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.
Televallé
Largest movements
- Receivables within one year -€122,345
down €122,345 (-81.9%), from €149,412 to €27,067
of which Trade receivables: -€119,496
- Tangible fixed assets +€101,139
up €101,139 (+17.5%), from €578,282 to €679,420
of which Plant, machinery and equipment: +€121,275
- Intangible fixed assets +€14,050
up €14,050 (+42.5%), from €33,071 to €47,121
- Debts after one year +€165,073
up €165,073 (+45.2%), from €365,130 to €530,204
of which Other amounts payable: +€152,726
- Trade debts -€81,608
down €81,608 (-90.0%), from €90,637 to €9,029
- Profit (loss) carried forward -€59,431
down €59,431, from €21,250 to -€38,181
- Short-term financial debts -€30,499
down €30,499 (-100.0%), from €30,499 to €0
- Other debts +€15,983
up €15,983 (+416.5%), from €3,837 to €19,820
- Other operating charges +€49,147
up €49,147 (+4098.2%), from €1,199 to €50,346
- Gross operating margin -€12,610
down €12,610 (-7.8%), from €161,471 to €148,861
- Depreciation -€9,182
down €9,182 (-12.2%), from €75,235 to €66,053
- Staff costs +€8,705
up €8,705 (+16.4%), from €53,000 to €61,705
- Taxes +€5,499
up €5,499 (+177.8%), from €3,093 to €8,592
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 | €771,705 | €771,751 | +€47 | 0.0% |
| Fixed assets | 21/28 | €613,053 | €726,542 | +€113,489 | +18.5% |
| Intangible fixed assets | 21 | €33,071 | €47,121 | +€14,050 | +42.5% |
| Tangible fixed assets | 22/27 | €578,282 | €679,420 | +€101,139 | +17.5% |
| Land and buildings | 22 | €309,305 | €236,725 | -€72,580 | -23.5% |
| Plant, machinery and equipment | 23 | €61,645 | €182,920 | +€121,275 | +196.7% |
| Furniture and vehicles | 24 | €11,136 | €15,449 | +€4,313 | +38.7% |
| Other tangible fixed assets | 26 | €196,195 | €244,326 | +€48,131 | +24.5% |
| Financial fixed assets | 28 | €1,700 | €0 | -€1,700 | -100.0% |
| Current assets | 29/58 | €158,652 | €45,209 | -€113,442 | -71.5% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €149,412 | €27,067 | -€122,345 | -81.9% |
| Trade receivables | 40 | €141,223 | €21,727 | -€119,496 | -84.6% |
| Other amounts receivable | 41 | €8,189 | €5,340 | -€2,849 | -34.8% |
| Cash at bank and in hand | 54/58 | €6,083 | €11,813 | +€5,730 | +94.2% |
| Deferred charges and accrued income | 490/1 | €3,157 | €1,330 | -€1,827 | -57.9% |
| Total equity and liabilities | 10/49 | €771,705 | €771,751 | +€47 | 0.0% |
| Equity | 10/15 | €205,693 | €146,262 | -€59,431 | -28.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €165,850 | €165,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,104 | €18,104 | = | 0.0% |
| Distributable reserves | 133 | €147,747 | €147,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,250 | -€38,181 | -€59,431 | |
| Amounts payable | 17/49 | €566,012 | €625,489 | +€59,477 | +10.5% |
| Amounts payable after more than one year | 17 | €365,130 | €530,204 | +€165,073 | +45.2% |
| Financial debts | 170/4 | €93,358 | €105,706 | +€12,348 | +13.2% |
| Other amounts payable | 178/9 | €271,772 | €424,498 | +€152,726 | +56.2% |
| Amounts payable within one year | 42/48 | €199,482 | €93,886 | -€105,596 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €54,296 | €52,398 | -€1,897 | -3.5% |
| Financial debts | 43 | €30,499 | €0 | -€30,499 | -100.0% |
| Credit institutions | 430/8 | €30,499 | €0 | -€30,499 | -100.0% |
| Trade debts | 44 | €90,637 | €9,029 | -€81,608 | -90.0% |
| Suppliers | 440/4 | €90,637 | €9,029 | -€81,608 | -90.0% |
| Taxes, remuneration and social security | 45 | €20,213 | €12,639 | -€7,574 | -37.5% |
| Taxes | 450/3 | €11,474 | €3,898 | -€7,576 | -66.0% |
| Remuneration and social security | 454/9 | €8,739 | €8,741 | +€2 | 0.0% |
| Other amounts payable | 47/48 | €3,837 | €19,820 | +€15,983 | +416.5% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,400 | = | 0.0% |
| Non-recurring operating income | 76A | - | €15,954 | +€15,954 | |
| Remuneration, social security and pensions | 62 | €53,000 | €61,705 | +€8,705 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,235 | €66,053 | -€9,182 | -12.2% |
| Other operating charges | 640/8 | €1,199 | €50,346 | +€49,147 | +4098.2% |
| Gross operating margin | 9900 | €161,471 | €148,861 | -€12,610 | -7.8% |
| Operating profit (loss) | 9901 | €32,037 | -€29,243 | -€61,280 | |
| Financial income | 75/76B | €75 | €0 | -€75 | -100.0% |
| Recurring financial income | 75 | €75 | €0 | -€75 | -100.0% |
| Financial charges | 65/66B | €18,056 | €21,596 | +€3,540 | +19.6% |
| Recurring financial charges | 65 | €18,056 | €21,596 | +€3,540 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €14,056 | -€50,839 | -€64,895 | |
| Income taxes | 67/77 | €3,093 | €8,592 | +€5,499 | +177.8% |
| Profit (loss) for the period | 9904 | €10,963 | -€59,431 | -€70,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,963 | -€59,431 | -€70,394 |
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 26 September 2026 via checked.be.