TELUS PROPERTIES: 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.
TELUS PROPERTIES
Largest movements
- Receivables within one year -€11,777
down €11,777 (-8.1%), from €145,426 to €133,650
- Cash -€6,751
down €6,751 (-62.6%), from €10,785 to €4,034
mainly Net result for the year (-€13,886) and Trade debts (-€4,557)
- Profit (loss) carried forward -€13,886
down €13,886 (-20.5%), from €67,635 to €53,749
- Trade debts -€4,557
down €4,557 (-91.9%), from €4,956 to €400
- Gross operating margin -€65,099
down €65,099, from €45,268 to -€19,831
- Financial income -€21,153
down €21,153 (-75.7%), from €27,956 to €6,803
of which Non-recurring financial income: -€21,478
- Taxes -€15,971
down €15,971, from €15,970 to -€1
- Other operating charges -€5,828
down €5,828 (-91.5%), from €6,372 to €544
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 | €156,211 | €137,768 | -€18,444 | -11.8% |
| Current assets | 29/58 | €156,211 | €137,768 | -€18,444 | -11.8% |
| Amounts receivable within one year | 40/41 | €145,426 | €133,650 | -€11,777 | -8.1% |
| Other amounts receivable | 41 | €145,426 | €133,650 | -€11,777 | -8.1% |
| Cash at bank and in hand | 54/58 | €10,785 | €4,034 | -€6,751 | -62.6% |
| Deferred charges and accrued income | 490/1 | - | €84 | +€84 | |
| Total equity and liabilities | 10/49 | €156,211 | €137,768 | -€18,444 | -11.8% |
| Equity | 10/15 | €135,285 | €121,399 | -€13,886 | -10.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,635 | €53,749 | -€13,886 | -20.5% |
| Amounts payable | 17/49 | €20,926 | €16,368 | -€4,558 | -21.8% |
| Amounts payable within one year | 42/48 | €20,926 | €16,368 | -€4,558 | -21.8% |
| Trade debts | 44 | €4,956 | €400 | -€4,557 | -91.9% |
| Suppliers | 440/4 | €4,956 | €400 | -€4,557 | -91.9% |
| Taxes, remuneration and social security | 45 | €15,970 | €15,969 | -€1 | 0.0% |
| Taxes | 450/3 | €15,970 | €15,969 | -€1 | 0.0% |
| Other operating charges | 640/8 | €6,372 | €544 | -€5,828 | -91.5% |
| Gross operating margin | 9900 | €45,268 | -€19,831 | -€65,099 | |
| Operating profit (loss) | 9901 | €38,896 | -€20,374 | -€59,271 | |
| Financial income | 75/76B | €27,956 | €6,803 | -€21,153 | -75.7% |
| Recurring financial income | 75 | €6,478 | €6,803 | +€325 | +5.0% |
| Non-recurring financial income | 76B | €21,478 | €0 | -€21,478 | -100.0% |
| Financial charges | 65/66B | €309 | €316 | +€8 | +2.4% |
| Recurring financial charges | 65 | €309 | €316 | +€8 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €66,544 | -€13,887 | -€80,431 | |
| Income taxes | 67/77 | €15,970 | -€1 | -€15,971 | |
| Profit (loss) for the period | 9904 | €50,574 | -€13,886 | -€64,459 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,574 | -€13,886 | -€64,459 |
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 5 October 2026 via checked.be.