TELISSA: 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.
TELISSA
Largest movements
- Cash -€474,804
down €474,804 (-89.4%), from €530,988 to €56,183
mainly Debts after one year (-€4.2m) and Short-term financial debts (-€489,383)
- Debts after one year -€4.2m
down €4.2m (-42.9%), from €9.7m to €5.5m
- Current portion of long-term debt +€4.0m
up €4.0m (+2,612%), from €153,738 to €4.2m
- Short-term financial debts -€489,383
down €489,383 (-9.2%), from €5.3m to €4.8m
- Revaluation surpluses +€383,378
new in 2025: €383,378
- Financial charges -€534,401
down €534,401 (-61.0%), from €876,716 to €342,315
- Gross operating margin -€356,013
down €356,013 (-38.5%), from €925,822 to €569,809
- Depreciation +€269,954
up €269,954 (+554%), from €48,694 to €318,648
- Other operating charges +€26,005
new in 2025: €26,005
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 | €20,613,447 | €20,372,145 | -€241,302 | -1.2% |
| Fixed assets | 21/28 | €13,916,047 | €13,980,777 | +€64,730 | +0.5% |
| Tangible fixed assets | 22/27 | €13,916,047 | €13,980,777 | +€64,730 | +0.5% |
| Land and buildings | 22 | €13,916,047 | €13,980,777 | +€64,730 | +0.5% |
| Current assets | 29/58 | €6,697,400 | €6,391,368 | -€306,032 | -4.6% |
| Stocks and contracts in progress | 3 | €6,162,992 | €6,332,615 | +€169,623 | +2.8% |
| Stocks | 30/36 | €6,162,992 | €6,332,615 | +€169,623 | +2.8% |
| Amounts receivable within one year | 40/41 | - | €1,180 | +€1,180 | |
| Other amounts receivable | 41 | - | €1,180 | +€1,180 | |
| Cash at bank and in hand | 54/58 | €530,988 | €56,183 | -€474,804 | -89.4% |
| Deferred charges and accrued income | 490/1 | €3,420 | €1,390 | -€2,030 | -59.4% |
| Total equity and liabilities | 10/49 | €20,613,447 | €20,372,145 | -€241,302 | -1.2% |
| Equity | 10/15 | €7,439 | €273,658 | +€266,220 | +3,579% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Revaluation surpluses | 12 | - | €383,378 | +€383,378 | |
| Reserves | 13 | €1,139 | €0 | -€1,139 | -100% |
| Distributable reserves | 133 | €1,139 | €0 | -€1,139 | -100% |
| Profit (loss) carried forward | 14 | - | -€116,020 | -€116,020 | |
| Amounts payable | 17/49 | €20,606,008 | €20,098,487 | -€507,521 | -2.5% |
| Amounts payable after more than one year | 17 | €9,686,262 | €5,534,780 | -€4.2m | -42.9% |
| Financial debts | 170/4 | €9,686,262 | €5,534,780 | -€4.2m | -42.9% |
| Amounts payable within one year | 42/48 | €10,916,372 | €14,560,629 | +€3.6m | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €153,738 | €4,168,767 | +€4.0m | +2,612% |
| Financial debts | 43 | €5,309,383 | €4,820,000 | -€489,383 | -9.2% |
| Credit institutions | 430/8 | €5,309,383 | €4,820,000 | -€489,383 | -9.2% |
| Trade debts | 44 | €8,418 | €11,077 | +€2,659 | +31.6% |
| Suppliers | 440/4 | €8,418 | €11,077 | +€2,659 | +31.6% |
| Taxes, remuneration and social security | 45 | €103 | €773 | +€669 | +649% |
| Taxes | 450/3 | €103 | €773 | +€669 | +649% |
| Other amounts payable | 47/48 | €5,444,730 | €5,560,012 | +€115,282 | +2.1% |
| Accrued charges and deferred income | 492/3 | €3,374 | €3,078 | -€296 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,694 | €318,648 | +€269,954 | +554% |
| Other operating charges | 640/8 | - | €26,005 | +€26,005 | |
| Gross operating margin | 9900 | €925,822 | €569,809 | -€356,013 | -38.5% |
| Operating profit (loss) | 9901 | €877,128 | €225,156 | -€651,972 | -74.3% |
| Financial charges | 65/66B | €876,716 | €342,315 | -€534,401 | -61.0% |
| Recurring financial charges | 65 | €876,716 | €342,315 | -€534,401 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €413 | -€117,159 | -€117,571 | |
| Income taxes | 67/77 | €103 | €0 | -€103 | -100% |
| Profit (loss) for the period | 9904 | €310 | -€117,159 | -€117,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €310 | -€117,159 | -€117,468 |
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 30 October 2026 via checked.be.