TURKUAZ: 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.
TURKUAZ
Largest movements
- Receivables within one year +€60,440
new in 2025: €60,440
- Tangible fixed assets -€1,487
no longer reported in 2025 (was €1,487)
- Cash -€1,236
down €1,236 (-45.7%), from €2,706 to €1,469
mainly Receivables within one year (-€60,440)
- Profit (loss) carried forward +€56,959
up €56,959 (+42.2%), from -€134,867 to -€77,908
- Tax, wage and social debts +€759
up €759 (+192%), from €396 to €1,155
- Gross operating margin +€74,205
up €74,205, from -€14,605 to €59,600
- Taxes +€1,155
new in 2025: €1,155
- Other operating charges -€728
no longer reported in 2025 (was €728)
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 | €4,192 | €61,910 | +€57,717 | +1,377% |
| Fixed assets | 21/28 | €1,487 | - | -€1,487 | |
| Tangible fixed assets | 22/27 | €1,487 | - | -€1,487 | |
| Other tangible fixed assets | 26 | €1,487 | - | -€1,487 | |
| Current assets | 29/58 | €2,706 | €61,910 | +€59,204 | +2,188% |
| Amounts receivable within one year | 40/41 | - | €60,440 | +€60,440 | |
| Trade receivables | 40 | - | €60,440 | +€60,440 | |
| Cash at bank and in hand | 54/58 | €2,706 | €1,469 | -€1,236 | -45.7% |
| Total equity and liabilities | 10/49 | €4,192 | €61,910 | +€57,717 | +1,377% |
| Equity | 10/15 | -€102,448 | -€45,490 | +€56,959 | +55.6% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €17,219 | €17,219 | = | 0.0% |
| Distributable reserves | 133 | €17,219 | €17,219 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,867 | -€77,908 | +€56,959 | +42.2% |
| Amounts payable | 17/49 | €106,641 | €107,399 | +€759 | +0.7% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,641 | €7,399 | +€759 | +11.4% |
| Taxes, remuneration and social security | 45 | €396 | €1,155 | +€759 | +192% |
| Taxes | 450/3 | €396 | €1,155 | +€759 | +192% |
| Other amounts payable | 47/48 | €6,245 | €6,245 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €1,487 | -€266 | -15.2% |
| Other operating charges | 640/8 | €728 | - | -€728 | |
| Gross operating margin | 9900 | -€14,605 | €59,600 | +€74,205 | |
| Operating profit (loss) | 9901 | -€17,085 | €58,113 | +€75,198 | |
| Profit (loss) for the period before taxes | 9903 | -€17,085 | €58,113 | +€75,198 | |
| Income taxes | 67/77 | - | €1,155 | +€1,155 | |
| Profit (loss) for the period | 9904 | -€17,085 | €56,959 | +€74,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,085 | €56,959 | +€74,043 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.