Ellen Van Turnhout: 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.
Ellen Van Turnhout
Largest movements
- Receivables within one year +€66,609
up €66,609 (+370%), from €18,000 to €84,609
of which Trade receivables: +€65,298
- Cash +€53,452
up €53,452 (+55.5%), from €96,384 to €149,836
mainly Net result for the year (+€73,471) and Tax, wage and social debts (+€27,300)
- Reserves +€73,471
up €73,471 (+82.0%), from €89,606 to €163,077
- Tax, wage and social debts +€27,300
up €27,300 (+155%), from €17,648 to €44,949
of which Taxes: +€24,617
- Trade debts +€18,157
up €18,157 (+1,088%), from €1,668 to €19,826
- Gross operating margin +€50,322
up €50,322 (+54.4%), from €92,445 to €142,767
- Turnover +€37,680
up €37,680 (+22.0%), from €171,120 to €208,800
- Staff costs +€26,134
up €26,134 (+158%), from €16,592 to €42,726
- Purchases and services -€13,521
down €13,521 (-13.6%), from €99,684 to €86,163
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 | €114,476 | €234,445 | +€119,969 | +105% |
| Current assets | 29/58 | €114,476 | €234,445 | +€119,969 | +105% |
| Amounts receivable within one year | 40/41 | €18,000 | €84,609 | +€66,609 | +370% |
| Trade receivables | 40 | €18,000 | €83,298 | +€65,298 | +363% |
| Other amounts receivable | 41 | - | €1,311 | +€1,311 | |
| Cash at bank and in hand | 54/58 | €96,384 | €149,836 | +€53,452 | +55.5% |
| Deferred charges and accrued income | 490/1 | €93 | €0 | -€93 | -100% |
| Total equity and liabilities | 10/49 | €114,476 | €234,445 | +€119,969 | +105% |
| Equity | 10/15 | €94,606 | €168,077 | +€73,471 | +77.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,606 | €163,077 | +€73,471 | +82.0% |
| Distributable reserves | 133 | €89,606 | €163,077 | +€73,471 | +82.0% |
| Amounts payable | 17/49 | €19,871 | €66,368 | +€46,497 | +234% |
| Amounts payable within one year | 42/48 | €19,850 | €66,308 | +€46,459 | +234% |
| Financial debts | 43 | €513 | €1,534 | +€1,021 | +199% |
| Credit institutions | 430/8 | €513 | €1,534 | +€1,021 | +199% |
| Trade debts | 44 | €1,668 | €19,826 | +€18,157 | +1,088% |
| Suppliers | 440/4 | €1,668 | €19,826 | +€18,157 | +1,088% |
| Taxes, remuneration and social security | 45 | €17,648 | €44,949 | +€27,300 | +155% |
| Taxes | 450/3 | €15,081 | €39,698 | +€24,617 | +163% |
| Remuneration and social security | 454/9 | €2,567 | €5,250 | +€2,683 | +105% |
| Other amounts payable | 47/48 | €20 | €0 | -€20 | -100% |
| Accrued charges and deferred income | 492/3 | €21 | €60 | +€39 | +190% |
| Turnover | 70 | €171,120 | €208,800 | +€37,680 | +22.0% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €99,684 | €86,163 | -€13,521 | -13.6% |
| Remuneration, social security and pensions | 62 | €16,592 | €42,726 | +€26,134 | +158% |
| Other operating charges | 640/8 | €59 | €811 | +€752 | +1,282% |
| Gross operating margin | 9900 | €92,445 | €142,767 | +€50,322 | +54.4% |
| Operating profit (loss) | 9901 | €75,794 | €99,230 | +€23,436 | +30.9% |
| Financial income | 75/76B | €4 | €191 | +€187 | +4,671% |
| Recurring financial income | 75 | €4 | €191 | +€187 | +4,671% |
| Financial charges | 65/66B | €2,589 | €2,484 | -€105 | -4.1% |
| Recurring financial charges | 65 | €2,589 | €2,484 | -€105 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €73,209 | €96,937 | +€23,729 | +32.4% |
| Income taxes | 67/77 | €22,570 | €23,466 | +€896 | +4.0% |
| Profit (loss) for the period | 9904 | €50,638 | €73,471 | +€22,833 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,638 | €73,471 | +€22,833 | +45.1% |
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 23 October 2026 via checked.be.