Telesto Consulting: 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.
Telesto Consulting
Largest movements
- Cash +€71,031
up €71,031 (+73.8%), from €96,203 to €167,234
mainly Other debts (+€42,495) and Net result for the year (+€40,641)
- Receivables within one year -€14,778
down €14,778 (-28.0%), from €52,859 to €38,080
of which Trade receivables: -€14,944
- Tangible fixed assets -€7,078
down €7,078 (-20.7%), from €34,227 to €27,149
of which Other tangible fixed assets: -€3,768
- Current investments -€6,574
down €6,574 (-2.2%), from €296,537 to €289,963
- Other debts +€42,495
up €42,495 (+25.3%), from €167,726 to €210,221
- Gross operating margin +€27,186
up €27,186 (+54.3%), from €50,099 to €77,285
- Taxes +€12,606
up €12,606 (+128%), from €9,855 to €22,461
- Financial income +€1,262
up €1,262 (+47.0%), from €2,684 to €3,946
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 | €481,785 | €524,427 | +€42,642 | +8.9% |
| Fixed assets | 21/28 | €34,227 | €27,149 | -€7,078 | -20.7% |
| Tangible fixed assets | 22/27 | €34,227 | €27,149 | -€7,078 | -20.7% |
| Plant, machinery and equipment | 23 | €2,048 | €1,544 | -€505 | -24.6% |
| Furniture and vehicles | 24 | €6,891 | €4,085 | -€2,806 | -40.7% |
| Other tangible fixed assets | 26 | €25,288 | €21,521 | -€3,768 | -14.9% |
| Current assets | 29/58 | €447,558 | €497,278 | +€49,720 | +11.1% |
| Amounts receivable within one year | 40/41 | €52,859 | €38,080 | -€14,778 | -28.0% |
| Trade receivables | 40 | €37,359 | €22,415 | -€14,944 | -40.0% |
| Other amounts receivable | 41 | €15,500 | €15,665 | +€165 | +1.1% |
| Current investments | 50/53 | €296,537 | €289,963 | -€6,574 | -2.2% |
| Cash at bank and in hand | 54/58 | €96,203 | €167,234 | +€71,031 | +73.8% |
| Deferred charges and accrued income | 490/1 | €1,960 | €2,001 | +€41 | +2.1% |
| Total equity and liabilities | 10/49 | €481,785 | €524,427 | +€42,642 | +8.9% |
| Equity | 10/15 | €283,493 | €285,633 | +€2,141 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €226,115 | €228,115 | +€2,000 | +0.9% |
| Tax-exempt reserves | 132 | €12,915 | €12,915 | = | 0.0% |
| Distributable reserves | 133 | €213,200 | €215,200 | +€2,000 | +0.9% |
| Profit (loss) carried forward | 14 | €51,178 | €51,319 | +€141 | +0.3% |
| Amounts payable | 17/49 | €198,293 | €238,794 | +€40,501 | +20.4% |
| Amounts payable within one year | 42/48 | €189,985 | €229,878 | +€39,892 | +21.0% |
| Trade debts | 44 | €3,610 | €3,828 | +€218 | +6.1% |
| Suppliers | 440/4 | €3,610 | €3,828 | +€218 | +6.1% |
| Taxes, remuneration and social security | 45 | €18,649 | €15,828 | -€2,821 | -15.1% |
| Taxes | 450/3 | €18,649 | €15,828 | -€2,821 | -15.1% |
| Other amounts payable | 47/48 | €167,726 | €210,221 | +€42,495 | +25.3% |
| Accrued charges and deferred income | 492/3 | €8,307 | €8,916 | +€609 | +7.3% |
| Non-recurring operating income | 76A | - | €6,573 | +€6,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,753 | €7,941 | +€188 | +2.4% |
| Other operating charges | 640/8 | €1,225 | €1,035 | -€189 | -15.5% |
| Gross operating margin | 9900 | €50,099 | €77,285 | +€27,186 | +54.3% |
| Operating profit (loss) | 9901 | €41,121 | €68,309 | +€27,188 | +66.1% |
| Financial income | 75/76B | €2,684 | €3,946 | +€1,262 | +47.0% |
| Recurring financial income | 75 | €2,684 | €3,946 | +€1,262 | +47.0% |
| Financial charges | 65/66B | €8,529 | €9,154 | +€625 | +7.3% |
| Recurring financial charges | 65 | €8,529 | €9,136 | +€606 | +7.1% |
| Non-recurring financial charges | 66B | - | €19 | +€19 | |
| Profit (loss) for the period before taxes | 9903 | €35,276 | €63,101 | +€27,825 | +78.9% |
| Income taxes | 67/77 | €9,855 | €22,461 | +€12,606 | +128% |
| Profit (loss) for the period | 9904 | €25,421 | €40,641 | +€15,219 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,421 | €40,641 | +€15,219 | +59.9% |
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 19 October 2026 via checked.be.