TALDEC: 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.
What changed
TALDEC
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€104,298
2024 · -€127,507+€23,209
Equity
€969,678
2024 · €1.1m-€104,298
Cash
€0
2024 · €8,091-€8,091
Balance sheet total
€8.9m
2024 · €9.0m-€102,023
Largest movements
Assets
- Tangible fixed assets -€129,186
down €129,186 (-5.7%), from €2.3m to €2.2m
of which Land and buildings: -€128,742
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€14,923
up €14,923 (+14.3%), from €104,592 to €119,515
- Financial charges -€3,828
down €3,828 (-4.6%), from €83,213 to €79,385
- Depreciation -€2,814
down €2,814 (-2.1%), from €132,000 to €129,186
- Other operating charges -€1,643
down €1,643 (-6.4%), from €25,696 to €24,052
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.
Result 2024
-€127,507
Gross operating margin
+€14,923
Depreciation
+€2,814
Other operating charges
+€1,643
Financial charges
+€3,828
Result 2025
-€104,298
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.
From operations
+€33,693
Investment
€0
Financing
-€41,784
Cash 2024
€8,091
From operations (derived)
+€33,693
Net result for the year
-€104,298
Depreciation
+€129,186
Receivables within one year
-€34,994
Smaller working-capital items
-€258
Provisions
-€8,810
Trade debts
-€15,705
Other debts
+€68,572
Financing
-€41,784
Debts after one year
-€37,220
Current portion of long-term debt
-€4,280
Short-term financial debts
-€285
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,002,579 | €8,900,556 | -€102,023 | -1.1% |
| Fixed assets | 21/28 | €6,257,022 | €6,127,836 | -€129,186 | -2.1% |
| Tangible fixed assets | 22/27 | €2,286,283 | €2,157,096 | -€129,186 | -5.7% |
| Land and buildings | 22 | €2,257,365 | €2,128,623 | -€128,742 | -5.7% |
| Plant, machinery and equipment | 23 | €444 | €0 | -€444 | -100.0% |
| Furniture and vehicles | 24 | €28,474 | €28,474 | = | 0.0% |
| Financial fixed assets | 28 | €3,970,739 | €3,970,739 | = | 0.0% |
| Current assets | 29/58 | €2,745,557 | €2,772,720 | +€27,163 | +1.0% |
| Amounts receivable within one year | 40/41 | €2,733,680 | €2,768,674 | +€34,994 | +1.3% |
| Other amounts receivable | 41 | €2,733,680 | €2,768,674 | +€34,994 | +1.3% |
| Cash at bank and in hand | 54/58 | €8,091 | €0 | -€8,091 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,786 | €4,046 | +€260 | +6.9% |
| Total equity and liabilities | 10/49 | €9,002,579 | €8,900,556 | -€102,023 | -1.1% |
| Equity | 10/15 | €1,073,976 | €969,678 | -€104,298 | -9.7% |
| Contributions | 10/11 | €545,706 | €545,706 | = | 0.0% |
| Capital | 10 | €85,784 | €85,784 | = | 0.0% |
| Issued capital | 100 | €85,784 | €85,784 | = | 0.0% |
| Outside capital | 11 | €459,922 | €459,922 | = | 0.0% |
| Share premium | 1100/10 | €459,922 | €459,922 | = | 0.0% |
| Reserves | 13 | €423,044 | €390,912 | -€32,133 | -7.6% |
| Non-distributable reserves | 130/1 | €8,578 | €8,578 | = | 0.0% |
| Legal reserve | 130 | €8,578 | €8,578 | = | 0.0% |
| Tax-exempt reserves | 132 | €408,764 | €382,333 | -€26,431 | -6.5% |
| Distributable reserves | 133 | €5,702 | €0 | -€5,702 | -100.0% |
| Profit (loss) carried forward | 14 | €105,226 | €33,061 | -€72,165 | -68.6% |
| Provisions and deferred taxes | 16 | €136,255 | €127,444 | -€8,810 | -6.5% |
| Deferred taxes | 168 | €136,255 | €127,444 | -€8,810 | -6.5% |
| Amounts payable | 17/49 | €7,792,348 | €7,803,433 | +€11,085 | +0.1% |
| Amounts payable after more than one year | 17 | €2,265,650 | €2,228,431 | -€37,220 | -1.6% |
| Financial debts | 170/4 | €2,265,650 | €2,228,431 | -€37,220 | -1.6% |
| Amounts payable within one year | 42/48 | €5,525,730 | €5,574,035 | +€48,304 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €42,567 | €38,286 | -€4,280 | -10.1% |
| Financial debts | 43 | €1,020,000 | €1,019,715 | -€285 | 0.0% |
| Credit institutions | 430/8 | €1,020,000 | €1,019,715 | -€285 | 0.0% |
| Trade debts | 44 | €15,705 | €0 | -€15,705 | -100.0% |
| Suppliers | 440/4 | €15,705 | €0 | -€15,705 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €2 | +€2 | |
| Taxes | 450/3 | - | €2 | +€2 | |
| Other amounts payable | 47/48 | €4,447,459 | €4,516,030 | +€68,572 | +1.5% |
| Accrued charges and deferred income | 492/3 | €968 | €968 | = | 0.0% |
| Non-recurring operating income | 76A | €275 | €0 | -€275 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,000 | €129,186 | -€2,814 | -2.1% |
| Other operating charges | 640/8 | €25,696 | €24,052 | -€1,643 | -6.4% |
| Gross operating margin | 9900 | €104,592 | €119,515 | +€14,923 | +14.3% |
| Operating profit (loss) | 9901 | -€53,104 | -€33,724 | +€19,380 | +36.5% |
| Financial charges | 65/66B | €83,213 | €79,385 | -€3,828 | -4.6% |
| Recurring financial charges | 65 | €83,213 | €79,385 | -€3,828 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€136,317 | -€113,108 | +€23,209 | +17.0% |
| Transfer from deferred taxes | 780 | €8,810 | €8,810 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€127,507 | -€104,298 | +€23,209 | +18.2% |
| Transfer from tax-exempt reserves | 789 | €26,431 | €26,431 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,075 | -€77,867 | +€23,209 | +23.0% |
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 6 October 2026 via checked.be.