TELA: 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.
TELA
Largest movements
- Tangible fixed assets -€12,000
down €12,000 (-3.2%), from €372,000 to €360,000
- Receivables within one year -€6,058
down €6,058 (-4.8%), from €127,470 to €121,412
of which Other amounts receivable: -€6,546
- Debts after one year -€33,455
down €33,455 (-9.3%), from €360,017 to €326,561
- Profit (loss) carried forward +€10,431
up €10,431 (+24.9%), from €41,920 to €52,352
- Gross operating margin +€13,396
up €13,396 (+51.3%), from €26,096 to €39,492
- Taxes +€3,829
up €3,829, from -€40 to €3,789
- Other operating charges -€722
down €722 (-21.4%), from €3,380 to €2,658
- Financial charges +€428
up €428 (+4.2%), from €10,186 to €10,614
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 | €499,568 | €481,709 | -€17,859 | -3.6% |
| Fixed assets | 21/28 | €372,000 | €360,000 | -€12,000 | -3.2% |
| Tangible fixed assets | 22/27 | €372,000 | €360,000 | -€12,000 | -3.2% |
| Land and buildings | 22 | €372,000 | €360,000 | -€12,000 | -3.2% |
| Current assets | 29/58 | €127,568 | €121,709 | -€5,859 | -4.6% |
| Amounts receivable within one year | 40/41 | €127,470 | €121,412 | -€6,058 | -4.8% |
| Trade receivables | 40 | - | €488 | +€488 | |
| Other amounts receivable | 41 | €127,470 | €120,924 | -€6,546 | -5.1% |
| Cash at bank and in hand | 54/58 | €98 | €297 | +€199 | +202.4% |
| Total equity and liabilities | 10/49 | €499,568 | €481,709 | -€17,859 | -3.6% |
| Equity | 10/15 | €48,572 | €59,003 | +€10,431 | +21.5% |
| Contributions | 10/11 | €6,652 | €6,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,920 | €52,352 | +€10,431 | +24.9% |
| Amounts payable | 17/49 | €450,996 | €422,706 | -€28,290 | -6.3% |
| Amounts payable after more than one year | 17 | €360,017 | €326,561 | -€33,455 | -9.3% |
| Financial debts | 170/4 | €360,017 | €326,561 | -€33,455 | -9.3% |
| Amounts payable within one year | 42/48 | €90,979 | €96,145 | +€5,165 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €33,204 | €34,705 | +€1,501 | +4.5% |
| Taxes, remuneration and social security | 45 | €275 | €3,939 | +€3,664 | +1332.5% |
| Taxes | 450/3 | €275 | €3,939 | +€3,664 | +1332.5% |
| Other amounts payable | 47/48 | €57,500 | €57,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,000 | €12,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,380 | €2,658 | -€722 | -21.4% |
| Gross operating margin | 9900 | €26,096 | €39,492 | +€13,396 | +51.3% |
| Operating profit (loss) | 9901 | €10,716 | €24,834 | +€14,119 | +131.8% |
| Financial charges | 65/66B | €10,186 | €10,614 | +€428 | +4.2% |
| Recurring financial charges | 65 | €10,186 | €10,614 | +€428 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €529 | €14,221 | +€13,691 | +2585.8% |
| Income taxes | 67/77 | -€40 | €3,789 | +€3,829 | |
| Profit (loss) for the period | 9904 | €569 | €10,431 | +€9,862 | +1731.8% |
| Profit (loss) for the period to be appropriated | 9905 | €569 | €10,431 | +€9,862 | +1731.8% |
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 4 October 2026 via checked.be.