TALWANDI: 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.
TALWANDI
Largest movements
- Cash +€16,729
up €16,729 (+565.2%), from €2,960 to €19,689
mainly Net result for the year (+€9,240) and Other debts (+€8,541)
- Deferred charges and accrued income -€4,670
down €4,670 (-13.5%), from €34,634 to €29,964
- Stocks and contracts +€1,346
up €1,346 (+5.2%), from €25,857 to €27,203
- Receivables within one year +€862
up €862 (+26.2%), from €3,288 to €4,150
- Other debts +€8,541
up €8,541 (+36.8%), from €23,240 to €31,782
- Profit (loss) carried forward +€3,240
new in 2025: €3,240
- Trade debts +€2,164
up €2,164 (+7.3%), from €29,842 to €32,006
- Gross operating margin -€3,348
down €3,348 (-24.3%), from €13,797 to €10,449
- Financial income +€2,750
up €2,750 (+27250.2%), from €10 to €2,760
- Other operating charges -€1,126
down €1,126 (-37.5%), from €2,999 to €1,873
- Depreciation -€380
no longer reported in 2025 (was €380)
- Taxes +€314
up €314 (+27.5%), from €1,141 to €1,455
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 | €68,556 | €82,822 | +€14,266 | +20.8% |
| Fixed assets | 21/28 | €1,817 | €1,817 | = | 0.0% |
| Financial fixed assets | 28 | €1,817 | €1,817 | = | 0.0% |
| Current assets | 29/58 | €66,739 | €81,005 | +€14,266 | +21.4% |
| Stocks and contracts in progress | 3 | €25,857 | €27,203 | +€1,346 | +5.2% |
| Stocks | 30/36 | €25,857 | €27,203 | +€1,346 | +5.2% |
| Amounts receivable within one year | 40/41 | €3,288 | €4,150 | +€862 | +26.2% |
| Other amounts receivable | 41 | €3,288 | €4,150 | +€862 | +26.2% |
| Cash at bank and in hand | 54/58 | €2,960 | €19,689 | +€16,729 | +565.2% |
| Deferred charges and accrued income | 490/1 | €34,634 | €29,964 | -€4,670 | -13.5% |
| Total equity and liabilities | 10/49 | €68,556 | €82,822 | +€14,266 | +20.8% |
| Equity | 10/15 | €9,276 | €12,515 | +€3,240 | +34.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €2,976 | €2,976 | = | 0.0% |
| Distributable reserves | 133 | €2,976 | €2,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,240 | +€3,240 | |
| Amounts payable | 17/49 | €59,280 | €70,307 | +€11,027 | +18.6% |
| Amounts payable within one year | 42/48 | €59,280 | €70,307 | +€11,027 | +18.6% |
| Financial debts | 43 | €2,949 | €2,954 | +€5 | +0.2% |
| Credit institutions | 430/8 | €2,949 | €2,954 | +€5 | +0.2% |
| Trade debts | 44 | €29,842 | €32,006 | +€2,164 | +7.3% |
| Suppliers | 440/4 | €29,842 | €32,006 | +€2,164 | +7.3% |
| Taxes, remuneration and social security | 45 | €3,249 | €3,566 | +€317 | +9.8% |
| Taxes | 450/3 | €3,249 | €3,566 | +€317 | +9.8% |
| Other amounts payable | 47/48 | €23,240 | €31,782 | +€8,541 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | - | -€380 | |
| Other operating charges | 640/8 | €2,999 | €1,873 | -€1,126 | -37.5% |
| Gross operating margin | 9900 | €13,797 | €10,449 | -€3,348 | -24.3% |
| Operating profit (loss) | 9901 | €10,418 | €8,576 | -€1,842 | -17.7% |
| Financial income | 75/76B | €10 | €2,760 | +€2,750 | +27250.2% |
| Recurring financial income | 75 | €10 | €2,760 | +€2,750 | +27250.2% |
| Financial charges | 65/66B | €492 | €641 | +€149 | +30.3% |
| Recurring financial charges | 65 | €492 | €641 | +€149 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €9,937 | €10,695 | +€758 | +7.6% |
| Income taxes | 67/77 | €1,141 | €1,455 | +€314 | +27.5% |
| Profit (loss) for the period | 9904 | €8,796 | €9,240 | +€444 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,796 | €9,240 | +€444 | +5.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.