CG Talon: 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.
CG Talon
Largest movements
- Receivables within one year +€146,742
up €146,742 (+62.6%), from €234,501 to €381,244
of which Other amounts receivable: +€108,811
- Cash -€22,841
down €22,841 (-90.0%), from €25,372 to €2,532
mainly Receivables within one year (-€146,742) and Other debts (-€2,000)
- Trade debts +€68,629
up €68,629 (+340%), from €20,172 to €88,800
- Reserves +€44,216
up €44,216 (+32.8%), from €134,819 to €179,034
- Tax, wage and social debts +€12,375
up €12,375 (+12.3%), from €100,668 to €113,043
- Gross operating margin +€20,177
up €20,177 (+48.5%), from €41,623 to €61,800
- Financial income -€7,917
down €7,917 (-97.9%), from €8,090 to €173
- Taxes +€3,295
up €3,295 (+25.8%), from €12,754 to €16,049
- Other operating charges -€2,150
down €2,150 (-96.0%), from €2,240 to €90
- Financial charges -€1,407
down €1,407 (-79.0%), from €1,780 to €373
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 | €263,026 | €386,245 | +€123,219 | +46.8% |
| Fixed assets | 21/28 | €2,873 | €1,627 | -€1,246 | -43.4% |
| Tangible fixed assets | 22/27 | €2,673 | €1,427 | -€1,246 | -46.6% |
| Furniture and vehicles | 24 | €2,673 | €1,427 | -€1,246 | -46.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €260,153 | €384,618 | +€124,465 | +47.8% |
| Amounts receivable within one year | 40/41 | €234,501 | €381,244 | +€146,742 | +62.6% |
| Trade receivables | 40 | €52,503 | €90,434 | +€37,931 | +72.2% |
| Other amounts receivable | 41 | €181,998 | €290,810 | +€108,811 | +59.8% |
| Cash at bank and in hand | 54/58 | €25,372 | €2,532 | -€22,841 | -90.0% |
| Deferred charges and accrued income | 490/1 | €279 | €843 | +€563 | +202% |
| Total equity and liabilities | 10/49 | €263,026 | €386,245 | +€123,219 | +46.8% |
| Equity | 10/15 | €138,819 | €183,034 | +€44,216 | +31.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €134,819 | €179,034 | +€44,216 | +32.8% |
| Distributable reserves | 133 | €134,819 | €179,034 | +€44,216 | +32.8% |
| Amounts payable | 17/49 | €124,208 | €203,211 | +€79,003 | +63.6% |
| Amounts payable within one year | 42/48 | €124,208 | €203,211 | +€79,003 | +63.6% |
| Trade debts | 44 | €20,172 | €88,800 | +€68,629 | +340% |
| Suppliers | 440/4 | €20,172 | €88,800 | +€68,629 | +340% |
| Taxes, remuneration and social security | 45 | €100,668 | €113,043 | +€12,375 | +12.3% |
| Taxes | 450/3 | €100,668 | €113,043 | +€12,375 | +12.3% |
| Other amounts payable | 47/48 | €3,368 | €1,368 | -€2,000 | -59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,065 | €1,246 | +€181 | +17.0% |
| Other operating charges | 640/8 | €2,240 | €90 | -€2,150 | -96.0% |
| Gross operating margin | 9900 | €41,623 | €61,800 | +€20,177 | +48.5% |
| Operating profit (loss) | 9901 | €38,318 | €60,464 | +€22,146 | +57.8% |
| Financial income | 75/76B | €8,090 | €173 | -€7,917 | -97.9% |
| Recurring financial income | 75 | €8,090 | €173 | -€7,917 | -97.9% |
| Financial charges | 65/66B | €1,780 | €373 | -€1,407 | -79.0% |
| Recurring financial charges | 65 | €1,780 | €373 | -€1,407 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €44,628 | €60,264 | +€15,636 | +35.0% |
| Income taxes | 67/77 | €12,754 | €16,049 | +€3,295 | +25.8% |
| Profit (loss) for the period | 9904 | €31,875 | €44,216 | +€12,341 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,875 | €44,216 | +€12,341 | +38.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.