TALO: 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.
What changed
TALO
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€132,138
2024 · €428,812-€296,674
Equity
€2.7m
2024 · €2.5m+€132,138
Cash
€202,636
2024 · €442,902-€240,267
Balance sheet total
€6.2m
2024 · €6.7m-€544,533
Largest movements
Assets
- Receivables within one year -€712,026
down €712,026 (-14.2%), from €5.0m to €4.3m
of which Trade receivables: -€733,664
- Tangible fixed assets +€424,136
up €424,136 (+39.6%), from €1.1m to €1.5m
of which Leasing and similar rights: +€385,145
- Cash -€240,267
down €240,267 (-54.2%), from €442,902 to €202,636
mainly Other debts (-€941,623) and Investment in fixed assets (net) (-€807,917)
Equity and liabilities
- Other debts -€941,623
down €941,623 (-99.4%), from €947,114 to €5,490
- Current portion of long-term debt +€172,595
up €172,595 (+69.5%), from €248,168 to €420,763
- Debts after one year +€132,622
up €132,622 (+24.6%), from €539,832 to €672,455
- Reserves +€125,000
up €125,000 (+5.0%), from €2.5m to €2.6m
of which Distributable reserves: +€125,000
Income statement
- Turnover +€2.9m
up €2.9m (+6.5%), from €44.9m to €47.8m
- Goods and materials +€2.6m
up €2.6m (+6.2%), from €42.1m to €44.6m
of which Purchases: +€2.7m
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.
Result 2024
€428,812
Turnover
+€2.9m
Other operating income
+€45,219
Goods and materials
-€2.6m
Services and other goods
-€306,340
Staff costs
-€289,498
Depreciation
-€134,336
Other operating charges
-€21,838
Other operating items
-€17,563
Financial income
+€60,421
Financial charges
+€8,142
Taxes
+€18,244
Result 2025
€132,138
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€262,433
Investment
-€807,917
Financing
+€305,217
Cash 2024
€442,902
From operations (derived)
+€262,433
Net result for the year
+€132,138
Depreciation
+€383,781
Stocks and contracts
-€4,673
Receivables within one year
+€712,026
Deferred charges and accrued income
+€21,049
Trade debts
-€36,191
Tax, wage and social debts
-€13,457
Other debts
-€941,623
Accrued charges and deferred income
+€9,384
Investment (derived)
-€807,917
Investment in fixed assets (net)
-€807,917
Financing
+€305,217
Debts after one year
+€132,622
Current portion of long-term debt
+€172,595
Cash 2025
€202,636
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,736,402 | €6,191,869 | -€544,533 | -8.1% |
| Fixed assets | 21/28 | €1,071,344 | €1,495,479 | +€424,136 | +39.6% |
| Tangible fixed assets | 22/27 | €1,071,162 | €1,495,297 | +€424,136 | +39.6% |
| Land and buildings | 22 | €133,167 | €133,167 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,069 | €7,289 | -€2,780 | -27.6% |
| Furniture and vehicles | 24 | €345,953 | €387,724 | +€41,771 | +12.1% |
| Leasing and similar rights | 25 | €581,972 | €967,118 | +€385,145 | +66.2% |
| Financial fixed assets | 28 | €182 | €182 | = | 0.0% |
| Other financial fixed assets | 284/8 | €182 | €182 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €182 | €182 | = | 0.0% |
| Current assets | 29/58 | €5,665,058 | €4,696,390 | -€968,669 | -17.1% |
| Stocks and contracts in progress | 3 | €111,825 | €116,498 | +€4,673 | +4.2% |
| Stocks | 30/36 | €111,825 | €116,498 | +€4,673 | +4.2% |
| Goods purchased for resale | 34 | €111,825 | €116,498 | +€4,673 | +4.2% |
| Amounts receivable within one year | 40/41 | €4,997,531 | €4,285,506 | -€712,026 | -14.2% |
| Trade receivables | 40 | €4,993,738 | €4,260,074 | -€733,664 | -14.7% |
| Other amounts receivable | 41 | €3,793 | €25,431 | +€21,638 | +570% |
| Cash at bank and in hand | 54/58 | €442,902 | €202,636 | -€240,267 | -54.2% |
| Deferred charges and accrued income | 490/1 | €112,800 | €91,750 | -€21,049 | -18.7% |
| Total equity and liabilities | 10/49 | €6,736,402 | €6,191,869 | -€544,533 | -8.1% |
| Equity | 10/15 | €2,549,882 | €2,682,020 | +€132,138 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €13,782 | €13,782 | = | 0.0% |
| Reserves | 13 | €2,514,555 | €2,639,555 | +€125,000 | +5.0% |
| Tax-exempt reserves | 132 | €139,555 | €139,555 | = | 0.0% |
| Distributable reserves | 133 | €2,375,000 | €2,500,000 | +€125,000 | +5.3% |
| Profit (loss) carried forward | 14 | €2,945 | €10,083 | +€7,138 | +242% |
| Amounts payable | 17/49 | €4,186,520 | €3,509,849 | -€676,671 | -16.2% |
| Amounts payable after more than one year | 17 | €539,832 | €672,455 | +€132,622 | +24.6% |
| Financial debts | 170/4 | €539,832 | €672,455 | +€132,622 | +24.6% |
| Leasing and similar obligations | 172 | €412,802 | €600,245 | +€187,443 | +45.4% |
| Credit institutions | 173 | €127,030 | €72,210 | -€54,821 | -43.2% |
| Amounts payable within one year | 42/48 | €3,640,910 | €2,822,233 | -€818,677 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €248,168 | €420,763 | +€172,595 | +69.5% |
| Financial debts | 43 | €950,000 | €950,000 | = | 0.0% |
| Credit institutions | 430/8 | €950,000 | €950,000 | = | 0.0% |
| Trade debts | 44 | €1,310,966 | €1,274,774 | -€36,191 | -2.8% |
| Suppliers | 440/4 | €1,310,966 | €1,274,774 | -€36,191 | -2.8% |
| Taxes, remuneration and social security | 45 | €184,663 | €171,205 | -€13,457 | -7.3% |
| Taxes | 450/3 | €105,553 | €25,407 | -€80,146 | -75.9% |
| Remuneration and social security | 454/9 | €79,109 | €145,798 | +€66,689 | +84.3% |
| Other amounts payable | 47/48 | €947,114 | €5,490 | -€941,623 | -99.4% |
| Accrued charges and deferred income | 492/3 | €5,778 | €15,162 | +€9,384 | +162% |
| Operating income | 70/76A | €45,108,906 | €48,064,981 | +€3.0m | +6.6% |
| Turnover | 70 | €44,912,244 | €47,841,279 | +€2.9m | +6.5% |
| Other operating income | 74 | €138,970 | €184,189 | +€45,219 | +32.5% |
| Non-recurring operating income | 76A | €57,692 | €39,514 | -€18,178 | -31.5% |
| Operating charges | 60/66A | €44,563,462 | €47,903,019 | +€3.3m | +7.5% |
| Goods for resale, raw materials and consumables | 60 | €42,059,833 | €44,647,994 | +€2.6m | +6.2% |
| Purchases | 600/8 | €41,987,080 | €44,652,667 | +€2.7m | +6.3% |
| Change in stocks: decrease (increase) | 609 | €72,753 | -€4,673 | -€77,426 | |
| Services and other goods | 61 | €1,443,406 | €1,749,745 | +€306,340 | +21.2% |
| Remuneration, social security and pensions | 62 | €778,912 | €1,068,410 | +€289,498 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249,445 | €383,781 | +€134,336 | +53.9% |
| Other operating charges | 640/8 | €31,251 | €53,089 | +€21,838 | +69.9% |
| Non-recurring operating charges | 66A | €615 | - | -€615 | |
| Operating profit (loss) | 9901 | €545,444 | €161,963 | -€383,481 | -70.3% |
| Financial income | 75/76B | €41,756 | €102,177 | +€60,421 | +145% |
| Recurring financial income | 75 | €41,756 | €102,177 | +€60,421 | +145% |
| Other financial income | 752/9 | €41,756 | €102,177 | +€60,421 | +145% |
| Financial charges | 65/66B | €84,417 | €76,275 | -€8,142 | -9.6% |
| Recurring financial charges | 65 | €84,417 | €76,275 | -€8,142 | -9.6% |
| Debt charges | 650 | €81,984 | €71,932 | -€10,052 | -12.3% |
| Other financial charges | 652/9 | €2,433 | €4,343 | +€1,910 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €502,783 | €187,865 | -€314,918 | -62.6% |
| Income taxes | 67/77 | €73,971 | €55,727 | -€18,244 | -24.7% |
| Taxes | 670/3 | €73,971 | €55,727 | -€18,244 | -24.7% |
| Profit (loss) for the period | 9904 | €428,812 | €132,138 | -€296,674 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €428,812 | €132,138 | -€296,674 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.