TOURBACH BENJAMIN: 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.
What changed
TOURBACH BENJAMIN
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€73,256
2024 · €38,183+€35,073
Equity
€447,923
2024 · €374,668+€73,256
Cash
€120,774
2024 · €83,340+€37,434
Balance sheet total
€726,590
2024 · €667,311+€59,279
Largest movements
Assets
- Cash +€37,434
up €37,434 (+44.9%), from €83,340 to €120,774
mainly Net result for the year (+€73,256) and Depreciation (+€55,526)
- Stocks and contracts +€16,631
up €16,631 (+25.1%), from €66,239 to €82,870
Equity and liabilities
- Profit (loss) carried forward +€68,256
up €68,256 (+20.1%), from €339,208 to €407,463
- Debts after one year -€17,561
down €17,561 (-6.8%), from €256,728 to €239,166
Income statement
- Gross operating margin +€45,515
up €45,515 (+38.7%), from €117,557 to €163,072
- Taxes +€10,737
up €10,737 (+87.8%), from €12,224 to €22,961
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.
Result 2024
€38,183
Gross operating margin
+€45,515
Staff costs
+€7
Depreciation
+€611
Other operating charges
-€1,104
Financial income
+€183
Financial charges
+€599
Taxes
-€10,737
Result 2025
€73,256
raises the resultlowers the result
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.
From operations
+€102,399
Investment
-€52,281
Financing
-€12,684
Cash 2024
€83,340
From operations (derived)
+€102,399
Net result for the year
+€73,256
Depreciation
+€55,526
Stocks and contracts
-€16,631
Receivables within one year
-€5,381
Deferred charges and accrued income
-€3,078
Trade debts
+€63
Tax, wage and social debts
-€500
Other debts
-€856
Investment (derived)
-€52,281
Investment in fixed assets (net)
-€52,281
Financing
-€12,684
Debts after one year
-€17,561
Current portion of long-term debt
+€4,877
Cash 2025
€120,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €667,311 | €726,590 | +€59,279 | +8.9% |
| Fixed assets | 21/28 | €462,759 | €459,514 | -€3,245 | -0.7% |
| Tangible fixed assets | 22/27 | €462,122 | €458,809 | -€3,313 | -0.7% |
| Land and buildings | 22 | €362,755 | €344,436 | -€18,319 | -5.1% |
| Plant, machinery and equipment | 23 | €3,780 | €2,514 | -€1,266 | -33.5% |
| Furniture and vehicles | 24 | €95,587 | €111,859 | +€16,272 | +17.0% |
| Financial fixed assets | 28 | €637 | €705 | +€68 | +10.7% |
| Current assets | 29/58 | €204,552 | €267,076 | +€62,524 | +30.6% |
| Stocks and contracts in progress | 3 | €66,239 | €82,870 | +€16,631 | +25.1% |
| Stocks | 30/36 | €66,239 | €82,870 | +€16,631 | +25.1% |
| Amounts receivable within one year | 40/41 | €51,558 | €56,940 | +€5,381 | +10.4% |
| Trade receivables | 40 | €16,185 | €37,649 | +€21,463 | +133% |
| Other amounts receivable | 41 | €35,373 | €19,291 | -€16,082 | -45.5% |
| Cash at bank and in hand | 54/58 | €83,340 | €120,774 | +€37,434 | +44.9% |
| Deferred charges and accrued income | 490/1 | €3,415 | €6,492 | +€3,078 | +90.1% |
| Total equity and liabilities | 10/49 | €667,311 | €726,590 | +€59,279 | +8.9% |
| Equity | 10/15 | €374,668 | €447,923 | +€73,256 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €21,860 | +€5,000 | +29.7% |
| Distributable reserves | 133 | €16,860 | €21,860 | +€5,000 | +29.7% |
| Profit (loss) carried forward | 14 | €339,208 | €407,463 | +€68,256 | +20.1% |
| Amounts payable | 17/49 | €292,643 | €278,667 | -€13,977 | -4.8% |
| Amounts payable after more than one year | 17 | €256,728 | €239,166 | -€17,561 | -6.8% |
| Financial debts | 170/4 | €256,728 | €239,166 | -€17,561 | -6.8% |
| Amounts payable within one year | 42/48 | €35,915 | €39,500 | +€3,585 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €29,487 | €34,364 | +€4,877 | +16.5% |
| Trade debts | 44 | €14 | €77 | +€63 | +465% |
| Suppliers | 440/4 | €14 | €77 | +€63 | +465% |
| Taxes, remuneration and social security | 45 | €1,000 | €500 | -€500 | -50.0% |
| Taxes | 450/3 | €1,000 | €500 | -€500 | -50.0% |
| Other amounts payable | 47/48 | €5,415 | €4,559 | -€856 | -15.8% |
| Remuneration, social security and pensions | 62 | €7 | - | -€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,137 | €55,526 | -€611 | -1.1% |
| Other operating charges | 640/8 | €3,630 | €4,735 | +€1,104 | +30.4% |
| Gross operating margin | 9900 | €117,557 | €163,072 | +€45,515 | +38.7% |
| Operating profit (loss) | 9901 | €57,782 | €102,811 | +€45,029 | +77.9% |
| Financial income | 75/76B | €2,318 | €2,500 | +€183 | +7.9% |
| Recurring financial income | 75 | €2,318 | €2,500 | +€183 | +7.9% |
| Financial charges | 65/66B | €9,693 | €9,094 | -€599 | -6.2% |
| Recurring financial charges | 65 | €9,693 | €9,094 | -€599 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €50,406 | €96,217 | +€45,811 | +90.9% |
| Income taxes | 67/77 | €12,224 | €22,961 | +€10,737 | +87.8% |
| Profit (loss) for the period | 9904 | €38,183 | €73,256 | +€35,073 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,183 | €73,256 | +€35,073 | +91.9% |
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.