TELECON: 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.
TELECON
Largest movements
- Receivables within one year +€81,560
up €81,560 (+104.4%), from €78,153 to €159,713
of which Other amounts receivable: +€45,644
- Intangible fixed assets +€40,740
new in 2025: €40,740
- Cash -€25,834
down €25,834 (-43.2%), from €59,823 to €33,989
mainly Receivables within one year (-€81,560) and Investment in fixed assets (net) (-€65,000)
- Tangible fixed assets +€9,661
up €9,661 (+1009.0%), from €957 to €10,618
of which Furniture and vehicles: +€10,082
- Stocks and contracts -€3,989
down €3,989 (-29.2%), from €13,669 to €9,680
- Profit (loss) carried forward +€34,222
up €34,222 (+97.0%), from -€35,289 to -€1,067
- Debts after one year +€22,957
new in 2025: €22,957
- Current portion of long-term debt +€16,973
new in 2025: €16,973
- Tax, wage and social debts +€16,959
up €16,959 (+107.7%), from €15,744 to €32,704
of which Taxes: +€11,559
- Trade debts +€9,862
up €9,862 (+12.2%), from €81,103 to €90,965
- Gross operating margin +€121,768
up €121,768 (+439.4%), from €27,713 to €149,481
- Staff costs +€17,564
up €17,564 (+28.4%), from €61,822 to €79,386
- Depreciation +€14,130
up €14,130 (+3010.7%), from €469 to €14,599
- Other operating charges +€10,392
up €10,392 (+7467.1%), from €139 to €10,531
- Taxes +€8,417
new in 2025: €8,417
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 | €153,978 | €256,746 | +€102,768 | +66.7% |
| Fixed assets | 21/28 | €1,407 | €51,808 | +€50,401 | +3580.9% |
| Intangible fixed assets | 21 | - | €40,740 | +€40,740 | |
| Tangible fixed assets | 22/27 | €957 | €10,618 | +€9,661 | +1009.0% |
| Plant, machinery and equipment | 23 | €957 | €536 | -€421 | -44.0% |
| Furniture and vehicles | 24 | - | €10,082 | +€10,082 | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €152,570 | €204,938 | +€52,367 | +34.3% |
| Stocks and contracts in progress | 3 | €13,669 | €9,680 | -€3,989 | -29.2% |
| Stocks | 30/36 | €13,669 | €9,680 | -€3,989 | -29.2% |
| Amounts receivable within one year | 40/41 | €78,153 | €159,713 | +€81,560 | +104.4% |
| Trade receivables | 40 | €39,579 | €75,495 | +€35,916 | +90.7% |
| Other amounts receivable | 41 | €38,574 | €84,218 | +€45,644 | +118.3% |
| Cash at bank and in hand | 54/58 | €59,823 | €33,989 | -€25,834 | -43.2% |
| Deferred charges and accrued income | 490/1 | €926 | €1,556 | +€631 | +68.1% |
| Total equity and liabilities | 10/49 | €153,978 | €256,746 | +€102,768 | +66.7% |
| Equity | 10/15 | €51,228 | €85,450 | +€34,222 | +66.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €82,517 | €82,517 | = | 0.0% |
| Distributable reserves | 133 | €82,517 | €82,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,289 | -€1,067 | +€34,222 | +97.0% |
| Amounts payable | 17/49 | €102,750 | €171,297 | +€68,547 | +66.7% |
| Amounts payable after more than one year | 17 | - | €22,957 | +€22,957 | |
| Financial debts | 170/4 | - | €22,957 | +€22,957 | |
| Amounts payable within one year | 42/48 | €102,750 | €148,340 | +€45,590 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | - | €16,973 | +€16,973 | |
| Trade debts | 44 | €81,103 | €90,965 | +€9,862 | +12.2% |
| Suppliers | 440/4 | €81,103 | €90,965 | +€9,862 | +12.2% |
| Advances received on contracts in progress | 46 | €4,391 | €4,273 | -€119 | -2.7% |
| Taxes, remuneration and social security | 45 | €15,744 | €32,704 | +€16,959 | +107.7% |
| Taxes | 450/3 | €1,679 | €13,238 | +€11,559 | +688.4% |
| Remuneration and social security | 454/9 | €14,065 | €19,465 | +€5,400 | +38.4% |
| Other amounts payable | 47/48 | €1,511 | €3,426 | +€1,914 | +126.7% |
| Remuneration, social security and pensions | 62 | €61,822 | €79,386 | +€17,564 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €469 | €14,599 | +€14,130 | +3010.7% |
| Other operating charges | 640/8 | €139 | €10,531 | +€10,392 | +7467.1% |
| Gross operating margin | 9900 | €27,713 | €149,481 | +€121,768 | +439.4% |
| Operating profit (loss) | 9901 | -€34,718 | €44,964 | +€79,682 | |
| Financial income | 75/76B | €249 | €58 | -€191 | -76.7% |
| Recurring financial income | 75 | €249 | €58 | -€191 | -76.7% |
| Financial charges | 65/66B | €819 | €2,384 | +€1,564 | +191.0% |
| Recurring financial charges | 65 | €819 | €2,384 | +€1,564 | +191.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,289 | €42,638 | +€77,927 | |
| Income taxes | 67/77 | - | €8,417 | +€8,417 | |
| Profit (loss) for the period | 9904 | -€35,289 | €34,222 | +€69,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,289 | €34,222 | +€69,510 |
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 3 October 2026 via checked.be.