TEL - ELEC: 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.
TEL - ELEC
Largest movements
- Receivables within one year -€19,916
down €19,916 (-65.3%), from €30,497 to €10,581
of which Trade receivables: -€22,380
- Tangible fixed assets -€6,490
down €6,490 (-50.6%), from €12,815 to €6,325
of which Furniture and vehicles: -€6,139
- Cash +€3,811
up €3,811 (+29.3%), from €12,992 to €16,802
mainly Receivables within one year (+€19,916) and Depreciation (+€4,671)
- Stocks and contracts +€866
up €866 (+15.9%), from €5,432 to €6,298
- Reserves -€15,000
down €15,000 (-62.5%), from €24,000 to €9,000
of which Distributable reserves: -€15,000
- Trade debts -€8,554
down €8,554 (-51.6%), from €16,567 to €8,013
- Other debts +€1,892
up €1,892 (+148%), from €1,280 to €3,172
- Gross operating margin -€10,397
down €10,397, from €1,220 to -€9,177
- Depreciation +€421
up €421 (+9.9%), from €4,250 to €4,671
- Other operating charges +€103
up €103 (+13.5%), from €764 to €867
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 | €62,784 | €40,678 | -€22,106 | -35.2% |
| Fixed assets | 21/28 | €12,815 | €6,325 | -€6,490 | -50.6% |
| Tangible fixed assets | 22/27 | €12,815 | €6,325 | -€6,490 | -50.6% |
| Plant, machinery and equipment | 23 | €1,752 | €1,401 | -€351 | -20.0% |
| Furniture and vehicles | 24 | €11,062 | €4,924 | -€6,139 | -55.5% |
| Current assets | 29/58 | €49,969 | €34,353 | -€15,616 | -31.3% |
| Stocks and contracts in progress | 3 | €5,432 | €6,298 | +€866 | +15.9% |
| Stocks | 30/36 | €5,432 | €6,298 | +€866 | +15.9% |
| Amounts receivable within one year | 40/41 | €30,497 | €10,581 | -€19,916 | -65.3% |
| Trade receivables | 40 | €29,871 | €7,491 | -€22,380 | -74.9% |
| Other amounts receivable | 41 | €626 | €3,090 | +€2,464 | +394% |
| Cash at bank and in hand | 54/58 | €12,992 | €16,802 | +€3,811 | +29.3% |
| Deferred charges and accrued income | 490/1 | €1,048 | €671 | -€377 | -35.9% |
| Total equity and liabilities | 10/49 | €62,784 | €40,678 | -€22,106 | -35.2% |
| Equity | 10/15 | €43,762 | €28,393 | -€15,369 | -35.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €24,000 | €9,000 | -€15,000 | -62.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,000 | €9,000 | -€15,000 | -62.5% |
| Profit (loss) carried forward | 14 | €1,170 | €801 | -€369 | -31.5% |
| Amounts payable | 17/49 | €19,021 | €12,285 | -€6,736 | -35.4% |
| Amounts payable within one year | 42/48 | €18,525 | €11,915 | -€6,610 | -35.7% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €16,567 | €8,013 | -€8,554 | -51.6% |
| Suppliers | 440/4 | €16,567 | €8,013 | -€8,554 | -51.6% |
| Taxes, remuneration and social security | 45 | €678 | €714 | +€36 | +5.3% |
| Taxes | 450/3 | €678 | €714 | +€36 | +5.3% |
| Other amounts payable | 47/48 | €1,280 | €3,172 | +€1,892 | +148% |
| Accrued charges and deferred income | 492/3 | €496 | €370 | -€127 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,250 | €4,671 | +€421 | +9.9% |
| Other operating charges | 640/8 | €764 | €867 | +€103 | +13.5% |
| Non-recurring operating charges | 66A | €678 | €0 | -€678 | -100% |
| Gross operating margin | 9900 | €1,220 | -€9,177 | -€10,397 | |
| Operating profit (loss) | 9901 | -€4,472 | -€14,715 | -€10,243 | -229% |
| Financial income | 75/76B | €59 | €7 | -€53 | -88.6% |
| Recurring financial income | 75 | €59 | €7 | -€53 | -88.6% |
| Financial charges | 65/66B | €493 | €470 | -€23 | -4.7% |
| Recurring financial charges | 65 | €493 | €470 | -€23 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,906 | -€15,178 | -€10,272 | -209% |
| Income taxes | 67/77 | €193 | €191 | -€2 | -0.9% |
| Profit (loss) for the period | 9904 | -€5,098 | -€15,369 | -€10,271 | -201% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,098 | -€15,369 | -€10,271 | -201% |
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 18 October 2026 via checked.be.