TALBI SETTOUF: 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.
TALBI SETTOUF
Largest movements
- Tangible fixed assets -€4,793
down €4,793 (-21.5%), from €22,318 to €17,525
of which Leasing and similar rights: -€4,403
- Stocks and contracts -€2,603
down €2,603 (-61.2%), from €4,250 to €1,647
- Cash +€1,500
up €1,500 (+538%), from €279 to €1,779
mainly Depreciation (+€4,793) and Stocks and contracts (+€2,603)
- Debts after one year -€2,884
down €2,884 (-18.6%), from €15,521 to €12,637
- Profit (loss) carried forward -€2,457
down €2,457 (-34.8%), from -€7,063 to -€9,520
- Trade debts -€408
down €408 (-45.4%), from €898 to €490
- Staff costs -€13,578
no longer reported in 2025 (was €13,578)
- Gross operating margin -€6,632
down €6,632 (-53.2%), from €12,476 to €5,844
- Depreciation +€3,925
up €3,925 (+452%), from €868 to €4,793
- Financial charges +€1,416
up €1,416 (+296%), from €479 to €1,895
- Other operating charges -€188
down €188 (-10.4%), from €1,801 to €1,613
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 | €26,847 | €20,951 | -€5,896 | -22.0% |
| Fixed assets | 21/28 | €22,318 | €17,525 | -€4,793 | -21.5% |
| Tangible fixed assets | 22/27 | €22,318 | €17,525 | -€4,793 | -21.5% |
| Plant, machinery and equipment | 23 | €1,062 | €672 | -€390 | -36.7% |
| Leasing and similar rights | 25 | €21,256 | €16,853 | -€4,403 | -20.7% |
| Current assets | 29/58 | €4,529 | €3,426 | -€1,103 | -24.4% |
| Stocks and contracts in progress | 3 | €4,250 | €1,647 | -€2,603 | -61.2% |
| Stocks | 30/36 | €4,250 | €1,647 | -€2,603 | -61.2% |
| Cash at bank and in hand | 54/58 | €279 | €1,779 | +€1,500 | +538% |
| Total equity and liabilities | 10/49 | €26,847 | €20,951 | -€5,896 | -22.0% |
| Equity | 10/15 | -€4,063 | -€6,520 | -€2,457 | -60.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,063 | -€9,520 | -€2,457 | -34.8% |
| Amounts payable | 17/49 | €30,910 | €27,471 | -€3,439 | -11.1% |
| Amounts payable after more than one year | 17 | €15,521 | €12,637 | -€2,884 | -18.6% |
| Financial debts | 170/4 | €15,521 | €12,637 | -€2,884 | -18.6% |
| Amounts payable within one year | 42/48 | €15,389 | €14,834 | -€555 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €2,679 | €2,605 | -€74 | -2.8% |
| Trade debts | 44 | €898 | €490 | -€408 | -45.4% |
| Suppliers | 440/4 | €898 | €490 | -€408 | -45.4% |
| Taxes, remuneration and social security | 45 | €11,812 | €11,739 | -€73 | -0.6% |
| Taxes | 450/3 | €8,314 | €8,683 | +€369 | +4.4% |
| Remuneration and social security | 454/9 | €3,498 | €3,056 | -€442 | -12.6% |
| Remuneration, social security and pensions | 62 | €13,578 | - | -€13,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €868 | €4,793 | +€3,925 | +452% |
| Other operating charges | 640/8 | €1,801 | €1,613 | -€188 | -10.4% |
| Gross operating margin | 9900 | €12,476 | €5,844 | -€6,632 | -53.2% |
| Operating profit (loss) | 9901 | -€3,771 | -€562 | +€3,209 | +85.1% |
| Financial charges | 65/66B | €479 | €1,895 | +€1,416 | +296% |
| Recurring financial charges | 65 | €479 | €1,895 | +€1,416 | +296% |
| Profit (loss) for the period before taxes | 9903 | -€4,250 | -€2,457 | +€1,793 | +42.2% |
| Profit (loss) for the period | 9904 | -€4,250 | -€2,457 | +€1,793 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,250 | -€2,457 | +€1,793 | +42.2% |
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 25 October 2026 via checked.be.