TELESPHORE: 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.
TELESPHORE
Largest movements
- Tangible fixed assets -€39,983
down €39,983 (-80.3%), from €49,796 to €9,813
of which Plant, machinery and equipment: -€37,289
- Receivables within one year +€12,405
up €12,405 (+49.7%), from €24,974 to €37,379
of which Other amounts receivable: +€24,250
- Cash +€7,832
up €7,832 (+188.2%), from €4,162 to €11,994
mainly Net result for the year (+€50,887) and Investment in fixed assets (net) (+€36,648)
- Current investments -€7,231
down €7,231 (-10.4%), from €69,713 to €62,482
- Deferred charges and accrued income +€1,983
up €1,983 (+47.6%), from €4,167 to €6,151
- Tax, wage and social debts -€20,548
down €20,548 (-78.8%), from €26,079 to €5,531
- Debts after one year -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Accrued charges and deferred income +€6,668
new in 2025: €6,668
- Current portion of long-term debt -€2,114
down €2,114 (-100.0%), from €2,114 to €0
- Gross operating margin -€14,763
down €14,763 (-12.6%), from €117,307 to €102,544
- Depreciation -€12,924
down €12,924 (-79.5%), from €16,260 to €3,336
- Taxes -€3,162
down €3,162 (-15.7%), from €20,124 to €16,962
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 | €152,813 | €127,819 | -€24,995 | -16.4% |
| Fixed assets | 21/28 | €49,796 | €9,813 | -€39,983 | -80.3% |
| Tangible fixed assets | 22/27 | €49,796 | €9,813 | -€39,983 | -80.3% |
| Plant, machinery and equipment | 23 | €38,638 | €1,349 | -€37,289 | -96.5% |
| Furniture and vehicles | 24 | €11,159 | €8,464 | -€2,694 | -24.1% |
| Current assets | 29/58 | €103,017 | €118,006 | +€14,989 | +14.5% |
| Amounts receivable within one year | 40/41 | €24,974 | €37,379 | +€12,405 | +49.7% |
| Trade receivables | 40 | €19,845 | €8,000 | -€11,845 | -59.7% |
| Other amounts receivable | 41 | €5,129 | €29,379 | +€24,250 | +472.8% |
| Current investments | 50/53 | €69,713 | €62,482 | -€7,231 | -10.4% |
| Cash at bank and in hand | 54/58 | €4,162 | €11,994 | +€7,832 | +188.2% |
| Deferred charges and accrued income | 490/1 | €4,167 | €6,151 | +€1,983 | +47.6% |
| Total equity and liabilities | 10/49 | €152,813 | €127,819 | -€24,995 | -16.4% |
| Equity | 10/15 | €101,545 | €102,432 | +€887 | +0.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,545 | €97,432 | +€887 | +0.9% |
| Amounts payable | 17/49 | €51,268 | €25,386 | -€25,881 | -50.5% |
| Amounts payable after more than one year | 17 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts payable | 178/9 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts payable within one year | 42/48 | €41,268 | €18,718 | -€22,550 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €2,114 | €0 | -€2,114 | -100.0% |
| Financial debts | 43 | €2,484 | €2,149 | -€335 | -13.5% |
| Credit institutions | 430/8 | €2,484 | €2,149 | -€335 | -13.5% |
| Trade debts | 44 | €2,100 | €2,378 | +€278 | +13.3% |
| Suppliers | 440/4 | €2,100 | €2,378 | +€278 | +13.3% |
| Taxes, remuneration and social security | 45 | €26,079 | €5,531 | -€20,548 | -78.8% |
| Taxes | 450/3 | €26,079 | €5,531 | -€20,548 | -78.8% |
| Other amounts payable | 47/48 | €8,490 | €8,659 | +€169 | +2.0% |
| Accrued charges and deferred income | 492/3 | - | €6,668 | +€6,668 | |
| Non-recurring operating income | 76A | €398 | €0 | -€398 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,260 | €3,336 | -€12,924 | -79.5% |
| Other operating charges | 640/8 | €661 | €434 | -€227 | -34.3% |
| Non-recurring operating charges | 66A | - | €30,638 | +€30,638 | |
| Gross operating margin | 9900 | €117,307 | €102,544 | -€14,763 | -12.6% |
| Operating profit (loss) | 9901 | €100,386 | €68,136 | -€32,250 | -32.1% |
| Financial income | 75/76B | €317 | €882 | +€564 | +177.7% |
| Recurring financial income | 75 | €317 | €882 | +€564 | +177.7% |
| Financial charges | 65/66B | €633 | €1,169 | +€535 | +84.5% |
| Recurring financial charges | 65 | €633 | €1,169 | +€535 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €100,070 | €67,849 | -€32,221 | -32.2% |
| Income taxes | 67/77 | €20,124 | €16,962 | -€3,162 | -15.7% |
| Profit (loss) for the period | 9904 | €79,945 | €50,887 | -€29,059 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,945 | €50,887 | -€29,059 | -36.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.