TURNICON: 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.
TURNICON
Largest movements
- Cash +€169,501
up €169,501 (+127.0%), from €133,430 to €302,931
mainly Current investments (+€98,000) and Net result for the year (+€95,065)
- Current investments -€98,000
down €98,000 (-9.8%), from €996,015 to €898,015
- Receivables within one year +€53,750
up €53,750 (+2.9%), from €1.8m to €1.9m
of which Other amounts receivable: +€341,777
- Stocks and contracts -€46,714
down €46,714 (-53.9%), from €86,714 to €40,000
- Financial fixed assets -€37,800
down €37,800 (-100.0%), from €37,800 to €0
- Reserves +€95,065
up €95,065 (+3.7%), from €2.6m to €2.7m
of which Distributable reserves: +€95,065
- Trade debts -€40,360
down €40,360 (-72.0%), from €56,044 to €15,684
- Gross operating margin +€125,621
up €125,621 (+118.2%), from €106,285 to €231,905
- Staff costs +€46,044
up €46,044 (+75.4%), from €61,081 to €107,125
- Write-downs -€34,850
down €34,850 (-100.0%), from €34,850 to €0
- Taxes +€28,549
up €28,549 (+894.8%), from €3,190 to €31,740
- Financial charges -€4,276
down €4,276 (-76.3%), from €5,601 to €1,325
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 | €3,089,108 | €3,129,845 | +€40,738 | +1.3% |
| Fixed assets | 21/28 | €37,800 | €0 | -€37,800 | -100.0% |
| Financial fixed assets | 28 | €37,800 | €0 | -€37,800 | -100.0% |
| Current assets | 29/58 | €3,051,308 | €3,129,845 | +€78,538 | +2.6% |
| Stocks and contracts in progress | 3 | €86,714 | €40,000 | -€46,714 | -53.9% |
| Stocks | 30/36 | €86,714 | €40,000 | -€46,714 | -53.9% |
| Amounts receivable within one year | 40/41 | €1,832,565 | €1,886,315 | +€53,750 | +2.9% |
| Trade receivables | 40 | €299,074 | €11,048 | -€288,026 | -96.3% |
| Other amounts receivable | 41 | €1,533,491 | €1,875,267 | +€341,777 | +22.3% |
| Current investments | 50/53 | €996,015 | €898,015 | -€98,000 | -9.8% |
| Cash at bank and in hand | 54/58 | €133,430 | €302,931 | +€169,501 | +127.0% |
| Deferred charges and accrued income | 490/1 | €2,583 | €2,583 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,089,108 | €3,129,845 | +€40,738 | +1.3% |
| Equity | 10/15 | €2,992,336 | €3,087,401 | +€95,065 | +3.2% |
| Contributions | 10/11 | €396,878 | €396,878 | = | 0.0% |
| Capital | 10 | €396,878 | €396,878 | = | 0.0% |
| Issued capital | 100 | €396,878 | €396,878 | = | 0.0% |
| Reserves | 13 | €2,595,458 | €2,690,523 | +€95,065 | +3.7% |
| Non-distributable reserves | 130/1 | €39,688 | €39,688 | = | 0.0% |
| Legal reserve | 130 | €39,688 | €39,688 | = | 0.0% |
| Distributable reserves | 133 | €2,555,771 | €2,650,836 | +€95,065 | +3.7% |
| Amounts payable | 17/49 | €96,772 | €42,444 | -€54,327 | -56.1% |
| Amounts payable within one year | 42/48 | €96,772 | €42,444 | -€54,327 | -56.1% |
| Trade debts | 44 | €56,044 | €15,684 | -€40,360 | -72.0% |
| Suppliers | 440/4 | €56,044 | €15,684 | -€40,360 | -72.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,346 | €968 | -€14,378 | -93.7% |
| Taxes | 450/3 | €10,777 | €968 | -€9,809 | -91.0% |
| Remuneration and social security | 454/9 | €4,569 | €0 | -€4,569 | -100.0% |
| Other amounts payable | 47/48 | €25,382 | €25,792 | +€410 | +1.6% |
| Remuneration, social security and pensions | 62 | €61,081 | €107,125 | +€46,044 | +75.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,850 | €0 | -€34,850 | -100.0% |
| Other operating charges | 640/8 | €2,161 | €2,602 | +€442 | +20.4% |
| Gross operating margin | 9900 | €106,285 | €231,905 | +€125,621 | +118.2% |
| Operating profit (loss) | 9901 | €8,193 | €122,178 | +€113,985 | +1391.3% |
| Financial income | 75/76B | €9,506 | €5,951 | -€3,555 | -37.4% |
| Recurring financial income | 75 | €9,506 | €5,951 | -€3,555 | -37.4% |
| Financial charges | 65/66B | €5,601 | €1,325 | -€4,276 | -76.3% |
| Recurring financial charges | 65 | €5,601 | €1,325 | -€4,276 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €12,098 | €126,805 | +€114,706 | +948.1% |
| Income taxes | 67/77 | €3,190 | €31,740 | +€28,549 | +894.8% |
| Profit (loss) for the period | 9904 | €8,908 | €95,065 | +€86,157 | +967.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,908 | €95,065 | +€86,157 | +967.2% |
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 9 October 2026 via checked.be.