TieleGram: 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.
TieleGram
Largest movements
- Receivables within one year +€34,714
up €34,714 (+176%), from €19,757 to €54,471
of which Trade receivables: +€32,437
- Tangible fixed assets -€19,758
down €19,758 (-16.6%), from €119,198 to €99,440
- Cash -€6,142
down €6,142 (-18.4%), from €33,450 to €27,307
mainly Receivables within one year (-€34,714) and Debts after one year (-€31,939)
- Deferred charges and accrued income +€3,957
new in 2025: €3,957
- Debts after one year -€31,939
down €31,939 (-58.3%), from €54,744 to €22,805
- Reserves +€29,830
new in 2025: €29,830
- Tax, wage and social debts +€15,300
up €15,300 (+326%), from €4,694 to €19,994
- Gross operating margin +€35,987
up €35,987 (+122%), from €29,486 to €65,473
- Taxes +€11,402
new in 2025: €11,402
- Financial charges -€1,555
down €1,555 (-30.0%), from €5,176 to €3,622
- Depreciation -€805
down €805 (-3.8%), from €21,229 to €20,424
- Other operating charges -€800
down €800 (-37.7%), from €2,123 to €1,323
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 | €172,405 | €185,175 | +€12,770 | +7.4% |
| Fixed assets | 21/28 | €119,198 | €99,440 | -€19,758 | -16.6% |
| Tangible fixed assets | 22/27 | €119,198 | €99,440 | -€19,758 | -16.6% |
| Furniture and vehicles | 24 | €119,198 | €99,440 | -€19,758 | -16.6% |
| Current assets | 29/58 | €53,206 | €85,735 | +€32,528 | +61.1% |
| Amounts receivable within one year | 40/41 | €19,757 | €54,471 | +€34,714 | +176% |
| Trade receivables | 40 | €17,470 | €49,907 | +€32,437 | +186% |
| Other amounts receivable | 41 | €2,287 | €4,564 | +€2,277 | +99.6% |
| Cash at bank and in hand | 54/58 | €33,450 | €27,307 | -€6,142 | -18.4% |
| Deferred charges and accrued income | 490/1 | - | €3,957 | +€3,957 | |
| Total equity and liabilities | 10/49 | €172,405 | €185,175 | +€12,770 | +7.4% |
| Equity | 10/15 | €5,957 | €34,836 | +€28,879 | +485% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €29,830 | +€29,830 | |
| Distributable reserves | 133 | - | €29,830 | +€29,830 | |
| Profit (loss) carried forward | 14 | €957 | €6 | -€951 | -99.4% |
| Amounts payable | 17/49 | €166,447 | €150,339 | -€16,109 | -9.7% |
| Amounts payable after more than one year | 17 | €54,744 | €22,805 | -€31,939 | -58.3% |
| Financial debts | 170/4 | €54,744 | €22,805 | -€31,939 | -58.3% |
| Amounts payable within one year | 42/48 | €111,703 | €127,533 | +€15,830 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €30,472 | €31,939 | +€1,467 | +4.8% |
| Trade debts | 44 | €1,537 | €600 | -€936 | -60.9% |
| Suppliers | 440/4 | €1,537 | €600 | -€936 | -60.9% |
| Taxes, remuneration and social security | 45 | €4,694 | €19,994 | +€15,300 | +326% |
| Taxes | 450/3 | €4,694 | €19,994 | +€15,300 | +326% |
| Other amounts payable | 47/48 | €75,000 | €75,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,229 | €20,424 | -€805 | -3.8% |
| Other operating charges | 640/8 | €2,123 | €1,323 | -€800 | -37.7% |
| Gross operating margin | 9900 | €29,486 | €65,473 | +€35,987 | +122% |
| Operating profit (loss) | 9901 | €6,134 | €43,726 | +€37,593 | +613% |
| Financial income | 75/76B | €0 | €176 | +€176 | +878,750% |
| Recurring financial income | 75 | €0 | €176 | +€176 | +878,750% |
| Financial charges | 65/66B | €5,176 | €3,622 | -€1,555 | -30.0% |
| Recurring financial charges | 65 | €5,176 | €3,622 | -€1,555 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €957 | €40,281 | +€39,323 | +4,107% |
| Income taxes | 67/77 | - | €11,402 | +€11,402 | |
| Profit (loss) for the period | 9904 | €957 | €28,879 | +€27,921 | +2,916% |
| Profit (loss) for the period to be appropriated | 9905 | €957 | €28,879 | +€27,921 | +2,916% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.