JOHN TURBO: 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.
JOHN TURBO
Largest movements
- Receivables after one year +€18,541
up €18,541 (+16.0%), from €116,108 to €134,650
- Cash +€8,969
up €8,969 (+68.7%), from €13,050 to €22,019
mainly Trade debts (+€41,843) and Net result for the year (+€3,976)
- Trade debts +€41,843
up €41,843 (+46.5%), from €89,954 to €131,797
- Debts after one year -€18,362
down €18,362 (-32.0%), from €57,355 to €38,993
- Profit (loss) carried forward +€3,976
up €3,976 (+2.9%), from €138,232 to €142,208
- Gross operating margin -€21,065
down €21,065 (-61.8%), from €34,083 to €13,018
- Financial charges -€5,962
down €5,962 (-60.7%), from €9,827 to €3,865
- Taxes -€5,269
down €5,269 (-62.1%), from €8,489 to €3,220
- Other operating charges -€4,342
down €4,342 (-75.7%), from €5,733 to €1,391
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 | €351,684 | €379,904 | +€28,220 | +8.0% |
| Fixed assets | 21/28 | €1,084 | €518 | -€566 | -52.2% |
| Tangible fixed assets | 22/27 | €904 | €338 | -€566 | -62.6% |
| Furniture and vehicles | 24 | €904 | €338 | -€566 | -62.6% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €350,600 | €379,385 | +€28,786 | +8.2% |
| Amounts receivable after more than one year | 29 | €116,108 | €134,650 | +€18,541 | +16.0% |
| Other amounts receivable | 291 | €116,108 | €134,650 | +€18,541 | +16.0% |
| Stocks and contracts in progress | 3 | €96,111 | €95,500 | -€611 | -0.6% |
| Stocks | 30/36 | €96,111 | €95,500 | -€611 | -0.6% |
| Amounts receivable within one year | 40/41 | €125,157 | €127,122 | +€1,965 | +1.6% |
| Trade receivables | 40 | €125,157 | €127,122 | +€1,965 | +1.6% |
| Cash at bank and in hand | 54/58 | €13,050 | €22,019 | +€8,969 | +68.7% |
| Deferred charges and accrued income | 490/1 | €174 | €95 | -€79 | -45.5% |
| Total equity and liabilities | 10/49 | €351,684 | €379,904 | +€28,220 | +8.0% |
| Equity | 10/15 | €146,602 | €150,578 | +€3,976 | +2.7% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,232 | €142,208 | +€3,976 | +2.9% |
| Amounts payable | 17/49 | €205,082 | €229,326 | +€24,244 | +11.8% |
| Amounts payable after more than one year | 17 | €57,355 | €38,993 | -€18,362 | -32.0% |
| Financial debts | 170/4 | €57,355 | €38,993 | -€18,362 | -32.0% |
| Amounts payable within one year | 42/48 | €147,727 | €190,333 | +€42,606 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €17,645 | €18,362 | +€717 | +4.1% |
| Trade debts | 44 | €89,954 | €131,797 | +€41,843 | +46.5% |
| Suppliers | 440/4 | €89,954 | €131,797 | +€41,843 | +46.5% |
| Taxes, remuneration and social security | 45 | €40,128 | €40,174 | +€46 | +0.1% |
| Taxes | 450/3 | €40,128 | €40,174 | +€46 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €865 | €566 | -€299 | -34.6% |
| Other operating charges | 640/8 | €5,733 | €1,391 | -€4,342 | -75.7% |
| Gross operating margin | 9900 | €34,083 | €13,018 | -€21,065 | -61.8% |
| Operating profit (loss) | 9901 | €27,485 | €11,061 | -€16,423 | -59.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €9,827 | €3,865 | -€5,962 | -60.7% |
| Recurring financial charges | 65 | €9,827 | €3,865 | -€5,962 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €17,657 | €7,196 | -€10,462 | -59.2% |
| Income taxes | 67/77 | €8,489 | €3,220 | -€5,269 | -62.1% |
| Profit (loss) for the period | 9904 | €9,168 | €3,976 | -€5,192 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,168 | €3,976 | -€5,192 | -56.6% |
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 20 October 2026 via checked.be.