,340
of which Taxes: -€6,638
- Gross operating margin +€100,446
up €100,446 (+57.5%), from €174,808 to €275,254
- Staff costs +€23,982
up €23,982 (+16.3%), from €146,978 to €170,961
- Financial charges +€13,931
up €13,931 (+416.8%), from €3,342 to €17,273
- Depreciation +€3,025
up €3,025 (+9.4%), from €32,318 to €35,343
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 | €263,668 | €240,229 | -€23,439 | -8.9% |
| Fixed assets | 21/28 | €210,069 | €184,362 | -€25,707 | -12.2% |
| Intangible fixed assets | 21 | €6,997 | €5,997 | -€1,000 | -14.3% |
| Tangible fixed assets | 22/27 | €200,421 | €175,394 | -€25,027 | -12.5% |
| Plant, machinery and equipment | 23 | €13,496 | €10,146 | -€3,351 | -24.8% |
| Furniture and vehicles | 24 | €24,607 | €17,810 | -€6,797 | -27.6% |
| Other tangible fixed assets | 26 | €162,318 | €147,438 | -€14,879 | -9.2% |
| Financial fixed assets | 28 | €2,650 | €2,970 | +€320 | +12.1% |
| Current assets | 29/58 | €53,599 | €55,867 | +€2,268 | +4.2% |
| Stocks and contracts in progress | 3 | €11,570 | €12,692 | +€1,121 | +9.7% |
| Stocks | 30/36 | €11,570 | €12,692 | +€1,121 | +9.7% |
| Amounts receivable within one year | 40/41 | €15,185 | €17,512 | +€2,328 | +15.3% |
| Trade receivables | 40 | €13,607 | €1,336 | -€12,271 | -90.2% |
| Other amounts receivable | 41 | €1,578 | €16,177 | +€14,598 | +925.0% |
| Cash at bank and in hand | 54/58 | €25,329 | €23,051 | -€2,277 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,515 | €2,612 | +€1,096 | +72.3% |
| Total equity and liabilities | 10/49 | €263,668 | €240,229 | -€23,439 | -8.9% |
| Equity | 10/15 | -€109,689 | -€61,837 | +€47,852 | +43.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,689 | -€81,837 | +€47,852 | +36.9% |
| Amounts payable | 17/49 | €373,357 | €302,066 | -€71,291 | -19.1% |
| Amounts payable after more than one year | 17 | €250,449 | €190,651 | -€59,798 | -23.9% |
| Financial debts | 170/4 | €200,449 | €140,651 | -€59,798 | -29.8% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,453 | €109,256 | -€12,198 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €31,287 | €29,798 | -€1,488 | -4.8% |
| Trade debts | 44 | €33,443 | €48,182 | +€14,739 | +44.1% |
| Suppliers | 440/4 | €33,443 | €48,182 | +€14,739 | +44.1% |
| Taxes, remuneration and social security | 45 | €24,128 | €19,340 | -€4,788 | -19.8% |
| Taxes | 450/3 | €9,321 | €2,683 | -€6,638 | -71.2% |
| Remuneration and social security | 454/9 | €14,807 | €16,657 | +€1,850 | +12.5% |
| Other amounts payable | 47/48 | €32,595 | €11,935 | -€20,660 | -63.4% |
| Accrued charges and deferred income | 492/3 | €1,454 | €2,160 | +€705 | +48.5% |
| Remuneration, social security and pensions | 62 | €146,978 | €170,961 | +€23,982 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,318 | €35,343 | +€3,025 | +9.4% |
| Other operating charges | 640/8 | €3,613 | €4,773 | +€1,161 | +32.1% |
| Gross operating margin | 9900 | €174,808 | €275,254 | +€100,446 | +57.5% |
| Operating profit (loss) | 9901 | -€8,101 | €64,177 | +€72,278 | |
| Financial income | 75/76B | €525 | €948 | +€422 | +80.5% |
| Recurring financial income | 75 | €525 | €948 | +€422 | +80.5% |
| Financial charges | 65/66B | €3,342 | €17,273 | +€13,931 | +416.8% |
| Recurring financial charges | 65 | €3,342 | €17,273 | +€13,931 | +416.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,918 | €47,852 | +€58,770 | |
| Profit (loss) for the period | 9904 | -€10,918 | €47,852 | +€58,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,918 | €47,852 | +€58,770 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.