TELDAR: 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.
TELDAR
Largest movements
- Cash -€64,190
down €64,190 (-35.7%), from €179,960 to €115,770
mainly Contributions, distributions and other (-€368,642) and Receivables within one year (-€56,585)
- Receivables within one year +€56,585
up €56,585 (+39.4%), from €143,619 to €200,204
of which Trade receivables: +€150,204
- Tangible fixed assets -€3,900
down €3,900 (-29.5%), from €13,232 to €9,332
- Profit (loss) carried forward -€159,397
down €159,397 (-91.8%), from €173,642 to €14,245
- Other debts +€152,877
up €152,877 (+138.8%), from €110,140 to €263,017
- Tax, wage and social debts -€6,290
down €6,290 (-12.7%), from €49,591 to €43,300
- Gross operating margin +€140,691
up €140,691 (+100.9%), from €139,468 to €280,159
- Taxes +€34,821
up €34,821 (+112.0%), from €31,087 to €65,907
- Financial income -€4,205
down €4,205 (-79.1%), from €5,315 to €1,110
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 | €337,569 | €325,486 | -€12,083 | -3.6% |
| Fixed assets | 21/28 | €13,900 | €9,512 | -€4,388 | -31.6% |
| Intangible fixed assets | 21 | €488 | - | -€488 | |
| Tangible fixed assets | 22/27 | €13,232 | €9,332 | -€3,900 | -29.5% |
| Plant, machinery and equipment | 23 | €1,700 | €922 | -€778 | -45.8% |
| Furniture and vehicles | 24 | €6,453 | €4,663 | -€1,790 | -27.7% |
| Other tangible fixed assets | 26 | €5,079 | €3,747 | -€1,331 | -26.2% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €323,669 | €315,974 | -€7,695 | -2.4% |
| Amounts receivable within one year | 40/41 | €143,619 | €200,204 | +€56,585 | +39.4% |
| Trade receivables | 40 | - | €150,204 | +€150,204 | |
| Other amounts receivable | 41 | €143,619 | €50,000 | -€93,619 | -65.2% |
| Cash at bank and in hand | 54/58 | €179,960 | €115,770 | -€64,190 | -35.7% |
| Deferred charges and accrued income | 490/1 | €90 | - | -€90 | |
| Total equity and liabilities | 10/49 | €337,569 | €325,486 | -€12,083 | -3.6% |
| Equity | 10/15 | €176,142 | €16,745 | -€159,397 | -90.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,642 | €14,245 | -€159,397 | -91.8% |
| Amounts payable | 17/49 | €161,427 | €308,741 | +€147,314 | +91.3% |
| Amounts payable within one year | 42/48 | €161,427 | €308,741 | +€147,314 | +91.3% |
| Trade debts | 44 | €1,697 | €2,424 | +€727 | +42.8% |
| Suppliers | 440/4 | €1,697 | €2,424 | +€727 | +42.8% |
| Taxes, remuneration and social security | 45 | €49,591 | €43,300 | -€6,290 | -12.7% |
| Taxes | 450/3 | €49,591 | €43,300 | -€6,290 | -12.7% |
| Other amounts payable | 47/48 | €110,140 | €263,017 | +€152,877 | +138.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,354 | €4,388 | -€966 | -18.0% |
| Other operating charges | 640/8 | €1,475 | €1,117 | -€357 | -24.2% |
| Gross operating margin | 9900 | €139,468 | €280,159 | +€140,691 | +100.9% |
| Operating profit (loss) | 9901 | €132,639 | €274,653 | +€142,014 | +107.1% |
| Financial income | 75/76B | €5,315 | €1,110 | -€4,205 | -79.1% |
| Recurring financial income | 75 | €5,315 | €1,110 | -€4,205 | -79.1% |
| Financial charges | 65/66B | €614 | €611 | -€3 | -0.5% |
| Recurring financial charges | 65 | €614 | €611 | -€3 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €137,340 | €275,152 | +€137,812 | +100.3% |
| Income taxes | 67/77 | €31,087 | €65,907 | +€34,821 | +112.0% |
| Profit (loss) for the period | 9904 | €106,254 | €209,245 | +€102,991 | +96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,254 | €209,245 | +€102,991 | +96.9% |
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 30 September 2026 via checked.be.