Turbo Projects: 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 Projects
Largest movements
- Cash +€17,470
up €17,470 (+31.5%), from €55,446 to €72,915
mainly Net result for the year (+€42,800) and Depreciation (+€9,172)
- Tangible fixed assets -€6,405
down €6,405 (-15.3%), from €41,976 to €35,571
of which Leasing and similar rights: -€7,892
- Receivables within one year +€3,465
up €3,465 (+11.8%), from €29,456 to €32,922
- Deferred charges and accrued income +€1,806
new in 2025: €1,806
- Reserves +€41,967
up €41,967 (+114%), from €36,772 to €78,739
- Trade debts -€20,297
down €20,297 (-99.1%), from €20,482 to €185
- Debts after one year -€9,292
down €9,292 (-30.4%), from €30,586 to €21,294
- Tax, wage and social debts +€3,336
up €3,336 (+15.4%), from €21,696 to €25,033
- Gross operating margin +€15,277
up €15,277 (+27.4%), from €55,757 to €71,034
- Depreciation +€7,347
up €7,347 (+402%), from €1,825 to €9,172
- Financial charges +€1,456
up €1,456 (+531%), from €274 to €1,730
- Taxes +€1,451
up €1,451 (+9.4%), from €15,376 to €16,827
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 | €126,878 | €143,574 | +€16,696 | +13.2% |
| Fixed assets | 21/28 | €41,976 | €35,931 | -€6,045 | -14.4% |
| Tangible fixed assets | 22/27 | €41,976 | €35,571 | -€6,405 | -15.3% |
| Furniture and vehicles | 24 | €2,582 | €4,070 | +€1,487 | +57.6% |
| Leasing and similar rights | 25 | €39,394 | €31,502 | -€7,892 | -20.0% |
| Financial fixed assets | 28 | - | €360 | +€360 | |
| Current assets | 29/58 | €84,902 | €107,643 | +€22,741 | +26.8% |
| Amounts receivable within one year | 40/41 | €29,456 | €32,922 | +€3,465 | +11.8% |
| Trade receivables | 40 | €29,456 | €32,922 | +€3,465 | +11.8% |
| Cash at bank and in hand | 54/58 | €55,446 | €72,915 | +€17,470 | +31.5% |
| Deferred charges and accrued income | 490/1 | - | €1,806 | +€1,806 | |
| Total equity and liabilities | 10/49 | €126,878 | €143,574 | +€16,696 | +13.2% |
| Equity | 10/15 | €41,772 | €83,739 | +€41,967 | +100% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,772 | €78,739 | +€41,967 | +114% |
| Distributable reserves | 133 | €36,772 | €78,739 | +€41,967 | +114% |
| Amounts payable | 17/49 | €85,106 | €59,835 | -€25,271 | -29.7% |
| Amounts payable after more than one year | 17 | €30,586 | €21,294 | -€9,292 | -30.4% |
| Financial debts | 170/4 | €30,586 | €21,294 | -€9,292 | -30.4% |
| Amounts payable within one year | 42/48 | €54,520 | €38,541 | -€15,979 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €8,875 | €9,292 | +€417 | +4.7% |
| Trade debts | 44 | €20,482 | €185 | -€20,297 | -99.1% |
| Suppliers | 440/4 | €20,482 | €185 | -€20,297 | -99.1% |
| Taxes, remuneration and social security | 45 | €21,696 | €25,033 | +€3,336 | +15.4% |
| Taxes | 450/3 | €21,696 | €25,033 | +€3,336 | +15.4% |
| Other amounts payable | 47/48 | €3,467 | €4,032 | +€565 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,825 | €9,172 | +€7,347 | +402% |
| Other operating charges | 640/8 | €709 | €505 | -€204 | -28.8% |
| Gross operating margin | 9900 | €55,757 | €71,034 | +€15,277 | +27.4% |
| Operating profit (loss) | 9901 | €53,222 | €61,356 | +€8,134 | +15.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €274 | €1,730 | +€1,456 | +531% |
| Recurring financial charges | 65 | €274 | €1,730 | +€1,456 | +531% |
| Profit (loss) for the period before taxes | 9903 | €52,948 | €59,627 | +€6,678 | +12.6% |
| Income taxes | 67/77 | €15,376 | €16,827 | +€1,451 | +9.4% |
| Profit (loss) for the period | 9904 | €37,572 | €42,800 | +€5,227 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,572 | €42,800 | +€5,227 | +13.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.