TELONATI: 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.
TELONATI
Largest movements
- Cash -€68,465
down €68,465 (-78.1%), from €87,681 to €19,217
mainly Contributions, distributions and other (-€149,749) and Receivables within one year (-€8,296)
- Receivables within one year +€8,296
up €8,296 (+25.0%), from €33,167 to €41,463
of which Other amounts receivable: +€7,240
- Tangible fixed assets +€2,855
up €2,855 (+135%), from €2,123 to €4,978
of which Furniture and vehicles: +€3,961
- Deferred charges and accrued income +€1,521
up €1,521 (+68.7%), from €2,215 to €3,736
- Reserves -€102,982
no longer reported in 2025 (was €102,982)
- Other debts +€45,671
up €45,671 (+4,167%), from €1,096 to €46,767
- Tax, wage and social debts +€1,628
up €1,628 (+8.2%), from €19,890 to €21,517
- Gross operating margin -€3,818
down €3,818 (-5.6%), from €68,235 to €64,417
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 | €125,186 | €69,393 | -€55,793 | -44.6% |
| Fixed assets | 21/28 | €2,123 | €4,978 | +€2,855 | +135% |
| Tangible fixed assets | 22/27 | €2,123 | €4,978 | +€2,855 | +135% |
| Plant, machinery and equipment | 23 | €1,962 | €856 | -€1,106 | -56.4% |
| Furniture and vehicles | 24 | €161 | €4,122 | +€3,961 | +2,460% |
| Current assets | 29/58 | €123,063 | €64,415 | -€58,648 | -47.7% |
| Amounts receivable within one year | 40/41 | €33,167 | €41,463 | +€8,296 | +25.0% |
| Trade receivables | 40 | €8,702 | €9,757 | +€1,055 | +12.1% |
| Other amounts receivable | 41 | €24,465 | €31,705 | +€7,240 | +29.6% |
| Cash at bank and in hand | 54/58 | €87,681 | €19,217 | -€68,465 | -78.1% |
| Deferred charges and accrued income | 490/1 | €2,215 | €3,736 | +€1,521 | +68.7% |
| Total equity and liabilities | 10/49 | €125,186 | €69,393 | -€55,793 | -44.6% |
| Equity | 10/15 | €103,082 | €100 | -€102,982 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €102,982 | - | -€102,982 | |
| Distributable reserves | 133 | €102,982 | - | -€102,982 | |
| Amounts payable | 17/49 | €22,104 | €69,293 | +€47,189 | +213% |
| Amounts payable within one year | 42/48 | €22,104 | €69,293 | +€47,189 | +213% |
| Trade debts | 44 | €1,118 | €1,009 | -€109 | -9.8% |
| Suppliers | 440/4 | €1,118 | €1,009 | -€109 | -9.8% |
| Taxes, remuneration and social security | 45 | €19,890 | €21,517 | +€1,628 | +8.2% |
| Taxes | 450/3 | €19,890 | €21,517 | +€1,628 | +8.2% |
| Other amounts payable | 47/48 | €1,096 | €46,767 | +€45,671 | +4,167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,517 | €2,136 | +€620 | +40.8% |
| Other operating charges | 640/8 | €1,064 | €1,188 | +€124 | +11.7% |
| Gross operating margin | 9900 | €68,235 | €64,417 | -€3,818 | -5.6% |
| Operating profit (loss) | 9901 | €65,654 | €61,093 | -€4,561 | -6.9% |
| Financial income | 75/76B | €0 | €495 | +€495 | +4,952,500% |
| Recurring financial income | 75 | €0 | €495 | +€495 | +4,952,500% |
| Financial charges | 65/66B | €685 | €613 | -€72 | -10.5% |
| Recurring financial charges | 65 | €685 | €613 | -€72 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €64,969 | €60,975 | -€3,994 | -6.1% |
| Income taxes | 67/77 | €14,834 | €14,208 | -€626 | -4.2% |
| Profit (loss) for the period | 9904 | €50,135 | €46,767 | -€3,368 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,135 | €46,767 | -€3,368 | -6.7% |
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 13 October 2026 via checked.be.