TALENCO: 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.
What changed
TALENCO
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€48,436
2024 · -€1.3m+€1.2m
Equity
€98,861
2024 · €281,937-€183,076
Cash
€1.0m
2024 · €680,890+€349,308
Balance sheet total
€9.4m
2024 · €10.6m-€1.2m
Largest movements
Assets
- Financial fixed assets -€599,880
down €599,880 (-10.9%), from €5.5m to €4.9m
of which Affiliated companies: -€600,000
- Deferred charges and accrued income -€430,196
down €430,196 (-60.0%), from €717,093 to €286,897
- Tangible fixed assets -€370,257
down €370,257 (-25.8%), from €1.4m to €1.1m
of which Plant, machinery and equipment: -€322,298
- Cash +€349,308
up €349,308 (+51.3%), from €680,890 to €1.0m
mainly Investment in fixed assets (net) (+€869,365) and Deferred charges and accrued income (+€430,196)
- Receivables within one year -€137,501
down €137,501 (-6.2%), from €2.2m to €2.1m
of which Trade receivables: -€120,379
Equity and liabilities
- Debts after one year -€447,172
down €447,172 (-15.1%), from €3.0m to €2.5m
- Other debts -€376,704
down €376,704 (-51.9%), from €726,067 to €349,363
- Advances received -€291,891
down €291,891 (-26.6%), from €1.1m to €806,984
- Tax, wage and social debts +€150,492
up €150,492 (+12.3%), from €1.2m to €1.4m
of which Taxes: +€82,546
- Current portion of long-term debt -€148,806
down €148,806 (-33.1%), from €449,102 to €300,297
Income statement
- Goods and materials +€1.2m
up €1.2m (+29.0%), from €4.1m to €5.3m
of which Purchases: +€1.2m
- Staff costs -€732,727
down €732,727 (-9.0%), from €8.1m to €7.4m
- Financial income +€620,661
up €620,661 (+320.6%), from €193,567 to €814,228
of which Non-recurring financial income: +€600,000
- Services and other goods -€572,438
down €572,438 (-16.2%), from €3.5m to €3.0m
- Turnover +€376,838
up €376,838 (+2.6%), from €14.6m to €14.9m
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
-€1.3m
Turnover
+€376,838
Other operating income
-€180,968
Goods and materials
-€1.2m
Services and other goods
+€572,438
Staff costs
+€732,727
Depreciation
+€222,694
Write-downs
+€50,000
Provisions
-€56,949
Other operating charges
+€20,388
Other operating items
-€201,233
Financial income
+€620,661
Financial charges
+€265,698
Taxes
+€1,189
Result 2025
-€48,436
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
+€269,092
Investment
+€869,365
Financing
-€789,150
Cash 2024
€680,890
From operations (derived)
+€269,092
Net result for the year
-€48,436
Depreciation
+€128,780
Stocks and contracts
-€18,058
Receivables within one year
+€137,501
Deferred charges and accrued income
+€430,196
Provisions
+€56,949
Trade debts
+€61,540
Tax, wage and social debts
+€150,492
Advances received
-€291,891
Other debts
-€376,704
Accrued charges and deferred income
+€38,724
Investment (derived)
+€869,365
Investment in fixed assets (net)
+€869,365
Financing
-€789,150
Debts after one year
-€447,172
Current portion of long-term debt
-€148,806
Short-term financial debts
-€58,532
Contributions, distributions and other
-€134,640
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,611,374 | €9,412,899 | -€1.2m | -11.3% |
| Fixed assets | 21/28 | €6,964,263 | €5,966,119 | -€998,144 | -14.3% |
| Intangible fixed assets | 21 | €35,003 | €6,996 | -€28,007 | -80.0% |
| Tangible fixed assets | 22/27 | €1,433,330 | €1,063,072 | -€370,257 | -25.8% |
| Land and buildings | 22 | €887,390 | €850,654 | -€36,737 | -4.1% |
| Plant, machinery and equipment | 23 | €440,955 | €118,657 | -€322,298 | -73.1% |
| Furniture and vehicles | 24 | €104,984 | €93,762 | -€11,223 | -10.7% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €5,495,930 | €4,896,050 | -€599,880 | -10.9% |
| Affiliated companies | 280/1 | €5,451,553 | €4,851,553 | -€600,000 | -11.0% |
| Participating interests | 280 | €5,451,553 | €4,851,553 | -€600,000 | -11.0% |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €44,378 | €44,498 | +€120 | +0.3% |
| Amounts receivable and cash guarantees | 285/8 | €44,378 | €44,498 | +€120 | +0.3% |
| Current assets | 29/58 | €3,647,111 | €3,446,780 | -€200,331 | -5.5% |
| Stocks and contracts in progress | 3 | €29,214 | €47,272 | +€18,058 | +61.8% |
| Stocks | 30/36 | €29,214 | €47,272 | +€18,058 | +61.8% |
| Goods purchased for resale | 34 | €29,214 | €47,272 | +€18,058 | +61.8% |
| Amounts receivable within one year | 40/41 | €2,219,913 | €2,082,412 | -€137,501 | -6.2% |
| Trade receivables | 40 | €2,165,565 | €2,045,186 | -€120,379 | -5.6% |
| Other amounts receivable | 41 | €54,348 | €37,227 | -€17,121 | -31.5% |
| Cash at bank and in hand | 54/58 | €680,890 | €1,030,198 | +€349,308 | +51.3% |
| Deferred charges and accrued income | 490/1 | €717,093 | €286,897 | -€430,196 | -60.0% |
| Total equity and liabilities | 10/49 | €10,611,374 | €9,412,899 | -€1.2m | -11.3% |
| Equity | 10/15 | €281,937 | €98,861 | -€183,076 | -64.9% |
| Contributions | 10/11 | €3,429,000 | €3,429,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,281,703 | -€3,330,139 | -€48,436 | -1.5% |
| Investment grants | 15 | €134,640 | €0 | -€134,640 | -100.0% |
| Provisions and deferred taxes | 16 | - | €56,949 | +€56,949 | |
| Provisions for liabilities and charges | 160/5 | - | €56,949 | +€56,949 | |
| Other liabilities and charges | 164/5 | - | €56,949 | +€56,949 | |
| Amounts payable | 17/49 | €10,329,437 | €9,257,089 | -€1.1m | -10.4% |
| Amounts payable after more than one year | 17 | €2,958,982 | €2,511,810 | -€447,172 | -15.1% |
| Financial debts | 170/4 | €2,958,982 | €2,511,810 | -€447,172 | -15.1% |
| Subordinated loans | 170 | €1,175,000 | €1,078,125 | -€96,875 | -8.2% |
| Credit institutions | 173 | €1,733,982 | €1,433,685 | -€300,297 | -17.3% |
| Other loans | 174 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts payable within one year | 42/48 | €7,329,281 | €6,665,381 | -€663,900 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €449,102 | €300,297 | -€148,806 | -33.1% |
| Financial debts | 43 | €1,638,676 | €1,580,143 | -€58,532 | -3.6% |
| Credit institutions | 430/8 | €1,438,676 | €1,380,143 | -€58,532 | -4.1% |
| Other loans | 439 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €2,195,781 | €2,257,321 | +€61,540 | +2.8% |
| Suppliers | 440/4 | €2,195,781 | €2,257,321 | +€61,540 | +2.8% |
| Advances received on contracts in progress | 46 | €1,098,874 | €806,984 | -€291,891 | -26.6% |
| Taxes, remuneration and social security | 45 | €1,220,781 | €1,371,273 | +€150,492 | +12.3% |
| Taxes | 450/3 | €280,120 | €362,666 | +€82,546 | +29.5% |
| Remuneration and social security | 454/9 | €940,661 | €1,008,607 | +€67,945 | +7.2% |
| Other amounts payable | 47/48 | €726,067 | €349,363 | -€376,704 | -51.9% |
| Accrued charges and deferred income | 492/3 | €41,174 | €79,898 | +€38,724 | +94.0% |
| Operating income | 70/76A | €15,705,712 | €15,866,947 | +€161,235 | +1.0% |
| Turnover | 70 | €14,553,953 | €14,930,791 | +€376,838 | +2.6% |
| Other operating income | 74 | €1,117,124 | €936,156 | -€180,968 | -16.2% |
| Non-recurring operating income | 76A | €34,635 | €0 | -€34,635 | -100.0% |
| Operating charges | 60/66A | €16,372,365 | €16,190,232 | -€182,133 | -1.1% |
| Goods for resale, raw materials and consumables | 60 | €4,119,149 | €5,311,715 | +€1.2m | +29.0% |
| Purchases | 600/8 | €4,115,496 | €5,329,774 | +€1.2m | +29.5% |
| Change in stocks: decrease (increase) | 609 | €3,653 | -€18,058 | -€21,711 | |
| Services and other goods | 61 | €3,529,263 | €2,956,825 | -€572,438 | -16.2% |
| Remuneration, social security and pensions | 62 | €8,131,180 | €7,398,453 | -€732,727 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351,473 | €128,780 | -€222,694 | -63.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €66,799 | €16,799 | -€50,000 | -74.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €56,949 | +€56,949 | |
| Other operating charges | 640/8 | €45,909 | €25,522 | -€20,388 | -44.4% |
| Non-recurring operating charges | 66A | €128,591 | €295,189 | +€166,598 | +129.6% |
| Operating profit (loss) | 9901 | -€666,653 | -€323,285 | +€343,368 | +51.5% |
| Financial income | 75/76B | €193,567 | €814,228 | +€620,661 | +320.6% |
| Recurring financial income | 75 | €193,567 | €214,228 | +€20,661 | +10.7% |
| Income from financial fixed assets | 750 | €146,536 | €76,882 | -€69,654 | -47.5% |
| Income from current assets | 751 | €6,845 | €2,137 | -€4,707 | -68.8% |
| Other financial income | 752/9 | €40,187 | €135,209 | +€95,022 | +236.4% |
| Non-recurring financial income | 76B | - | €600,000 | +€600,000 | |
| Financial charges | 65/66B | €779,906 | €514,208 | -€265,698 | -34.1% |
| Recurring financial charges | 65 | €773,906 | €514,208 | -€259,698 | -33.6% |
| Debt charges | 650 | €758,937 | €508,659 | -€250,278 | -33.0% |
| Other financial charges | 652/9 | €14,969 | €5,549 | -€9,420 | -62.9% |
| Non-recurring financial charges | 66B | €6,000 | €0 | -€6,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,252,992 | -€23,266 | +€1.2m | +98.1% |
| Income taxes | 67/77 | €26,359 | €25,170 | -€1,189 | -4.5% |
| Taxes | 670/3 | €26,359 | €25,170 | -€1,189 | -4.5% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,279,351 | -€48,436 | +€1.2m | +96.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,279,351 | -€48,436 | +€1.2m | +96.2% |
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.