TALPENA GROUP: 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.
TALPENA GROUP
Largest movements
- Tangible fixed assets +€84,117
up €84,117 (+2,920%), from €2,881 to €86,998
of which Other tangible fixed assets: +€73,302
- Cash +€1,940
up €1,940 (+244%), from €795 to €2,735
mainly Debts after one year (+€64,119) and Other debts (+€18,018)
- Receivables within one year -€1,248
down €1,248 (-15.7%), from €7,974 to €6,726
of which Trade receivables: -€5,418
- Debts after one year +€64,119
new in 2024: €64,119
- Profit (loss) carried forward -€18,840
down €18,840 (-282%), from -€6,687 to -€25,527
- Other debts +€18,018
up €18,018 (+429%), from €4,198 to €22,217
- Current portion of long-term debt +€12,503
new in 2024: €12,503
- Short-term financial debts +€6,916
new in 2024: €6,916
- Gross operating margin -€25,132
down €25,132 (-71.9%), from €34,956 to €9,824
- Staff costs -€17,854
down €17,854 (-46.5%), from €38,431 to €20,578
- Financial charges +€2,460
up €2,460 (+179%), from €1,374 to €3,835
- Depreciation +€2,427
up €2,427 (+174%), from €1,394 to €3,820
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,434 | €96,458 | +€84,025 | +676% |
| Fixed assets | 21/28 | €2,881 | €86,998 | +€84,117 | +2,920% |
| Tangible fixed assets | 22/27 | €2,881 | €86,998 | +€84,117 | +2,920% |
| Plant, machinery and equipment | 23 | €1,623 | €1,253 | -€370 | -22.8% |
| Furniture and vehicles | 24 | €1,258 | €12,443 | +€11,185 | +889% |
| Other tangible fixed assets | 26 | - | €73,302 | +€73,302 | |
| Current assets | 29/58 | €9,552 | €9,460 | -€92 | -1.0% |
| Amounts receivable within one year | 40/41 | €7,974 | €6,726 | -€1,248 | -15.7% |
| Trade receivables | 40 | €7,876 | €2,458 | -€5,418 | -68.8% |
| Other amounts receivable | 41 | €98 | €4,268 | +€4,170 | +4,269% |
| Cash at bank and in hand | 54/58 | €795 | €2,735 | +€1,940 | +244% |
| Deferred charges and accrued income | 490/1 | €784 | €0 | -€784 | -100% |
| Total equity and liabilities | 10/49 | €12,434 | €96,458 | +€84,025 | +676% |
| Equity | 10/15 | -€4,187 | -€23,027 | -€18,840 | -450% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,687 | -€25,527 | -€18,840 | -282% |
| Amounts payable | 17/49 | €16,620 | €119,486 | +€102,865 | +619% |
| Amounts payable after more than one year | 17 | - | €64,119 | +€64,119 | |
| Financial debts | 170/4 | - | €64,119 | +€64,119 | |
| Amounts payable within one year | 42/48 | €16,620 | €55,366 | +€38,746 | +233% |
| Current portion of amounts payable after more than one year | 42 | - | €12,503 | +€12,503 | |
| Financial debts | 43 | - | €6,916 | +€6,916 | |
| Credit institutions | 430/8 | - | €6,916 | +€6,916 | |
| Trade debts | 44 | €2,961 | €7,734 | +€4,773 | +161% |
| Suppliers | 440/4 | €2,961 | €7,734 | +€4,773 | +161% |
| Taxes, remuneration and social security | 45 | €9,461 | €5,997 | -€3,465 | -36.6% |
| Taxes | 450/3 | €1,275 | €412 | -€863 | -67.6% |
| Remuneration and social security | 454/9 | €8,186 | €5,584 | -€2,602 | -31.8% |
| Other amounts payable | 47/48 | €4,198 | €22,217 | +€18,018 | +429% |
| Remuneration, social security and pensions | 62 | €38,431 | €20,578 | -€17,854 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,394 | €3,820 | +€2,427 | +174% |
| Other operating charges | 640/8 | €319 | €144 | -€175 | -54.8% |
| Gross operating margin | 9900 | €34,956 | €9,824 | -€25,132 | -71.9% |
| Operating profit (loss) | 9901 | -€5,188 | -€14,718 | -€9,530 | -184% |
| Financial charges | 65/66B | €1,374 | €3,835 | +€2,460 | +179% |
| Recurring financial charges | 65 | €1,374 | €3,835 | +€2,460 | +179% |
| Profit (loss) for the period before taxes | 9903 | -€6,562 | -€18,552 | -€11,990 | -183% |
| Income taxes | 67/77 | €125 | €288 | +€163 | +131% |
| Profit (loss) for the period | 9904 | -€6,687 | -€18,840 | -€12,153 | -182% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,687 | -€18,840 | -€12,153 | -182% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.