TELEFIX: what changed
Two fiscal 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.
TELEFIX
Largest movements
- Receivables within one year +€184,027
up €184,027 (+73.6%), from €250,117 to €434,144
of which Other amounts receivable: +€129,432
- Cash -€30,755
down €30,755 (-76.8%), from €40,038 to €9,283
mainly Receivables within one year (-€184,027) and Investment in fixed assets (net) (-€21,048)
- Receivables after one year -€13,083
down €13,083 (-23.7%), from €55,146 to €42,062
- Profit (loss) carried forward +€76,085
up €76,085 (+45.2%), from €168,347 to €244,432
- Trade debts +€44,154
up €44,154 (+33.8%), from €130,546 to €174,700
- Tax, wage and social debts +€19,444
up €19,444 (+55.1%), from €35,275 to €54,718
of which Taxes: +€17,934
- Gross operating margin +€41,385
up €41,385 (+23.7%), from €174,481 to €215,866
- Staff costs +€19,560
up €19,560 (+35.3%), from €55,472 to €75,032
- Taxes +€10,754
up €10,754 (+57.4%), from €18,738 to €29,492
- Write-downs -€7,000
no longer reported in 2024 (was €7,000)
- Financial charges +€6,623
up €6,623 (+72.1%), from €9,186 to €15,808
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,168 | €523,850 | +€139,682 | +36.4% |
| Fixed assets | 21/28 | €38,867 | €37,232 | -€1,635 | -4.2% |
| Tangible fixed assets | 22/27 | €38,867 | €37,232 | -€1,635 | -4.2% |
| Plant, machinery and equipment | 23 | €23,920 | €23,781 | -€139 | -0.6% |
| Furniture and vehicles | 24 | €14,947 | €13,452 | -€1,495 | -10.0% |
| Current assets | 29/58 | €345,301 | €486,617 | +€141,317 | +40.9% |
| Amounts receivable after more than one year | 29 | €55,146 | €42,062 | -€13,083 | -23.7% |
| Other amounts receivable | 291 | €55,146 | €42,062 | -€13,083 | -23.7% |
| Amounts receivable within one year | 40/41 | €250,117 | €434,144 | +€184,027 | +73.6% |
| Trade receivables | 40 | €195,379 | €249,975 | +€54,595 | +27.9% |
| Other amounts receivable | 41 | €54,737 | €184,170 | +€129,432 | +236.5% |
| Cash at bank and in hand | 54/58 | €40,038 | €9,283 | -€30,755 | -76.8% |
| Deferred charges and accrued income | 490/1 | - | €1,128 | +€1,128 | |
| Total equity and liabilities | 10/49 | €384,168 | €523,850 | +€139,682 | +36.4% |
| Equity | 10/15 | €218,347 | €294,432 | +€76,085 | +34.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,347 | €244,432 | +€76,085 | +45.2% |
| Amounts payable | 17/49 | €165,821 | €229,418 | +€63,597 | +38.4% |
| Amounts payable within one year | 42/48 | €165,821 | €229,418 | +€63,597 | +38.4% |
| Trade debts | 44 | €130,546 | €174,700 | +€44,154 | +33.8% |
| Suppliers | 440/4 | €130,546 | €174,700 | +€44,154 | +33.8% |
| Taxes, remuneration and social security | 45 | €35,275 | €54,718 | +€19,444 | +55.1% |
| Taxes | 450/3 | €30,932 | €48,867 | +€17,934 | +58.0% |
| Remuneration and social security | 454/9 | €4,342 | €5,852 | +€1,509 | +34.8% |
| Remuneration, social security and pensions | 62 | €55,472 | €75,032 | +€19,560 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,625 | €22,683 | +€1,058 | +4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,000 | - | -€7,000 | |
| Other operating charges | 640/8 | €2,343 | €3,339 | +€996 | +42.5% |
| Gross operating margin | 9900 | €174,481 | €215,866 | +€41,385 | +23.7% |
| Operating profit (loss) | 9901 | €88,041 | €114,813 | +€26,771 | +30.4% |
| Financial income | 75/76B | €3,670 | €6,573 | +€2,903 | +79.1% |
| Recurring financial income | 75 | €3,670 | €6,573 | +€2,903 | +79.1% |
| Financial charges | 65/66B | €9,186 | €15,808 | +€6,623 | +72.1% |
| Recurring financial charges | 65 | €9,186 | €15,808 | +€6,623 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €82,525 | €105,577 | +€23,052 | +27.9% |
| Income taxes | 67/77 | €18,738 | €29,492 | +€10,754 | +57.4% |
| Profit (loss) for the period | 9904 | €63,787 | €76,085 | +€12,298 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,787 | €76,085 | +€12,298 | +19.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.