TURN ON: what changed
Two fiscal 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.
TURN ON
Largest movements
- Cash -€20,883
down €20,883 (-55.4%), from €37,721 to €16,839
mainly Tax, wage and social debts (-€23,632) and Investment in fixed assets (net) (-€4,280)
- Intangible fixed assets -€3,000
down €3,000 (-11.2%), from €26,893 to €23,893
- Tangible fixed assets +€2,332
up €2,332 (+146.7%), from €1,589 to €3,921
of which Other tangible fixed assets: +€3,424
- Receivables within one year +€1,856
up €1,856 (+2.0%), from €92,967 to €94,823
of which Other amounts receivable: +€11,258
- Tax, wage and social debts -€23,632
down €23,632 (-55.6%), from €42,505 to €18,873
- Reserves +€4,603
up €4,603 (+4.4%), from €103,929 to €108,531
- Gross operating margin -€26,968
down €26,968 (-74.2%), from €36,356 to €9,389
- Taxes -€5,512
down €5,512 (-64.1%), from €8,600 to €3,088
- Depreciation +€856
up €856 (+20.9%), from €4,092 to €4,948
- Financial income +€655
up €655 (+16.2%), from €4,043 to €4,697
- Other operating charges +€456
up €456 (+123.5%), from €369 to €825
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.
Cash bridge derived
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 | €159,171 | €139,475 | -€19,695 | -12.4% |
| Fixed assets | 21/28 | €28,482 | €27,814 | -€668 | -2.3% |
| Intangible fixed assets | 21 | €26,893 | €23,893 | -€3,000 | -11.2% |
| Tangible fixed assets | 22/27 | €1,589 | €3,921 | +€2,332 | +146.7% |
| Furniture and vehicles | 24 | €1,589 | €497 | -€1,092 | -68.7% |
| Other tangible fixed assets | 26 | - | €3,424 | +€3,424 | |
| Current assets | 29/58 | €130,689 | €111,662 | -€19,027 | -14.6% |
| Amounts receivable within one year | 40/41 | €92,967 | €94,823 | +€1,856 | +2.0% |
| Trade receivables | 40 | €10,365 | €962 | -€9,403 | -90.7% |
| Other amounts receivable | 41 | €82,603 | €93,861 | +€11,258 | +13.6% |
| Cash at bank and in hand | 54/58 | €37,721 | €16,839 | -€20,883 | -55.4% |
| Total equity and liabilities | 10/49 | €159,171 | €139,475 | -€19,695 | -12.4% |
| Equity | 10/15 | €113,929 | €118,531 | +€4,603 | +4.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €103,929 | €108,531 | +€4,603 | +4.4% |
| Distributable reserves | 133 | €103,929 | €108,531 | +€4,603 | +4.4% |
| Amounts payable | 17/49 | €45,242 | €20,944 | -€24,298 | -53.7% |
| Amounts payable within one year | 42/48 | €45,242 | €20,944 | -€24,298 | -53.7% |
| Trade debts | 44 | €2,737 | €2,071 | -€666 | -24.3% |
| Suppliers | 440/4 | €2,737 | €2,071 | -€666 | -24.3% |
| Taxes, remuneration and social security | 45 | €42,505 | €18,873 | -€23,632 | -55.6% |
| Taxes | 450/3 | €42,505 | €18,873 | -€23,632 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,092 | €4,948 | +€856 | +20.9% |
| Other operating charges | 640/8 | €369 | €825 | +€456 | +123.5% |
| Gross operating margin | 9900 | €36,356 | €9,389 | -€26,968 | -74.2% |
| Operating profit (loss) | 9901 | €31,895 | €3,615 | -€28,279 | -88.7% |
| Financial income | 75/76B | €4,043 | €4,697 | +€655 | +16.2% |
| Recurring financial income | 75 | €4,043 | €4,697 | +€655 | +16.2% |
| Financial charges | 65/66B | €775 | €622 | -€153 | -19.8% |
| Recurring financial charges | 65 | €775 | €622 | -€153 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €35,162 | €7,691 | -€27,471 | -78.1% |
| Income taxes | 67/77 | €8,600 | €3,088 | -€5,512 | -64.1% |
| Profit (loss) for the period | 9904 | €26,562 | €4,603 | -€21,959 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,562 | €4,603 | -€21,959 | -82.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.