TURK: what changed
TURK
Largest movements
- Receivables within one year -€1,308
down €1,308 (-69.9%), from €1,870 to €563
of which Trade receivables: -€750
- Cash -€596
no longer reported in 2025 (was €596)
mainly Trade debts (-€1,131) and Other debts (-€1,035)
- Tangible fixed assets -€361
no longer reported in 2025 (was €361)
- Deferred charges and accrued income -€34
no longer reported in 2025 (was €34)
- Trade debts -€1,131
down €1,131 (-37.3%), from €3,033 to €1,902
- Other debts -€1,035
down €1,035 (-12.1%), from €8,590 to €7,555
- Profit (loss) carried forward -€209
down €209 (-1.5%), from -€14,361 to -€14,570
- Short-term financial debts +€42
new in 2025: €42
- Tax, wage and social debts +€35
up €35 (+5.9%), from €599 to €634
- Gross operating margin +€8,570
up €8,570, from -€8,169 to €401
- Other operating charges -€585
no longer reported in 2025 (was €585)
- Financial charges -€172
down €172 (-45.9%), from €374 to €202
- Depreciation -€141
down €141 (-28.0%), from €502 to €361
- Taxes -€83
down €83 (-64.1%), from €129 to €46
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,861 | €563 | -€2,298 | -80.3% |
| Fixed assets | 21/28 | €361 | - | -€361 | |
| Tangible fixed assets | 22/27 | €361 | - | -€361 | |
| Furniture and vehicles | 24 | €361 | - | -€361 | |
| Current assets | 29/58 | €2,500 | €563 | -€1,937 | -77.5% |
| Amounts receivable within one year | 40/41 | €1,870 | €563 | -€1,308 | -69.9% |
| Trade receivables | 40 | €750 | - | -€750 | |
| Other amounts receivable | 41 | €1,120 | €563 | -€558 | -49.8% |
| Cash at bank and in hand | 54/58 | €596 | - | -€596 | |
| Deferred charges and accrued income | 490/1 | €34 | - | -€34 | |
| Total equity and liabilities | 10/49 | €2,861 | €563 | -€2,298 | -80.3% |
| Equity | 10/15 | -€9,361 | -€9,570 | -€209 | -2.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,361 | -€14,570 | -€209 | -1.5% |
| Amounts payable | 17/49 | €12,222 | €10,132 | -€2,089 | -17.1% |
| Amounts payable within one year | 42/48 | €12,222 | €10,132 | -€2,089 | -17.1% |
| Financial debts | 43 | - | €42 | +€42 | |
| Credit institutions | 430/8 | - | €42 | +€42 | |
| Trade debts | 44 | €3,033 | €1,902 | -€1,131 | -37.3% |
| Suppliers | 440/4 | €3,033 | €1,902 | -€1,131 | -37.3% |
| Taxes, remuneration and social security | 45 | €599 | €634 | +€35 | +5.9% |
| Taxes | 450/3 | €599 | €634 | +€35 | +5.9% |
| Other amounts payable | 47/48 | €8,590 | €7,555 | -€1,035 | -12.1% |
| Non-recurring operating income | 76A | - | €3,175 | +€3,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €502 | €361 | -€141 | -28.0% |
| Other operating charges | 640/8 | €585 | - | -€585 | |
| Non-recurring operating charges | 66A | €1,325 | - | -€1,325 | |
| Gross operating margin | 9900 | -€8,169 | €401 | +€8,570 | |
| Operating profit (loss) | 9901 | -€10,581 | €40 | +€10,621 | |
| Financial charges | 65/66B | €374 | €202 | -€172 | -45.9% |
| Recurring financial charges | 65 | €374 | €202 | -€172 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,955 | -€162 | +€10,793 | +98.5% |
| Income taxes | 67/77 | €129 | €46 | -€83 | -64.1% |
| Profit (loss) for the period | 9904 | -€11,084 | -€209 | +€10,876 | +98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,084 | -€209 | +€10,876 | +98.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.