TALCO: 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.
TALCO
Largest movements
- Receivables within one year +€134,122
up €134,122 (+62.0%), from €216,299 to €350,421
of which Other amounts receivable: +€127,477
- Cash -€46,265
down €46,265 (-42.1%), from €109,928 to €63,664
mainly Receivables within one year (-€134,122) and Contributions, distributions and other (-€108,193)
- Tangible fixed assets -€6,181
down €6,181 (-72.5%), from €8,520 to €2,339
of which Furniture and vehicles: -€6,112
- Other debts +€108,329
up €108,329 (+8747.3%), from €1,238 to €109,567
- Reserves -€81,227
down €81,227 (-29.4%), from €276,652 to €195,425
of which Distributable reserves: -€81,227
- Profit (loss) carried forward +€33,860
up €33,860, from -€33,860 to €0
- Tax, wage and social debts +€22,124
up €22,124 (+186.6%), from €11,855 to €33,979
- Gross operating margin -€183,725
down €183,725 (-69.9%), from €262,994 to €79,269
- Taxes +€23,194
up €23,194 (+5299.8%), from €438 to €23,632
- Other operating charges -€20,800
down €20,800 (-93.2%), from €22,307 to €1,507
- Financial charges -€6,511
down €6,511 (-91.5%), from €7,115 to €603
of which Financial charges: -€6,731
- Financial income +€6,173
up €6,173 (+80.3%), from €7,689 to €13,862
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 | €342,143 | €424,595 | +€82,452 | +24.1% |
| Fixed assets | 21/28 | €8,520 | €2,339 | -€6,181 | -72.5% |
| Tangible fixed assets | 22/27 | €8,520 | €2,339 | -€6,181 | -72.5% |
| Land and buildings | 22 | €2,408 | €2,339 | -€69 | -2.9% |
| Furniture and vehicles | 24 | €6,112 | €0 | -€6,112 | -100.0% |
| Current assets | 29/58 | €333,623 | €422,256 | +€88,633 | +26.6% |
| Amounts receivable within one year | 40/41 | €216,299 | €350,421 | +€134,122 | +62.0% |
| Trade receivables | 40 | €36,708 | €43,354 | +€6,645 | +18.1% |
| Other amounts receivable | 41 | €179,591 | €307,067 | +€127,477 | +71.0% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,928 | €63,664 | -€46,265 | -42.1% |
| Deferred charges and accrued income | 490/1 | €2,396 | €3,172 | +€776 | +32.4% |
| Total equity and liabilities | 10/49 | €342,143 | €424,595 | +€82,452 | +24.1% |
| Equity | 10/15 | €261,391 | €214,025 | -€47,367 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €276,652 | €195,425 | -€81,227 | -29.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €168,459 | €168,459 | = | 0.0% |
| Distributable reserves | 133 | €108,193 | €26,966 | -€81,227 | -75.1% |
| Profit (loss) carried forward | 14 | -€33,860 | €0 | +€33,860 | |
| Provisions and deferred taxes | 16 | €54,346 | €54,346 | = | 0.0% |
| Deferred taxes | 168 | €54,346 | €54,346 | = | 0.0% |
| Amounts payable | 17/49 | €26,406 | €156,225 | +€129,819 | +491.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €25,681 | €155,478 | +€129,796 | +505.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €903 | €302 | -€600 | -66.5% |
| Credit institutions | 430/8 | €903 | €302 | -€600 | -66.5% |
| Trade debts | 44 | €11,686 | €11,630 | -€56 | -0.5% |
| Suppliers | 440/4 | €11,686 | €11,630 | -€56 | -0.5% |
| Taxes, remuneration and social security | 45 | €11,855 | €33,979 | +€22,124 | +186.6% |
| Taxes | 450/3 | €11,855 | €33,979 | +€22,124 | +186.6% |
| Other amounts payable | 47/48 | €1,238 | €109,567 | +€108,329 | +8747.3% |
| Accrued charges and deferred income | 492/3 | €724 | €747 | +€22 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,934 | €6,181 | -€2,753 | -30.8% |
| Other operating charges | 640/8 | €22,307 | €1,507 | -€20,800 | -93.2% |
| Non-recurring operating charges | 66A | - | €381 | +€381 | |
| Gross operating margin | 9900 | €262,994 | €79,269 | -€183,725 | -69.9% |
| Operating profit (loss) | 9901 | €231,753 | €71,199 | -€160,554 | -69.3% |
| Financial income | 75/76B | €7,689 | €13,862 | +€6,173 | +80.3% |
| Recurring financial income | 75 | €7,689 | €13,862 | +€6,173 | +80.3% |
| Financial charges | 65/66B | €7,115 | €603 | -€6,511 | -91.5% |
| Recurring financial charges | 65 | €7,115 | €383 | -€6,731 | -94.6% |
| Non-recurring financial charges | 66B | - | €220 | +€220 | |
| Profit (loss) for the period before taxes | 9903 | €232,327 | €84,458 | -€147,870 | -63.6% |
| Transfer to deferred taxes | 680 | €54,346 | €0 | -€54,346 | -100.0% |
| Income taxes | 67/77 | €438 | €23,632 | +€23,194 | +5299.8% |
| Profit (loss) for the period | 9904 | €177,544 | €60,826 | -€116,718 | -65.7% |
| Transfer to tax-exempt reserves | 689 | €163,037 | €0 | -€163,037 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,507 | €60,826 | +€46,319 | +319.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.