TURNER ENGINERING: 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.
TURNER ENGINERING
Largest movements
- Receivables within one year +€3,371
up €3,371 (+8.4%), from €40,129 to €43,500
of which Trade receivables: +€4,268
- Deferred charges and accrued income -€1,342
no longer reported in 2025 (was €1,342)
- Cash -€1,308
down €1,308 (-42.1%), from €3,107 to €1,799
mainly Receivables within one year (-€3,371) and Trade debts (-€2,764)
- Tangible fixed assets +€697
up €697 (+83.4%), from €836 to €1,533
of which Plant, machinery and equipment: +€1,058
- Profit (loss) carried forward +€4,874
up €4,874 (+20.3%), from -€24,065 to -€19,191
- Trade debts -€2,764
down €2,764 (-37.9%), from €7,286 to €4,522
- Tax, wage and social debts -€575
down €575 (-31.1%), from €1,851 to €1,276
- Gross operating margin +€4,368
up €4,368 (+168%), from €2,606 to €6,974
- Other operating charges +€1,074
up €1,074 (+313%), from €343 to €1,417
- Depreciation -€263
down €263 (-38.7%), from €681 to €418
- Financial charges +€100
up €100 (+55.9%), from €178 to €278
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 | €47,726 | €49,145 | +€1,418 | +3.0% |
| Fixed assets | 21/28 | €836 | €1,533 | +€697 | +83.4% |
| Tangible fixed assets | 22/27 | €836 | €1,533 | +€697 | +83.4% |
| Plant, machinery and equipment | 23 | - | €1,058 | +€1,058 | |
| Furniture and vehicles | 24 | €836 | €475 | -€361 | -43.1% |
| Current assets | 29/58 | €46,890 | €47,612 | +€721 | +1.5% |
| Stocks and contracts in progress | 3 | €2,313 | €2,313 | = | 0.0% |
| Stocks | 30/36 | €2,313 | €2,313 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,129 | €43,500 | +€3,371 | +8.4% |
| Trade receivables | 40 | - | €4,268 | +€4,268 | |
| Other amounts receivable | 41 | €40,129 | €39,232 | -€897 | -2.2% |
| Cash at bank and in hand | 54/58 | €3,107 | €1,799 | -€1,308 | -42.1% |
| Deferred charges and accrued income | 490/1 | €1,342 | - | -€1,342 | |
| Total equity and liabilities | 10/49 | €47,726 | €49,145 | +€1,418 | +3.0% |
| Equity | 10/15 | €38,435 | €43,309 | +€4,874 | +12.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,065 | -€19,191 | +€4,874 | +20.3% |
| Amounts payable | 17/49 | €9,291 | €5,836 | -€3,456 | -37.2% |
| Amounts payable within one year | 42/48 | €9,291 | €5,836 | -€3,456 | -37.2% |
| Financial debts | 43 | €155 | €38 | -€117 | -75.4% |
| Credit institutions | 430/8 | €155 | €38 | -€117 | -75.4% |
| Trade debts | 44 | €7,286 | €4,522 | -€2,764 | -37.9% |
| Suppliers | 440/4 | €7,286 | €4,522 | -€2,764 | -37.9% |
| Taxes, remuneration and social security | 45 | €1,851 | €1,276 | -€575 | -31.1% |
| Taxes | 450/3 | €1,851 | €1,276 | -€575 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €681 | €418 | -€263 | -38.7% |
| Other operating charges | 640/8 | €343 | €1,417 | +€1,074 | +313% |
| Gross operating margin | 9900 | €2,606 | €6,974 | +€4,368 | +168% |
| Operating profit (loss) | 9901 | €1,582 | €5,139 | +€3,557 | +225% |
| Financial income | 75/76B | €10 | €13 | +€3 | +27.0% |
| Recurring financial income | 75 | €10 | €13 | +€3 | +27.0% |
| Financial charges | 65/66B | €178 | €278 | +€100 | +55.9% |
| Recurring financial charges | 65 | €178 | €278 | +€100 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €1,414 | €4,874 | +€3,460 | +245% |
| Profit (loss) for the period | 9904 | €1,414 | €4,874 | +€3,460 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €1,414 | €4,874 | +€3,460 | +245% |
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 22 October 2026 via checked.be.