TRANSFORMING 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.
TRANSFORMING TALENT
Largest movements
- Receivables within one year +€11,090
up €11,090 (+90.8%), from €12,217 to €23,307
- Cash +€2,936
up €2,936 (+9.2%), from €31,957 to €34,894
mainly Net result for the year (+€14,861) and Tax, wage and social debts (+€6,708)
- Tangible fixed assets -€1,126
down €1,126 (-16.7%), from €6,748 to €5,622
of which Furniture and vehicles: -€914
- Profit (loss) carried forward +€14,861
up €14,861 (+13.3%), from -€111,656 to -€96,796
- Other debts -€6,856
down €6,856 (-5.3%), from €130,252 to €123,396
- Tax, wage and social debts +€6,708
up €6,708 (+69.1%), from €9,702 to €16,410
of which Taxes: +€6,244
- Trade debts -€1,887
down €1,887 (-78.5%), from €2,403 to €516
- Gross operating margin +€14,621
up €14,621 (+31.3%), from €46,696 to €61,317
- Depreciation -€4,769
down €4,769 (-67.9%), from €7,019 to €2,250
- Staff costs +€3,797
up €3,797 (+9.4%), from €40,277 to €44,074
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 | €51,162 | €63,987 | +€12,825 | +25.1% |
| Fixed assets | 21/28 | €6,748 | €5,622 | -€1,126 | -16.7% |
| Tangible fixed assets | 22/27 | €6,748 | €5,622 | -€1,126 | -16.7% |
| Furniture and vehicles | 24 | €3,680 | €2,766 | -€914 | -24.8% |
| Other tangible fixed assets | 26 | €3,068 | €2,856 | -€212 | -6.9% |
| Current assets | 29/58 | €44,414 | €58,365 | +€13,951 | +31.4% |
| Amounts receivable within one year | 40/41 | €12,217 | €23,307 | +€11,090 | +90.8% |
| Trade receivables | 40 | €12,217 | €23,307 | +€11,090 | +90.8% |
| Cash at bank and in hand | 54/58 | €31,957 | €34,894 | +€2,936 | +9.2% |
| Deferred charges and accrued income | 490/1 | €240 | €165 | -€75 | -31.2% |
| Total equity and liabilities | 10/49 | €51,162 | €63,987 | +€12,825 | +25.1% |
| Equity | 10/15 | -€91,196 | -€76,336 | +€14,861 | +16.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,656 | -€96,796 | +€14,861 | +13.3% |
| Amounts payable | 17/49 | €142,358 | €140,323 | -€2,035 | -1.4% |
| Amounts payable within one year | 42/48 | €142,358 | €140,323 | -€2,035 | -1.4% |
| Trade debts | 44 | €2,403 | €516 | -€1,887 | -78.5% |
| Suppliers | 440/4 | €2,403 | €516 | -€1,887 | -78.5% |
| Taxes, remuneration and social security | 45 | €9,702 | €16,410 | +€6,708 | +69.1% |
| Taxes | 450/3 | €409 | €6,653 | +€6,244 | +1,527% |
| Remuneration and social security | 454/9 | €9,293 | €9,758 | +€464 | +5.0% |
| Other amounts payable | 47/48 | €130,252 | €123,396 | -€6,856 | -5.3% |
| Remuneration, social security and pensions | 62 | €40,277 | €44,074 | +€3,797 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,019 | €2,250 | -€4,769 | -67.9% |
| Gross operating margin | 9900 | €46,696 | €61,317 | +€14,621 | +31.3% |
| Operating profit (loss) | 9901 | -€600 | €14,993 | +€15,593 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €107 | €132 | +€25 | +23.9% |
| Recurring financial charges | 65 | €107 | €132 | +€25 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | -€704 | €14,861 | +€15,565 | |
| Profit (loss) for the period | 9904 | -€704 | €14,861 | +€15,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€704 | €14,861 | +€15,565 |
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 24 October 2026 via checked.be.