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 -€3,060
down €3,060 (-100%), from €3,060 to €0
- Cash -€1,066
down €1,066 (-100%), from €1,066 to €0
mainly Other debts (-€15,469) and Accrued charges and deferred income (-€1,500)
- Deferred charges and accrued income -€916
down €916 (-100%), from €916 to €0
- Other debts -€15,469
down €15,469 (-15.2%), from €101,660 to €86,191
- Profit (loss) carried forward +€9,098
up €9,098 (+6.6%), from -€138,042 to -€128,944
- Trade debts +€3,337
up €3,337 (+543%), from €615 to €3,952
- Accrued charges and deferred income -€1,500
down €1,500 (-100%), from €1,500 to €0
- Tax, wage and social debts -€510
down €510 (-62.9%), from €811 to €301
- Gross operating margin +€12,002
up €12,002, from -€2,716 to €9,286
- Depreciation -€5,867
down €5,867 (-100%), from €5,867 to €0
- Other operating charges -€1,858
down €1,858 (-100%), from €1,858 to €0
- Taxes -€251
down €251 (-91.0%), from €276 to €25
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 | €5,043 | €0 | -€5,043 | -100% |
| Fixed assets | 21/28 | €3,060 | €0 | -€3,060 | -100% |
| Tangible fixed assets | 22/27 | €3,060 | €0 | -€3,060 | -100% |
| Furniture and vehicles | 24 | €3,060 | €0 | -€3,060 | -100% |
| Current assets | 29/58 | €1,983 | €0 | -€1,983 | -100% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,066 | €0 | -€1,066 | -100% |
| Deferred charges and accrued income | 490/1 | €916 | €0 | -€916 | -100% |
| Total equity and liabilities | 10/49 | €5,043 | €0 | -€5,043 | -100% |
| Equity | 10/15 | -€99,542 | -€90,444 | +€9,098 | +9.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €13,500 | €13,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,042 | -€128,944 | +€9,098 | +6.6% |
| Amounts payable | 17/49 | €104,585 | €90,444 | -€14,141 | -13.5% |
| Amounts payable within one year | 42/48 | €103,085 | €90,444 | -€12,641 | -12.3% |
| Trade debts | 44 | €615 | €3,952 | +€3,337 | +543% |
| Suppliers | 440/4 | €615 | €3,952 | +€3,337 | +543% |
| Taxes, remuneration and social security | 45 | €811 | €301 | -€510 | -62.9% |
| Taxes | 450/3 | €811 | €301 | -€510 | -62.9% |
| Other amounts payable | 47/48 | €101,660 | €86,191 | -€15,469 | -15.2% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Non-recurring operating income | 76A | - | €11,440 | +€11,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,867 | €0 | -€5,867 | -100% |
| Other operating charges | 640/8 | €1,858 | €0 | -€1,858 | -100% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,716 | €9,286 | +€12,002 | |
| Operating profit (loss) | 9901 | -€10,441 | €9,286 | +€19,727 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €225 | €163 | -€62 | -27.7% |
| Recurring financial charges | 65 | €225 | €163 | -€62 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,666 | €9,123 | +€19,789 | |
| Income taxes | 67/77 | €276 | €25 | -€251 | -91.0% |
| Profit (loss) for the period | 9904 | -€10,942 | €9,098 | +€20,040 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,942 | €9,098 | +€20,040 |
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 21 October 2026 via checked.be.