TURBO: 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.
TURBO
Largest movements
- Stocks and contracts -€79,177
down €79,177 (-31.4%), from €252,352 to €173,175
- Receivables within one year -€8,940
down €8,940 (-54.9%), from €16,275 to €7,335
of which Trade receivables: -€10,601
- Cash -€5,117
down €5,117 (-48.4%), from €10,568 to €5,451
mainly Short-term financial debts (-€79,819) and Trade debts (-€60,456)
- Short-term financial debts -€79,819
no longer reported in 2025 (was €79,819)
- Debts after one year +€75,128
up €75,128 (+823%), from €9,127 to €84,255
of which Financial debts: +€84,255
- Trade debts -€60,456
down €60,456 (-95.2%), from €63,510 to €3,054
- Profit (loss) carried forward -€23,256
down €23,256 (-46.5%), from €50,066 to €26,810
- Other debts -€4,871
down €4,871 (-11.1%), from €43,914 to €39,043
- Gross operating margin -€19,341
down €19,341, from €10,058 to -€9,283
- Other operating charges +€4,241
up €4,241 (+87.9%), from €4,824 to €9,065
- Financial charges -€1,640
down €1,640 (-27.7%), from €5,926 to €4,286
- Taxes +€256
new in 2025: €256
- Depreciation +€185
up €185 (+102%), from €181 to €367
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 | €280,847 | €187,247 | -€93,600 | -33.3% |
| Fixed assets | 21/28 | €1,652 | €1,285 | -€367 | -22.2% |
| Tangible fixed assets | 22/27 | €1,652 | €1,285 | -€367 | -22.2% |
| Furniture and vehicles | 24 | €1,652 | €1,285 | -€367 | -22.2% |
| Current assets | 29/58 | €279,195 | €185,962 | -€93,233 | -33.4% |
| Stocks and contracts in progress | 3 | €252,352 | €173,175 | -€79,177 | -31.4% |
| Stocks | 30/36 | €252,352 | €173,175 | -€79,177 | -31.4% |
| Amounts receivable within one year | 40/41 | €16,275 | €7,335 | -€8,940 | -54.9% |
| Trade receivables | 40 | €16,275 | €5,675 | -€10,601 | -65.1% |
| Other amounts receivable | 41 | - | €1,661 | +€1,661 | |
| Cash at bank and in hand | 54/58 | €10,568 | €5,451 | -€5,117 | -48.4% |
| Total equity and liabilities | 10/49 | €280,847 | €187,247 | -€93,600 | -33.3% |
| Equity | 10/15 | €84,152 | €60,895 | -€23,256 | -27.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Contributions outside capital | 11 | €30,987 | - | -€30,987 | |
| Share premium | 1100/10 | €30,987 | - | -€30,987 | |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | - | -€3,099 | |
| Reserves not available under the articles | 1311 | €3,099 | - | -€3,099 | |
| Distributable reserves | 133 | - | €3,099 | +€3,099 | |
| Profit (loss) carried forward | 14 | €50,066 | €26,810 | -€23,256 | -46.5% |
| Amounts payable | 17/49 | €196,695 | €126,352 | -€70,343 | -35.8% |
| Amounts payable after more than one year | 17 | €9,127 | €84,255 | +€75,128 | +823% |
| Financial debts | 170/4 | - | €84,255 | +€84,255 | |
| Other amounts payable | 178/9 | €9,127 | - | -€9,127 | |
| Amounts payable within one year | 42/48 | €187,568 | €42,097 | -€145,472 | -77.6% |
| Financial debts | 43 | €79,819 | - | -€79,819 | |
| Credit institutions | 430/8 | €79,819 | - | -€79,819 | |
| Trade debts | 44 | €63,510 | €3,054 | -€60,456 | -95.2% |
| Suppliers | 440/4 | €63,510 | €3,054 | -€60,456 | -95.2% |
| Taxes, remuneration and social security | 45 | €325 | - | -€325 | |
| Taxes | 450/3 | €325 | - | -€325 | |
| Other amounts payable | 47/48 | €43,914 | €39,043 | -€4,871 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | €367 | +€185 | +102% |
| Other operating charges | 640/8 | €4,824 | €9,065 | +€4,241 | +87.9% |
| Gross operating margin | 9900 | €10,058 | -€9,283 | -€19,341 | |
| Operating profit (loss) | 9901 | €5,053 | -€18,715 | -€23,768 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,926 | €4,286 | -€1,640 | -27.7% |
| Recurring financial charges | 65 | €5,926 | €4,286 | -€1,640 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€872 | -€23,000 | -€22,128 | -2,537% |
| Income taxes | 67/77 | - | €256 | +€256 | |
| Profit (loss) for the period | 9904 | -€872 | -€23,256 | -€22,384 | -2,566% |
| Profit (loss) for the period to be appropriated | 9905 | -€872 | -€23,256 | -€22,384 | -2,566% |
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 22 October 2026 via checked.be.