Telesto: 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.
Telesto
Largest movements
- Current investments +€48,223
up €48,223 (+8.1%), from €596,492 to €644,716
- Receivables within one year -€27,738
down €27,738 (-46.3%), from €59,846 to €32,108
of which Trade receivables: -€33,026
- Tangible fixed assets -€18,699
down €18,699 (-26.0%), from €71,997 to €53,297
of which Furniture and vehicles: -€18,184
- Tax, wage and social debts -€53,693
down €53,693 (-93.8%), from €57,251 to €3,558
of which Taxes: -€53,711
- Reserves +€38,192
up €38,192 (+5.3%), from €716,141 to €754,333
of which Distributable reserves: +€38,192
- Other debts +€14,663
up €14,663 (+10.4%), from €140,701 to €155,365
- Gross operating margin +€52,461
up €52,461 (+34.4%), from €152,640 to €205,101
- Financial income +€40,104
up €40,104 (+128.1%), from €31,296 to €71,400
- Taxes +€17,657
up €17,657 (+37.4%), from €47,260 to €64,917
- Financial charges +€2,373
up €2,373 (+1212.3%), from €196 to €2,569
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 | €931,724 | €930,801 | -€923 | -0.1% |
| Fixed assets | 21/28 | €71,997 | €53,297 | -€18,699 | -26.0% |
| Tangible fixed assets | 22/27 | €71,997 | €53,297 | -€18,699 | -26.0% |
| Plant, machinery and equipment | 23 | €2,320 | €1,805 | -€515 | -22.2% |
| Furniture and vehicles | 24 | €69,676 | €51,492 | -€18,184 | -26.1% |
| Current assets | 29/58 | €859,727 | €877,504 | +€17,777 | +2.1% |
| Amounts receivable within one year | 40/41 | €59,846 | €32,108 | -€27,738 | -46.3% |
| Trade receivables | 40 | €59,845 | €26,818 | -€33,026 | -55.2% |
| Other amounts receivable | 41 | €1 | €5,290 | +€5,289 | +380471.9% |
| Current investments | 50/53 | €596,492 | €644,716 | +€48,223 | +8.1% |
| Cash at bank and in hand | 54/58 | €203,359 | €200,630 | -€2,729 | -1.3% |
| Deferred charges and accrued income | 490/1 | €30 | €50 | +€20 | +68.0% |
| Total equity and liabilities | 10/49 | €931,724 | €930,801 | -€923 | -0.1% |
| Equity | 10/15 | €733,141 | €771,333 | +€38,192 | +5.2% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €716,141 | €754,333 | +€38,192 | +5.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €716,141 | €754,333 | +€38,192 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €198,583 | €159,468 | -€39,115 | -19.7% |
| Amounts payable within one year | 42/48 | €198,138 | €159,452 | -€38,687 | -19.5% |
| Trade debts | 44 | €186 | €529 | +€343 | +184.1% |
| Suppliers | 440/4 | €186 | €529 | +€343 | +184.1% |
| Taxes, remuneration and social security | 45 | €57,251 | €3,558 | -€53,693 | -93.8% |
| Taxes | 450/3 | €54,112 | €401 | -€53,711 | -99.3% |
| Remuneration and social security | 454/9 | €3,139 | €3,157 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €140,701 | €155,365 | +€14,663 | +10.4% |
| Accrued charges and deferred income | 492/3 | €444 | €16 | -€428 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,475 | €20,954 | +€480 | +2.3% |
| Other operating charges | 640/8 | €37 | €387 | +€350 | +948.6% |
| Gross operating margin | 9900 | €152,640 | €205,101 | +€52,461 | +34.4% |
| Operating profit (loss) | 9901 | €132,128 | €183,760 | +€51,631 | +39.1% |
| Financial income | 75/76B | €31,296 | €71,400 | +€40,104 | +128.1% |
| Recurring financial income | 75 | €31,296 | €71,400 | +€40,104 | +128.1% |
| Financial charges | 65/66B | €196 | €2,569 | +€2,373 | +1212.3% |
| Recurring financial charges | 65 | €196 | €2,569 | +€2,373 | +1212.3% |
| Profit (loss) for the period before taxes | 9903 | €163,228 | €252,591 | +€89,362 | +54.7% |
| Income taxes | 67/77 | €47,260 | €64,917 | +€17,657 | +37.4% |
| Profit (loss) for the period | 9904 | €115,968 | €187,673 | +€71,705 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,968 | €187,673 | +€71,705 | +61.8% |
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 3 October 2026 via checked.be.