E-TALENT: 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.
E-TALENT
Largest movements
- Financial fixed assets -€390,609
down €390,609 (-13.7%), from €2.9m to €2.5m
- Receivables within one year -€180,725
down €180,725 (-22.3%), from €810,683 to €629,957
of which Trade receivables: -€195,826
- Cash -€42,591
down €42,591 (-62.1%), from €68,554 to €25,963
mainly Accrued charges and deferred income (-€473,894) and Other debts (-€105,141)
- Accrued charges and deferred income -€473,894
down €473,894 (-94.7%), from €500,420 to €26,526
- Other debts -€105,141
down €105,141 (-65.4%), from €160,678 to €55,537
- Profit (loss) carried forward +€59,208
up €59,208 (+2.0%), from €2.9m to €3.0m
- Trade debts -€47,412
down €47,412 (-28.6%), from €165,725 to €118,313
- Financial income -€16.7m
down €16.7m (-99.5%), from €16.8m to €83,340
- Gross operating margin -€294,178
down €294,178 (-88.0%), from €334,452 to €40,274
- Financial charges -€207,035
down €207,035 (-98.9%), from €209,307 to €2,271
- Taxes +€18,234
up €18,234 (+5,675%), from €321 to €18,556
- Other operating charges +€10,949
up €10,949 (+1,057%), from €1,036 to €11,986
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 | €3,835,303 | €3,255,065 | -€580,239 | -15.1% |
| Fixed assets | 21/28 | €2,937,112 | €2,578,453 | -€358,659 | -12.2% |
| Intangible fixed assets | 21 | €9,483 | €3,387 | -€6,096 | -64.3% |
| Tangible fixed assets | 22/27 | €74,039 | €112,085 | +€38,046 | +51.4% |
| Land and buildings | 22 | €3,135 | €2,760 | -€375 | -12.0% |
| Plant, machinery and equipment | 23 | €33,711 | €29,306 | -€4,405 | -13.1% |
| Furniture and vehicles | 24 | €37,194 | €80,020 | +€42,826 | +115% |
| Financial fixed assets | 28 | €2,853,590 | €2,462,981 | -€390,609 | -13.7% |
| Current assets | 29/58 | €898,192 | €676,612 | -€221,580 | -24.7% |
| Amounts receivable within one year | 40/41 | €810,683 | €629,957 | -€180,725 | -22.3% |
| Trade receivables | 40 | €473,766 | €277,939 | -€195,826 | -41.3% |
| Other amounts receivable | 41 | €336,917 | €352,018 | +€15,101 | +4.5% |
| Current investments | 50/53 | €16,752 | €16,752 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,554 | €25,963 | -€42,591 | -62.1% |
| Deferred charges and accrued income | 490/1 | €2,203 | €3,940 | +€1,737 | +78.8% |
| Total equity and liabilities | 10/49 | €3,835,303 | €3,255,065 | -€580,239 | -15.1% |
| Equity | 10/15 | €2,966,777 | €3,025,984 | +€59,208 | +2.0% |
| Contributions | 10/11 | €25,500 | €25,500 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,550 | €2,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,550 | €2,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,450 | €8,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,930,277 | €2,989,484 | +€59,208 | +2.0% |
| Amounts payable | 17/49 | €868,527 | €229,080 | -€639,447 | -73.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €368,107 | €202,554 | -€165,553 | -45.0% |
| Trade debts | 44 | €165,725 | €118,313 | -€47,412 | -28.6% |
| Suppliers | 440/4 | €165,725 | €118,313 | -€47,412 | -28.6% |
| Advances received on contracts in progress | 46 | €19,890 | €0 | -€19,890 | -100% |
| Taxes, remuneration and social security | 45 | €21,814 | €28,705 | +€6,891 | +31.6% |
| Taxes | 450/3 | €21,814 | €28,705 | +€6,891 | +31.6% |
| Other amounts payable | 47/48 | €160,678 | €55,537 | -€105,141 | -65.4% |
| Accrued charges and deferred income | 492/3 | €500,420 | €26,526 | -€473,894 | -94.7% |
| Non-recurring operating income | 76A | €13,855 | €0 | -€13,855 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,332 | €31,594 | +€262 | +0.8% |
| Other operating charges | 640/8 | €1,036 | €11,986 | +€10,949 | +1,057% |
| Gross operating margin | 9900 | €334,452 | €40,274 | -€294,178 | -88.0% |
| Operating profit (loss) | 9901 | €302,084 | -€3,305 | -€305,389 | |
| Financial income | 75/76B | €16,785,493 | €83,340 | -€16.7m | -99.5% |
| Recurring financial income | 75 | €16,785,493 | €83,340 | -€16.7m | -99.5% |
| Financial charges | 65/66B | €209,307 | €2,271 | -€207,035 | -98.9% |
| Recurring financial charges | 65 | €209,307 | €2,271 | -€207,035 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €16,878,270 | €77,764 | -€16.8m | -99.5% |
| Income taxes | 67/77 | €321 | €18,556 | +€18,234 | +5,675% |
| Profit (loss) for the period | 9904 | €16,877,949 | €59,208 | -€16.8m | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,877,949 | €59,208 | -€16.8m | -99.6% |
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 19 October 2026 via checked.be.