BLACK TURTLE HOLDING: 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.
BLACK TURTLE HOLDING
Largest movements
- Tangible fixed assets +€476,646
new in 2024: €476,646
of which Land and buildings: +€385,009
- Financial fixed assets +€16,200
new in 2024: €16,200
- Cash -€5,517
down €5,517 (-58.3%), from €9,467 to €3,950
mainly Investment in fixed assets (net) (-€550,153) and Net result for the year (-€84,891)
- Debts after one year +€359,163
new in 2024: €359,163
- Other debts +€170,278
new in 2024: €170,278
- Profit (loss) carried forward -€84,891
down €84,891 (-2,403%), from -€3,533 to -€88,423
- Current portion of long-term debt +€34,461
new in 2024: €34,461
- Trade debts +€6,317
new in 2024: €6,317
- Depreciation +€57,307
new in 2024: €57,307
- Gross operating margin -€20,362
down €20,362 (-783%), from -€2,602 to -€22,964
- Financial charges +€3,778
up €3,778 (+2,271%), from €166 to €3,945
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,467 | €496,796 | +€485,329 | +4,232% |
| Fixed assets | 21/28 | - | €492,846 | +€492,846 | |
| Tangible fixed assets | 22/27 | - | €476,646 | +€476,646 | |
| Land and buildings | 22 | - | €385,009 | +€385,009 | |
| Plant, machinery and equipment | 23 | - | €20,013 | +€20,013 | |
| Other tangible fixed assets | 26 | - | €71,624 | +€71,624 | |
| Financial fixed assets | 28 | - | €16,200 | +€16,200 | |
| Current assets | 29/58 | €11,467 | €3,950 | -€7,517 | -65.6% |
| Amounts receivable within one year | 40/41 | €2,000 | €0 | -€2,000 | -100% |
| Trade receivables | 40 | €2,000 | €0 | -€2,000 | -100% |
| Cash at bank and in hand | 54/58 | €9,467 | €3,950 | -€5,517 | -58.3% |
| Total equity and liabilities | 10/49 | €11,467 | €496,796 | +€485,329 | +4,232% |
| Equity | 10/15 | €11,467 | -€73,423 | -€84,891 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,533 | -€88,423 | -€84,891 | -2,403% |
| Amounts payable | 17/49 | - | €570,219 | +€570,219 | |
| Amounts payable after more than one year | 17 | - | €359,163 | +€359,163 | |
| Financial debts | 170/4 | - | €359,163 | +€359,163 | |
| Amounts payable within one year | 42/48 | - | €211,056 | +€211,056 | |
| Current portion of amounts payable after more than one year | 42 | - | €34,461 | +€34,461 | |
| Trade debts | 44 | - | €6,317 | +€6,317 | |
| Suppliers | 440/4 | - | €6,317 | +€6,317 | |
| Other amounts payable | 47/48 | - | €170,278 | +€170,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €57,307 | +€57,307 | |
| Other operating charges | 640/8 | €764 | €674 | -€90 | -11.7% |
| Gross operating margin | 9900 | -€2,602 | -€22,964 | -€20,362 | -783% |
| Operating profit (loss) | 9901 | -€3,366 | -€80,946 | -€77,580 | -2,305% |
| Financial charges | 65/66B | €166 | €3,945 | +€3,778 | +2,271% |
| Recurring financial charges | 65 | €166 | €3,945 | +€3,778 | +2,271% |
| Profit (loss) for the period before taxes | 9903 | -€3,533 | -€84,891 | -€81,358 | -2,303% |
| Profit (loss) for the period | 9904 | -€3,533 | -€84,891 | -€81,358 | -2,303% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,533 | -€84,891 | -€81,358 | -2,303% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.