TUUB: 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.
TUUB
Largest movements
- Cash -€39,302
down €39,302 (-63.1%), from €62,331 to €23,029
mainly Investment in fixed assets (net) (-€59,603) and Contributions, distributions and other (-€54,356)
- Tangible fixed assets +€30,485
up €30,485 (+13.1%), from €232,243 to €262,728
of which Furniture and vehicles: +€36,261
- Receivables within one year -€12,900
down €12,900 (-65.1%), from €19,822 to €6,922
of which Trade receivables: -€9,855
- Stocks and contracts -€10,932
down €10,932 (-5.4%), from €201,709 to €190,776
- Profit (loss) carried forward -€41,112
down €41,112 (-100.0%), from €41,112 to €0
- Debts after one year -€35,547
down €35,547 (-18.1%), from €196,679 to €161,132
- Reserves +€34,872
up €34,872 (+20.5%), from €170,184 to €205,056
- Other debts +€24,553
new in 2025: €24,553
- Trade debts -€18,478
down €18,478 (-57.8%), from €31,977 to €13,499
- Gross operating margin +€23,333
up €23,333 (+26.5%), from €87,929 to €111,262
- Depreciation +€9,290
up €9,290 (+46.9%), from €19,827 to €29,117
- Taxes +€8,350
up €8,350 (+60.4%), from €13,821 to €22,171
- Financial charges -€1,309
down €1,309 (-11.0%), from €11,858 to €10,550
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 | €518,317 | €484,101 | -€34,216 | -6.6% |
| Fixed assets | 21/28 | €232,493 | €262,978 | +€30,485 | +13.1% |
| Tangible fixed assets | 22/27 | €232,243 | €262,728 | +€30,485 | +13.1% |
| Land and buildings | 22 | €173,637 | €168,994 | -€4,643 | -2.7% |
| Plant, machinery and equipment | 23 | €2,003 | €981 | -€1,022 | -51.0% |
| Furniture and vehicles | 24 | €56,391 | €92,653 | +€36,261 | +64.3% |
| Other tangible fixed assets | 26 | €211 | €101 | -€111 | -52.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €285,825 | €221,123 | -€64,702 | -22.6% |
| Stocks and contracts in progress | 3 | €201,709 | €190,776 | -€10,932 | -5.4% |
| Stocks | 30/36 | €201,709 | €190,776 | -€10,932 | -5.4% |
| Amounts receivable within one year | 40/41 | €19,822 | €6,922 | -€12,900 | -65.1% |
| Trade receivables | 40 | €16,777 | €6,922 | -€9,855 | -58.7% |
| Other amounts receivable | 41 | €3,045 | €0 | -€3,045 | -100.0% |
| Cash at bank and in hand | 54/58 | €62,331 | €23,029 | -€39,302 | -63.1% |
| Deferred charges and accrued income | 490/1 | €1,963 | €395 | -€1,568 | -79.9% |
| Total equity and liabilities | 10/49 | €518,317 | €484,101 | -€34,216 | -6.6% |
| Equity | 10/15 | €217,496 | €211,256 | -€6,240 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €170,184 | €205,056 | +€34,872 | +20.5% |
| Distributable reserves | 133 | €170,184 | €205,056 | +€34,872 | +20.5% |
| Profit (loss) carried forward | 14 | €41,112 | €0 | -€41,112 | -100.0% |
| Amounts payable | 17/49 | €300,821 | €272,845 | -€27,976 | -9.3% |
| Amounts payable after more than one year | 17 | €196,679 | €161,132 | -€35,547 | -18.1% |
| Financial debts | 170/4 | €196,679 | €161,132 | -€35,547 | -18.1% |
| Amounts payable within one year | 42/48 | €104,142 | €111,712 | +€7,570 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €34,073 | €35,547 | +€1,474 | +4.3% |
| Trade debts | 44 | €31,977 | €13,499 | -€18,478 | -57.8% |
| Suppliers | 440/4 | €31,977 | €13,499 | -€18,478 | -57.8% |
| Taxes, remuneration and social security | 45 | €38,092 | €38,114 | +€22 | +0.1% |
| Taxes | 450/3 | €38,092 | €38,114 | +€22 | +0.1% |
| Other amounts payable | 47/48 | - | €24,553 | +€24,553 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,827 | €29,117 | +€9,290 | +46.9% |
| Other operating charges | 640/8 | €1,621 | €1,437 | -€184 | -11.4% |
| Gross operating margin | 9900 | €87,929 | €111,262 | +€23,333 | +26.5% |
| Operating profit (loss) | 9901 | €66,480 | €80,708 | +€14,227 | +21.4% |
| Financial income | 75/76B | €311 | €129 | -€182 | -58.5% |
| Recurring financial income | 75 | €311 | €129 | -€182 | -58.5% |
| Financial charges | 65/66B | €11,858 | €10,550 | -€1,309 | -11.0% |
| Recurring financial charges | 65 | €11,858 | €10,550 | -€1,309 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €54,933 | €70,287 | +€15,354 | +28.0% |
| Income taxes | 67/77 | €13,821 | €22,171 | +€8,350 | +60.4% |
| Profit (loss) for the period | 9904 | €41,112 | €48,116 | +€7,004 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,112 | €48,116 | +€7,004 | +17.0% |
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 1 October 2026 via checked.be.