Telesys: 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.
Telesys
Largest movements
- Cash -€11,269
down €11,269 (-61.0%), from €18,475 to €7,206
mainly Receivables within one year (-€9,869) and Other debts (-€5,832)
- Receivables within one year +€9,869
up €9,869 (+202.0%), from €4,885 to €14,754
of which Trade receivables: +€6,869
- Tangible fixed assets -€1,274
down €1,274 (-19.9%), from €6,396 to €5,122
of which Furniture and vehicles: -€643
- Profit (loss) carried forward +€6,407
up €6,407 (+29.2%), from -€21,962 to -€15,555
- Other debts -€5,832
down €5,832 (-18.6%), from €31,326 to €25,494
- Trade debts -€2,651
down €2,651 (-40.1%), from €6,610 to €3,960
- Tax, wage and social debts -€584
down €584 (-57.3%), from €1,020 to €436
- Gross operating margin +€2,004
up €2,004 (+29.7%), from €6,749 to €8,753
- Financial charges -€471
down €471 (-91.3%), from €516 to €45
of which Non-recurring financial charges: -€458
- Other operating charges +€206
up €206 (+25.1%), from €821 to €1,028
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 | €30,217 | €27,556 | -€2,660 | -8.8% |
| Fixed assets | 21/28 | €6,396 | €5,122 | -€1,274 | -19.9% |
| Tangible fixed assets | 22/27 | €6,396 | €5,122 | -€1,274 | -19.9% |
| Furniture and vehicles | 24 | €1,211 | €568 | -€643 | -53.1% |
| Other tangible fixed assets | 26 | €5,185 | €4,554 | -€631 | -12.2% |
| Current assets | 29/58 | €23,820 | €22,434 | -€1,386 | -5.8% |
| Amounts receivable within one year | 40/41 | €4,885 | €14,754 | +€9,869 | +202.0% |
| Trade receivables | 40 | €4,885 | €11,754 | +€6,869 | +140.6% |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €18,475 | €7,206 | -€11,269 | -61.0% |
| Deferred charges and accrued income | 490/1 | €460 | €474 | +€14 | +3.1% |
| Total equity and liabilities | 10/49 | €30,217 | €27,556 | -€2,660 | -8.8% |
| Equity | 10/15 | -€8,740 | -€2,333 | +€6,407 | +73.3% |
| Contributions | 10/11 | €6,222 | €6,222 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,962 | -€15,555 | +€6,407 | +29.2% |
| Amounts payable | 17/49 | €38,957 | €29,889 | -€9,067 | -23.3% |
| Amounts payable within one year | 42/48 | €38,957 | €29,889 | -€9,067 | -23.3% |
| Trade debts | 44 | €6,610 | €3,960 | -€2,651 | -40.1% |
| Suppliers | 440/4 | €6,610 | €3,960 | -€2,651 | -40.1% |
| Taxes, remuneration and social security | 45 | €1,020 | €436 | -€584 | -57.3% |
| Taxes | 450/3 | €1,020 | €436 | -€584 | -57.3% |
| Other amounts payable | 47/48 | €31,326 | €25,494 | -€5,832 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,351 | €1,274 | -€77 | -5.7% |
| Other operating charges | 640/8 | €821 | €1,028 | +€206 | +25.1% |
| Gross operating margin | 9900 | €6,749 | €8,753 | +€2,004 | +29.7% |
| Operating profit (loss) | 9901 | €4,576 | €6,451 | +€1,875 | +41.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +3666.7% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3666.7% |
| Financial charges | 65/66B | €516 | €45 | -€471 | -91.3% |
| Recurring financial charges | 65 | €58 | €45 | -€13 | -22.0% |
| Non-recurring financial charges | 66B | €458 | - | -€458 | |
| Profit (loss) for the period before taxes | 9903 | €4,060 | €6,407 | +€2,347 | +57.8% |
| Profit (loss) for the period | 9904 | €4,060 | €6,407 | +€2,347 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,060 | €6,407 | +€2,347 | +57.8% |
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 1 October 2026 via checked.be.