Talvendeur: 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.
Talvendeur
Largest movements
- Tangible fixed assets -€16,932
down €16,932 (-6.3%), from €268,401 to €251,469
of which Furniture and vehicles: -€8,997
- Receivables within one year -€11,939
down €11,939 (-59.2%), from €20,178 to €8,238
of which Trade receivables: -€15,445
- Cash +€5,879
up €5,879 (+98.4%), from €5,973 to €11,852
mainly Depreciation (+€34,503) and Net result for the year (+€15,507)
- Accrued charges and deferred income -€17,756
no longer reported in 2025 (was €17,756)
- Reserves +€15,000
new in 2025: €15,000
- Debts after one year -€12,924
down €12,924 (-8.2%), from €157,657 to €144,733
- Other debts -€5,431
down €5,431 (-5.6%), from €97,196 to €91,765
- Trade debts -€3,618
down €3,618 (-73.1%), from €4,946 to €1,328
- Gross operating margin +€19,269
up €19,269 (+44.1%), from €43,732 to €63,001
- Depreciation +€4,952
up €4,952 (+16.8%), from €29,551 to €34,503
- Taxes +€1,494
new in 2025: €1,494
- Financial charges -€679
down €679 (-6.4%), from €10,533 to €9,854
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 | €294,802 | €272,286 | -€22,517 | -7.6% |
| Fixed assets | 21/28 | €268,651 | €251,719 | -€16,932 | -6.3% |
| Tangible fixed assets | 22/27 | €268,401 | €251,469 | -€16,932 | -6.3% |
| Land and buildings | 22 | €180,443 | €172,846 | -€7,597 | -4.2% |
| Plant, machinery and equipment | 23 | €70,898 | €70,560 | -€338 | -0.5% |
| Furniture and vehicles | 24 | €17,061 | €8,064 | -€8,997 | -52.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €26,151 | €20,567 | -€5,584 | -21.4% |
| Amounts receivable within one year | 40/41 | €20,178 | €8,238 | -€11,939 | -59.2% |
| Trade receivables | 40 | €20,178 | €4,732 | -€15,445 | -76.5% |
| Other amounts receivable | 41 | - | €3,506 | +€3,506 | |
| Cash at bank and in hand | 54/58 | €5,973 | €11,852 | +€5,879 | +98.4% |
| Deferred charges and accrued income | 490/1 | - | €476 | +€476 | |
| Total equity and liabilities | 10/49 | €294,802 | €272,286 | -€22,517 | -7.6% |
| Equity | 10/15 | €551 | €16,058 | +€15,507 | +2,815% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €15,000 | +€15,000 | |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | -€449 | €58 | +€507 | |
| Amounts payable | 17/49 | €294,251 | €256,228 | -€38,023 | -12.9% |
| Amounts payable after more than one year | 17 | €157,657 | €144,733 | -€12,924 | -8.2% |
| Financial debts | 170/4 | €157,657 | €144,733 | -€12,924 | -8.2% |
| Amounts payable within one year | 42/48 | €118,839 | €111,495 | -€7,344 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €12,586 | €12,407 | -€180 | -1.4% |
| Trade debts | 44 | €4,946 | €1,328 | -€3,618 | -73.1% |
| Suppliers | 440/4 | €4,946 | €1,328 | -€3,618 | -73.1% |
| Taxes, remuneration and social security | 45 | €4,111 | €5,995 | +€1,884 | +45.8% |
| Taxes | 450/3 | €4,111 | €5,995 | +€1,884 | +45.8% |
| Other amounts payable | 47/48 | €97,196 | €91,765 | -€5,431 | -5.6% |
| Accrued charges and deferred income | 492/3 | €17,756 | - | -€17,756 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,551 | €34,503 | +€4,952 | +16.8% |
| Other operating charges | 640/8 | €1,531 | €1,786 | +€255 | +16.7% |
| Gross operating margin | 9900 | €43,732 | €63,001 | +€19,269 | +44.1% |
| Operating profit (loss) | 9901 | €12,649 | €26,712 | +€14,062 | +111% |
| Financial income | 75/76B | €348 | €143 | -€205 | -59.0% |
| Recurring financial income | 75 | €348 | €143 | -€205 | -59.0% |
| Financial charges | 65/66B | €10,533 | €9,854 | -€679 | -6.4% |
| Recurring financial charges | 65 | €10,533 | €9,854 | -€679 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €2,464 | €17,001 | +€14,536 | +590% |
| Income taxes | 67/77 | - | €1,494 | +€1,494 | |
| Profit (loss) for the period | 9904 | €2,464 | €15,507 | +€13,042 | +529% |
| Profit (loss) for the period to be appropriated | 9905 | €2,464 | €15,507 | +€13,042 | +529% |
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 16 October 2026 via checked.be.