De Turck Johan: 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.
De Turck Johan
Largest movements
- Receivables within one year +€246,772
up €246,772 (+20.2%), from €1.2m to €1.5m
of which Trade receivables: +€247,136
- Reserves +€225,184
up €225,184 (+43.9%), from €513,270 to €738,454
of which Distributable reserves: +€225,184
- Depreciation -€13,085
down €13,085 (-43.4%), from €30,145 to €17,060
- Gross operating margin -€5,984
down €5,984 (-1.8%), from €336,063 to €330,078
- Taxes +€4,000
up €4,000 (+5.2%), from €77,227 to €81,227
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 | €1,526,775 | €1,756,141 | +€229,366 | +15.0% |
| Fixed assets | 21/28 | €198,164 | €181,104 | -€17,060 | -8.6% |
| Tangible fixed assets | 22/27 | €198,164 | €181,104 | -€17,060 | -8.6% |
| Land and buildings | 22 | €198,164 | €181,104 | -€17,060 | -8.6% |
| Current assets | 29/58 | €1,328,611 | €1,575,037 | +€246,426 | +18.5% |
| Amounts receivable within one year | 40/41 | €1,221,332 | €1,468,104 | +€246,772 | +20.2% |
| Trade receivables | 40 | €1,219,407 | €1,466,543 | +€247,136 | +20.3% |
| Other amounts receivable | 41 | €1,925 | €1,561 | -€364 | -18.9% |
| Cash at bank and in hand | 54/58 | €107,279 | €106,933 | -€346 | -0.3% |
| Total equity and liabilities | 10/49 | €1,526,775 | €1,756,141 | +€229,366 | +15.0% |
| Equity | 10/15 | €531,870 | €757,054 | +€225,184 | +42.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €513,270 | €738,454 | +€225,184 | +43.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,910 | €5,910 | = | 0.0% |
| Distributable reserves | 133 | €505,500 | €730,684 | +€225,184 | +44.5% |
| Amounts payable | 17/49 | €994,905 | €999,087 | +€4,182 | +0.4% |
| Amounts payable within one year | 42/48 | €991,999 | €996,035 | +€4,035 | +0.4% |
| Trade debts | 44 | €235 | €234 | -€1 | -0.4% |
| Suppliers | 440/4 | €235 | €234 | -€1 | -0.4% |
| Taxes, remuneration and social security | 45 | €32,016 | €36,310 | +€4,294 | +13.4% |
| Taxes | 450/3 | €32,016 | €36,310 | +€4,294 | +13.4% |
| Other amounts payable | 47/48 | €959,748 | €959,490 | -€258 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,906 | €3,052 | +€146 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,145 | €17,060 | -€13,085 | -43.4% |
| Other operating charges | 640/8 | €6,102 | €6,414 | +€312 | +5.1% |
| Gross operating margin | 9900 | €336,063 | €330,078 | -€5,984 | -1.8% |
| Operating profit (loss) | 9901 | €299,816 | €306,605 | +€6,789 | +2.3% |
| Financial income | 75/76B | €585 | €546 | -€39 | -6.6% |
| Recurring financial income | 75 | €585 | €546 | -€39 | -6.6% |
| Financial charges | 65/66B | €2,032 | €740 | -€1,292 | -63.6% |
| Recurring financial charges | 65 | €2,032 | €740 | -€1,292 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €298,369 | €306,411 | +€8,042 | +2.7% |
| Income taxes | 67/77 | €77,227 | €81,227 | +€4,000 | +5.2% |
| Profit (loss) for the period | 9904 | €221,142 | €225,184 | +€4,042 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €221,142 | €225,184 | +€4,042 | +1.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.