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
- Tangible fixed assets -€53,573
down €53,573 (-13.2%), from €406,231 to €352,658
of which Leasing and similar rights: -€33,254
- Cash +€6,821
up €6,821 (+106%), from €6,430 to €13,251
mainly Depreciation (+€60,927) and Other debts (+€40,012)
- Receivables within one year -€5,921
down €5,921 (-6.1%), from €96,995 to €91,074
of which Trade receivables: -€46,908
- Profit (loss) carried forward -€55,330
down €55,330 (-43.4%), from €127,540 to €72,210
- Other debts +€40,012
new in 2024: €40,012
- Current portion of long-term debt -€28,948
down €28,948 (-38.2%), from €75,788 to €46,839
- Tax, wage and social debts -€25,409
down €25,409 (-29.4%), from €86,450 to €61,041
of which Remuneration and social security: -€19,732
- Short-term financial debts +€25,000
up €25,000 (+100%), from €25,000 to €50,000
- Gross operating margin -€81,947
down €81,947 (-41.5%), from €197,566 to €115,620
- Other operating charges -€8,068
down €8,068 (-30.5%), from €26,484 to €18,415
- Taxes -€5,601
down €5,601 (-96.2%), from €5,821 to €220
- Depreciation -€3,552
down €3,552 (-5.5%), from €64,479 to €60,927
- Financial income +€2,774
up €2,774 (+63.1%), from €4,396 to €7,170
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,821 | €463,734 | -€51,087 | -9.9% |
| Fixed assets | 21/28 | €406,231 | €352,658 | -€53,573 | -13.2% |
| Tangible fixed assets | 22/27 | €406,231 | €352,658 | -€53,573 | -13.2% |
| Land and buildings | 22 | €270,167 | €255,559 | -€14,608 | -5.4% |
| Plant, machinery and equipment | 23 | €4,457 | €3,135 | -€1,322 | -29.7% |
| Furniture and vehicles | 24 | €22,814 | €18,425 | -€4,389 | -19.2% |
| Leasing and similar rights | 25 | €108,793 | €75,539 | -€33,254 | -30.6% |
| Current assets | 29/58 | €108,590 | €111,076 | +€2,487 | +2.3% |
| Stocks and contracts in progress | 3 | €5,165 | €5,165 | = | 0.0% |
| Stocks | 30/36 | €5,165 | €5,165 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,995 | €91,074 | -€5,921 | -6.1% |
| Trade receivables | 40 | €81,151 | €34,244 | -€46,908 | -57.8% |
| Other amounts receivable | 41 | €15,843 | €56,830 | +€40,987 | +259% |
| Cash at bank and in hand | 54/58 | €6,430 | €13,251 | +€6,821 | +106% |
| Deferred charges and accrued income | 490/1 | - | €1,586 | +€1,586 | |
| Total equity and liabilities | 10/49 | €514,821 | €463,734 | -€51,087 | -9.9% |
| Equity | 10/15 | €148,000 | €92,670 | -€55,330 | -37.4% |
| 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 | €127,540 | €72,210 | -€55,330 | -43.4% |
| Amounts payable | 17/49 | €366,821 | €371,064 | +€4,243 | +1.2% |
| Amounts payable after more than one year | 17 | €129,585 | €112,746 | -€16,839 | -13.0% |
| Financial debts | 170/4 | €129,585 | €112,746 | -€16,839 | -13.0% |
| Amounts payable within one year | 42/48 | €237,235 | €258,318 | +€21,082 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €75,788 | €46,839 | -€28,948 | -38.2% |
| Financial debts | 43 | €25,000 | €50,000 | +€25,000 | +100% |
| Credit institutions | 430/8 | €25,000 | €50,000 | +€25,000 | +100% |
| Trade debts | 44 | €49,998 | €60,426 | +€10,428 | +20.9% |
| Suppliers | 440/4 | €49,998 | €60,426 | +€10,428 | +20.9% |
| Taxes, remuneration and social security | 45 | €86,450 | €61,041 | -€25,409 | -29.4% |
| Taxes | 450/3 | €46,508 | €40,831 | -€5,677 | -12.2% |
| Remuneration and social security | 454/9 | €39,942 | €20,210 | -€19,732 | -49.4% |
| Other amounts payable | 47/48 | - | €40,012 | +€40,012 | |
| Remuneration, social security and pensions | 62 | €80,293 | €80,667 | +€374 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,479 | €60,927 | -€3,552 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,023 | - | +€1,023 | |
| Other operating charges | 640/8 | €26,484 | €18,415 | -€8,068 | -30.5% |
| Gross operating margin | 9900 | €197,566 | €115,620 | -€81,947 | -41.5% |
| Operating profit (loss) | 9901 | €27,334 | -€44,389 | -€71,723 | |
| Financial income | 75/76B | €4,396 | €7,170 | +€2,774 | +63.1% |
| Recurring financial income | 75 | €4,396 | €7,170 | +€2,774 | +63.1% |
| Financial charges | 65/66B | €19,248 | €17,892 | -€1,356 | -7.0% |
| Recurring financial charges | 65 | €19,248 | €17,892 | -€1,356 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €12,482 | -€55,110 | -€67,593 | |
| Income taxes | 67/77 | €5,821 | €220 | -€5,601 | -96.2% |
| Profit (loss) for the period | 9904 | €6,661 | -€55,330 | -€61,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,661 | -€55,330 | -€61,992 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.