TALKING CIRCLES: 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.
TALKING CIRCLES
Largest movements
- Cash -€49,665
down €49,665 (-33.5%), from €148,213 to €98,548
mainly Contributions, distributions and other (-€26,790) and Other debts (-€16,769)
- Tangible fixed assets -€13,099
down €13,099 (-12.8%), from €102,651 to €89,552
of which Furniture and vehicles: -€8,593
- Receivables within one year -€4,325
down €4,325 (-29.1%), from €14,841 to €10,516
of which Trade receivables: -€9,697
- Reserves -€25,500
down €25,500 (-16.9%), from €150,915 to €125,415
- Other debts -€16,769
down €16,769 (-38.9%), from €43,109 to €26,340
- Debts after one year -€10,134
down €10,134 (-87.5%), from €11,578 to €1,445
- Tax, wage and social debts -€6,280
down €6,280 (-60.7%), from €10,346 to €4,066
- Current portion of long-term debt -€4,400
down €4,400 (-30.3%), from €14,534 to €10,134
- Gross operating margin -€41,279
down €41,279 (-69.5%), from €59,358 to €18,080
- Taxes -€11,633
down €11,633 (-85.1%), from €13,663 to €2,029
- Financial charges -€1,244
down €1,244 (-52.7%), from €2,363 to €1,118
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 | €267,244 | €199,739 | -€67,505 | -25.3% |
| Fixed assets | 21/28 | €102,651 | €89,552 | -€13,099 | -12.8% |
| Tangible fixed assets | 22/27 | €102,651 | €89,552 | -€13,099 | -12.8% |
| Land and buildings | 22 | €92,386 | €87,881 | -€4,505 | -4.9% |
| Furniture and vehicles | 24 | €10,265 | €1,672 | -€8,593 | -83.7% |
| Current assets | 29/58 | €164,593 | €110,186 | -€54,407 | -33.1% |
| Amounts receivable within one year | 40/41 | €14,841 | €10,516 | -€4,325 | -29.1% |
| Trade receivables | 40 | €14,841 | €5,144 | -€9,697 | -65.3% |
| Other amounts receivable | 41 | - | €5,372 | +€5,372 | |
| Cash at bank and in hand | 54/58 | €148,213 | €98,548 | -€49,665 | -33.5% |
| Deferred charges and accrued income | 490/1 | €1,539 | €1,123 | -€417 | -27.1% |
| Total equity and liabilities | 10/49 | €267,244 | €199,739 | -€67,505 | -25.3% |
| Equity | 10/15 | €179,516 | €152,253 | -€27,263 | -15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €150,915 | €125,415 | -€25,500 | -16.9% |
| Distributable reserves | 133 | €150,915 | €125,415 | -€25,500 | -16.9% |
| Profit (loss) carried forward | 14 | €6,967 | €5,654 | -€1,313 | -18.8% |
| Investment grants | 15 | €9,234 | €8,784 | -€450 | -4.9% |
| Amounts payable | 17/49 | €87,728 | €47,486 | -€40,242 | -45.9% |
| Amounts payable after more than one year | 17 | €11,578 | €1,445 | -€10,134 | -87.5% |
| Financial debts | 170/4 | €11,578 | €1,445 | -€10,134 | -87.5% |
| Amounts payable within one year | 42/48 | €71,825 | €42,022 | -€29,804 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €14,534 | €10,134 | -€4,400 | -30.3% |
| Trade debts | 44 | €3,837 | €1,482 | -€2,355 | -61.4% |
| Suppliers | 440/4 | €3,837 | €1,482 | -€2,355 | -61.4% |
| Taxes, remuneration and social security | 45 | €10,346 | €4,066 | -€6,280 | -60.7% |
| Taxes | 450/3 | €10,346 | €4,066 | -€6,280 | -60.7% |
| Other amounts payable | 47/48 | €43,109 | €26,340 | -€16,769 | -38.9% |
| Accrued charges and deferred income | 492/3 | €4,324 | €4,019 | -€305 | -7.1% |
| Non-recurring operating income | 76A | - | €383 | +€383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,099 | €13,099 | = | 0.0% |
| Other operating charges | 640/8 | €2,955 | €2,789 | -€166 | -5.6% |
| Non-recurring operating charges | 66A | - | €728 | +€728 | |
| Gross operating margin | 9900 | €59,358 | €18,080 | -€41,279 | -69.5% |
| Operating profit (loss) | 9901 | €43,305 | €1,464 | -€41,841 | -96.6% |
| Financial income | 75/76B | €1,200 | €1,211 | +€11 | +0.9% |
| Recurring financial income | 75 | €1,200 | €1,211 | +€11 | +0.9% |
| Financial charges | 65/66B | €2,363 | €1,118 | -€1,244 | -52.7% |
| Recurring financial charges | 65 | €2,363 | €1,118 | -€1,244 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €42,142 | €1,557 | -€40,586 | -96.3% |
| Income taxes | 67/77 | €13,663 | €2,029 | -€11,633 | -85.1% |
| Profit (loss) for the period | 9904 | €28,479 | -€473 | -€28,952 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,479 | -€473 | -€28,952 |
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.