TALWAR: what changed
Two fiscal 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.
What changed
TALWAR
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,149
2024 · €1,028+€13,121
Equity
€53,488
2024 · €39,340+€14,149
Cash
€671
2024 · €279+€392
Balance sheet total
€152,722
2024 · €140,447+€12,275
Largest movements
Assets
- Receivables within one year +€24,697
up €24,697, from €0 to €24,697
of which Other amounts receivable: +€24,024
- Stocks and contracts -€12,583
no longer reported in 2025 (was €12,583)
Equity and liabilities
- Debts after one year -€15,265
down €15,265 (-23.0%), from €66,285 to €51,019
- Profit (loss) carried forward +€14,149
new in 2025: €14,149
- Other debts +€10,338
up €10,338 (+674.7%), from €1,532 to €11,870
- Tax, wage and social debts +€2,454
up €2,454 (+1385.1%), from €177 to €2,631
Income statement
- Turnover +€418,615
new in 2025: €418,615
- Purchases and services +€383,787
new in 2025: €383,787
- Gross operating margin +€17,472
up €17,472 (+83.3%), from €20,967 to €38,439
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.
Result 2024
€1,028
Gross operating margin
+€17,472
Staff costs
-€1,284
Depreciation
-€1,766
Other operating charges
-€2,319
Financial income
-€1
Financial charges
+€1,018
Result 2025
€14,149
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.
From operations
+€29,288
Investment
-€14,520
Financing
-€14,376
Cash 2024
€279
From operations (derived)
+€29,288
Net result for the year
+€14,149
Depreciation
+€14,216
Stocks and contracts
+€12,583
Receivables within one year
-€24,697
Deferred charges and accrued income
+€535
Trade debts
-€290
Tax, wage and social debts
+€2,454
Other debts
+€10,338
Investment (derived)
-€14,520
Investment in fixed assets (net)
-€14,520
Financing
-€14,376
Debts after one year
-€15,265
Current portion of long-term debt
+€587
Short-term financial debts
+€302
Cash 2025
€671
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,447 | €152,722 | +€12,275 | +8.7% |
| Fixed assets | 21/28 | €127,050 | €127,354 | +€304 | +0.2% |
| Tangible fixed assets | 22/27 | €124,500 | €124,804 | +€304 | +0.2% |
| Land and buildings | 22 | €124,500 | €112,050 | -€12,450 | -10.0% |
| Furniture and vehicles | 24 | - | €12,754 | +€12,754 | |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €13,397 | €25,368 | +€11,971 | +89.4% |
| Stocks and contracts in progress | 3 | €12,583 | - | -€12,583 | |
| Stocks | 30/36 | €12,583 | - | -€12,583 | |
| Amounts receivable within one year | 40/41 | €0 | €24,697 | +€24,697 | |
| Trade receivables | 40 | - | €673 | +€673 | |
| Other amounts receivable | 41 | €0 | €24,024 | +€24,024 | |
| Cash at bank and in hand | 54/58 | €279 | €671 | +€392 | +140.6% |
| Deferred charges and accrued income | 490/1 | €535 | - | -€535 | |
| Total equity and liabilities | 10/49 | €140,447 | €152,722 | +€12,275 | +8.7% |
| Equity | 10/15 | €39,340 | €53,488 | +€14,149 | +36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,740 | €20,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,880 | €18,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €14,149 | +€14,149 | |
| Amounts payable | 17/49 | €101,107 | €99,233 | -€1,874 | -1.9% |
| Amounts payable after more than one year | 17 | €66,285 | €51,019 | -€15,265 | -23.0% |
| Financial debts | 170/4 | €66,285 | €51,019 | -€15,265 | -23.0% |
| Amounts payable within one year | 42/48 | €34,823 | €48,214 | +€13,391 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €14,678 | €15,265 | +€587 | +4.0% |
| Financial debts | 43 | €6,430 | €6,731 | +€302 | +4.7% |
| Credit institutions | 430/8 | €6,430 | €6,731 | +€302 | +4.7% |
| Trade debts | 44 | €12,006 | €11,716 | -€290 | -2.4% |
| Suppliers | 440/4 | €12,006 | €11,716 | -€290 | -2.4% |
| Taxes, remuneration and social security | 45 | €177 | €2,631 | +€2,454 | +1385.1% |
| Taxes | 450/3 | €177 | €2,631 | +€2,454 | +1385.1% |
| Other amounts payable | 47/48 | €1,532 | €11,870 | +€10,338 | +674.7% |
| Turnover | 70 | - | €418,615 | +€418,615 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €383,787 | +€383,787 | |
| Remuneration, social security and pensions | 62 | - | €1,284 | +€1,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,450 | €14,216 | +€1,766 | +14.2% |
| Other operating charges | 640/8 | €2,383 | €4,702 | +€2,319 | +97.3% |
| Gross operating margin | 9900 | €20,967 | €38,439 | +€17,472 | +83.3% |
| Operating profit (loss) | 9901 | €6,133 | €18,236 | +€12,103 | +197.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €5,106 | €4,088 | -€1,018 | -19.9% |
| Recurring financial charges | 65 | €5,106 | €4,088 | -€1,018 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €1,028 | €14,149 | +€13,121 | +1276.2% |
| Profit (loss) for the period | 9904 | €1,028 | €14,149 | +€13,121 | +1276.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,028 | €14,149 | +€13,121 | +1276.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.