Turnacum: 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.
Turnacum
Largest movements
- Tangible fixed assets -€53,245
down €53,245 (-3.4%), from €1.6m to €1.5m
- Short-term financial debts -€475,000
down €475,000 (-63.3%), from €750,000 to €275,000
- Debts after one year +€438,519
up €438,519 (+60.4%), from €725,611 to €1.2m
- Profit (loss) carried forward -€30,167
down €30,167 (-6.0%), from -€502,438 to -€532,604
- Financial income -€42,903
down €42,903 (-100%), from €42,903 to €0
- Gross operating margin +€14,384
up €14,384 (+23.0%), from €62,527 to €76,911
- Financial charges -€5,714
down €5,714 (-11.6%), from €49,267 to €43,553
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 | €1,608,495 | €1,541,990 | -€66,505 | -4.1% |
| Fixed assets | 21/28 | €1,565,886 | €1,512,641 | -€53,245 | -3.4% |
| Tangible fixed assets | 22/27 | €1,565,886 | €1,512,641 | -€53,245 | -3.4% |
| Land and buildings | 22 | €1,565,886 | €1,512,641 | -€53,245 | -3.4% |
| Current assets | 29/58 | €42,608 | €29,349 | -€13,259 | -31.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €26 | €856 | +€830 | +3,206% |
| Trade receivables | 40 | €26 | €856 | +€830 | +3,206% |
| Cash at bank and in hand | 54/58 | €40,464 | €26,294 | -€14,170 | -35.0% |
| Deferred charges and accrued income | 490/1 | €2,119 | €2,199 | +€80 | +3.8% |
| Total equity and liabilities | 10/49 | €1,608,495 | €1,541,990 | -€66,505 | -4.1% |
| Equity | 10/15 | -€102,438 | -€132,604 | -€30,167 | -29.4% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€502,438 | -€532,604 | -€30,167 | -6.0% |
| Amounts payable | 17/49 | €1,710,932 | €1,674,594 | -€36,338 | -2.1% |
| Amounts payable after more than one year | 17 | €725,611 | €1,164,130 | +€438,519 | +60.4% |
| Financial debts | 170/4 | €725,611 | €1,164,130 | +€438,519 | +60.4% |
| Amounts payable within one year | 42/48 | €969,957 | €494,643 | -€475,314 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €55,919 | €61,481 | +€5,562 | +9.9% |
| Financial debts | 43 | €750,000 | €275,000 | -€475,000 | -63.3% |
| Other loans | 439 | €750,000 | €275,000 | -€475,000 | -63.3% |
| Trade debts | 44 | €35,367 | €28,602 | -€6,765 | -19.1% |
| Suppliers | 440/4 | €35,367 | €28,602 | -€6,765 | -19.1% |
| Other amounts payable | 47/48 | €128,672 | €129,561 | +€889 | +0.7% |
| Accrued charges and deferred income | 492/3 | €15,364 | €15,820 | +€456 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,245 | €53,245 | = | 0.0% |
| Other operating charges | 640/8 | €9,943 | €10,279 | +€336 | +3.4% |
| Gross operating margin | 9900 | €62,527 | €76,911 | +€14,384 | +23.0% |
| Operating profit (loss) | 9901 | -€661 | €13,387 | +€14,048 | |
| Financial income | 75/76B | €42,903 | €0 | -€42,903 | -100% |
| Recurring financial income | 75 | €42,903 | €0 | -€42,903 | -100% |
| Financial charges | 65/66B | €49,267 | €43,553 | -€5,714 | -11.6% |
| Recurring financial charges | 65 | €49,267 | €43,553 | -€5,714 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,026 | -€30,167 | -€23,141 | -329% |
| Profit (loss) for the period | 9904 | -€7,026 | -€30,167 | -€23,141 | -329% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,026 | -€30,167 | -€23,141 | -329% |
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 15 October 2026 via checked.be.