TURKAY: 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.
TURKAY
Largest movements
- Receivables within one year +€15,745
up €15,745 (+69.6%), from €22,625 to €38,370
of which Trade receivables: +€24,412
- Cash -€5,175
down €5,175 (-9.7%), from €53,623 to €48,448
mainly Receivables within one year (-€15,745) and Other debts (-€8,894)
- Financial fixed assets +€1,000
new in 2024: €1,000
- Stocks and contracts -€998
down €998 (-79.7%), from €1,252 to €254
- Reserves +€19,489
up €19,489 (+48.0%), from €40,626 to €60,115
- Other debts -€8,894
down €8,894 (-54.0%), from €16,461 to €7,566
- Trade debts +€6,010
up €6,010 (+48.7%), from €12,354 to €18,364
- Tax, wage and social debts -€5,512
down €5,512 (-52.8%), from €10,442 to €4,930
of which Taxes: -€5,642
- Gross operating margin -€37,737
down €37,737 (-55.2%), from €68,420 to €30,683
- Taxes -€6,736
down €6,736 (-57.9%), from €11,642 to €4,906
- Other operating charges -€2,767
down €2,767 (-41.5%), from €6,659 to €3,892
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.
Derived cash bridge
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 | €84,882 | €95,975 | +€11,093 | +13.1% |
| Fixed assets | 21/28 | €6,752 | €7,685 | +€933 | +13.8% |
| Tangible fixed assets | 22/27 | €6,752 | €6,685 | -€67 | -1.0% |
| Plant, machinery and equipment | 23 | €968 | €765 | -€203 | -21.0% |
| Furniture and vehicles | 24 | €4,286 | €4,610 | +€324 | +7.6% |
| Other tangible fixed assets | 26 | €1,499 | €1,310 | -€189 | -12.6% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €78,129 | €88,290 | +€10,160 | +13.0% |
| Stocks and contracts in progress | 3 | €1,252 | €254 | -€998 | -79.7% |
| Stocks | 30/36 | €1,252 | €254 | -€998 | -79.7% |
| Amounts receivable within one year | 40/41 | €22,625 | €38,370 | +€15,745 | +69.6% |
| Trade receivables | 40 | €242 | €24,654 | +€24,412 | +10,088% |
| Other amounts receivable | 41 | €22,383 | €13,716 | -€8,667 | -38.7% |
| Cash at bank and in hand | 54/58 | €53,623 | €48,448 | -€5,175 | -9.7% |
| Deferred charges and accrued income | 490/1 | €630 | €1,218 | +€588 | +93.4% |
| Total equity and liabilities | 10/49 | €84,882 | €95,975 | +€11,093 | +13.1% |
| Equity | 10/15 | €45,626 | €65,115 | +€19,489 | +42.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,626 | €60,115 | +€19,489 | +48.0% |
| Distributable reserves | 133 | €40,626 | €60,115 | +€19,489 | +48.0% |
| Amounts payable | 17/49 | €39,256 | €30,860 | -€8,396 | -21.4% |
| Amounts payable within one year | 42/48 | €39,256 | €30,860 | -€8,396 | -21.4% |
| Trade debts | 44 | €12,354 | €18,364 | +€6,010 | +48.7% |
| Suppliers | 440/4 | €12,354 | €18,364 | +€6,010 | +48.7% |
| Taxes, remuneration and social security | 45 | €10,442 | €4,930 | -€5,512 | -52.8% |
| Taxes | 450/3 | €5,642 | - | -€5,642 | |
| Remuneration and social security | 454/9 | €4,800 | €4,930 | +€130 | +2.7% |
| Other amounts payable | 47/48 | €16,461 | €7,566 | -€8,894 | -54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,409 | €1,667 | +€258 | +18.3% |
| Other operating charges | 640/8 | €6,659 | €3,892 | -€2,767 | -41.5% |
| Gross operating margin | 9900 | €68,420 | €30,683 | -€37,737 | -55.2% |
| Operating profit (loss) | 9901 | €60,351 | €25,123 | -€35,229 | -58.4% |
| Financial income | 75/76B | €48 | €66 | +€18 | +38.7% |
| Recurring financial income | 75 | €48 | €66 | +€18 | +38.7% |
| Financial charges | 65/66B | €248 | €795 | +€546 | +220% |
| Recurring financial charges | 65 | €248 | €795 | +€546 | +220% |
| Profit (loss) for the period before taxes | 9903 | €60,151 | €24,394 | -€35,756 | -59.4% |
| Income taxes | 67/77 | €11,642 | €4,906 | -€6,736 | -57.9% |
| Profit (loss) for the period | 9904 | €48,509 | €19,489 | -€29,020 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,509 | €19,489 | -€29,020 | -59.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.