TEL UNLIMITED: what changed
TEL UNLIMITED
Largest movements
- Current investments +€229,340
new in 2025: €229,340
- Cash -€130,895
down €130,895 (-47.1%), from €278,128 to €147,233
mainly Current investments (-€229,340) and Receivables within one year (-€17,518)
- Tangible fixed assets -€22,347
down €22,347 (-24.0%), from €93,239 to €70,891
of which Furniture and vehicles: -€22,315
- Deferred charges and accrued income -€18,914
down €18,914 (-92.7%), from €20,404 to €1,490
- Receivables within one year +€17,518
new in 2025: €17,518
- Reserves +€75,500
up €75,500 (+20.8%), from €363,747 to €439,247
of which Distributable reserves: +€75,500
- Accrued charges and deferred income -€9,498
down €9,498 (-97.7%), from €9,723 to €225
- Tax, wage and social debts +€8,564
up €8,564 (+61.1%), from €14,008 to €22,572
- Depreciation +€14,161
up €14,161 (+173%), from €8,186 to €22,347
- Taxes -€3,605
down €3,605 (-9.2%), from €39,331 to €35,726
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 | €391,770 | €466,473 | +€74,703 | +19.1% |
| Fixed assets | 21/28 | €93,239 | €70,891 | -€22,347 | -24.0% |
| Tangible fixed assets | 22/27 | €93,239 | €70,891 | -€22,347 | -24.0% |
| Plant, machinery and equipment | 23 | €32 | - | -€32 | |
| Furniture and vehicles | 24 | €93,206 | €70,891 | -€22,315 | -23.9% |
| Current assets | 29/58 | €298,532 | €395,581 | +€97,050 | +32.5% |
| Amounts receivable within one year | 40/41 | - | €17,518 | +€17,518 | |
| Trade receivables | 40 | - | €17,518 | +€17,518 | |
| Current investments | 50/53 | - | €229,340 | +€229,340 | |
| Cash at bank and in hand | 54/58 | €278,128 | €147,233 | -€130,895 | -47.1% |
| Deferred charges and accrued income | 490/1 | €20,404 | €1,490 | -€18,914 | -92.7% |
| Total equity and liabilities | 10/49 | €391,770 | €466,473 | +€74,703 | +19.1% |
| Equity | 10/15 | €367,140 | €442,777 | +€75,636 | +20.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €363,747 | €439,247 | +€75,500 | +20.8% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,747 | €28,747 | = | 0.0% |
| Distributable reserves | 133 | €332,000 | €407,500 | +€75,500 | +22.7% |
| Profit (loss) carried forward | 14 | €1,393 | €1,530 | +€136 | +9.8% |
| Amounts payable | 17/49 | €24,630 | €23,696 | -€933 | -3.8% |
| Amounts payable within one year | 42/48 | €14,907 | €23,471 | +€8,564 | +57.5% |
| Trade debts | 44 | €580 | - | -€580 | |
| Suppliers | 440/4 | €580 | - | -€580 | |
| Taxes, remuneration and social security | 45 | €14,008 | €22,572 | +€8,564 | +61.1% |
| Taxes | 450/3 | €14,008 | €22,572 | +€8,564 | +61.1% |
| Other amounts payable | 47/48 | €319 | €899 | +€580 | +182% |
| Accrued charges and deferred income | 492/3 | €9,723 | €225 | -€9,498 | -97.7% |
| Non-recurring operating income | 76A | €13,575 | - | -€13,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,186 | €22,347 | +€14,161 | +173% |
| Other operating charges | 640/8 | €513 | €654 | +€141 | +27.5% |
| Gross operating margin | 9900 | €133,652 | €133,943 | +€291 | +0.2% |
| Operating profit (loss) | 9901 | €124,953 | €110,942 | -€14,012 | -11.2% |
| Financial income | 75/76B | €1,166 | €759 | -€407 | -34.9% |
| Recurring financial income | 75 | €1,166 | €759 | -€407 | -34.9% |
| Financial charges | 65/66B | €410 | €338 | -€72 | -17.7% |
| Recurring financial charges | 65 | €410 | €338 | -€72 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €125,709 | €111,362 | -€14,346 | -11.4% |
| Income taxes | 67/77 | €39,331 | €35,726 | -€3,605 | -9.2% |
| Profit (loss) for the period | 9904 | €86,378 | €75,636 | -€10,742 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,378 | €75,636 | -€10,742 | -12.4% |
Next steps
Calculation and sources
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 8 November 2026 via checked.be.