TURPAL: 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.
TURPAL
Largest movements
- Stocks and contracts +€15,750
up €15,750 (+61.8%), from €25,482 to €41,232
- Receivables within one year -€10,544
down €10,544 (-10.1%), from €104,215 to €93,671
of which Trade receivables: -€19,614
- Cash +€5,147
up €5,147 (+33.5%), from €15,383 to €20,530
mainly Other debts (+€29,738) and Receivables within one year (+€10,544)
- Financial fixed assets +€2,175
up €2,175 (+65.9%), from €3,300 to €5,475
- Other debts +€29,738
up €29,738 (+693%), from €4,290 to €34,028
- Trade debts -€21,371
down €21,371 (-16.4%), from €130,589 to €109,219
- Profit (loss) carried forward +€2,251
up €2,251 (+39.2%), from €5,735 to €7,986
- Gross operating margin -€2,037
down €2,037 (-25.4%), from €8,022 to €5,985
- Taxes +€1,800
up €1,800 (+341%), from €529 to €2,329
- Depreciation -€1,369
down €1,369 (-61.2%), from €2,239 to €869
- Other operating charges -€833
down €833 (-68.1%), from €1,225 to €391
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,850 | €161,508 | +€11,659 | +7.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,769 | €6,075 | +€1,306 | +27.4% |
| Tangible fixed assets | 22/27 | €1,469 | €600 | -€869 | -59.2% |
| Furniture and vehicles | 24 | €1,469 | €600 | -€869 | -59.2% |
| Financial fixed assets | 28 | €3,300 | €5,475 | +€2,175 | +65.9% |
| Current assets | 29/58 | €145,081 | €155,434 | +€10,353 | +7.1% |
| Stocks and contracts in progress | 3 | €25,482 | €41,232 | +€15,750 | +61.8% |
| Stocks | 30/36 | €25,482 | €41,232 | +€15,750 | +61.8% |
| Amounts receivable within one year | 40/41 | €104,215 | €93,671 | -€10,544 | -10.1% |
| Trade receivables | 40 | €98,663 | €79,049 | -€19,614 | -19.9% |
| Other amounts receivable | 41 | €5,552 | €14,622 | +€9,070 | +163% |
| Cash at bank and in hand | 54/58 | €15,383 | €20,530 | +€5,147 | +33.5% |
| Total equity and liabilities | 10/49 | €149,850 | €161,508 | +€11,659 | +7.8% |
| Equity | 10/15 | €13,235 | €15,486 | +€2,251 | +17.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Contributions outside capital | 11 | €7,500 | - | -€7,500 | |
| Other | 1109/19 | €7,500 | - | -€7,500 | |
| Profit (loss) carried forward | 14 | €5,735 | €7,986 | +€2,251 | +39.2% |
| Amounts payable | 17/49 | €136,615 | €146,022 | +€9,408 | +6.9% |
| Amounts payable within one year | 42/48 | €136,615 | €146,022 | +€9,408 | +6.9% |
| Trade debts | 44 | €130,589 | €109,219 | -€21,371 | -16.4% |
| Suppliers | 440/4 | €130,589 | €109,219 | -€21,371 | -16.4% |
| Taxes, remuneration and social security | 45 | €1,736 | €2,776 | +€1,040 | +59.9% |
| Taxes | 450/3 | €1,736 | €2,776 | +€1,040 | +59.9% |
| Other amounts payable | 47/48 | €4,290 | €34,028 | +€29,738 | +693% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,239 | €869 | -€1,369 | -61.2% |
| Other operating charges | 640/8 | €1,225 | €391 | -€833 | -68.1% |
| Non-recurring operating charges | 66A | €1,800 | - | -€1,800 | |
| Gross operating margin | 9900 | €8,022 | €5,985 | -€2,037 | -25.4% |
| Operating profit (loss) | 9901 | €2,758 | €4,724 | +€1,966 | +71.3% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €115 | €145 | +€29 | +25.2% |
| Recurring financial charges | 65 | €115 | €145 | +€29 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €2,643 | €4,580 | +€1,937 | +73.3% |
| Income taxes | 67/77 | €529 | €2,329 | +€1,800 | +341% |
| Profit (loss) for the period | 9904 | €2,114 | €2,251 | +€137 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,114 | €2,251 | +€137 | +6.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.