TELLA: 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.
TELLA
Largest movements
- Receivables within one year -€13,833
down €13,833 (-50.2%), from €27,532 to €13,699
of which Trade receivables: -€8,172
- Tangible fixed assets -€11,491
down €11,491 (-1.4%), from €826,242 to €814,752
of which Furniture and vehicles: -€10,173
- Other debts -€41,967
down €41,967 (-9.4%), from €446,092 to €404,125
- Accrued charges and deferred income +€12,238
up €12,238 (+9816.8%), from €125 to €12,362
- Financial charges +€17,682
up €17,682 (+346.5%), from €5,103 to €22,784
- Depreciation -€9,508
down €9,508 (-23.8%), from €39,920 to €30,412
- Gross operating margin +€6,429
up €6,429 (+10.4%), from €61,777 to €68,206
- Other operating charges -€4,887
down €4,887 (-38.3%), from €12,762 to €7,875
- Financial income -€1,268
down €1,268 (-98.5%), from €1,288 to €19
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 | €970,555 | €953,072 | -€17,482 | -1.8% |
| Fixed assets | 21/28 | €931,627 | €920,136 | -€11,491 | -1.2% |
| Tangible fixed assets | 22/27 | €826,242 | €814,752 | -€11,491 | -1.4% |
| Land and buildings | 22 | €810,135 | €808,817 | -€1,317 | -0.2% |
| Furniture and vehicles | 24 | €16,108 | €5,934 | -€10,173 | -63.2% |
| Financial fixed assets | 28 | €105,385 | €105,385 | = | 0.0% |
| Current assets | 29/58 | €38,928 | €32,936 | -€5,991 | -15.4% |
| Stocks and contracts in progress | 3 | - | €2,090 | +€2,090 | |
| Stocks | 30/36 | - | €2,090 | +€2,090 | |
| Amounts receivable within one year | 40/41 | €27,532 | €13,699 | -€13,833 | -50.2% |
| Trade receivables | 40 | €19,499 | €11,326 | -€8,172 | -41.9% |
| Other amounts receivable | 41 | €8,033 | €2,372 | -€5,661 | -70.5% |
| Cash at bank and in hand | 54/58 | €7,710 | €12,684 | +€4,973 | +64.5% |
| Deferred charges and accrued income | 490/1 | €3,685 | €4,464 | +€779 | +21.1% |
| Total equity and liabilities | 10/49 | €970,555 | €953,072 | -€17,482 | -1.8% |
| Equity | 10/15 | €426,781 | €433,385 | +€6,604 | +1.5% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Capital | 10 | €93,600 | €93,600 | = | 0.0% |
| Issued capital | 100 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €496,813 | €496,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,360 | €9,360 | = | 0.0% |
| Legal reserve | 130 | €9,360 | €9,360 | = | 0.0% |
| Distributable reserves | 133 | €487,453 | €487,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,632 | -€157,028 | +€6,604 | +4.0% |
| Amounts payable | 17/49 | €543,774 | €519,687 | -€24,086 | -4.4% |
| Amounts payable after more than one year | 17 | €76,479 | €75,778 | -€701 | -0.9% |
| Financial debts | 170/4 | €76,479 | €75,778 | -€701 | -0.9% |
| Amounts payable within one year | 42/48 | €467,170 | €431,547 | -€35,623 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €15,766 | €20,614 | +€4,848 | +30.7% |
| Financial debts | 43 | €1,065 | €0 | -€1,065 | -100.0% |
| Credit institutions | 430/8 | €1,065 | €0 | -€1,065 | -100.0% |
| Trade debts | 44 | €3,476 | €961 | -€2,515 | -72.3% |
| Suppliers | 440/4 | €3,476 | €961 | -€2,515 | -72.3% |
| Taxes, remuneration and social security | 45 | €771 | €5,847 | +€5,076 | +658.6% |
| Taxes | 450/3 | €771 | €5,847 | +€5,076 | +658.6% |
| Other amounts payable | 47/48 | €446,092 | €404,125 | -€41,967 | -9.4% |
| Accrued charges and deferred income | 492/3 | €125 | €12,362 | +€12,238 | +9816.8% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,920 | €30,412 | -€9,508 | -23.8% |
| Other operating charges | 640/8 | €12,762 | €7,875 | -€4,887 | -38.3% |
| Gross operating margin | 9900 | €61,777 | €68,206 | +€6,429 | +10.4% |
| Operating profit (loss) | 9901 | €9,094 | €29,918 | +€20,824 | +229.0% |
| Financial income | 75/76B | €1,288 | €19 | -€1,268 | -98.5% |
| Recurring financial income | 75 | €1,288 | €19 | -€1,268 | -98.5% |
| Financial charges | 65/66B | €5,103 | €22,784 | +€17,682 | +346.5% |
| Recurring financial charges | 65 | €5,103 | €22,784 | +€17,682 | +346.5% |
| Profit (loss) for the period before taxes | 9903 | €5,279 | €7,153 | +€1,874 | +35.5% |
| Income taxes | 67/77 | €1,066 | €549 | -€517 | -48.5% |
| Profit (loss) for the period | 9904 | €4,213 | €6,604 | +€2,391 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,213 | €6,604 | +€2,391 | +56.8% |
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 7 October 2026 via checked.be.