TUVABO: 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.
TUVABO
Largest movements
- Cash +€38,007
up €38,007 (+277%), from €13,709 to €51,716
mainly Receivables within one year (+€25,554) and Depreciation (+€17,609)
- Receivables within one year -€25,554
down €25,554 (-2.3%), from €1.1m to €1.1m
of which Other amounts receivable: -€25,312
- Tangible fixed assets -€17,609
down €17,609 (-18.4%), from €95,572 to €77,963
of which Furniture and vehicles: -€10,255
- Reserves +€14,383
up €14,383 (+1.6%), from €903,710 to €918,093
- Gross operating margin +€16,969
up €16,969 (+522%), from €3,248 to €20,217
- Depreciation -€6,545
down €6,545 (-27.1%), from €24,154 to €17,609
- Taxes +€6,050
up €6,050 (+1,160%), from €521 to €6,572
- Financial charges +€1,648
up €1,648 (+342%), from €482 to €2,130
- Financial income -€1,157
down €1,157 (-5.1%), from €22,494 to €21,336
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 | €1,229,743 | €1,221,025 | -€8,718 | -0.7% |
| Fixed assets | 21/28 | €95,572 | €77,963 | -€17,609 | -18.4% |
| Tangible fixed assets | 22/27 | €95,572 | €77,963 | -€17,609 | -18.4% |
| Land and buildings | 22 | €85,317 | €77,963 | -€7,354 | -8.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,255 | €0 | -€10,255 | -100% |
| Current assets | 29/58 | €1,134,171 | €1,143,062 | +€8,890 | +0.8% |
| Amounts receivable within one year | 40/41 | €1,116,284 | €1,090,729 | -€25,554 | -2.3% |
| Trade receivables | 40 | €10,769 | €10,527 | -€242 | -2.2% |
| Other amounts receivable | 41 | €1,105,515 | €1,080,202 | -€25,312 | -2.3% |
| Cash at bank and in hand | 54/58 | €13,709 | €51,716 | +€38,007 | +277% |
| Deferred charges and accrued income | 490/1 | €4,179 | €616 | -€3,562 | -85.2% |
| Total equity and liabilities | 10/49 | €1,229,743 | €1,221,025 | -€8,718 | -0.7% |
| Equity | 10/15 | €916,110 | €930,493 | +€14,383 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €903,710 | €918,093 | +€14,383 | +1.6% |
| Distributable reserves | 133 | €903,710 | €918,093 | +€14,383 | +1.6% |
| Amounts payable | 17/49 | €313,633 | €290,531 | -€23,102 | -7.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €313,633 | €290,531 | -€23,102 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €9,200 | €0 | -€9,200 | -100% |
| Financial debts | 43 | €5,588 | €0 | -€5,588 | -100% |
| Credit institutions | 430/8 | €5,588 | €0 | -€5,588 | -100% |
| Trade debts | 44 | €3,723 | €1,901 | -€1,822 | -48.9% |
| Suppliers | 440/4 | €3,723 | €1,901 | -€1,822 | -48.9% |
| Taxes, remuneration and social security | 45 | €10,823 | €7,371 | -€3,452 | -31.9% |
| Taxes | 450/3 | €10,823 | €7,371 | -€3,452 | -31.9% |
| Other amounts payable | 47/48 | €284,299 | €281,259 | -€3,040 | -1.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,154 | €17,609 | -€6,545 | -27.1% |
| Other operating charges | 640/8 | €875 | €859 | -€16 | -1.8% |
| Gross operating margin | 9900 | €3,248 | €20,217 | +€16,969 | +522% |
| Operating profit (loss) | 9901 | -€21,781 | €1,749 | +€23,529 | |
| Financial income | 75/76B | €22,494 | €21,336 | -€1,157 | -5.1% |
| Recurring financial income | 75 | €22,494 | €21,336 | -€1,157 | -5.1% |
| Financial charges | 65/66B | €482 | €2,130 | +€1,648 | +342% |
| Recurring financial charges | 65 | €482 | €2,130 | +€1,648 | +342% |
| Profit (loss) for the period before taxes | 9903 | €231 | €20,955 | +€20,724 | +8,968% |
| Income taxes | 67/77 | €521 | €6,572 | +€6,050 | +1,160% |
| Profit (loss) for the period | 9904 | -€290 | €14,383 | +€14,674 | |
| Profit (loss) for the period to be appropriated | 9905 | -€290 | €14,383 | +€14,674 |
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 25 October 2026 via checked.be.