Turtle Service: what changed
What changed
Turtle Service
filed annual accounts (NBB)
Net result for the year
-€290
2025 · €456-€747
Equity
-€32,585
2025 · -€32,294-€290
Cash
€95
2025 · €119-€24
Balance sheet total
€95
2025 · €119-€24
Largest movements
Assets
- Cash -€24
down €24 (-19.9%), from €119 to €95
mainly Net result for the year (-€290) and Other debts (-€133)
Equity and liabilities
- Trade debts +€400
new in 2026: €400
- Profit (loss) carried forward -€290
down €290 (-0.8%), from -€38,494 to -€38,785
- Other debts -€133
down €133 (-0.4%), from €32,413 to €32,280
Income statement
- Gross operating margin -€741
down €741, from €661 to -€79
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€456
Gross operating margin
-€741
Other operating charges
-€2
Financial charges
-€4
Result 2026
-€290
lowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€24
Investment
€0
Financing
€0
Cash 2025
€119
From operations (derived)
-€24
Net result for the year
-€290
Trade debts
+€400
Other debts
-€133
Cash 2026
€95
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119 | €95 | -€24 | -19.9% |
| Current assets | 29/58 | €119 | €95 | -€24 | -19.9% |
| Cash at bank and in hand | 54/58 | €119 | €95 | -€24 | -19.9% |
| Total equity and liabilities | 10/49 | €119 | €95 | -€24 | -19.9% |
| Equity | 10/15 | -€32,294 | -€32,585 | -€290 | -0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,494 | -€38,785 | -€290 | -0.8% |
| Amounts payable | 17/49 | €32,413 | €32,680 | +€267 | +0.8% |
| Amounts payable within one year | 42/48 | €32,413 | €32,680 | +€267 | +0.8% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €32,413 | €32,280 | -€133 | -0.4% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €661 | -€79 | -€741 | |
| Operating profit (loss) | 9901 | €535 | -€207 | -€743 | |
| Financial charges | 65/66B | €79 | €83 | +€4 | +5.0% |
| Recurring financial charges | 65 | €79 | €83 | +€4 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €456 | -€290 | -€747 | |
| Profit (loss) for the period | 9904 | €456 | -€290 | -€747 | |
| Profit (loss) for the period to be appropriated | 9905 | €456 | -€290 | -€747 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.