THE THREE TURTLES BVBA: 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.
THE THREE TURTLES BVBA
Largest movements
- Receivables within one year -€14,423
down €14,423 (-12.5%), from €115,148 to €100,725
of which Trade receivables: -€14,673
- Stocks and contracts -€7,950
down €7,950 (-6.3%), from €125,889 to €117,939
- Trade debts -€18,112
down €18,112 (-89.8%), from €20,179 to €2,067
- Reserves -€4,054
down €4,054 (-8.9%), from €45,464 to €41,411
- Financial charges -€1,022
down €1,022 (-70.9%), from €1,442 to €420
- Gross operating margin -€894
down €894 (-42.9%), from -€2,087 to -€2,981
- Other operating charges +€427
up €427 (+189%), from €226 to €653
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 | €241,422 | €219,218 | -€22,205 | -9.2% |
| Current assets | 29/58 | €241,422 | €219,218 | -€22,205 | -9.2% |
| Stocks and contracts in progress | 3 | €125,889 | €117,939 | -€7,950 | -6.3% |
| Stocks | 30/36 | €125,889 | €117,939 | -€7,950 | -6.3% |
| Amounts receivable within one year | 40/41 | €115,148 | €100,725 | -€14,423 | -12.5% |
| Trade receivables | 40 | €115,071 | €100,398 | -€14,673 | -12.8% |
| Other amounts receivable | 41 | €77 | €326 | +€250 | +327% |
| Cash at bank and in hand | 54/58 | €386 | €553 | +€168 | +43.4% |
| Total equity and liabilities | 10/49 | €241,422 | €219,218 | -€22,205 | -9.2% |
| Equity | 10/15 | €58,864 | €54,811 | -€4,054 | -6.9% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €45,464 | €41,411 | -€4,054 | -8.9% |
| Distributable reserves | 133 | €45,464 | €41,411 | -€4,054 | -8.9% |
| Amounts payable | 17/49 | €182,558 | €164,407 | -€18,151 | -9.9% |
| Amounts payable within one year | 42/48 | €182,558 | €164,407 | -€18,151 | -9.9% |
| Trade debts | 44 | €20,179 | €2,067 | -€18,112 | -89.8% |
| Suppliers | 440/4 | €20,179 | €2,067 | -€18,112 | -89.8% |
| Taxes, remuneration and social security | 45 | €40 | €0 | -€40 | -100% |
| Taxes | 450/3 | €40 | €0 | -€40 | -100% |
| Other amounts payable | 47/48 | €162,340 | €162,340 | = | 0.0% |
| Other operating charges | 640/8 | €226 | €653 | +€427 | +189% |
| Gross operating margin | 9900 | -€2,087 | -€2,981 | -€894 | -42.9% |
| Operating profit (loss) | 9901 | -€2,313 | -€3,634 | -€1,321 | -57.1% |
| Financial charges | 65/66B | €1,442 | €420 | -€1,022 | -70.9% |
| Recurring financial charges | 65 | €1,442 | €420 | -€1,022 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,754 | -€4,054 | -€299 | -8.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,754 | -€4,054 | -€299 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,754 | -€4,054 | -€299 | -8.0% |
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 24 October 2026 via checked.be.