TELMIO: 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.
TELMIO
Largest movements
- Receivables within one year +€31,035
up €31,035 (+81.9%), from €37,914 to €68,948
- Cash -€27,407
down €27,407 (-36.7%), from €74,605 to €47,199
mainly Receivables within one year (-€31,035) and Trade debts (-€9,100)
- Profit (loss) carried forward +€10,895
up €10,895 (+3.4%), from -€316,035 to -€305,140
- Trade debts -€9,100
down €9,100 (-30.2%), from €30,114 to €21,015
- Tax, wage and social debts +€2,578
new in 2025: €2,578
- Other debts -€1,851
no longer reported in 2025 (was €1,851)
- Gross operating margin +€176,128
up €176,128, from -€163,487 to €12,641
- Staff costs -€54,449
no longer reported in 2025 (was €54,449)
- Other operating charges -€1,903
down €1,903 (-72.6%), from €2,623 to €720
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 | €115,931 | €118,453 | +€2,522 | +2.2% |
| Fixed assets | 21/28 | €3,238 | €2,306 | -€932 | -28.8% |
| Tangible fixed assets | 22/27 | €2,338 | €1,406 | -€932 | -39.9% |
| Furniture and vehicles | 24 | €2,338 | €1,406 | -€932 | -39.9% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €112,693 | €116,147 | +€3,453 | +3.1% |
| Amounts receivable within one year | 40/41 | €37,914 | €68,948 | +€31,035 | +81.9% |
| Other amounts receivable | 41 | €37,914 | €68,948 | +€31,035 | +81.9% |
| Cash at bank and in hand | 54/58 | €74,605 | €47,199 | -€27,407 | -36.7% |
| Deferred charges and accrued income | 490/1 | €175 | - | -€175 | |
| Total equity and liabilities | 10/49 | €115,931 | €118,453 | +€2,522 | +2.2% |
| Equity | 10/15 | €83,965 | €94,860 | +€10,895 | +13.0% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,035 | -€305,140 | +€10,895 | +3.4% |
| Amounts payable | 17/49 | €31,966 | €23,592 | -€8,373 | -26.2% |
| Amounts payable within one year | 42/48 | €31,966 | €23,592 | -€8,373 | -26.2% |
| Trade debts | 44 | €30,114 | €21,015 | -€9,100 | -30.2% |
| Suppliers | 440/4 | €30,114 | €21,015 | -€9,100 | -30.2% |
| Taxes, remuneration and social security | 45 | - | €2,578 | +€2,578 | |
| Taxes | 450/3 | - | €2,578 | +€2,578 | |
| Other amounts payable | 47/48 | €1,851 | - | -€1,851 | |
| Remuneration, social security and pensions | 62 | €54,449 | - | -€54,449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €932 | = | 0.0% |
| Other operating charges | 640/8 | €2,623 | €720 | -€1,903 | -72.6% |
| Gross operating margin | 9900 | -€163,487 | €12,641 | +€176,128 | |
| Operating profit (loss) | 9901 | -€221,491 | €10,990 | +€232,480 | |
| Financial income | 75/76B | €333 | - | -€333 | |
| Recurring financial income | 75 | €333 | - | -€333 | |
| Financial charges | 65/66B | €386 | €95 | -€292 | -75.5% |
| Recurring financial charges | 65 | €386 | €95 | -€292 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | -€221,544 | €10,895 | +€232,439 | |
| Profit (loss) for the period | 9904 | -€221,544 | €10,895 | +€232,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€221,544 | €10,895 | +€232,439 |
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 6 October 2026 via checked.be.