TELCOMSERV: 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.
TELCOMSERV
Largest movements
- Stocks and contracts +€112,592
up €112,592 (+33.0%), from €341,319 to €453,911
of which Contracts in progress: +€74,692
- Receivables within one year -€89,260
down €89,260 (-16.0%), from €558,488 to €469,229
of which Trade receivables: -€88,237
- Cash -€28,061
down €28,061 (-57.3%), from €48,961 to €20,900
mainly Stocks and contracts (-€112,592) and Trade debts (-€59,494)
- Tangible fixed assets -€21,856
down €21,856 (-57.5%), from €38,022 to €16,166
of which Plant, machinery and equipment: -€15,804
- Trade debts -€59,494
down €59,494 (-34.2%), from €173,963 to €114,469
- Other debts -€22,728
down €22,728 (-4.8%), from €472,360 to €449,631
- Short-term financial debts +€19,857
up €19,857 (+8.6%), from €230,479 to €250,336
- Advances received +€17,301
new in 2024: €17,301
- Current portion of long-term debt +€15,484
up €15,484 (+347.3%), from €4,459 to €19,942
- Staff costs +€55,315
up €55,315 (+15.6%), from €353,561 to €408,875
- Gross operating margin +€38,251
up €38,251 (+9.4%), from €408,004 to €446,256
- Depreciation -€27,976
down €27,976 (-77.3%), from €36,201 to €8,225
- Financial charges +€4,626
up €4,626 (+27.6%), from €16,775 to €21,401
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €993,879 | €966,997 | -€26,882 | -2.7% |
| Fixed assets | 21/28 | €38,022 | €16,166 | -€21,856 | -57.5% |
| Tangible fixed assets | 22/27 | €38,022 | €16,166 | -€21,856 | -57.5% |
| Plant, machinery and equipment | 23 | €26,894 | €11,090 | -€15,804 | -58.8% |
| Furniture and vehicles | 24 | €11,128 | €5,076 | -€6,052 | -54.4% |
| Current assets | 29/58 | €955,856 | €950,831 | -€5,025 | -0.5% |
| Stocks and contracts in progress | 3 | €341,319 | €453,911 | +€112,592 | +33.0% |
| Stocks | 30/36 | €127,400 | €165,300 | +€37,900 | +29.7% |
| Contracts in progress | 37 | €213,919 | €288,611 | +€74,692 | +34.9% |
| Amounts receivable within one year | 40/41 | €558,488 | €469,229 | -€89,260 | -16.0% |
| Trade receivables | 40 | €543,733 | €455,496 | -€88,237 | -16.2% |
| Other amounts receivable | 41 | €14,756 | €13,733 | -€1,023 | -6.9% |
| Cash at bank and in hand | 54/58 | €48,961 | €20,900 | -€28,061 | -57.3% |
| Deferred charges and accrued income | 490/1 | €7,088 | €6,791 | -€297 | -4.2% |
| Total equity and liabilities | 10/49 | €993,879 | €966,997 | -€26,882 | -2.7% |
| Equity | 10/15 | €64,160 | €62,888 | -€1,271 | -2.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Reserves not available under the articles | 1311 | €2,500 | - | -€2,500 | |
| Distributable reserves | 133 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €36,660 | €35,388 | -€1,271 | -3.5% |
| Amounts payable | 17/49 | €929,719 | €904,109 | -€25,610 | -2.8% |
| Amounts payable after more than one year | 17 | €2,997 | - | -€2,997 | |
| Financial debts | 170/4 | €2,997 | - | -€2,997 | |
| Amounts payable within one year | 42/48 | €926,721 | €904,109 | -€22,613 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €4,459 | €19,942 | +€15,484 | +347.3% |
| Financial debts | 43 | €230,479 | €250,336 | +€19,857 | +8.6% |
| Credit institutions | 430/8 | €230,479 | €250,336 | +€19,857 | +8.6% |
| Trade debts | 44 | €173,963 | €114,469 | -€59,494 | -34.2% |
| Suppliers | 440/4 | €173,963 | €114,469 | -€59,494 | -34.2% |
| Advances received on contracts in progress | 46 | - | €17,301 | +€17,301 | |
| Taxes, remuneration and social security | 45 | €45,461 | €52,429 | +€6,968 | +15.3% |
| Taxes | 450/3 | €18,079 | €16,576 | -€1,502 | -8.3% |
| Remuneration and social security | 454/9 | €27,383 | €35,853 | +€8,470 | +30.9% |
| Other amounts payable | 47/48 | €472,360 | €449,631 | -€22,728 | -4.8% |
| Non-recurring operating income | 76A | - | €10,500 | +€10,500 | |
| Remuneration, social security and pensions | 62 | €353,561 | €408,875 | +€55,315 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,201 | €8,225 | -€27,976 | -77.3% |
| Other operating charges | 640/8 | €502 | €4,187 | +€3,685 | +733.8% |
| Non-recurring operating charges | 66A | - | €2,562 | +€2,562 | |
| Gross operating margin | 9900 | €408,004 | €446,256 | +€38,251 | +9.4% |
| Operating profit (loss) | 9901 | €17,740 | €22,406 | +€4,666 | +26.3% |
| Financial income | 75/76B | €29 | €9 | -€20 | -70.2% |
| Recurring financial income | 75 | €29 | €9 | -€20 | -70.2% |
| Financial charges | 65/66B | €16,775 | €21,401 | +€4,626 | +27.6% |
| Recurring financial charges | 65 | €16,775 | €21,401 | +€4,626 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €994 | €1,014 | +€20 | +2.0% |
| Income taxes | 67/77 | €757 | €2,286 | +€1,529 | +202.1% |
| Profit (loss) for the period | 9904 | €238 | -€1,271 | -€1,509 | |
| Profit (loss) for the period to be appropriated | 9905 | €238 | -€1,271 | -€1,509 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.