WASTED 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.
WASTED TALENT
Largest movements
- Cash +€40,695
up €40,695 (+17.9%), from €227,307 to €268,002
mainly Net result for the year (+€63,478) and Other debts (+€45,988)
- Current investments +€36,293
up €36,293 (+22.3%), from €162,800 to €199,093
- Receivables within one year +€13,770
up €13,770 (+23.6%), from €58,261 to €72,031
of which Other amounts receivable: +€24,046
- Other debts +€45,988
up €45,988 (+998%), from €4,607 to €50,595
- Accrued charges and deferred income +€20,631
new in 2025: €20,631
- Tax, wage and social debts +€17,982
up €17,982 (+45.1%), from €39,904 to €57,886
of which Remuneration and social security: +€14,083
- Reserves +€9,778
up €9,778 (+2.6%), from €382,514 to €392,292
- Staff costs +€62,695
new in 2025: €62,695
- Gross operating margin -€37,236
down €37,236 (-19.7%), from €189,479 to €152,243
- Taxes -€32,048
down €32,048 (-55.9%), from €57,337 to €25,289
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 | €450,192 | €540,461 | +€90,270 | +20.1% |
| Fixed assets | 21/28 | €991 | €402 | -€589 | -59.4% |
| Tangible fixed assets | 22/27 | €991 | €402 | -€589 | -59.4% |
| Plant, machinery and equipment | 23 | €843 | €402 | -€441 | -52.3% |
| Furniture and vehicles | 24 | €149 | €0 | -€149 | -100% |
| Current assets | 29/58 | €449,200 | €540,059 | +€90,859 | +20.2% |
| Amounts receivable within one year | 40/41 | €58,261 | €72,031 | +€13,770 | +23.6% |
| Trade receivables | 40 | €56,330 | €46,053 | -€10,276 | -18.2% |
| Other amounts receivable | 41 | €1,932 | €25,978 | +€24,046 | +1,245% |
| Current investments | 50/53 | €162,800 | €199,093 | +€36,293 | +22.3% |
| Cash at bank and in hand | 54/58 | €227,307 | €268,002 | +€40,695 | +17.9% |
| Deferred charges and accrued income | 490/1 | €832 | €933 | +€102 | +12.2% |
| Total equity and liabilities | 10/49 | €450,192 | €540,461 | +€90,270 | +20.1% |
| Equity | 10/15 | €394,914 | €404,692 | +€9,778 | +2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €382,514 | €392,292 | +€9,778 | +2.6% |
| Distributable reserves | 133 | €382,514 | €392,292 | +€9,778 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,278 | €135,770 | +€80,492 | +146% |
| Amounts payable within one year | 42/48 | €55,278 | €115,138 | +€59,861 | +108% |
| Trade debts | 44 | €10,767 | €6,657 | -€4,110 | -38.2% |
| Suppliers | 440/4 | €10,767 | €6,657 | -€4,110 | -38.2% |
| Taxes, remuneration and social security | 45 | €39,904 | €57,886 | +€17,982 | +45.1% |
| Taxes | 450/3 | €37,004 | €40,904 | +€3,899 | +10.5% |
| Remuneration and social security | 454/9 | €2,900 | €16,983 | +€14,083 | +486% |
| Other amounts payable | 47/48 | €4,607 | €50,595 | +€45,988 | +998% |
| Accrued charges and deferred income | 492/3 | - | €20,631 | +€20,631 | |
| Remuneration, social security and pensions | 62 | - | €62,695 | +€62,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | €589 | -€100 | -14.5% |
| Other operating charges | 640/8 | €1,540 | €1,121 | -€419 | -27.2% |
| Gross operating margin | 9900 | €189,479 | €152,243 | -€37,236 | -19.7% |
| Operating profit (loss) | 9901 | €187,249 | €87,837 | -€99,412 | -53.1% |
| Financial income | 75/76B | €3,571 | €1,946 | -€1,625 | -45.5% |
| Recurring financial income | 75 | €3,571 | €1,946 | -€1,625 | -45.5% |
| Financial charges | 65/66B | €82 | €1,016 | +€934 | +1,143% |
| Recurring financial charges | 65 | €82 | €1,016 | +€934 | +1,143% |
| Profit (loss) for the period before taxes | 9903 | €190,738 | €88,767 | -€101,971 | -53.5% |
| Income taxes | 67/77 | €57,337 | €25,289 | -€32,048 | -55.9% |
| Profit (loss) for the period | 9904 | €133,401 | €63,478 | -€69,924 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €133,401 | €63,478 | -€69,924 | -52.4% |
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 15 October 2026 via checked.be.