TELARON: 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
TELARON
NACE 46.500, Wholesale of information and communication equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,367
2024 · -€187,537+€215,903
Equity
€542,688
2024 · €514,321+€28,367
Cash
€3,509
2024 · €6,216-€2,707
Balance sheet total
€956,723
2024 · €962,003-€5,280
Largest movements
Assets
- Receivables within one year -€11,018
down €11,018 (-5.6%), from €198,498 to €187,480
of which Other amounts receivable: -€12,217
Equity and liabilities
- Short-term financial debts -€64,720
down €64,720 (-65.4%), from €98,887 to €34,166
- Debts after one year +€44,553
up €44,553 (+41.4%), from €107,500 to €152,053
- Profit (loss) carried forward +€28,367
up €28,367 (+5.9%), from €481,321 to €509,688
- Trade debts -€16,070
down €16,070 (-9.4%), from €170,156 to €154,087
Income statement
- Gross operating margin +€127,659
up €127,659 (+102.2%), from €124,926 to €252,585
- Write-downs -€111,235
down €111,235 (-100.0%), from €111,235 to €0
- Staff costs +€25,758
up €25,758 (+15.7%), from €164,088 to €189,847
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
-€187,537
Gross operating margin
+€127,659
Staff costs
-€25,758
Depreciation
-€1,238
Write-downs
+€111,235
Other operating charges
+€1,225
Financial income
+€128
Financial charges
+€1,799
Taxes
+€854
Result 2025
€28,367
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
+€18,389
Investment
-€929
Financing
-€20,167
Cash 2024
€6,216
From operations (derived)
+€18,389
Net result for the year
+€28,367
Depreciation
+€7,534
Stocks and contracts
-€7,771
Receivables within one year
+€11,018
Deferred charges and accrued income
-€7,279
Trade debts
-€16,070
Tax, wage and social debts
+€3,909
Advances received
+€93
Accrued charges and deferred income
-€1,411
Investment (derived)
-€929
Investment in fixed assets (net)
-€929
Financing
-€20,167
Debts after one year
+€44,553
Short-term financial debts
-€64,720
Cash 2025
€3,509
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €962,003 | €956,723 | -€5,280 | -0.5% |
| Fixed assets | 21/28 | €18,374 | €11,770 | -€6,605 | -35.9% |
| Tangible fixed assets | 22/27 | €18,294 | €11,690 | -€6,605 | -36.1% |
| Plant, machinery and equipment | 23 | €1,059 | €737 | -€322 | -30.4% |
| Furniture and vehicles | 24 | €3,575 | €1,923 | -€1,652 | -46.2% |
| Other tangible fixed assets | 26 | €13,660 | €9,030 | -€4,630 | -33.9% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €943,629 | €944,954 | +€1,325 | +0.1% |
| Stocks and contracts in progress | 3 | €737,991 | €745,762 | +€7,771 | +1.1% |
| Stocks | 30/36 | €737,991 | €745,762 | +€7,771 | +1.1% |
| Amounts receivable within one year | 40/41 | €198,498 | €187,480 | -€11,018 | -5.6% |
| Trade receivables | 40 | €174,929 | €176,128 | +€1,199 | +0.7% |
| Other amounts receivable | 41 | €23,569 | €11,351 | -€12,217 | -51.8% |
| Cash at bank and in hand | 54/58 | €6,216 | €3,509 | -€2,707 | -43.5% |
| Deferred charges and accrued income | 490/1 | €924 | €8,202 | +€7,279 | +788.1% |
| Total equity and liabilities | 10/49 | €962,003 | €956,723 | -€5,280 | -0.5% |
| Equity | 10/15 | €514,321 | €542,688 | +€28,367 | +5.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €481,321 | €509,688 | +€28,367 | +5.9% |
| Amounts payable | 17/49 | €447,681 | €414,035 | -€33,646 | -7.5% |
| Amounts payable after more than one year | 17 | €107,500 | €152,053 | +€44,553 | +41.4% |
| Financial debts | 170/4 | €107,500 | €152,053 | +€44,553 | +41.4% |
| Amounts payable within one year | 42/48 | €338,771 | €261,982 | -€76,789 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €98,887 | €34,166 | -€64,720 | -65.4% |
| Credit institutions | 430/8 | €98,887 | €34,166 | -€64,720 | -65.4% |
| Trade debts | 44 | €170,156 | €154,087 | -€16,070 | -9.4% |
| Suppliers | 440/4 | €170,156 | €154,087 | -€16,070 | -9.4% |
| Advances received on contracts in progress | 46 | - | €93 | +€93 | |
| Taxes, remuneration and social security | 45 | €69,728 | €73,636 | +€3,909 | +5.6% |
| Taxes | 450/3 | €30,621 | €23,447 | -€7,174 | -23.4% |
| Remuneration and social security | 454/9 | €39,107 | €50,190 | +€11,083 | +28.3% |
| Accrued charges and deferred income | 492/3 | €1,411 | €0 | -€1,411 | -100.0% |
| Remuneration, social security and pensions | 62 | €164,088 | €189,847 | +€25,758 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,296 | €7,534 | +€1,238 | +19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €111,235 | €0 | -€111,235 | -100.0% |
| Other operating charges | 640/8 | €2,934 | €1,709 | -€1,225 | -41.7% |
| Non-recurring operating charges | 66A | - | -€0 | -€0 | |
| Gross operating margin | 9900 | €124,926 | €252,585 | +€127,659 | +102.2% |
| Operating profit (loss) | 9901 | -€159,627 | €53,496 | +€213,123 | |
| Financial income | 75/76B | €199 | €327 | +€128 | +64.4% |
| Recurring financial income | 75 | €199 | €327 | +€128 | +64.4% |
| Non-recurring financial income | 76B | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €27,060 | €25,261 | -€1,799 | -6.6% |
| Recurring financial charges | 65 | €27,060 | €25,261 | -€1,799 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€186,488 | €28,561 | +€215,049 | |
| Income taxes | 67/77 | €1,048 | €194 | -€854 | -81.5% |
| Profit (loss) for the period | 9904 | -€187,537 | €28,367 | +€215,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€187,537 | €28,367 | +€215,903 |
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 10 October 2026 via checked.be.