TURGUTOGLU: 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.
TURGUTOGLU
Largest movements
- Receivables within one year +€52,268
up €52,268 (+346.2%), from €15,097 to €67,365
- Cash -€30,576
down €30,576 (-85.9%), from €35,583 to €5,007
mainly Receivables within one year (-€52,268) and Trade debts (-€16,553)
- Tangible fixed assets -€2,831
down €2,831 (-49.9%), from €5,673 to €2,842
of which Furniture and vehicles: -€1,915
- Intangible fixed assets -€2,000
down €2,000 (-14.3%), from €14,000 to €12,000
- Profit (loss) carried forward +€32,248
up €32,248 (+98.1%), from €32,875 to €65,123
- Trade debts -€16,553
down €16,553 (-92.3%), from €17,927 to €1,374
- Gross operating margin +€19,001
up €19,001 (+79.0%), from €24,065 to €43,066
- Staff costs +€5,418
new in 2024: €5,418
- Taxes -€3,085
no longer reported in 2024 (was €3,085)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,802 | €87,214 | +€16,412 | +23.2% |
| Fixed assets | 21/28 | €19,673 | €14,842 | -€4,831 | -24.6% |
| Intangible fixed assets | 21 | €14,000 | €12,000 | -€2,000 | -14.3% |
| Tangible fixed assets | 22/27 | €5,673 | €2,842 | -€2,831 | -49.9% |
| Plant, machinery and equipment | 23 | €1,480 | €564 | -€916 | -61.9% |
| Furniture and vehicles | 24 | €4,193 | €2,278 | -€1,915 | -45.7% |
| Current assets | 29/58 | €51,129 | €72,372 | +€21,243 | +41.5% |
| Stocks and contracts in progress | 3 | €449 | - | -€449 | |
| Stocks | 30/36 | €449 | - | -€449 | |
| Amounts receivable within one year | 40/41 | €15,097 | €67,365 | +€52,268 | +346.2% |
| Other amounts receivable | 41 | €15,097 | €67,365 | +€52,268 | +346.2% |
| Cash at bank and in hand | 54/58 | €35,583 | €5,007 | -€30,576 | -85.9% |
| Total equity and liabilities | 10/49 | €70,802 | €87,214 | +€16,412 | +23.2% |
| Equity | 10/15 | €52,875 | €85,123 | +€32,248 | +61.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,875 | €65,123 | +€32,248 | +98.1% |
| Amounts payable | 17/49 | €17,927 | €2,091 | -€15,836 | -88.3% |
| Amounts payable within one year | 42/48 | €17,927 | €2,091 | -€15,836 | -88.3% |
| Trade debts | 44 | €17,927 | €1,374 | -€16,553 | -92.3% |
| Suppliers | 440/4 | €17,927 | €1,374 | -€16,553 | -92.3% |
| Taxes, remuneration and social security | 45 | - | €717 | +€717 | |
| Remuneration and social security | 454/9 | - | €717 | +€717 | |
| Remuneration, social security and pensions | 62 | - | €5,418 | +€5,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,831 | €4,831 | = | 0.0% |
| Other operating charges | 640/8 | €401 | €403 | +€2 | +0.5% |
| Non-recurring operating charges | 66A | €520 | - | -€520 | |
| Gross operating margin | 9900 | €24,065 | €43,066 | +€19,001 | +79.0% |
| Operating profit (loss) | 9901 | €18,313 | €32,414 | +€14,101 | +77.0% |
| Financial income | 75/76B | €61 | - | -€61 | |
| Recurring financial income | 75 | €61 | - | -€61 | |
| Financial charges | 65/66B | €144 | €166 | +€22 | +15.3% |
| Recurring financial charges | 65 | €144 | €166 | +€22 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €18,230 | €32,248 | +€14,018 | +76.9% |
| Income taxes | 67/77 | €3,085 | - | -€3,085 | |
| Profit (loss) for the period | 9904 | €15,145 | €32,248 | +€17,103 | +112.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,145 | €32,248 | +€17,103 | +112.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.