TELEGA: 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.
TELEGA
Largest movements
- Cash +€463,733
up €463,733 (+191%), from €242,592 to €706,325
mainly Net result for the year (+€343,606) and Deferred charges and accrued income (+€146,608)
- Deferred charges and accrued income -€146,608
down €146,608 (-41.0%), from €357,844 to €211,236
- Tangible fixed assets -€56,909
down €56,909 (-5.5%), from €1.0m to €982,718
of which Other tangible fixed assets: -€51,836
- Reserves +€341,746
up €341,746 (+56.4%), from €605,517 to €947,264
of which Distributable reserves: +€343,606
- Contributions -€184,140
down €184,140 (-95.8%), from €192,200 to €8,060
- Tax, wage and social debts +€91,791
up €91,791 (+108%), from €85,334 to €177,126
- Debts after one year +€36,928
up €36,928 (+5.6%), from €653,681 to €690,610
- Profit (loss) carried forward -€28,937
down €28,937 (-100%), from €28,937 to €0
- Gross operating margin -€78,153
down €78,153 (-11.8%), from €664,672 to €586,519
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 | €1,640,063 | €1,900,279 | +€260,216 | +15.9% |
| Fixed assets | 21/28 | €1,039,627 | €982,718 | -€56,909 | -5.5% |
| Tangible fixed assets | 22/27 | €1,039,627 | €982,718 | -€56,909 | -5.5% |
| Land and buildings | 22 | €115,167 | €110,093 | -€5,074 | -4.4% |
| Other tangible fixed assets | 26 | €924,460 | €872,625 | -€51,836 | -5.6% |
| Current assets | 29/58 | €600,436 | €917,562 | +€317,125 | +52.8% |
| Cash at bank and in hand | 54/58 | €242,592 | €706,325 | +€463,733 | +191% |
| Deferred charges and accrued income | 490/1 | €357,844 | €211,236 | -€146,608 | -41.0% |
| Total equity and liabilities | 10/49 | €1,640,063 | €1,900,279 | +€260,216 | +15.9% |
| Equity | 10/15 | €826,654 | €955,324 | +€128,670 | +15.6% |
| Contributions | 10/11 | €192,200 | €8,060 | -€184,140 | -95.8% |
| Reserves | 13 | €605,517 | €947,264 | +€341,746 | +56.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €603,657 | €947,264 | +€343,606 | +56.9% |
| Profit (loss) carried forward | 14 | €28,937 | €0 | -€28,937 | -100% |
| Amounts payable | 17/49 | €813,409 | €944,956 | +€131,546 | +16.2% |
| Amounts payable after more than one year | 17 | €653,681 | €690,610 | +€36,928 | +5.6% |
| Financial debts | 170/4 | €653,681 | €690,610 | +€36,928 | +5.6% |
| Amounts payable within one year | 42/48 | €159,728 | €254,346 | +€94,618 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €74,394 | €76,123 | +€1,729 | +2.3% |
| Trade debts | 44 | - | €1,097 | +€1,097 | |
| Suppliers | 440/4 | - | €1,097 | +€1,097 | |
| Taxes, remuneration and social security | 45 | €85,334 | €177,126 | +€91,791 | +108% |
| Taxes | 450/3 | €85,334 | €177,126 | +€91,791 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,773 | €56,909 | +€1,137 | +2.0% |
| Other operating charges | 640/8 | €443 | €1,164 | +€721 | +163% |
| Gross operating margin | 9900 | €664,672 | €586,519 | -€78,153 | -11.8% |
| Operating profit (loss) | 9901 | €608,457 | €528,446 | -€80,011 | -13.1% |
| Financial income | 75/76B | €7,815 | €3,053 | -€4,762 | -60.9% |
| Recurring financial income | 75 | €7,815 | €3,053 | -€4,762 | -60.9% |
| Financial charges | 65/66B | €21,075 | €19,448 | -€1,627 | -7.7% |
| Recurring financial charges | 65 | €21,075 | €19,448 | -€1,627 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €595,197 | €512,051 | -€83,146 | -14.0% |
| Income taxes | 67/77 | €167,409 | €168,444 | +€1,035 | +0.6% |
| Profit (loss) for the period | 9904 | €427,788 | €343,606 | -€84,182 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €427,788 | €343,606 | -€84,182 | -19.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.