Telos Impact GP: 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.
Telos Impact GP
Largest movements
- Receivables within one year +€351,892
up €351,892 (+51.5%), from €683,108 to €1.0m
of which Other amounts receivable: +€635,000
- Cash +€93,205
up €93,205 (+41.9%), from €222,392 to €315,596
mainly Trade debts (+€511,564) and Net result for the year (+€72,667)
- Financial fixed assets -€15,000
down €15,000 (-62.8%), from €23,882 to €8,882
- Trade debts +€511,564
up €511,564 (+3,661%), from €13,975 to €525,539
- Tax, wage and social debts -€204,054
down €204,054 (-89.4%), from €228,276 to €24,222
- Profit (loss) carried forward +€72,667
up €72,667 (+10.6%), from €687,131 to €759,798
- Contributions +€50,000
new in 2025: €50,000
- Gross operating margin -€817,553
down €817,553 (-89.4%), from €914,865 to €97,312
- Taxes -€204,821
down €204,821 (-89.4%), from €229,044 to €24,222
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 | €929,382 | €1,359,559 | +€430,177 | +46.3% |
| Fixed assets | 21/28 | €23,882 | €8,882 | -€15,000 | -62.8% |
| Financial fixed assets | 28 | €23,882 | €8,882 | -€15,000 | -62.8% |
| Current assets | 29/58 | €905,500 | €1,350,677 | +€445,177 | +49.2% |
| Amounts receivable within one year | 40/41 | €683,108 | €1,035,000 | +€351,892 | +51.5% |
| Trade receivables | 40 | €283,108 | - | -€283,108 | |
| Other amounts receivable | 41 | €400,000 | €1,035,000 | +€635,000 | +159% |
| Cash at bank and in hand | 54/58 | €222,392 | €315,596 | +€93,205 | +41.9% |
| Deferred charges and accrued income | 490/1 | - | €81 | +€81 | |
| Total equity and liabilities | 10/49 | €929,382 | €1,359,559 | +€430,177 | +46.3% |
| Equity | 10/15 | €687,131 | €809,798 | +€122,667 | +17.9% |
| Contributions | 10/11 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €687,131 | €759,798 | +€72,667 | +10.6% |
| Amounts payable | 17/49 | €242,251 | €549,761 | +€307,510 | +127% |
| Amounts payable within one year | 42/48 | €242,251 | €549,761 | +€307,510 | +127% |
| Trade debts | 44 | €13,975 | €525,539 | +€511,564 | +3,661% |
| Suppliers | 440/4 | €13,975 | €525,539 | +€511,564 | +3,661% |
| Taxes, remuneration and social security | 45 | €228,276 | €24,222 | -€204,054 | -89.4% |
| Taxes | 450/3 | €228,276 | €24,222 | -€204,054 | -89.4% |
| Other operating charges | 640/8 | €8 | - | -€8 | |
| Gross operating margin | 9900 | €914,865 | €97,312 | -€817,553 | -89.4% |
| Operating profit (loss) | 9901 | €914,857 | €97,312 | -€817,545 | -89.4% |
| Financial income | 75/76B | €2,558 | - | -€2,558 | |
| Recurring financial income | 75 | €2,558 | - | -€2,558 | |
| Financial charges | 65/66B | €1,240 | €422 | -€818 | -66.0% |
| Recurring financial charges | 65 | €1,240 | €422 | -€818 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €916,175 | €96,890 | -€819,285 | -89.4% |
| Income taxes | 67/77 | €229,044 | €24,222 | -€204,821 | -89.4% |
| Profit (loss) for the period | 9904 | €687,131 | €72,667 | -€614,464 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €687,131 | €72,667 | -€614,464 | -89.4% |
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 16 October 2026 via checked.be.