TELLF: 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.
TELLF
Largest movements
- Tangible fixed assets +€461,290
up €461,290 (+2903.4%), from €15,888 to €477,178
of which Land and buildings: +€477,178
- Cash +€25,991
up €25,991 (+108.8%), from €23,898 to €49,889
mainly Other debts (+€455,681) and Depreciation (+€71,622)
- Receivables within one year -€12,757
down €12,757 (-58.7%), from €21,744 to €8,987
of which Trade receivables: -€12,924
- Other debts +€455,681
up €455,681 (+444.4%), from €102,545 to €558,226
- Profit (loss) carried forward +€8,722
up €8,722 (+5.7%), from -€153,198 to -€144,476
- Tax, wage and social debts +€5,468
up €5,468 (+49.6%), from €11,019 to €16,488
of which Taxes: +€3,825
- Turnover -€183,378
no longer reported in 2025 (was €183,378)
- Gross operating margin +€160,995
new in 2025: €160,995
- Services and other goods -€50,210
no longer reported in 2025 (was €50,210)
- Depreciation +€35,622
up €35,622 (+98.9%), from €36,000 to €71,622
- Staff costs +€6,325
up €6,325 (+9.4%), from €66,956 to €73,281
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 | €61,580 | €536,377 | +€474,797 | +771.0% |
| Fixed assets | 21/28 | €15,888 | €477,178 | +€461,290 | +2903.4% |
| Tangible fixed assets | 22/27 | €15,888 | €477,178 | +€461,290 | +2903.4% |
| Land and buildings | 22 | - | €477,178 | +€477,178 | |
| Furniture and vehicles | 24 | €15,888 | €0 | -€15,888 | -100.0% |
| Current assets | 29/58 | €45,692 | €59,199 | +€13,507 | +29.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €21,744 | €8,987 | -€12,757 | -58.7% |
| Trade receivables | 40 | €21,744 | €8,820 | -€12,924 | -59.4% |
| Other amounts receivable | 41 | €0 | €167 | +€167 | |
| Cash at bank and in hand | 54/58 | €23,898 | €49,889 | +€25,991 | +108.8% |
| Deferred charges and accrued income | 490/1 | €50 | €324 | +€274 | +546.5% |
| Total equity and liabilities | 10/49 | €61,580 | €536,377 | +€474,797 | +771.0% |
| Equity | 10/15 | -€54,446 | -€45,724 | +€8,722 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,152 | €80,152 | = | 0.0% |
| Distributable reserves | 133 | €80,152 | €80,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,198 | -€144,476 | +€8,722 | +5.7% |
| Amounts payable | 17/49 | €116,026 | €582,101 | +€466,076 | +401.7% |
| Amounts payable within one year | 42/48 | €116,026 | €582,101 | +€466,076 | +401.7% |
| Trade debts | 44 | €2,461 | €7,388 | +€4,927 | +200.2% |
| Suppliers | 440/4 | €2,461 | €7,388 | +€4,927 | +200.2% |
| Taxes, remuneration and social security | 45 | €11,019 | €16,488 | +€5,468 | +49.6% |
| Taxes | 450/3 | €493 | €4,317 | +€3,825 | +776.3% |
| Remuneration and social security | 454/9 | €10,527 | €12,170 | +€1,644 | +15.6% |
| Other amounts payable | 47/48 | €102,545 | €558,226 | +€455,681 | +444.4% |
| Operating income | 70/76A | €183,573 | - | -€183,573 | |
| Turnover | 70 | €183,378 | - | -€183,378 | |
| Other operating income | 74 | €195 | - | -€195 | |
| Non-recurring operating income | 76A | €0 | €64,112 | +€64,112 | |
| Operating charges | 60/66A | €154,122 | - | -€154,122 | |
| Services and other goods | 61 | €50,210 | - | -€50,210 | |
| Remuneration, social security and pensions | 62 | €66,956 | €73,281 | +€6,325 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,000 | €71,622 | +€35,622 | +98.9% |
| Other operating charges | 640/8 | €955 | €2,338 | +€1,383 | +144.8% |
| Non-recurring operating charges | 66A | - | €620 | +€620 | |
| Gross operating margin | 9900 | - | €160,995 | +€160,995 | |
| Operating profit (loss) | 9901 | €29,452 | €13,135 | -€16,317 | -55.4% |
| Financial income | 75/76B | €16 | €0 | -€16 | -100.0% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -100.0% |
| Other financial income | 752/9 | €16 | - | -€16 | |
| Financial charges | 65/66B | €3,793 | €4,413 | +€621 | +16.4% |
| Recurring financial charges | 65 | €3,793 | €4,413 | +€621 | +16.4% |
| Debt charges | 650 | €3,793 | - | -€3,793 | |
| Profit (loss) for the period before taxes | 9903 | €25,675 | €8,722 | -€16,954 | -66.0% |
| Profit (loss) for the period | 9904 | €25,675 | €8,722 | -€16,954 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,675 | €8,722 | -€16,954 | -66.0% |
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 12 October 2026 via checked.be.