TAKING TURNS: 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.
TAKING TURNS
Largest movements
- Receivables within one year -€480,396
down €480,396 (-17.6%), from €2.7m to €2.3m
of which Trade receivables: -€325,221
- Cash -€125,980
down €125,980 (-11.2%), from €1.1m to €996,603
mainly Trade debts (-€1.3m) and Contributions, distributions and other (-€604,649)
- Trade debts -€1.3m
down €1.3m (-54.4%), from €2.4m to €1.1m
- Other debts +€604,649
up €604,649, from €0 to €604,649
- Reserves +€165,435
up €165,435 (+16.0%), from €1.0m to €1.2m
- Current portion of long-term debt -€69,642
down €69,642 (-75.2%), from €92,625 to €22,983
- Gross operating margin +€336,138
up €336,138 (+10.5%), from €3.2m to €3.5m
- Staff costs +€99,507
up €99,507 (+4.4%), from €2.2m to €2.3m
- Taxes +€54,937
up €54,937 (+22.3%), from €246,258 to €301,195
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 | €4,144,447 | €3,535,803 | -€608,644 | -14.7% |
| Fixed assets | 21/28 | €214,272 | €205,459 | -€8,814 | -4.1% |
| Tangible fixed assets | 22/27 | €192,655 | €183,842 | -€8,814 | -4.6% |
| Land and buildings | 22 | €127,834 | €122,568 | -€5,266 | -4.1% |
| Plant, machinery and equipment | 23 | €27,090 | €38,824 | +€11,735 | +43.3% |
| Furniture and vehicles | 24 | €37,732 | €22,449 | -€15,283 | -40.5% |
| Financial fixed assets | 28 | €21,617 | €21,617 | = | 0.0% |
| Current assets | 29/58 | €3,930,175 | €3,330,344 | -€599,830 | -15.3% |
| Amounts receivable within one year | 40/41 | €2,732,640 | €2,252,244 | -€480,396 | -17.6% |
| Trade receivables | 40 | €2,570,444 | €2,245,223 | -€325,221 | -12.7% |
| Other amounts receivable | 41 | €162,196 | €7,021 | -€155,175 | -95.7% |
| Cash at bank and in hand | 54/58 | €1,122,583 | €996,603 | -€125,980 | -11.2% |
| Deferred charges and accrued income | 490/1 | €74,951 | €81,497 | +€6,546 | +8.7% |
| Total equity and liabilities | 10/49 | €4,144,447 | €3,535,803 | -€608,644 | -14.7% |
| Equity | 10/15 | €1,054,649 | €1,220,084 | +€165,435 | +15.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,034,649 | €1,200,084 | +€165,435 | +16.0% |
| Distributable reserves | 133 | €1,034,649 | €1,200,084 | +€165,435 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,089,798 | €2,315,719 | -€774,079 | -25.1% |
| Amounts payable within one year | 42/48 | €2,911,239 | €2,153,597 | -€757,642 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €92,625 | €22,983 | -€69,642 | -75.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,394,733 | €1,091,118 | -€1.3m | -54.4% |
| Suppliers | 440/4 | €2,394,733 | €1,091,118 | -€1.3m | -54.4% |
| Taxes, remuneration and social security | 45 | €423,881 | €434,847 | +€10,966 | +2.6% |
| Taxes | 450/3 | €228,415 | €226,059 | -€2,356 | -1.0% |
| Remuneration and social security | 454/9 | €195,466 | €208,788 | +€13,322 | +6.8% |
| Other amounts payable | 47/48 | €0 | €604,649 | +€604,649 | |
| Accrued charges and deferred income | 492/3 | €178,559 | €162,122 | -€16,437 | -9.2% |
| Non-recurring operating income | 76A | - | €1,794 | +€1,794 | |
| Remuneration, social security and pensions | 62 | €2,242,704 | €2,342,211 | +€99,507 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,709 | €52,207 | +€498 | +1.0% |
| Other operating charges | 640/8 | €2,270 | €26,871 | +€24,601 | +1,084% |
| Gross operating margin | 9900 | €3,189,806 | €3,525,944 | +€336,138 | +10.5% |
| Operating profit (loss) | 9901 | €893,123 | €1,104,654 | +€211,531 | +23.7% |
| Financial income | 75/76B | €268 | €2,040 | +€1,772 | +662% |
| Recurring financial income | 75 | €268 | €2,040 | +€1,772 | +662% |
| Financial charges | 65/66B | €42,484 | €35,415 | -€7,069 | -16.6% |
| Recurring financial charges | 65 | €42,484 | €35,415 | -€7,069 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €850,907 | €1,071,279 | +€220,372 | +25.9% |
| Income taxes | 67/77 | €246,258 | €301,195 | +€54,937 | +22.3% |
| Profit (loss) for the period | 9904 | €604,649 | €770,084 | +€165,435 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €604,649 | €770,084 | +€165,435 | +27.4% |
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 15 October 2026 via checked.be.