TALENTBOXX: 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.
TALENTBOXX
Largest movements
- Receivables within one year +€93,797
up €93,797 (+56.8%), from €165,111 to €258,907
of which Trade receivables: +€80,906
- Cash -€29,641
down €29,641 (-14.1%), from €209,889 to €180,248
mainly Receivables within one year (-€93,797) and Other debts (-€7,729)
- Reserves +€47,033
up €47,033 (+24.9%), from €188,634 to €235,667
- Tax, wage and social debts +€22,835
up €22,835 (+29.5%), from €77,278 to €100,113
of which Taxes: +€24,673
- Other debts -€7,729
down €7,729 (-100%), from €7,729 to €0
- Trade debts +€6,978
up €6,978 (+8.9%), from €78,711 to €85,689
- Short-term financial debts -€5,895
down €5,895 (-100%), from €5,895 to €0
- Staff costs +€96,429
up €96,429 (+92.2%), from €104,535 to €200,964
- Gross operating margin +€48,727
up €48,727 (+20.8%), from €233,908 to €282,635
- Other operating charges +€9,867
up €9,867 (+768%), from €1,285 to €11,152
- Write-downs -€8,081
down €8,081, from €0 to -€8,081
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 | €479,998 | €540,428 | +€60,430 | +12.6% |
| Fixed assets | 21/28 | €94,832 | €97,445 | +€2,613 | +2.8% |
| Tangible fixed assets | 22/27 | €17,277 | €19,890 | +€2,613 | +15.1% |
| Land and buildings | 22 | €8,716 | €13,311 | +€4,594 | +52.7% |
| Furniture and vehicles | 24 | €1,489 | €522 | -€967 | -65.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €7,072 | €6,058 | -€1,014 | -14.3% |
| Financial fixed assets | 28 | €77,555 | €77,555 | = | 0.0% |
| Current assets | 29/58 | €385,166 | €442,983 | +€57,817 | +15.0% |
| Amounts receivable within one year | 40/41 | €165,111 | €258,907 | +€93,797 | +56.8% |
| Trade receivables | 40 | €141,508 | €222,414 | +€80,906 | +57.2% |
| Other amounts receivable | 41 | €23,603 | €36,493 | +€12,890 | +54.6% |
| Current investments | 50/53 | €4,956 | €0 | -€4,956 | -100% |
| Cash at bank and in hand | 54/58 | €209,889 | €180,248 | -€29,641 | -14.1% |
| Deferred charges and accrued income | 490/1 | €5,210 | €3,827 | -€1,382 | -26.5% |
| Total equity and liabilities | 10/49 | €479,998 | €540,428 | +€60,430 | +12.6% |
| Equity | 10/15 | €307,234 | €354,267 | +€47,033 | +15.3% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €188,634 | €235,667 | +€47,033 | +24.9% |
| Distributable reserves | 133 | €188,634 | €235,667 | +€47,033 | +24.9% |
| Amounts payable | 17/49 | €172,764 | €186,161 | +€13,397 | +7.8% |
| Amounts payable within one year | 42/48 | €169,613 | €185,824 | +€16,211 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,895 | €0 | -€5,895 | -100% |
| Credit institutions | 430/8 | €5,895 | €0 | -€5,895 | -100% |
| Trade debts | 44 | €78,711 | €85,689 | +€6,978 | +8.9% |
| Suppliers | 440/4 | €78,711 | €85,689 | +€6,978 | +8.9% |
| Advances received on contracts in progress | 46 | - | €22 | +€22 | |
| Taxes, remuneration and social security | 45 | €77,278 | €100,113 | +€22,835 | +29.5% |
| Taxes | 450/3 | €42,313 | €66,985 | +€24,673 | +58.3% |
| Remuneration and social security | 454/9 | €34,965 | €33,128 | -€1,837 | -5.3% |
| Other amounts payable | 47/48 | €7,729 | €0 | -€7,729 | -100% |
| Accrued charges and deferred income | 492/3 | €3,150 | €337 | -€2,813 | -89.3% |
| Remuneration, social security and pensions | 62 | €104,535 | €200,964 | +€96,429 | +92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,264 | €3,887 | +€623 | +19.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€8,081 | -€8,081 | |
| Other operating charges | 640/8 | €1,285 | €11,152 | +€9,867 | +768% |
| Gross operating margin | 9900 | €233,908 | €282,635 | +€48,727 | +20.8% |
| Operating profit (loss) | 9901 | €124,823 | €74,713 | -€50,111 | -40.1% |
| Financial income | 75/76B | €0 | €15 | +€15 | |
| Recurring financial income | 75 | €0 | €15 | +€15 | |
| Financial charges | 65/66B | €2,872 | €2,191 | -€681 | -23.7% |
| Recurring financial charges | 65 | €2,872 | €2,191 | -€681 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €121,952 | €72,537 | -€49,415 | -40.5% |
| Income taxes | 67/77 | €24,564 | €25,504 | +€939 | +3.8% |
| Profit (loss) for the period | 9904 | €97,387 | €47,033 | -€50,354 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,387 | €47,033 | -€50,354 | -51.7% |
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 15 October 2026 via checked.be.