TURNPOINT: what changed
Two fiscal 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.
TURNPOINT
Largest movements
- Receivables within one year -€85,635
down €85,635 (-86.9%), from €98,500 to €12,865
of which Trade receivables: -€83,278
- Tangible fixed assets +€25,547
up €25,547 (+6.6%), from €388,308 to €413,855
- Cash -€13,657
down €13,657 (-10.0%), from €136,223 to €122,566
mainly Investment in fixed assets (net) (-€53,992) and Trade debts (-€42,562)
- Trade debts -€42,562
down €42,562 (-53.9%), from €79,017 to €36,455
- Other debts -€27,598
down €27,598 (-32.7%), from €84,399 to €56,801
- Profit (loss) carried forward -€7,569
down €7,569 (-2.3%), from €323,589 to €316,020
- Gross operating margin -€29,029
down €29,029 (-44.7%), from €64,958 to €35,929
- Depreciation -€12,040
down €12,040 (-29.7%), from €40,485 to €28,445
- Taxes -€2,322
down €2,322, from €2,309 to -€13
- Other operating charges +€1,088
up €1,088 (+7.8%), from €13,864 to €14,952
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 | €623,030 | €549,286 | -€73,744 | -11.8% |
| Fixed assets | 21/28 | €388,308 | €413,855 | +€25,547 | +6.6% |
| Tangible fixed assets | 22/27 | €388,308 | €413,855 | +€25,547 | +6.6% |
| Land and buildings | 22 | €388,308 | €413,855 | +€25,547 | +6.6% |
| Current assets | 29/58 | €234,722 | €135,431 | -€99,291 | -42.3% |
| Amounts receivable within one year | 40/41 | €98,500 | €12,865 | -€85,635 | -86.9% |
| Trade receivables | 40 | €91,143 | €7,865 | -€83,278 | -91.4% |
| Other amounts receivable | 41 | €7,356 | €5,000 | -€2,356 | -32.0% |
| Cash at bank and in hand | 54/58 | €136,223 | €122,566 | -€13,657 | -10.0% |
| Total equity and liabilities | 10/49 | €623,030 | €549,286 | -€73,744 | -11.8% |
| Equity | 10/15 | €440,872 | €433,304 | -€7,569 | -1.7% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €27,284 | €27,284 | = | 0.0% |
| Distributable reserves | 133 | €27,284 | €27,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,589 | €316,020 | -€7,569 | -2.3% |
| Amounts payable | 17/49 | €182,158 | €115,982 | -€66,176 | -36.3% |
| Amounts payable within one year | 42/48 | €170,058 | €103,563 | -€66,495 | -39.1% |
| Trade debts | 44 | €79,017 | €36,455 | -€42,562 | -53.9% |
| Suppliers | 440/4 | €79,017 | €36,455 | -€42,562 | -53.9% |
| Taxes, remuneration and social security | 45 | €6,642 | €10,307 | +€3,664 | +55.2% |
| Taxes | 450/3 | €6,642 | €10,307 | +€3,664 | +55.2% |
| Other amounts payable | 47/48 | €84,399 | €56,801 | -€27,598 | -32.7% |
| Accrued charges and deferred income | 492/3 | €12,100 | €12,419 | +€320 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,485 | €28,445 | -€12,040 | -29.7% |
| Other operating charges | 640/8 | €13,864 | €14,952 | +€1,088 | +7.8% |
| Gross operating margin | 9900 | €64,958 | €35,929 | -€29,029 | -44.7% |
| Operating profit (loss) | 9901 | €10,609 | -€7,468 | -€18,077 | |
| Financial charges | 65/66B | €114 | €114 | +€0 | +0.1% |
| Recurring financial charges | 65 | €114 | €114 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €10,495 | -€7,582 | -€18,077 | |
| Income taxes | 67/77 | €2,309 | -€13 | -€2,322 | |
| Profit (loss) for the period | 9904 | €8,186 | -€7,569 | -€15,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,186 | -€7,569 | -€15,755 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.