TELICT: 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.
TELICT
Largest movements
- Current investments -€811,332
no longer reported in 2025 (was €811,332)
- Cash +€766,304
up €766,304 (+166.0%), from €461,739 to €1.2m
mainly Current investments (+€811,332) and Receivables within one year (+€61,746)
- Receivables within one year -€61,746
down €61,746 (-28.4%), from €217,053 to €155,307
of which Trade receivables: -€35,514
- Tangible fixed assets -€29,736
down €29,736 (-27.8%), from €107,053 to €77,317
of which Furniture and vehicles: -€15,411
- Other debts -€167,392
down €167,392 (-77.2%), from €216,924 to €49,532
- Reserves +€55,000
up €55,000 (+5.6%), from €981,189 to €1.0m
- Trade debts -€26,587
down €26,587 (-40.8%), from €65,135 to €38,548
- Gross operating margin -€59,882
down €59,882 (-38.8%), from €154,477 to €94,595
- Taxes -€22,243
down €22,243 (-48.2%), from €46,131 to €23,888
- Financial income -€7,870
down €7,870 (-24.4%), from €32,312 to €24,442
- Financial charges -€2,303
down €2,303 (-73.0%), from €3,155 to €853
- Depreciation +€1,832
up €1,832 (+6.6%), from €27,904 to €29,736
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 | €1,608,157 | €1,472,225 | -€135,932 | -8.5% |
| Fixed assets | 21/28 | €107,053 | €77,317 | -€29,736 | -27.8% |
| Tangible fixed assets | 22/27 | €107,053 | €77,317 | -€29,736 | -27.8% |
| Land and buildings | 22 | €7,140 | €6,829 | -€310 | -4.3% |
| Furniture and vehicles | 24 | €43,854 | €28,443 | -€15,411 | -35.1% |
| Leasing and similar rights | 25 | €56,059 | €42,044 | -€14,015 | -25.0% |
| Current assets | 29/58 | €1,501,104 | €1,394,908 | -€106,196 | -7.1% |
| Stocks and contracts in progress | 3 | €10,231 | €10,247 | +€16 | +0.2% |
| Stocks | 30/36 | €10,231 | €10,247 | +€16 | +0.2% |
| Amounts receivable within one year | 40/41 | €217,053 | €155,307 | -€61,746 | -28.4% |
| Trade receivables | 40 | €187,392 | €151,878 | -€35,514 | -19.0% |
| Other amounts receivable | 41 | €29,662 | €3,430 | -€26,232 | -88.4% |
| Current investments | 50/53 | €811,332 | - | -€811,332 | |
| Cash at bank and in hand | 54/58 | €461,739 | €1,228,043 | +€766,304 | +166.0% |
| Deferred charges and accrued income | 490/1 | €749 | €1,311 | +€562 | +75.0% |
| Total equity and liabilities | 10/49 | €1,608,157 | €1,472,225 | -€135,932 | -8.5% |
| Equity | 10/15 | €1,306,278 | €1,367,298 | +€61,020 | +4.7% |
| Contributions | 10/11 | €24,610 | €24,610 | = | 0.0% |
| Reserves | 13 | €981,189 | €1,036,189 | +€55,000 | +5.6% |
| Distributable reserves | 133 | €981,189 | €1,036,189 | +€55,000 | +5.6% |
| Profit (loss) carried forward | 14 | €300,479 | €306,499 | +€6,020 | +2.0% |
| Amounts payable | 17/49 | €301,879 | €104,927 | -€196,952 | -65.2% |
| Amounts payable within one year | 42/48 | €301,879 | €104,927 | -€196,952 | -65.2% |
| Trade debts | 44 | €65,135 | €38,548 | -€26,587 | -40.8% |
| Suppliers | 440/4 | €65,135 | €38,548 | -€26,587 | -40.8% |
| Advances received on contracts in progress | 46 | €1,500 | €1,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,319 | €15,347 | -€2,972 | -16.2% |
| Taxes | 450/3 | €12,462 | €7,332 | -€5,131 | -41.2% |
| Remuneration and social security | 454/9 | €5,857 | €8,015 | +€2,158 | +36.8% |
| Other amounts payable | 47/48 | €216,924 | €49,532 | -€167,392 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,904 | €29,736 | +€1,832 | +6.6% |
| Other operating charges | 640/8 | €3,693 | €3,540 | -€153 | -4.1% |
| Gross operating margin | 9900 | €154,477 | €94,595 | -€59,882 | -38.8% |
| Operating profit (loss) | 9901 | €122,880 | €61,319 | -€61,561 | -50.1% |
| Financial income | 75/76B | €32,312 | €24,442 | -€7,870 | -24.4% |
| Recurring financial income | 75 | €32,312 | €24,442 | -€7,870 | -24.4% |
| Financial charges | 65/66B | €3,155 | €853 | -€2,303 | -73.0% |
| Recurring financial charges | 65 | €3,155 | €853 | -€2,303 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | €152,037 | €84,908 | -€67,129 | -44.2% |
| Income taxes | 67/77 | €46,131 | €23,888 | -€22,243 | -48.2% |
| Profit (loss) for the period | 9904 | €105,906 | €61,020 | -€44,887 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,906 | €61,020 | -€44,887 | -42.4% |
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 10 October 2026 via checked.be.