Talbo: 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.
Talbo
Largest movements
- Cash -€365,714
down €365,714 (-79.7%), from €458,872 to €93,158
mainly Investment in fixed assets (net) (-€414,279) and Other debts (-€28,825)
- Tangible fixed assets +€343,421
up €343,421 (+13.6%), from €2.5m to €2.9m
of which Land and buildings: +€356,485
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€22,566
up €22,566 (+39.0%), from €57,806 to €80,372
- Depreciation +€6,078
up €6,078 (+9.4%), from €64,780 to €70,858
- Financial income -€5,066
down €5,066 (-42.3%), from €11,983 to €6,917
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 | €3,483,656 | €3,459,069 | -€24,587 | -0.7% |
| Fixed assets | 21/28 | €2,518,659 | €2,862,080 | +€343,421 | +13.6% |
| Tangible fixed assets | 22/27 | €2,518,659 | €2,862,080 | +€343,421 | +13.6% |
| Land and buildings | 22 | €2,290,505 | €2,646,989 | +€356,485 | +15.6% |
| Other tangible fixed assets | 26 | €228,154 | €215,090 | -€13,064 | -5.7% |
| Current assets | 29/58 | €964,997 | €596,989 | -€368,008 | -38.1% |
| Amounts receivable within one year | 40/41 | €3,478 | €2,068 | -€1,410 | -40.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,478 | €2,068 | -€1,410 | -40.5% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €458,872 | €93,158 | -€365,714 | -79.7% |
| Deferred charges and accrued income | 490/1 | €2,647 | €1,763 | -€884 | -33.4% |
| Total equity and liabilities | 10/49 | €3,483,656 | €3,459,069 | -€24,587 | -0.7% |
| Equity | 10/15 | €1,318,579 | €1,326,021 | +€7,441 | +0.6% |
| Contributions | 10/11 | €1,386,615 | €1,386,615 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,036 | -€60,594 | +€7,441 | +10.9% |
| Amounts payable | 17/49 | €2,165,077 | €2,133,048 | -€32,029 | -1.5% |
| Amounts payable within one year | 42/48 | €2,165,077 | €2,133,048 | -€32,029 | -1.5% |
| Trade debts | 44 | €3,422 | €218 | -€3,204 | -93.6% |
| Suppliers | 440/4 | €3,422 | €218 | -€3,204 | -93.6% |
| Other amounts payable | 47/48 | €2,161,655 | €2,132,830 | -€28,825 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,780 | €70,858 | +€6,078 | +9.4% |
| Other operating charges | 640/8 | €8,835 | €8,966 | +€131 | +1.5% |
| Gross operating margin | 9900 | €57,806 | €80,372 | +€22,566 | +39.0% |
| Operating profit (loss) | 9901 | -€15,809 | €547 | +€16,356 | |
| Financial income | 75/76B | €11,983 | €6,917 | -€5,066 | -42.3% |
| Recurring financial income | 75 | €11,983 | €6,917 | -€5,066 | -42.3% |
| Financial charges | 65/66B | €48 | €23 | -€25 | -52.9% |
| Recurring financial charges | 65 | €48 | €23 | -€25 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,874 | €7,441 | +€11,315 | |
| Profit (loss) for the period | 9904 | -€3,874 | €7,441 | +€11,315 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,874 | €7,441 | +€11,315 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.