TELINVEST: 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.
TELINVEST
Largest movements
- Tangible fixed assets -€4,533
down €4,533 (-4.3%), from €105,595 to €101,062
of which Land and buildings: -€3,905
- Profit (loss) carried forward -€4,533
down €4,533 (-14.2%), from €32,010 to €27,476
- Depreciation -€4,533
down €4,533 (-50.0%), from €9,067 to €4,533
- Purchases and services +€2,885
up €2,885 (+197%), from €1,461 to €4,346
- Turnover +€2,061
up €2,061 (+62.5%), from €3,298 to €5,359
- Gross operating margin -€824
down €824 (-44.8%), from €1,837 to €1,014
- Other operating charges -€824
down €824 (-44.8%), from €1,837 to €1,014
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 | €105,603 | €101,070 | -€4,533 | -4.3% |
| Fixed assets | 21/28 | €105,595 | €101,062 | -€4,533 | -4.3% |
| Tangible fixed assets | 22/27 | €105,595 | €101,062 | -€4,533 | -4.3% |
| Land and buildings | 22 | €104,967 | €101,062 | -€3,905 | -3.7% |
| Furniture and vehicles | 24 | €628 | - | -€628 | |
| Current assets | 29/58 | €8 | €8 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8 | €8 | = | 0.0% |
| Total equity and liabilities | 10/49 | €105,603 | €101,070 | -€4,533 | -4.3% |
| Equity | 10/15 | €52,415 | €47,881 | -€4,533 | -8.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,010 | €27,476 | -€4,533 | -14.2% |
| Amounts payable | 17/49 | €53,189 | €53,189 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,189 | €53,189 | = | 0.0% |
| Other amounts payable | 47/48 | €53,189 | €53,189 | = | 0.0% |
| Turnover | 70 | €3,298 | €5,359 | +€2,061 | +62.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,461 | €4,346 | +€2,885 | +197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,067 | €4,533 | -€4,533 | -50.0% |
| Other operating charges | 640/8 | €1,837 | €1,014 | -€824 | -44.8% |
| Gross operating margin | 9900 | €1,837 | €1,014 | -€824 | -44.8% |
| Operating profit (loss) | 9901 | -€9,067 | -€4,533 | +€4,533 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,067 | -€4,533 | +€4,533 | +50.0% |
| Profit (loss) for the period | 9904 | -€9,067 | -€4,533 | +€4,533 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,067 | -€4,533 | +€4,533 | +50.0% |
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 28 October 2026 via checked.be.