THINK TALENT: 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.
THINK TALENT
Largest movements
- Cash +€237,701
up €237,701 (+89.1%), from €266,665 to €504,366
mainly Net result for the year (+€137,999) and Current investments (+€122,776)
- Current investments -€122,776
no longer reported in 2025 (was €122,776)
- Receivables within one year +€64,315
up €64,315 (+71.5%), from €89,993 to €154,308
of which Other amounts receivable: +€53,120
- Tangible fixed assets -€32,589
down €32,589 (-42.5%), from €76,655 to €44,066
of which Furniture and vehicles: -€26,685
- Reserves +€137,999
up €137,999 (+25.9%), from €533,121 to €671,119
of which Distributable reserves: +€137,999
- Gross operating margin +€39,302
up €39,302 (+21.3%), from €184,609 to €223,912
- Depreciation +€16,258
up €16,258 (+78.7%), from €20,649 to €36,907
- Financial income +€12,498
up €12,498 (+460%), from €2,720 to €15,218
- Taxes +€4,697
up €4,697 (+9.3%), from €50,481 to €55,178
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 | €560,250 | €702,740 | +€142,490 | +25.4% |
| Fixed assets | 21/28 | €76,655 | €44,066 | -€32,589 | -42.5% |
| Tangible fixed assets | 22/27 | €76,655 | €44,066 | -€32,589 | -42.5% |
| Land and buildings | 22 | €8,804 | €4,472 | -€4,332 | -49.2% |
| Plant, machinery and equipment | 23 | €4,294 | €2,722 | -€1,572 | -36.6% |
| Furniture and vehicles | 24 | €52,813 | €26,128 | -€26,685 | -50.5% |
| Other tangible fixed assets | 26 | €10,744 | €10,744 | = | 0.0% |
| Current assets | 29/58 | €483,595 | €658,674 | +€175,079 | +36.2% |
| Amounts receivable within one year | 40/41 | €89,993 | €154,308 | +€64,315 | +71.5% |
| Trade receivables | 40 | €55,208 | €66,403 | +€11,195 | +20.3% |
| Other amounts receivable | 41 | €34,785 | €87,905 | +€53,120 | +153% |
| Current investments | 50/53 | €122,776 | - | -€122,776 | |
| Cash at bank and in hand | 54/58 | €266,665 | €504,366 | +€237,701 | +89.1% |
| Deferred charges and accrued income | 490/1 | €4,161 | - | -€4,161 | |
| Total equity and liabilities | 10/49 | €560,250 | €702,740 | +€142,490 | +25.4% |
| Equity | 10/15 | €551,721 | €689,719 | +€137,999 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €533,121 | €671,119 | +€137,999 | +25.9% |
| 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 | €531,261 | €669,259 | +€137,999 | +26.0% |
| Amounts payable | 17/49 | €8,529 | €13,021 | +€4,491 | +52.7% |
| Amounts payable within one year | 42/48 | €8,529 | €13,021 | +€4,491 | +52.7% |
| Financial debts | 43 | €636 | €126 | -€510 | -80.2% |
| Credit institutions | 430/8 | €636 | €126 | -€510 | -80.2% |
| Trade debts | 44 | €1,531 | €182 | -€1,349 | -88.1% |
| Suppliers | 440/4 | €1,531 | €182 | -€1,349 | -88.1% |
| Taxes, remuneration and social security | 45 | €6,362 | €12,713 | +€6,350 | +99.8% |
| Taxes | 450/3 | €5,112 | €8,713 | +€3,600 | +70.4% |
| Remuneration and social security | 454/9 | €1,250 | €4,000 | +€2,750 | +220% |
| Non-recurring operating income | 76A | - | €9,534 | +€9,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,649 | €36,907 | +€16,258 | +78.7% |
| Other operating charges | 640/8 | €1,331 | €1,203 | -€128 | -9.6% |
| Non-recurring operating charges | 66A | - | €7,290 | +€7,290 | |
| Gross operating margin | 9900 | €184,609 | €223,912 | +€39,302 | +21.3% |
| Operating profit (loss) | 9901 | €162,630 | €178,511 | +€15,882 | +9.8% |
| Financial income | 75/76B | €2,720 | €15,218 | +€12,498 | +460% |
| Recurring financial income | 75 | €2,720 | €15,218 | +€12,498 | +460% |
| Financial charges | 65/66B | €389 | €552 | +€163 | +42.0% |
| Recurring financial charges | 65 | €389 | €552 | +€163 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €164,960 | €193,177 | +€28,217 | +17.1% |
| Income taxes | 67/77 | €50,481 | €55,178 | +€4,697 | +9.3% |
| Profit (loss) for the period | 9904 | €114,479 | €137,999 | +€23,519 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €114,479 | €137,999 | +€23,519 | +20.5% |
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 1 November 2026 via checked.be.