Tournel Projects: 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.
Tournel Projects
Largest movements
- Receivables within one year +€6,039
up €6,039 (+125.0%), from €4,831 to €10,869
of which Trade receivables: +€9,050
- Cash -€5,916
no longer reported in 2025 (was €5,916)
mainly Net result for the year (-€36,167) and Receivables within one year (-€6,039)
- Tangible fixed assets -€2,535
no longer reported in 2025 (was €2,535)
of which Furniture and vehicles: -€2,528
- Deferred charges and accrued income -€790
down €790 (-51.9%), from €1,520 to €730
- Profit (loss) carried forward -€36,167
down €36,167 (-60.4%), from -€59,887 to -€96,054
- Short-term financial debts +€24,388
new in 2025: €24,388
- Trade debts +€8,942
up €8,942 (+78.1%), from €11,444 to €20,386
- Tax, wage and social debts -€365
down €365 (-8.1%), from €4,524 to €4,158
of which Remuneration and social security: -€2,210
- Gross operating margin -€25,637
down €25,637 (-744.5%), from -€3,444 to -€29,080
- Depreciation -€1,366
down €1,366 (-35.0%), from €3,901 to €2,535
- Financial charges +€677
up €677 (+388.0%), from €174 to €851
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 | €14,802 | €11,600 | -€3,202 | -21.6% |
| Fixed assets | 21/28 | €2,535 | - | -€2,535 | |
| Tangible fixed assets | 22/27 | €2,535 | - | -€2,535 | |
| Land and buildings | 22 | €7 | - | -€7 | |
| Furniture and vehicles | 24 | €2,528 | - | -€2,528 | |
| Current assets | 29/58 | €12,267 | €11,600 | -€667 | -5.4% |
| Amounts receivable within one year | 40/41 | €4,831 | €10,869 | +€6,039 | +125.0% |
| Trade receivables | 40 | €1,160 | €10,210 | +€9,050 | +779.9% |
| Other amounts receivable | 41 | €3,670 | €659 | -€3,011 | -82.0% |
| Cash at bank and in hand | 54/58 | €5,916 | - | -€5,916 | |
| Deferred charges and accrued income | 490/1 | €1,520 | €730 | -€790 | -51.9% |
| Total equity and liabilities | 10/49 | €14,802 | €11,600 | -€3,202 | -21.6% |
| Equity | 10/15 | -€1,165 | -€37,332 | -€36,167 | -3103.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,521 | €52,521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,661 | €50,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,887 | -€96,054 | -€36,167 | -60.4% |
| Amounts payable | 17/49 | €15,968 | €48,932 | +€32,965 | +206.4% |
| Amounts payable within one year | 42/48 | €15,968 | €48,932 | +€32,965 | +206.4% |
| Financial debts | 43 | - | €24,388 | +€24,388 | |
| Other loans | 439 | - | €24,388 | +€24,388 | |
| Trade debts | 44 | €11,444 | €20,386 | +€8,942 | +78.1% |
| Suppliers | 440/4 | €11,444 | €20,386 | +€8,942 | +78.1% |
| Taxes, remuneration and social security | 45 | €4,524 | €4,158 | -€365 | -8.1% |
| Taxes | 450/3 | €2,314 | €4,158 | +€1,845 | +79.7% |
| Remuneration and social security | 454/9 | €2,210 | - | -€2,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,901 | €2,535 | -€1,366 | -35.0% |
| Other operating charges | 640/8 | €3,357 | €3,122 | -€235 | -7.0% |
| Gross operating margin | 9900 | -€3,444 | -€29,080 | -€25,637 | -744.5% |
| Operating profit (loss) | 9901 | -€10,701 | -€34,737 | -€24,036 | -224.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €174 | €851 | +€677 | +388.0% |
| Recurring financial charges | 65 | €174 | €851 | +€677 | +388.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,876 | -€35,588 | -€24,713 | -227.2% |
| Income taxes | 67/77 | €562 | €578 | +€17 | +3.0% |
| Profit (loss) for the period | 9904 | -€11,437 | -€36,167 | -€24,730 | -216.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,437 | -€36,167 | -€24,730 | -216.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.