TUTHO: 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.
TUTHO
Largest movements
- Tangible fixed assets +€391,342
up €391,342 (+75263.8%), from €520 to €391,862
of which Land and buildings: +€390,170
- Receivables within one year -€196,742
down €196,742 (-35.8%), from €550,000 to €353,258
of which Other amounts receivable: -€550,000
- Current investments +€135,000
up €135,000 (+385.7%), from €35,000 to €170,000
- Cash -€52,355
down €52,355 (-35.3%), from €148,499 to €96,143
mainly Contributions, distributions and other (-€622,302) and Investment in fixed assets (net) (-€449,304)
- Other debts +€473,372
up €473,372 (+33762.9%), from €1,402 to €474,774
- Reserves -€143,427
down €143,427 (-53.2%), from €269,727 to €126,300
of which Distributable reserves: -€269,727
- Debts after one year -€40,639
down €40,639 (-12.0%), from €337,722 to €297,083
- Current portion of long-term debt -€36,183
down €36,183 (-72.2%), from €50,085 to €13,902
- Tax, wage and social debts +€33,938
up €33,938 (+46.4%), from €73,065 to €107,003
- Financial income +€203,294
up €203,294 (+303.3%), from €67,026 to €270,320
- Gross operating margin +€162,334
up €162,334 (+86.9%), from €186,849 to €349,183
- Depreciation +€57,617
up €57,617 (+16697.1%), from €345 to €57,962
- Taxes +€25,452
up €25,452 (+65.1%), from €39,069 to €64,521
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 | €737,077 | €1,021,566 | +€284,489 | +38.6% |
| Fixed assets | 21/28 | €520 | €391,862 | +€391,342 | +75263.8% |
| Tangible fixed assets | 22/27 | €520 | €391,862 | +€391,342 | +75263.8% |
| Land and buildings | 22 | - | €390,170 | +€390,170 | |
| Furniture and vehicles | 24 | €520 | €87 | -€433 | -83.2% |
| Other tangible fixed assets | 26 | - | €1,605 | +€1,605 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €736,557 | €629,704 | -€106,853 | -14.5% |
| Amounts receivable within one year | 40/41 | €550,000 | €353,258 | -€196,742 | -35.8% |
| Trade receivables | 40 | €0 | €353,258 | +€353,258 | |
| Other amounts receivable | 41 | €550,000 | €0 | -€550,000 | -100.0% |
| Current investments | 50/53 | €35,000 | €170,000 | +€135,000 | +385.7% |
| Cash at bank and in hand | 54/58 | €148,499 | €96,143 | -€52,355 | -35.3% |
| Deferred charges and accrued income | 490/1 | €3,058 | €10,303 | +€7,244 | +236.9% |
| Total equity and liabilities | 10/49 | €737,077 | €1,021,566 | +€284,489 | +38.6% |
| Equity | 10/15 | €271,727 | €128,300 | -€143,427 | -52.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €269,727 | €126,300 | -€143,427 | -53.2% |
| Tax-exempt reserves | 132 | - | €126,300 | +€126,300 | |
| Distributable reserves | 133 | €269,727 | €0 | -€269,727 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €465,350 | €893,266 | +€427,915 | +92.0% |
| Amounts payable after more than one year | 17 | €337,722 | €297,083 | -€40,639 | -12.0% |
| Financial debts | 170/4 | €337,722 | €297,083 | -€40,639 | -12.0% |
| Amounts payable within one year | 42/48 | €127,628 | €596,182 | +€468,554 | +367.1% |
| Current portion of amounts payable after more than one year | 42 | €50,085 | €13,902 | -€36,183 | -72.2% |
| Trade debts | 44 | €3,077 | €503 | -€2,574 | -83.7% |
| Suppliers | 440/4 | €3,077 | €503 | -€2,574 | -83.7% |
| Taxes, remuneration and social security | 45 | €73,065 | €107,003 | +€33,938 | +46.4% |
| Taxes | 450/3 | €73,065 | €107,003 | +€33,938 | +46.4% |
| Other amounts payable | 47/48 | €1,402 | €474,774 | +€473,372 | +33762.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345 | €57,962 | +€57,617 | +16697.1% |
| Other operating charges | 640/8 | €809 | €2,667 | +€1,859 | +229.8% |
| Gross operating margin | 9900 | €186,849 | €349,183 | +€162,334 | +86.9% |
| Operating profit (loss) | 9901 | €185,695 | €288,554 | +€102,858 | +55.4% |
| Financial income | 75/76B | €67,026 | €270,320 | +€203,294 | +303.3% |
| Recurring financial income | 75 | €67,026 | €270,320 | +€203,294 | +303.3% |
| Financial charges | 65/66B | €13,922 | €15,478 | +€1,555 | +11.2% |
| Recurring financial charges | 65 | €13,922 | €15,478 | +€1,555 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €238,799 | €543,396 | +€304,597 | +127.6% |
| Income taxes | 67/77 | €39,069 | €64,521 | +€25,452 | +65.1% |
| Profit (loss) for the period | 9904 | €199,730 | €478,875 | +€279,145 | +139.8% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €199,730 | €352,575 | +€152,845 | +76.5% |
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 12 October 2026 via checked.be.