FlatTurtle: 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.
FlatTurtle
Largest movements
- Cash +€74,722
up €74,722 (+230%), from €32,495 to €107,218
mainly Trade debts (+€117,625) and Depreciation (+€1,945)
- Tangible fixed assets +€7,306
up €7,306 (+268%), from €2,726 to €10,032
of which Plant, machinery and equipment: +€6,341
- Trade debts +€117,625
up €117,625 (+891%), from €13,206 to €130,831
- Reserves -€21,860
no longer reported in 2025 (was €21,860)
- Profit (loss) carried forward -€7,725
down €7,725, from €1,408 to -€6,317
- Gross operating margin -€28,381
down €28,381, from €2,267 to -€26,114
- Write-downs -€1,145
no longer reported in 2025 (was €1,145)
- Financial charges +€796
up €796 (+250%), from €318 to €1,114
- Other operating charges +€381
up €381 (+75.3%), from €505 to €886
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 | €66,171 | €150,372 | +€84,201 | +127% |
| Fixed assets | 21/28 | €3,017 | €10,032 | +€7,015 | +233% |
| Intangible fixed assets | 21 | €291 | - | -€291 | |
| Tangible fixed assets | 22/27 | €2,726 | €10,032 | +€7,306 | +268% |
| Plant, machinery and equipment | 23 | €849 | €7,189 | +€6,341 | +747% |
| Furniture and vehicles | 24 | €1,877 | €2,843 | +€966 | +51.4% |
| Current assets | 29/58 | €63,154 | €140,340 | +€77,185 | +122% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,906 | €23,279 | +€1,373 | +6.3% |
| Trade receivables | 40 | €19,402 | €23,279 | +€3,877 | +20.0% |
| Other amounts receivable | 41 | €2,504 | - | -€2,504 | |
| Cash at bank and in hand | 54/58 | €32,495 | €107,218 | +€74,722 | +230% |
| Deferred charges and accrued income | 490/1 | €6,253 | €7,343 | +€1,090 | +17.4% |
| Total equity and liabilities | 10/49 | €66,171 | €150,372 | +€84,201 | +127% |
| Equity | 10/15 | €41,868 | €12,283 | -€29,585 | -70.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | - | -€21,860 | |
| Distributable reserves | 133 | €21,860 | - | -€21,860 | |
| Profit (loss) carried forward | 14 | €1,408 | -€6,317 | -€7,725 | |
| Amounts payable | 17/49 | €24,303 | €138,089 | +€113,786 | +468% |
| Amounts payable within one year | 42/48 | €23,297 | €137,756 | +€114,459 | +491% |
| Financial debts | 43 | €1,116 | - | -€1,116 | |
| Credit institutions | 430/8 | €1,116 | - | -€1,116 | |
| Trade debts | 44 | €13,206 | €130,831 | +€117,625 | +891% |
| Suppliers | 440/4 | €13,206 | €130,831 | +€117,625 | +891% |
| Taxes, remuneration and social security | 45 | €4,681 | €3,260 | -€1,421 | -30.4% |
| Taxes | 450/3 | €4,681 | €3,260 | -€1,421 | -30.4% |
| Other amounts payable | 47/48 | €4,294 | €3,665 | -€629 | -14.6% |
| Accrued charges and deferred income | 492/3 | €1,006 | €334 | -€673 | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,199 | €1,945 | -€253 | -11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,145 | - | -€1,145 | |
| Other operating charges | 640/8 | €505 | €886 | +€381 | +75.3% |
| Gross operating margin | 9900 | €2,267 | -€26,114 | -€28,381 | |
| Operating profit (loss) | 9901 | -€1,582 | -€28,945 | -€27,363 | -1,730% |
| Financial income | 75/76B | €653 | €619 | -€35 | -5.4% |
| Recurring financial income | 75 | €653 | €619 | -€35 | -5.4% |
| Financial charges | 65/66B | €318 | €1,114 | +€796 | +250% |
| Recurring financial charges | 65 | €318 | €1,114 | +€796 | +250% |
| Profit (loss) for the period before taxes | 9903 | -€1,247 | -€29,440 | -€28,194 | -2,262% |
| Income taxes | 67/77 | €54 | €145 | +€91 | +167% |
| Profit (loss) for the period | 9904 | -€1,301 | -€29,585 | -€28,284 | -2,174% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,301 | -€29,585 | -€28,284 | -2,174% |
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 25 October 2026 via checked.be.