TURQUOISE: 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.
TURQUOISE
Largest movements
- Cash +€50,316
up €50,316 (+56.5%), from €89,087 to €139,402
mainly Depreciation (+€41,008) and Net result for the year (+€32,516)
- Tangible fixed assets -€14,040
down €14,040 (-11.0%), from €127,476 to €113,435
of which Other tangible fixed assets: -€16,768
- Receivables within one year -€12,120
down €12,120 (-40.2%), from €30,114 to €17,994
of which Trade receivables: -€12,926
- Reserves +€31,000
up €31,000 (+28.6%), from €108,517 to €139,517
of which Distributable reserves: +€31,000
- Other debts -€10,389
down €10,389 (-4.4%), from €233,536 to €223,147
- Gross operating margin +€24,782
up €24,782 (+38.4%), from €64,520 to €89,302
- Taxes +€7,295
up €7,295 (+93.1%), from €7,836 to €15,130
- Depreciation +€1,878
up €1,878 (+4.8%), from €39,130 to €41,008
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.
Derived cash bridge
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 | €456,677 | €480,832 | +€24,155 | +5.3% |
| Fixed assets | 21/28 | €127,476 | €113,435 | -€14,040 | -11.0% |
| Tangible fixed assets | 22/27 | €127,476 | €113,435 | -€14,040 | -11.0% |
| Plant, machinery and equipment | 23 | - | €4,836 | +€4,836 | |
| Furniture and vehicles | 24 | €4,270 | €2,162 | -€2,108 | -49.4% |
| Other tangible fixed assets | 26 | €123,206 | €106,438 | -€16,768 | -13.6% |
| Current assets | 29/58 | €329,201 | €367,397 | +€38,196 | +11.6% |
| Amounts receivable within one year | 40/41 | €30,114 | €17,994 | -€12,120 | -40.2% |
| Trade receivables | 40 | €25,329 | €12,402 | -€12,926 | -51.0% |
| Other amounts receivable | 41 | €4,786 | €5,592 | +€806 | +16.8% |
| Current investments | 50/53 | €210,000 | €210,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,087 | €139,402 | +€50,316 | +56.5% |
| Total equity and liabilities | 10/49 | €456,677 | €480,832 | +€24,155 | +5.3% |
| Equity | 10/15 | €201,006 | €233,522 | +€32,516 | +16.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €108,517 | €139,517 | +€31,000 | +28.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,757 | €10,757 | = | 0.0% |
| Distributable reserves | 133 | €95,900 | €126,900 | +€31,000 | +32.3% |
| Profit (loss) carried forward | 14 | €73,897 | €75,413 | +€1,516 | +2.1% |
| Amounts payable | 17/49 | €255,671 | €247,310 | -€8,360 | -3.3% |
| Amounts payable within one year | 42/48 | €255,671 | €247,310 | -€8,360 | -3.3% |
| Trade debts | 44 | €3,946 | €7,471 | +€3,525 | +89.3% |
| Suppliers | 440/4 | €3,946 | €7,471 | +€3,525 | +89.3% |
| Taxes, remuneration and social security | 45 | €18,189 | €16,693 | -€1,496 | -8.2% |
| Taxes | 450/3 | €18,189 | €16,693 | -€1,496 | -8.2% |
| Other amounts payable | 47/48 | €233,536 | €223,147 | -€10,389 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,130 | €41,008 | +€1,878 | +4.8% |
| Other operating charges | 640/8 | €593 | €400 | -€193 | -32.6% |
| Gross operating margin | 9900 | €64,520 | €89,302 | +€24,782 | +38.4% |
| Operating profit (loss) | 9901 | €24,797 | €47,894 | +€23,098 | +93.1% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €245 | €249 | +€4 | +1.5% |
| Recurring financial charges | 65 | €245 | €249 | +€4 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €24,570 | €47,646 | +€23,076 | +93.9% |
| Income taxes | 67/77 | €7,836 | €15,130 | +€7,295 | +93.1% |
| Profit (loss) for the period | 9904 | €16,734 | €32,516 | +€15,781 | +94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,734 | €32,516 | +€15,781 | +94.3% |
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 15 October 2026 via checked.be.