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
- Tangible fixed assets +€29,225
new in 2025: €29,225
- Receivables within one year +€5,965
new in 2025: €5,965
- Cash +€1,219
up €1,219 (+38.0%), from €3,208 to €4,427
mainly Debts after one year (+€30,350) and Current portion of long-term debt (+€8,235)
- Debts after one year +€30,350
new in 2025: €30,350
- Current portion of long-term debt +€8,235
new in 2025: €8,235
- Other debts -€3,274
down €3,274 (-8.3%), from €39,405 to €36,131
- Profit (loss) carried forward +€1,869
up €1,869 (+7.0%), from -€26,534 to -€24,665
- Gross operating margin -€5,361
down €5,361 (-44.6%), from €12,015 to €6,655
- Financial charges +€2,097
up €2,097 (+891%), from €235 to €2,333
- Depreciation +€1,342
new in 2025: €1,342
- Financial income +€1,195
up €1,195 (+2,317%), from €52 to €1,246
of which Non-recurring financial income: +€1,162
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 | €35,014 | €71,359 | +€36,345 | +104% |
| Fixed assets | 21/28 | €37 | €29,262 | +€29,225 | +78,603% |
| Tangible fixed assets | 22/27 | - | €29,225 | +€29,225 | |
| Furniture and vehicles | 24 | - | €29,225 | +€29,225 | |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €34,977 | €42,097 | +€7,121 | +20.4% |
| Stocks and contracts in progress | 3 | €31,768 | €31,705 | -€64 | -0.2% |
| Stocks | 30/36 | €31,768 | €31,705 | -€64 | -0.2% |
| Amounts receivable within one year | 40/41 | - | €5,965 | +€5,965 | |
| Other amounts receivable | 41 | - | €5,965 | +€5,965 | |
| Cash at bank and in hand | 54/58 | €3,208 | €4,427 | +€1,219 | +38.0% |
| Total equity and liabilities | 10/49 | €35,014 | €71,359 | +€36,345 | +104% |
| Equity | 10/15 | -€6,074 | -€4,205 | +€1,869 | +30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,534 | -€24,665 | +€1,869 | +7.0% |
| Amounts payable | 17/49 | €41,088 | €75,564 | +€34,476 | +83.9% |
| Amounts payable after more than one year | 17 | - | €30,350 | +€30,350 | |
| Financial debts | 170/4 | - | €30,350 | +€30,350 | |
| Amounts payable within one year | 42/48 | €41,088 | €45,214 | +€4,126 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,235 | +€8,235 | |
| Trade debts | 44 | €619 | €376 | -€243 | -39.3% |
| Suppliers | 440/4 | €619 | €376 | -€243 | -39.3% |
| Taxes, remuneration and social security | 45 | €1,064 | €473 | -€591 | -55.6% |
| Taxes | 450/3 | €1,064 | €473 | -€591 | -55.6% |
| Other amounts payable | 47/48 | €39,405 | €36,131 | -€3,274 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,342 | +€1,342 | |
| Other operating charges | 640/8 | €2,128 | €2,067 | -€61 | -2.9% |
| Gross operating margin | 9900 | €12,015 | €6,655 | -€5,361 | -44.6% |
| Operating profit (loss) | 9901 | €9,888 | €3,246 | -€6,642 | -67.2% |
| Financial income | 75/76B | €52 | €1,246 | +€1,195 | +2,317% |
| Recurring financial income | 75 | €52 | €84 | +€33 | +63.8% |
| Non-recurring financial income | 76B | - | €1,162 | +€1,162 | |
| Financial charges | 65/66B | €235 | €2,333 | +€2,097 | +891% |
| Recurring financial charges | 65 | €235 | €2,333 | +€2,097 | +891% |
| Profit (loss) for the period before taxes | 9903 | €9,704 | €2,159 | -€7,545 | -77.7% |
| Income taxes | 67/77 | €195 | €290 | +€95 | +49.0% |
| Profit (loss) for the period | 9904 | €9,509 | €1,869 | -€7,640 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,509 | €1,869 | -€7,640 | -80.3% |
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.