THALENTO: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
THALENTO
Largest movements
- Cash +€133,588
up €133,588 (+1,147%), from €11,649 to €145,237
mainly Depreciation (+€115,546) and Accrued charges and deferred income (+€55,748)
- Intangible fixed assets -€102,341
down €102,341 (-19.5%), from €524,036 to €421,695
- Accrued charges and deferred income +€55,748
up €55,748 (+51.0%), from €109,361 to €165,109
- Tax, wage and social debts -€33,747
down €33,747 (-32.9%), from €102,643 to €68,896
of which Remuneration and social security: -€34,580
- Profit (loss) carried forward +€24,333
up €24,333 (+0.6%), from -€3.9m to -€3.9m
- Short-term financial debts -€13,728
no longer reported in 2025 (was €13,728)
- Current portion of long-term debt -€8,750
no longer reported in 2025 (was €8,750)
- Gross operating margin -€83,237
down €83,237 (-13.8%), from €604,476 to €521,238
- Other operating charges -€81,015
down €81,015 (-97.9%), from €82,751 to €1,736
- Write-downs +€80,902
no longer reported in 2025 (was -€80,902)
- Staff costs -€63,039
down €63,039 (-14.7%), from €429,023 to €365,984
- Financial charges -€19,701
down €19,701 (-39.8%), from €49,507 to €29,805
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €719,241 | €746,012 | +€26,771 | +3.7% |
| Fixed assets | 21/28 | €524,990 | €426,780 | -€98,211 | -18.7% |
| Intangible fixed assets | 21 | €524,036 | €421,695 | -€102,341 | -19.5% |
| Tangible fixed assets | 22/27 | €954 | €285 | -€669 | -70.2% |
| Furniture and vehicles | 24 | €954 | €285 | -€669 | -70.2% |
| Financial fixed assets | 28 | - | €4,800 | +€4,800 | |
| Current assets | 29/58 | €194,250 | €319,232 | +€124,982 | +64.3% |
| Amounts receivable within one year | 40/41 | €176,945 | €169,933 | -€7,012 | -4.0% |
| Trade receivables | 40 | €176,945 | €169,933 | -€7,012 | -4.0% |
| Cash at bank and in hand | 54/58 | €11,649 | €145,237 | +€133,588 | +1,147% |
| Deferred charges and accrued income | 490/1 | €5,657 | €4,063 | -€1,594 | -28.2% |
| Total equity and liabilities | 10/49 | €719,241 | €746,012 | +€26,771 | +3.7% |
| Equity | 10/15 | €337,306 | €361,639 | +€24,333 | +7.2% |
| Contributions | 10/11 | €4,244,552 | €4,244,552 | = | 0.0% |
| Capital | 10 | €4,244,552 | €4,244,552 | = | 0.0% |
| Issued capital | 100 | €4,244,552 | €4,244,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,907,246 | -€3,882,913 | +€24,333 | +0.6% |
| Amounts payable | 17/49 | €381,935 | €384,373 | +€2,438 | +0.6% |
| Amounts payable within one year | 42/48 | €272,574 | €219,263 | -€53,311 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €8,750 | - | -€8,750 | |
| Financial debts | 43 | €13,728 | - | -€13,728 | |
| Other loans | 439 | €13,728 | - | -€13,728 | |
| Trade debts | 44 | €147,453 | €150,367 | +€2,914 | +2.0% |
| Suppliers | 440/4 | €147,453 | €150,367 | +€2,914 | +2.0% |
| Taxes, remuneration and social security | 45 | €102,643 | €68,896 | -€33,747 | -32.9% |
| Taxes | 450/3 | €37,959 | €38,792 | +€834 | +2.2% |
| Remuneration and social security | 454/9 | €64,684 | €30,104 | -€34,580 | -53.5% |
| Accrued charges and deferred income | 492/3 | €109,361 | €165,109 | +€55,748 | +51.0% |
| Non-recurring operating income | 76A | €23,989 | €1,349 | -€22,640 | -94.4% |
| Remuneration, social security and pensions | 62 | €429,023 | €365,984 | -€63,039 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,398 | €115,546 | -€13,852 | -10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€80,902 | - | +€80,902 | |
| Other operating charges | 640/8 | €82,751 | €1,736 | -€81,015 | -97.9% |
| Non-recurring operating charges | 66A | €720 | - | -€720 | |
| Gross operating margin | 9900 | €604,476 | €521,238 | -€83,237 | -13.8% |
| Operating profit (loss) | 9901 | €43,486 | €37,972 | -€5,514 | -12.7% |
| Financial income | 75/76B | €20,846 | €16,619 | -€4,227 | -20.3% |
| Recurring financial income | 75 | €20,846 | €16,619 | -€4,227 | -20.3% |
| Financial charges | 65/66B | €49,507 | €29,805 | -€19,701 | -39.8% |
| Recurring financial charges | 65 | €49,507 | €29,805 | -€19,701 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €14,825 | €24,785 | +€9,960 | +67.2% |
| Income taxes | 67/77 | €839 | €452 | -€387 | -46.1% |
| Profit (loss) for the period | 9904 | €13,986 | €24,333 | +€10,348 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,986 | €24,333 | +€10,348 | +74.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.