Focus on 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.
Focus on Talent
Largest movements
- Cash -€241,683
down €241,683 (-70.6%), from €342,140 to €100,457
mainly Receivables within one year (-€160,594) and Current investments (-€118,570)
- Receivables within one year +€160,594
up €160,594 (+95.4%), from €168,339 to €328,933
of which Trade receivables: +€188,581
- Current investments +€118,570
up €118,570 (+32.3%), from €367,433 to €486,004
- Trade debts +€27,117
up €27,117 (+56.6%), from €47,872 to €74,989
- Financial income +€98,257
up €98,257 (+2,685%), from €3,659 to €101,916
- Staff costs +€67,489
up €67,489 (+120%), from €56,327 to €123,816
- Gross operating margin -€19,126
down €19,126 (-9.1%), from €210,360 to €191,234
- Taxes +€9,628
up €9,628 (+21.3%), from €45,245 to €54,873
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 | €894,878 | €935,527 | +€40,649 | +4.5% |
| Fixed assets | 21/28 | €15,276 | €14,264 | -€1,012 | -6.6% |
| Tangible fixed assets | 22/27 | €15,276 | €14,264 | -€1,012 | -6.6% |
| Plant, machinery and equipment | 23 | €800 | €800 | = | 0.0% |
| Furniture and vehicles | 24 | €14,476 | €13,464 | -€1,012 | -7.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €879,603 | €921,263 | +€41,661 | +4.7% |
| Amounts receivable within one year | 40/41 | €168,339 | €328,933 | +€160,594 | +95.4% |
| Trade receivables | 40 | €139,035 | €327,615 | +€188,581 | +136% |
| Other amounts receivable | 41 | €29,304 | €1,318 | -€27,986 | -95.5% |
| Current investments | 50/53 | €367,433 | €486,004 | +€118,570 | +32.3% |
| Cash at bank and in hand | 54/58 | €342,140 | €100,457 | -€241,683 | -70.6% |
| Deferred charges and accrued income | 490/1 | €1,690 | €5,870 | +€4,180 | +247% |
| Total equity and liabilities | 10/49 | €894,878 | €935,527 | +€40,649 | +4.5% |
| Equity | 10/15 | €813,214 | €821,640 | +€8,426 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €807,014 | €815,440 | +€8,426 | +1.0% |
| Distributable reserves | 133 | €807,014 | €815,440 | +€8,426 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,664 | €113,887 | +€32,223 | +39.5% |
| Amounts payable within one year | 42/48 | €81,664 | €113,887 | +€32,223 | +39.5% |
| Trade debts | 44 | €47,872 | €74,989 | +€27,117 | +56.6% |
| Suppliers | 440/4 | €47,872 | €74,989 | +€27,117 | +56.6% |
| Taxes, remuneration and social security | 45 | €33,328 | €38,434 | +€5,106 | +15.3% |
| Taxes | 450/3 | €32,418 | €25,735 | -€6,683 | -20.6% |
| Remuneration and social security | 454/9 | €910 | €12,698 | +€11,788 | +1,296% |
| Other amounts payable | 47/48 | €465 | €465 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €56,327 | €123,816 | +€67,489 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,940 | €1,899 | -€1,041 | -35.4% |
| Other operating charges | 640/8 | €960 | €457 | -€503 | -52.4% |
| Gross operating margin | 9900 | €210,360 | €191,234 | -€19,126 | -9.1% |
| Operating profit (loss) | 9901 | €150,133 | €65,061 | -€85,071 | -56.7% |
| Financial income | 75/76B | €3,659 | €101,916 | +€98,257 | +2,685% |
| Recurring financial income | 75 | €3,659 | €101,916 | +€98,257 | +2,685% |
| Financial charges | 65/66B | €69 | €285 | +€216 | +313% |
| Recurring financial charges | 65 | €69 | €285 | +€216 | +313% |
| Profit (loss) for the period before taxes | 9903 | €153,723 | €166,693 | +€12,970 | +8.4% |
| Income taxes | 67/77 | €45,245 | €54,873 | +€9,628 | +21.3% |
| Profit (loss) for the period | 9904 | €108,478 | €111,820 | +€3,342 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,478 | €111,820 | +€3,342 | +3.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.