Telesto Solutions: 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 Solutions
Largest movements
- Receivables within one year -€221,395
no longer reported in 2025 (was €221,395)
of which Other amounts receivable: -€188,200
- Cash +€136,836
up €136,836 (+150%), from €90,923 to €227,759
mainly Receivables within one year (+€221,395) and Net result for the year (+€98,425)
- Tangible fixed assets -€57,864
down €57,864 (-8.1%), from €712,856 to €654,992
of which Land and buildings: -€30,286
- Debts after one year -€93,351
down €93,351 (-25.8%), from €361,172 to €267,821
- Other debts -€89,519
down €89,519 (-71.1%), from €125,967 to €36,447
- Reserves +€69,699
up €69,699 (+15.7%), from €442,892 to €512,591
- Tax, wage and social debts -€19,160
down €19,160 (-28.4%), from €67,391 to €48,231
- Depreciation +€14,494
up €14,494 (+32.5%), from €44,603 to €59,097
- Gross operating margin +€5,891
up €5,891 (+2.9%), from €202,834 to €208,724
- Financial income -€5,043
down €5,043 (-66.3%), from €7,603 to €2,560
- Taxes -€3,972
down €3,972 (-9.0%), from €44,097 to €40,125
- Financial charges -€2,515
down €2,515 (-16.7%), from €15,039 to €12,524
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 | €1,092,552 | €952,622 | -€139,930 | -12.8% |
| Fixed assets | 21/28 | €745,857 | €687,993 | -€57,864 | -7.8% |
| Tangible fixed assets | 22/27 | €712,856 | €654,992 | -€57,864 | -8.1% |
| Land and buildings | 22 | €591,274 | €560,987 | -€30,286 | -5.1% |
| Plant, machinery and equipment | 23 | €9,243 | €7,279 | -€1,963 | -21.2% |
| Furniture and vehicles | 24 | €109,495 | €84,592 | -€24,903 | -22.7% |
| Other tangible fixed assets | 26 | €2,845 | €2,133 | -€711 | -25.0% |
| Financial fixed assets | 28 | €33,001 | €33,001 | = | 0.0% |
| Current assets | 29/58 | €346,695 | €264,629 | -€82,066 | -23.7% |
| Amounts receivable within one year | 40/41 | €221,395 | - | -€221,395 | |
| Trade receivables | 40 | €33,194 | - | -€33,194 | |
| Other amounts receivable | 41 | €188,200 | - | -€188,200 | |
| Cash at bank and in hand | 54/58 | €90,923 | €227,759 | +€136,836 | +150% |
| Deferred charges and accrued income | 490/1 | €34,377 | €36,870 | +€2,492 | +7.2% |
| Total equity and liabilities | 10/49 | €1,092,552 | €952,622 | -€139,930 | -12.8% |
| Equity | 10/15 | €472,452 | €542,151 | +€69,699 | +14.8% |
| Contributions | 10/11 | €29,560 | €29,560 | = | 0.0% |
| Reserves | 13 | €442,892 | €512,591 | +€69,699 | +15.7% |
| Distributable reserves | 133 | €442,892 | €512,591 | +€69,699 | +15.7% |
| Amounts payable | 17/49 | €620,100 | €410,470 | -€209,629 | -33.8% |
| Amounts payable after more than one year | 17 | €361,172 | €267,821 | -€93,351 | -25.8% |
| Financial debts | 170/4 | €361,172 | €267,821 | -€93,351 | -25.8% |
| Amounts payable within one year | 42/48 | €248,380 | €131,675 | -€116,705 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €49,553 | €46,829 | -€2,724 | -5.5% |
| Trade debts | 44 | €5,470 | €167 | -€5,303 | -96.9% |
| Suppliers | 440/4 | €5,470 | €167 | -€5,303 | -96.9% |
| Taxes, remuneration and social security | 45 | €67,391 | €48,231 | -€19,160 | -28.4% |
| Taxes | 450/3 | €67,391 | €48,231 | -€19,160 | -28.4% |
| Other amounts payable | 47/48 | €125,967 | €36,447 | -€89,519 | -71.1% |
| Accrued charges and deferred income | 492/3 | €10,548 | €10,975 | +€427 | +4.0% |
| Non-recurring operating income | 76A | €25,620 | - | -€25,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,603 | €59,097 | +€14,494 | +32.5% |
| Other operating charges | 640/8 | €1,336 | €1,113 | -€222 | -16.6% |
| Gross operating margin | 9900 | €202,834 | €208,724 | +€5,891 | +2.9% |
| Operating profit (loss) | 9901 | €156,895 | €148,514 | -€8,381 | -5.3% |
| Financial income | 75/76B | €7,603 | €2,560 | -€5,043 | -66.3% |
| Recurring financial income | 75 | €7,603 | €2,560 | -€5,043 | -66.3% |
| Financial charges | 65/66B | €15,039 | €12,524 | -€2,515 | -16.7% |
| Recurring financial charges | 65 | €15,039 | €12,524 | -€2,515 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €149,459 | €138,550 | -€10,909 | -7.3% |
| Income taxes | 67/77 | €44,097 | €40,125 | -€3,972 | -9.0% |
| Profit (loss) for the period | 9904 | €105,362 | €98,425 | -€6,937 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,362 | €98,425 | -€6,937 | -6.6% |
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 16 October 2026 via checked.be.