TALENT GARDEN: what changed
TALENT GARDEN
Largest movements
- Cash +€11,446
up €11,446 (+50.3%), from €22,754 to €34,200
mainly Net result for the year (+€39,329) and Depreciation (+€3,457)
- Receivables within one year +€2,264
up €2,264 (+1.8%), from €127,717 to €129,982
of which Trade receivables: +€2,076
- Deferred charges and accrued income +€1,919
up €1,919 (+121%), from €1,582 to €3,501
- Reserves +€35,070
up €35,070 (+27.6%), from €127,270 to €162,340
of which Distributable reserves: +€35,070
- Tax, wage and social debts -€19,354
down €19,354 (-72.4%), from €26,745 to €7,391
- Gross operating margin -€95,724
down €95,724 (-61.4%), from €155,779 to €60,056
- Taxes -€27,749
down €27,749 (-62.2%), from €44,639 to €16,890
- Depreciation +€1,584
up €1,584 (+84.6%), from €1,873 to €3,457
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,260 | €184,072 | +€14,812 | +8.8% |
| Fixed assets | 21/28 | €17,207 | €16,389 | -€817 | -4.7% |
| Tangible fixed assets | 22/27 | €17,207 | €16,389 | -€817 | -4.7% |
| Land and buildings | 22 | €1,845 | €1,784 | -€62 | -3.3% |
| Furniture and vehicles | 24 | €7,419 | €5,069 | -€2,350 | -31.7% |
| Other tangible fixed assets | 26 | €7,942 | €9,536 | +€1,594 | +20.1% |
| Current assets | 29/58 | €152,053 | €167,683 | +€15,629 | +10.3% |
| Amounts receivable within one year | 40/41 | €127,717 | €129,982 | +€2,264 | +1.8% |
| Trade receivables | 40 | €36,409 | €38,485 | +€2,076 | +5.7% |
| Other amounts receivable | 41 | €91,308 | €91,497 | +€188 | +0.2% |
| Cash at bank and in hand | 54/58 | €22,754 | €34,200 | +€11,446 | +50.3% |
| Deferred charges and accrued income | 490/1 | €1,582 | €3,501 | +€1,919 | +121% |
| Total equity and liabilities | 10/49 | €169,260 | €184,072 | +€14,812 | +8.8% |
| Equity | 10/15 | €133,549 | €168,629 | +€35,079 | +26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127,270 | €162,340 | +€35,070 | +27.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €125,410 | €160,480 | +€35,070 | +28.0% |
| Profit (loss) carried forward | 14 | €79 | €89 | +€9 | +11.9% |
| Amounts payable | 17/49 | €35,710 | €15,443 | -€20,267 | -56.8% |
| Amounts payable within one year | 42/48 | €35,710 | €15,443 | -€20,267 | -56.8% |
| Trade debts | 44 | €8,965 | €8,053 | -€913 | -10.2% |
| Suppliers | 440/4 | €8,965 | €8,053 | -€913 | -10.2% |
| Taxes, remuneration and social security | 45 | €26,745 | €7,391 | -€19,354 | -72.4% |
| Taxes | 450/3 | €26,745 | €7,391 | -€19,354 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,873 | €3,457 | +€1,584 | +84.6% |
| Other operating charges | 640/8 | €1,871 | €1,252 | -€619 | -33.1% |
| Gross operating margin | 9900 | €155,779 | €60,056 | -€95,724 | -61.4% |
| Operating profit (loss) | 9901 | €152,035 | €55,347 | -€96,688 | -63.6% |
| Financial income | 75/76B | €1,599 | €3,027 | +€1,428 | +89.3% |
| Recurring financial income | 75 | €1,599 | €3,027 | +€1,428 | +89.3% |
| Financial charges | 65/66B | €1,737 | €2,154 | +€418 | +24.0% |
| Recurring financial charges | 65 | €1,737 | €2,154 | +€418 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €151,897 | €56,220 | -€95,678 | -63.0% |
| Income taxes | 67/77 | €44,639 | €16,890 | -€27,749 | -62.2% |
| Profit (loss) for the period | 9904 | €107,258 | €39,329 | -€67,928 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €107,258 | €39,329 | -€67,928 | -63.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.