THALENT: 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.
THALENT
Largest movements
- Cash -€76,167
down €76,167 (-90.6%), from €84,109 to €7,942
mainly Receivables within one year (-€73,024) and Accrued charges and deferred income (-€14,550)
- Receivables within one year +€73,024
up €73,024 (+133.3%), from €54,770 to €127,795
of which Other amounts receivable: +€75,721
- Tangible fixed assets -€18,559
down €18,559 (-7.1%), from €259,696 to €241,137
of which Land and buildings: -€16,829
- Accrued charges and deferred income -€14,550
down €14,550 (-69.1%), from €21,041 to €6,491
- Tax, wage and social debts -€12,158
down €12,158 (-27.7%), from €43,893 to €31,735
- Gross operating margin -€161,122
down €161,122 (-88.7%), from €181,649 to €20,527
- Taxes -€49,559
down €49,559 (-98.0%), from €50,556 to €997
- Write-downs +€10,000
no longer reported in 2025 (was -€10,000)
- Financial income +€3,619
up €3,619 (+723864.0%), from €1 to €3,620
- Financial charges -€2,943
down €2,943 (-58.4%), from €5,040 to €2,097
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 | €404,819 | €380,834 | -€23,985 | -5.9% |
| Fixed assets | 21/28 | €259,696 | €241,137 | -€18,559 | -7.1% |
| Tangible fixed assets | 22/27 | €259,696 | €241,137 | -€18,559 | -7.1% |
| Land and buildings | 22 | €247,343 | €230,513 | -€16,829 | -6.8% |
| Furniture and vehicles | 24 | €3,978 | €2,248 | -€1,730 | -43.5% |
| Other tangible fixed assets | 26 | €8,375 | €8,375 | = | 0.0% |
| Current assets | 29/58 | €145,123 | €139,697 | -€5,426 | -3.7% |
| Amounts receivable within one year | 40/41 | €54,770 | €127,795 | +€73,024 | +133.3% |
| Trade receivables | 40 | €31,333 | €28,637 | -€2,697 | -8.6% |
| Other amounts receivable | 41 | €23,437 | €99,158 | +€75,721 | +323.1% |
| Cash at bank and in hand | 54/58 | €84,109 | €7,942 | -€76,167 | -90.6% |
| Deferred charges and accrued income | 490/1 | €6,243 | €3,961 | -€2,283 | -36.6% |
| Total equity and liabilities | 10/49 | €404,819 | €380,834 | -€23,985 | -5.9% |
| Equity | 10/15 | €330,137 | €331,225 | +€1,088 | +0.3% |
| Contributions | 10/11 | €268,000 | €268,000 | = | 0.0% |
| Reserves | 13 | €249,360 | €249,360 | = | 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 | €247,500 | €247,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,223 | -€186,135 | +€1,088 | +0.6% |
| Amounts payable | 17/49 | €74,682 | €49,610 | -€25,073 | -33.6% |
| Amounts payable within one year | 42/48 | €53,641 | €43,118 | -€10,523 | -19.6% |
| Financial debts | 43 | €7,559 | €7,559 | = | 0.0% |
| Credit institutions | 430/8 | €7,559 | €7,559 | = | 0.0% |
| Trade debts | 44 | €2,189 | €3,824 | +€1,635 | +74.7% |
| Suppliers | 440/4 | €2,189 | €3,824 | +€1,635 | +74.7% |
| Taxes, remuneration and social security | 45 | €43,893 | €31,735 | -€12,158 | -27.7% |
| Taxes | 450/3 | €43,893 | €31,735 | -€12,158 | -27.7% |
| Accrued charges and deferred income | 492/3 | €21,041 | €6,491 | -€14,550 | -69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,007 | €19,081 | +€74 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,000 | - | +€10,000 | |
| Other operating charges | 640/8 | €1,202 | €884 | -€319 | -26.5% |
| Gross operating margin | 9900 | €181,649 | €20,527 | -€161,122 | -88.7% |
| Operating profit (loss) | 9901 | €171,439 | €562 | -€170,877 | -99.7% |
| Financial income | 75/76B | €1 | €3,620 | +€3,619 | +723864.0% |
| Recurring financial income | 75 | €1 | €3,620 | +€3,619 | +723864.0% |
| Financial charges | 65/66B | €5,040 | €2,097 | -€2,943 | -58.4% |
| Recurring financial charges | 65 | €5,040 | €2,097 | -€2,943 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €166,399 | €2,085 | -€164,315 | -98.7% |
| Income taxes | 67/77 | €50,556 | €997 | -€49,559 | -98.0% |
| Profit (loss) for the period | 9904 | €115,843 | €1,088 | -€114,755 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €115,843 | €1,088 | -€114,755 | -99.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.