TEL IMMO: 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.
TEL IMMO
Largest movements
- Tangible fixed assets -€11,312
down €11,312 (-22.5%), from €50,237 to €38,925
- Cash -€3,145
down €3,145 (-20.0%), from €15,738 to €12,593
mainly Net result for the year (-€17,091) and Debts after one year (-€5,871)
- Deferred charges and accrued income +€1,284
new in 2025: €1,284
- Profit (loss) carried forward -€17,091
down €17,091 (-193.1%), from -€8,850 to -€25,941
- Other debts +€8,850
up €8,850 (+21.0%), from €42,047 to €50,897
- Debts after one year -€5,871
down €5,871 (-27.2%), from €21,624 to €15,753
- Trade debts +€708
up €708 (+137.8%), from €514 to €1,223
- Depreciation +€4,990
up €4,990 (+78.9%), from €6,322 to €11,312
- Gross operating margin -€2,900
down €2,900 (-156.8%), from -€1,850 to -€4,749
- Financial charges +€352
up €352 (+51.8%), from €678 to €1,030
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 | €65,975 | €52,802 | -€13,173 | -20.0% |
| Fixed assets | 21/28 | €50,237 | €38,925 | -€11,312 | -22.5% |
| Tangible fixed assets | 22/27 | €50,237 | €38,925 | -€11,312 | -22.5% |
| Furniture and vehicles | 24 | €50,237 | €38,925 | -€11,312 | -22.5% |
| Current assets | 29/58 | €15,738 | €13,877 | -€1,861 | -11.8% |
| Cash at bank and in hand | 54/58 | €15,738 | €12,593 | -€3,145 | -20.0% |
| Deferred charges and accrued income | 490/1 | - | €1,284 | +€1,284 | |
| Total equity and liabilities | 10/49 | €65,975 | €52,802 | -€13,173 | -20.0% |
| Equity | 10/15 | -€3,850 | -€20,941 | -€17,091 | -443.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,850 | -€25,941 | -€17,091 | -193.1% |
| Amounts payable | 17/49 | €69,825 | €73,744 | +€3,919 | +5.6% |
| Amounts payable after more than one year | 17 | €21,624 | €15,753 | -€5,871 | -27.2% |
| Financial debts | 170/4 | €21,624 | €15,753 | -€5,871 | -27.2% |
| Amounts payable within one year | 42/48 | €48,201 | €57,991 | +€9,790 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €5,640 | €5,871 | +€231 | +4.1% |
| Trade debts | 44 | €514 | €1,223 | +€708 | +137.8% |
| Suppliers | 440/4 | €514 | €1,223 | +€708 | +137.8% |
| Other amounts payable | 47/48 | €42,047 | €50,897 | +€8,850 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,322 | €11,312 | +€4,990 | +78.9% |
| Gross operating margin | 9900 | -€1,850 | -€4,749 | -€2,900 | -156.8% |
| Operating profit (loss) | 9901 | -€8,172 | -€16,061 | -€7,889 | -96.5% |
| Financial charges | 65/66B | €678 | €1,030 | +€352 | +51.8% |
| Recurring financial charges | 65 | €678 | €1,030 | +€352 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,850 | -€17,091 | -€8,241 | -93.1% |
| Profit (loss) for the period | 9904 | -€8,850 | -€17,091 | -€8,241 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,850 | -€17,091 | -€8,241 | -93.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.