TELECEM: 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.
TELECEM
Largest movements
- Receivables within one year -€186,025
down €186,025 (-52.8%), from €352,378 to €166,353
of which Trade receivables: -€187,447
- Cash +€13,649
up €13,649 (+9.7%), from €141,164 to €154,813
mainly Receivables within one year (+€186,025) and Depreciation (+€10,615)
- Tangible fixed assets -€10,615
down €10,615 (-90.7%), from €11,706 to €1,091
- Trade debts -€101,615
down €101,615 (-33.7%), from €301,907 to €200,292
- Profit (loss) carried forward -€57,188
down €57,188 (-81.0%), from €70,565 to €13,377
- Tax, wage and social debts -€12,678
down €12,678 (-32.9%), from €38,575 to €25,898
of which Remuneration and social security: -€9,337
- Other debts -€9,249
down €9,249 (-19.1%), from €48,332 to €39,083
- Gross operating margin -€71,786
down €71,786 (-70.6%), from €101,634 to €29,848
- Staff costs +€42,241
up €42,241 (+125.5%), from €33,669 to €75,910
- Depreciation +€2,628
up €2,628 (+32.9%), from €7,987 to €10,615
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 | €527,592 | €346,299 | -€181,292 | -34.4% |
| Fixed assets | 21/28 | €11,706 | €1,091 | -€10,615 | -90.7% |
| Tangible fixed assets | 22/27 | €11,706 | €1,091 | -€10,615 | -90.7% |
| Furniture and vehicles | 24 | €11,706 | €1,091 | -€10,615 | -90.7% |
| Current assets | 29/58 | €515,885 | €345,208 | -€170,677 | -33.1% |
| Stocks and contracts in progress | 3 | €21,000 | €22,700 | +€1,700 | +8.1% |
| Stocks | 30/36 | €21,000 | €22,700 | +€1,700 | +8.1% |
| Amounts receivable within one year | 40/41 | €352,378 | €166,353 | -€186,025 | -52.8% |
| Trade receivables | 40 | €348,695 | €161,248 | -€187,447 | -53.8% |
| Other amounts receivable | 41 | €3,682 | €5,105 | +€1,423 | +38.6% |
| Cash at bank and in hand | 54/58 | €141,164 | €154,813 | +€13,649 | +9.7% |
| Deferred charges and accrued income | 490/1 | €1,344 | €1,342 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €527,592 | €346,299 | -€181,292 | -34.4% |
| Equity | 10/15 | €138,215 | €81,027 | -€57,188 | -41.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,565 | €13,377 | -€57,188 | -81.0% |
| Amounts payable | 17/49 | €389,376 | €265,272 | -€124,104 | -31.9% |
| Amounts payable within one year | 42/48 | €388,814 | €265,272 | -€123,542 | -31.8% |
| Trade debts | 44 | €301,907 | €200,292 | -€101,615 | -33.7% |
| Suppliers | 440/4 | €301,907 | €200,292 | -€101,615 | -33.7% |
| Taxes, remuneration and social security | 45 | €38,575 | €25,898 | -€12,678 | -32.9% |
| Taxes | 450/3 | €22,565 | €19,224 | -€3,341 | -14.8% |
| Remuneration and social security | 454/9 | €16,010 | €6,673 | -€9,337 | -58.3% |
| Other amounts payable | 47/48 | €48,332 | €39,083 | -€9,249 | -19.1% |
| Accrued charges and deferred income | 492/3 | €562 | - | -€562 | |
| Remuneration, social security and pensions | 62 | €33,669 | €75,910 | +€42,241 | +125.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,987 | €10,615 | +€2,628 | +32.9% |
| Other operating charges | 640/8 | €1,074 | €1,121 | +€48 | +4.5% |
| Gross operating margin | 9900 | €101,634 | €29,848 | -€71,786 | -70.6% |
| Operating profit (loss) | 9901 | €58,904 | -€57,799 | -€116,704 | |
| Financial charges | 65/66B | €724 | €1,159 | +€435 | +60.0% |
| Recurring financial charges | 65 | €724 | €1,159 | +€435 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €58,181 | -€58,958 | -€117,138 | |
| Income taxes | 67/77 | €366 | €322 | -€44 | -12.0% |
| Profit (loss) for the period | 9904 | €57,814 | -€59,280 | -€117,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,814 | -€59,280 | -€117,095 |
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 30 September 2026 via checked.be.