TURNHOUT STYLING: 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.
TURNHOUT STYLING
Largest movements
- Financial fixed assets -€20,987
down €20,987 (-40.2%), from €52,177 to €31,190
- Cash +€8,916
up €8,916 (+323%), from €2,764 to €11,679
mainly Investment in fixed assets (net) (+€20,132) and Net result for the year (+€16,970)
- Stocks and contracts +€3,333
up €3,333 (+79.3%), from €4,201 to €7,534
- Receivables within one year +€1,507
up €1,507 (+138%), from €1,088 to €2,596
of which Other amounts receivable: +€1,568
- Deferred charges and accrued income -€1,458
down €1,458 (-78.1%), from €1,866 to €408
- Other debts -€12,565
down €12,565 (-40.5%), from €31,020 to €18,455
- Accrued charges and deferred income +€4,742
up €4,742 (+908%), from €522 to €5,264
- Trade debts -€1,136
down €1,136 (-15.7%), from €7,257 to €6,122
- Gross operating margin -€46,519
down €46,519 (-25.8%), from €180,570 to €134,051
- Staff costs -€22,353
down €22,353 (-17.0%), from €131,621 to €109,268
- Taxes -€6,023
down €6,023 (-48.5%), from €12,429 to €6,406
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 | €63,743 | €54,576 | -€9,167 | -14.4% |
| Fixed assets | 21/28 | €53,824 | €32,359 | -€21,465 | -39.9% |
| Tangible fixed assets | 22/27 | €1,647 | €1,169 | -€478 | -29.0% |
| Plant, machinery and equipment | 23 | €1,411 | €1,143 | -€268 | -19.0% |
| Other tangible fixed assets | 26 | €236 | €26 | -€210 | -89.0% |
| Financial fixed assets | 28 | €52,177 | €31,190 | -€20,987 | -40.2% |
| Current assets | 29/58 | €9,919 | €22,217 | +€12,298 | +124% |
| Stocks and contracts in progress | 3 | €4,201 | €7,534 | +€3,333 | +79.3% |
| Stocks | 30/36 | €4,201 | €7,534 | +€3,333 | +79.3% |
| Amounts receivable within one year | 40/41 | €1,088 | €2,596 | +€1,507 | +138% |
| Trade receivables | 40 | €61 | - | -€61 | |
| Other amounts receivable | 41 | €1,027 | €2,596 | +€1,568 | +153% |
| Cash at bank and in hand | 54/58 | €2,764 | €11,679 | +€8,916 | +323% |
| Deferred charges and accrued income | 490/1 | €1,866 | €408 | -€1,458 | -78.1% |
| Total equity and liabilities | 10/49 | €63,743 | €54,576 | -€9,167 | -14.4% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €45,143 | €35,976 | -€9,167 | -20.3% |
| Amounts payable within one year | 42/48 | €44,621 | €30,712 | -€13,909 | -31.2% |
| Trade debts | 44 | €7,257 | €6,122 | -€1,136 | -15.7% |
| Suppliers | 440/4 | €7,257 | €6,122 | -€1,136 | -15.7% |
| Taxes, remuneration and social security | 45 | €6,343 | €6,136 | -€208 | -3.3% |
| Taxes | 450/3 | €2,884 | €3,485 | +€601 | +20.8% |
| Remuneration and social security | 454/9 | €3,459 | €2,651 | -€808 | -23.4% |
| Other amounts payable | 47/48 | €31,020 | €18,455 | -€12,565 | -40.5% |
| Accrued charges and deferred income | 492/3 | €522 | €5,264 | +€4,742 | +908% |
| Remuneration, social security and pensions | 62 | €131,621 | €109,268 | -€22,353 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,936 | €1,333 | -€603 | -31.2% |
| Other operating charges | 640/8 | €592 | €521 | -€72 | -12.1% |
| Gross operating margin | 9900 | €180,570 | €134,051 | -€46,519 | -25.8% |
| Operating profit (loss) | 9901 | €46,421 | €22,930 | -€23,491 | -50.6% |
| Financial income | 75/76B | €490 | €561 | +€71 | +14.4% |
| Recurring financial income | 75 | €490 | €561 | +€71 | +14.4% |
| Financial charges | 65/66B | €162 | €115 | -€47 | -29.1% |
| Recurring financial charges | 65 | €162 | €115 | -€47 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €46,750 | €23,376 | -€23,374 | -50.0% |
| Income taxes | 67/77 | €12,429 | €6,406 | -€6,023 | -48.5% |
| Profit (loss) for the period | 9904 | €34,320 | €16,970 | -€17,350 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,320 | €16,970 | -€17,350 | -50.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.