TALENTSQUARE: 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.
TALENTSQUARE
Largest movements
- Cash -€70,665
down €70,665 (-59.9%), from €118,049 to €47,384
mainly Net result for the year (-€118,553) and Debts after one year (-€49,157)
- Receivables within one year -€47,381
down €47,381 (-41.5%), from €114,263 to €66,882
of which Trade receivables: -€31,482
- Profit (loss) carried forward -€118,553
down €118,553 (-25,813%), from -€459 to -€119,012
- Short-term financial debts +€60,000
new in 2025: €60,000
- Debts after one year -€49,157
down €49,157 (-22.1%), from €222,538 to €173,382
- Other debts -€29,000
down €29,000 (-96.7%), from €30,000 to €1,000
- Tax, wage and social debts +€13,150
up €13,150 (+21.7%), from €60,648 to €73,797
of which Remuneration and social security: +€15,750
- Staff costs +€93,089
up €93,089 (+35.0%), from €266,246 to €359,335
- Gross operating margin +€40,537
up €40,537 (+17.5%), from €232,188 to €272,725
- Depreciation +€4,940
up €4,940 (+32.9%), from €14,992 to €19,932
- Other operating charges -€3,619
down €3,619 (-60.5%), from €5,983 to €2,363
- Financial income -€3,098
down €3,098 (-94.2%), from €3,288 to €189
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 | €552,567 | €436,870 | -€115,697 | -20.9% |
| Fixed assets | 21/28 | €318,743 | €317,466 | -€1,276 | -0.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €216,366 | €215,090 | -€1,276 | -0.6% |
| Land and buildings | 22 | €183,612 | €178,614 | -€4,998 | -2.7% |
| Furniture and vehicles | 24 | €16,120 | €17,865 | +€1,745 | +10.8% |
| Other tangible fixed assets | 26 | €16,635 | €18,611 | +€1,976 | +11.9% |
| Financial fixed assets | 28 | €102,376 | €102,376 | = | 0.0% |
| Current assets | 29/58 | €233,825 | €119,404 | -€114,421 | -48.9% |
| Amounts receivable within one year | 40/41 | €114,263 | €66,882 | -€47,381 | -41.5% |
| Trade receivables | 40 | €90,358 | €58,876 | -€31,482 | -34.8% |
| Other amounts receivable | 41 | €23,905 | €8,006 | -€15,900 | -66.5% |
| Cash at bank and in hand | 54/58 | €118,049 | €47,384 | -€70,665 | -59.9% |
| Deferred charges and accrued income | 490/1 | €1,513 | €5,138 | +€3,626 | +240% |
| Total equity and liabilities | 10/49 | €552,567 | €436,870 | -€115,697 | -20.9% |
| Equity | 10/15 | €105,741 | -€12,812 | -€118,553 | |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€459 | -€119,012 | -€118,553 | -25,813% |
| Amounts payable | 17/49 | €446,827 | €449,683 | +€2,856 | +0.6% |
| Amounts payable after more than one year | 17 | €222,538 | €173,382 | -€49,157 | -22.1% |
| Financial debts | 170/4 | €222,538 | €173,382 | -€49,157 | -22.1% |
| Amounts payable within one year | 42/48 | €224,288 | €276,301 | +€52,013 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €50,478 | €51,681 | +€1,203 | +2.4% |
| Financial debts | 43 | - | €60,000 | +€60,000 | |
| Credit institutions | 430/8 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €83,162 | €89,823 | +€6,660 | +8.0% |
| Suppliers | 440/4 | €83,162 | €89,823 | +€6,660 | +8.0% |
| Taxes, remuneration and social security | 45 | €60,648 | €73,797 | +€13,150 | +21.7% |
| Taxes | 450/3 | €34,336 | €31,735 | -€2,601 | -7.6% |
| Remuneration and social security | 454/9 | €26,312 | €42,062 | +€15,750 | +59.9% |
| Other amounts payable | 47/48 | €30,000 | €1,000 | -€29,000 | -96.7% |
| Remuneration, social security and pensions | 62 | €266,246 | €359,335 | +€93,089 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,992 | €19,932 | +€4,940 | +32.9% |
| Other operating charges | 640/8 | €5,983 | €2,363 | -€3,619 | -60.5% |
| Gross operating margin | 9900 | €232,188 | €272,725 | +€40,537 | +17.5% |
| Operating profit (loss) | 9901 | -€55,033 | -€108,905 | -€53,872 | -97.9% |
| Financial income | 75/76B | €3,288 | €189 | -€3,098 | -94.2% |
| Recurring financial income | 75 | €3,288 | €189 | -€3,098 | -94.2% |
| Financial charges | 65/66B | €8,187 | €9,485 | +€1,298 | +15.9% |
| Recurring financial charges | 65 | €8,187 | €9,485 | +€1,298 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€59,932 | -€118,201 | -€58,268 | -97.2% |
| Income taxes | 67/77 | - | €352 | +€352 | |
| Profit (loss) for the period | 9904 | -€59,932 | -€118,553 | -€58,621 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,932 | -€118,553 | -€58,621 | -97.8% |
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 30 October 2026 via checked.be.