EXECUTIVE TALENT DEVELOPMENT: what changed
Two fiscal 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.
EXECUTIVE TALENT DEVELOPMENT
Largest movements
- Receivables within one year -€82,052
down €82,052 (-72.2%), from €113,682 to €31,629
of which Other amounts receivable: -€91,897
- Cash +€41,817
up €41,817 (+31.2%), from €134,122 to €175,939
mainly Receivables within one year (+€82,052) and Depreciation (+€35,397)
- Tangible fixed assets -€35,397
down €35,397 (-49.8%), from €71,128 to €35,730
- Reserves -€84,658
down €84,658 (-33.1%), from €256,093 to €171,435
of which Distributable reserves: -€84,658
- Other debts +€15,312
up €15,312 (+1017.2%), from €1,505 to €16,817
- Tax, wage and social debts -€5,258
down €5,258 (-28.0%), from €18,786 to €13,527
- Gross operating margin -€70,982
down €70,982 (-47.2%), from €150,542 to €79,560
- Taxes -€21,019
down €21,019 (-52.7%), from €39,850 to €18,831
- Financial income +€5,090
up €5,090 (+310.4%), from €1,640 to €6,730
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.
Cash bridge derived
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 | €324,336 | €250,578 | -€73,757 | -22.7% |
| Fixed assets | 21/28 | €71,128 | €35,730 | -€35,397 | -49.8% |
| Tangible fixed assets | 22/27 | €71,128 | €35,730 | -€35,397 | -49.8% |
| Furniture and vehicles | 24 | €71,128 | €35,730 | -€35,397 | -49.8% |
| Current assets | 29/58 | €253,208 | €214,848 | -€38,360 | -15.1% |
| Amounts receivable within one year | 40/41 | €113,682 | €31,629 | -€82,052 | -72.2% |
| Trade receivables | 40 | €21,785 | €31,629 | +€9,844 | +45.2% |
| Other amounts receivable | 41 | €91,897 | €0 | -€91,897 | -100.0% |
| Cash at bank and in hand | 54/58 | €134,122 | €175,939 | +€41,817 | +31.2% |
| Deferred charges and accrued income | 490/1 | €5,404 | €7,280 | +€1,876 | +34.7% |
| Total equity and liabilities | 10/49 | €324,336 | €250,578 | -€73,757 | -22.7% |
| Equity | 10/15 | €274,693 | €190,035 | -€84,658 | -30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,093 | €171,435 | -€84,658 | -33.1% |
| Tax-exempt reserves | 132 | €25,999 | €25,999 | = | 0.0% |
| Distributable reserves | 133 | €230,094 | €145,436 | -€84,658 | -36.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,643 | €60,543 | +€10,901 | +22.0% |
| Amounts payable within one year | 42/48 | €48,886 | €59,787 | +€10,901 | +22.3% |
| Trade debts | 44 | €28,595 | €29,442 | +€847 | +3.0% |
| Suppliers | 440/4 | €28,595 | €29,442 | +€847 | +3.0% |
| Taxes, remuneration and social security | 45 | €18,786 | €13,527 | -€5,258 | -28.0% |
| Taxes | 450/3 | €18,786 | €13,527 | -€5,258 | -28.0% |
| Other amounts payable | 47/48 | €1,505 | €16,817 | +€15,312 | +1017.2% |
| Accrued charges and deferred income | 492/3 | €756 | €756 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,397 | €35,397 | = | 0.0% |
| Other operating charges | 640/8 | €1,247 | €1,088 | -€158 | -12.7% |
| Gross operating margin | 9900 | €150,542 | €79,560 | -€70,982 | -47.2% |
| Operating profit (loss) | 9901 | €113,898 | €43,074 | -€70,824 | -62.2% |
| Financial income | 75/76B | €1,640 | €6,730 | +€5,090 | +310.4% |
| Recurring financial income | 75 | €1,640 | €6,730 | +€5,090 | +310.4% |
| Financial charges | 65/66B | €220 | €274 | +€55 | +24.8% |
| Recurring financial charges | 65 | €220 | €274 | +€55 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €115,318 | €49,529 | -€65,788 | -57.0% |
| Income taxes | 67/77 | €39,850 | €18,831 | -€21,019 | -52.7% |
| Profit (loss) for the period | 9904 | €75,468 | €30,699 | -€44,770 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,468 | €30,699 | -€44,770 | -59.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.