TEFCOLD BE: 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.
What changed
TEFCOLD BE
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€742,209
2024 · €274,275+€467,935
Equity
€5.6m
2024 · €4.9m+€742,209
Cash
€1.2m
2024 · €1.4m-€160,467
Balance sheet total
€7.4m
2024 · €6.2m+€1.2m
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+78.2%), from €1.7m to €3.1m
of which Trade receivables: +€1.1m
- Cash -€160,467
down €160,467 (-11.5%), from €1.4m to €1.2m
mainly Receivables within one year (-€1.4m) and Stocks and contracts (-€75,791)
- Tangible fixed assets -€86,631
down €86,631 (-38.7%), from €223,784 to €137,153
of which Furniture and vehicles: -€78,306
- Stocks and contracts +€75,791
up €75,791 (+2.7%), from €2.9m to €2.9m
Equity and liabilities
- Reserves +€742,209
up €742,209 (+15.4%), from €4.8m to €5.6m
of which Distributable reserves: +€742,209
- Tax, wage and social debts +€399,777
up €399,777 (+215.5%), from €185,505 to €585,282
of which Taxes: +€453,750
- Accrued charges and deferred income +€123,460
up €123,460 (+4607.2%), from €2,680 to €126,139
Income statement
- Turnover +€2.5m
up €2.5m (+20.9%), from €12.1m to €14.7m
- Goods and materials +€1.6m
up €1.6m (+19.1%), from €8.4m to €10.1m
of which Purchases: +€1.8m
- Taxes +€156,443
up €156,443 (+111.2%), from €140,703 to €297,146
of which Taxes: +€146,382
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.
Result 2024
€274,275
Turnover
+€2.5m
Other operating income
-€3,010
Goods and materials
-€1.6m
Services and other goods
-€146,422
Staff costs
-€37,322
Depreciation
+€8,115
Write-downs
-€29,010
Other operating charges
-€10,615
Other operating items
-€5,936
Financial income
-€82,075
Financial charges
+€8,949
Taxes
-€156,443
Result 2025
€742,209
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.
From operations
-€180,950
Investment
+€20,484
Financing
€0
Cash 2024
€1.4m
From operations (derived)
-€180,950
Net result for the year
+€742,209
Depreciation
+€66,147
Stocks and contracts
-€75,791
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€32,655
Provisions
-€19,911
Trade debts
-€34,168
Tax, wage and social debts
+€399,777
Accrued charges and deferred income
+€123,460
Investment (derived)
+€20,484
Investment in fixed assets (net)
+€20,484
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,206,098 | €7,417,467 | +€1.2m | +19.5% |
| Fixed assets | 21/28 | €226,833 | €140,202 | -€86,631 | -38.2% |
| Tangible fixed assets | 22/27 | €223,784 | €137,153 | -€86,631 | -38.7% |
| Plant, machinery and equipment | 23 | €90,573 | €82,248 | -€8,325 | -9.2% |
| Furniture and vehicles | 24 | €133,210 | €54,905 | -€78,306 | -58.8% |
| Financial fixed assets | 28 | €3,049 | €3,049 | = | 0.0% |
| Affiliated companies | 280/1 | €3,049 | €3,049 | = | 0.0% |
| Participating interests | 280 | €3,049 | €3,049 | = | 0.0% |
| Current assets | 29/58 | €5,979,266 | €7,277,265 | +€1.3m | +21.7% |
| Stocks and contracts in progress | 3 | €2,854,638 | €2,930,429 | +€75,791 | +2.7% |
| Stocks | 30/36 | €2,854,638 | €2,930,429 | +€75,791 | +2.7% |
| Goods purchased for resale | 34 | €2,854,638 | €2,930,429 | +€75,791 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,726,490 | €3,076,510 | +€1.4m | +78.2% |
| Trade receivables | 40 | €1,596,195 | €2,704,468 | +€1.1m | +69.4% |
| Other amounts receivable | 41 | €130,295 | €372,042 | +€241,747 | +185.5% |
| Cash at bank and in hand | 54/58 | €1,398,138 | €1,237,671 | -€160,467 | -11.5% |
| Deferred charges and accrued income | 490/1 | €0 | €32,655 | +€32,655 | |
| Total equity and liabilities | 10/49 | €6,206,098 | €7,417,467 | +€1.2m | +19.5% |
| Equity | 10/15 | €4,891,636 | €5,633,845 | +€742,209 | +15.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,829,636 | €5,571,845 | +€742,209 | +15.4% |
| Non-distributable reserves | 130/1 | €51,692 | €51,692 | = | 0.0% |
| Legal reserve | 130 | €51,692 | €51,692 | = | 0.0% |
| Distributable reserves | 133 | €4,777,944 | €5,520,153 | +€742,209 | +15.5% |
| Provisions and deferred taxes | 16 | €106,299 | €86,388 | -€19,911 | -18.7% |
| Provisions for liabilities and charges | 160/5 | €106,299 | €86,388 | -€19,911 | -18.7% |
| Other liabilities and charges | 164/5 | €106,299 | €86,388 | -€19,911 | -18.7% |
| Amounts payable | 17/49 | €1,208,164 | €1,697,233 | +€489,070 | +40.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,205,484 | €1,571,094 | +€365,610 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,019,980 | €985,812 | -€34,168 | -3.3% |
| Suppliers | 440/4 | €1,019,980 | €985,812 | -€34,168 | -3.3% |
| Taxes, remuneration and social security | 45 | €185,505 | €585,282 | +€399,777 | +215.5% |
| Taxes | 450/3 | €30,587 | €484,337 | +€453,750 | +1483.5% |
| Remuneration and social security | 454/9 | €154,918 | €100,945 | -€53,973 | -34.8% |
| Accrued charges and deferred income | 492/3 | €2,680 | €126,139 | +€123,460 | +4607.2% |
| Operating income | 70/76A | €12,135,091 | €14,668,967 | +€2.5m | +20.9% |
| Turnover | 70 | €12,131,313 | €14,668,967 | +€2.5m | +20.9% |
| Other operating income | 74 | €3,010 | €0 | -€3,010 | -100.0% |
| Non-recurring operating income | 76A | €768 | €0 | -€768 | -100.0% |
| Operating charges | 60/66A | €11,784,598 | €13,620,970 | +€1.8m | +15.6% |
| Goods for resale, raw materials and consumables | 60 | €8,449,530 | €10,065,480 | +€1.6m | +19.1% |
| Purchases | 600/8 | €8,191,368 | €9,965,757 | +€1.8m | +21.7% |
| Change in stocks: decrease (increase) | 609 | €258,162 | €99,724 | -€158,439 | -61.4% |
| Services and other goods | 61 | €1,998,011 | €2,144,433 | +€146,422 | +7.3% |
| Remuneration, social security and pensions | 62 | €1,272,704 | €1,310,026 | +€37,322 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,263 | €66,147 | -€8,115 | -10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,550 | €12,460 | +€29,010 | |
| Other operating charges | 640/8 | €6,640 | €17,256 | +€10,615 | +159.9% |
| Non-recurring operating charges | 66A | - | €5,169 | +€5,169 | |
| Operating profit (loss) | 9901 | €350,493 | €1,047,997 | +€697,504 | +199.0% |
| Financial income | 75/76B | €103,846 | €21,771 | -€82,075 | -79.0% |
| Recurring financial income | 75 | €103,846 | €21,771 | -€82,075 | -79.0% |
| Income from financial fixed assets | 750 | €30,522 | €8,810 | -€21,712 | -71.1% |
| Other financial income | 752/9 | €73,324 | €12,961 | -€60,362 | -82.3% |
| Financial charges | 65/66B | €39,361 | €30,413 | -€8,949 | -22.7% |
| Recurring financial charges | 65 | €39,361 | €30,413 | -€8,949 | -22.7% |
| Debt charges | 650 | €1,678 | €0 | -€1,678 | -100.0% |
| Other financial charges | 652/9 | €37,683 | €30,413 | -€7,271 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €414,977 | €1,039,355 | +€624,378 | +150.5% |
| Income taxes | 67/77 | €140,703 | €297,146 | +€156,443 | +111.2% |
| Taxes | 670/3 | €150,764 | €297,146 | +€146,382 | +97.1% |
| Tax adjustments and reversals of tax provisions | 77 | €10,061 | €0 | -€10,061 | -100.0% |
| Profit (loss) for the period | 9904 | €274,275 | €742,209 | +€467,935 | +170.6% |
| Profit (loss) for the period to be appropriated | 9905 | €274,275 | €742,209 | +€467,935 | +170.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.