TALMO: 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.
TALMO
Largest movements
- Cash -€31,942
down €31,942 (-59.5%), from €53,721 to €21,779
mainly Stocks and contracts (-€31,529) and Tax, wage and social debts (-€10,506)
- Stocks and contracts +€31,529
up €31,529 (+543.8%), from €5,798 to €37,327
- Receivables within one year +€7,144
up €7,144 (+24.4%), from €29,317 to €36,461
of which Other amounts receivable: +€34,422
- Tangible fixed assets -€1,688
down €1,688 (-38.9%), from €4,342 to €2,654
of which Plant, machinery and equipment: -€1,330
- Trade debts +€15,074
up €15,074 (+1364.0%), from €1,105 to €16,179
- Tax, wage and social debts -€10,506
down €10,506 (-32.7%), from €32,157 to €21,652
of which Taxes: -€7,802
- Gross operating margin -€45,669
down €45,669 (-35.8%), from €127,656 to €81,987
- Staff costs -€15,394
down €15,394 (-17.3%), from €89,046 to €73,652
- Financial charges -€8,156
down €8,156 (-65.7%), from €12,407 to €4,251
- Taxes -€4,582
down €4,582 (-76.0%), from €6,030 to €1,447
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 | €104,327 | €108,968 | +€4,641 | +4.4% |
| Fixed assets | 21/28 | €14,678 | €12,990 | -€1,688 | -11.5% |
| Tangible fixed assets | 22/27 | €4,342 | €2,654 | -€1,688 | -38.9% |
| Plant, machinery and equipment | 23 | €3,984 | €2,654 | -€1,330 | -33.4% |
| Furniture and vehicles | 24 | €358 | - | -€358 | |
| Financial fixed assets | 28 | €10,336 | €10,336 | = | 0.0% |
| Current assets | 29/58 | €89,649 | €95,978 | +€6,329 | +7.1% |
| Stocks and contracts in progress | 3 | €5,798 | €37,327 | +€31,529 | +543.8% |
| Stocks | 30/36 | €5,798 | €37,327 | +€31,529 | +543.8% |
| Amounts receivable within one year | 40/41 | €29,317 | €36,461 | +€7,144 | +24.4% |
| Trade receivables | 40 | €29,257 | €1,979 | -€27,277 | -93.2% |
| Other amounts receivable | 41 | €60 | €34,482 | +€34,422 | +57369.2% |
| Cash at bank and in hand | 54/58 | €53,721 | €21,779 | -€31,942 | -59.5% |
| Deferred charges and accrued income | 490/1 | €814 | €412 | -€402 | -49.4% |
| Total equity and liabilities | 10/49 | €104,327 | €108,968 | +€4,641 | +4.4% |
| Equity | 10/15 | €71,065 | €71,138 | +€73 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,605 | €50,678 | +€73 | +0.1% |
| Amounts payable | 17/49 | €33,263 | €37,831 | +€4,568 | +13.7% |
| Amounts payable within one year | 42/48 | €33,263 | €37,831 | +€4,568 | +13.7% |
| Trade debts | 44 | €1,105 | €16,179 | +€15,074 | +1364.0% |
| Suppliers | 440/4 | €1,105 | €16,179 | +€15,074 | +1364.0% |
| Taxes, remuneration and social security | 45 | €32,157 | €21,652 | -€10,506 | -32.7% |
| Taxes | 450/3 | €16,835 | €9,033 | -€7,802 | -46.3% |
| Remuneration and social security | 454/9 | €15,323 | €12,619 | -€2,704 | -17.6% |
| Remuneration, social security and pensions | 62 | €89,046 | €73,652 | -€15,394 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,040 | €1,688 | -€352 | -17.2% |
| Other operating charges | 640/8 | €1,685 | €892 | -€793 | -47.1% |
| Gross operating margin | 9900 | €127,656 | €81,987 | -€45,669 | -35.8% |
| Operating profit (loss) | 9901 | €34,886 | €5,755 | -€29,130 | -83.5% |
| Financial income | 75/76B | €351 | €16 | -€335 | -95.5% |
| Recurring financial income | 75 | €351 | €16 | -€335 | -95.5% |
| Financial charges | 65/66B | €12,407 | €4,251 | -€8,156 | -65.7% |
| Recurring financial charges | 65 | €12,407 | €4,251 | -€8,156 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €22,829 | €1,520 | -€21,309 | -93.3% |
| Income taxes | 67/77 | €6,030 | €1,447 | -€4,582 | -76.0% |
| Profit (loss) for the period | 9904 | €16,799 | €73 | -€16,727 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,799 | €73 | -€16,727 | -99.6% |
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 11 October 2026 via checked.be.