Talopex: 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.
Talopex
Largest movements
- Cash +€120,647
up €120,647 (+224.6%), from €53,707 to €174,354
mainly Net result for the year (+€88,166) and Accrued charges and deferred income (+€31,500)
- Current investments -€20,469
down €20,469 (-3.7%), from €555,181 to €534,712
- Receivables within one year +€16,053
up €16,053 (+12.3%), from €130,292 to €146,345
of which Other amounts receivable: +€13,001
- Tangible fixed assets -€12,430
down €12,430 (-50.0%), from €24,860 to €12,430
- Reserves +€73,367
up €73,367 (+18.1%), from €405,731 to €479,098
- Accrued charges and deferred income +€31,500
up €31,500 (+700.0%), from €4,500 to €36,000
- Taxes -€19,668
down €19,668 (-63.0%), from €31,209 to €11,541
- Write-downs +€7,200
no longer reported in 2025 (was -€7,200)
- Gross operating margin +€4,539
up €4,539 (+4.2%), from €109,115 to €113,654
- Financial income -€3,677
down €3,677 (-53.5%), from €6,875 to €3,198
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 | €767,341 | €871,344 | +€104,003 | +13.6% |
| Fixed assets | 21/28 | €25,070 | €12,640 | -€12,430 | -49.6% |
| Tangible fixed assets | 22/27 | €24,860 | €12,430 | -€12,430 | -50.0% |
| Land and buildings | 22 | €24,860 | €12,430 | -€12,430 | -50.0% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €742,271 | €858,704 | +€116,433 | +15.7% |
| Amounts receivable within one year | 40/41 | €130,292 | €146,345 | +€16,053 | +12.3% |
| Trade receivables | 40 | €30,381 | €33,433 | +€3,052 | +10.0% |
| Other amounts receivable | 41 | €99,911 | €112,912 | +€13,001 | +13.0% |
| Current investments | 50/53 | €555,181 | €534,712 | -€20,469 | -3.7% |
| Cash at bank and in hand | 54/58 | €53,707 | €174,354 | +€120,647 | +224.6% |
| Deferred charges and accrued income | 490/1 | €3,091 | €3,293 | +€202 | +6.5% |
| Total equity and liabilities | 10/49 | €767,341 | €871,344 | +€104,003 | +13.6% |
| Equity | 10/15 | €746,272 | €819,639 | +€73,367 | +9.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €405,731 | €479,098 | +€73,367 | +18.1% |
| Non-distributable reserves | 130/1 | €405,731 | €479,098 | +€73,367 | +18.1% |
| Other | 1319 | €405,731 | €479,098 | +€73,367 | +18.1% |
| Profit (loss) carried forward | 14 | €326,281 | €326,281 | = | 0.0% |
| Amounts payable | 17/49 | €21,069 | €51,705 | +€30,636 | +145.4% |
| Amounts payable within one year | 42/48 | €16,569 | €15,705 | -€864 | -5.2% |
| Trade debts | 44 | €3,073 | €1,277 | -€1,796 | -58.4% |
| Suppliers | 440/4 | €3,073 | €1,277 | -€1,796 | -58.4% |
| Taxes, remuneration and social security | 45 | €13,395 | €14,428 | +€1,033 | +7.7% |
| Taxes | 450/3 | €13,395 | €14,428 | +€1,033 | +7.7% |
| Other amounts payable | 47/48 | €101 | - | -€101 | |
| Accrued charges and deferred income | 492/3 | €4,500 | €36,000 | +€31,500 | +700.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,130 | €12,430 | -€700 | -5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,200 | - | +€7,200 | |
| Other operating charges | 640/8 | €3,286 | €4,184 | +€898 | +27.3% |
| Gross operating margin | 9900 | €109,115 | €113,654 | +€4,539 | +4.2% |
| Operating profit (loss) | 9901 | €99,899 | €97,040 | -€2,859 | -2.9% |
| Financial income | 75/76B | €6,875 | €3,198 | -€3,677 | -53.5% |
| Recurring financial income | 75 | €6,875 | €3,198 | -€3,677 | -53.5% |
| Financial charges | 65/66B | €946 | €531 | -€415 | -43.9% |
| Recurring financial charges | 65 | €946 | €531 | -€415 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €105,828 | €99,707 | -€6,121 | -5.8% |
| Income taxes | 67/77 | €31,209 | €11,541 | -€19,668 | -63.0% |
| Profit (loss) for the period | 9904 | €74,619 | €88,166 | +€13,547 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,619 | €88,166 | +€13,547 | +18.2% |
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.