Teliros: 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.
Teliros
Largest movements
- Receivables within one year +€18,502
up €18,502 (+118%), from €15,666 to €34,168
of which Trade receivables: +€9,507
- Cash +€1,601
up €1,601 (+2.1%), from €75,423 to €77,024
mainly Net result for the year (+€30,615) and Depreciation (+€1,501)
- Tangible fixed assets +€1,176
up €1,176 (+42.7%), from €2,753 to €3,929
- Reserves +€30,615
up €30,615 (+49.2%), from €62,266 to €92,881
- Tax, wage and social debts -€10,145
down €10,145 (-40.8%), from €24,847 to €14,702
- Gross operating margin +€10,573
up €10,573 (+33.1%), from €31,923 to €42,496
- Taxes +€3,705
up €3,705 (+57.0%), from €6,500 to €10,205
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 | €93,842 | €115,121 | +€21,279 | +22.7% |
| Fixed assets | 21/28 | €2,753 | €3,929 | +€1,176 | +42.7% |
| Tangible fixed assets | 22/27 | €2,753 | €3,929 | +€1,176 | +42.7% |
| Furniture and vehicles | 24 | €2,753 | €3,929 | +€1,176 | +42.7% |
| Current assets | 29/58 | €91,089 | €111,192 | +€20,103 | +22.1% |
| Amounts receivable within one year | 40/41 | €15,666 | €34,168 | +€18,502 | +118% |
| Trade receivables | 40 | €11,235 | €20,742 | +€9,507 | +84.6% |
| Other amounts receivable | 41 | €4,431 | €13,425 | +€8,995 | +203% |
| Cash at bank and in hand | 54/58 | €75,423 | €77,024 | +€1,601 | +2.1% |
| Total equity and liabilities | 10/49 | €93,842 | €115,121 | +€21,279 | +22.7% |
| Equity | 10/15 | €68,266 | €98,881 | +€30,615 | +44.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €62,266 | €92,881 | +€30,615 | +49.2% |
| Distributable reserves | 133 | €62,266 | €92,881 | +€30,615 | +49.2% |
| Amounts payable | 17/49 | €25,576 | €16,240 | -€9,336 | -36.5% |
| Amounts payable within one year | 42/48 | €25,576 | €16,240 | -€9,336 | -36.5% |
| Trade debts | 44 | €729 | €1,539 | +€810 | +111% |
| Suppliers | 440/4 | €729 | €1,539 | +€810 | +111% |
| Taxes, remuneration and social security | 45 | €24,847 | €14,702 | -€10,145 | -40.8% |
| Taxes | 450/3 | €24,847 | €14,702 | -€10,145 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,371 | €1,501 | +€130 | +9.5% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €31,923 | €42,496 | +€10,573 | +33.1% |
| Operating profit (loss) | 9901 | €30,551 | €40,875 | +€10,324 | +33.8% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €30,497 | €40,820 | +€10,322 | +33.8% |
| Income taxes | 67/77 | €6,500 | €10,205 | +€3,705 | +57.0% |
| Profit (loss) for the period | 9904 | €23,997 | €30,615 | +€6,617 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,997 | €30,615 | +€6,617 | +27.6% |
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 13 October 2026 via checked.be.