TELESEMINAR: 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.
TELESEMINAR
Largest movements
- Receivables after one year +€27,100
up €27,100 (+71.5%), from €37,900 to €65,000
- Intangible fixed assets +€14,918
up €14,918 (+22.0%), from €67,742 to €82,660
- Receivables within one year -€10,347
down €10,347 (-16.3%), from €63,334 to €52,986
of which Trade receivables: -€14,120
- Tangible fixed assets -€5,755
down €5,755 (-73.4%), from €7,836 to €2,082
of which Leasing and similar rights: -€4,336
- Stocks and contracts -€2,548
down €2,548 (-24.3%), from €10,500 to €7,952
- Debts after one year +€11,756
up €11,756 (+35.7%), from €32,971 to €44,727
- Tax, wage and social debts +€9,705
up €9,705 (+149%), from €6,501 to €16,206
of which Taxes: +€10,849
- Trade debts +€6,855
up €6,855 (+289%), from €2,374 to €9,229
- Profit (loss) carried forward -€6,186
down €6,186 (-20.9%), from €29,639 to €23,453
- Current portion of long-term debt +€5,063
up €5,063 (+15.8%), from €32,073 to €37,136
- Taxes -€7,295
down €7,295 (-94.3%), from €7,734 to €438
- Turnover -€4,420
down €4,420 (-3.2%), from €137,654 to €133,234
- Staff costs +€3,250
up €3,250 (+6.8%), from €47,795 to €51,045
- Financial charges -€3,141
down €3,141 (-44.0%), from €7,138 to €3,997
- Other operating charges -€2,414
down €2,414 (-73.3%), from €3,293 to €879
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 | €194,782 | €217,793 | +€23,011 | +11.8% |
| Fixed assets | 21/28 | €75,578 | €84,742 | +€9,163 | +12.1% |
| Intangible fixed assets | 21 | €67,742 | €82,660 | +€14,918 | +22.0% |
| Tangible fixed assets | 22/27 | €7,836 | €2,082 | -€5,755 | -73.4% |
| Leasing and similar rights | 25 | €4,989 | €653 | -€4,336 | -86.9% |
| Other tangible fixed assets | 26 | €2,847 | €1,429 | -€1,418 | -49.8% |
| Current assets | 29/58 | €119,203 | €133,051 | +€13,848 | +11.6% |
| Amounts receivable after more than one year | 29 | €37,900 | €65,000 | +€27,100 | +71.5% |
| Other amounts receivable | 291 | €37,900 | €65,000 | +€27,100 | +71.5% |
| Stocks and contracts in progress | 3 | €10,500 | €7,952 | -€2,548 | -24.3% |
| Stocks | 30/36 | €10,500 | €7,952 | -€2,548 | -24.3% |
| Amounts receivable within one year | 40/41 | €63,334 | €52,986 | -€10,347 | -16.3% |
| Trade receivables | 40 | €32,890 | €18,770 | -€14,120 | -42.9% |
| Other amounts receivable | 41 | €30,444 | €34,217 | +€3,773 | +12.4% |
| Cash at bank and in hand | 54/58 | €6,344 | €5,987 | -€357 | -5.6% |
| Deferred charges and accrued income | 490/1 | €1,126 | €1,126 | = | 0.0% |
| Total equity and liabilities | 10/49 | €194,782 | €217,793 | +€23,011 | +11.8% |
| Equity | 10/15 | €97,839 | €91,653 | -€6,186 | -6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,639 | €23,453 | -€6,186 | -20.9% |
| Amounts payable | 17/49 | €96,943 | €126,140 | +€29,197 | +30.1% |
| Amounts payable after more than one year | 17 | €32,971 | €44,727 | +€11,756 | +35.7% |
| Financial debts | 170/4 | €32,971 | €44,727 | +€11,756 | +35.7% |
| Amounts payable within one year | 42/48 | €63,323 | €80,965 | +€17,642 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €32,073 | €37,136 | +€5,063 | +15.8% |
| Trade debts | 44 | €2,374 | €9,229 | +€6,855 | +289% |
| Suppliers | 440/4 | €2,374 | €9,229 | +€6,855 | +289% |
| Taxes, remuneration and social security | 45 | €6,501 | €16,206 | +€9,705 | +149% |
| Taxes | 450/3 | €1,874 | €12,723 | +€10,849 | +579% |
| Remuneration and social security | 454/9 | €4,627 | €3,483 | -€1,144 | -24.7% |
| Other amounts payable | 47/48 | €22,375 | €18,394 | -€3,982 | -17.8% |
| Accrued charges and deferred income | 492/3 | €648 | €447 | -€201 | -31.0% |
| Turnover | 70 | €137,654 | €133,234 | -€4,420 | -3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €60,500 | €58,862 | -€1,638 | -2.7% |
| Remuneration, social security and pensions | 62 | €47,795 | €51,045 | +€3,250 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,524 | €25,187 | -€338 | -1.3% |
| Other operating charges | 640/8 | €3,293 | €879 | -€2,414 | -73.3% |
| Gross operating margin | 9900 | €77,770 | €75,360 | -€2,410 | -3.1% |
| Operating profit (loss) | 9901 | €1,158 | -€1,751 | -€2,909 | |
| Financial income | 75/76B | €681 | €0 | -€681 | -100.0% |
| Recurring financial income | 75 | €681 | €0 | -€681 | -100.0% |
| Non-recurring financial income | 76B | €681 | €0 | -€681 | -100.0% |
| Financial charges | 65/66B | €7,138 | €3,997 | -€3,141 | -44.0% |
| Recurring financial charges | 65 | €7,138 | €3,997 | -€3,141 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,298 | -€5,747 | -€449 | -8.5% |
| Income taxes | 67/77 | €7,734 | €438 | -€7,295 | -94.3% |
| Profit (loss) for the period | 9904 | -€13,032 | -€6,186 | +€6,846 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,032 | -€6,186 | +€6,846 | +52.5% |
Source: filed annual accounts (NBB), financial years ended 30 July 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.