TELESOLA: 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.
TELESOLA
Largest movements
- Tangible fixed assets +€33,035
new in 2025: €33,035
- Cash -€21,077
down €21,077 (-21.3%), from €98,937 to €77,860
mainly Investment in fixed assets (net) (-€38,644) and Other debts (-€30,978)
- Receivables within one year +€11,848
up €11,848 (+119%), from €9,959 to €21,807
- Profit (loss) carried forward +€32,858
up €32,858 (+98.9%), from €33,212 to €66,071
- Other debts -€30,978
down €30,978 (-74.1%), from €41,799 to €10,822
- Trade debts +€11,915
up €11,915 (+18,136%), from €66 to €11,981
- Tax, wage and social debts +€9,709
up €9,709 (+34.6%), from €28,089 to €37,799
- Gross operating margin -€21,436
down €21,436 (-26.8%), from €80,072 to €58,636
- Taxes -€7,089
down €7,089 (-33.0%), from €21,505 to €14,415
- Depreciation +€5,609
new in 2025: €5,609
- Other operating charges +€4,698
up €4,698 (+515%), from €912 to €5,611
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 | €109,367 | €132,872 | +€23,505 | +21.5% |
| Fixed assets | 21/28 | €170 | €33,205 | +€33,035 | +19,432% |
| Tangible fixed assets | 22/27 | - | €33,035 | +€33,035 | |
| Furniture and vehicles | 24 | - | €33,035 | +€33,035 | |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €109,197 | €99,667 | -€9,530 | -8.7% |
| Amounts receivable within one year | 40/41 | €9,959 | €21,807 | +€11,848 | +119% |
| Trade receivables | 40 | €9,959 | €21,807 | +€11,848 | +119% |
| Cash at bank and in hand | 54/58 | €98,937 | €77,860 | -€21,077 | -21.3% |
| Deferred charges and accrued income | 490/1 | €300 | - | -€300 | |
| Total equity and liabilities | 10/49 | €109,367 | €132,872 | +€23,505 | +21.5% |
| Equity | 10/15 | €39,412 | €72,271 | +€32,858 | +83.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,212 | €66,071 | +€32,858 | +98.9% |
| Amounts payable | 17/49 | €69,954 | €60,601 | -€9,353 | -13.4% |
| Amounts payable within one year | 42/48 | €69,954 | €60,601 | -€9,353 | -13.4% |
| Trade debts | 44 | €66 | €11,981 | +€11,915 | +18,136% |
| Suppliers | 440/4 | €66 | €11,981 | +€11,915 | +18,136% |
| Taxes, remuneration and social security | 45 | €28,089 | €37,799 | +€9,709 | +34.6% |
| Taxes | 450/3 | €28,089 | €37,799 | +€9,709 | +34.6% |
| Other amounts payable | 47/48 | €41,799 | €10,822 | -€30,978 | -74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,609 | +€5,609 | |
| Other operating charges | 640/8 | €912 | €5,611 | +€4,698 | +515% |
| Gross operating margin | 9900 | €80,072 | €58,636 | -€21,436 | -26.8% |
| Operating profit (loss) | 9901 | €79,160 | €47,416 | -€31,744 | -40.1% |
| Financial charges | 65/66B | €384 | €143 | -€241 | -62.8% |
| Recurring financial charges | 65 | €384 | €143 | -€241 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €78,776 | €47,273 | -€31,503 | -40.0% |
| Income taxes | 67/77 | €21,505 | €14,415 | -€7,089 | -33.0% |
| Profit (loss) for the period | 9904 | €57,271 | €32,858 | -€24,413 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,271 | €32,858 | -€24,413 | -42.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.