TOURN'EOLE: 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.
TOURN'EOLE
Largest movements
- Receivables within one year -€287,211
down €287,211 (-31.8%), from €902,539 to €615,328
of which Trade receivables: -€259,669
- Cash +€101,348
up €101,348 (+54.6%), from €185,486 to €286,834
mainly Receivables within one year (+€287,211) and Tax, wage and social debts (+€43,674)
- Reserves -€221,023
down €221,023 (-75.2%), from €293,940 to €72,916
- Trade debts -€59,149
down €59,149 (-80.4%), from €73,543 to €14,394
- Tax, wage and social debts +€43,674
new in 2025: €43,674
- Provisions +€40,000
up €40,000 (+25.0%), from €160,000 to €200,000
- Accrued charges and deferred income +€18,244
up €18,244 (+363.4%), from €5,021 to €23,265
- Gross operating margin -€240,660
down €240,660, from €113,080 to -€127,580
- Taxes -€15,258
down €15,258, from €14,250 to -€1,008
- Financial income -€13,515
no longer reported in 2025 (was €13,515)
- Financial charges +€5,794
up €5,794 (+25.6%), from €22,659 to €28,453
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.
Cash bridge derived
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 | €1,132,504 | €955,611 | -€176,893 | -15.6% |
| Fixed assets | 21/28 | €39,143 | €39,143 | = | 0.0% |
| Financial fixed assets | 28 | €39,143 | €39,143 | = | 0.0% |
| Current assets | 29/58 | €1,093,361 | €916,468 | -€176,893 | -16.2% |
| Amounts receivable within one year | 40/41 | €902,539 | €615,328 | -€287,211 | -31.8% |
| Trade receivables | 40 | €781,988 | €522,320 | -€259,669 | -33.2% |
| Other amounts receivable | 41 | €120,551 | €93,008 | -€27,543 | -22.8% |
| Cash at bank and in hand | 54/58 | €185,486 | €286,834 | +€101,348 | +54.6% |
| Deferred charges and accrued income | 490/1 | €5,336 | €14,306 | +€8,970 | +168.1% |
| Total equity and liabilities | 10/49 | €1,132,504 | €955,611 | -€176,893 | -15.6% |
| Equity | 10/15 | €393,940 | €172,916 | -€221,023 | -56.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €293,940 | €72,916 | -€221,023 | -75.2% |
| Distributable reserves | 133 | €293,940 | €72,916 | -€221,023 | -75.2% |
| Provisions and deferred taxes | 16 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Provisions for liabilities and charges | 160/5 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Environmental obligations | 163 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Amounts payable | 17/49 | €578,564 | €582,694 | +€4,130 | +0.7% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,543 | €59,430 | -€14,114 | -19.2% |
| Trade debts | 44 | €73,543 | €14,394 | -€59,149 | -80.4% |
| Suppliers | 440/4 | €73,543 | €14,394 | -€59,149 | -80.4% |
| Advances received on contracts in progress | 46 | - | €1,362 | +€1,362 | |
| Taxes, remuneration and social security | 45 | - | €43,674 | +€43,674 | |
| Taxes | 450/3 | - | €43,674 | +€43,674 | |
| Accrued charges and deferred income | 492/3 | €5,021 | €23,265 | +€18,244 | +363.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,000 | €40,000 | = | 0.0% |
| Other operating charges | 640/8 | €25,968 | €25,998 | +€31 | +0.1% |
| Gross operating margin | 9900 | €113,080 | -€127,580 | -€240,660 | |
| Operating profit (loss) | 9901 | €47,112 | -€193,579 | -€240,691 | |
| Financial income | 75/76B | €13,515 | - | -€13,515 | |
| Recurring financial income | 75 | €13,515 | - | -€13,515 | |
| Financial charges | 65/66B | €22,659 | €28,453 | +€5,794 | +25.6% |
| Recurring financial charges | 65 | €22,659 | €28,453 | +€5,794 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €37,968 | -€222,031 | -€259,999 | |
| Income taxes | 67/77 | €14,250 | -€1,008 | -€15,258 | |
| Profit (loss) for the period | 9904 | €23,718 | -€221,023 | -€244,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,718 | -€221,023 | -€244,741 |
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 10 October 2026 via checked.be.