TELECTRIC: 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.
TELECTRIC
Largest movements
- Receivables within one year -€119,370
down €119,370 (-52.9%), from €225,497 to €106,128
of which Trade receivables: -€171,949
- Cash +€89,765
up €89,765 (+20.8%), from €431,670 to €521,434
mainly Receivables within one year (+€119,370) and Net result for the year (+€86,397)
- Profit (loss) carried forward +€86,397
new in 2025: €86,397
- Tax, wage and social debts -€68,339
down €68,339 (-91.2%), from €74,905 to €6,566
of which Taxes: -€68,662
- Trade debts -€42,764
down €42,764 (-26.1%), from €163,610 to €120,846
- Gross operating margin -€61,743
down €61,743 (-26.9%), from €229,526 to €167,783
- Taxes -€26,161
down €26,161 (-46.2%), from €56,582 to €30,421
- Staff costs +€23,924
up €23,924 (+111.4%), from €21,474 to €45,398
- Depreciation +€2,504
up €2,504 (+95.0%), from €2,635 to €5,138
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 | €673,528 | €648,419 | -€25,110 | -3.7% |
| Fixed assets | 21/28 | €15,782 | €19,948 | +€4,167 | +26.4% |
| Tangible fixed assets | 22/27 | €15,782 | €19,948 | +€4,167 | +26.4% |
| Land and buildings | 22 | - | €3,097 | +€3,097 | |
| Plant, machinery and equipment | 23 | €1,436 | €1,800 | +€364 | +25.3% |
| Furniture and vehicles | 24 | €14,345 | €15,051 | +€706 | +4.9% |
| Current assets | 29/58 | €657,747 | €628,470 | -€29,277 | -4.5% |
| Stocks and contracts in progress | 3 | €580 | €895 | +€315 | +54.3% |
| Stocks | 30/36 | €580 | €895 | +€315 | +54.3% |
| Amounts receivable within one year | 40/41 | €225,497 | €106,128 | -€119,370 | -52.9% |
| Trade receivables | 40 | €223,764 | €51,815 | -€171,949 | -76.8% |
| Other amounts receivable | 41 | €1,734 | €54,313 | +€52,579 | +3032.4% |
| Cash at bank and in hand | 54/58 | €431,670 | €521,434 | +€89,765 | +20.8% |
| Deferred charges and accrued income | 490/1 | - | €14 | +€14 | |
| Total equity and liabilities | 10/49 | €673,528 | €648,419 | -€25,110 | -3.7% |
| Equity | 10/15 | €434,610 | €521,007 | +€86,397 | +19.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €428,110 | €428,110 | = | 0.0% |
| Distributable reserves | 133 | €428,110 | €428,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €86,397 | +€86,397 | |
| Amounts payable | 17/49 | €238,919 | €127,412 | -€111,507 | -46.7% |
| Amounts payable within one year | 42/48 | €238,919 | €127,412 | -€111,507 | -46.7% |
| Trade debts | 44 | €163,610 | €120,846 | -€42,764 | -26.1% |
| Suppliers | 440/4 | €163,610 | €120,846 | -€42,764 | -26.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €74,905 | €6,566 | -€68,339 | -91.2% |
| Taxes | 450/3 | €69,152 | €490 | -€68,662 | -99.3% |
| Remuneration and social security | 454/9 | €5,753 | €6,076 | +€323 | +5.6% |
| Other amounts payable | 47/48 | €404 | €0 | -€404 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €21,474 | €45,398 | +€23,924 | +111.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,635 | €5,138 | +€2,504 | +95.0% |
| Other operating charges | 640/8 | €1,569 | €668 | -€900 | -57.4% |
| Gross operating margin | 9900 | €229,526 | €167,783 | -€61,743 | -26.9% |
| Operating profit (loss) | 9901 | €203,849 | €116,579 | -€87,270 | -42.8% |
| Financial income | 75/76B | €74 | €1,444 | +€1,370 | +1862.0% |
| Recurring financial income | 75 | €74 | €1,444 | +€1,370 | +1862.0% |
| Financial charges | 65/66B | €802 | €1,204 | +€402 | +50.1% |
| Recurring financial charges | 65 | €802 | €1,204 | +€402 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €203,120 | €116,818 | -€86,302 | -42.5% |
| Income taxes | 67/77 | €56,582 | €30,421 | -€26,161 | -46.2% |
| Profit (loss) for the period | 9904 | €146,539 | €86,397 | -€60,141 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,539 | €86,397 | -€60,141 | -41.0% |
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 10 October 2026 via checked.be.