TELECOM-ENERGIE-SERVICES: what changed
TELECOM-ENERGIE-SERVICES
Largest movements
- Receivables within one year -€88,519
down €88,519 (-84.6%), from €104,657 to €16,138
of which Trade receivables: -€80,571
- Tangible fixed assets -€7,287
down €7,287 (-38.8%), from €18,783 to €11,497
of which Furniture and vehicles: -€5,216
- Stocks and contracts +€2,207
new in 2023: €2,207
- Cash -€1,620
down €1,620 (-21.0%), from €7,714 to €6,094
mainly Trade debts (-€55,791) and Debts after one year (-€24,030)
- Trade debts -€55,791
down €55,791 (-77.9%), from €71,647 to €15,856
- Debts after one year -€24,030
down €24,030 (-95.3%), from €25,209 to €1,179
- Profit (loss) carried forward -€15,216
down €15,216 (-31.1%), from -€48,959 to -€64,176
- Tax, wage and social debts -€4,916
down €4,916 (-41.7%), from €11,794 to €6,877
of which Taxes: -€5,244
- Current portion of long-term debt +€3,795
up €3,795 (+95.3%), from €3,980 to €7,775
- Staff costs +€25,049
up €25,049 (+300%), from €8,348 to €33,397
- Gross operating margin -€6,990
down €6,990 (-13.3%), from €52,739 to €45,749
- Other operating charges -€3,191
down €3,191 (-71.6%), from €4,456 to €1,264
- Financial charges +€935
up €935 (+86.3%), from €1,084 to €2,020
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,721 | €41,562 | -€95,159 | -69.6% |
| Fixed assets | 21/28 | €22,183 | €14,897 | -€7,287 | -32.8% |
| Tangible fixed assets | 22/27 | €18,783 | €11,497 | -€7,287 | -38.8% |
| Plant, machinery and equipment | 23 | €2,188 | €1,480 | -€709 | -32.4% |
| Furniture and vehicles | 24 | €5,504 | €288 | -€5,216 | -94.8% |
| Other tangible fixed assets | 26 | €11,091 | €9,729 | -€1,362 | -12.3% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €114,538 | €26,665 | -€87,872 | -76.7% |
| Stocks and contracts in progress | 3 | - | €2,207 | +€2,207 | |
| Stocks | 30/36 | - | €2,207 | +€2,207 | |
| Amounts receivable within one year | 40/41 | €104,657 | €16,138 | -€88,519 | -84.6% |
| Trade receivables | 40 | €85,861 | €5,290 | -€80,571 | -93.8% |
| Other amounts receivable | 41 | €18,796 | €10,847 | -€7,948 | -42.3% |
| Current investments | 50/53 | €2,167 | €907 | -€1,260 | -58.1% |
| Cash at bank and in hand | 54/58 | €7,714 | €6,094 | -€1,620 | -21.0% |
| Deferred charges and accrued income | 490/1 | - | €1,319 | +€1,319 | |
| Total equity and liabilities | 10/49 | €136,721 | €41,562 | -€95,159 | -69.6% |
| Equity | 10/15 | €23,091 | €7,875 | -€15,216 | -65.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,450 | €53,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,590 | €51,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,959 | -€64,176 | -€15,216 | -31.1% |
| Amounts payable | 17/49 | €113,630 | €33,687 | -€79,943 | -70.4% |
| Amounts payable after more than one year | 17 | €25,209 | €1,179 | -€24,030 | -95.3% |
| Financial debts | 170/4 | €25,209 | €1,179 | -€24,030 | -95.3% |
| Amounts payable within one year | 42/48 | €88,421 | €32,509 | -€55,913 | -63.2% |
| Current portion of amounts payable after more than one year | 42 | €3,980 | €7,775 | +€3,795 | +95.3% |
| Trade debts | 44 | €71,647 | €15,856 | -€55,791 | -77.9% |
| Suppliers | 440/4 | €71,647 | €15,856 | -€55,791 | -77.9% |
| Taxes, remuneration and social security | 45 | €11,794 | €6,877 | -€4,916 | -41.7% |
| Taxes | 450/3 | €10,682 | €5,437 | -€5,244 | -49.1% |
| Remuneration and social security | 454/9 | €1,112 | €1,440 | +€328 | +29.5% |
| Other amounts payable | 47/48 | €1,000 | €2,000 | +€1,000 | +100% |
| Remuneration, social security and pensions | 62 | €8,348 | €33,397 | +€25,049 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,287 | €7,287 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,456 | €1,264 | -€3,191 | -71.6% |
| Gross operating margin | 9900 | €52,739 | €45,749 | -€6,990 | -13.3% |
| Operating profit (loss) | 9901 | €32,649 | €3,801 | -€28,848 | -88.4% |
| Financial charges | 65/66B | €1,084 | €2,020 | +€935 | +86.3% |
| Recurring financial charges | 65 | €1,084 | €2,020 | +€935 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €31,565 | €1,781 | -€29,783 | -94.4% |
| Profit (loss) for the period | 9904 | €31,565 | €1,781 | -€29,783 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,565 | €1,781 | -€29,783 | -94.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.