TALINVEST: 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.
TALINVEST
Largest movements
- Receivables within one year -€708,588
down €708,588 (-83.5%), from €849,004 to €140,416
of which Other amounts receivable: -€703,772
- Financial fixed assets -€158,224
down €158,224 (-15.6%), from €1.0m to €858,621
- Deferred charges and accrued income -€56,316
down €56,316 (-93.6%), from €60,187 to €3,871
- Debts after one year -€1.0m
down €1.0m (-79.8%), from €1.3m to €253,750
of which Financial debts: -€1.0m
- Other debts +€239,797
up €239,797 (+48.9%), from €489,982 to €729,779
- Current portion of long-term debt -€167,083
down €167,083 (-100.0%), from €167,083 to €0
- Gross operating margin +€41,471
up €41,471 (+208.1%), from €19,929 to €61,400
- Other operating charges +€9,690
up €9,690 (+74.7%), from €12,965 to €22,655
- Financial income +€9,224
up €9,224 (+234.0%), from €3,941 to €13,165
- Taxes +€1,173
new in 2025: €1,173
- Financial charges -€900
down €900 (-3.1%), from €29,483 to €28,583
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,364,963 | €1,437,727 | -€927,236 | -39.2% |
| Fixed assets | 21/28 | €1,451,921 | €1,283,274 | -€168,647 | -11.6% |
| Tangible fixed assets | 22/27 | €435,076 | €424,653 | -€10,423 | -2.4% |
| Land and buildings | 22 | €432,002 | €421,579 | -€10,423 | -2.4% |
| Other tangible fixed assets | 26 | €3,074 | €3,074 | = | 0.0% |
| Financial fixed assets | 28 | €1,016,845 | €858,621 | -€158,224 | -15.6% |
| Current assets | 29/58 | €913,042 | €154,453 | -€758,589 | -83.1% |
| Amounts receivable within one year | 40/41 | €849,004 | €140,416 | -€708,588 | -83.5% |
| Trade receivables | 40 | €80,064 | €75,248 | -€4,816 | -6.0% |
| Other amounts receivable | 41 | €768,940 | €65,168 | -€703,772 | -91.5% |
| Cash at bank and in hand | 54/58 | €3,851 | €10,166 | +€6,315 | +164.0% |
| Deferred charges and accrued income | 490/1 | €60,187 | €3,871 | -€56,316 | -93.6% |
| Total equity and liabilities | 10/49 | €2,364,963 | €1,437,727 | -€927,236 | -39.2% |
| Equity | 10/15 | €357,812 | €359,493 | +€1,681 | +0.5% |
| Contributions | 10/11 | €67,894 | €65,987 | -€1,907 | -2.8% |
| Capital | 10 | €67,894 | €65,987 | -€1,907 | -2.8% |
| Issued capital | 100 | €67,894 | €65,987 | -€1,907 | -2.8% |
| Reserves | 13 | €289,918 | €293,506 | +€3,588 | +1.2% |
| Non-distributable reserves | 130/1 | €6,789 | €6,599 | -€190 | -2.8% |
| Legal reserve | 130 | €6,789 | €6,599 | -€190 | -2.8% |
| Tax-exempt reserves | 132 | €19,697 | €19,144 | -€553 | -2.8% |
| Distributable reserves | 133 | €263,432 | €267,764 | +€4,332 | +1.6% |
| Amounts payable | 17/49 | €2,007,152 | €1,078,234 | -€928,918 | -46.3% |
| Amounts payable after more than one year | 17 | €1,256,250 | €253,750 | -€1.0m | -79.8% |
| Financial debts | 170/4 | €1,252,500 | €250,000 | -€1.0m | -80.0% |
| Other amounts payable | 178/9 | €3,750 | €3,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €705,336 | €765,551 | +€60,215 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €167,083 | €0 | -€167,083 | -100.0% |
| Trade debts | 44 | €48,270 | €34,599 | -€13,671 | -28.3% |
| Suppliers | 440/4 | €48,270 | €34,599 | -€13,671 | -28.3% |
| Taxes, remuneration and social security | 45 | - | €1,173 | +€1,173 | |
| Taxes | 450/3 | - | €1,173 | +€1,173 | |
| Other amounts payable | 47/48 | €489,982 | €729,779 | +€239,797 | +48.9% |
| Accrued charges and deferred income | 492/3 | €45,566 | €58,932 | +€13,366 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,423 | €10,423 | -€0 | 0.0% |
| Other operating charges | 640/8 | €12,965 | €22,655 | +€9,690 | +74.7% |
| Gross operating margin | 9900 | €19,929 | €61,400 | +€41,471 | +208.1% |
| Operating profit (loss) | 9901 | -€3,459 | €28,321 | +€31,780 | |
| Financial income | 75/76B | €3,941 | €13,165 | +€9,224 | +234.0% |
| Recurring financial income | 75 | €3,941 | €13,165 | +€9,224 | +234.0% |
| Financial charges | 65/66B | €29,483 | €28,583 | -€900 | -3.1% |
| Recurring financial charges | 65 | €29,483 | €28,583 | -€900 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,001 | €12,902 | +€41,903 | |
| Income taxes | 67/77 | - | €1,173 | +€1,173 | |
| Profit (loss) for the period | 9904 | -€29,001 | €11,729 | +€40,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,001 | €11,729 | +€40,730 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.