TALPE F. CONSTRUCT: 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.
TALPE F. CONSTRUCT
Largest movements
- Stocks and contracts -€250,594
down €250,594 (-37.4%), from €669,619 to €419,025
- Tangible fixed assets +€191,291
up €191,291 (+60.2%), from €317,743 to €509,034
of which Other tangible fixed assets: +€239,544
- Cash +€148,893
up €148,893 (+77.7%), from €191,729 to €340,622
mainly Stocks and contracts (+€250,594) and Depreciation (+€83,814)
- Receivables within one year -€70,988
down €70,988 (-30.4%), from €233,879 to €162,891
of which Trade receivables: -€63,342
- Trade debts -€85,818
down €85,818 (-59.8%), from €143,623 to €57,805
- Reserves +€80,666
up €80,666 (+118%), from €68,339 to €149,005
of which Distributable reserves: +€76,251
- Gross operating margin +€35,749
up €35,749 (+9.5%), from €377,180 to €412,929
- Depreciation +€30,885
up €30,885 (+58.4%), from €52,929 to €83,814
- Taxes +€23,834
up €23,834 (+138%), from €17,225 to €41,058
- Write-downs -€14,776
down €14,776 (-100%), from €14,776 to €0
- Staff costs +€8,858
up €8,858 (+5.0%), from €175,821 to €184,678
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 | €1,432,985 | €1,440,215 | +€7,230 | +0.5% |
| Formation expenses | 20 | €10,000 | €0 | -€10,000 | -100% |
| Fixed assets | 21/28 | €318,479 | €509,770 | +€191,291 | +60.1% |
| Tangible fixed assets | 22/27 | €317,743 | €509,034 | +€191,291 | +60.2% |
| Land and buildings | 22 | €184,678 | €166,224 | -€18,454 | -10.0% |
| Plant, machinery and equipment | 23 | €48,593 | €44,171 | -€4,422 | -9.1% |
| Furniture and vehicles | 24 | €84,472 | €59,096 | -€25,376 | -30.0% |
| Other tangible fixed assets | 26 | - | €239,544 | +€239,544 | |
| Financial fixed assets | 28 | €736 | €736 | = | 0.0% |
| Current assets | 29/58 | €1,104,507 | €930,445 | -€174,062 | -15.8% |
| Stocks and contracts in progress | 3 | €669,619 | €419,025 | -€250,594 | -37.4% |
| Stocks | 30/36 | €669,619 | €419,025 | -€250,594 | -37.4% |
| Amounts receivable within one year | 40/41 | €233,879 | €162,891 | -€70,988 | -30.4% |
| Trade receivables | 40 | €215,897 | €152,555 | -€63,342 | -29.3% |
| Other amounts receivable | 41 | €17,982 | €10,336 | -€7,646 | -42.5% |
| Cash at bank and in hand | 54/58 | €191,729 | €340,622 | +€148,893 | +77.7% |
| Deferred charges and accrued income | 490/1 | €9,280 | €7,907 | -€1,373 | -14.8% |
| Total equity and liabilities | 10/49 | €1,432,985 | €1,440,215 | +€7,230 | +0.5% |
| Equity | 10/15 | €292,339 | €373,005 | +€80,666 | +27.6% |
| Contributions | 10/11 | €224,000 | €224,000 | = | 0.0% |
| Capital | 10 | €224,000 | €224,000 | = | 0.0% |
| Issued capital | 100 | €224,000 | €224,000 | = | 0.0% |
| Reserves | 13 | €68,339 | €149,005 | +€80,666 | +118% |
| Non-distributable reserves | 130/1 | €11,568 | €15,983 | +€4,415 | +38.2% |
| Legal reserve | 130 | €11,568 | €15,983 | +€4,415 | +38.2% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €49,771 | €126,023 | +€76,251 | +153% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,140,646 | €1,067,210 | -€73,436 | -6.4% |
| Amounts payable after more than one year | 17 | €683,432 | €677,668 | -€5,764 | -0.8% |
| Financial debts | 170/4 | €683,432 | €677,668 | -€5,764 | -0.8% |
| Amounts payable within one year | 42/48 | €451,355 | €383,605 | -€67,750 | -15.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €143,623 | €57,805 | -€85,818 | -59.8% |
| Suppliers | 440/4 | €143,623 | €57,805 | -€85,818 | -59.8% |
| Taxes, remuneration and social security | 45 | €41,098 | €48,322 | +€7,224 | +17.6% |
| Taxes | 450/3 | €24,820 | €37,359 | +€12,540 | +50.5% |
| Remuneration and social security | 454/9 | €16,278 | €10,963 | -€5,315 | -32.7% |
| Other amounts payable | 47/48 | €266,634 | €277,478 | +€10,844 | +4.1% |
| Accrued charges and deferred income | 492/3 | €5,859 | €5,937 | +€78 | +1.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €175,821 | €184,678 | +€8,858 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,929 | €83,814 | +€30,885 | +58.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,776 | €0 | -€14,776 | -100% |
| Other operating charges | 640/8 | €12,928 | €8,939 | -€3,989 | -30.9% |
| Non-recurring operating charges | 66A | €14,564 | €978 | -€13,586 | -93.3% |
| Gross operating margin | 9900 | €377,180 | €412,929 | +€35,749 | +9.5% |
| Operating profit (loss) | 9901 | €106,162 | €134,521 | +€28,358 | +26.7% |
| Financial income | 75/76B | €1,586 | €2,374 | +€788 | +49.6% |
| Recurring financial income | 75 | €1,586 | €2,374 | +€788 | +49.6% |
| Financial charges | 65/66B | €20,874 | €15,171 | -€5,703 | -27.3% |
| Recurring financial charges | 65 | €20,874 | €15,171 | -€5,703 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €86,875 | €121,724 | +€34,849 | +40.1% |
| Income taxes | 67/77 | €17,225 | €41,058 | +€23,834 | +138% |
| Profit (loss) for the period | 9904 | €69,650 | €80,666 | +€11,016 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,650 | €80,666 | +€11,016 | +15.8% |
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.