TURBO PROPERTIES: 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 PROPERTIES
Largest movements
- Receivables within one year -€87,834
down €87,834 (-50.4%), from €174,441 to €86,607
of which Other amounts receivable: -€102,000
- Tangible fixed assets +€64,060
up €64,060 (+19.9%), from €321,750 to €385,810
- Debts after one year -€54,274
down €54,274 (-16.1%), from €337,805 to €283,531
- Other debts +€25,159
new in 2025: €25,159
- Tax, wage and social debts +€5,196
new in 2025: €5,196
- Gross operating margin +€10,310
up €10,310 (+18.2%), from €56,741 to €67,051
- Taxes +€5,196
new in 2025: €5,196
- Other operating charges +€3,521
up €3,521 (+37.0%), from €9,526 to €13,046
- Financial charges -€1,726
down €1,726 (-12.5%), from €13,834 to €12,108
- Depreciation +€985
up €985 (+3.1%), from €32,175 to €33,160
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 | €505,998 | €484,922 | -€21,077 | -4.2% |
| Fixed assets | 21/28 | €321,750 | €385,810 | +€64,060 | +19.9% |
| Tangible fixed assets | 22/27 | €321,750 | €385,810 | +€64,060 | +19.9% |
| Land and buildings | 22 | €321,750 | €385,810 | +€64,060 | +19.9% |
| Current assets | 29/58 | €184,248 | €99,111 | -€85,137 | -46.2% |
| Amounts receivable within one year | 40/41 | €174,441 | €86,607 | -€87,834 | -50.4% |
| Trade receivables | 40 | €834 | €15,000 | +€14,166 | +1,698% |
| Other amounts receivable | 41 | €173,607 | €71,607 | -€102,000 | -58.8% |
| Cash at bank and in hand | 54/58 | €4,622 | €5,450 | +€829 | +17.9% |
| Deferred charges and accrued income | 490/1 | €5,186 | €7,054 | +€1,868 | +36.0% |
| Total equity and liabilities | 10/49 | €505,998 | €484,922 | -€21,077 | -4.2% |
| Equity | 10/15 | €101,248 | €103,954 | +€2,707 | +2.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €76,248 | €78,954 | +€2,707 | +3.5% |
| Non-distributable reserves | 130/1 | €458 | €458 | = | 0.0% |
| Reserves not available under the articles | 1311 | €458 | €458 | = | 0.0% |
| Distributable reserves | 133 | €75,790 | €78,497 | +€2,707 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €404,750 | €380,967 | -€23,783 | -5.9% |
| Amounts payable after more than one year | 17 | €337,805 | €283,531 | -€54,274 | -16.1% |
| Financial debts | 170/4 | €337,805 | €283,531 | -€54,274 | -16.1% |
| Amounts payable within one year | 42/48 | €66,946 | €97,436 | +€30,490 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €55,671 | €57,067 | +€1,396 | +2.5% |
| Trade debts | 44 | €6,275 | €10,013 | +€3,738 | +59.6% |
| Suppliers | 440/4 | €6,275 | €10,013 | +€3,738 | +59.6% |
| Advances received on contracts in progress | 46 | €5,000 | €0 | -€5,000 | -100% |
| Taxes, remuneration and social security | 45 | - | €5,196 | +€5,196 | |
| Taxes | 450/3 | - | €5,196 | +€5,196 | |
| Other amounts payable | 47/48 | - | €25,159 | +€25,159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,175 | €33,160 | +€985 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,526 | €13,046 | +€3,521 | +37.0% |
| Non-recurring operating charges | 66A | - | €834 | +€834 | |
| Gross operating margin | 9900 | €56,741 | €67,051 | +€10,310 | +18.2% |
| Operating profit (loss) | 9901 | €15,041 | €20,011 | +€4,971 | +33.0% |
| Financial charges | 65/66B | €13,834 | €12,108 | -€1,726 | -12.5% |
| Recurring financial charges | 65 | €13,834 | €12,108 | -€1,726 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €1,207 | €7,903 | +€6,696 | +555% |
| Income taxes | 67/77 | - | €5,196 | +€5,196 | |
| Profit (loss) for the period | 9904 | €1,207 | €2,707 | +€1,500 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €1,207 | €2,707 | +€1,500 | +124% |
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 23 October 2026 via checked.be.