TELE WATTé: 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 WATTé
Largest movements
- Receivables within one year -€303,893
down €303,893 (-83.2%), from €365,441 to €61,548
of which Other amounts receivable: -€299,847
- Cash +€251,245
up €251,245 (+353.3%), from €71,113 to €322,358
mainly Receivables within one year (+€303,893) and Depreciation (+€227,667)
- Tangible fixed assets -€203,883
down €203,883 (-15.1%), from €1.4m to €1.1m
of which Land and buildings: -€141,026
- Other debts -€506,381
down €506,381 (-67.4%), from €751,768 to €245,386
- Short-term financial debts +€200,000
new in 2025: €200,000
- Reserves +€75,779
up €75,779 (+19.9%), from €380,383 to €456,162
- Depreciation -€31,540
down €31,540 (-12.2%), from €259,207 to €227,667
- Gross operating margin +€22,985
up €22,985 (+6.3%), from €363,865 to €386,850
- Taxes +€21,896
up €21,896 (+157.1%), from €13,937 to €35,833
- Financial charges -€6,912
down €6,912 (-12.6%), from €54,647 to €47,735
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 | €1,791,429 | €1,533,387 | -€258,043 | -14.4% |
| Fixed assets | 21/28 | €1,352,469 | €1,148,586 | -€203,883 | -15.1% |
| Tangible fixed assets | 22/27 | €1,352,469 | €1,148,586 | -€203,883 | -15.1% |
| Land and buildings | 22 | €1,041,301 | €900,275 | -€141,026 | -13.5% |
| Plant, machinery and equipment | 23 | €202,981 | €178,465 | -€24,516 | -12.1% |
| Furniture and vehicles | 24 | €108,187 | €69,846 | -€38,340 | -35.4% |
| Current assets | 29/58 | €438,960 | €384,801 | -€54,160 | -12.3% |
| Amounts receivable within one year | 40/41 | €365,441 | €61,548 | -€303,893 | -83.2% |
| Trade receivables | 40 | €63,960 | €59,914 | -€4,046 | -6.3% |
| Other amounts receivable | 41 | €301,482 | €1,634 | -€299,847 | -99.5% |
| Cash at bank and in hand | 54/58 | €71,113 | €322,358 | +€251,245 | +353.3% |
| Deferred charges and accrued income | 490/1 | €2,406 | €894 | -€1,512 | -62.8% |
| Total equity and liabilities | 10/49 | €1,791,429 | €1,533,387 | -€258,043 | -14.4% |
| Equity | 10/15 | €947,643 | €1,023,422 | +€75,779 | +8.0% |
| Contributions | 10/11 | €23,592 | €23,592 | = | 0.0% |
| Reserves | 13 | €380,383 | €456,162 | +€75,779 | +19.9% |
| Distributable reserves | 133 | €380,383 | €456,162 | +€75,779 | +19.9% |
| Profit (loss) carried forward | 14 | €543,668 | €543,668 | = | 0.0% |
| Amounts payable | 17/49 | €843,786 | €509,965 | -€333,821 | -39.6% |
| Amounts payable within one year | 42/48 | €813,786 | €492,465 | -€321,321 | -39.5% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Other loans | 439 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €26,033 | €13,006 | -€13,028 | -50.0% |
| Suppliers | 440/4 | €26,033 | €13,006 | -€13,028 | -50.0% |
| Taxes, remuneration and social security | 45 | €35,985 | €34,073 | -€1,912 | -5.3% |
| Taxes | 450/3 | €35,985 | €34,073 | -€1,912 | -5.3% |
| Other amounts payable | 47/48 | €751,768 | €245,386 | -€506,381 | -67.4% |
| Accrued charges and deferred income | 492/3 | €30,000 | €17,500 | -€12,500 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,207 | €227,667 | -€31,540 | -12.2% |
| Other operating charges | 640/8 | €5,086 | €4,218 | -€868 | -17.1% |
| Gross operating margin | 9900 | €363,865 | €386,850 | +€22,985 | +6.3% |
| Operating profit (loss) | 9901 | €99,573 | €154,966 | +€55,393 | +55.6% |
| Financial income | 75/76B | €2,693 | €4,381 | +€1,688 | +62.7% |
| Recurring financial income | 75 | €2,693 | €4,381 | +€1,688 | +62.7% |
| Financial charges | 65/66B | €54,647 | €47,735 | -€6,912 | -12.6% |
| Recurring financial charges | 65 | €54,647 | €47,735 | -€6,912 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €47,619 | €111,612 | +€63,993 | +134.4% |
| Income taxes | 67/77 | €13,937 | €35,833 | +€21,896 | +157.1% |
| Profit (loss) for the period | 9904 | €33,682 | €75,779 | +€42,097 | +125.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,682 | €75,779 | +€42,097 | +125.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.