TELECTROSERVICE: 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.
TELECTROSERVICE
Largest movements
- Tangible fixed assets +€33,682
up €33,682 (+362%), from €9,316 to €42,999
of which Furniture and vehicles: +€36,107
- Cash +€1,726
up €1,726 (+90.6%), from €1,904 to €3,630
mainly Net result for the year (+€21,623) and Debts after one year (+€9,969)
- Deferred charges and accrued income +€1,237
up €1,237 (+139%), from €892 to €2,129
- Reserves +€21,623
up €21,623 (+221%), from €9,782 to €31,405
of which Distributable reserves: +€21,623
- Debts after one year +€9,969
new in 2025: €9,969
- Tax, wage and social debts +€5,562
up €5,562 (+522%), from €1,065 to €6,627
of which Taxes: +€4,314
- Current portion of long-term debt +€3,874
new in 2025: €3,874
- Short-term financial debts -€2,686
down €2,686 (-66.4%), from €4,048 to €1,362
- Gross operating margin +€30,312
up €30,312 (+228%), from €13,289 to €43,601
- Depreciation +€6,561
up €6,561 (+264%), from €2,486 to €9,047
- Staff costs +€3,832
up €3,832 (+144%), from €2,668 to €6,500
- Taxes +€2,972
up €2,972 (+415%), from €716 to €3,688
- Financial income +€801
up €801 (+618%), from €130 to €931
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,144 | €80,697 | +€36,553 | +82.8% |
| Fixed assets | 21/28 | €9,316 | €42,999 | +€33,682 | +362% |
| Tangible fixed assets | 22/27 | €9,316 | €42,999 | +€33,682 | +362% |
| Land and buildings | 22 | €279 | €244 | -€35 | -12.5% |
| Plant, machinery and equipment | 23 | €4,202 | €3,765 | -€437 | -10.4% |
| Furniture and vehicles | 24 | €262 | €36,369 | +€36,107 | +13,803% |
| Other tangible fixed assets | 26 | €4,574 | €2,620 | -€1,953 | -42.7% |
| Current assets | 29/58 | €34,827 | €37,698 | +€2,871 | +8.2% |
| Stocks and contracts in progress | 3 | €5,150 | €5,104 | -€46 | -0.9% |
| Stocks | 30/36 | €5,150 | €5,104 | -€46 | -0.9% |
| Amounts receivable within one year | 40/41 | €26,881 | €26,835 | -€46 | -0.2% |
| Trade receivables | 40 | €14,802 | €15,138 | +€337 | +2.3% |
| Other amounts receivable | 41 | €12,079 | €11,697 | -€382 | -3.2% |
| Cash at bank and in hand | 54/58 | €1,904 | €3,630 | +€1,726 | +90.6% |
| Deferred charges and accrued income | 490/1 | €892 | €2,129 | +€1,237 | +139% |
| Total equity and liabilities | 10/49 | €44,144 | €80,697 | +€36,553 | +82.8% |
| Equity | 10/15 | €28,382 | €50,005 | +€21,623 | +76.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,782 | €31,405 | +€21,623 | +221% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,922 | €29,545 | +€21,623 | +273% |
| Amounts payable | 17/49 | €15,762 | €30,692 | +€14,930 | +94.7% |
| Amounts payable after more than one year | 17 | - | €9,969 | +€9,969 | |
| Financial debts | 170/4 | - | €9,969 | +€9,969 | |
| Amounts payable within one year | 42/48 | €15,762 | €20,577 | +€4,815 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,874 | +€3,874 | |
| Financial debts | 43 | €4,048 | €1,362 | -€2,686 | -66.4% |
| Credit institutions | 430/8 | €4,048 | €1,362 | -€2,686 | -66.4% |
| Trade debts | 44 | €10,649 | €8,715 | -€1,934 | -18.2% |
| Suppliers | 440/4 | €10,649 | €8,715 | -€1,934 | -18.2% |
| Taxes, remuneration and social security | 45 | €1,065 | €6,627 | +€5,562 | +522% |
| Taxes | 450/3 | €723 | €5,037 | +€4,314 | +597% |
| Remuneration and social security | 454/9 | €342 | €1,590 | +€1,248 | +365% |
| Accrued charges and deferred income | 492/3 | - | €146 | +€146 | |
| Non-recurring operating income | 76A | €1,664 | €9,738 | +€8,074 | +485% |
| Remuneration, social security and pensions | 62 | €2,668 | €6,500 | +€3,832 | +144% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,486 | €9,047 | +€6,561 | +264% |
| Other operating charges | 640/8 | €2,043 | €2,287 | +€244 | +11.9% |
| Gross operating margin | 9900 | €13,289 | €43,601 | +€30,312 | +228% |
| Operating profit (loss) | 9901 | €6,092 | €25,766 | +€19,675 | +323% |
| Financial income | 75/76B | €130 | €931 | +€801 | +618% |
| Recurring financial income | 75 | €130 | €931 | +€801 | +618% |
| Financial charges | 65/66B | €806 | €1,386 | +€580 | +72.0% |
| Recurring financial charges | 65 | €806 | €1,386 | +€580 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | €5,416 | €25,312 | +€19,896 | +367% |
| Income taxes | 67/77 | €716 | €3,688 | +€2,972 | +415% |
| Profit (loss) for the period | 9904 | €4,699 | €21,623 | +€16,924 | +360% |
| Profit (loss) for the period to be appropriated | 9905 | €4,699 | €21,623 | +€16,924 | +360% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.