Talent Tracks: 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.
Talent Tracks
Largest movements
- Cash +€34,907
up €34,907 (+731%), from €4,773 to €39,680
mainly Trade debts (+€80,212) and Accrued charges and deferred income (+€16,056)
- Receivables within one year +€25,083
up €25,083 (+36.8%), from €68,090 to €93,173
of which Trade receivables: +€25,984
- Tangible fixed assets -€7,529
down €7,529 (-27.8%), from €27,039 to €19,510
of which Plant, machinery and equipment: -€5,356
- Intangible fixed assets -€2,325
down €2,325 (-28.1%), from €8,276 to €5,951
- Current investments +€1,962
up €1,962 (+8.8%), from €22,200 to €24,161
- Trade debts +€80,212
up €80,212 (+1,771%), from €4,529 to €84,741
- Other debts -€41,322
down €41,322 (-67.3%), from €61,369 to €20,046
- Accrued charges and deferred income +€16,056
new in 2025: €16,056
- Reserves -€8,913
down €8,913 (-31.3%), from €28,481 to €19,567
- Tax, wage and social debts +€8,644
up €8,644 (+75.6%), from €11,438 to €20,082
of which Taxes: +€6,110
- Gross operating margin -€18,391
down €18,391 (-32.8%), from €56,030 to €37,638
- Staff costs +€18,387
up €18,387 (+110%), from €16,653 to €35,040
- Taxes -€7,109
down €7,109 (-100%), from €7,109 to €0
- Depreciation +€948
up €948 (+10.6%), from €8,906 to €9,854
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.
Derived cash bridge
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 | €131,972 | €184,372 | +€52,400 | +39.7% |
| Fixed assets | 21/28 | €35,316 | €25,462 | -€9,854 | -27.9% |
| Intangible fixed assets | 21 | €8,276 | €5,951 | -€2,325 | -28.1% |
| Tangible fixed assets | 22/27 | €27,039 | €19,510 | -€7,529 | -27.8% |
| Plant, machinery and equipment | 23 | €21,296 | €15,940 | -€5,356 | -25.2% |
| Furniture and vehicles | 24 | €5,743 | €3,570 | -€2,173 | -37.8% |
| Current assets | 29/58 | €96,656 | €158,910 | +€62,254 | +64.4% |
| Amounts receivable within one year | 40/41 | €68,090 | €93,173 | +€25,083 | +36.8% |
| Trade receivables | 40 | €52,906 | €78,890 | +€25,984 | +49.1% |
| Other amounts receivable | 41 | €15,184 | €14,283 | -€901 | -5.9% |
| Current investments | 50/53 | €22,200 | €24,161 | +€1,962 | +8.8% |
| Cash at bank and in hand | 54/58 | €4,773 | €39,680 | +€34,907 | +731% |
| Deferred charges and accrued income | 490/1 | €1,594 | €1,897 | +€303 | +19.0% |
| Total equity and liabilities | 10/49 | €131,972 | €184,372 | +€52,400 | +39.7% |
| Equity | 10/15 | €31,481 | €22,567 | -€8,913 | -28.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,481 | €19,567 | -€8,913 | -31.3% |
| Distributable reserves | 133 | €28,481 | €19,567 | -€8,913 | -31.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €100,491 | €161,805 | +€61,314 | +61.0% |
| Amounts payable after more than one year | 17 | €16,781 | €11,110 | -€5,671 | -33.8% |
| Financial debts | 170/4 | €16,781 | €11,110 | -€5,671 | -33.8% |
| Amounts payable within one year | 42/48 | €83,710 | €134,638 | +€50,928 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €5,412 | €9,050 | +€3,638 | +67.2% |
| Financial debts | 43 | €963 | €719 | -€244 | -25.3% |
| Credit institutions | 430/8 | €963 | €719 | -€244 | -25.3% |
| Trade debts | 44 | €4,529 | €84,741 | +€80,212 | +1,771% |
| Suppliers | 440/4 | €4,529 | €84,741 | +€80,212 | +1,771% |
| Taxes, remuneration and social security | 45 | €11,438 | €20,082 | +€8,644 | +75.6% |
| Taxes | 450/3 | €7,109 | €13,218 | +€6,110 | +85.9% |
| Remuneration and social security | 454/9 | €4,329 | €6,863 | +€2,534 | +58.5% |
| Other amounts payable | 47/48 | €61,369 | €20,046 | -€41,322 | -67.3% |
| Accrued charges and deferred income | 492/3 | - | €16,056 | +€16,056 | |
| Remuneration, social security and pensions | 62 | €16,653 | €35,040 | +€18,387 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,906 | €9,854 | +€948 | +10.6% |
| Other operating charges | 640/8 | €499 | €505 | +€6 | +1.2% |
| Gross operating margin | 9900 | €56,030 | €37,638 | -€18,391 | -32.8% |
| Operating profit (loss) | 9901 | €29,971 | -€7,761 | -€37,732 | |
| Financial income | 75/76B | - | €167 | +€167 | |
| Recurring financial income | 75 | - | €167 | +€167 | |
| Financial charges | 65/66B | €1,581 | €1,319 | -€262 | -16.6% |
| Recurring financial charges | 65 | €1,581 | €1,319 | -€262 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €28,390 | -€8,913 | -€37,304 | |
| Income taxes | 67/77 | €7,109 | €0 | -€7,109 | -100% |
| Profit (loss) for the period | 9904 | €21,282 | -€8,913 | -€30,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,282 | -€8,913 | -€30,195 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.