DE TURCK: 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
DE TURCK
NACE 49.320, Non-scheduled passenger transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€639,617
2024 · €843,539-€203,922
Equity
€3.5m
2024 · €3.5m+€4,617
Cash
€706
2024 · €1,120-€414
Balance sheet total
€7.8m
2024 · €7.0m+€794,940
Largest movements
Assets
- Receivables within one year +€912,702
up €912,702 (+19.5%), from €4.7m to €5.6m
of which Other amounts receivable: +€847,567
- Tangible fixed assets -€146,216
down €146,216 (-6.6%), from €2.2m to €2.1m
of which Leasing and similar rights: -€100,066
Equity and liabilities
- Other debts +€635,000
new in 2025: €635,000
- Trade debts +€81,284
up €81,284 (+119%), from €68,068 to €149,352
Income statement
- Turnover -€368,563
down €368,563 (-4.9%), from €7.5m to €7.2m
- Services and other goods -€105,096
down €105,096 (-8.7%), from €1.2m to €1.1m
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.
Result 2024
€843,539
Turnover
-€368,563
Other operating income
-€25,610
Goods and materials
+€29,501
Services and other goods
+€105,096
Staff costs
+€34,271
Depreciation
+€33,208
Write-downs
+€20,010
Other operating charges
+€16,612
Other operating items
-€46,057
Financial income
-€48,099
Financial charges
-€13,001
Taxes
+€58,711
Result 2025
€639,617
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€684,359
Financing
-€574,707
Cash 2024
€1,120
From operations (derived)
+€1.3m
Net result for the year
+€639,617
Depreciation
+€830,575
Stocks and contracts
-€34,030
Receivables within one year
-€912,702
Deferred charges and accrued income
+€5,162
Trade debts
+€81,284
Tax, wage and social debts
+€12,248
Other debts
+€635,000
Accrued charges and deferred income
+€1,499
Investment (derived)
-€684,359
Investment in fixed assets (net)
-€684,359
Financing
-€574,707
Debts after one year
-€4,884
Current portion of long-term debt
+€65,177
Contributions, distributions and other
-€635,000
Cash 2025
€706
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,994,975 | €7,789,915 | +€794,940 | +11.4% |
| Fixed assets | 21/28 | €2,208,832 | €2,062,616 | -€146,216 | -6.6% |
| Tangible fixed assets | 22/27 | €2,208,832 | €2,062,616 | -€146,216 | -6.6% |
| Plant, machinery and equipment | 23 | €15,306 | €9,598 | -€5,708 | -37.3% |
| Furniture and vehicles | 24 | €175,620 | €141,426 | -€34,194 | -19.5% |
| Leasing and similar rights | 25 | €1,998,812 | €1,898,746 | -€100,066 | -5.0% |
| Other tangible fixed assets | 26 | €19,094 | €12,846 | -€6,247 | -32.7% |
| Current assets | 29/58 | €4,786,142 | €5,727,299 | +€941,156 | +19.7% |
| Stocks and contracts in progress | 3 | €84,088 | €118,118 | +€34,030 | +40.5% |
| Stocks | 30/36 | €84,088 | €118,118 | +€34,030 | +40.5% |
| Raw materials and consumables | 30/31 | €84,088 | €118,118 | +€34,030 | +40.5% |
| Amounts receivable within one year | 40/41 | €4,682,691 | €5,595,392 | +€912,702 | +19.5% |
| Trade receivables | 40 | €495,715 | €560,850 | +€65,135 | +13.1% |
| Other amounts receivable | 41 | €4,186,975 | €5,034,542 | +€847,567 | +20.2% |
| Cash at bank and in hand | 54/58 | €1,120 | €706 | -€414 | -36.9% |
| Deferred charges and accrued income | 490/1 | €18,244 | €13,082 | -€5,162 | -28.3% |
| Total equity and liabilities | 10/49 | €6,994,975 | €7,789,915 | +€794,940 | +11.4% |
| Equity | 10/15 | €3,514,322 | €3,518,939 | +€4,617 | +0.1% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €3,408,323 | €3,416,323 | +€8,000 | +0.2% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,021,271 | €1,029,271 | +€8,000 | +0.8% |
| Distributable reserves | 133 | €2,377,136 | €2,377,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,842 | €3,459 | -€3,383 | -49.4% |
| Amounts payable | 17/49 | €3,480,653 | €4,270,976 | +€790,323 | +22.7% |
| Amounts payable after more than one year | 17 | €2,339,931 | €2,335,047 | -€4,884 | -0.2% |
| Financial debts | 170/4 | €2,339,931 | €2,335,047 | -€4,884 | -0.2% |
| Leasing and similar obligations | 172 | €2,339,931 | €2,335,047 | -€4,884 | -0.2% |
| Amounts payable within one year | 42/48 | €1,134,035 | €1,927,743 | +€793,708 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €538,706 | €603,882 | +€65,177 | +12.1% |
| Trade debts | 44 | €68,068 | €149,352 | +€81,284 | +119% |
| Suppliers | 440/4 | €68,068 | €149,352 | +€81,284 | +119% |
| Advances received on contracts in progress | 46 | €1,137 | €1,137 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €526,123 | €538,371 | +€12,248 | +2.3% |
| Taxes | 450/3 | €153,001 | €93,562 | -€59,438 | -38.8% |
| Remuneration and social security | 454/9 | €373,123 | €444,809 | +€71,686 | +19.2% |
| Other amounts payable | 47/48 | - | €635,000 | +€635,000 | |
| Accrued charges and deferred income | 492/3 | €6,687 | €8,186 | +€1,499 | +22.4% |
| Operating income | 70/76A | €7,849,292 | €7,416,105 | -€433,187 | -5.5% |
| Turnover | 70 | €7,528,532 | €7,159,969 | -€368,563 | -4.9% |
| Other operating income | 74 | €217,318 | €191,708 | -€25,610 | -11.8% |
| Non-recurring operating income | 76A | €103,442 | €64,428 | -€39,014 | -37.7% |
| Operating charges | 60/66A | €6,819,632 | €6,587,978 | -€231,654 | -3.4% |
| Goods for resale, raw materials and consumables | 60 | €1,149,988 | €1,120,488 | -€29,501 | -2.6% |
| Purchases | 600/8 | €1,225,074 | €1,160,912 | -€64,163 | -5.2% |
| Change in stocks: decrease (increase) | 609 | -€75,086 | -€40,424 | +€34,662 | +46.2% |
| Services and other goods | 61 | €1,204,090 | €1,098,994 | -€105,096 | -8.7% |
| Remuneration, social security and pensions | 62 | €3,539,722 | €3,505,451 | -€34,271 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863,782 | €830,575 | -€33,208 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,663 | €7,653 | -€20,010 | -72.3% |
| Other operating charges | 640/8 | €34,386 | €17,774 | -€16,612 | -48.3% |
| Non-recurring operating charges | 66A | - | €7,043 | +€7,043 | |
| Operating profit (loss) | 9901 | €1,029,659 | €828,126 | -€201,533 | -19.6% |
| Financial income | 75/76B | €150,142 | €102,043 | -€48,099 | -32.0% |
| Recurring financial income | 75 | €150,142 | €102,043 | -€48,099 | -32.0% |
| Income from current assets | 751 | €124,898 | €89,979 | -€34,919 | -28.0% |
| Other financial income | 752/9 | €25,244 | €12,063 | -€13,181 | -52.2% |
| Financial charges | 65/66B | €76,995 | €89,996 | +€13,001 | +16.9% |
| Recurring financial charges | 65 | €76,995 | €89,996 | +€13,001 | +16.9% |
| Debt charges | 650 | €68,269 | €82,007 | +€13,739 | +20.1% |
| Other financial charges | 652/9 | €8,726 | €7,988 | -€738 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,102,807 | €840,173 | -€262,634 | -23.8% |
| Income taxes | 67/77 | €259,267 | €200,556 | -€58,711 | -22.6% |
| Taxes | 670/3 | €259,267 | €200,556 | -€58,711 | -22.6% |
| Profit (loss) for the period | 9904 | €843,539 | €639,617 | -€203,922 | -24.2% |
| Transfer to tax-exempt reserves | 689 | €52,100 | €8,000 | -€44,100 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €791,439 | €631,617 | -€159,822 | -20.2% |
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 15 October 2026 via checked.be.