TELSYS: 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.
TELSYS
Largest movements
- Cash -€15,825
down €15,825 (-60.2%), from €26,280 to €10,456
mainly Tax, wage and social debts (-€9,616) and Net result for the year (-€8,216)
- Receivables within one year -€2,008
down €2,008 (-2.8%), from €70,966 to €68,958
of which Trade receivables: -€1,830
- Tax, wage and social debts -€9,616
no longer reported in 2025 (was €9,616)
- Profit (loss) carried forward -€8,216
down €8,216 (-12.3%), from €66,628 to €58,411
- Gross operating margin -€23,358
down €23,358, from €15,787 to -€7,571
- Taxes -€4,146
no longer reported in 2025 (was €4,146)
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 | €97,247 | €79,414 | -€17,833 | -18.3% |
| Current assets | 29/58 | €97,247 | €79,414 | -€17,833 | -18.3% |
| Amounts receivable within one year | 40/41 | €70,966 | €68,958 | -€2,008 | -2.8% |
| Trade receivables | 40 | €6,830 | €5,000 | -€1,830 | -26.8% |
| Other amounts receivable | 41 | €64,136 | €63,958 | -€178 | -0.3% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,280 | €10,456 | -€15,825 | -60.2% |
| Total equity and liabilities | 10/49 | €97,247 | €79,414 | -€17,833 | -18.3% |
| Equity | 10/15 | €87,630 | €79,414 | -€8,216 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,403 | €2,403 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,403 | €2,403 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,403 | €2,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,628 | €58,411 | -€8,216 | -12.3% |
| Amounts payable | 17/49 | €9,616 | - | -€9,616 | |
| Amounts payable within one year | 42/48 | €9,616 | - | -€9,616 | |
| Taxes, remuneration and social security | 45 | €9,616 | - | -€9,616 | |
| Taxes | 450/3 | €9,616 | - | -€9,616 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €15,787 | -€7,571 | -€23,358 | |
| Operating profit (loss) | 9901 | €15,282 | -€8,090 | -€23,372 | |
| Financial charges | 65/66B | €66 | €126 | +€60 | +90.0% |
| Recurring financial charges | 65 | €66 | €126 | +€60 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €15,215 | -€8,216 | -€23,432 | |
| Income taxes | 67/77 | €4,146 | - | -€4,146 | |
| Profit (loss) for the period | 9904 | €11,069 | -€8,216 | -€19,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,069 | -€8,216 | -€19,286 |
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 18 October 2026 via checked.be.