Tallaert: what changed
Two fiscal 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.
Tallaert
Largest movements
- Cash +€287,637
up €287,637 (+271.8%), from €105,810 to €393,447
mainly Net result for the year (+€344,016) and Trade debts (+€4,623)
- Receivables after one year +€32,500
new in 2025: €32,500
- Deferred charges and accrued income +€26,017
up €26,017 (+219.3%), from €11,862 to €37,879
- Reserves +€344,016
up €344,016 (+356.3%), from €96,565 to €440,581
- Gross operating margin +€328,540
up €328,540 (+256.9%), from €127,878 to €456,418
- Taxes +€82,078
up €82,078 (+280.7%), from €29,245 to €111,324
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 | €121,251 | €466,968 | +€345,717 | +285.1% |
| Fixed assets | 21/28 | €3,579 | €2,237 | -€1,342 | -37.5% |
| Tangible fixed assets | 22/27 | €3,579 | €2,237 | -€1,342 | -37.5% |
| Plant, machinery and equipment | 23 | €3,579 | €2,237 | -€1,342 | -37.5% |
| Current assets | 29/58 | €117,672 | €464,731 | +€347,059 | +294.9% |
| Amounts receivable after more than one year | 29 | - | €32,500 | +€32,500 | |
| Other amounts receivable | 291 | - | €32,500 | +€32,500 | |
| Amounts receivable within one year | 40/41 | - | €905 | +€905 | |
| Other amounts receivable | 41 | - | €905 | +€905 | |
| Cash at bank and in hand | 54/58 | €105,810 | €393,447 | +€287,637 | +271.8% |
| Deferred charges and accrued income | 490/1 | €11,862 | €37,879 | +€26,017 | +219.3% |
| Total equity and liabilities | 10/49 | €121,251 | €466,968 | +€345,717 | +285.1% |
| Equity | 10/15 | €100,565 | €444,581 | +€344,016 | +342.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €96,565 | €440,581 | +€344,016 | +356.3% |
| Distributable reserves | 133 | €96,565 | €440,581 | +€344,016 | +356.3% |
| Amounts payable | 17/49 | €20,686 | €22,387 | +€1,701 | +8.2% |
| Amounts payable within one year | 42/48 | €20,686 | €22,387 | +€1,701 | +8.2% |
| Trade debts | 44 | €6,441 | €11,063 | +€4,623 | +71.8% |
| Suppliers | 440/4 | €6,441 | €11,063 | +€4,623 | +71.8% |
| Taxes, remuneration and social security | 45 | €14,245 | €11,324 | -€2,922 | -20.5% |
| Taxes | 450/3 | €14,245 | €11,324 | -€2,922 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447 | €1,342 | +€895 | +200.0% |
| Other operating charges | 640/8 | €1,165 | €279 | -€886 | -76.0% |
| Gross operating margin | 9900 | €127,878 | €456,418 | +€328,540 | +256.9% |
| Operating profit (loss) | 9901 | €126,266 | €454,797 | +€328,531 | +260.2% |
| Financial income | 75/76B | - | €905 | +€905 | |
| Recurring financial income | 75 | - | €905 | +€905 | |
| Financial charges | 65/66B | €456 | €363 | -€93 | -20.5% |
| Recurring financial charges | 65 | €456 | €363 | -€93 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €125,810 | €455,340 | +€329,530 | +261.9% |
| Income taxes | 67/77 | €29,245 | €111,324 | +€82,078 | +280.7% |
| Profit (loss) for the period | 9904 | €96,565 | €344,016 | +€247,451 | +256.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,565 | €344,016 | +€247,451 | +256.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.