TALUH: 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.
TALUH
Largest movements
- Cash +€123,828
up €123,828 (+71.0%), from €174,299 to €298,127
mainly Receivables within one year (+€103,242) and Net result for the year (+€58,131)
- Receivables within one year -€103,242
down €103,242 (-100.0%), from €103,242 to €0
of which Other amounts receivable: -€90,129
- Stocks and contracts -€27,828
down €27,828 (-14.4%), from €192,776 to €164,948
- Reserves +€44,466
new in 2025: €44,466
of which Distributable reserves: +€42,243
- Other debts -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Trade debts -€20,241
down €20,241 (-19.1%), from €105,855 to €85,614
- Advances received -€14,004
down €14,004 (-100.0%), from €14,004 to €0
- Profit (loss) carried forward +€13,665
up €13,665, from -€13,665 to €0
- Gross operating margin -€148,439
down €148,439 (-59.8%), from €248,114 to €99,675
- Staff costs -€39,899
down €39,899 (-99.3%), from €40,179 to €280
- Taxes +€19,788
up €19,788 (+989.6%), from €2,000 to €21,788
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 | €473,293 | €467,908 | -€5,385 | -1.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €473,293 | €467,908 | -€5,385 | -1.1% |
| Stocks and contracts in progress | 3 | €192,776 | €164,948 | -€27,828 | -14.4% |
| Stocks | 30/36 | €192,776 | €164,948 | -€27,828 | -14.4% |
| Amounts receivable within one year | 40/41 | €103,242 | €0 | -€103,242 | -100.0% |
| Trade receivables | 40 | €13,113 | €0 | -€13,113 | -100.0% |
| Other amounts receivable | 41 | €90,129 | €0 | -€90,129 | -100.0% |
| Cash at bank and in hand | 54/58 | €174,299 | €298,127 | +€123,828 | +71.0% |
| Deferred charges and accrued income | 490/1 | €2,976 | €4,834 | +€1,857 | +62.4% |
| Total equity and liabilities | 10/49 | €473,293 | €467,908 | -€5,385 | -1.1% |
| Equity | 10/15 | €47,835 | €105,966 | +€58,131 | +121.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €44,466 | +€44,466 | |
| Non-distributable reserves | 130/1 | - | €2,223 | +€2,223 | |
| Legal reserve | 130 | - | €2,223 | +€2,223 | |
| Distributable reserves | 133 | - | €42,243 | +€42,243 | |
| Profit (loss) carried forward | 14 | -€13,665 | €0 | +€13,665 | |
| Amounts payable | 17/49 | €425,458 | €361,942 | -€63,516 | -14.9% |
| Amounts payable within one year | 42/48 | €424,758 | €361,878 | -€62,880 | -14.8% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €105,855 | €85,614 | -€20,241 | -19.1% |
| Suppliers | 440/4 | €105,855 | €85,614 | -€20,241 | -19.1% |
| Advances received on contracts in progress | 46 | €14,004 | €0 | -€14,004 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,899 | €26,264 | +€11,364 | +76.3% |
| Taxes | 450/3 | €14,899 | €26,264 | +€11,364 | +76.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,000 | €0 | -€40,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €700 | €64 | -€636 | -90.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €40,179 | €280 | -€39,899 | -99.3% |
| Other operating charges | 640/8 | €1,564 | €2,272 | +€707 | +45.2% |
| Gross operating margin | 9900 | €248,114 | €99,675 | -€148,439 | -59.8% |
| Operating profit (loss) | 9901 | €206,370 | €97,123 | -€109,247 | -52.9% |
| Financial income | 75/76B | €29 | €9 | -€21 | -70.7% |
| Recurring financial income | 75 | €29 | €9 | -€21 | -70.7% |
| Financial charges | 65/66B | €17,112 | €17,212 | +€101 | +0.6% |
| Recurring financial charges | 65 | €17,112 | €17,212 | +€101 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €189,288 | €79,919 | -€109,369 | -57.8% |
| Income taxes | 67/77 | €2,000 | €21,788 | +€19,788 | +989.6% |
| Profit (loss) for the period | 9904 | €187,288 | €58,131 | -€129,157 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €187,288 | €58,131 | -€129,157 | -69.0% |
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 9 October 2026 via checked.be.