TURKMEN: 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.
TURKMEN
Largest movements
- Tangible fixed assets -€16,060
down €16,060 (-6.4%), from €250,609 to €234,548
of which Land and buildings: -€12,738
- Stocks and contracts -€4,937
down €4,937 (-39.8%), from €12,391 to €7,453
- Debts after one year -€26,936
down €26,936 (-13.3%), from €202,012 to €175,076
- Profit (loss) carried forward +€6,125
up €6,125 (+24.7%), from €24,842 to €30,967
- Gross operating margin -€7,846
down €7,846 (-13.6%), from €57,649 to €49,803
- Financial income -€4,374
down €4,374 (-100.0%), from €4,374 to €0
of which Non-recurring financial income: -€4,344
- Staff costs +€3,841
up €3,841 (+348%), from €1,104 to €4,945
- Depreciation +€2,426
up €2,426 (+13.2%), from €18,446 to €20,872
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 | €293,969 | €272,823 | -€21,145 | -7.2% |
| Fixed assets | 21/28 | €251,650 | €235,590 | -€16,060 | -6.4% |
| Tangible fixed assets | 22/27 | €250,609 | €234,548 | -€16,060 | -6.4% |
| Land and buildings | 22 | €238,065 | €225,327 | -€12,738 | -5.4% |
| Furniture and vehicles | 24 | €12,544 | €9,222 | -€3,322 | -26.5% |
| Financial fixed assets | 28 | €1,041 | €1,041 | = | 0.0% |
| Current assets | 29/58 | €42,319 | €37,234 | -€5,085 | -12.0% |
| Stocks and contracts in progress | 3 | €12,391 | €7,453 | -€4,937 | -39.8% |
| Stocks | 30/36 | €12,391 | €7,453 | -€4,937 | -39.8% |
| Amounts receivable within one year | 40/41 | €16,065 | €14,247 | -€1,818 | -11.3% |
| Trade receivables | 40 | €11,317 | €9,509 | -€1,808 | -16.0% |
| Other amounts receivable | 41 | €4,748 | €4,738 | -€10 | -0.2% |
| Cash at bank and in hand | 54/58 | €10,382 | €12,568 | +€2,187 | +21.1% |
| Deferred charges and accrued income | 490/1 | €3,482 | €2,965 | -€517 | -14.8% |
| Total equity and liabilities | 10/49 | €293,969 | €272,823 | -€21,145 | -7.2% |
| Equity | 10/15 | €45,293 | €51,418 | +€6,125 | +13.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,842 | €30,967 | +€6,125 | +24.7% |
| Amounts payable | 17/49 | €248,675 | €221,405 | -€27,270 | -11.0% |
| Amounts payable after more than one year | 17 | €202,012 | €175,076 | -€26,936 | -13.3% |
| Financial debts | 170/4 | €202,012 | €175,076 | -€26,936 | -13.3% |
| Amounts payable within one year | 42/48 | €46,663 | €46,329 | -€334 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €26,298 | €26,936 | +€638 | +2.4% |
| Financial debts | 43 | €833 | €833 | = | 0.0% |
| Credit institutions | 430/8 | €833 | €833 | = | 0.0% |
| Trade debts | 44 | €3,779 | €5,708 | +€1,929 | +51.1% |
| Suppliers | 440/4 | €3,779 | €5,708 | +€1,929 | +51.1% |
| Taxes, remuneration and social security | 45 | €9,245 | €6,470 | -€2,775 | -30.0% |
| Taxes | 450/3 | €9,245 | €6,073 | -€3,172 | -34.3% |
| Remuneration and social security | 454/9 | - | €397 | +€397 | |
| Other amounts payable | 47/48 | €6,508 | €6,382 | -€126 | -1.9% |
| Remuneration, social security and pensions | 62 | €1,104 | €4,945 | +€3,841 | +348% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,446 | €20,872 | +€2,426 | +13.2% |
| Other operating charges | 640/8 | €9,037 | €9,121 | +€84 | +0.9% |
| Gross operating margin | 9900 | €57,649 | €49,803 | -€7,846 | -13.6% |
| Operating profit (loss) | 9901 | €29,063 | €14,865 | -€14,197 | -48.9% |
| Financial income | 75/76B | €4,374 | €0 | -€4,374 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -99.9% |
| Non-recurring financial income | 76B | €4,344 | - | -€4,344 | |
| Financial charges | 65/66B | €8,739 | €8,608 | -€131 | -1.5% |
| Recurring financial charges | 65 | €8,739 | €8,608 | -€131 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €24,697 | €6,257 | -€18,440 | -74.7% |
| Income taxes | 67/77 | €165 | €132 | -€33 | -20.0% |
| Profit (loss) for the period | 9904 | €24,532 | €6,125 | -€18,407 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,532 | €6,125 | -€18,407 | -75.0% |
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.