TELECOMMUNICATION SYSTEMS: 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
TELECOMMUNICATION SYSTEMS
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,432
2024 · -€4,324-€4,107
Equity
€372,017
2024 · €380,448-€8,432
Cash
€2,148
2024 · €2,148
Balance sheet total
€419,781
2024 · €428,497-€8,716
Largest movements
Assets
- Tangible fixed assets -€10,615
down €10,615 (-16.4%), from €64,879 to €54,264
of which Furniture and vehicles: -€9,594
Equity and liabilities
- Profit (loss) carried forward -€8,432
down €8,432 (-6.8%), from €124,401 to €115,970
Income statement
- Gross operating margin -€1,527
down €1,527 (-43.8%), from -€3,484 to -€5,011
- Financial charges +€1,287
up €1,287 (+72.8%), from €1,766 to €3,053
- Other operating charges +€1,088
up €1,088, from €0 to €1,088
- Financial income -€397
down €397 (-3.3%), from €11,908 to €11,511
- Depreciation -€193
down €193 (-1.8%), from €10,808 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.
Result 2024
-€4,324
Gross operating margin
-€1,527
Depreciation
+€193
Other operating charges
-€1,088
Financial income
-€397
Financial charges
-€1,287
Taxes
-€2
Result 2025
-€8,432
raises the resultlowers the result
Derived cash bridge
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
-€548
Investment
€0
Financing
+€548
Cash 2024
€2,148
From operations (derived)
-€548
Net result for the year
-€8,432
Depreciation
+€10,615
Receivables within one year
-€1,899
Trade debts
-€411
Tax, wage and social debts
+€176
Accrued charges and deferred income
-€597
Financing
+€548
Current portion of long-term debt
+€548
Cash 2025
€2,148
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €428,497 | €419,781 | -€8,716 | -2.0% |
| Fixed assets | 21/28 | €64,978 | €54,363 | -€10,615 | -16.3% |
| Tangible fixed assets | 22/27 | €64,879 | €54,264 | -€10,615 | -16.4% |
| Land and buildings | 22 | €180 | €166 | -€14 | -7.6% |
| Plant, machinery and equipment | 23 | €1,384 | €376 | -€1,008 | -72.8% |
| Furniture and vehicles | 24 | €63,315 | €53,722 | -€9,594 | -15.2% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €363,518 | €365,418 | +€1,899 | +0.5% |
| Amounts receivable after more than one year | 29 | €195,413 | €195,413 | = | 0.0% |
| Other amounts receivable | 291 | €195,413 | €195,413 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €165,958 | €167,857 | +€1,899 | +1.1% |
| Trade receivables | 40 | €45,151 | €45,151 | = | 0.0% |
| Other amounts receivable | 41 | €120,807 | €122,706 | +€1,899 | +1.6% |
| Cash at bank and in hand | 54/58 | €2,148 | €2,148 | = | 0.0% |
| Total equity and liabilities | 10/49 | €428,497 | €419,781 | -€8,716 | -2.0% |
| Equity | 10/15 | €380,448 | €372,017 | -€8,432 | -2.2% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Contributions outside capital | 11 | €14,874 | €14,874 | = | 0.0% |
| Other | 1109/19 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €241,173 | €241,173 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €201,814 | €201,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,401 | €115,970 | -€8,432 | -6.8% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €18,049 | €17,764 | -€284 | -1.6% |
| Amounts payable within one year | 42/48 | €17,324 | €17,636 | +€313 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €12,530 | €13,078 | +€548 | +4.4% |
| Financial debts | 43 | €3,000 | €3,000 | = | 0.0% |
| Credit institutions | 430/8 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €1,362 | €951 | -€411 | -30.2% |
| Suppliers | 440/4 | €1,362 | €951 | -€411 | -30.2% |
| Taxes, remuneration and social security | 45 | €431 | €607 | +€176 | +40.9% |
| Taxes | 450/3 | €431 | €607 | +€176 | +40.9% |
| Accrued charges and deferred income | 492/3 | €725 | €128 | -€597 | -82.3% |
| Non-recurring operating income | 76A | €200 | €0 | -€200 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,808 | €10,615 | -€193 | -1.8% |
| Other operating charges | 640/8 | €0 | €1,088 | +€1,088 | |
| Gross operating margin | 9900 | -€3,484 | -€5,011 | -€1,527 | -43.8% |
| Operating profit (loss) | 9901 | -€14,292 | -€16,714 | -€2,422 | -16.9% |
| Financial income | 75/76B | €11,908 | €11,511 | -€397 | -3.3% |
| Recurring financial income | 75 | €11,908 | €11,511 | -€397 | -3.3% |
| Financial charges | 65/66B | €1,766 | €3,053 | +€1,287 | +72.8% |
| Recurring financial charges | 65 | €1,766 | €3,053 | +€1,287 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,150 | -€8,255 | -€4,105 | -98.9% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€4,324 | -€8,432 | -€4,107 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,324 | -€8,432 | -€4,107 | -95.0% |
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 14 October 2026 via checked.be.