TELIKA: 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.
TELIKA
Largest movements
- Tangible fixed assets +€254,554
up €254,554 (+3.7%), from €6.9m to €7.1m
- Cash -€152,241
down €152,241 (-51.2%), from €297,622 to €145,381
mainly Debts after one year (-€1.3m) and Investment in fixed assets (net) (-€830,321)
- Reserves +€1.4m
up €1.4m (+140.7%), from €963,499 to €2.3m
of which Tax-exempt reserves: +€985,907
- Debts after one year -€1.3m
down €1.3m (-20.2%), from €6.3m to €5.0m
of which Financial debts: -€1.3m
- Revaluation surpluses -€369,737
down €369,737 (-11.5%), from €3.2m to €2.9m
- Other debts +€351,740
up €351,740 (+261.1%), from €134,729 to €486,468
- Provisions +€328,636
up €328,636 (+260.9%), from €125,971 to €454,607
- Financial income +€213,004
up €213,004 (+18.5%), from €1.2m to €1.4m
of which Non-recurring financial income: +€212,966
- Gross operating margin -€89,460
down €89,460 (-10.3%), from €867,600 to €778,140
- Depreciation +€45,597
up €45,597 (+8.7%), from €525,502 to €571,099
- Financial charges +€33,498
up €33,498 (+12.1%), from €275,744 to €309,242
of which Financial charges: +€33,398
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 | €7,685,449 | €7,792,324 | +€106,875 | +1.4% |
| Fixed assets | 21/28 | €7,328,291 | €7,587,512 | +€259,221 | +3.5% |
| Tangible fixed assets | 22/27 | €6,893,394 | €7,147,948 | +€254,554 | +3.7% |
| Land and buildings | 22 | €6,893,394 | €7,147,948 | +€254,554 | +3.7% |
| Financial fixed assets | 28 | €434,897 | €439,564 | +€4,667 | +1.1% |
| Current assets | 29/58 | €357,158 | €204,812 | -€152,346 | -42.7% |
| Amounts receivable within one year | 40/41 | €59,536 | €59,431 | -€105 | -0.2% |
| Trade receivables | 40 | - | €336 | +€336 | |
| Other amounts receivable | 41 | €59,536 | €59,095 | -€441 | -0.7% |
| Cash at bank and in hand | 54/58 | €297,622 | €145,381 | -€152,241 | -51.2% |
| Total equity and liabilities | 10/49 | €7,685,449 | €7,792,324 | +€106,875 | +1.4% |
| Equity | 10/15 | €771,248 | €1,595,467 | +€824,219 | +106.9% |
| Contributions | 10/11 | €202,395 | €202,395 | = | 0.0% |
| Capital | 10 | €202,395 | €202,395 | = | 0.0% |
| Issued capital | 100 | €202,395 | €202,395 | = | 0.0% |
| Revaluation surpluses | 12 | €3,223,230 | €2,853,493 | -€369,737 | -11.5% |
| Reserves | 13 | €963,499 | €2,319,143 | +€1.4m | +140.7% |
| Tax-exempt reserves | 132 | €377,914 | €1,363,821 | +€985,907 | +260.9% |
| Distributable reserves | 133 | €585,586 | €955,322 | +€369,737 | +63.1% |
| Profit (loss) carried forward | 14 | -€3,617,876 | -€3,779,564 | -€161,688 | -4.5% |
| Provisions and deferred taxes | 16 | €125,971 | €454,607 | +€328,636 | +260.9% |
| Deferred taxes | 168 | €125,971 | €454,607 | +€328,636 | +260.9% |
| Amounts payable | 17/49 | €6,788,229 | €5,742,250 | -€1.0m | -15.4% |
| Amounts payable after more than one year | 17 | €6,255,605 | €4,990,622 | -€1.3m | -20.2% |
| Financial debts | 170/4 | €5,837,436 | €4,573,854 | -€1.3m | -21.6% |
| Other amounts payable | 178/9 | €418,169 | €416,769 | -€1,400 | -0.3% |
| Amounts payable within one year | 42/48 | €532,624 | €751,628 | +€219,004 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €396,391 | €259,924 | -€136,466 | -34.4% |
| Trade debts | 44 | €167 | - | -€167 | |
| Suppliers | 440/4 | €167 | - | -€167 | |
| Taxes, remuneration and social security | 45 | €1,338 | €5,235 | +€3,897 | +291.3% |
| Taxes | 450/3 | €1,338 | €5,235 | +€3,897 | +291.3% |
| Other amounts payable | 47/48 | €134,729 | €486,468 | +€351,740 | +261.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525,502 | €571,099 | +€45,597 | +8.7% |
| Other operating charges | 640/8 | €111,160 | €107,297 | -€3,863 | -3.5% |
| Gross operating margin | 9900 | €867,600 | €778,140 | -€89,460 | -10.3% |
| Operating profit (loss) | 9901 | €230,937 | €99,743 | -€131,194 | -56.8% |
| Financial income | 75/76B | €1,150,288 | €1,363,292 | +€213,004 | +18.5% |
| Recurring financial income | 75 | €1,622 | €1,660 | +€38 | +2.3% |
| Non-recurring financial income | 76B | €1,148,666 | €1,361,632 | +€212,966 | +18.5% |
| Financial charges | 65/66B | €275,744 | €309,242 | +€33,498 | +12.1% |
| Recurring financial charges | 65 | €275,744 | €309,142 | +€33,398 | +12.1% |
| Non-recurring financial charges | 66B | - | €100 | +€100 | |
| Profit (loss) for the period before taxes | 9903 | €1,105,481 | €1,153,793 | +€48,312 | +4.4% |
| Transfer from deferred taxes | 780 | - | €11,341 | +€11,341 | |
| Transfer to deferred taxes | 680 | €125,971 | €339,977 | +€214,005 | +169.9% |
| Income taxes | 67/77 | - | €939 | +€939 | |
| Profit (loss) for the period | 9904 | €979,510 | €824,219 | -€155,292 | -15.9% |
| Transfer from tax-exempt reserves | 789 | - | €34,024 | +€34,024 | |
| Transfer to tax-exempt reserves | 689 | €377,914 | €1,019,930 | +€642,016 | +169.9% |
| Profit (loss) for the period to be appropriated | 9905 | €601,596 | -€161,688 | -€763,284 |
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 3 October 2026 via checked.be.