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 -€269,316
down €269,316 (-95.3%), from €282,594 to €13,278
mainly Other debts (-€394,641) and Tax, wage and social debts (-€77,571)
- Stocks and contracts -€190,720
down €190,720 (-41.7%), from €457,869 to €267,149
- Tangible fixed assets -€12,270
down €12,270 (-51.0%), from €24,048 to €11,778
of which Furniture and vehicles: -€13,026
- Other debts -€394,641
down €394,641 (-62.4%), from €632,439 to €237,797
- Tax, wage and social debts -€77,571
down €77,571 (-96.5%), from €80,344 to €2,773
of which Taxes: -€78,986
- Gross operating margin -€10,278
down €10,278 (-45.1%), from €22,767 to €12,489
- Depreciation +€4,284
up €4,284 (+43.6%), from €9,836 to €14,120
- Taxes -€1,253
down €1,253 (-95.4%), from €1,313 to €60
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 | €790,513 | €315,668 | -€474,845 | -60.1% |
| Fixed assets | 21/28 | €27,048 | €11,778 | -€15,270 | -56.5% |
| Tangible fixed assets | 22/27 | €24,048 | €11,778 | -€12,270 | -51.0% |
| Land and buildings | 22 | €1,719 | €1,146 | -€573 | -33.3% |
| Plant, machinery and equipment | 23 | €1,038 | €2,367 | +€1,329 | +128% |
| Furniture and vehicles | 24 | €21,291 | €8,265 | -€13,026 | -61.2% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €763,466 | €303,890 | -€459,575 | -60.2% |
| Stocks and contracts in progress | 3 | €457,869 | €267,149 | -€190,720 | -41.7% |
| Stocks | 30/36 | €457,869 | €267,149 | -€190,720 | -41.7% |
| Amounts receivable within one year | 40/41 | €18,239 | €19,691 | +€1,452 | +8.0% |
| Trade receivables | 40 | €8,488 | - | -€8,488 | |
| Other amounts receivable | 41 | €9,751 | €19,691 | +€9,940 | +102% |
| Cash at bank and in hand | 54/58 | €282,594 | €13,278 | -€269,316 | -95.3% |
| Deferred charges and accrued income | 490/1 | €4,763 | €3,772 | -€992 | -20.8% |
| Total equity and liabilities | 10/49 | €790,513 | €315,668 | -€474,845 | -60.1% |
| Equity | 10/15 | €76,512 | €73,817 | -€2,695 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,099 | €27,099 | = | 0.0% |
| Distributable reserves | 133 | €27,099 | €27,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,813 | €28,118 | -€2,695 | -8.7% |
| Amounts payable | 17/49 | €714,001 | €241,851 | -€472,150 | -66.1% |
| Amounts payable within one year | 42/48 | €714,001 | €241,851 | -€472,150 | -66.1% |
| Trade debts | 44 | €1,218 | €1,280 | +€62 | +5.1% |
| Suppliers | 440/4 | €1,218 | €1,280 | +€62 | +5.1% |
| Taxes, remuneration and social security | 45 | €80,344 | €2,773 | -€77,571 | -96.5% |
| Taxes | 450/3 | €80,344 | €1,358 | -€78,986 | -98.3% |
| Remuneration and social security | 454/9 | - | €1,415 | +€1,415 | |
| Other amounts payable | 47/48 | €632,439 | €237,797 | -€394,641 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,836 | €14,120 | +€4,284 | +43.6% |
| Other operating charges | 640/8 | €961 | €987 | +€26 | +2.7% |
| Gross operating margin | 9900 | €22,767 | €12,489 | -€10,278 | -45.1% |
| Operating profit (loss) | 9901 | €11,970 | -€2,618 | -€14,588 | |
| Financial income | 75/76B | €30 | €32 | +€2 | +6.4% |
| Recurring financial income | 75 | €30 | €32 | +€2 | +6.4% |
| Financial charges | 65/66B | €47 | €49 | +€3 | +5.6% |
| Recurring financial charges | 65 | €47 | €49 | +€3 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €11,953 | -€2,635 | -€14,588 | |
| Income taxes | 67/77 | €1,313 | €60 | -€1,253 | -95.4% |
| Profit (loss) for the period | 9904 | €10,640 | -€2,695 | -€13,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,640 | -€2,695 | -€13,336 |
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 22 October 2026 via checked.be.