TALBOT HOUSE: 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.
TALBOT HOUSE
Largest movements
- Cash +€72,853
up €72,853 (+148%), from €49,062 to €121,916
mainly Depreciation (+€88,371) and Current investments (+€50,000)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Intangible fixed assets -€23,914
down €23,914 (-42.5%), from €56,231 to €32,317
- Deferred charges and accrued income +€17,832
new in 2025: €17,832
- Receivables within one year -€9,029
down €9,029 (-27.9%), from €32,361 to €23,333
of which Trade receivables: -€8,822
- Accrued charges and deferred income +€36,244
up €36,244 (+85.8%), from €42,259 to €78,503
- Debts within one year -€19,234
down €19,234 (-15.3%), from €125,763 to €106,529
- Debts after one year -€18,607
down €18,607 (-27.6%), from €67,407 to €48,800
of which Financial debts: -€34,040
- Profit (loss) carried forward +€13,044
up €13,044 (+4.3%), from €305,107 to €318,151
- Investment grants -€9,765
down €9,765 (-14.0%), from €69,929 to €60,164
- Gross operating margin +€66,979
up €66,979 (+14.8%), from €451,409 to €518,387
- Financial income -€55,094
down €55,094 (-77.0%), from €71,571 to €16,477
of which Non-recurring financial income: -€52,500
- Staff costs -€18,533
down €18,533 (-4.2%), from €436,861 to €418,328
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 | €737,788 | €739,470 | +€1,682 | +0.2% |
| Fixed assets | 21/28 | €549,185 | €522,682 | -€26,503 | -4.8% |
| Intangible fixed assets | 21 | €56,231 | €32,317 | -€23,914 | -42.5% |
| Tangible fixed assets | 22/27 | €492,954 | €490,365 | -€2,588 | -0.5% |
| Land and buildings | 22 | €459,545 | €435,225 | -€24,320 | -5.3% |
| Plant, machinery and equipment | 23 | €6,780 | €7,845 | +€1,064 | +15.7% |
| Furniture and vehicles | 24 | €25,143 | €25,378 | +€235 | +0.9% |
| Other tangible fixed assets | 26 | €1,485 | €21,918 | +€20,433 | +1,376% |
| Current assets | 29/58 | €188,603 | €216,788 | +€28,185 | +14.9% |
| Stocks and contracts in progress | 3 | €57,180 | €53,708 | -€3,472 | -6.1% |
| Stocks | 30/36 | €57,180 | €53,708 | -€3,472 | -6.1% |
| Amounts receivable within one year | 40/41 | €32,361 | €23,333 | -€9,029 | -27.9% |
| Trade receivables | 40 | €26,743 | €17,921 | -€8,822 | -33.0% |
| Other amounts receivable | 41 | €5,618 | €5,412 | -€206 | -3.7% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €49,062 | €121,916 | +€72,853 | +148% |
| Deferred charges and accrued income | 490/1 | - | €17,832 | +€17,832 | |
| Total equity and liabilities | 10/49 | €737,788 | €739,470 | +€1,682 | +0.2% |
| Equity | 10/15 | €484,359 | €487,639 | +€3,279 | +0.7% |
| Contributions | 10/11 | €108,800 | €108,800 | = | 0.0% |
| Capital | 10 | €108,800 | €108,800 | = | 0.0% |
| Reserves | 13 | €523 | €523 | = | 0.0% |
| Profit (loss) carried forward | 14 | €305,107 | €318,151 | +€13,044 | +4.3% |
| Investment grants | 15 | €69,929 | €60,164 | -€9,765 | -14.0% |
| Provisions and deferred taxes | 16 | €18,000 | €18,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,000 | €18,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable | 17/49 | €235,429 | €233,832 | -€1,597 | -0.7% |
| Amounts payable after more than one year | 17 | €67,407 | €48,800 | -€18,607 | -27.6% |
| Financial debts | 170/4 | €67,407 | €33,367 | -€34,040 | -50.5% |
| Other amounts payable | 178/9 | - | €15,433 | +€15,433 | |
| Amounts payable within one year | 42/48 | €125,763 | €106,529 | -€19,234 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €40,540 | €34,037 | -€6,504 | -16.0% |
| Trade debts | 44 | €18,365 | €13,010 | -€5,355 | -29.2% |
| Suppliers | 440/4 | €18,365 | €13,010 | -€5,355 | -29.2% |
| Taxes, remuneration and social security | 45 | €66,858 | €58,612 | -€8,246 | -12.3% |
| Taxes | 450/3 | €12,367 | €7,914 | -€4,452 | -36.0% |
| Remuneration and social security | 454/9 | €54,491 | €50,697 | -€3,794 | -7.0% |
| Accrued charges and deferred income | 492/3 | €42,259 | €78,503 | +€36,244 | +85.8% |
| Remuneration, social security and pensions | 62 | €436,861 | €418,328 | -€18,533 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,273 | €88,371 | -€2,901 | -3.2% |
| Other operating charges | 640/8 | €9,660 | €7,316 | -€2,344 | -24.3% |
| Non-recurring operating charges | 66A | €38,280 | - | -€38,280 | |
| Gross operating margin | 9900 | €451,409 | €518,387 | +€66,979 | +14.8% |
| Operating profit (loss) | 9901 | -€124,665 | €4,373 | +€129,038 | |
| Financial income | 75/76B | €71,571 | €16,477 | -€55,094 | -77.0% |
| Recurring financial income | 75 | €19,071 | €16,477 | -€2,594 | -13.6% |
| Non-recurring financial income | 76B | €52,500 | - | -€52,500 | |
| Financial charges | 65/66B | €7,580 | €7,805 | +€225 | +3.0% |
| Recurring financial charges | 65 | €7,580 | €7,805 | +€225 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€60,674 | €13,044 | +€73,718 | |
| Profit (loss) for the period | 9904 | -€60,674 | €13,044 | +€73,718 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,674 | €13,044 | +€73,718 |
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.