Teles: 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.
Teles
Largest movements
- Cash +€199,821
up €199,821 (+143.6%), from €139,122 to €338,943
mainly Net result for the year (+€112,824) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Reserves +€112,824
up €112,824 (+52.8%), from €213,814 to €326,638
- Debts after one year -€10,779
down €10,779 (-69.4%), from €15,539 to €4,761
- Taxes -€7,050
down €7,050 (-18.0%), from €39,187 to €32,137
- Gross operating margin +€6,885
up €6,885 (+4.5%), from €152,299 to €159,184
- Financial income +€3,202
new in 2025: €3,202
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 | €290,453 | €391,895 | +€101,443 | +34.9% |
| Fixed assets | 21/28 | €27,288 | €27,212 | -€77 | -0.3% |
| Tangible fixed assets | 22/27 | €27,288 | €27,212 | -€77 | -0.3% |
| Furniture and vehicles | 24 | €25,656 | €11,336 | -€14,321 | -55.8% |
| Other tangible fixed assets | 26 | €1,632 | €15,876 | +€14,244 | +872.9% |
| Current assets | 29/58 | €263,164 | €364,684 | +€101,519 | +38.6% |
| Amounts receivable within one year | 40/41 | €20,949 | €23,595 | +€2,646 | +12.6% |
| Trade receivables | 40 | €18,900 | €18,990 | +€90 | +0.5% |
| Other amounts receivable | 41 | €2,049 | €4,605 | +€2,556 | +124.8% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €139,122 | €338,943 | +€199,821 | +143.6% |
| Deferred charges and accrued income | 490/1 | €3,094 | €2,146 | -€948 | -30.7% |
| Total equity and liabilities | 10/49 | €290,453 | €391,895 | +€101,443 | +34.9% |
| Equity | 10/15 | €216,814 | €329,638 | +€112,824 | +52.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €213,814 | €326,638 | +€112,824 | +52.8% |
| Distributable reserves | 133 | €213,814 | €326,638 | +€112,824 | +52.8% |
| Amounts payable | 17/49 | €73,639 | €62,257 | -€11,382 | -15.5% |
| Amounts payable after more than one year | 17 | €15,539 | €4,761 | -€10,779 | -69.4% |
| Financial debts | 170/4 | €15,539 | €4,761 | -€10,779 | -69.4% |
| Amounts payable within one year | 42/48 | €58,100 | €57,497 | -€603 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €10,571 | €10,779 | +€207 | +2.0% |
| Trade debts | 44 | €2,333 | €1,299 | -€1,035 | -44.3% |
| Suppliers | 440/4 | €2,333 | €1,299 | -€1,035 | -44.3% |
| Taxes, remuneration and social security | 45 | €44,362 | €45,419 | +€1,057 | +2.4% |
| Taxes | 450/3 | €44,282 | €45,259 | +€977 | +2.2% |
| Remuneration and social security | 454/9 | €80 | €160 | +€80 | +100.0% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,051 | €15,522 | +€1,471 | +10.5% |
| Other operating charges | 640/8 | €166 | €266 | +€100 | +60.4% |
| Non-recurring operating charges | 66A | €865 | - | -€865 | |
| Gross operating margin | 9900 | €152,299 | €159,184 | +€6,885 | +4.5% |
| Operating profit (loss) | 9901 | €137,218 | €143,397 | +€6,180 | +4.5% |
| Financial income | 75/76B | - | €3,202 | +€3,202 | |
| Recurring financial income | 75 | - | €3,202 | +€3,202 | |
| Financial charges | 65/66B | €1,832 | €1,638 | -€194 | -10.6% |
| Recurring financial charges | 65 | €1,832 | €1,638 | -€194 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €135,386 | €144,962 | +€9,576 | +7.1% |
| Income taxes | 67/77 | €39,187 | €32,137 | -€7,050 | -18.0% |
| Profit (loss) for the period | 9904 | €96,198 | €112,824 | +€16,626 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,198 | €112,824 | +€16,626 | +17.3% |
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 30 September 2026 via checked.be.