TALEMCO: 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.
TALEMCO
Largest movements
- Receivables within one year -€260,163
down €260,163 (-69.7%), from €373,225 to €113,062
of which Other amounts receivable: -€330,253
- Stocks and contracts -€53,916
down €53,916 (-13.8%), from €391,829 to €337,913
- Cash -€40,050
down €40,050 (-27.1%), from €147,745 to €107,695
mainly Other debts (-€298,801) and Net result for the year (-€267,979)
- Deferred charges and accrued income -€17,364
down €17,364 (-94.1%), from €18,452 to €1,088
- Tangible fixed assets -€17,180
down €17,180 (-28.3%), from €60,793 to €43,613
of which Plant, machinery and equipment: -€16,434
- Other debts -€298,801
down €298,801 (-99.8%), from €299,289 to €488
- Trade debts +€296,102
up €296,102 (+24.3%), from €1.2m to €1.5m
- Profit (loss) carried forward -€267,979
down €267,979 (-35.5%), from -€755,573 to -€1.0m
- Current portion of long-term debt -€77,835
down €77,835 (-96.8%), from €80,437 to €2,602
- Accrued charges and deferred income -€39,192
down €39,192 (-98.2%), from €39,923 to €730
- Gross operating margin -€72,467
down €72,467 (-26.6%), from €272,550 to €200,083
- Staff costs -€41,726
down €41,726 (-11.9%), from €350,287 to €308,561
- Financial charges +€27,388
up €27,388 (+42.1%), from €65,033 to €92,421
of which Financial charges: +€34,025
- Other operating charges +€5,766
up €5,766 (+165.6%), from €3,483 to €9,249
- Taxes +€4,050
up €4,050 (+202.7%), from €1,998 to €6,049
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 | €992,696 | €604,023 | -€388,674 | -39.2% |
| Fixed assets | 21/28 | €61,445 | €44,265 | -€17,180 | -28.0% |
| Tangible fixed assets | 22/27 | €60,793 | €43,613 | -€17,180 | -28.3% |
| Plant, machinery and equipment | 23 | €58,555 | €42,120 | -€16,434 | -28.1% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Other tangible fixed assets | 26 | €2,239 | €1,492 | -€746 | -33.3% |
| Financial fixed assets | 28 | €652 | €652 | = | 0.0% |
| Current assets | 29/58 | €931,251 | €559,758 | -€371,493 | -39.9% |
| Stocks and contracts in progress | 3 | €391,829 | €337,913 | -€53,916 | -13.8% |
| Stocks | 30/36 | €391,829 | €337,913 | -€53,916 | -13.8% |
| Amounts receivable within one year | 40/41 | €373,225 | €113,062 | -€260,163 | -69.7% |
| Trade receivables | 40 | €2,810 | €72,900 | +€70,090 | +2494.2% |
| Other amounts receivable | 41 | €370,415 | €40,162 | -€330,253 | -89.2% |
| Cash at bank and in hand | 54/58 | €147,745 | €107,695 | -€40,050 | -27.1% |
| Deferred charges and accrued income | 490/1 | €18,452 | €1,088 | -€17,364 | -94.1% |
| Total equity and liabilities | 10/49 | €992,696 | €604,023 | -€388,674 | -39.2% |
| Equity | 10/15 | -€681,175 | -€949,154 | -€267,979 | -39.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €12,397 | €12,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€755,573 | -€1,023,552 | -€267,979 | -35.5% |
| Amounts payable | 17/49 | €1,673,872 | €1,553,177 | -€120,695 | -7.2% |
| Amounts payable after more than one year | 17 | €2,602 | - | -€2,602 | |
| Financial debts | 170/4 | €2,602 | - | -€2,602 | |
| Amounts payable within one year | 42/48 | €1,631,348 | €1,552,447 | -€78,901 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €80,437 | €2,602 | -€77,835 | -96.8% |
| Trade debts | 44 | €1,217,973 | €1,514,075 | +€296,102 | +24.3% |
| Suppliers | 440/4 | €1,217,973 | €1,514,075 | +€296,102 | +24.3% |
| Taxes, remuneration and social security | 45 | €33,649 | €35,282 | +€1,633 | +4.9% |
| Taxes | 450/3 | €438 | €2,196 | +€1,757 | +400.8% |
| Remuneration and social security | 454/9 | €33,210 | €33,086 | -€124 | -0.4% |
| Other amounts payable | 47/48 | €299,289 | €488 | -€298,801 | -99.8% |
| Accrued charges and deferred income | 492/3 | €39,923 | €730 | -€39,192 | -98.2% |
| Non-recurring operating income | 76A | - | €13,100 | +€13,100 | |
| Remuneration, social security and pensions | 62 | €350,287 | €308,561 | -€41,726 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,200 | €17,180 | -€1,019 | -5.6% |
| Other operating charges | 640/8 | €3,483 | €9,249 | +€5,766 | +165.6% |
| Non-recurring operating charges | 66A | - | €38,145 | +€38,145 | |
| Gross operating margin | 9900 | €272,550 | €200,083 | -€72,467 | -26.6% |
| Operating profit (loss) | 9901 | -€99,420 | -€173,053 | -€73,633 | -74.1% |
| Financial income | 75/76B | €407 | €3,544 | +€3,137 | +771.6% |
| Recurring financial income | 75 | €407 | €3,544 | +€3,137 | +771.6% |
| Non-recurring financial income | 76B | €407 | - | -€407 | |
| Financial charges | 65/66B | €65,033 | €92,421 | +€27,388 | +42.1% |
| Recurring financial charges | 65 | €58,396 | €92,421 | +€34,025 | +58.3% |
| Non-recurring financial charges | 66B | €6,637 | - | -€6,637 | |
| Profit (loss) for the period before taxes | 9903 | -€164,046 | -€261,930 | -€97,884 | -59.7% |
| Income taxes | 67/77 | €1,998 | €6,049 | +€4,050 | +202.7% |
| Profit (loss) for the period | 9904 | -€166,045 | -€267,979 | -€101,934 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€166,045 | -€267,979 | -€101,934 | -61.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.