TELECTRICS: what changed
TELECTRICS
Largest movements
- Receivables within one year +€37,658
up €37,658 (+91.2%), from €41,274 to €78,931
of which Trade receivables: +€22,020
- Tangible fixed assets -€30,888
down €30,888 (-15.3%), from €201,751 to €170,863
of which Furniture and vehicles: -€19,292
- Stocks and contracts +€5,850
up €5,850 (+58.5%), from €10,000 to €15,850
- Cash -€4,986
down €4,986 (-56.6%), from €8,808 to €3,822
mainly Receivables within one year (-€37,658) and Debts after one year (-€22,683)
- Debts after one year -€22,683
down €22,683 (-18.1%), from €125,607 to €102,924
- Trade debts +€18,530
up €18,530 (+54.0%), from €34,344 to €52,875
- Reserves +€10,413
up €10,413 (+21.5%), from €48,344 to €58,757
- Tax, wage and social debts +€9,290
up €9,290 (+88.6%), from €10,480 to €19,770
of which Taxes: +€4,989
- Current portion of long-term debt -€5,242
down €5,242 (-18.8%), from €27,925 to €22,683
- Staff costs +€36,779
up €36,779 (+66.0%), from €55,745 to €92,523
- Gross operating margin +€35,255
up €35,255 (+32.5%), from €108,544 to €143,799
- Depreciation +€2,374
up €2,374 (+8.6%), from €27,467 to €29,841
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,471 | €276,392 | +€9,921 | +3.7% |
| Fixed assets | 21/28 | €201,751 | €170,863 | -€30,888 | -15.3% |
| Tangible fixed assets | 22/27 | €201,751 | €170,863 | -€30,888 | -15.3% |
| Land and buildings | 22 | €137,677 | €126,864 | -€10,812 | -7.9% |
| Plant, machinery and equipment | 23 | €8,529 | €8,478 | -€51 | -0.6% |
| Furniture and vehicles | 24 | €50,398 | €31,106 | -€19,292 | -38.3% |
| Other tangible fixed assets | 26 | €5,148 | €4,415 | -€733 | -14.2% |
| Current assets | 29/58 | €64,719 | €105,529 | +€40,809 | +63.1% |
| Stocks and contracts in progress | 3 | €10,000 | €15,850 | +€5,850 | +58.5% |
| Stocks | 30/36 | €10,000 | €15,850 | +€5,850 | +58.5% |
| Amounts receivable within one year | 40/41 | €41,274 | €78,931 | +€37,658 | +91.2% |
| Trade receivables | 40 | €35,910 | €57,930 | +€22,020 | +61.3% |
| Other amounts receivable | 41 | €5,364 | €21,001 | +€15,637 | +292% |
| Cash at bank and in hand | 54/58 | €8,808 | €3,822 | -€4,986 | -56.6% |
| Deferred charges and accrued income | 490/1 | €4,637 | €6,925 | +€2,287 | +49.3% |
| Total equity and liabilities | 10/49 | €266,471 | €276,392 | +€9,921 | +3.7% |
| Equity | 10/15 | €66,894 | €77,307 | +€10,413 | +15.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €48,344 | €58,757 | +€10,413 | +21.5% |
| Distributable reserves | 133 | €48,344 | €58,757 | +€10,413 | +21.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €199,576 | €199,084 | -€492 | -0.2% |
| Amounts payable after more than one year | 17 | €125,607 | €102,924 | -€22,683 | -18.1% |
| Financial debts | 170/4 | €125,607 | €102,924 | -€22,683 | -18.1% |
| Amounts payable within one year | 42/48 | €73,582 | €96,160 | +€22,578 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €27,925 | €22,683 | -€5,242 | -18.8% |
| Trade debts | 44 | €34,344 | €52,875 | +€18,530 | +54.0% |
| Suppliers | 440/4 | €34,344 | €52,875 | +€18,530 | +54.0% |
| Taxes, remuneration and social security | 45 | €10,480 | €19,770 | +€9,290 | +88.6% |
| Taxes | 450/3 | €4,432 | €9,421 | +€4,989 | +113% |
| Remuneration and social security | 454/9 | €6,048 | €10,349 | +€4,301 | +71.1% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Remuneration, social security and pensions | 62 | €55,745 | €92,523 | +€36,779 | +66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,467 | €29,841 | +€2,374 | +8.6% |
| Other operating charges | 640/8 | €1,542 | €1,578 | +€36 | +2.3% |
| Gross operating margin | 9900 | €108,544 | €143,799 | +€35,255 | +32.5% |
| Operating profit (loss) | 9901 | €23,790 | €19,857 | -€3,933 | -16.5% |
| Financial income | 75/76B | €2,035 | €1,853 | -€182 | -9.0% |
| Recurring financial income | 75 | €2,035 | €1,853 | -€182 | -9.0% |
| Financial charges | 65/66B | €6,181 | €6,056 | -€125 | -2.0% |
| Recurring financial charges | 65 | €6,181 | €6,056 | -€125 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €19,644 | €15,653 | -€3,991 | -20.3% |
| Income taxes | 67/77 | €5,181 | €5,240 | +€59 | +1.1% |
| Profit (loss) for the period | 9904 | €14,463 | €10,413 | -€4,050 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,463 | €10,413 | -€4,050 | -28.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.