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TéléGenné: 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.

What changed

TéléGenné

BE 0675.960.435
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,782
2024 · €94,648-€45,866
Equity
€62,805
2024 · €586,886-€524,081
Cash
€413,174
2024 · €525,883-€112,710
Balance sheet total
€601,956
2024 · €672,092-€70,136

Largest movements

2024 to 2025
Assets
  • Cash -€112,710

    down €112,710 (-21.4%), from €525,883 to €413,174

    mainly Contributions, distributions and other (-€572,863) and Receivables within one year (-€38,091)

  • Receivables within one year +€38,091

    up €38,091 (+82.7%), from €46,071 to €84,162

    of which Other amounts receivable: +€80,601

  • Deferred charges and accrued income +€19,006

    up €19,006 (+97.3%), from €19,538 to €38,545

  • Tangible fixed assets -€14,524

    down €14,524 (-18.0%), from €80,600 to €66,076

    of which Furniture and vehicles: -€20,956

Equity and liabilities
  • Reserves -€524,081

    down €524,081 (-92.2%), from €568,286 to €44,205

    of which Distributable reserves: -€524,081

  • Other debts +€486,365

    up €486,365, from €0 to €486,365

  • Debts after one year -€18,385

    down €18,385 (-40.4%), from €45,468 to €27,083

  • Tax, wage and social debts -€13,607

    down €13,607 (-65.0%), from €20,924 to €7,317

    of which Taxes: -€20,924

Income statement
  • Gross operating margin -€54,634

    down €54,634 (-39.5%), from €138,207 to €83,573

  • Taxes -€14,757

    down €14,757 (-52.9%), from €27,874 to €13,118

  • Depreciation +€6,074

    up €6,074 (+39.4%), from €15,434 to €21,508

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €94,648
Gross operating margin -€54,634
Depreciation -€6,074
Other operating charges -€162
Financial income +€729
Financial charges -€481
Taxes +€14,757
Result 2025 €48,782
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€484,938
Investment -€6,984
Financing -€590,664
Cash 2024 €525,883
Net result for the year +€48,782
Depreciation +€21,508
Receivables within one year -€38,091
Deferred charges and accrued income -€19,006
Trade debts -€1,013
Tax, wage and social debts -€13,607
Other debts +€486,365
Investment in fixed assets (net) -€6,984
Debts after one year -€18,385
Current portion of long-term debt +€584
Contributions, distributions and other -€572,863
Cash 2025 €413,174
brings cash intakes cash out
Every line side by side 43 lines
Line Code 2024 2025 Change %
Total assets 20/58 €672,092 €601,956 -€70,136 -10.4%
Fixed assets 21/28 €80,600 €66,076 -€14,524 -18.0%
Tangible fixed assets 22/27 €80,600 €66,076 -€14,524 -18.0%
Land and buildings 22 - €6,432 +€6,432
Furniture and vehicles 24 €80,600 €59,644 -€20,956 -26.0%
Current assets 29/58 €591,492 €535,880 -€55,612 -9.4%
Amounts receivable within one year 40/41 €46,071 €84,162 +€38,091 +82.7%
Trade receivables 40 €44,501 €1,992 -€42,510 -95.5%
Other amounts receivable 41 €1,569 €82,170 +€80,601 +5,136%
Cash at bank and in hand 54/58 €525,883 €413,174 -€112,710 -21.4%
Deferred charges and accrued income 490/1 €19,538 €38,545 +€19,006 +97.3%
Total equity and liabilities 10/49 €672,092 €601,956 -€70,136 -10.4%
Equity 10/15 €586,886 €62,805 -€524,081 -89.3%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €568,286 €44,205 -€524,081 -92.2%
Tax-exempt reserves 132 €44,205 €44,205 = 0.0%
Distributable reserves 133 €524,081 €0 -€524,081 -100%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €85,206 €539,151 +€453,945 +533%
Amounts payable after more than one year 17 €45,468 €27,083 -€18,385 -40.4%
Financial debts 170/4 €45,468 €27,083 -€18,385 -40.4%
Amounts payable within one year 42/48 €39,738 €512,068 +€472,330 +1,189%
Current portion of amounts payable after more than one year 42 €17,801 €18,385 +€584 +3.3%
Trade debts 44 €1,013 €0 -€1,013 -100%
Suppliers 440/4 €1,013 €0 -€1,013 -100%
Taxes, remuneration and social security 45 €20,924 €7,317 -€13,607 -65.0%
Taxes 450/3 €20,924 €0 -€20,924 -100%
Remuneration and social security 454/9 - €7,317 +€7,317
Other amounts payable 47/48 €0 €486,365 +€486,365
Non-recurring operating income 76A €7,000 €0 -€7,000 -100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €15,434 €21,508 +€6,074 +39.4%
Other operating charges 640/8 €605 €768 +€162 +26.8%
Gross operating margin 9900 €138,207 €83,573 -€54,634 -39.5%
Operating profit (loss) 9901 €122,167 €61,297 -€60,870 -49.8%
Financial income 75/76B €1,658 €2,387 +€729 +43.9%
Recurring financial income 75 €1,658 €2,387 +€729 +43.9%
Financial charges 65/66B €1,303 €1,784 +€481 +36.9%
Recurring financial charges 65 €1,303 €1,784 +€481 +36.9%
Profit (loss) for the period before taxes 9903 €122,523 €61,900 -€60,622 -49.5%
Income taxes 67/77 €27,874 €13,118 -€14,757 -52.9%
Profit (loss) for the period 9904 €94,648 €48,782 -€45,866 -48.5%
Transfer to tax-exempt reserves 689 €44,205 €0 -€44,205 -100%
Profit (loss) for the period to be appropriated 9905 €50,443 €48,782 -€1,661 -3.3%

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 20 October 2026 via checked.be.