TURKOISE COMMUNICATION & DEVELOPMENT: 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 COMMUNICATION & DEVELOPMENT
Largest movements
- Cash -€85,726
down €85,726 (-43.4%), from €197,551 to €111,825
mainly Contributions, distributions and other (-€225,038) and Receivables within one year (-€42,259)
- Tangible fixed assets -€75,537
down €75,537 (-17.4%), from €434,141 to €358,604
of which Land and buildings: -€74,011
- Receivables within one year +€42,259
up €42,259 (+30.8%), from €137,399 to €179,658
of which Trade receivables: +€27,887
- Reserves -€151,000
down €151,000 (-33.7%), from €448,500 to €297,500
- Other debts +€96,427
up €96,427 (+84.2%), from €114,481 to €210,908
- Debts after one year -€35,059
no longer reported in 2025 (was €35,059)
- Trade debts -€18,298
down €18,298 (-19.1%), from €95,779 to €77,482
- Current portion of long-term debt -€8,480
down €8,480 (-19.5%), from €43,566 to €35,086
- Gross operating margin +€21,407
up €21,407 (+10.6%), from €202,081 to €223,488
- Taxes +€6,283
up €6,283 (+26.5%), from €23,707 to €29,990
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 | €797,017 | €684,108 | -€112,910 | -14.2% |
| Fixed assets | 21/28 | €434,141 | €358,604 | -€75,537 | -17.4% |
| Tangible fixed assets | 22/27 | €434,141 | €358,604 | -€75,537 | -17.4% |
| Land and buildings | 22 | €426,502 | €352,491 | -€74,011 | -17.4% |
| Furniture and vehicles | 24 | €7,639 | €6,113 | -€1,526 | -20.0% |
| Current assets | 29/58 | €362,877 | €325,504 | -€37,373 | -10.3% |
| Stocks and contracts in progress | 3 | €27,236 | €33,331 | +€6,094 | +22.4% |
| Stocks | 30/36 | €27,236 | €33,331 | +€6,094 | +22.4% |
| Amounts receivable within one year | 40/41 | €137,399 | €179,658 | +€42,259 | +30.8% |
| Trade receivables | 40 | €131,068 | €158,955 | +€27,887 | +21.3% |
| Other amounts receivable | 41 | €6,331 | €20,703 | +€14,372 | +227% |
| Cash at bank and in hand | 54/58 | €197,551 | €111,825 | -€85,726 | -43.4% |
| Deferred charges and accrued income | 490/1 | €691 | €690 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €797,017 | €684,108 | -€112,910 | -14.2% |
| Equity | 10/15 | €475,116 | €323,149 | -€151,967 | -32.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €448,500 | €297,500 | -€151,000 | -33.7% |
| Distributable reserves | 133 | €448,500 | €297,500 | -€151,000 | -33.7% |
| Profit (loss) carried forward | 14 | €2,009 | €2,080 | +€71 | +3.6% |
| Investment grants | 15 | €4,147 | €3,109 | -€1,038 | -25.0% |
| Amounts payable | 17/49 | €321,901 | €360,958 | +€39,057 | +12.1% |
| Amounts payable after more than one year | 17 | €35,059 | - | -€35,059 | |
| Financial debts | 170/4 | €35,059 | - | -€35,059 | |
| Amounts payable within one year | 42/48 | €286,842 | €360,958 | +€74,116 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €43,566 | €35,086 | -€8,480 | -19.5% |
| Trade debts | 44 | €95,779 | €77,482 | -€18,298 | -19.1% |
| Suppliers | 440/4 | €95,779 | €77,482 | -€18,298 | -19.1% |
| Taxes, remuneration and social security | 45 | €33,015 | €37,483 | +€4,467 | +13.5% |
| Taxes | 450/3 | €25,877 | €31,102 | +€5,225 | +20.2% |
| Remuneration and social security | 454/9 | €7,138 | €6,381 | -€757 | -10.6% |
| Other amounts payable | 47/48 | €114,481 | €210,908 | +€96,427 | +84.2% |
| Remuneration, social security and pensions | 62 | €36,176 | €38,327 | +€2,152 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,383 | €77,933 | +€550 | +0.7% |
| Other operating charges | 640/8 | €5,161 | €3,760 | -€1,401 | -27.1% |
| Gross operating margin | 9900 | €202,081 | €223,488 | +€21,407 | +10.6% |
| Operating profit (loss) | 9901 | €83,361 | €103,467 | +€20,106 | +24.1% |
| Financial income | 75/76B | €1,160 | €1,493 | +€333 | +28.7% |
| Recurring financial income | 75 | €1,160 | €1,493 | +€333 | +28.7% |
| Financial charges | 65/66B | €2,329 | €1,898 | -€431 | -18.5% |
| Recurring financial charges | 65 | €2,329 | €1,898 | -€431 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €82,193 | €103,061 | +€20,869 | +25.4% |
| Income taxes | 67/77 | €23,707 | €29,990 | +€6,283 | +26.5% |
| Profit (loss) for the period | 9904 | €58,486 | €73,071 | +€14,585 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,486 | €73,071 | +€14,585 | +24.9% |
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 13 October 2026 via checked.be.