TURMALI: 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.
TURMALI
Largest movements
- Tangible fixed assets +€7,015
up €7,015 (+283%), from €2,482 to €9,497
of which Furniture and vehicles: +€7,250
- Stocks and contracts -€6,766
down €6,766 (-24.9%), from €27,119 to €20,354
- Cash +€5,259
up €5,259 (+10.6%), from €49,584 to €54,842
mainly Net result for the year (+€14,052) and Stocks and contracts (+€6,766)
- Receivables within one year -€2,049
down €2,049 (-8.0%), from €25,495 to €23,446
of which Trade receivables: -€1,152
- Profit (loss) carried forward +€8,052
up €8,052 (+34.4%), from €23,401 to €31,453
- Trade debts -€4,510
down €4,510 (-9.5%), from €47,606 to €43,096
- Gross operating margin +€6,249
up €6,249 (+34.1%), from €18,307 to €24,556
- Depreciation +€932
up €932 (+61.6%), from €1,514 to €2,445
- Financial charges +€824
up €824 (+102%), from €807 to €1,631
- Taxes -€786
down €786 (-16.9%), from €4,653 to €3,867
- Other operating charges -€600
down €600 (-19.0%), from €3,160 to €2,560
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 | €105,226 | €108,587 | +€3,361 | +3.2% |
| Fixed assets | 21/28 | €2,482 | €9,497 | +€7,015 | +283% |
| Tangible fixed assets | 22/27 | €2,482 | €9,497 | +€7,015 | +283% |
| Plant, machinery and equipment | 23 | €1,002 | €767 | -€235 | -23.4% |
| Furniture and vehicles | 24 | €1,480 | €8,730 | +€7,250 | +490% |
| Current assets | 29/58 | €102,744 | €99,090 | -€3,654 | -3.6% |
| Stocks and contracts in progress | 3 | €27,119 | €20,354 | -€6,766 | -24.9% |
| Stocks | 30/36 | €27,119 | €20,354 | -€6,766 | -24.9% |
| Amounts receivable within one year | 40/41 | €25,495 | €23,446 | -€2,049 | -8.0% |
| Trade receivables | 40 | €17,725 | €16,573 | -€1,152 | -6.5% |
| Other amounts receivable | 41 | €7,770 | €6,873 | -€897 | -11.5% |
| Cash at bank and in hand | 54/58 | €49,584 | €54,842 | +€5,259 | +10.6% |
| Deferred charges and accrued income | 490/1 | €546 | €448 | -€98 | -18.0% |
| Total equity and liabilities | 10/49 | €105,226 | €108,587 | +€3,361 | +3.2% |
| Equity | 10/15 | €29,401 | €37,453 | +€8,052 | +27.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,401 | €31,453 | +€8,052 | +34.4% |
| Amounts payable | 17/49 | €75,825 | €71,133 | -€4,692 | -6.2% |
| Amounts payable within one year | 42/48 | €65,825 | €61,133 | -€4,692 | -7.1% |
| Trade debts | 44 | €47,606 | €43,096 | -€4,510 | -9.5% |
| Suppliers | 440/4 | €47,606 | €43,096 | -€4,510 | -9.5% |
| Taxes, remuneration and social security | 45 | €10,219 | €9,194 | -€1,025 | -10.0% |
| Taxes | 450/3 | €8,899 | €8,874 | -€25 | -0.3% |
| Remuneration and social security | 454/9 | €1,320 | €320 | -€1,000 | -75.8% |
| Other amounts payable | 47/48 | €8,000 | €8,844 | +€844 | +10.5% |
| Accrued charges and deferred income | 492/3 | €10,000 | €10,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,514 | €2,445 | +€932 | +61.6% |
| Other operating charges | 640/8 | €3,160 | €2,560 | -€600 | -19.0% |
| Gross operating margin | 9900 | €18,307 | €24,556 | +€6,249 | +34.1% |
| Operating profit (loss) | 9901 | €13,633 | €19,551 | +€5,918 | +43.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €807 | €1,631 | +€824 | +102% |
| Recurring financial charges | 65 | €807 | €1,631 | +€824 | +102% |
| Profit (loss) for the period before taxes | 9903 | €12,826 | €17,919 | +€5,093 | +39.7% |
| Income taxes | 67/77 | €4,653 | €3,867 | -€786 | -16.9% |
| Profit (loss) for the period | 9904 | €8,173 | €14,052 | +€5,879 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,173 | €14,052 | +€5,879 | +71.9% |
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 30 October 2026 via checked.be.