TELLER'S QUALITY: 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.
TELLER'S QUALITY
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Cash -€31,976
down €31,976 (-83.2%), from €38,447 to €6,471
mainly Contributions, distributions and other (-€70,588) and Current investments (-€35,000)
- Tangible fixed assets -€17,520
down €17,520 (-17.0%), from €102,935 to €85,415
of which Plant, machinery and equipment: -€16,593
- Stocks and contracts +€4,574
up €4,574 (+58.5%), from €7,815 to €12,389
- Deferred charges and accrued income +€3,770
up €3,770 (+234.6%), from €1,607 to €5,377
- Other debts +€22,814
up €22,814 (+47.3%), from €48,261 to €71,075
- Reserves -€14,000
down €14,000 (-50.0%), from €28,000 to €14,000
- Debts after one year -€11,265
down €11,265 (-29.8%), from €37,863 to €26,599
- Gross operating margin +€16,969
up €16,969 (+12.5%), from €135,578 to €152,547
- Taxes +€4,556
up €4,556 (+31.4%), from €14,494 to €19,050
- Staff costs +€2,491
up €2,491 (+4.7%), from €52,803 to €55,294
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 | €153,804 | €150,602 | -€3,202 | -2.1% |
| Fixed assets | 21/28 | €105,935 | €88,415 | -€17,520 | -16.5% |
| Tangible fixed assets | 22/27 | €102,935 | €85,415 | -€17,520 | -17.0% |
| Plant, machinery and equipment | 23 | €100,616 | €84,023 | -€16,593 | -16.5% |
| Furniture and vehicles | 24 | €2,320 | €1,392 | -€927 | -40.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €47,869 | €62,187 | +€14,318 | +29.9% |
| Stocks and contracts in progress | 3 | €7,815 | €12,389 | +€4,574 | +58.5% |
| Stocks | 30/36 | €7,815 | €12,389 | +€4,574 | +58.5% |
| Amounts receivable within one year | 40/41 | - | €2,950 | +€2,950 | |
| Other amounts receivable | 41 | - | €2,950 | +€2,950 | |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €38,447 | €6,471 | -€31,976 | -83.2% |
| Deferred charges and accrued income | 490/1 | €1,607 | €5,377 | +€3,770 | +234.6% |
| Total equity and liabilities | 10/49 | €153,804 | €150,602 | -€3,202 | -2.1% |
| Equity | 10/15 | €33,611 | €19,080 | -€14,531 | -43.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €14,000 | -€14,000 | -50.0% |
| Distributable reserves | 133 | €28,000 | €14,000 | -€14,000 | -50.0% |
| Profit (loss) carried forward | 14 | €611 | €80 | -€531 | -87.0% |
| Amounts payable | 17/49 | €120,193 | €131,523 | +€11,329 | +9.4% |
| Amounts payable after more than one year | 17 | €37,863 | €26,599 | -€11,265 | -29.8% |
| Financial debts | 170/4 | €37,863 | €26,599 | -€11,265 | -29.8% |
| Amounts payable within one year | 42/48 | €82,330 | €104,924 | +€22,594 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €10,672 | €11,265 | +€593 | +5.6% |
| Trade debts | 44 | €6,799 | €7,337 | +€538 | +7.9% |
| Suppliers | 440/4 | €6,799 | €7,337 | +€538 | +7.9% |
| Taxes, remuneration and social security | 45 | €16,598 | €15,247 | -€1,351 | -8.1% |
| Taxes | 450/3 | €11,115 | €14,283 | +€3,168 | +28.5% |
| Remuneration and social security | 454/9 | €5,483 | €964 | -€4,519 | -82.4% |
| Other amounts payable | 47/48 | €48,261 | €71,075 | +€22,814 | +47.3% |
| Remuneration, social security and pensions | 62 | €52,803 | €55,294 | +€2,491 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,221 | €16,413 | +€1,192 | +7.8% |
| Other operating charges | 640/8 | €1,659 | €1,714 | +€54 | +3.3% |
| Gross operating margin | 9900 | €135,578 | €152,547 | +€16,969 | +12.5% |
| Operating profit (loss) | 9901 | €65,894 | €79,127 | +€13,232 | +20.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Non-recurring financial income | 76B | €2 | - | -€2 | |
| Financial charges | 65/66B | €3,868 | €4,020 | +€152 | +3.9% |
| Recurring financial charges | 65 | €3,868 | €4,020 | +€152 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €62,028 | €75,107 | +€13,078 | +21.1% |
| Income taxes | 67/77 | €14,494 | €19,050 | +€4,556 | +31.4% |
| Profit (loss) for the period | 9904 | €47,534 | €56,057 | +€8,523 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,534 | €56,057 | +€8,523 | +17.9% |
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 9 October 2026 via checked.be.