TALL: 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.
TALL
Largest movements
- Current investments -€596,056
down €596,056 (-18.6%), from €3.2m to €2.6m
- Cash -€321,121
down €321,121 (-50.5%), from €635,953 to €314,833
mainly Contributions, distributions and other (-€1.1m) and Receivables after one year (-€259,000)
- Receivables after one year +€259,000
up €259,000 (+20.5%), from €1.3m to €1.5m
- Reserves -€648,691
down €648,691 (-10.0%), from €6.5m to €5.8m
of which Distributable reserves: -€648,691
- Financial income -€188,998
down €188,998 (-29.3%), from €644,010 to €455,012
- Financial charges -€36,729
down €36,729 (-71.3%), from €51,488 to €14,759
- Taxes -€24,092
down €24,092 (-31.9%), from €75,466 to €51,375
- Gross operating margin +€10,883
up €10,883 (+27.3%), from €39,829 to €50,712
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 | €8,714,952 | €8,111,262 | -€603,690 | -6.9% |
| Fixed assets | 21/28 | €1,999,960 | €1,999,960 | = | 0.0% |
| Financial fixed assets | 28 | €1,999,960 | €1,999,960 | = | 0.0% |
| Current assets | 29/58 | €6,714,992 | €6,111,302 | -€603,690 | -9.0% |
| Amounts receivable after more than one year | 29 | €1,263,750 | €1,522,750 | +€259,000 | +20.5% |
| Other amounts receivable | 291 | €1,263,750 | €1,522,750 | +€259,000 | +20.5% |
| Stocks and contracts in progress | 3 | €1,485,013 | €1,485,013 | = | 0.0% |
| Stocks | 30/36 | €1,485,013 | €1,485,013 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,000 | €107,092 | +€16,092 | +17.7% |
| Other amounts receivable | 41 | €91,000 | €107,092 | +€16,092 | +17.7% |
| Current investments | 50/53 | €3,201,337 | €2,605,281 | -€596,056 | -18.6% |
| Cash at bank and in hand | 54/58 | €635,953 | €314,833 | -€321,121 | -50.5% |
| Deferred charges and accrued income | 490/1 | €37,939 | €76,333 | +€38,395 | +101% |
| Total equity and liabilities | 10/49 | €8,714,952 | €8,111,262 | -€603,690 | -6.9% |
| Equity | 10/15 | €8,676,199 | €8,027,508 | -€648,691 | -7.5% |
| Contributions | 10/11 | €2,197,118 | €2,197,118 | = | 0.0% |
| Reserves | 13 | €6,479,081 | €5,830,390 | -€648,691 | -10.0% |
| Non-distributable reserves | 130/1 | €219,712 | €219,712 | = | 0.0% |
| Reserves not available under the articles | 1311 | €219,712 | €219,712 | = | 0.0% |
| Distributable reserves | 133 | €6,259,369 | €5,610,678 | -€648,691 | -10.4% |
| Amounts payable | 17/49 | €38,753 | €83,754 | +€45,001 | +116% |
| Amounts payable within one year | 42/48 | €38,753 | €83,754 | +€45,001 | +116% |
| Trade debts | 44 | €30 | €30 | = | 0.0% |
| Suppliers | 440/4 | €30 | €30 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €38,723 | €38,723 | = | 0.0% |
| Taxes | 450/3 | €38,723 | €38,723 | = | 0.0% |
| Other amounts payable | 47/48 | - | €45,001 | +€45,001 | |
| Other operating charges | 640/8 | €1,171 | €1,206 | +€36 | +3.0% |
| Gross operating margin | 9900 | €39,829 | €50,712 | +€10,883 | +27.3% |
| Operating profit (loss) | 9901 | €38,659 | €49,506 | +€10,847 | +28.1% |
| Financial income | 75/76B | €644,010 | €455,012 | -€188,998 | -29.3% |
| Recurring financial income | 75 | €644,010 | €455,012 | -€188,998 | -29.3% |
| Financial charges | 65/66B | €51,488 | €14,759 | -€36,729 | -71.3% |
| Recurring financial charges | 65 | €51,488 | €14,759 | -€36,729 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €631,181 | €489,760 | -€141,421 | -22.4% |
| Income taxes | 67/77 | €75,466 | €51,375 | -€24,092 | -31.9% |
| Profit (loss) for the period | 9904 | €555,715 | €438,385 | -€117,329 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €555,715 | €438,385 | -€117,329 | -21.1% |
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 19 October 2026 via checked.be.