VAN TURNHOUT: 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.
VAN TURNHOUT
Largest movements
- Cash -€4,136
down €4,136 (-99.9%), from €4,141 to €5
mainly Short-term financial debts (-€7,757) and Tax, wage and social debts (-€4,789)
- Stocks and contracts -€2,194
no longer reported in 2025 (was €2,194)
- Tangible fixed assets -€765
down €765 (-26.0%), from €2,946 to €2,181
- Receivables within one year -€188
down €188 (-3.2%), from €5,894 to €5,706
- Profit (loss) carried forward +€7,912
up €7,912 (+46.2%), from -€17,121 to -€9,209
- Short-term financial debts -€7,757
no longer reported in 2025 (was €7,757)
- Tax, wage and social debts -€4,789
down €4,789 (-82.9%), from €5,775 to €986
of which Remuneration and social security: -€3,690
- Trade debts -€2,649
down €2,649 (-80.1%), from €3,309 to €660
- Gross operating margin -€19,481
down €19,481 (-60.8%), from €32,049 to €12,568
- Staff costs -€12,874
down €12,874 (-74.4%), from €17,298 to €4,424
- Financial income +€1,664
up €1,664 (+210%), from €794 to €2,458
- Other operating charges -€1,565
down €1,565 (-61.4%), from €2,550 to €985
- Taxes -€709
down €709 (-83.7%), from €848 to €138
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 | €15,175 | €7,893 | -€7,283 | -48.0% |
| Fixed assets | 21/28 | €2,946 | €2,181 | -€765 | -26.0% |
| Tangible fixed assets | 22/27 | €2,946 | €2,181 | -€765 | -26.0% |
| Plant, machinery and equipment | 23 | €2,946 | €2,181 | -€765 | -26.0% |
| Current assets | 29/58 | €12,229 | €5,711 | -€6,518 | -53.3% |
| Stocks and contracts in progress | 3 | €2,194 | - | -€2,194 | |
| Stocks | 30/36 | €2,194 | - | -€2,194 | |
| Amounts receivable within one year | 40/41 | €5,894 | €5,706 | -€188 | -3.2% |
| Other amounts receivable | 41 | €5,894 | €5,706 | -€188 | -3.2% |
| Cash at bank and in hand | 54/58 | €4,141 | €5 | -€4,136 | -99.9% |
| Total equity and liabilities | 10/49 | €15,175 | €7,893 | -€7,283 | -48.0% |
| Equity | 10/15 | -€1,666 | €6,247 | +€7,912 | |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €6,779 | €6,779 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €4,920 | €4,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,121 | -€9,209 | +€7,912 | +46.2% |
| Amounts payable | 17/49 | €16,841 | €1,646 | -€15,195 | -90.2% |
| Amounts payable within one year | 42/48 | €16,841 | €1,646 | -€15,195 | -90.2% |
| Financial debts | 43 | €7,757 | - | -€7,757 | |
| Credit institutions | 430/8 | €7,757 | - | -€7,757 | |
| Trade debts | 44 | €3,309 | €660 | -€2,649 | -80.1% |
| Suppliers | 440/4 | €3,309 | €660 | -€2,649 | -80.1% |
| Taxes, remuneration and social security | 45 | €5,775 | €986 | -€4,789 | -82.9% |
| Taxes | 450/3 | €2,085 | €986 | -€1,099 | -52.7% |
| Remuneration and social security | 454/9 | €3,690 | - | -€3,690 | |
| Remuneration, social security and pensions | 62 | €17,298 | €4,424 | -€12,874 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €789 | €765 | -€24 | -3.1% |
| Other operating charges | 640/8 | €2,550 | €985 | -€1,565 | -61.4% |
| Gross operating margin | 9900 | €32,049 | €12,568 | -€19,481 | -60.8% |
| Operating profit (loss) | 9901 | €11,412 | €6,395 | -€5,017 | -44.0% |
| Financial income | 75/76B | €794 | €2,458 | +€1,664 | +210% |
| Recurring financial income | 75 | €794 | €2,458 | +€1,664 | +210% |
| Financial charges | 65/66B | €313 | €802 | +€489 | +156% |
| Recurring financial charges | 65 | €313 | €802 | +€489 | +156% |
| Profit (loss) for the period before taxes | 9903 | €11,893 | €8,050 | -€3,842 | -32.3% |
| Income taxes | 67/77 | €848 | €138 | -€709 | -83.7% |
| Profit (loss) for the period | 9904 | €11,045 | €7,912 | -€3,133 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,045 | €7,912 | -€3,133 | -28.4% |
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 17 October 2026 via checked.be.