TURLINCKX: 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.
TURLINCKX
Largest movements
- Receivables within one year +€18,872
up €18,872 (+62.4%), from €30,244 to €49,117
of which Trade receivables: +€18,594
- Cash -€7,642
down €7,642 (-65.7%), from €11,632 to €3,990
mainly Receivables within one year (-€18,872) and Net result for the year (-€17,770)
- Tangible fixed assets -€6,766
down €6,766 (-21.2%), from €31,907 to €25,141
- Trade debts +€19,853
up €19,853 (+706%), from €2,810 to €22,664
- Profit (loss) carried forward -€17,770
down €17,770 (-33.7%), from €52,744 to €34,974
- Other debts +€5,190
up €5,190 (+15.8%), from €32,768 to €37,958
- Current portion of long-term debt -€3,255
no longer reported in 2025 (was €3,255)
- Gross operating margin -€24,071
down €24,071 (-45.7%), from €52,664 to €28,593
- Staff costs +€4,481
up €4,481 (+13.8%), from €32,392 to €36,873
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 | €115,029 | €119,231 | +€4,202 | +3.7% |
| Fixed assets | 21/28 | €31,907 | €25,141 | -€6,766 | -21.2% |
| Tangible fixed assets | 22/27 | €31,907 | €25,141 | -€6,766 | -21.2% |
| Land and buildings | 22 | €9,271 | €8,053 | -€1,218 | -13.1% |
| Plant, machinery and equipment | 23 | €19,522 | €16,332 | -€3,190 | -16.3% |
| Furniture and vehicles | 24 | €3,113 | €756 | -€2,357 | -75.7% |
| Current assets | 29/58 | €83,123 | €94,090 | +€10,967 | +13.2% |
| Stocks and contracts in progress | 3 | €39,912 | €39,650 | -€262 | -0.7% |
| Stocks | 30/36 | €30,912 | €32,150 | +€1,238 | +4.0% |
| Contracts in progress | 37 | €9,000 | €7,500 | -€1,500 | -16.7% |
| Amounts receivable within one year | 40/41 | €30,244 | €49,117 | +€18,872 | +62.4% |
| Trade receivables | 40 | €27,944 | €46,538 | +€18,594 | +66.5% |
| Other amounts receivable | 41 | €2,300 | €2,579 | +€279 | +12.1% |
| Cash at bank and in hand | 54/58 | €11,632 | €3,990 | -€7,642 | -65.7% |
| Deferred charges and accrued income | 490/1 | €1,334 | €1,333 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €115,029 | €119,231 | +€4,202 | +3.7% |
| Equity | 10/15 | €73,204 | €55,434 | -€17,770 | -24.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,744 | €34,974 | -€17,770 | -33.7% |
| Amounts payable | 17/49 | €41,825 | €63,797 | +€21,972 | +52.5% |
| Amounts payable within one year | 42/48 | €41,825 | €63,797 | +€21,972 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €3,255 | - | -€3,255 | |
| Trade debts | 44 | €2,810 | €22,664 | +€19,853 | +706% |
| Suppliers | 440/4 | €2,810 | €22,664 | +€19,853 | +706% |
| Taxes, remuneration and social security | 45 | €2,991 | €3,175 | +€184 | +6.1% |
| Taxes | 450/3 | €59 | €104 | +€45 | +75.8% |
| Remuneration and social security | 454/9 | €2,932 | €3,071 | +€139 | +4.7% |
| Other amounts payable | 47/48 | €32,768 | €37,958 | +€5,190 | +15.8% |
| Non-recurring operating income | 76A | - | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €32,392 | €36,873 | +€4,481 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,766 | €6,766 | = | 0.0% |
| Other operating charges | 640/8 | €946 | €1,196 | +€251 | +26.5% |
| Gross operating margin | 9900 | €52,664 | €28,593 | -€24,071 | -45.7% |
| Operating profit (loss) | 9901 | €12,561 | -€16,242 | -€28,803 | |
| Financial income | 75/76B | €122 | €75 | -€48 | -38.9% |
| Recurring financial income | 75 | €122 | €75 | -€48 | -38.9% |
| Financial charges | 65/66B | €2,029 | €1,558 | -€471 | -23.2% |
| Recurring financial charges | 65 | €2,029 | €1,558 | -€471 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €10,654 | -€17,725 | -€28,379 | |
| Income taxes | 67/77 | €59 | €45 | -€14 | -24.2% |
| Profit (loss) for the period | 9904 | €10,595 | -€17,770 | -€28,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,595 | -€17,770 | -€28,365 |
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 1 November 2026 via checked.be.