Teledyne ICM: 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
Teledyne ICM
NACE 26.600, Manufacture of computer, electronic and optical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €921,589+€355,093
Equity
€7.5m
2024 · €6.2m+€1.3m
Cash
€2.4m
2024 · €1.4m+€1.0m
Balance sheet total
€9.6m
2024 · €8.7m+€878,496
Largest movements
Assets
- Cash +€1.0m
up €1.0m (+74.1%), from €1.4m to €2.4m
mainly Net result for the year (+€1.3m) and Depreciation (+€313,059)
- Tangible fixed assets -€185,052
down €185,052 (-11.5%), from €1.6m to €1.4m
of which Land and buildings: -€178,067
- Stocks and contracts -€119,610
down €119,610 (-2.9%), from €4.1m to €4.0m
of which Contracts in progress: -€61,963
- Receivables within one year +€113,066
up €113,066 (+7.6%), from €1.5m to €1.6m
of which Trade receivables: +€183,715
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+23.7%), from €5.4m to €6.7m
- Trade debts -€548,053
down €548,053 (-36.6%), from €1.5m to €950,679
- Tax, wage and social debts +€104,254
up €104,254 (+13.4%), from €779,298 to €883,552
of which Remuneration and social security: +€168,027
Income statement
- Turnover +€1.5m
up €1.5m (+13.0%), from €11.3m to €12.8m
- Staff costs +€537,295
up €537,295 (+16.6%), from €3.2m to €3.8m
- Goods and materials +€536,297
up €536,297 (+10.0%), from €5.4m to €5.9m
of which Change in stocks: decrease (increase): +€403,428
- Write-downs -€372,945
down €372,945, from €54,783 to -€318,162
- Other operating income +€368,697
up €368,697 (+168%), from €219,764 to €588,461
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
€921,589
Turnover
+€1.5m
Other operating income
+€368,697
Goods and materials
-€536,297
Services and other goods
-€225,514
Staff costs
-€537,295
Depreciation
-€42,903
Write-downs
+€372,945
Provisions
-€15,029
Other operating charges
-€309,075
Other operating items
-€333,985
Financial income
-€43,889
Financial charges
-€100,795
Taxes
+€290,651
Result 2025
€1.3m
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
+€1.2m
Investment
-€128,007
Financing
-€26,540
Cash 2024
€1.4m
From operations (derived)
+€1.2m
Net result for the year
+€1.3m
Depreciation
+€313,059
Stocks and contracts
+€119,610
Receivables within one year
-€113,066
Deferred charges and accrued income
-€34,537
Provisions
-€19,104
Trade debts
-€548,053
Tax, wage and social debts
+€104,254
Advances received
+€76,037
Accrued charges and deferred income
+€15,220
Investment (derived)
-€128,007
Investment in fixed assets (net)
-€128,007
Financing
-€26,540
Contributions, distributions and other
-€26,540
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,691,601 | €9,570,097 | +€878,496 | +10.1% |
| Fixed assets | 21/28 | €1,608,320 | €1,423,268 | -€185,052 | -11.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,608,320 | €1,423,268 | -€185,052 | -11.5% |
| Land and buildings | 22 | €1,316,327 | €1,138,260 | -€178,067 | -13.5% |
| Plant, machinery and equipment | 23 | €278,622 | €280,262 | +€1,640 | +0.6% |
| Furniture and vehicles | 24 | €13,371 | €4,746 | -€8,625 | -64.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €7,083,281 | €8,146,829 | +€1.1m | +15.0% |
| Stocks and contracts in progress | 3 | €4,127,708 | €4,008,098 | -€119,610 | -2.9% |
| Stocks | 30/36 | €4,059,032 | €4,001,385 | -€57,647 | -1.4% |
| Raw materials and consumables | 30/31 | €2,392,990 | €2,365,536 | -€27,454 | -1.1% |
| Work in progress | 32 | €1,290,770 | €1,195,776 | -€94,994 | -7.4% |
| Finished goods | 33 | €375,272 | €440,073 | +€64,801 | +17.3% |
| Contracts in progress | 37 | €68,676 | €6,713 | -€61,963 | -90.2% |
| Amounts receivable within one year | 40/41 | €1,496,899 | €1,609,965 | +€113,066 | +7.6% |
| Trade receivables | 40 | €1,304,952 | €1,488,667 | +€183,715 | +14.1% |
| Other amounts receivable | 41 | €191,947 | €121,298 | -€70,649 | -36.8% |
| Cash at bank and in hand | 54/58 | €1,398,028 | €2,433,583 | +€1.0m | +74.1% |
| Deferred charges and accrued income | 490/1 | €60,646 | €95,183 | +€34,537 | +56.9% |
| Total equity and liabilities | 10/49 | €8,691,601 | €9,570,097 | +€878,496 | +10.1% |
| Equity | 10/15 | €6,242,219 | €7,492,361 | +€1.3m | +20.0% |
| Contributions | 10/11 | €682,066 | €682,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,394,415 | €6,671,097 | +€1.3m | +23.7% |
| Investment grants | 15 | €165,738 | €139,198 | -€26,540 | -16.0% |
| Provisions and deferred taxes | 16 | €96,965 | €77,861 | -€19,104 | -19.7% |
| Provisions for liabilities and charges | 160/5 | €96,965 | €77,861 | -€19,104 | -19.7% |
| Other liabilities and charges | 164/5 | €96,965 | €77,861 | -€19,104 | -19.7% |
| Amounts payable | 17/49 | €2,352,417 | €1,999,875 | -€352,542 | -15.0% |
| Amounts payable within one year | 42/48 | €2,352,417 | €1,984,655 | -€367,762 | -15.6% |
| Trade debts | 44 | €1,498,732 | €950,679 | -€548,053 | -36.6% |
| Suppliers | 440/4 | €1,498,732 | €950,679 | -€548,053 | -36.6% |
| Advances received on contracts in progress | 46 | €74,387 | €150,424 | +€76,037 | +102% |
| Taxes, remuneration and social security | 45 | €779,298 | €883,552 | +€104,254 | +13.4% |
| Taxes | 450/3 | €286,018 | €222,245 | -€63,773 | -22.3% |
| Remuneration and social security | 454/9 | €493,280 | €661,307 | +€168,027 | +34.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €15,220 | +€15,220 | |
| Operating income | 70/76A | €11,858,178 | €13,376,488 | +€1.5m | +12.8% |
| Turnover | 70 | €11,305,804 | €12,773,386 | +€1.5m | +13.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €238,395 | -€92,156 | -€330,551 | |
| Own construction capitalised | 72 | €94,215 | €106,797 | +€12,582 | +13.4% |
| Other operating income | 74 | €219,764 | €588,461 | +€368,697 | +168% |
| Operating charges | 60/66A | €10,646,818 | €11,956,002 | +€1.3m | +12.3% |
| Goods for resale, raw materials and consumables | 60 | €5,383,390 | €5,919,687 | +€536,297 | +10.0% |
| Purchases | 600/8 | €5,769,514 | €5,902,383 | +€132,869 | +2.3% |
| Change in stocks: decrease (increase) | 609 | -€386,124 | €17,304 | +€403,428 | |
| Services and other goods | 61 | €1,707,813 | €1,933,327 | +€225,514 | +13.2% |
| Remuneration, social security and pensions | 62 | €3,236,117 | €3,773,412 | +€537,295 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,156 | €313,059 | +€42,903 | +15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €54,783 | -€318,162 | -€372,945 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€34,135 | -€19,106 | +€15,029 | +44.0% |
| Other operating charges | 640/8 | €28,694 | €337,769 | +€309,075 | +1,077% |
| Non-recurring operating charges | 66A | - | €16,016 | +€16,016 | |
| Operating profit (loss) | 9901 | €1,211,360 | €1,420,486 | +€209,126 | +17.3% |
| Financial income | 75/76B | €104,028 | €60,139 | -€43,889 | -42.2% |
| Recurring financial income | 75 | €104,028 | €60,139 | -€43,889 | -42.2% |
| Income from current assets | 751 | €77,488 | €33,599 | -€43,889 | -56.6% |
| Other financial income | 752/9 | €26,540 | €26,540 | = | 0.0% |
| Financial charges | 65/66B | €32,281 | €133,076 | +€100,795 | +312% |
| Recurring financial charges | 65 | €32,281 | €133,076 | +€100,795 | +312% |
| Debt charges | 650 | €12,663 | €13,119 | +€456 | +3.6% |
| Other financial charges | 652/9 | €19,618 | €119,957 | +€100,339 | +511% |
| Profit (loss) for the period before taxes | 9903 | €1,283,107 | €1,347,549 | +€64,442 | +5.0% |
| Income taxes | 67/77 | €361,518 | €70,867 | -€290,651 | -80.4% |
| Taxes | 670/3 | €361,518 | €227,483 | -€134,035 | -37.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €156,616 | +€156,616 | |
| Profit (loss) for the period | 9904 | €921,589 | €1,276,682 | +€355,093 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €921,589 | €1,276,682 | +€355,093 | +38.5% |
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 29 October 2026 via checked.be.