TURKI SERVICES: 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.
TURKI SERVICES
Largest movements
- Tangible fixed assets +€14,806
up €14,806 (+40.3%), from €36,706 to €51,513
of which Other tangible fixed assets: +€8,507
- Cash -€11,735
down €11,735 (-33.1%), from €35,459 to €23,724
mainly Investment in fixed assets (net) (-€25,192) and Stocks and contracts (-€9,293)
- Stocks and contracts +€9,293
up €9,293 (+95.0%), from €9,778 to €19,071
- Receivables within one year +€8,637
up €8,637 (+13.4%), from €64,695 to €73,332
of which Trade receivables: +€4,975
- Trade debts +€9,979
up €9,979 (+25.5%), from €39,153 to €49,132
- Profit (loss) carried forward +€4,032
up €4,032 (+7.6%), from €53,019 to €57,050
- Other debts +€3,220
up €3,220 (+22.3%), from €14,430 to €17,650
- Gross operating margin -€12,961
down €12,961 (-10.9%), from €119,055 to €106,094
- Depreciation +€5,702
up €5,702 (+122%), from €4,684 to €10,386
- Taxes -€2,699
down €2,699 (-30.3%), from €8,898 to €6,199
- Other operating charges +€2,462
up €2,462 (+46.9%), from €5,251 to €7,713
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 | €163,598 | €184,600 | +€21,002 | +12.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €53,666 | €68,473 | +€14,806 | +27.6% |
| Tangible fixed assets | 22/27 | €36,706 | €51,513 | +€14,806 | +40.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €832 | €414 | -€418 | -50.3% |
| Leasing and similar rights | 25 | €33,741 | €40,458 | +€6,717 | +19.9% |
| Other tangible fixed assets | 26 | €2,134 | €10,641 | +€8,507 | +399% |
| Financial fixed assets | 28 | €16,960 | €16,960 | = | 0.0% |
| Current assets | 29/58 | €109,932 | €116,127 | +€6,195 | +5.6% |
| Stocks and contracts in progress | 3 | €9,778 | €19,071 | +€9,293 | +95.0% |
| Stocks | 30/36 | €9,778 | €19,071 | +€9,293 | +95.0% |
| Amounts receivable within one year | 40/41 | €64,695 | €73,332 | +€8,637 | +13.4% |
| Trade receivables | 40 | €21,707 | €26,681 | +€4,975 | +22.9% |
| Other amounts receivable | 41 | €42,988 | €46,650 | +€3,662 | +8.5% |
| Cash at bank and in hand | 54/58 | €35,459 | €23,724 | -€11,735 | -33.1% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €163,598 | €184,600 | +€21,002 | +12.8% |
| Equity | 10/15 | €69,519 | €73,550 | +€4,032 | +5.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,019 | €57,050 | +€4,032 | +7.6% |
| Amounts payable | 17/49 | €94,080 | €111,049 | +€16,970 | +18.0% |
| Amounts payable after more than one year | 17 | €9,098 | €9,908 | +€810 | +8.9% |
| Financial debts | 170/4 | €9,098 | €9,908 | +€810 | +8.9% |
| Amounts payable within one year | 42/48 | €84,888 | €100,233 | +€15,345 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €12,144 | €13,242 | +€1,098 | +9.0% |
| Trade debts | 44 | €39,153 | €49,132 | +€9,979 | +25.5% |
| Suppliers | 440/4 | €39,153 | €49,132 | +€9,979 | +25.5% |
| Taxes, remuneration and social security | 45 | €19,161 | €20,209 | +€1,048 | +5.5% |
| Taxes | 450/3 | €8,264 | €1,090 | -€7,173 | -86.8% |
| Remuneration and social security | 454/9 | €10,898 | €19,119 | +€8,221 | +75.4% |
| Other amounts payable | 47/48 | €14,430 | €17,650 | +€3,220 | +22.3% |
| Accrued charges and deferred income | 492/3 | €93 | €907 | +€815 | +878% |
| Non-recurring operating income | 76A | €17,000 | - | -€17,000 | |
| Remuneration, social security and pensions | 62 | €72,378 | €73,548 | +€1,170 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,684 | €10,386 | +€5,702 | +122% |
| Other operating charges | 640/8 | €5,251 | €7,713 | +€2,462 | +46.9% |
| Gross operating margin | 9900 | €119,055 | €106,094 | -€12,961 | -10.9% |
| Operating profit (loss) | 9901 | €36,742 | €14,447 | -€22,295 | -60.7% |
| Financial income | 75/76B | €63 | €186 | +€123 | +197% |
| Recurring financial income | 75 | €63 | €186 | +€123 | +197% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,429 | €4,402 | -€27 | -0.6% |
| Recurring financial charges | 65 | €4,428 | €1,936 | -€2,491 | -56.3% |
| Non-recurring financial charges | 66B | €1 | €2,466 | +€2,464 | +174,773% |
| Profit (loss) for the period before taxes | 9903 | €32,376 | €10,231 | -€22,145 | -68.4% |
| Income taxes | 67/77 | €8,898 | €6,199 | -€2,699 | -30.3% |
| Profit (loss) for the period | 9904 | €23,478 | €4,032 | -€19,446 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,478 | €4,032 | -€19,446 | -82.8% |
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 23 October 2026 via checked.be.