TELEGROUP: 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.
TELEGROUP
Largest movements
- Receivables within one year +€18,511
up €18,511 (+133%), from €13,942 to €32,453
of which Trade receivables: +€15,427
- Stocks and contracts +€12,398
up €12,398 (+76.2%), from €16,278 to €28,676
- Tangible fixed assets +€5,637
up €5,637 (+18.1%), from €31,136 to €36,773
of which Furniture and vehicles: +€9,138
- Intangible fixed assets -€3,473
down €3,473 (-26.0%), from €13,340 to €9,867
- Cash -€1,373
down €1,373 (-40.9%), from €3,355 to €1,982
mainly Receivables within one year (-€18,511) and Investment in fixed assets (net) (-€12,800)
- Current portion of long-term debt +€8,490
new in 2025: €8,490
- Reserves +€8,278
up €8,278 (+61.9%), from €13,367 to €21,645
of which Distributable reserves: +€8,278
- Trade debts +€6,777
up €6,777 (+20.0%), from €33,907 to €40,684
- Profit (loss) carried forward +€4,465
up €4,465, from -€4,465 to €0
- Debts after one year +€3,614
new in 2025: €3,614
- Gross operating margin +€30,673
up €30,673 (+1,430%), from €2,144 to €32,818
- Other operating charges +€4,903
up €4,903 (+317%), from €1,546 to €6,449
- Depreciation +€2,197
up €2,197 (+26.0%), from €8,439 to €10,636
- Financial charges +€1,161
up €1,161 (+68.5%), from €1,695 to €2,856
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 | €79,785 | €111,389 | +€31,604 | +39.6% |
| Fixed assets | 21/28 | €44,476 | €46,640 | +€2,164 | +4.9% |
| Intangible fixed assets | 21 | €13,340 | €9,867 | -€3,473 | -26.0% |
| Tangible fixed assets | 22/27 | €31,136 | €36,773 | +€5,637 | +18.1% |
| Plant, machinery and equipment | 23 | €3,206 | €1,923 | -€1,282 | -40.0% |
| Furniture and vehicles | 24 | €8,959 | €18,097 | +€9,138 | +102% |
| Other tangible fixed assets | 26 | €18,972 | €16,752 | -€2,220 | -11.7% |
| Current assets | 29/58 | €35,308 | €64,749 | +€29,440 | +83.4% |
| Stocks and contracts in progress | 3 | €16,278 | €28,676 | +€12,398 | +76.2% |
| Stocks | 30/36 | €16,278 | €28,676 | +€12,398 | +76.2% |
| Amounts receivable within one year | 40/41 | €13,942 | €32,453 | +€18,511 | +133% |
| Trade receivables | 40 | €13,942 | €29,369 | +€15,427 | +111% |
| Other amounts receivable | 41 | €0 | €3,084 | +€3,084 | |
| Cash at bank and in hand | 54/58 | €3,355 | €1,982 | -€1,373 | -40.9% |
| Deferred charges and accrued income | 490/1 | €1,733 | €1,637 | -€96 | -5.5% |
| Total equity and liabilities | 10/49 | €79,785 | €111,389 | +€31,604 | +39.6% |
| Equity | 10/15 | €21,302 | €34,045 | +€12,743 | +59.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,367 | €21,645 | +€8,278 | +61.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,507 | €11,507 | = | 0.0% |
| Distributable reserves | 133 | €0 | €8,278 | +€8,278 | |
| Profit (loss) carried forward | 14 | -€4,465 | €0 | +€4,465 | |
| Amounts payable | 17/49 | €58,482 | €77,344 | +€18,861 | +32.3% |
| Amounts payable after more than one year | 17 | - | €3,614 | +€3,614 | |
| Financial debts | 170/4 | - | €3,614 | +€3,614 | |
| Amounts payable within one year | 42/48 | €58,482 | €73,730 | +€15,248 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,490 | +€8,490 | |
| Trade debts | 44 | €33,907 | €40,684 | +€6,777 | +20.0% |
| Suppliers | 440/4 | €33,907 | €40,684 | +€6,777 | +20.0% |
| Taxes, remuneration and social security | 45 | €1,157 | €134 | -€1,023 | -88.4% |
| Taxes | 450/3 | €1,157 | €134 | -€1,023 | -88.4% |
| Other amounts payable | 47/48 | €23,419 | €24,422 | +€1,004 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,439 | €10,636 | +€2,197 | +26.0% |
| Other operating charges | 640/8 | €1,546 | €6,449 | +€4,903 | +317% |
| Gross operating margin | 9900 | €2,144 | €32,818 | +€30,673 | +1,430% |
| Operating profit (loss) | 9901 | -€7,840 | €15,732 | +€23,573 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,695 | €2,856 | +€1,161 | +68.5% |
| Recurring financial charges | 65 | €1,695 | €2,856 | +€1,161 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,535 | €12,877 | +€22,412 | |
| Income taxes | 67/77 | €303 | €134 | -€170 | -55.9% |
| Profit (loss) for the period | 9904 | -€9,838 | €12,743 | +€22,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,838 | €12,743 | +€22,581 |
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 15 October 2026 via checked.be.