TOURNAVIS: what changed
Two fiscal 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.
TOURNAVIS
Largest movements
- Tangible fixed assets -€12,682
down €12,682 (-47.4%), from €26,732 to €14,051
of which Furniture and vehicles: -€12,377
- Receivables within one year -€10,891
down €10,891 (-47.9%), from €22,756 to €11,865
of which Trade receivables: -€8,978
- Cash -€4,662
down €4,662 (-10.5%), from €44,247 to €39,585
mainly Net result for the year (-€21,534) and Contributions, distributions and other (-€6,599)
- Profit (loss) carried forward -€21,534
down €21,534, from €1,055 to -€20,479
- Other debts +€8,492
new in 2025: €8,492
- Reserves -€6,599
down €6,599 (-11.1%), from €59,319 to €52,721
- Current portion of long-term debt -€6,586
down €6,586 (-66.4%), from €9,923 to €3,336
- Debts after one year -€3,336
no longer reported in 2025 (was €3,336)
- Gross operating margin -€21,057
down €21,057, from €17,084 to -€3,973
- Financial income -€4,069
down €4,069 (-99.9%), from €4,072 to €3
of which Non-recurring financial income: -€4,072
- Taxes -€1,712
down €1,712 (-92.3%), from €1,856 to €144
- Other operating charges +€826
up €826 (+162.7%), from €507 to €1,333
- Depreciation +€288
up €288 (+1.9%), from €15,252 to €15,540
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 | €93,813 | €65,707 | -€28,106 | -30.0% |
| Fixed assets | 21/28 | €26,732 | €14,051 | -€12,682 | -47.4% |
| Tangible fixed assets | 22/27 | €26,732 | €14,051 | -€12,682 | -47.4% |
| Plant, machinery and equipment | 23 | €5,371 | €5,067 | -€304 | -5.7% |
| Furniture and vehicles | 24 | €21,361 | €8,984 | -€12,377 | -57.9% |
| Current assets | 29/58 | €67,080 | €51,656 | -€15,424 | -23.0% |
| Amounts receivable within one year | 40/41 | €22,756 | €11,865 | -€10,891 | -47.9% |
| Trade receivables | 40 | €10,987 | €2,009 | -€8,978 | -81.7% |
| Other amounts receivable | 41 | €11,770 | €9,856 | -€1,913 | -16.3% |
| Cash at bank and in hand | 54/58 | €44,247 | €39,585 | -€4,662 | -10.5% |
| Deferred charges and accrued income | 490/1 | €77 | €206 | +€129 | +167.2% |
| Total equity and liabilities | 10/49 | €93,813 | €65,707 | -€28,106 | -30.0% |
| Equity | 10/15 | €72,774 | €44,641 | -€28,133 | -38.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,319 | €52,721 | -€6,599 | -11.1% |
| Distributable reserves | 133 | €59,319 | €52,721 | -€6,599 | -11.1% |
| Profit (loss) carried forward | 14 | €1,055 | -€20,479 | -€21,534 | |
| Amounts payable | 17/49 | €21,039 | €21,065 | +€27 | +0.1% |
| Amounts payable after more than one year | 17 | €3,336 | - | -€3,336 | |
| Financial debts | 170/4 | €3,336 | - | -€3,336 | |
| Amounts payable within one year | 42/48 | €16,496 | €19,965 | +€3,469 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €9,923 | €3,336 | -€6,586 | -66.4% |
| Financial debts | 43 | €3,390 | €3,378 | -€12 | -0.4% |
| Other loans | 439 | €3,390 | €3,378 | -€12 | -0.4% |
| Trade debts | 44 | - | €2,680 | +€2,680 | |
| Suppliers | 440/4 | - | €2,680 | +€2,680 | |
| Taxes, remuneration and social security | 45 | €3,183 | €2,078 | -€1,105 | -34.7% |
| Taxes | 450/3 | €436 | €2,078 | +€1,642 | +376.4% |
| Remuneration and social security | 454/9 | €2,747 | - | -€2,747 | |
| Other amounts payable | 47/48 | - | €8,492 | +€8,492 | |
| Accrued charges and deferred income | 492/3 | €1,206 | €1,100 | -€106 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,252 | €15,540 | +€288 | +1.9% |
| Other operating charges | 640/8 | €507 | €1,333 | +€826 | +162.7% |
| Gross operating margin | 9900 | €17,084 | -€3,973 | -€21,057 | |
| Operating profit (loss) | 9901 | €1,325 | -€20,846 | -€22,171 | |
| Financial income | 75/76B | €4,072 | €3 | -€4,069 | -99.9% |
| Recurring financial income | 75 | €4,072 | €3 | -€4,069 | -99.9% |
| Non-recurring financial income | 76B | €4,072 | - | -€4,072 | |
| Financial charges | 65/66B | €751 | €548 | -€203 | -27.0% |
| Recurring financial charges | 65 | €751 | €548 | -€203 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €4,647 | -€21,390 | -€26,037 | |
| Income taxes | 67/77 | €1,856 | €144 | -€1,712 | -92.3% |
| Profit (loss) for the period | 9904 | €2,791 | -€21,534 | -€24,325 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,791 | -€21,534 | -€24,325 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.