TELE-ACTION: 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.
TELE-ACTION
Largest movements
- Cash +€549,352
up €549,352 (+848.8%), from €64,723 to €614,075
mainly Net result for the year (+€444,939) and Receivables after one year (+€400,000)
- Receivables after one year -€400,000
down €400,000 (-61.5%), from €650,000 to €250,000
- Tangible fixed assets +€232,052
up €232,052 (+38.6%), from €601,379 to €833,431
of which Plant, machinery and equipment: +€249,618
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year -€29,170
down €29,170 (-21.6%), from €135,346 to €106,176
of which Other amounts receivable: -€27,827
- Reserves +€444,089
up €444,089 (+40.2%), from €1.1m to €1.5m
of which Distributable reserves: +€444,117
- Other debts -€214,893
down €214,893 (-98.8%), from €217,413 to €2,520
- Gross operating margin +€453,010
up €453,010 (+129.6%), from €349,568 to €802,578
- Taxes +€141,519
up €141,519 (+237.8%), from €59,503 to €201,021
- Financial income -€15,257
down €15,257 (-44.4%), from €34,355 to €19,098
of which Non-recurring financial income: -€11,232
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 | €1,607,723 | €1,831,804 | +€224,081 | +13.9% |
| Fixed assets | 21/28 | €601,649 | €833,701 | +€232,052 | +38.6% |
| Tangible fixed assets | 22/27 | €601,379 | €833,431 | +€232,052 | +38.6% |
| Land and buildings | 22 | €263,200 | €244,400 | -€18,800 | -7.1% |
| Plant, machinery and equipment | 23 | €262,670 | €512,288 | +€249,618 | +95.0% |
| Furniture and vehicles | 24 | €68,172 | €72,728 | +€4,556 | +6.7% |
| Other tangible fixed assets | 26 | €7,337 | €4,015 | -€3,322 | -45.3% |
| Financial fixed assets | 28 | €271 | €271 | = | 0.0% |
| Current assets | 29/58 | €1,006,074 | €998,103 | -€7,971 | -0.8% |
| Amounts receivable after more than one year | 29 | €650,000 | €250,000 | -€400,000 | -61.5% |
| Trade receivables | 290 | €650,000 | €250,000 | -€400,000 | -61.5% |
| Amounts receivable within one year | 40/41 | €135,346 | €106,176 | -€29,170 | -21.6% |
| Trade receivables | 40 | €107,519 | €106,176 | -€1,343 | -1.2% |
| Other amounts receivable | 41 | €27,827 | - | -€27,827 | |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €64,723 | €614,075 | +€549,352 | +848.8% |
| Deferred charges and accrued income | 490/1 | €6,004 | €27,852 | +€21,848 | +363.9% |
| Total equity and liabilities | 10/49 | €1,607,723 | €1,831,804 | +€224,081 | +13.9% |
| Equity | 10/15 | €1,335,827 | €1,779,917 | +€444,089 | +33.2% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €1,105,422 | €1,549,511 | +€444,089 | +40.2% |
| Tax-exempt reserves | 132 | €28 | - | -€28 | |
| Distributable reserves | 133 | €1,105,395 | €1,549,511 | +€444,117 | +40.2% |
| Profit (loss) carried forward | 14 | €5,405 | €5,405 | = | 0.0% |
| Provisions and deferred taxes | 16 | €14 | - | -€14 | |
| Deferred taxes | 168 | €14 | - | -€14 | |
| Amounts payable | 17/49 | €271,881 | €51,888 | -€219,993 | -80.9% |
| Amounts payable within one year | 42/48 | €271,881 | €51,888 | -€219,993 | -80.9% |
| Trade debts | 44 | €5,159 | €1,081 | -€4,078 | -79.0% |
| Suppliers | 440/4 | €5,159 | €1,081 | -€4,078 | -79.0% |
| Taxes, remuneration and social security | 45 | €49,309 | €48,287 | -€1,022 | -2.1% |
| Taxes | 450/3 | €38,292 | €45,323 | +€7,031 | +18.4% |
| Remuneration and social security | 454/9 | €11,017 | €2,964 | -€8,054 | -73.1% |
| Other amounts payable | 47/48 | €217,413 | €2,520 | -€214,893 | -98.8% |
| Non-recurring operating income | 76A | €1,830 | €17,544 | +€15,714 | +858.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,793 | €160,867 | -€927 | -0.6% |
| Other operating charges | 640/8 | €12,974 | €13,925 | +€951 | +7.3% |
| Gross operating margin | 9900 | €349,568 | €802,578 | +€453,010 | +129.6% |
| Operating profit (loss) | 9901 | €174,800 | €627,786 | +€452,985 | +259.1% |
| Financial income | 75/76B | €34,355 | €19,098 | -€15,257 | -44.4% |
| Recurring financial income | 75 | €23,123 | €19,098 | -€4,025 | -17.4% |
| Non-recurring financial income | 76B | €11,232 | - | -€11,232 | |
| Financial charges | 65/66B | €868 | €938 | +€69 | +8.0% |
| Recurring financial charges | 65 | €868 | €938 | +€69 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €208,287 | €645,946 | +€437,659 | +210.1% |
| Transfer from deferred taxes | 780 | €21 | €14 | -€6 | -30.7% |
| Income taxes | 67/77 | €59,503 | €201,021 | +€141,519 | +237.8% |
| Profit (loss) for the period | 9904 | €148,805 | €444,939 | +€296,134 | +199.0% |
| Transfer from tax-exempt reserves | 789 | €40 | €28 | -€12 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €148,845 | €444,967 | +€296,122 | +198.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.