TELLINK: 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.
TELLINK
Largest movements
- Cash +€80,287
up €80,287 (+99.7%), from €80,546 to €160,833
mainly Net result for the year (+€107,865) and Depreciation (+€44,496)
- Receivables within one year -€31,671
down €31,671 (-5.7%), from €557,550 to €525,879
of which Trade receivables: -€31,671
- Tangible fixed assets -€21,592
down €21,592 (-46.6%), from €46,309 to €24,716
of which Furniture and vehicles: -€13,082
- Stocks and contracts -€13,600
down €13,600 (-25.0%), from €54,400 to €40,800
- Reserves +€107,865
up €107,865 (+51.4%), from €209,860 to €317,725
of which Distributable reserves: +€107,865
- Debts after one year -€94,053
down €94,053 (-79.4%), from €118,496 to €24,442
of which Other amounts payable: -€51,757
- Current portion of long-term debt -€18,643
down €18,643 (-29.4%), from €63,500 to €44,856
- Gross operating margin +€48,447
up €48,447 (+7.3%), from €667,071 to €715,518
- Depreciation +€16,020
up €16,020 (+56.3%), from €28,476 to €44,496
- Write-downs -€13,600
down €13,600 (-100%), from €13,600 to €0
- Staff costs +€11,088
up €11,088 (+2.1%), from €522,477 to €533,564
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 | €920,529 | €927,866 | +€7,337 | +0.8% |
| Fixed assets | 21/28 | €226,984 | €199,405 | -€27,579 | -12.2% |
| Intangible fixed assets | 21 | €166,740 | €160,753 | -€5,987 | -3.6% |
| Tangible fixed assets | 22/27 | €46,309 | €24,716 | -€21,592 | -46.6% |
| Plant, machinery and equipment | 23 | €33,226 | €24,716 | -€8,510 | -25.6% |
| Furniture and vehicles | 24 | €13,082 | €0 | -€13,082 | -100% |
| Financial fixed assets | 28 | €13,936 | €13,936 | = | 0.0% |
| Current assets | 29/58 | €693,545 | €728,461 | +€34,916 | +5.0% |
| Stocks and contracts in progress | 3 | €54,400 | €40,800 | -€13,600 | -25.0% |
| Stocks | 30/36 | €54,400 | €40,800 | -€13,600 | -25.0% |
| Amounts receivable within one year | 40/41 | €557,550 | €525,879 | -€31,671 | -5.7% |
| Trade receivables | 40 | €553,010 | €521,339 | -€31,671 | -5.7% |
| Other amounts receivable | 41 | €4,540 | €4,540 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €80,546 | €160,833 | +€80,287 | +99.7% |
| Deferred charges and accrued income | 490/1 | €1,049 | €949 | -€100 | -9.5% |
| Total equity and liabilities | 10/49 | €920,529 | €927,866 | +€7,337 | +0.8% |
| Equity | 10/15 | €359,860 | €467,725 | +€107,865 | +30.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €209,860 | €317,725 | +€107,865 | +51.4% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €194,860 | €302,725 | +€107,865 | +55.4% |
| Amounts payable | 17/49 | €560,669 | €460,141 | -€100,528 | -17.9% |
| Amounts payable after more than one year | 17 | €118,496 | €24,442 | -€94,053 | -79.4% |
| Financial debts | 170/4 | €42,296 | €0 | -€42,296 | -100% |
| Other amounts payable | 178/9 | €76,199 | €24,442 | -€51,757 | -67.9% |
| Amounts payable within one year | 42/48 | €440,663 | €434,188 | -€6,475 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €63,500 | €44,856 | -€18,643 | -29.4% |
| Trade debts | 44 | €301,221 | €305,696 | +€4,475 | +1.5% |
| Suppliers | 440/4 | €301,221 | €305,696 | +€4,475 | +1.5% |
| Taxes, remuneration and social security | 45 | €75,900 | €82,983 | +€7,084 | +9.3% |
| Taxes | 450/3 | €16,540 | €21,704 | +€5,164 | +31.2% |
| Remuneration and social security | 454/9 | €59,359 | €61,279 | +€1,920 | +3.2% |
| Other amounts payable | 47/48 | €42 | €652 | +€610 | +1,437% |
| Accrued charges and deferred income | 492/3 | €1,511 | €1,511 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €522,477 | €533,564 | +€11,088 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,476 | €44,496 | +€16,020 | +56.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,600 | €0 | -€13,600 | -100% |
| Other operating charges | 640/8 | €2,010 | €2,232 | +€222 | +11.1% |
| Non-recurring operating charges | 66A | - | €8,124 | +€8,124 | |
| Gross operating margin | 9900 | €667,071 | €715,518 | +€48,447 | +7.3% |
| Operating profit (loss) | 9901 | €100,508 | €127,101 | +€26,593 | +26.5% |
| Financial income | 75/76B | €4,706 | €3,424 | -€1,281 | -27.2% |
| Recurring financial income | 75 | €4,706 | €3,424 | -€1,281 | -27.2% |
| Financial charges | 65/66B | €28,518 | €21,928 | -€6,590 | -23.1% |
| Recurring financial charges | 65 | €28,518 | €21,928 | -€6,590 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €76,697 | €108,598 | +€31,901 | +41.6% |
| Income taxes | 67/77 | €914 | €732 | -€182 | -19.9% |
| Profit (loss) for the period | 9904 | €75,783 | €107,865 | +€32,083 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,783 | €107,865 | +€32,083 | +42.3% |
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 14 October 2026 via checked.be.