TALAS: 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.
TALAS
Largest movements
- Receivables within one year -€61,330
down €61,330 (-16.8%), from €365,792 to €304,463
of which Trade receivables: -€66,291
- Cash +€55,799
up €55,799 (+136.6%), from €40,846 to €96,645
mainly Receivables within one year (+€61,330) and Net result for the year (+€16,131)
- Tangible fixed assets -€12,808
down €12,808 (-69.4%), from €18,450 to €5,642
- Trade debts -€25,921
down €25,921 (-27.8%), from €93,321 to €67,399
- Reserves +€16,131
up €16,131 (+32.3%), from €49,899 to €66,030
of which Distributable reserves: +€16,131
- Accrued charges and deferred income -€6,720
down €6,720 (-100.0%), from €6,720 to €0
- Tax, wage and social debts -€6,520
down €6,520 (-17.6%), from €37,042 to €30,521
of which Taxes: -€10,666
- Gross operating margin -€29,762
down €29,762 (-19.3%), from €154,060 to €124,298
- Financial income +€6,181
up €6,181 (+717.9%), from €861 to €7,041
- Financial charges -€5,467
down €5,467 (-25.4%), from €21,562 to €16,095
- Taxes -€3,836
down €3,836 (-27.9%), from €13,773 to €9,936
- Staff costs +€2,659
up €2,659 (+3.7%), from €72,269 to €74,927
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 | €574,595 | €551,696 | -€22,899 | -4.0% |
| Fixed assets | 21/28 | €18,558 | €5,750 | -€12,808 | -69.0% |
| Tangible fixed assets | 22/27 | €18,450 | €5,642 | -€12,808 | -69.4% |
| Furniture and vehicles | 24 | €18,450 | €5,642 | -€12,808 | -69.4% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €556,037 | €545,946 | -€10,091 | -1.8% |
| Stocks and contracts in progress | 3 | €106,820 | €102,260 | -€4,560 | -4.3% |
| Stocks | 30/36 | €106,820 | €102,260 | -€4,560 | -4.3% |
| Amounts receivable within one year | 40/41 | €365,792 | €304,463 | -€61,330 | -16.8% |
| Trade receivables | 40 | €178,792 | €112,501 | -€66,291 | -37.1% |
| Other amounts receivable | 41 | €187,000 | €191,961 | +€4,961 | +2.7% |
| Current investments | 50/53 | €42,579 | €42,579 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,846 | €96,645 | +€55,799 | +136.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €574,595 | €551,696 | -€22,899 | -4.0% |
| Equity | 10/15 | €163,007 | €179,138 | +€16,131 | +9.9% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €49,899 | €66,030 | +€16,131 | +32.3% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €35,025 | €51,156 | +€16,131 | +46.1% |
| Profit (loss) carried forward | 14 | €111,908 | €111,908 | = | 0.0% |
| Amounts payable | 17/49 | €411,588 | €372,558 | -€39,030 | -9.5% |
| Amounts payable within one year | 42/48 | €404,868 | €372,558 | -€32,310 | -8.0% |
| Financial debts | 43 | €260,000 | €260,000 | = | 0.0% |
| Credit institutions | 430/8 | €260,000 | €260,000 | = | 0.0% |
| Trade debts | 44 | €93,321 | €67,399 | -€25,921 | -27.8% |
| Suppliers | 440/4 | €93,321 | €67,399 | -€25,921 | -27.8% |
| Taxes, remuneration and social security | 45 | €37,042 | €30,521 | -€6,520 | -17.6% |
| Taxes | 450/3 | €23,062 | €12,396 | -€10,666 | -46.2% |
| Remuneration and social security | 454/9 | €13,980 | €18,125 | +€4,146 | +29.7% |
| Other amounts payable | 47/48 | €14,506 | €14,638 | +€132 | +0.9% |
| Accrued charges and deferred income | 492/3 | €6,720 | €0 | -€6,720 | -100.0% |
| Remuneration, social security and pensions | 62 | €72,269 | €74,927 | +€2,659 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,895 | €12,808 | -€87 | -0.7% |
| Other operating charges | 640/8 | €3,514 | €1,442 | -€2,072 | -59.0% |
| Gross operating margin | 9900 | €154,060 | €124,298 | -€29,762 | -19.3% |
| Operating profit (loss) | 9901 | €65,383 | €35,121 | -€30,262 | -46.3% |
| Financial income | 75/76B | €861 | €7,041 | +€6,181 | +717.9% |
| Recurring financial income | 75 | €861 | €7,041 | +€6,181 | +717.9% |
| Financial charges | 65/66B | €21,562 | €16,095 | -€5,467 | -25.4% |
| Recurring financial charges | 65 | €21,562 | €16,095 | -€5,467 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €44,682 | €26,067 | -€18,615 | -41.7% |
| Income taxes | 67/77 | €13,773 | €9,936 | -€3,836 | -27.9% |
| Profit (loss) for the period | 9904 | €30,910 | €16,131 | -€14,779 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,910 | €16,131 | -€14,779 | -47.8% |
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 4 October 2026 via checked.be.