Tal Hasson: 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.
Tal Hasson
Largest movements
- Cash -€75,870
down €75,870 (-45.7%), from €166,011 to €90,141
mainly Contributions, distributions and other (-€171,548) and Tax, wage and social debts (-€10,141)
- Profit (loss) carried forward -€120,519
no longer reported in 2025 (was €120,519)
- Other debts +€52,552
up €52,552 (+2,182%), from €2,408 to €54,960
- Tax, wage and social debts -€10,141
down €10,141 (-22.1%), from €45,952 to €35,811
- Gross operating margin -€5,584
down €5,584 (-7.3%), from €76,089 to €70,504
- Taxes -€895
down €895 (-6.0%), from €14,910 to €14,016
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 | €171,394 | €94,522 | -€76,873 | -44.9% |
| Fixed assets | 21/28 | €5,188 | €4,380 | -€808 | -15.6% |
| Tangible fixed assets | 22/27 | €5,188 | €4,380 | -€808 | -15.6% |
| Furniture and vehicles | 24 | €2,302 | €1,812 | -€490 | -21.3% |
| Other tangible fixed assets | 26 | €2,886 | €2,569 | -€318 | -11.0% |
| Current assets | 29/58 | €166,207 | €90,141 | -€76,065 | -45.8% |
| Amounts receivable within one year | 40/41 | €195 | - | -€195 | |
| Trade receivables | 40 | €195 | - | -€195 | |
| Cash at bank and in hand | 54/58 | €166,011 | €90,141 | -€75,870 | -45.7% |
| Total equity and liabilities | 10/49 | €171,394 | €94,522 | -€76,873 | -44.9% |
| Equity | 10/15 | €122,519 | €2,000 | -€120,519 | -98.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,519 | - | -€120,519 | |
| Amounts payable | 17/49 | €48,876 | €92,522 | +€43,646 | +89.3% |
| Amounts payable within one year | 42/48 | €48,876 | €92,522 | +€43,646 | +89.3% |
| Financial debts | 43 | - | €1,200 | +€1,200 | |
| Credit institutions | 430/8 | - | €1,200 | +€1,200 | |
| Trade debts | 44 | €515 | €550 | +€35 | +6.8% |
| Suppliers | 440/4 | €515 | €550 | +€35 | +6.8% |
| Taxes, remuneration and social security | 45 | €45,952 | €35,811 | -€10,141 | -22.1% |
| Taxes | 450/3 | €45,952 | €35,811 | -€10,141 | -22.1% |
| Other amounts payable | 47/48 | €2,408 | €54,960 | +€52,552 | +2,182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,144 | €1,640 | +€496 | +43.3% |
| Other operating charges | 640/8 | €871 | €899 | +€29 | +3.3% |
| Gross operating margin | 9900 | €76,089 | €70,504 | -€5,584 | -7.3% |
| Operating profit (loss) | 9901 | €74,074 | €67,966 | -€6,108 | -8.2% |
| Financial income | 75/76B | €151 | €0 | -€151 | -99.9% |
| Recurring financial income | 75 | €151 | €0 | -€151 | -99.9% |
| Financial charges | 65/66B | €3,481 | €2,921 | -€560 | -16.1% |
| Recurring financial charges | 65 | €3,481 | €2,921 | -€560 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €70,744 | €65,045 | -€5,699 | -8.1% |
| Income taxes | 67/77 | €14,910 | €14,016 | -€895 | -6.0% |
| Profit (loss) for the period | 9904 | €55,833 | €51,029 | -€4,805 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,833 | €51,029 | -€4,805 | -8.6% |
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 23 October 2026 via checked.be.