TELEMIS: 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.
TELEMIS
Largest movements
- Intangible fixed assets -€87,581
down €87,581 (-5.9%), from €1.5m to €1.4m
- Cash -€52,086
down €52,086 (-17.2%), from €303,510 to €251,424
mainly Investment in fixed assets (net) (-€850,875) and Accrued charges and deferred income (-€135,854)
- Accrued charges and deferred income -€135,854
down €135,854 (-7.4%), from €1.8m to €1.7m
- Trade debts +€134,740
up €134,740 (+46.8%), from €287,749 to €422,489
- Profit (loss) carried forward -€113,427
down €113,427 (-13.2%), from €859,458 to €746,031
- Other debts -€75,000
down €75,000 (-8.6%), from €875,000 to €800,000
- Depreciation -€80,732
down €80,732 (-7.7%), from €1.1m to €970,164
- Gross operating margin +€60,621
up €60,621 (+2.3%), from €2.6m to €2.7m
- Taxes +€47,096
up €47,096 (+82.5%), from -€57,052 to -€9,956
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,518,781 | €4,326,747 | -€192,034 | -4.2% |
| Fixed assets | 21/28 | €1,533,677 | €1,414,388 | -€119,289 | -7.8% |
| Intangible fixed assets | 21 | €1,472,711 | €1,385,130 | -€87,581 | -5.9% |
| Tangible fixed assets | 22/27 | €50,816 | €19,108 | -€31,708 | -62.4% |
| Plant, machinery and equipment | 23 | €44,967 | €14,143 | -€30,824 | -68.5% |
| Furniture and vehicles | 24 | €5,311 | €4,075 | -€1,236 | -23.3% |
| Other tangible fixed assets | 26 | €538 | €890 | +€352 | +65.4% |
| Financial fixed assets | 28 | €10,150 | €10,150 | = | 0.0% |
| Current assets | 29/58 | €2,985,104 | €2,912,359 | -€72,745 | -2.4% |
| Stocks and contracts in progress | 3 | €4,698 | €4,673 | -€25 | -0.5% |
| Stocks | 30/36 | €4,698 | €4,673 | -€25 | -0.5% |
| Amounts receivable within one year | 40/41 | €2,422,221 | €2,390,393 | -€31,828 | -1.3% |
| Trade receivables | 40 | €2,300,475 | €2,258,690 | -€41,785 | -1.8% |
| Other amounts receivable | 41 | €121,746 | €131,703 | +€9,957 | +8.2% |
| Cash at bank and in hand | 54/58 | €303,510 | €251,424 | -€52,086 | -17.2% |
| Deferred charges and accrued income | 490/1 | €254,675 | €265,869 | +€11,194 | +4.4% |
| Total equity and liabilities | 10/49 | €4,518,781 | €4,326,747 | -€192,034 | -4.2% |
| Equity | 10/15 | €1,072,809 | €959,382 | -€113,427 | -10.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €151,851 | €151,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €145,701 | €145,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | €859,458 | €746,031 | -€113,427 | -13.2% |
| Amounts payable | 17/49 | €3,445,972 | €3,367,365 | -€78,607 | -2.3% |
| Amounts payable within one year | 42/48 | €1,607,164 | €1,664,411 | +€57,247 | +3.6% |
| Trade debts | 44 | €287,749 | €422,489 | +€134,740 | +46.8% |
| Suppliers | 440/4 | €287,749 | €422,489 | +€134,740 | +46.8% |
| Taxes, remuneration and social security | 45 | €444,415 | €441,922 | -€2,493 | -0.6% |
| Taxes | 450/3 | €103,810 | €121,047 | +€17,237 | +16.6% |
| Remuneration and social security | 454/9 | €340,605 | €320,875 | -€19,730 | -5.8% |
| Other amounts payable | 47/48 | €875,000 | €800,000 | -€75,000 | -8.6% |
| Accrued charges and deferred income | 492/3 | €1,838,808 | €1,702,954 | -€135,854 | -7.4% |
| Non-recurring operating income | 76A | - | €20,985 | +€20,985 | |
| Remuneration, social security and pensions | 62 | €1,765,495 | €1,784,727 | +€19,232 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050,896 | €970,164 | -€80,732 | -7.7% |
| Other operating charges | 640/8 | €3,016 | €5,264 | +€2,248 | +74.5% |
| Gross operating margin | 9900 | €2,627,785 | €2,688,406 | +€60,621 | +2.3% |
| Operating profit (loss) | 9901 | -€191,622 | -€71,749 | +€119,873 | +62.6% |
| Financial income | 75/76B | €68 | €730 | +€662 | +973.5% |
| Recurring financial income | 75 | €68 | €730 | +€662 | +973.5% |
| Financial charges | 65/66B | €39,646 | €52,364 | +€12,718 | +32.1% |
| Recurring financial charges | 65 | €39,646 | €52,364 | +€12,718 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€231,200 | -€123,383 | +€107,817 | +46.6% |
| Income taxes | 67/77 | -€57,052 | -€9,956 | +€47,096 | +82.5% |
| Profit (loss) for the period | 9904 | -€174,148 | -€113,427 | +€60,721 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,148 | -€113,427 | +€60,721 | +34.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.