TURNO - VERZEKERINGEN: what changed
What changed
TURNO - VERZEKERINGEN
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€264,476
2024 · €255,505+€8,972
Equity
€930,391
2024 · €2.4m-€1.4m
Cash
€477,114
2024 · €462,779+€14,335
Balance sheet total
€992,078
2024 · €2.5m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.2m
down €1.2m (-92.5%), from €1.3m to €95,474
of which Other amounts receivable: -€1.2m
- Current investments -€189,981
down €189,981 (-66.0%), from €287,700 to €97,719
- Intangible fixed assets -€119,500
down €119,500 (-46.2%), from €258,500 to €139,000
- Tangible fixed assets -€40,852
down €40,852 (-19.1%), from €213,829 to €172,977
of which Other tangible fixed assets: -€34,735
Equity and liabilities
- Reserves -€1.4m
down €1.4m (-62.5%), from €2.3m to €868,391
of which Distributable reserves: -€1.4m
- Trade debts -€36,931
down €36,931 (-66.2%), from €55,770 to €18,839
- Tax, wage and social debts -€28,978
down €28,978 (-42.1%), from €68,900 to €39,921
of which Taxes: -€29,035
Income statement
- Gross operating margin +€19,617
up €19,617 (+2.7%), from €719,075 to €738,692
- Financial income +€9,343
up €9,343 (+2,021%), from €462 to €9,805
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
€255,505
Gross operating margin
+€19,617
Staff costs
+€3,469
Depreciation
+€130
Write-downs
-€6,788
Other operating charges
+€393
Other operating items
-€13,969
Financial income
+€9,343
Financial charges
+€1,712
Taxes
-€4,935
Result 2025
€264,476
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.5m
Investment
+€189,981
Financing
-€1.7m
Cash 2024
€462,779
From operations (derived)
+€1.5m
Net result for the year
+€264,476
Depreciation
+€160,352
Receivables within one year
+€1.2m
Smaller working-capital items
-€8,073
Trade debts
-€36,931
Tax, wage and social debts
-€28,978
Investment (derived)
+€189,981
Current investments
+€189,981
Financing
-€1.7m
Contributions, distributions and other
-€1.7m
Cash 2025
€477,114
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,507,646 | €992,078 | -€1.5m | -60.4% |
| Fixed assets | 21/28 | €472,329 | €311,977 | -€160,352 | -33.9% |
| Intangible fixed assets | 21 | €258,500 | €139,000 | -€119,500 | -46.2% |
| Tangible fixed assets | 22/27 | €213,829 | €172,977 | -€40,852 | -19.1% |
| Land and buildings | 22 | €17,491 | €14,475 | -€3,016 | -17.2% |
| Plant, machinery and equipment | 23 | €3,136 | €2,191 | -€945 | -30.1% |
| Furniture and vehicles | 24 | €75,723 | €73,566 | -€2,156 | -2.8% |
| Other tangible fixed assets | 26 | €117,479 | €82,744 | -€34,735 | -29.6% |
| Current assets | 29/58 | €2,035,318 | €680,101 | -€1.4m | -66.6% |
| Amounts receivable within one year | 40/41 | €1,278,984 | €95,474 | -€1.2m | -92.5% |
| Trade receivables | 40 | €70,150 | €71,538 | +€1,388 | +2.0% |
| Other amounts receivable | 41 | €1,208,833 | €23,936 | -€1.2m | -98.0% |
| Current investments | 50/53 | €287,700 | €97,719 | -€189,981 | -66.0% |
| Cash at bank and in hand | 54/58 | €462,779 | €477,114 | +€14,335 | +3.1% |
| Deferred charges and accrued income | 490/1 | €5,855 | €9,794 | +€3,939 | +67.3% |
| Total equity and liabilities | 10/49 | €2,507,646 | €992,078 | -€1.5m | -60.4% |
| Equity | 10/15 | €2,375,914 | €930,391 | -€1.4m | -60.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,313,914 | €868,391 | -€1.4m | -62.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,307,714 | €862,191 | -€1.4m | -62.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €131,732 | €61,688 | -€70,044 | -53.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €131,732 | €61,688 | -€70,044 | -53.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €55,770 | €18,839 | -€36,931 | -66.2% |
| Suppliers | 440/4 | €55,770 | €18,839 | -€36,931 | -66.2% |
| Taxes, remuneration and social security | 45 | €68,900 | €39,921 | -€28,978 | -42.1% |
| Taxes | 450/3 | €44,049 | €15,014 | -€29,035 | -65.9% |
| Remuneration and social security | 454/9 | €24,851 | €24,908 | +€57 | +0.2% |
| Other amounts payable | 47/48 | €7,062 | €2,927 | -€4,135 | -58.5% |
| Non-recurring operating income | 76A | €3,000 | €0 | -€3,000 | -100% |
| Remuneration, social security and pensions | 62 | €203,778 | €200,309 | -€3,469 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,482 | €160,352 | -€130 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,788 | +€6,788 | |
| Other operating charges | 640/8 | €2,307 | €1,915 | -€393 | -17.0% |
| Non-recurring operating charges | 66A | €0 | €13,969 | +€13,969 | |
| Gross operating margin | 9900 | €719,075 | €738,692 | +€19,617 | +2.7% |
| Operating profit (loss) | 9901 | €352,507 | €355,359 | +€2,851 | +0.8% |
| Financial income | 75/76B | €462 | €9,805 | +€9,343 | +2,021% |
| Recurring financial income | 75 | €462 | €9,805 | +€9,343 | +2,021% |
| Financial charges | 65/66B | €2,236 | €524 | -€1,712 | -76.6% |
| Recurring financial charges | 65 | €2,236 | €524 | -€1,712 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €350,734 | €364,640 | +€13,906 | +4.0% |
| Income taxes | 67/77 | €95,229 | €100,164 | +€4,935 | +5.2% |
| Profit (loss) for the period | 9904 | €255,505 | €264,476 | +€8,972 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €255,505 | €264,476 | +€8,972 | +3.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.