Turkoise: 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.
Turkoise
Largest movements
- Tangible fixed assets +€21,900
up €21,900 (+38.0%), from €57,674 to €79,574
of which Furniture and vehicles: +€20,410
- Deferred charges and accrued income +€8,507
up €8,507 (+112%), from €7,620 to €16,127
- Cash -€6,346
down €6,346 (-50.1%), from €12,666 to €6,320
mainly Investment in fixed assets (net) (-€35,877) and Tax, wage and social debts (-€17,412)
- Receivables within one year -€4,371
down €4,371 (-10.1%), from €43,316 to €38,945
of which Trade receivables: -€8,198
- Stocks and contracts -€1,700
down €1,700 (-20.9%), from €8,141 to €6,441
- Tax, wage and social debts -€17,412
down €17,412 (-70.1%), from €24,836 to €7,423
of which Taxes: -€17,488
- Debts after one year +€14,942
up €14,942 (+70.2%), from €21,279 to €36,221
- Trade debts +€10,863
up €10,863 (+35.5%), from €30,640 to €41,503
- Current portion of long-term debt +€8,903
up €8,903 (+103%), from €8,628 to €17,531
- Gross operating margin +€34,424
up €34,424 (+393%), from €8,751 to €43,176
- Financial charges +€8,549
up €8,549 (+1,110%), from €771 to €9,320
- Other operating charges +€7,101
up €7,101 (+6,018%), from €118 to €7,219
- Depreciation +€5,491
up €5,491 (+64.7%), from €8,486 to €13,977
- Staff costs -€2,109
down €2,109 (-15.4%), from €13,659 to €11,549
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 | €129,417 | €147,408 | +€17,990 | +13.9% |
| Fixed assets | 21/28 | €57,674 | €79,574 | +€21,900 | +38.0% |
| Tangible fixed assets | 22/27 | €57,674 | €79,574 | +€21,900 | +38.0% |
| Plant, machinery and equipment | 23 | €9,993 | €11,865 | +€1,872 | +18.7% |
| Furniture and vehicles | 24 | €44,060 | €64,470 | +€20,410 | +46.3% |
| Other tangible fixed assets | 26 | €3,621 | €3,240 | -€382 | -10.5% |
| Current assets | 29/58 | €71,744 | €67,833 | -€3,910 | -5.5% |
| Stocks and contracts in progress | 3 | €8,141 | €6,441 | -€1,700 | -20.9% |
| Stocks | 30/36 | €8,141 | €6,441 | -€1,700 | -20.9% |
| Amounts receivable within one year | 40/41 | €43,316 | €38,945 | -€4,371 | -10.1% |
| Trade receivables | 40 | €43,051 | €34,853 | -€8,198 | -19.0% |
| Other amounts receivable | 41 | €265 | €4,092 | +€3,828 | +1,446% |
| Cash at bank and in hand | 54/58 | €12,666 | €6,320 | -€6,346 | -50.1% |
| Deferred charges and accrued income | 490/1 | €7,620 | €16,127 | +€8,507 | +112% |
| Total equity and liabilities | 10/49 | €129,417 | €147,408 | +€17,990 | +13.9% |
| Equity | 10/15 | €43,432 | €43,464 | +€31 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,832 | €24,864 | +€31 | +0.1% |
| Amounts payable | 17/49 | €85,985 | €103,944 | +€17,959 | +20.9% |
| Amounts payable after more than one year | 17 | €21,279 | €36,221 | +€14,942 | +70.2% |
| Financial debts | 170/4 | €21,279 | €36,221 | +€14,942 | +70.2% |
| Amounts payable within one year | 42/48 | €64,126 | €66,457 | +€2,331 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €8,628 | €17,531 | +€8,903 | +103% |
| Trade debts | 44 | €30,640 | €41,503 | +€10,863 | +35.5% |
| Suppliers | 440/4 | €30,640 | €41,503 | +€10,863 | +35.5% |
| Taxes, remuneration and social security | 45 | €24,836 | €7,423 | -€17,412 | -70.1% |
| Taxes | 450/3 | €24,830 | €7,343 | -€17,488 | -70.4% |
| Remuneration and social security | 454/9 | €6 | €81 | +€75 | +1,320% |
| Other amounts payable | 47/48 | €23 | - | -€23 | |
| Accrued charges and deferred income | 492/3 | €580 | €1,266 | +€686 | +118% |
| Remuneration, social security and pensions | 62 | €13,659 | €11,549 | -€2,109 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,486 | €13,977 | +€5,491 | +64.7% |
| Other operating charges | 640/8 | €118 | €7,219 | +€7,101 | +6,018% |
| Gross operating margin | 9900 | €8,751 | €43,176 | +€34,424 | +393% |
| Operating profit (loss) | 9901 | -€13,511 | €10,430 | +€23,941 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €771 | €9,320 | +€8,549 | +1,110% |
| Recurring financial charges | 65 | €771 | €9,320 | +€8,549 | +1,110% |
| Profit (loss) for the period before taxes | 9903 | -€14,281 | €1,110 | +€15,392 | |
| Income taxes | 67/77 | €392 | €1,079 | +€686 | +175% |
| Profit (loss) for the period | 9904 | -€14,674 | €31 | +€14,705 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,674 | €31 | +€14,705 |
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 22 October 2026 via checked.be.