Tellus Lanaken: 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.
Tellus Lanaken
Largest movements
- Tangible fixed assets -€625,121
down €625,121 (-56.1%), from €1.1m to €488,827
of which Assets under construction and advance payments: -€626,344
- Receivables within one year +€46,495
up €46,495 (+1,274%), from €3,649 to €50,144
- Short-term financial debts -€570,000
down €570,000 (-53.8%), from €1.1m to €490,000
- Trade debts +€313,696
up €313,696 (+62,739%), from €500 to €314,196
- Profit (loss) carried forward -€139,957
down €139,957 (-61.6%), from -€227,200 to -€367,157
- Accrued charges and deferred income -€106,526
down €106,526 (-90.6%), from €117,617 to €11,091
- Debts after one year -€61,800
no longer reported in 2025 (was €61,800)
- Gross operating margin -€58,024
down €58,024 (-1,128%), from -€5,144 to -€63,168
- Staff costs +€16,828
new in 2025: €16,828
- Financial charges -€3,969
down €3,969 (-6.2%), from €63,743 to €59,774
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 | €1,125,917 | €550,037 | -€575,880 | -51.1% |
| Fixed assets | 21/28 | €1,113,948 | €488,827 | -€625,121 | -56.1% |
| Tangible fixed assets | 22/27 | €1,113,948 | €488,827 | -€625,121 | -56.1% |
| Furniture and vehicles | 24 | - | €1,223 | +€1,223 | |
| Assets under construction and advance payments | 27 | €1,113,948 | €487,604 | -€626,344 | -56.2% |
| Current assets | 29/58 | €11,969 | €61,210 | +€49,241 | +411% |
| Amounts receivable within one year | 40/41 | €3,649 | €50,144 | +€46,495 | +1,274% |
| Other amounts receivable | 41 | €3,649 | €50,144 | +€46,495 | +1,274% |
| Cash at bank and in hand | 54/58 | €8,320 | €10,712 | +€2,392 | +28.7% |
| Deferred charges and accrued income | 490/1 | - | €355 | +€355 | |
| Total equity and liabilities | 10/49 | €1,125,917 | €550,037 | -€575,880 | -51.1% |
| Equity | 10/15 | -€127,200 | -€267,157 | -€139,957 | -110% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,200 | -€367,157 | -€139,957 | -61.6% |
| Amounts payable | 17/49 | €1,253,117 | €817,194 | -€435,923 | -34.8% |
| Amounts payable after more than one year | 17 | €61,800 | - | -€61,800 | |
| Financial debts | 170/4 | €61,800 | - | -€61,800 | |
| Amounts payable within one year | 42/48 | €1,073,700 | €806,103 | -€267,597 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €13,200 | - | -€13,200 | |
| Financial debts | 43 | €1,060,000 | €490,000 | -€570,000 | -53.8% |
| Other loans | 439 | €1,060,000 | €490,000 | -€570,000 | -53.8% |
| Trade debts | 44 | €500 | €314,196 | +€313,696 | +62,739% |
| Suppliers | 440/4 | €500 | €314,196 | +€313,696 | +62,739% |
| Taxes, remuneration and social security | 45 | - | €1,907 | +€1,907 | |
| Remuneration and social security | 454/9 | - | €1,907 | +€1,907 | |
| Accrued charges and deferred income | 492/3 | €117,617 | €11,091 | -€106,526 | -90.6% |
| Remuneration, social security and pensions | 62 | - | €16,828 | +€16,828 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12 | +€12 | |
| Other operating charges | 640/8 | - | €175 | +€175 | |
| Gross operating margin | 9900 | -€5,144 | -€63,168 | -€58,024 | -1,128% |
| Operating profit (loss) | 9901 | -€5,144 | -€80,183 | -€75,040 | -1,459% |
| Financial charges | 65/66B | €63,743 | €59,774 | -€3,969 | -6.2% |
| Recurring financial charges | 65 | €63,743 | €59,774 | -€3,969 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€68,887 | -€139,957 | -€71,071 | -103% |
| Profit (loss) for the period | 9904 | -€68,887 | -€139,957 | -€71,071 | -103% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,887 | -€139,957 | -€71,071 | -103% |
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 17 October 2026 via checked.be.