TURISE: 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.
What changed
TURISE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€70,036
2024 · €25,027+€45,010
Equity
€1.1m
2024 · €997,573+€70,036
Cash
€5,385
2024 · €3,840+€1,545
Balance sheet total
€3.4m
2024 · €3.5m-€125,765
Largest movements
Assets
- Tangible fixed assets -€62,463
down €62,463 (-1.9%), from €3.3m to €3.2m
of which Land and buildings: -€60,829
- Receivables within one year -€61,980
down €61,980 (-24.0%), from €258,334 to €196,354
of which Trade receivables: -€58,928
Equity and liabilities
- Debts after one year -€190,432
down €190,432 (-9.9%), from €1.9m to €1.7m
- Profit (loss) carried forward +€83,924
up €83,924 (+18.2%), from €462,141 to €546,065
Income statement
- Depreciation -€110,557
down €110,557 (-43.9%), from €251,701 to €141,144
- Gross operating margin -€45,741
down €45,741 (-13.2%), from €346,408 to €300,667
- Taxes +€21,722
up €21,722 (+1,731%), from €1,255 to €22,977
- Financial charges -€4,949
down €4,949 (-9.1%), from €54,588 to €49,639
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.
Result 2024
€25,027
Gross operating margin
-€45,741
Depreciation
+€110,557
Other operating charges
-€3,111
Financial income
+€78
Financial charges
+€4,949
Taxes
-€21,722
Result 2025
€70,036
raises the resultlowers the result
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.
From operations
+€267,811
Investment
-€78,635
Financing
-€187,631
Cash 2024
€3,840
From operations (derived)
+€267,811
Net result for the year
+€70,036
Depreciation
+€141,144
Receivables within one year
+€61,980
Deferred charges and accrued income
+€2,821
Provisions
-€3,472
Trade debts
-€4,271
Tax, wage and social debts
-€11,892
Other debts
+€11,464
Investment (derived)
-€78,635
Investment in fixed assets (net)
-€78,635
Financing
-€187,631
Debts after one year
-€190,432
Current portion of long-term debt
+€2,801
Cash 2025
€5,385
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,543,753 | €3,417,987 | -€125,765 | -3.5% |
| Fixed assets | 21/28 | €3,278,757 | €3,216,249 | -€62,508 | -1.9% |
| Tangible fixed assets | 22/27 | €3,278,712 | €3,216,249 | -€62,463 | -1.9% |
| Land and buildings | 22 | €3,269,874 | €3,209,045 | -€60,829 | -1.9% |
| Plant, machinery and equipment | 23 | €8,164 | €7,204 | -€960 | -11.8% |
| Furniture and vehicles | 24 | €675 | €0 | -€675 | -100% |
| Financial fixed assets | 28 | €45 | €0 | -€45 | -100% |
| Current assets | 29/58 | €264,996 | €201,739 | -€63,257 | -23.9% |
| Amounts receivable within one year | 40/41 | €258,334 | €196,354 | -€61,980 | -24.0% |
| Trade receivables | 40 | €253,022 | €194,094 | -€58,928 | -23.3% |
| Other amounts receivable | 41 | €5,312 | €2,260 | -€3,052 | -57.5% |
| Cash at bank and in hand | 54/58 | €3,840 | €5,385 | +€1,545 | +40.2% |
| Deferred charges and accrued income | 490/1 | €2,821 | €0 | -€2,821 | -100% |
| Total equity and liabilities | 10/49 | €3,543,753 | €3,417,987 | -€125,765 | -3.5% |
| Equity | 10/15 | €997,573 | €1,067,610 | +€70,036 | +7.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €445,433 | €431,545 | -€13,887 | -3.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €437,433 | €423,545 | -€13,887 | -3.2% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462,141 | €546,065 | +€83,924 | +18.2% |
| Provisions and deferred taxes | 16 | €109,358 | €105,886 | -€3,472 | -3.2% |
| Deferred taxes | 168 | €109,358 | €105,886 | -€3,472 | -3.2% |
| Amounts payable | 17/49 | €2,436,821 | €2,244,491 | -€192,330 | -7.9% |
| Amounts payable after more than one year | 17 | €1,914,719 | €1,724,288 | -€190,432 | -9.9% |
| Financial debts | 170/4 | €1,914,719 | €1,724,288 | -€190,432 | -9.9% |
| Amounts payable within one year | 42/48 | €504,755 | €502,857 | -€1,898 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €149,851 | €152,652 | +€2,801 | +1.9% |
| Trade debts | 44 | €41,450 | €37,179 | -€4,271 | -10.3% |
| Suppliers | 440/4 | €41,450 | €37,179 | -€4,271 | -10.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €34,900 | €23,008 | -€11,892 | -34.1% |
| Taxes | 450/3 | €34,900 | €23,008 | -€11,892 | -34.1% |
| Other amounts payable | 47/48 | €278,555 | €290,018 | +€11,464 | +4.1% |
| Accrued charges and deferred income | 492/3 | €17,347 | €17,347 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,701 | €141,144 | -€110,557 | -43.9% |
| Other operating charges | 640/8 | €17,310 | €20,420 | +€3,111 | +18.0% |
| Gross operating margin | 9900 | €346,408 | €300,667 | -€45,741 | -13.2% |
| Operating profit (loss) | 9901 | €77,398 | €139,103 | +€61,706 | +79.7% |
| Financial income | 75/76B | €0 | €78 | +€78 | |
| Recurring financial income | 75 | €0 | €78 | +€78 | |
| Financial charges | 65/66B | €54,588 | €49,639 | -€4,949 | -9.1% |
| Recurring financial charges | 65 | €54,588 | €49,639 | -€4,949 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €22,810 | €89,542 | +€66,732 | +293% |
| Transfer from deferred taxes | 780 | €3,472 | €3,472 | = | 0.0% |
| Income taxes | 67/77 | €1,255 | €22,977 | +€21,722 | +1,731% |
| Profit (loss) for the period | 9904 | €25,027 | €70,036 | +€45,010 | +180% |
| Transfer from tax-exempt reserves | 789 | €13,887 | €13,887 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,914 | €83,924 | +€45,010 | +116% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.