TurnUp: 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.
TurnUp
Largest movements
- Receivables within one year -€345,373
down €345,373 (-85.3%), from €404,972 to €59,599
of which Other amounts receivable: -€357,696
- Intangible fixed assets +€159,457
up €159,457 (+45.5%), from €350,362 to €509,819
- Cash +€36,131
up €36,131 (+89.9%), from €40,195 to €76,325
mainly Receivables within one year (+€345,373) and Debts after one year (+€144,926)
- Deferred charges and accrued income -€35,504
down €35,504 (-82.9%), from €42,828 to €7,325
- Contributions -€1.1m
down €1.1m (-87.1%), from €1.3m to €167,701
- Profit (loss) carried forward +€797,231
up €797,231, from -€797,231 to €0
- Debts after one year +€144,926
up €144,926 (+170.1%), from €85,224 to €230,150
- Short-term financial debts +€126,376
up €126,376 (+10610.6%), from €1,191 to €127,567
of which Credit institutions: +€125,000
- Trade debts -€98,173
down €98,173 (-49.4%), from €198,812 to €100,639
- Gross operating margin +€248,052
up €248,052, from -€224,951 to €23,101
- Staff costs +€53,309
up €53,309 (+29.2%), from €182,693 to €236,002
- Depreciation +€45,299
up €45,299 (+73.9%), from €61,327 to €106,625
- Financial charges +€2,888
up €2,888 (+25.9%), from €11,135 to €14,023
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 | €851,990 | €665,196 | -€186,794 | -21.9% |
| Fixed assets | 21/28 | €363,995 | €521,947 | +€157,952 | +43.4% |
| Intangible fixed assets | 21 | €350,362 | €509,819 | +€159,457 | +45.5% |
| Tangible fixed assets | 22/27 | €11,658 | €10,153 | -€1,505 | -12.9% |
| Plant, machinery and equipment | 23 | €11,658 | €10,153 | -€1,505 | -12.9% |
| Financial fixed assets | 28 | €1,975 | €1,975 | = | 0.0% |
| Current assets | 29/58 | €487,995 | €143,249 | -€344,747 | -70.6% |
| Amounts receivable within one year | 40/41 | €404,972 | €59,599 | -€345,373 | -85.3% |
| Trade receivables | 40 | €35,751 | €48,074 | +€12,323 | +34.5% |
| Other amounts receivable | 41 | €369,222 | €11,525 | -€357,696 | -96.9% |
| Cash at bank and in hand | 54/58 | €40,195 | €76,325 | +€36,131 | +89.9% |
| Deferred charges and accrued income | 490/1 | €42,828 | €7,325 | -€35,504 | -82.9% |
| Total equity and liabilities | 10/49 | €851,990 | €665,196 | -€186,794 | -21.9% |
| Equity | 10/15 | €502,769 | €167,701 | -€335,069 | -66.6% |
| Contributions | 10/11 | €1,300,000 | €167,701 | -€1.1m | -87.1% |
| Profit (loss) carried forward | 14 | -€797,231 | €0 | +€797,231 | |
| Amounts payable | 17/49 | €349,221 | €497,495 | +€148,274 | +42.5% |
| Amounts payable after more than one year | 17 | €85,224 | €230,150 | +€144,926 | +170.1% |
| Financial debts | 170/4 | €85,224 | €230,150 | +€144,926 | +170.1% |
| Amounts payable within one year | 42/48 | €263,768 | €262,103 | -€1,665 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €4,999 | €5,074 | +€75 | +1.5% |
| Financial debts | 43 | €1,191 | €127,567 | +€126,376 | +10610.6% |
| Credit institutions | 430/8 | €0 | €125,000 | +€125,000 | |
| Other loans | 439 | €1,191 | €2,567 | +€1,376 | +115.5% |
| Trade debts | 44 | €198,812 | €100,639 | -€98,173 | -49.4% |
| Suppliers | 440/4 | €198,812 | €100,639 | -€98,173 | -49.4% |
| Taxes, remuneration and social security | 45 | €33,684 | €25,780 | -€7,904 | -23.5% |
| Taxes | 450/3 | €4,662 | €5,789 | +€1,127 | +24.2% |
| Remuneration and social security | 454/9 | €29,022 | €19,991 | -€9,031 | -31.1% |
| Other amounts payable | 47/48 | €25,083 | €3,044 | -€22,039 | -87.9% |
| Accrued charges and deferred income | 492/3 | €228 | €5,242 | +€5,013 | +2195.6% |
| Remuneration, social security and pensions | 62 | €182,693 | €236,002 | +€53,309 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,327 | €106,625 | +€45,299 | +73.9% |
| Other operating charges | 640/8 | €1,043 | €972 | -€72 | -6.9% |
| Non-recurring operating charges | 66A | €5,596 | €0 | -€5,596 | -100.0% |
| Gross operating margin | 9900 | -€224,951 | €23,101 | +€248,052 | |
| Operating profit (loss) | 9901 | -€475,610 | -€320,498 | +€155,112 | +32.6% |
| Financial income | 75/76B | €197 | €0 | -€197 | -100.0% |
| Recurring financial income | 75 | €197 | €0 | -€197 | -100.0% |
| Financial charges | 65/66B | €11,135 | €14,023 | +€2,888 | +25.9% |
| Recurring financial charges | 65 | €11,135 | €14,023 | +€2,888 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | -€486,548 | -€334,521 | +€152,027 | +31.2% |
| Income taxes | 67/77 | €751 | €547 | -€204 | -27.1% |
| Profit (loss) for the period | 9904 | -€487,299 | -€335,069 | +€152,230 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€487,299 | -€335,069 | +€152,230 | +31.2% |
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 11 October 2026 via checked.be.