TURBO: 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.
TURBO
Largest movements
- Receivables within one year +€11,798
up €11,798 (+42.7%), from €27,621 to €39,418
of which Trade receivables: +€11,798
- Cash -€6,569
down €6,569 (-11.9%), from €55,133 to €48,565
mainly Receivables within one year (-€11,798) and Debts after one year (-€4,779)
- Tangible fixed assets -€4,430
down €4,430 (-26.5%), from €16,684 to €12,255
of which Leasing and similar rights: -€4,681
- Reserves +€7,569
up €7,569 (+4.6%), from €165,528 to €173,098
of which Distributable reserves: +€7,569
- Debts after one year -€4,779
down €4,779 (-38.6%), from €12,373 to €7,593
- Gross operating margin -€5,538
down €5,538 (-22.8%), from €24,318 to €18,780
- Taxes -€1,086
down €1,086 (-19.8%), from €5,488 to €4,402
- Other operating charges -€636
down €636 (-35.5%), from €1,791 to €1,155
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 | €201,323 | €202,043 | +€720 | +0.4% |
| Fixed assets | 21/28 | €118,024 | €113,595 | -€4,430 | -3.8% |
| Tangible fixed assets | 22/27 | €16,684 | €12,255 | -€4,430 | -26.5% |
| Furniture and vehicles | 24 | - | €251 | +€251 | |
| Leasing and similar rights | 25 | €16,684 | €12,004 | -€4,681 | -28.1% |
| Financial fixed assets | 28 | €101,340 | €101,340 | = | 0.0% |
| Current assets | 29/58 | €83,299 | €88,448 | +€5,150 | +6.2% |
| Amounts receivable within one year | 40/41 | €27,621 | €39,418 | +€11,798 | +42.7% |
| Trade receivables | 40 | €27,588 | €39,386 | +€11,798 | +42.8% |
| Other amounts receivable | 41 | €33 | €33 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,133 | €48,565 | -€6,569 | -11.9% |
| Deferred charges and accrued income | 490/1 | €545 | €466 | -€79 | -14.5% |
| Total equity and liabilities | 10/49 | €201,323 | €202,043 | +€720 | +0.4% |
| Equity | 10/15 | €171,728 | €179,298 | +€7,569 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,528 | €173,098 | +€7,569 | +4.6% |
| 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 | €163,668 | €171,238 | +€7,569 | +4.6% |
| Amounts payable | 17/49 | €29,595 | €22,746 | -€6,849 | -23.1% |
| Amounts payable after more than one year | 17 | €12,373 | €7,593 | -€4,779 | -38.6% |
| Financial debts | 170/4 | €12,373 | €7,593 | -€4,779 | -38.6% |
| Amounts payable within one year | 42/48 | €16,782 | €14,853 | -€1,929 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €4,565 | €4,779 | +€214 | +4.7% |
| Trade debts | 44 | €645 | €153 | -€492 | -76.2% |
| Suppliers | 440/4 | €645 | €153 | -€492 | -76.2% |
| Taxes, remuneration and social security | 45 | €9,275 | €7,388 | -€1,886 | -20.3% |
| Taxes | 450/3 | €6,752 | €4,844 | -€1,908 | -28.3% |
| Remuneration and social security | 454/9 | €2,523 | €2,544 | +€21 | +0.8% |
| Other amounts payable | 47/48 | €2,297 | €2,532 | +€235 | +10.2% |
| Accrued charges and deferred income | 492/3 | €440 | €299 | -€141 | -32.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,681 | €4,749 | +€68 | +1.5% |
| Other operating charges | 640/8 | €1,791 | €1,155 | -€636 | -35.5% |
| Gross operating margin | 9900 | €24,318 | €18,780 | -€5,538 | -22.8% |
| Operating profit (loss) | 9901 | €17,846 | €12,876 | -€4,970 | -27.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,146 | €904 | -€242 | -21.1% |
| Recurring financial charges | 65 | €1,146 | €904 | -€242 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €16,700 | €11,971 | -€4,728 | -28.3% |
| Income taxes | 67/77 | €5,488 | €4,402 | -€1,086 | -19.8% |
| Profit (loss) for the period | 9904 | €11,212 | €7,569 | -€3,643 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,212 | €7,569 | -€3,643 | -32.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.