TELE NAMUR: what changed
Two financial 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 NAMUR
Largest movements
- Tangible fixed assets -€80,151
down €80,151 (-4.6%), from €1.7m to €1.7m
of which Land and buildings: -€79,862
- Cash +€19,343
up €19,343 (+343%), from €5,637 to €24,980
mainly Depreciation (+€80,151) and Net result for the year (+€30,627)
- Other debts -€89,502
down €89,502 (-5.2%), from €1.7m to €1.6m
- Profit (loss) carried forward +€30,627
up €30,627 (+54.8%), from -€55,905 to -€25,278
- Gross operating margin +€47,531
up €47,531 (+35.6%), from €133,555 to €181,086
- Depreciation -€5,764
down €5,764 (-6.7%), from €85,915 to €80,151
- Staff costs +€5,202
up €5,202 (+18.5%), from €28,192 to €33,394
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.
Derived cash bridge
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 | €1,753,718 | €1,693,656 | -€60,062 | -3.4% |
| Fixed assets | 21/28 | €1,745,869 | €1,665,718 | -€80,151 | -4.6% |
| Tangible fixed assets | 22/27 | €1,745,869 | €1,665,718 | -€80,151 | -4.6% |
| Land and buildings | 22 | €1,745,326 | €1,665,464 | -€79,862 | -4.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €543 | €254 | -€289 | -53.2% |
| Current assets | 29/58 | €7,849 | €27,938 | +€20,089 | +256% |
| Cash at bank and in hand | 54/58 | €5,637 | €24,980 | +€19,343 | +343% |
| Deferred charges and accrued income | 490/1 | €2,212 | €2,958 | +€746 | +33.7% |
| Total equity and liabilities | 10/49 | €1,753,718 | €1,693,656 | -€60,062 | -3.4% |
| Equity | 10/15 | €25,900 | €56,527 | +€30,627 | +118% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,905 | -€25,278 | +€30,627 | +54.8% |
| Amounts payable | 17/49 | €1,727,819 | €1,637,130 | -€90,689 | -5.2% |
| Amounts payable after more than one year | 17 | €8,600 | €8,600 | = | 0.0% |
| Other amounts payable | 178/9 | €8,600 | €8,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,719,219 | €1,628,530 | -€90,689 | -5.3% |
| Trade debts | 44 | €156 | €306 | +€150 | +95.9% |
| Suppliers | 440/4 | €156 | €306 | +€150 | +95.9% |
| Taxes, remuneration and social security | 45 | €6,545 | €5,208 | -€1,337 | -20.4% |
| Taxes | 450/3 | €109 | €196 | +€87 | +79.3% |
| Remuneration and social security | 454/9 | €6,436 | €5,012 | -€1,424 | -22.1% |
| Other amounts payable | 47/48 | €1,712,517 | €1,623,016 | -€89,502 | -5.2% |
| Remuneration, social security and pensions | 62 | €28,192 | €33,394 | +€5,202 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,915 | €80,151 | -€5,764 | -6.7% |
| Other operating charges | 640/8 | €2,468 | €3,188 | +€720 | +29.2% |
| Gross operating margin | 9900 | €133,555 | €181,086 | +€47,531 | +35.6% |
| Operating profit (loss) | 9901 | €16,980 | €64,353 | +€47,373 | +279% |
| Financial charges | 65/66B | €34,990 | €33,726 | -€1,263 | -3.6% |
| Recurring financial charges | 65 | €34,990 | €33,726 | -€1,263 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,009 | €30,627 | +€48,636 | |
| Profit (loss) for the period | 9904 | -€18,009 | €30,627 | +€48,636 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,009 | €30,627 | +€48,636 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.