Tureluren: 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.
Tureluren
Largest movements
- Tangible fixed assets +€421,877
up €421,877 (+24.4%), from €1.7m to €2.2m
of which Plant, machinery and equipment: +€360,673
- Receivables within one year +€258,578
up €258,578 (+60.2%), from €429,189 to €687,767
of which Trade receivables: +€286,657
- Stocks and contracts -€222,995
down €222,995 (-65.2%), from €341,995 to €119,000
- Financial fixed assets -€179,975
down €179,975 (-8.6%), from €2.1m to €1.9m
- Profit (loss) carried forward +€391,584
up €391,584 (+500%), from €78,241 to €469,824
- Reserves -€337,876
down €337,876 (-30.9%), from €1.1m to €756,842
of which Distributable reserves: -€337,876
- Debts after one year +€195,045
up €195,045 (+9.6%), from €2.0m to €2.2m
- Other debts +€191,548
up €191,548 (+97.4%), from €196,567 to €388,116
- Trade debts -€107,433
down €107,433 (-21.5%), from €499,751 to €392,318
- Gross operating margin +€380,619
up €380,619 (+28.1%), from €1.4m to €1.7m
- Financial income -€180,409
down €180,409 (-99.7%), from €180,909 to €500
- Staff costs +€163,236
up €163,236 (+24.8%), from €657,042 to €820,277
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 | €4,644,078 | €4,911,948 | +€267,870 | +5.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,833,823 | €4,075,726 | +€241,902 | +6.3% |
| Tangible fixed assets | 22/27 | €1,729,263 | €2,151,141 | +€421,877 | +24.4% |
| Land and buildings | 22 | €402,094 | €380,586 | -€21,508 | -5.3% |
| Plant, machinery and equipment | 23 | €794,821 | €1,155,494 | +€360,673 | +45.4% |
| Furniture and vehicles | 24 | €532,349 | €615,061 | +€82,712 | +15.5% |
| Financial fixed assets | 28 | €2,104,560 | €1,924,585 | -€179,975 | -8.6% |
| Current assets | 29/58 | €810,255 | €836,222 | +€25,967 | +3.2% |
| Stocks and contracts in progress | 3 | €341,995 | €119,000 | -€222,995 | -65.2% |
| Contracts in progress | 37 | €341,995 | €119,000 | -€222,995 | -65.2% |
| Amounts receivable within one year | 40/41 | €429,189 | €687,767 | +€258,578 | +60.2% |
| Trade receivables | 40 | €365,814 | €652,471 | +€286,657 | +78.4% |
| Other amounts receivable | 41 | €63,374 | €35,296 | -€28,079 | -44.3% |
| Cash at bank and in hand | 54/58 | €19,583 | €26,150 | +€6,567 | +33.5% |
| Deferred charges and accrued income | 490/1 | €19,488 | €3,306 | -€16,182 | -83.0% |
| Total equity and liabilities | 10/49 | €4,644,078 | €4,911,948 | +€267,870 | +5.8% |
| Equity | 10/15 | €1,179,159 | €1,232,867 | +€53,708 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,094,718 | €756,842 | -€337,876 | -30.9% |
| 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 | €1,092,858 | €754,982 | -€337,876 | -30.9% |
| Profit (loss) carried forward | 14 | €78,241 | €469,824 | +€391,584 | +500% |
| Amounts payable | 17/49 | €3,464,919 | €3,679,081 | +€214,162 | +6.2% |
| Amounts payable after more than one year | 17 | €2,035,639 | €2,230,684 | +€195,045 | +9.6% |
| Financial debts | 170/4 | €2,035,639 | €2,230,684 | +€195,045 | +9.6% |
| Amounts payable within one year | 42/48 | €1,429,280 | €1,448,397 | +€19,117 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €426,115 | €445,577 | +€19,462 | +4.6% |
| Financial debts | 43 | €180,000 | €180,000 | = | 0.0% |
| Credit institutions | 430/8 | €180,000 | €180,000 | = | 0.0% |
| Trade debts | 44 | €499,751 | €392,318 | -€107,433 | -21.5% |
| Suppliers | 440/4 | €499,751 | €392,318 | -€107,433 | -21.5% |
| Taxes, remuneration and social security | 45 | €126,847 | €42,387 | -€84,460 | -66.6% |
| Taxes | 450/3 | €100,590 | €8,712 | -€91,878 | -91.3% |
| Remuneration and social security | 454/9 | €26,257 | €33,675 | +€7,418 | +28.3% |
| Other amounts payable | 47/48 | €196,567 | €388,116 | +€191,548 | +97.4% |
| Remuneration, social security and pensions | 62 | €657,042 | €820,277 | +€163,236 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,876 | €313,023 | +€6,147 | +2.0% |
| Other operating charges | 640/8 | €304 | €9,053 | +€8,749 | +2,876% |
| Gross operating margin | 9900 | €1,352,306 | €1,732,925 | +€380,619 | +28.1% |
| Operating profit (loss) | 9901 | €388,084 | €590,572 | +€202,487 | +52.2% |
| Financial income | 75/76B | €180,909 | €500 | -€180,409 | -99.7% |
| Recurring financial income | 75 | €180,909 | €500 | -€180,409 | -99.7% |
| Financial charges | 65/66B | €91,476 | €92,751 | +€1,275 | +1.4% |
| Recurring financial charges | 65 | €91,476 | €92,751 | +€1,275 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €477,518 | €498,321 | +€20,803 | +4.4% |
| Income taxes | 67/77 | €99,295 | €106,737 | +€7,443 | +7.5% |
| Profit (loss) for the period | 9904 | €378,223 | €391,584 | +€13,361 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €378,223 | €391,584 | +€13,361 | +3.5% |
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 15 October 2026 via checked.be.