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TUZTEAM: 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.

What changed

TUZTEAM

BE 0787.231.115
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€12,837
2024 · -€8,917-€3,920
Equity
-€8,315
2024 · €4,522-€12,837
Cash
€9,645
2024 · €519+€9,126
Balance sheet total
€135,887
2024 · €46,412+€89,476

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€79,907

    up €79,907 (+1,074%), from €7,438 to €87,345

    of which Furniture and vehicles: +€76,793

  • Cash +€9,126

    up €9,126 (+1,758%), from €519 to €9,645

    mainly Trade debts (+€71,153) and Depreciation (+€23,251)

Equity and liabilities
  • Trade debts +€71,153

    up €71,153 (+344%), from €20,672 to €91,826

  • Other debts +€16,619

    up €16,619 (+91.8%), from €18,108 to €34,727

  • Tax, wage and social debts +€14,540

    up €14,540 (+468%), from €3,110 to €17,650

    of which Remuneration and social security: +€17,650

  • Profit (loss) carried forward -€12,837

    down €12,837, from €3,522 to -€9,315

Income statement
  • Depreciation +€18,022

    up €18,022 (+345%), from €5,229 to €23,251

  • Gross operating margin +€9,651

    up €9,651 (+428%), from €2,255 to €11,906

  • Taxes -€3,110

    down €3,110 (-99.5%), from €3,125 to €16

  • Staff costs -€1,912

    no longer reported in 2025 (was €1,912)

  • Other operating charges +€665

    up €665 (+112%), from €594 to €1,260

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€8,917
Gross operating margin +€9,651
Staff costs +€1,912
Depreciation -€18,022
Other operating charges -€665
Financial income +€34
Financial charges +€60
Taxes +€3,110
Result 2025 -€12,837
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€112,284
Investment -€103,158
Financing €0
Cash 2024 €519
Net result for the year -€12,837
Depreciation +€23,251
Receivables within one year -€442
Trade debts +€71,153
Tax, wage and social debts +€14,540
Other debts +€16,619
Investment in fixed assets (net) -€103,158
Cash 2025 €9,645
brings cash intakes cash out
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €46,412 €135,887 +€89,476 +193%
Fixed assets 21/28 €7,438 €87,345 +€79,907 +1,074%
Tangible fixed assets 22/27 €7,438 €87,345 +€79,907 +1,074%
Plant, machinery and equipment 23 - €3,114 +€3,114
Furniture and vehicles 24 €7,438 €84,231 +€76,793 +1,032%
Current assets 29/58 €38,974 €48,542 +€9,568 +24.6%
Amounts receivable within one year 40/41 €38,455 €38,897 +€442 +1.1%
Trade receivables 40 €37,161 €37,128 -€33 -0.1%
Other amounts receivable 41 €1,294 €1,769 +€475 +36.7%
Cash at bank and in hand 54/58 €519 €9,645 +€9,126 +1,758%
Total equity and liabilities 10/49 €46,412 €135,887 +€89,476 +193%
Equity 10/15 €4,522 -€8,315 -€12,837
Contributions 10/11 €1,000 €1,000 = 0.0%
Profit (loss) carried forward 14 €3,522 -€9,315 -€12,837
Amounts payable 17/49 €41,890 €144,203 +€102,313 +244%
Amounts payable within one year 42/48 €41,890 €144,203 +€102,313 +244%
Trade debts 44 €20,672 €91,826 +€71,153 +344%
Suppliers 440/4 €20,672 €91,826 +€71,153 +344%
Taxes, remuneration and social security 45 €3,110 €17,650 +€14,540 +468%
Taxes 450/3 €3,110 - -€3,110
Remuneration and social security 454/9 - €17,650 +€17,650
Other amounts payable 47/48 €18,108 €34,727 +€16,619 +91.8%
Remuneration, social security and pensions 62 €1,912 - -€1,912
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €5,229 €23,251 +€18,022 +345%
Other operating charges 640/8 €594 €1,260 +€665 +112%
Gross operating margin 9900 €2,255 €11,906 +€9,651 +428%
Operating profit (loss) 9901 -€5,480 -€12,604 -€7,124 -130%
Financial income 75/76B €0 €34 +€34 +339,400%
Recurring financial income 75 €0 €34 +€34 +339,400%
Financial charges 65/66B €311 €251 -€60 -19.4%
Recurring financial charges 65 €311 €251 -€60 -19.4%
Profit (loss) for the period before taxes 9903 -€5,792 -€12,821 -€7,030 -121%
Income taxes 67/77 €3,125 €16 -€3,110 -99.5%
Profit (loss) for the period 9904 -€8,917 -€12,837 -€3,920 -44.0%
Profit (loss) for the period to be appropriated 9905 -€8,917 -€12,837 -€3,920 -44.0%

Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.