TELLURION: 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.
TELLURION
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€49,347
up €49,347 (+56.9%), from €86,703 to €136,050
mainly Current investments (+€50,000) and Receivables within one year (+€30,789)
- Receivables within one year -€30,789
down €30,789 (-98.9%), from €31,134 to €345
of which Trade receivables: -€31,134
- Tangible fixed assets -€18,060
down €18,060 (-50.8%), from €35,563 to €17,503
- Deferred charges and accrued income +€14,084
up €14,084 (+1191.9%), from €1,182 to €15,265
- Tax, wage and social debts -€24,923
down €24,923 (-46.0%), from €54,216 to €29,294
of which Taxes: -€21,047
- Profit (loss) carried forward -€6,742
new in 2025: -€6,742
- Debts after one year -€5,579
no longer reported in 2025 (was €5,579)
- Current portion of long-term debt -€4,104
down €4,104 (-42.9%), from €9,564 to €5,461
- Other debts +€3,875
up €3,875 (+85.5%), from €4,535 to €8,410
- Gross operating margin -€90,086
down €90,086 (-89.5%), from €100,629 to €10,543
- Taxes -€19,382
down €19,382 (-99.3%), from €19,515 to €132
- Depreciation +€15,715
up €15,715 (+670.1%), from €2,345 to €18,060
- Financial charges -€2,019
down €2,019 (-84.6%), from €2,387 to €368
- Financial income +€1,523
up €1,523 (+2232.5%), from €68 to €1,591
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 | €204,582 | €169,163 | -€35,418 | -17.3% |
| Fixed assets | 21/28 | €35,563 | €17,503 | -€18,060 | -50.8% |
| Tangible fixed assets | 22/27 | €35,563 | €17,503 | -€18,060 | -50.8% |
| Furniture and vehicles | 24 | €35,563 | €17,503 | -€18,060 | -50.8% |
| Current assets | 29/58 | €169,018 | €151,660 | -€17,358 | -10.3% |
| Amounts receivable within one year | 40/41 | €31,134 | €345 | -€30,789 | -98.9% |
| Trade receivables | 40 | €31,134 | - | -€31,134 | |
| Other amounts receivable | 41 | - | €345 | +€345 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €86,703 | €136,050 | +€49,347 | +56.9% |
| Deferred charges and accrued income | 490/1 | €1,182 | €15,265 | +€14,084 | +1191.9% |
| Total equity and liabilities | 10/49 | €204,582 | €169,163 | -€35,418 | -17.3% |
| Equity | 10/15 | €130,462 | €123,720 | -€6,742 | -5.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €129,962 | €129,962 | = | 0.0% |
| Distributable reserves | 133 | €129,962 | €129,962 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,742 | -€6,742 | |
| Amounts payable | 17/49 | €74,120 | €45,444 | -€28,676 | -38.7% |
| Amounts payable after more than one year | 17 | €5,579 | - | -€5,579 | |
| Financial debts | 170/4 | €5,579 | - | -€5,579 | |
| Amounts payable within one year | 42/48 | €68,541 | €45,444 | -€23,097 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €9,564 | €5,461 | -€4,104 | -42.9% |
| Trade debts | 44 | €225 | €2,279 | +€2,054 | +912.9% |
| Suppliers | 440/4 | €225 | €2,279 | +€2,054 | +912.9% |
| Taxes, remuneration and social security | 45 | €54,216 | €29,294 | -€24,923 | -46.0% |
| Taxes | 450/3 | €47,341 | €26,294 | -€21,047 | -44.5% |
| Remuneration and social security | 454/9 | €6,875 | €3,000 | -€3,875 | -56.4% |
| Other amounts payable | 47/48 | €4,535 | €8,410 | +€3,875 | +85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,345 | €18,060 | +€15,715 | +670.1% |
| Other operating charges | 640/8 | €446 | €316 | -€130 | -29.2% |
| Gross operating margin | 9900 | €100,629 | €10,543 | -€90,086 | -89.5% |
| Operating profit (loss) | 9901 | €97,838 | -€7,833 | -€105,671 | |
| Financial income | 75/76B | €68 | €1,591 | +€1,523 | +2232.5% |
| Recurring financial income | 75 | €68 | €1,591 | +€1,523 | +2232.5% |
| Financial charges | 65/66B | €2,387 | €368 | -€2,019 | -84.6% |
| Recurring financial charges | 65 | €2,387 | €368 | -€2,019 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €95,519 | -€6,610 | -€102,129 | |
| Income taxes | 67/77 | €19,515 | €132 | -€19,382 | -99.3% |
| Profit (loss) for the period | 9904 | €76,005 | -€6,742 | -€82,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,005 | -€6,742 | -€82,747 |
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 1 October 2026 via checked.be.