C-TELEC: 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.
C-TELEC
Largest movements
- Tangible fixed assets +€30,994
up €30,994 (+383.6%), from €8,081 to €39,075
of which Furniture and vehicles: +€28,045
- Cash +€16,917
up €16,917 (+52.2%), from €32,428 to €49,345
mainly Other debts (+€24,053) and Debts after one year (+€22,549)
- Deferred charges and accrued income +€5,753
up €5,753 (+1125.5%), from €511 to €6,264
- Receivables within one year +€1,860
new in 2025: €1,860
- Other debts +€24,053
up €24,053 (+1754.8%), from €1,371 to €25,424
- Debts after one year +€22,549
new in 2025: €22,549
- Trade debts +€10,753
new in 2025: €10,753
- Profit (loss) carried forward -€4,773
down €4,773 (-28.7%), from -€16,616 to -€21,389
- Current portion of long-term debt +€1,888
up €1,888 (+66.0%), from €2,861 to €4,749
- Staff costs -€14,802
down €14,802 (-13.7%), from €107,700 to €92,898
- Depreciation -€3,146
down €3,146 (-30.3%), from €10,388 to €7,242
- Gross operating margin -€2,508
down €2,508 (-2.5%), from €101,146 to €98,638
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 | €42,020 | €97,543 | +€55,524 | +132.1% |
| Fixed assets | 21/28 | €9,081 | €40,075 | +€30,994 | +341.3% |
| Tangible fixed assets | 22/27 | €8,081 | €39,075 | +€30,994 | +383.6% |
| Plant, machinery and equipment | 23 | €1,695 | €3,045 | +€1,350 | +79.6% |
| Furniture and vehicles | 24 | €6,386 | €34,430 | +€28,045 | +439.2% |
| Other tangible fixed assets | 26 | - | €1,599 | +€1,599 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €32,939 | €57,469 | +€24,530 | +74.5% |
| Amounts receivable within one year | 40/41 | - | €1,860 | +€1,860 | |
| Trade receivables | 40 | - | €1,860 | +€1,860 | |
| Cash at bank and in hand | 54/58 | €32,428 | €49,345 | +€16,917 | +52.2% |
| Deferred charges and accrued income | 490/1 | €511 | €6,264 | +€5,753 | +1125.5% |
| Total equity and liabilities | 10/49 | €42,020 | €97,543 | +€55,524 | +132.1% |
| Equity | 10/15 | €15,889 | €11,116 | -€4,773 | -30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,905 | €13,905 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,045 | €12,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,616 | -€21,389 | -€4,773 | -28.7% |
| Amounts payable | 17/49 | €26,130 | €86,427 | +€60,297 | +230.8% |
| Amounts payable after more than one year | 17 | - | €22,549 | +€22,549 | |
| Financial debts | 170/4 | - | €22,549 | +€22,549 | |
| Amounts payable within one year | 42/48 | €25,380 | €63,868 | +€38,488 | +151.6% |
| Current portion of amounts payable after more than one year | 42 | €2,861 | €4,749 | +€1,888 | +66.0% |
| Trade debts | 44 | - | €10,753 | +€10,753 | |
| Suppliers | 440/4 | - | €10,753 | +€10,753 | |
| Taxes, remuneration and social security | 45 | €21,149 | €22,942 | +€1,793 | +8.5% |
| Taxes | 450/3 | €5,964 | €6,025 | +€61 | +1.0% |
| Remuneration and social security | 454/9 | €15,185 | €16,917 | +€1,732 | +11.4% |
| Other amounts payable | 47/48 | €1,371 | €25,424 | +€24,053 | +1754.8% |
| Accrued charges and deferred income | 492/3 | €750 | €10 | -€740 | -98.6% |
| Remuneration, social security and pensions | 62 | €107,700 | €92,898 | -€14,802 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,388 | €7,242 | -€3,146 | -30.3% |
| Other operating charges | 640/8 | €63 | €855 | +€792 | +1254.9% |
| Gross operating margin | 9900 | €101,146 | €98,638 | -€2,508 | -2.5% |
| Operating profit (loss) | 9901 | -€17,005 | -€2,357 | +€14,649 | +86.1% |
| Financial income | 75/76B | €806 | €4 | -€802 | -99.5% |
| Recurring financial income | 75 | €806 | €4 | -€802 | -99.5% |
| Financial charges | 65/66B | €139 | €337 | +€198 | +141.8% |
| Recurring financial charges | 65 | €139 | €337 | +€198 | +141.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,339 | -€2,689 | +€13,650 | +83.5% |
| Income taxes | 67/77 | €277 | €273 | -€3 | -1.2% |
| Profit (loss) for the period | 9904 | -€16,616 | -€2,963 | +€13,653 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,616 | -€2,963 | +€13,653 | +82.2% |
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 10 October 2026 via checked.be.