Teledesk Group: 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.
What changed
Teledesk Group
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€53,919
2024 · €58,480-€4,561
Equity
€2.1m
2024 · €2.0m+€53,919
Cash
€160,881
2024 · €81,696+€79,184
Balance sheet total
€2.6m
2024 · €2.7m-€21,918
Largest movements
Assets
- Receivables within one year -€124,964
down €124,964 (-21.5%), from €580,645 to €455,681
of which Trade receivables: -€113,305
- Cash +€79,184
up €79,184 (+96.9%), from €81,696 to €160,881
mainly Receivables within one year (+€124,964) and Depreciation (+€119,747)
- Tangible fixed assets -€40,533
down €40,533 (-20.8%), from €194,477 to €153,944
of which Plant, machinery and equipment: -€23,674
Equity and liabilities
- Trade debts -€85,285
down €85,285 (-16.8%), from €509,061 to €423,776
- Profit (loss) carried forward +€53,919
up €53,919 (+3.6%), from -€1.5m to -€1.4m
- Other debts +€27,814
up €27,814 (+27.0%), from €103,141 to €130,955
Income statement
- Turnover +€1.9m
new in 2025: €1.9m
- Services and other goods +€1.3m
new in 2025: €1.3m
- Goods and materials +€365,493
new in 2025: €365,493
- Gross operating margin -€173,826
no longer reported in 2025 (was €173,826)
- Depreciation +€31,902
up €31,902 (+36.3%), from €87,845 to €119,747
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.
Result 2024
€58,480
Turnover
+€1.9m
Goods and materials
-€365,493
Services and other goods
-€1.3m
Depreciation
-€31,902
Other operating charges
-€2,245
Other operating items
-€173,826
Financial income
+€221
Financial charges
-€509
Taxes
-€5,289
Result 2025
€53,919
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€204,290
Investment
-€125,105
Financing
€0
Cash 2024
€81,696
From operations (derived)
+€204,290
Net result for the year
+€53,919
Depreciation
+€119,747
Receivables within one year
+€124,964
Deferred charges and accrued income
-€18,504
Trade debts
-€85,285
Tax, wage and social debts
-€20,936
Other debts
+€27,814
Accrued charges and deferred income
+€2,571
Investment (derived)
-€125,105
Investment in fixed assets (net)
-€125,105
Cash 2025
€160,881
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,650,517 | €2,628,599 | -€21,918 | -0.8% |
| Formation expenses | 20 | - | €23,774 | +€23,774 | |
| Fixed assets | 21/28 | €1,937,450 | €1,919,034 | -€18,416 | -1.0% |
| Intangible fixed assets | 21 | €157,384 | €179,801 | +€22,417 | +14.2% |
| Tangible fixed assets | 22/27 | €194,477 | €153,944 | -€40,533 | -20.8% |
| Plant, machinery and equipment | 23 | €70,426 | €46,752 | -€23,674 | -33.6% |
| Furniture and vehicles | 24 | €27,930 | €22,701 | -€5,229 | -18.7% |
| Other tangible fixed assets | 26 | €96,121 | €84,491 | -€11,631 | -12.1% |
| Financial fixed assets | 28 | €1,585,589 | €1,585,289 | -€300 | 0.0% |
| Affiliated companies | 280/1 | - | €1,576,339 | +€1.6m | |
| Participating interests | 280 | - | €1,576,339 | +€1.6m | |
| Other financial fixed assets | 284/8 | - | €8,950 | +€8,950 | |
| Amounts receivable and cash guarantees | 285/8 | - | €8,950 | +€8,950 | |
| Current assets | 29/58 | €713,067 | €685,791 | -€27,276 | -3.8% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €580,645 | €455,681 | -€124,964 | -21.5% |
| Trade receivables | 40 | €534,606 | €421,301 | -€113,305 | -21.2% |
| Other amounts receivable | 41 | €46,039 | €34,379 | -€11,660 | -25.3% |
| Cash at bank and in hand | 54/58 | €81,696 | €160,881 | +€79,184 | +96.9% |
| Deferred charges and accrued income | 490/1 | €50,726 | €69,230 | +€18,504 | +36.5% |
| Total equity and liabilities | 10/49 | €2,650,517 | €2,628,599 | -€21,918 | -0.8% |
| Equity | 10/15 | €2,005,019 | €2,058,937 | +€53,919 | +2.7% |
| Contributions | 10/11 | €3,414,000 | €3,414,000 | = | 0.0% |
| Capital | 10 | €3,414,000 | €3,414,000 | = | 0.0% |
| Issued capital | 100 | €3,414,000 | €3,414,000 | = | 0.0% |
| Reserves | 13 | €74,156 | €74,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,156 | €74,156 | = | 0.0% |
| Legal reserve | 130 | €74,156 | €74,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,483,137 | -€1,429,218 | +€53,919 | +3.6% |
| Amounts payable | 17/49 | €645,498 | €569,662 | -€75,837 | -11.7% |
| Amounts payable within one year | 42/48 | €638,770 | €560,363 | -€78,407 | -12.3% |
| Trade debts | 44 | €509,061 | €423,776 | -€85,285 | -16.8% |
| Suppliers | 440/4 | €509,061 | €423,776 | -€85,285 | -16.8% |
| Taxes, remuneration and social security | 45 | €26,568 | €5,632 | -€20,936 | -78.8% |
| Taxes | 450/3 | €26,568 | €5,632 | -€20,936 | -78.8% |
| Other amounts payable | 47/48 | €103,141 | €130,955 | +€27,814 | +27.0% |
| Accrued charges and deferred income | 492/3 | €6,728 | €9,299 | +€2,571 | +38.2% |
| Operating income | 70/76A | - | €1,880,680 | +€1.9m | |
| Turnover | 70 | - | €1,880,680 | +€1.9m | |
| Operating charges | 60/66A | - | €1,798,902 | +€1.8m | |
| Goods for resale, raw materials and consumables | 60 | - | €365,493 | +€365,493 | |
| Purchases | 600/8 | - | €365,493 | +€365,493 | |
| Services and other goods | 61 | - | €1,306,197 | +€1.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,845 | €119,747 | +€31,902 | +36.3% |
| Other operating charges | 640/8 | €5,219 | €7,464 | +€2,245 | +43.0% |
| Gross operating margin | 9900 | €173,826 | - | -€173,826 | |
| Operating profit (loss) | 9901 | €80,762 | €81,778 | +€1,016 | +1.3% |
| Financial income | 75/76B | €346 | €567 | +€221 | +63.9% |
| Recurring financial income | 75 | €346 | €567 | +€221 | +63.9% |
| Income from current assets | 751 | - | €514 | +€514 | |
| Other financial income | 752/9 | - | €53 | +€53 | |
| Financial charges | 65/66B | €2,285 | €2,795 | +€509 | +22.3% |
| Recurring financial charges | 65 | €2,285 | €2,795 | +€509 | +22.3% |
| Debt charges | 650 | - | €2,484 | +€2,484 | |
| Other financial charges | 652/9 | - | €311 | +€311 | |
| Profit (loss) for the period before taxes | 9903 | €78,823 | €79,551 | +€728 | +0.9% |
| Income taxes | 67/77 | €20,343 | €25,632 | +€5,289 | +26.0% |
| Taxes | 670/3 | - | €25,632 | +€25,632 | |
| Profit (loss) for the period | 9904 | €58,480 | €53,919 | -€4,561 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,480 | €53,919 | -€4,561 | -7.8% |
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 21 October 2026 via checked.be.