TURBINES SERVICES: 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.
TURBINES SERVICES
Largest movements
- Cash +€16,151
up €16,151 (+363%), from €4,449 to €20,600
mainly Net result for the year (+€26,753) and Depreciation (+€2,189)
- Receivables within one year +€12,791
up €12,791 (+8.7%), from €147,606 to €160,397
- Tangible fixed assets -€2,189
down €2,189 (-58.4%), from €3,748 to €1,558
of which Plant, machinery and equipment: -€1,670
- Profit (loss) carried forward +€26,753
up €26,753 (+20.8%), from €128,343 to €155,096
- Gross operating margin -€25,218
down €25,218 (-52.1%), from €48,381 to €23,164
- Depreciation -€1,916
down €1,916 (-46.7%), from €4,105 to €2,189
- Financial income +€1,186
up €1,186 (+20.3%), from €5,849 to €7,035
- Staff costs -€828
no longer reported in 2025 (was €828)
- Financial charges +€569
up €569 (+583%), from €98 to €666
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,803 | €182,556 | +€26,753 | +17.2% |
| Fixed assets | 21/28 | €3,748 | €1,558 | -€2,189 | -58.4% |
| Tangible fixed assets | 22/27 | €3,748 | €1,558 | -€2,189 | -58.4% |
| Plant, machinery and equipment | 23 | €1,670 | - | -€1,670 | |
| Furniture and vehicles | 24 | €2,078 | €1,558 | -€519 | -25.0% |
| Current assets | 29/58 | €152,055 | €180,998 | +€28,942 | +19.0% |
| Amounts receivable within one year | 40/41 | €147,606 | €160,397 | +€12,791 | +8.7% |
| Other amounts receivable | 41 | €147,606 | €160,397 | +€12,791 | +8.7% |
| Cash at bank and in hand | 54/58 | €4,449 | €20,600 | +€16,151 | +363% |
| Total equity and liabilities | 10/49 | €155,803 | €182,556 | +€26,753 | +17.2% |
| Equity | 10/15 | €148,803 | €175,556 | +€26,753 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €128,343 | €155,096 | +€26,753 | +20.8% |
| Amounts payable | 17/49 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,000 | €7,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,000 | €7,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €828 | - | -€828 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,105 | €2,189 | -€1,916 | -46.7% |
| Other operating charges | 640/8 | €285 | €590 | +€305 | +107% |
| Gross operating margin | 9900 | €48,381 | €23,164 | -€25,218 | -52.1% |
| Operating profit (loss) | 9901 | €43,163 | €20,384 | -€22,779 | -52.8% |
| Financial income | 75/76B | €5,849 | €7,035 | +€1,186 | +20.3% |
| Recurring financial income | 75 | €5,849 | €7,035 | +€1,186 | +20.3% |
| Financial charges | 65/66B | €98 | €666 | +€569 | +583% |
| Recurring financial charges | 65 | €98 | €666 | +€569 | +583% |
| Profit (loss) for the period before taxes | 9903 | €48,914 | €26,753 | -€22,161 | -45.3% |
| Profit (loss) for the period | 9904 | €48,914 | €26,753 | -€22,161 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,914 | €26,753 | -€22,161 | -45.3% |
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.