JAN TURPIN CONSTRUCT: 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.
JAN TURPIN CONSTRUCT
Largest movements
- Receivables within one year -€614,858
down €614,858 (-81.2%), from €757,353 to €142,494
- Stocks and contracts +€423,717
up €423,717 (+24.4%), from €1.7m to €2.2m
- Cash -€232,518
down €232,518 (-72.5%), from €320,761 to €88,243
mainly Stocks and contracts (-€423,717) and Other debts (-€376,938)
- Other debts -€376,938
down €376,938 (-20.1%), from €1.9m to €1.5m
- Trade debts -€152,168
down €152,168 (-20.8%), from €732,552 to €580,384
- Tax, wage and social debts +€115,841
up €115,841 (+84.2%), from €137,635 to €253,476
- Gross operating margin -€251,326
down €251,326 (-62.4%), from €402,750 to €151,424
- Financial charges -€48,541
down €48,541 (-20.8%), from €232,836 to €184,296
- Financial income +€13,149
new in 2025: €13,149
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 | €2,881,448 | €2,434,810 | -€446,639 | -15.5% |
| Fixed assets | 21/28 | €61,359 | €39,700 | -€21,659 | -35.3% |
| Tangible fixed assets | 22/27 | €1,559 | - | -€1,559 | |
| Furniture and vehicles | 24 | €1,559 | - | -€1,559 | |
| Financial fixed assets | 28 | €59,800 | €39,700 | -€20,100 | -33.6% |
| Current assets | 29/58 | €2,820,090 | €2,395,110 | -€424,980 | -15.1% |
| Stocks and contracts in progress | 3 | €1,737,386 | €2,161,103 | +€423,717 | +24.4% |
| Stocks | 30/36 | €1,737,386 | €2,161,103 | +€423,717 | +24.4% |
| Amounts receivable within one year | 40/41 | €757,353 | €142,494 | -€614,858 | -81.2% |
| Trade receivables | 40 | €757,353 | €142,494 | -€614,858 | -81.2% |
| Cash at bank and in hand | 54/58 | €320,761 | €88,243 | -€232,518 | -72.5% |
| Deferred charges and accrued income | 490/1 | €4,590 | €3,269 | -€1,321 | -28.8% |
| Total equity and liabilities | 10/49 | €2,881,448 | €2,434,810 | -€446,639 | -15.5% |
| Equity | 10/15 | €68,821 | €47,971 | -€20,850 | -30.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,821 | €6,200 | -€621 | -9.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €621 | - | -€621 | |
| Profit (loss) carried forward | 14 | - | -€20,229 | -€20,229 | |
| Amounts payable | 17/49 | €2,812,627 | €2,386,838 | -€425,789 | -15.1% |
| Amounts payable after more than one year | 17 | €61,654 | €52,708 | -€8,946 | -14.5% |
| Other amounts payable | 178/9 | €61,654 | €52,708 | -€8,946 | -14.5% |
| Amounts payable within one year | 42/48 | €2,745,832 | €2,332,567 | -€413,265 | -15.1% |
| Trade debts | 44 | €732,552 | €580,384 | -€152,168 | -20.8% |
| Suppliers | 440/4 | €732,552 | €580,384 | -€152,168 | -20.8% |
| Taxes, remuneration and social security | 45 | €137,635 | €253,476 | +€115,841 | +84.2% |
| Taxes | 450/3 | €137,635 | €253,476 | +€115,841 | +84.2% |
| Other amounts payable | 47/48 | €1,875,645 | €1,498,707 | -€376,938 | -20.1% |
| Accrued charges and deferred income | 492/3 | €5,142 | €1,564 | -€3,578 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196 | - | -€196 | |
| Other operating charges | 640/8 | €1,469 | €1,126 | -€342 | -23.3% |
| Gross operating margin | 9900 | €402,750 | €151,424 | -€251,326 | -62.4% |
| Operating profit (loss) | 9901 | €401,086 | €150,297 | -€250,789 | -62.5% |
| Financial income | 75/76B | - | €13,149 | +€13,149 | |
| Recurring financial income | 75 | - | €13,149 | +€13,149 | |
| Financial charges | 65/66B | €232,836 | €184,296 | -€48,541 | -20.8% |
| Recurring financial charges | 65 | €232,836 | €184,296 | -€48,541 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €168,250 | -€20,850 | -€189,099 | |
| Profit (loss) for the period | 9904 | €168,250 | -€20,850 | -€189,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €168,250 | -€20,850 | -€189,099 |
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 17 October 2026 via checked.be.