TALEN: 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.
TALEN
Largest movements
- Current investments -€4.2m
down €4.2m (-92.0%), from €4.6m to €367,053
- Cash +€2.0m
up €2.0m (+58.6%), from €3.4m to €5.4m
mainly Current investments (+€4.2m) and Net result for the year (+€464,412)
- Receivables within one year +€1.5m
up €1.5m (+755.7%), from €196,471 to €1.7m
of which Other amounts receivable: +€1.5m
- Financial fixed assets +€1.2m
new in 2025: €1.2m
- Reserves +€464,412
up €464,412 (+4.8%), from €9.6m to €10.1m
- Financial income +€601,420
up €601,420 (+492.5%), from €122,105 to €723,525
- Financial charges +€76,717
up €76,717 (+424.1%), from €18,087 to €94,804
- Gross operating margin +€53,988
up €53,988 (+43.8%), from -€123,312 to -€69,324
- Taxes +€46,441
new in 2025: €46,441
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,741,464 | €10,222,133 | +€480,670 | +4.9% |
| Fixed assets | 21/28 | €1,530,976 | €2,719,301 | +€1.2m | +77.6% |
| Intangible fixed assets | 21 | €5,064 | €4,234 | -€830 | -16.4% |
| Tangible fixed assets | 22/27 | €1,525,912 | €1,482,931 | -€42,981 | -2.8% |
| Land and buildings | 22 | €1,369,237 | €1,333,741 | -€35,496 | -2.6% |
| Furniture and vehicles | 24 | €121,440 | €120,079 | -€1,361 | -1.1% |
| Other tangible fixed assets | 26 | €35,235 | €29,110 | -€6,124 | -17.4% |
| Financial fixed assets | 28 | - | €1,232,137 | +€1.2m | |
| Current assets | 29/58 | €8,210,488 | €7,502,832 | -€707,656 | -8.6% |
| Amounts receivable within one year | 40/41 | €196,471 | €1,681,189 | +€1.5m | +755.7% |
| Trade receivables | 40 | €256 | €1,625 | +€1,369 | +535.1% |
| Other amounts receivable | 41 | €196,215 | €1,679,564 | +€1.5m | +756.0% |
| Current investments | 50/53 | €4,597,470 | €367,053 | -€4.2m | -92.0% |
| Cash at bank and in hand | 54/58 | €3,414,239 | €5,413,768 | +€2.0m | +58.6% |
| Deferred charges and accrued income | 490/1 | €2,309 | €40,822 | +€38,513 | +1668.0% |
| Total equity and liabilities | 10/49 | €9,741,464 | €10,222,133 | +€480,670 | +4.9% |
| Equity | 10/15 | €9,628,980 | €10,093,392 | +€464,412 | +4.8% |
| Reserves | 13 | €9,628,980 | €10,093,392 | +€464,412 | +4.8% |
| Distributable reserves | 133 | €9,628,980 | €10,093,392 | +€464,412 | +4.8% |
| Amounts payable | 17/49 | €112,484 | €128,741 | +€16,258 | +14.5% |
| Amounts payable within one year | 42/48 | €109,909 | €126,091 | +€16,183 | +14.7% |
| Trade debts | 44 | €4,238 | €927 | -€3,311 | -78.1% |
| Suppliers | 440/4 | €4,238 | €927 | -€3,311 | -78.1% |
| Advances received on contracts in progress | 46 | €300 | - | -€300 | |
| Taxes, remuneration and social security | 45 | €26,545 | €46,498 | +€19,953 | +75.2% |
| Taxes | 450/3 | €26,545 | €46,498 | +€19,953 | +75.2% |
| Other amounts payable | 47/48 | €78,826 | €78,667 | -€159 | -0.2% |
| Accrued charges and deferred income | 492/3 | €2,575 | €2,650 | +€75 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,491 | €43,811 | +€320 | +0.7% |
| Other operating charges | 640/8 | €4,474 | €4,732 | +€258 | +5.8% |
| Gross operating margin | 9900 | -€123,312 | -€69,324 | +€53,988 | +43.8% |
| Operating profit (loss) | 9901 | -€171,277 | -€117,867 | +€53,409 | +31.2% |
| Financial income | 75/76B | €122,105 | €723,525 | +€601,420 | +492.5% |
| Recurring financial income | 75 | €122,105 | €723,525 | +€601,420 | +492.5% |
| Financial charges | 65/66B | €18,087 | €94,804 | +€76,717 | +424.1% |
| Recurring financial charges | 65 | €18,087 | €94,804 | +€76,717 | +424.1% |
| Profit (loss) for the period before taxes | 9903 | -€67,259 | €510,853 | +€578,112 | |
| Income taxes | 67/77 | - | €46,441 | +€46,441 | |
| Profit (loss) for the period | 9904 | -€67,259 | €464,412 | +€531,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,259 | €464,412 | +€531,671 |
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 11 October 2026 via checked.be.