Tartaruga Consulting: 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.
Tartaruga Consulting
Largest movements
- Current investments +€23,998
up €23,998 (+351%), from €6,829 to €30,827
- Tangible fixed assets -€4,950
down €4,950 (-59.8%), from €8,277 to €3,327
- Cash +€4,222
up €4,222 (+9.3%), from €45,378 to €49,600
mainly Net result for the year (+€43,706) and Depreciation (+€4,950)
- Receivables within one year +€1,356
up €1,356 (+3.4%), from €40,167 to €41,523
of which Other amounts receivable: +€1,376
- Profit (loss) carried forward +€43,706
up €43,706 (+75.5%), from €57,919 to €101,625
- Tax, wage and social debts -€15,837
down €15,837 (-59.2%), from €26,739 to €10,902
of which Taxes: -€9,535
- Trade debts -€1,933
down €1,933 (-31.8%), from €6,071 to €4,138
- Other debts -€1,311
down €1,311 (-26.6%), from €4,922 to €3,611
- Gross operating margin -€14,361
down €14,361 (-18.5%), from €77,421 to €63,060
- Depreciation +€3,327
up €3,327 (+205%), from €1,623 to €4,950
- Taxes -€2,885
down €2,885 (-17.3%), from €16,711 to €13,826
- Financial income +€962
new in 2025: €962
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 | €100,651 | €125,276 | +€24,626 | +24.5% |
| Fixed assets | 21/28 | €8,277 | €3,327 | -€4,950 | -59.8% |
| Tangible fixed assets | 22/27 | €8,277 | €3,327 | -€4,950 | -59.8% |
| Furniture and vehicles | 24 | €8,277 | €3,327 | -€4,950 | -59.8% |
| Current assets | 29/58 | €92,374 | €121,949 | +€29,576 | +32.0% |
| Amounts receivable within one year | 40/41 | €40,167 | €41,523 | +€1,356 | +3.4% |
| Trade receivables | 40 | €40,167 | €40,147 | -€20 | 0.0% |
| Other amounts receivable | 41 | - | €1,376 | +€1,376 | |
| Current investments | 50/53 | €6,829 | €30,827 | +€23,998 | +351% |
| Cash at bank and in hand | 54/58 | €45,378 | €49,600 | +€4,222 | +9.3% |
| Total equity and liabilities | 10/49 | €100,651 | €125,276 | +€24,626 | +24.5% |
| Equity | 10/15 | €62,919 | €106,625 | +€43,706 | +69.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,919 | €101,625 | +€43,706 | +75.5% |
| Amounts payable | 17/49 | €37,732 | €18,651 | -€19,081 | -50.6% |
| Amounts payable within one year | 42/48 | €37,732 | €18,651 | -€19,081 | -50.6% |
| Trade debts | 44 | €6,071 | €4,138 | -€1,933 | -31.8% |
| Suppliers | 440/4 | €6,071 | €4,138 | -€1,933 | -31.8% |
| Taxes, remuneration and social security | 45 | €26,739 | €10,902 | -€15,837 | -59.2% |
| Taxes | 450/3 | €20,437 | €10,902 | -€9,535 | -46.7% |
| Remuneration and social security | 454/9 | €6,302 | - | -€6,302 | |
| Other amounts payable | 47/48 | €4,922 | €3,611 | -€1,311 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,623 | €4,950 | +€3,327 | +205% |
| Other operating charges | 640/8 | €418 | €607 | +€189 | +45.2% |
| Gross operating margin | 9900 | €77,421 | €63,060 | -€14,361 | -18.5% |
| Operating profit (loss) | 9901 | €75,380 | €57,503 | -€17,877 | -23.7% |
| Financial income | 75/76B | - | €962 | +€962 | |
| Recurring financial income | 75 | - | €962 | +€962 | |
| Financial charges | 65/66B | €750 | €933 | +€183 | +24.4% |
| Recurring financial charges | 65 | €750 | €933 | +€183 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €74,630 | €57,533 | -€17,097 | -22.9% |
| Income taxes | 67/77 | €16,711 | €13,826 | -€2,885 | -17.3% |
| Profit (loss) for the period | 9904 | €57,919 | €43,706 | -€14,213 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,919 | €43,706 | -€14,213 | -24.5% |
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 18 October 2026 via checked.be.