TUSPARK BELGIUM: 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.
TUSPARK BELGIUM
Largest movements
- Cash +€98,563
up €98,563 (+101%), from €97,121 to €195,683
mainly Receivables within one year (+€66,322) and Net result for the year (+€58,380)
- Receivables within one year -€66,322
down €66,322 (-44.0%), from €150,707 to €84,386
of which Trade receivables: -€63,525
- Tangible fixed assets -€3,370
down €3,370 (-48.7%), from €6,924 to €3,554
- Profit (loss) carried forward +€28,380
up €28,380 (+14.9%), from €190,905 to €219,284
- Tax, wage and social debts +€8,154
up €8,154 (+23.1%), from €35,371 to €43,525
of which Remuneration and social security: +€5,317
- Trade debts -€3,797
down €3,797 (-43.1%), from €8,811 to €5,014
- Other debts -€3,500
down €3,500 (-95.9%), from €3,650 to €150
- Turnover -€96,319
down €96,319 (-28.6%), from €337,228 to €240,909
- Staff costs -€63,820
down €63,820 (-38.2%), from €166,897 to €103,078
- Purchases and services -€53,490
down €53,490 (-42.2%), from €126,722 to €73,232
- Gross operating margin -€41,255
down €41,255 (-19.6%), from €210,506 to €169,251
- Taxes -€8,670
down €8,670 (-71.0%), from €12,215 to €3,546
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 | €260,737 | €289,974 | +€29,237 | +11.2% |
| Fixed assets | 21/28 | €12,909 | €8,743 | -€4,166 | -32.3% |
| Intangible fixed assets | 21 | €2,385 | €1,589 | -€796 | -33.4% |
| Tangible fixed assets | 22/27 | €6,924 | €3,554 | -€3,370 | -48.7% |
| Furniture and vehicles | 24 | €6,924 | €3,554 | -€3,370 | -48.7% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €247,828 | €281,231 | +€33,403 | +13.5% |
| Amounts receivable within one year | 40/41 | €150,707 | €84,386 | -€66,322 | -44.0% |
| Trade receivables | 40 | €63,525 | - | -€63,525 | |
| Other amounts receivable | 41 | €87,182 | €84,386 | -€2,797 | -3.2% |
| Cash at bank and in hand | 54/58 | €97,121 | €195,683 | +€98,563 | +101% |
| Deferred charges and accrued income | 490/1 | - | €1,162 | +€1,162 | |
| Total equity and liabilities | 10/49 | €260,737 | €289,974 | +€29,237 | +11.2% |
| Equity | 10/15 | €212,905 | €241,284 | +€28,380 | +13.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,905 | €219,284 | +€28,380 | +14.9% |
| Amounts payable | 17/49 | €47,832 | €48,690 | +€858 | +1.8% |
| Amounts payable within one year | 42/48 | €47,832 | €48,690 | +€858 | +1.8% |
| Trade debts | 44 | €8,811 | €5,014 | -€3,797 | -43.1% |
| Suppliers | 440/4 | €8,811 | €5,014 | -€3,797 | -43.1% |
| Taxes, remuneration and social security | 45 | €35,371 | €43,525 | +€8,154 | +23.1% |
| Taxes | 450/3 | €35,371 | €38,208 | +€2,837 | +8.0% |
| Remuneration and social security | 454/9 | - | €5,317 | +€5,317 | |
| Other amounts payable | 47/48 | €3,650 | €150 | -€3,500 | -95.9% |
| Turnover | 70 | €337,228 | €240,909 | -€96,319 | -28.6% |
| Non-recurring operating income | 76A | - | €1,573 | +€1,573 | |
| Goods, raw materials, services and sundry goods | 60/61 | €126,722 | €73,232 | -€53,490 | -42.2% |
| Remuneration, social security and pensions | 62 | €166,897 | €103,078 | -€63,820 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,940 | €3,387 | -€553 | -14.0% |
| Other operating charges | 640/8 | €129 | €532 | +€403 | +312% |
| Gross operating margin | 9900 | €210,506 | €169,251 | -€41,255 | -19.6% |
| Operating profit (loss) | 9901 | €39,540 | €62,254 | +€22,714 | +57.4% |
| Financial charges | 65/66B | €221 | €329 | +€108 | +48.6% |
| Recurring financial charges | 65 | €221 | €329 | +€108 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €39,319 | €61,926 | +€22,607 | +57.5% |
| Income taxes | 67/77 | €12,215 | €3,546 | -€8,670 | -71.0% |
| Profit (loss) for the period | 9904 | €27,103 | €58,380 | +€31,276 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €27,103 | €58,380 | +€31,276 | +115% |
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 1 November 2026 via checked.be.