TELCOMA: 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.
TELCOMA
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+250.7%), from €519,800 to €1.8m
- Tangible fixed assets +€38,818
up €38,818 (+185.8%), from €20,889 to €59,707
of which Land and buildings: +€44,641
- Debts after one year +€1.0m
up €1.0m (+488.4%), from €212,942 to €1.3m
- Current portion of long-term debt +€212,484
up €212,484 (+384.1%), from €55,326 to €267,810
- Profit (loss) carried forward +€89,758
up €89,758 (+82.5%), from €108,842 to €198,600
- Gross operating margin +€60,879
up €60,879 (+69.8%), from €87,267 to €148,146
- Turnover +€51,359
up €51,359 (+39.7%), from €129,324 to €180,683
- Purchases and services -€10,933
down €10,933 (-21.3%), from €51,335 to €40,402
- Staff costs +€6,474
up €6,474 (+1534.1%), from €422 to €6,896
- Taxes +€6,155
up €6,155 (+23.3%), from €26,360 to €32,515
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 | €552,682 | €1,896,891 | +€1.3m | +243.2% |
| Fixed assets | 21/28 | €540,689 | €1,882,512 | +€1.3m | +248.2% |
| Tangible fixed assets | 22/27 | €20,889 | €59,707 | +€38,818 | +185.8% |
| Land and buildings | 22 | - | €44,641 | +€44,641 | |
| Plant, machinery and equipment | 23 | €12,251 | €11,272 | -€979 | -8.0% |
| Furniture and vehicles | 24 | €8,638 | €3,794 | -€4,844 | -56.1% |
| Financial fixed assets | 28 | €519,800 | €1,822,805 | +€1.3m | +250.7% |
| Current assets | 29/58 | €11,993 | €14,379 | +€2,386 | +19.9% |
| Amounts receivable within one year | 40/41 | €50 | - | -€50 | |
| Trade receivables | 40 | €50 | - | -€50 | |
| Cash at bank and in hand | 54/58 | €11,943 | €13,602 | +€1,659 | +13.9% |
| Deferred charges and accrued income | 490/1 | - | €777 | +€777 | |
| Total equity and liabilities | 10/49 | €552,682 | €1,896,891 | +€1.3m | +243.2% |
| Equity | 10/15 | €208,329 | €298,087 | +€89,758 | +43.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,487 | €96,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,730 | €9,730 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,730 | €9,730 | = | 0.0% |
| Distributable reserves | 133 | €86,757 | €86,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,842 | €198,600 | +€89,758 | +82.5% |
| Amounts payable | 17/49 | €344,353 | €1,598,804 | +€1.3m | +364.3% |
| Amounts payable after more than one year | 17 | €212,942 | €1,252,984 | +€1.0m | +488.4% |
| Financial debts | 170/4 | €212,942 | €1,252,984 | +€1.0m | +488.4% |
| Amounts payable within one year | 42/48 | €131,411 | €343,765 | +€212,354 | +161.6% |
| Current portion of amounts payable after more than one year | 42 | €55,326 | €267,810 | +€212,484 | +384.1% |
| Trade debts | 44 | €2,202 | €600 | -€1,602 | -72.8% |
| Suppliers | 440/4 | €2,202 | €600 | -€1,602 | -72.8% |
| Taxes, remuneration and social security | 45 | €51,030 | €50,499 | -€531 | -1.0% |
| Taxes | 450/3 | €51,030 | €50,499 | -€531 | -1.0% |
| Other amounts payable | 47/48 | €22,853 | €24,856 | +€2,003 | +8.8% |
| Accrued charges and deferred income | 492/3 | - | €2,055 | +€2,055 | |
| Turnover | 70 | €129,324 | €180,683 | +€51,359 | +39.7% |
| Non-recurring operating income | 76A | €9,278 | €7,865 | -€1,413 | -15.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €51,335 | €40,402 | -€10,933 | -21.3% |
| Remuneration, social security and pensions | 62 | €422 | €6,896 | +€6,474 | +1534.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,250 | €6,451 | +€3,201 | +98.5% |
| Other operating charges | 640/8 | €613 | €1,028 | +€415 | +67.7% |
| Gross operating margin | 9900 | €87,267 | €148,146 | +€60,879 | +69.8% |
| Operating profit (loss) | 9901 | €82,982 | €133,771 | +€50,789 | +61.2% |
| Financial charges | 65/66B | €11,865 | €11,498 | -€367 | -3.1% |
| Recurring financial charges | 65 | €11,865 | €11,498 | -€367 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €71,117 | €122,273 | +€51,156 | +71.9% |
| Income taxes | 67/77 | €26,360 | €32,515 | +€6,155 | +23.3% |
| Profit (loss) for the period | 9904 | €44,757 | €89,758 | +€45,001 | +100.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,757 | €89,758 | +€45,001 | +100.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.