Turnkey Business Solutions: what changed
What changed
Turnkey Business Solutions
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€765,991
2024 · €1.3m-€534,753
Equity
€3.0m
2024 · €2.2m+€765,991
Cash
€9,452
2024 · €35,647-€26,195
Balance sheet total
€5.9m
2024 · €5.9m-€22,102
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€765,991
up €765,991 (+58.9%), from €1.3m to €2.1m
- Short-term financial debts -€500,000
down €500,000 (-100%), from €500,000 to €0
- Debts after one year -€414,288
down €414,288 (-15.0%), from €2.8m to €2.4m
- Advances received +€106,541
new in 2025: €106,541
Income statement
- Financial income -€715,000
down €715,000 (-45.7%), from €1.6m to €850,000
- Financial charges -€101,389
down €101,389 (-41.3%), from €245,738 to €144,350
- Gross operating margin +€78,861
up €78,861, from -€18,400 to €60,461
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.3m
Gross operating margin
+€78,861
Other operating charges
-€2
Financial income
-€715,000
Financial charges
+€101,389
Result 2025
€765,991
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€888,093
Investment
€0
Financing
-€914,288
Cash 2024
€35,647
From operations (derived)
+€888,093
Net result for the year
+€765,991
Receivables within one year
-€4,092
Trade debts
+€11,724
Tax, wage and social debts
+€7,930
Advances received
+€106,541
Financing
-€914,288
Debts after one year
-€414,288
Short-term financial debts
-€500,000
Cash 2025
€9,452
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,892,884 | €5,870,781 | -€22,102 | -0.4% |
| Fixed assets | 21/28 | €5,850,000 | €5,850,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,850,000 | €5,850,000 | = | 0.0% |
| Current assets | 29/58 | €42,884 | €20,781 | -€22,102 | -51.5% |
| Amounts receivable within one year | 40/41 | €7,237 | €11,329 | +€4,092 | +56.6% |
| Trade receivables | 40 | - | €11,329 | +€11,329 | |
| Other amounts receivable | 41 | €7,237 | €0 | -€7,237 | -100% |
| Cash at bank and in hand | 54/58 | €35,647 | €9,452 | -€26,195 | -73.5% |
| Total equity and liabilities | 10/49 | €5,892,884 | €5,870,781 | -€22,102 | -0.4% |
| Equity | 10/15 | €2,200,744 | €2,966,735 | +€765,991 | +34.8% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €1,300,744 | €2,066,735 | +€765,991 | +58.9% |
| Distributable reserves | 133 | €1,300,744 | €2,066,735 | +€765,991 | +58.9% |
| Amounts payable | 17/49 | €3,692,140 | €2,904,047 | -€788,093 | -21.3% |
| Amounts payable after more than one year | 17 | €2,767,852 | €2,353,564 | -€414,288 | -15.0% |
| Financial debts | 170/4 | €2,767,852 | €2,353,564 | -€414,288 | -15.0% |
| Amounts payable within one year | 42/48 | €914,288 | €540,483 | -€373,805 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €414,288 | €414,288 | = | 0.0% |
| Financial debts | 43 | €500,000 | €0 | -€500,000 | -100% |
| Credit institutions | 430/8 | €500,000 | €0 | -€500,000 | -100% |
| Trade debts | 44 | - | €11,724 | +€11,724 | |
| Suppliers | 440/4 | - | €11,724 | +€11,724 | |
| Advances received on contracts in progress | 46 | - | €106,541 | +€106,541 | |
| Taxes, remuneration and social security | 45 | - | €7,930 | +€7,930 | |
| Taxes | 450/3 | - | €7,930 | +€7,930 | |
| Accrued charges and deferred income | 492/3 | €10,000 | €10,000 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€18,400 | €60,461 | +€78,861 | |
| Operating profit (loss) | 9901 | -€18,518 | €60,341 | +€78,859 | |
| Financial income | 75/76B | €1,565,000 | €850,000 | -€715,000 | -45.7% |
| Recurring financial income | 75 | €1,565,000 | €850,000 | -€715,000 | -45.7% |
| Financial charges | 65/66B | €245,738 | €144,350 | -€101,389 | -41.3% |
| Recurring financial charges | 65 | €245,738 | €144,350 | -€101,389 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €1,300,744 | €765,991 | -€534,753 | -41.1% |
| Profit (loss) for the period | 9904 | €1,300,744 | €765,991 | -€534,753 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,300,744 | €765,991 | -€534,753 | -41.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.