TaLeM: 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.
TaLeM
Largest movements
- Cash -€33,464
down €33,464 (-28.5%), from €117,606 to €84,143
mainly Contributions, distributions and other (-€109,915) and Other debts (-€35,802)
- Receivables within one year +€6,242
up €6,242 (+9.1%), from €68,863 to €75,106
of which Trade receivables: +€13,689
- Tangible fixed assets -€3,504
down €3,504 (-28.3%), from €12,395 to €8,891
of which Furniture and vehicles: -€1,905
- Deferred charges and accrued income -€2,238
down €2,238 (-100.0%), from €2,238 to €0
- Reserves -€109,915
down €109,915 (-100.0%), from €109,915 to €0
- Profit (loss) carried forward +€103,419
new in 2025: €103,419
- Other debts -€35,802
down €35,802 (-46.3%), from €77,303 to €41,501
- Tax, wage and social debts +€9,916
up €9,916 (+87.9%), from €11,279 to €21,195
- Trade debts -€2,055
down €2,055 (-81.1%), from €2,535 to €480
- Gross operating margin +€35,905
up €35,905 (+34.9%), from €103,004 to €138,909
- Taxes +€9,982
up €9,982 (+49.4%), from €20,220 to €30,202
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 | €201,132 | €168,169 | -€32,963 | -16.4% |
| Fixed assets | 21/28 | €12,425 | €8,921 | -€3,504 | -28.2% |
| Tangible fixed assets | 22/27 | €12,395 | €8,891 | -€3,504 | -28.3% |
| Plant, machinery and equipment | 23 | €482 | €408 | -€74 | -15.3% |
| Furniture and vehicles | 24 | €2,571 | €665 | -€1,905 | -74.1% |
| Other tangible fixed assets | 26 | €9,343 | €7,818 | -€1,525 | -16.3% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €188,708 | €159,248 | -€29,459 | -15.6% |
| Amounts receivable within one year | 40/41 | €68,863 | €75,106 | +€6,242 | +9.1% |
| Trade receivables | 40 | €59,637 | €73,326 | +€13,689 | +23.0% |
| Other amounts receivable | 41 | €9,227 | €1,780 | -€7,447 | -80.7% |
| Cash at bank and in hand | 54/58 | €117,606 | €84,143 | -€33,464 | -28.5% |
| Deferred charges and accrued income | 490/1 | €2,238 | €0 | -€2,238 | -100.0% |
| Total equity and liabilities | 10/49 | €201,132 | €168,169 | -€32,963 | -16.4% |
| Equity | 10/15 | €110,015 | €103,519 | -€6,496 | -5.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €109,915 | €0 | -€109,915 | -100.0% |
| Distributable reserves | 133 | €109,915 | €0 | -€109,915 | -100.0% |
| Profit (loss) carried forward | 14 | - | €103,419 | +€103,419 | |
| Amounts payable | 17/49 | €91,118 | €64,651 | -€26,467 | -29.0% |
| Amounts payable within one year | 42/48 | €91,118 | €63,176 | -€27,941 | -30.7% |
| Trade debts | 44 | €2,535 | €480 | -€2,055 | -81.1% |
| Suppliers | 440/4 | €2,535 | €480 | -€2,055 | -81.1% |
| Taxes, remuneration and social security | 45 | €11,279 | €21,195 | +€9,916 | +87.9% |
| Taxes | 450/3 | €11,279 | €21,195 | +€9,916 | +87.9% |
| Other amounts payable | 47/48 | €77,303 | €41,501 | -€35,802 | -46.3% |
| Accrued charges and deferred income | 492/3 | - | €1,475 | +€1,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,995 | €3,504 | -€491 | -12.3% |
| Other operating charges | 640/8 | €801 | €843 | +€43 | +5.3% |
| Gross operating margin | 9900 | €103,004 | €138,909 | +€35,905 | +34.9% |
| Operating profit (loss) | 9901 | €98,209 | €134,562 | +€36,353 | +37.0% |
| Financial income | 75/76B | €411 | €0 | -€411 | -100.0% |
| Recurring financial income | 75 | €411 | €0 | -€411 | -100.0% |
| Financial charges | 65/66B | €1,096 | €942 | -€154 | -14.1% |
| Recurring financial charges | 65 | €1,096 | €942 | -€154 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €97,523 | €133,621 | +€36,097 | +37.0% |
| Income taxes | 67/77 | €20,220 | €30,202 | +€9,982 | +49.4% |
| Profit (loss) for the period | 9904 | €77,303 | €103,419 | +€26,115 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,303 | €103,419 | +€26,115 | +33.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.