TURAN: 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.
TURAN
Largest movements
- Receivables within one year +€142,929
up €142,929 (+53.2%), from €268,901 to €411,830
of which Other amounts receivable: +€105,058
- Cash -€12,226
down €12,226 (-51.5%), from €23,728 to €11,502
mainly Receivables within one year (-€142,929) and Investment in fixed assets (net) (-€1,700)
- Reserves +€80,000
up €80,000 (+752.2%), from €10,636 to €90,636
of which Distributable reserves: +€80,000
- Tax, wage and social debts +€26,064
up €26,064 (+26.4%), from €98,712 to €124,776
of which Taxes: +€25,655
- Profit (loss) carried forward +€12,387
up €12,387 (+7.4%), from €166,955 to €179,342
- Trade debts +€11,625
up €11,625 (+252.4%), from €4,606 to €16,231
- Taxes -€39,872
down €39,872 (-50.1%), from €79,525 to €39,654
- Staff costs +€7,316
up €7,316 (+48.6%), from €15,065 to €22,381
- Financial income +€5,728
up €5,728 (+52.2%), from €10,971 to €16,698
- Gross operating margin -€4,552
down €4,552 (-3.0%), from €152,703 to €148,151
- Other operating charges +€2,170
up €2,170 (+80.4%), from €2,698 to €4,868
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 | €299,509 | €429,585 | +€130,077 | +43.4% |
| Fixed assets | 21/28 | €6,879 | €6,253 | -€626 | -9.1% |
| Tangible fixed assets | 22/27 | €6,879 | €6,253 | -€626 | -9.1% |
| Plant, machinery and equipment | 23 | - | €1,570 | +€1,570 | |
| Furniture and vehicles | 24 | €6,879 | €4,683 | -€2,196 | -31.9% |
| Current assets | 29/58 | €292,630 | €423,332 | +€130,703 | +44.7% |
| Amounts receivable within one year | 40/41 | €268,901 | €411,830 | +€142,929 | +53.2% |
| Trade receivables | 40 | €12,748 | €50,618 | +€37,871 | +297.1% |
| Other amounts receivable | 41 | €256,154 | €361,212 | +€105,058 | +41.0% |
| Cash at bank and in hand | 54/58 | €23,728 | €11,502 | -€12,226 | -51.5% |
| Total equity and liabilities | 10/49 | €299,509 | €429,585 | +€130,077 | +43.4% |
| Equity | 10/15 | €196,191 | €288,578 | +€92,387 | +47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,636 | €90,636 | +€80,000 | +752.2% |
| Tax-exempt reserves | 132 | €10,636 | €10,636 | = | 0.0% |
| Distributable reserves | 133 | - | €80,000 | +€80,000 | |
| Profit (loss) carried forward | 14 | €166,955 | €179,342 | +€12,387 | +7.4% |
| Amounts payable | 17/49 | €103,317 | €141,007 | +€37,690 | +36.5% |
| Amounts payable within one year | 42/48 | €103,317 | €141,007 | +€37,690 | +36.5% |
| Trade debts | 44 | €4,606 | €16,231 | +€11,625 | +252.4% |
| Suppliers | 440/4 | €4,606 | €16,231 | +€11,625 | +252.4% |
| Taxes, remuneration and social security | 45 | €98,712 | €124,776 | +€26,064 | +26.4% |
| Taxes | 450/3 | €98,659 | €124,314 | +€25,655 | +26.0% |
| Remuneration and social security | 454/9 | €53 | €462 | +€410 | +780.3% |
| Remuneration, social security and pensions | 62 | €15,065 | €22,381 | +€7,316 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,670 | €2,326 | -€345 | -12.9% |
| Other operating charges | 640/8 | €2,698 | €4,868 | +€2,170 | +80.4% |
| Gross operating margin | 9900 | €152,703 | €148,151 | -€4,552 | -3.0% |
| Operating profit (loss) | 9901 | €132,269 | €118,576 | -€13,693 | -10.4% |
| Financial income | 75/76B | €10,971 | €16,698 | +€5,728 | +52.2% |
| Recurring financial income | 75 | €10,971 | €16,698 | +€5,728 | +52.2% |
| Financial charges | 65/66B | €3,059 | €3,234 | +€175 | +5.7% |
| Recurring financial charges | 65 | €3,059 | €3,234 | +€175 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €140,181 | €132,041 | -€8,140 | -5.8% |
| Income taxes | 67/77 | €79,525 | €39,654 | -€39,872 | -50.1% |
| Profit (loss) for the period | 9904 | €60,656 | €92,387 | +€31,731 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,656 | €92,387 | +€31,731 | +52.3% |
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 9 October 2026 via checked.be.