TELLARI: 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.
TELLARI
Largest movements
- Cash +€18,388
up €18,388 (+556%), from €3,307 to €21,696
mainly Other debts (+€38,018) and Trade debts (+€19,794)
- Receivables within one year +€15,097
up €15,097 (+219%), from €6,879 to €21,977
of which Trade receivables: +€9,999
- Tangible fixed assets +€3,421
up €3,421 (+16.3%), from €21,041 to €24,463
- Other debts +€38,018
up €38,018 (+317%), from €12,012 to €50,030
- Tax, wage and social debts -€21,947
no longer reported in 2025 (was €21,947)
- Trade debts +€19,794
up €19,794 (+4,492%), from €441 to €20,234
- Profit (loss) carried forward +€1,042
up €1,042 (+18.4%), from -€5,671 to -€4,629
- Purchases and services +€124,229
up €124,229 (+300%), from €41,411 to €165,640
- Turnover +€105,805
up €105,805 (+146%), from €72,497 to €178,302
- Staff costs -€34,281
down €34,281 (-99.4%), from €34,493 to €212
- Gross operating margin -€18,424
down €18,424 (-59.3%), from €31,086 to €12,662
- Depreciation +€8,023
new in 2025: €8,023
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 | €31,228 | €68,135 | +€36,907 | +118% |
| Fixed assets | 21/28 | €21,041 | €24,463 | +€3,421 | +16.3% |
| Tangible fixed assets | 22/27 | €21,041 | €24,463 | +€3,421 | +16.3% |
| Furniture and vehicles | 24 | €21,041 | €24,463 | +€3,421 | +16.3% |
| Current assets | 29/58 | €10,187 | €43,672 | +€33,486 | +329% |
| Amounts receivable within one year | 40/41 | €6,879 | €21,977 | +€15,097 | +219% |
| Trade receivables | 40 | €4,716 | €14,715 | +€9,999 | +212% |
| Other amounts receivable | 41 | €2,163 | €7,261 | +€5,098 | +236% |
| Cash at bank and in hand | 54/58 | €3,307 | €21,696 | +€18,388 | +556% |
| Total equity and liabilities | 10/49 | €31,228 | €68,135 | +€36,907 | +118% |
| Equity | 10/15 | -€3,171 | -€2,129 | +€1,042 | +32.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,671 | -€4,629 | +€1,042 | +18.4% |
| Amounts payable | 17/49 | €34,399 | €70,265 | +€35,865 | +104% |
| Amounts payable within one year | 42/48 | €34,399 | €70,265 | +€35,865 | +104% |
| Trade debts | 44 | €441 | €20,234 | +€19,794 | +4,492% |
| Suppliers | 440/4 | €441 | €20,234 | +€19,794 | +4,492% |
| Taxes, remuneration and social security | 45 | €21,947 | - | -€21,947 | |
| Remuneration and social security | 454/9 | €21,947 | - | -€21,947 | |
| Other amounts payable | 47/48 | €12,012 | €50,030 | +€38,018 | +317% |
| Turnover | 70 | €72,497 | €178,302 | +€105,805 | +146% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,411 | €165,640 | +€124,229 | +300% |
| Remuneration, social security and pensions | 62 | €34,493 | €212 | -€34,281 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,023 | +€8,023 | |
| Other operating charges | 640/8 | €2,247 | €3,072 | +€825 | +36.7% |
| Gross operating margin | 9900 | €31,086 | €12,662 | -€18,424 | -59.3% |
| Operating profit (loss) | 9901 | -€5,654 | €1,355 | +€7,009 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €18 | €313 | +€295 | +1,602% |
| Recurring financial charges | 65 | €18 | €313 | +€295 | +1,602% |
| Profit (loss) for the period before taxes | 9903 | -€5,671 | €1,042 | +€6,713 | |
| Profit (loss) for the period | 9904 | -€5,671 | €1,042 | +€6,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,671 | €1,042 | +€6,713 |
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 16 October 2026 via checked.be.