TELECT: 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.
TELECT
Largest movements
- Receivables within one year -€42,108
down €42,108 (-65.7%), from €64,135 to €22,028
- Current investments -€28,203
no longer reported in 2025 (was €28,203)
- Tangible fixed assets -€14,077
down €14,077 (-6.9%), from €203,731 to €189,654
- Profit (loss) carried forward -€91,132
down €91,132, from €801 to -€90,331
- Debts after one year -€16,343
down €16,343 (-8.9%), from €183,069 to €166,725
- Other debts +€12,291
up €12,291 (+15.3%), from €80,418 to €92,710
- Trade debts +€8,039
up €8,039 (+305.2%), from €2,634 to €10,673
- Current portion of long-term debt +€6,243
up €6,243 (+61.8%), from €10,100 to €16,343
- Gross operating margin -€77,436
down €77,436 (-95.7%), from €80,882 to €3,445
- Other operating charges +€72,215
up €72,215 (+1939.0%), from €3,724 to €75,939
- Taxes -€16,506
down €16,506, from €14,347 to -€2,159
- Financial income -€5,173
down €5,173 (-100.0%), from €5,173 to €0
- Depreciation +€3,152
up €3,152 (+28.9%), from €10,925 to €14,077
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 | €304,848 | €220,811 | -€84,036 | -27.6% |
| Fixed assets | 21/28 | €203,731 | €189,654 | -€14,077 | -6.9% |
| Tangible fixed assets | 22/27 | €203,731 | €189,654 | -€14,077 | -6.9% |
| Leasing and similar rights | 25 | €203,731 | €189,654 | -€14,077 | -6.9% |
| Current assets | 29/58 | €101,117 | €31,157 | -€69,959 | -69.2% |
| Amounts receivable within one year | 40/41 | €64,135 | €22,028 | -€42,108 | -65.7% |
| Trade receivables | 40 | €64,135 | €22,028 | -€42,108 | -65.7% |
| Current investments | 50/53 | €28,203 | - | -€28,203 | |
| Cash at bank and in hand | 54/58 | €1,688 | €4,194 | +€2,505 | +148.4% |
| Deferred charges and accrued income | 490/1 | €7,090 | €4,936 | -€2,154 | -30.4% |
| Total equity and liabilities | 10/49 | €304,848 | €220,811 | -€84,036 | -27.6% |
| Equity | 10/15 | €19,401 | -€71,731 | -€91,132 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €801 | -€90,331 | -€91,132 | |
| Amounts payable | 17/49 | €285,446 | €292,542 | +€7,096 | +2.5% |
| Amounts payable after more than one year | 17 | €183,069 | €166,725 | -€16,343 | -8.9% |
| Financial debts | 170/4 | €183,069 | €166,725 | -€16,343 | -8.9% |
| Amounts payable within one year | 42/48 | €101,403 | €125,276 | +€23,873 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €10,100 | €16,343 | +€6,243 | +61.8% |
| Trade debts | 44 | €2,634 | €10,673 | +€8,039 | +305.2% |
| Suppliers | 440/4 | €2,634 | €10,673 | +€8,039 | +305.2% |
| Taxes, remuneration and social security | 45 | €8,250 | €5,549 | -€2,701 | -32.7% |
| Taxes | 450/3 | €4,883 | €5,549 | +€666 | +13.6% |
| Remuneration and social security | 454/9 | €3,367 | - | -€3,367 | |
| Other amounts payable | 47/48 | €80,418 | €92,710 | +€12,291 | +15.3% |
| Accrued charges and deferred income | 492/3 | €974 | €541 | -€434 | -44.5% |
| Non-recurring operating income | 76A | €19,990 | - | -€19,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,925 | €14,077 | +€3,152 | +28.9% |
| Other operating charges | 640/8 | €3,724 | €75,939 | +€72,215 | +1939.0% |
| Non-recurring operating charges | 66A | - | €1,003 | +€1,003 | |
| Gross operating margin | 9900 | €80,882 | €3,445 | -€77,436 | -95.7% |
| Operating profit (loss) | 9901 | €66,232 | -€87,575 | -€153,807 | |
| Financial income | 75/76B | €5,173 | €0 | -€5,173 | -100.0% |
| Recurring financial income | 75 | €5,173 | €0 | -€5,173 | -100.0% |
| Financial charges | 65/66B | €5,517 | €5,717 | +€200 | +3.6% |
| Recurring financial charges | 65 | €5,517 | €5,717 | +€200 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €65,889 | -€93,291 | -€159,180 | |
| Income taxes | 67/77 | €14,347 | -€2,159 | -€16,506 | |
| Profit (loss) for the period | 9904 | €51,542 | -€91,132 | -€142,674 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,542 | -€91,132 | -€142,674 |
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.