TURENNE: 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.
TURENNE
Largest movements
- Stocks and contracts +€741,590
new in 2025: €741,590
- Receivables within one year +€217,998
up €217,998 (+67.1%), from €324,966 to €542,963
of which Trade receivables: +€205,215
- Cash +€31,708
up €31,708 (+17.1%), from €185,692 to €217,400
mainly Trade debts (+€884,502) and Tax, wage and social debts (+€183,345)
- Trade debts +€884,502
up €884,502 (+5,268%), from €16,791 to €901,293
- Tax, wage and social debts +€183,345
up €183,345 (+232%), from €79,094 to €262,439
- Other debts -€182,049
down €182,049 (-38.6%), from €471,401 to €289,351
- Profit (loss) carried forward +€104,798
up €104,798, from -€62,127 to €42,670
- Taxes -€117,047
new in 2025: -€117,047
- Gross operating margin +€14,864
up €14,864 (+64.5%), from -€23,048 to -€8,184
- Financial charges +€2,336
up €2,336 (+208%), from €1,121 to €3,457
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 | €511,358 | €1,501,953 | +€990,596 | +194% |
| Current assets | 29/58 | €511,358 | €1,501,953 | +€990,596 | +194% |
| Amounts receivable after more than one year | 29 | €700 | - | -€700 | |
| Trade receivables | 290 | €700 | - | -€700 | |
| Stocks and contracts in progress | 3 | - | €741,590 | +€741,590 | |
| Stocks | 30/36 | - | €741,590 | +€741,590 | |
| Amounts receivable within one year | 40/41 | €324,966 | €542,963 | +€217,998 | +67.1% |
| Trade receivables | 40 | €77,640 | €282,855 | +€205,215 | +264% |
| Other amounts receivable | 41 | €247,326 | €260,108 | +€12,783 | +5.2% |
| Cash at bank and in hand | 54/58 | €185,692 | €217,400 | +€31,708 | +17.1% |
| Total equity and liabilities | 10/49 | €511,358 | €1,501,953 | +€990,596 | +194% |
| Equity | 10/15 | -€55,927 | €48,870 | +€104,798 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Share premium | 1100/10 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | -€62,127 | €42,670 | +€104,798 | |
| Amounts payable | 17/49 | €567,285 | €1,453,083 | +€885,798 | +156% |
| Amounts payable within one year | 42/48 | €567,285 | €1,453,083 | +€885,798 | +156% |
| Trade debts | 44 | €16,791 | €901,293 | +€884,502 | +5,268% |
| Suppliers | 440/4 | €16,791 | €901,293 | +€884,502 | +5,268% |
| Taxes, remuneration and social security | 45 | €79,094 | €262,439 | +€183,345 | +232% |
| Taxes | 450/3 | €79,094 | €262,439 | +€183,345 | +232% |
| Other amounts payable | 47/48 | €471,401 | €289,351 | -€182,049 | -38.6% |
| Other operating charges | 640/8 | €772 | €609 | -€163 | -21.1% |
| Gross operating margin | 9900 | -€23,048 | -€8,184 | +€14,864 | +64.5% |
| Operating profit (loss) | 9901 | -€23,819 | -€8,792 | +€15,027 | +63.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,121 | €3,457 | +€2,336 | +208% |
| Recurring financial charges | 65 | €1,121 | €3,457 | +€2,336 | +208% |
| Profit (loss) for the period before taxes | 9903 | -€24,940 | -€12,249 | +€12,691 | +50.9% |
| Income taxes | 67/77 | - | -€117,047 | -€117,047 | |
| Profit (loss) for the period | 9904 | -€24,940 | €104,798 | +€129,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,940 | €104,798 | +€129,738 |
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 25 October 2026 via checked.be.