TELDA: 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.
TELDA
Largest movements
- Tangible fixed assets -€13,498
down €13,498 (-4.7%), from €284,605 to €271,107
of which Land and buildings: -€11,169
- Cash -€10,168
down €10,168 (-74.3%), from €13,680 to €3,511
mainly Other debts (-€69,047) and Debts after one year (-€29,682)
- Financial fixed assets +€7,176
up €7,176 (+310.6%), from €2,310 to €9,486
- Other debts -€69,047
down €69,047 (-57.5%), from €120,000 to €50,953
- Profit (loss) carried forward +€41,843
up €41,843 (+100.2%), from €41,772 to €83,615
- Current portion of long-term debt +€32,786
up €32,786 (+123.3%), from €26,584 to €59,370
- Debts after one year -€29,682
down €29,682 (-30.8%), from €96,320 to €66,638
- Tax, wage and social debts +€6,081
up €6,081 (+390.5%), from €1,557 to €7,638
of which Remuneration and social security: +€5,091
- Gross operating margin +€41,256
up €41,256 (+41.0%), from €100,724 to €141,979
- Financial charges -€4,058
down €4,058 (-32.0%), from €12,678 to €8,620
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 | €310,547 | €292,205 | -€18,341 | -5.9% |
| Fixed assets | 21/28 | €286,915 | €280,592 | -€6,322 | -2.2% |
| Tangible fixed assets | 22/27 | €284,605 | €271,107 | -€13,498 | -4.7% |
| Land and buildings | 22 | €272,434 | €261,264 | -€11,169 | -4.1% |
| Plant, machinery and equipment | 23 | €360 | - | -€360 | |
| Other tangible fixed assets | 26 | €11,811 | €9,843 | -€1,969 | -16.7% |
| Financial fixed assets | 28 | €2,310 | €9,486 | +€7,176 | +310.6% |
| Current assets | 29/58 | €23,632 | €11,613 | -€12,019 | -50.9% |
| Stocks and contracts in progress | 3 | €9,952 | €8,101 | -€1,851 | -18.6% |
| Stocks | 30/36 | €9,952 | €8,101 | -€1,851 | -18.6% |
| Cash at bank and in hand | 54/58 | €13,680 | €3,511 | -€10,168 | -74.3% |
| Total equity and liabilities | 10/49 | €310,547 | €292,205 | -€18,341 | -5.9% |
| Equity | 10/15 | €62,232 | €104,075 | +€41,843 | +67.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,772 | €83,615 | +€41,843 | +100.2% |
| Amounts payable | 17/49 | €248,315 | €188,130 | -€60,185 | -24.2% |
| Amounts payable after more than one year | 17 | €96,320 | €66,638 | -€29,682 | -30.8% |
| Financial debts | 170/4 | €96,320 | €66,638 | -€29,682 | -30.8% |
| Amounts payable within one year | 42/48 | €151,995 | €121,492 | -€30,503 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €26,584 | €59,370 | +€32,786 | +123.3% |
| Trade debts | 44 | €3,853 | €3,531 | -€322 | -8.4% |
| Suppliers | 440/4 | €3,853 | €3,531 | -€322 | -8.4% |
| Taxes, remuneration and social security | 45 | €1,557 | €7,638 | +€6,081 | +390.5% |
| Taxes | 450/3 | €1,557 | €2,547 | +€990 | +63.6% |
| Remuneration and social security | 454/9 | - | €5,091 | +€5,091 | |
| Other amounts payable | 47/48 | €120,000 | €50,953 | -€69,047 | -57.5% |
| Remuneration, social security and pensions | 62 | €78,656 | €77,888 | -€768 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,668 | €13,498 | -€1,170 | -8.0% |
| Non-recurring operating charges | 66A | €860 | €130 | -€730 | -84.9% |
| Gross operating margin | 9900 | €100,724 | €141,979 | +€41,256 | +41.0% |
| Operating profit (loss) | 9901 | €6,539 | €50,463 | +€43,924 | +671.7% |
| Financial charges | 65/66B | €12,678 | €8,620 | -€4,058 | -32.0% |
| Recurring financial charges | 65 | €12,678 | €8,620 | -€4,058 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,139 | €41,843 | +€47,982 | |
| Profit (loss) for the period | 9904 | -€6,139 | €41,843 | +€47,982 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,139 | €41,843 | +€47,982 |
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.