Telematica Ventures: 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.
Telematica Ventures
Largest movements
- Receivables within one year -€95,491
down €95,491 (-20.5%), from €465,081 to €369,590
- Deferred charges and accrued income +€84,202
up €84,202 (+246%), from €34,225 to €118,428
- Other debts +€104,731
up €104,731 (+424%), from €24,680 to €129,411
- Profit (loss) carried forward -€85,635
down €85,635 (-21.2%), from -€403,487 to -€489,121
- Trade debts -€22,890
down €22,890 (-97.9%), from €23,381 to €491
- Write-downs -€265,080
no longer reported in 2024 (was €265,080)
- Gross operating margin -€64,100
down €64,100, from €41,972 to -€22,128
- Taxes -€48,171
down €48,171 (-100.0%), from €48,171 to €0
- Other operating charges -€9,606
down €9,606 (-86.5%), from €11,109 to €1,503
- Financial charges +€2,999
up €2,999 (+284%), from €1,057 to €4,056
of which Non-recurring financial charges: +€3,161
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.
Derived cash bridge
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 | €1,580,403 | €1,573,519 | -€6,884 | -0.4% |
| Fixed assets | 21/28 | €1,079,631 | €1,085,415 | +€5,785 | +0.5% |
| Tangible fixed assets | 22/27 | €1,079,631 | €1,085,415 | +€5,785 | +0.5% |
| Land and buildings | 22 | €1,062,066 | €1,022,098 | -€39,968 | -3.8% |
| Furniture and vehicles | 24 | €6,825 | €56,158 | +€49,333 | +723% |
| Other tangible fixed assets | 26 | €10,740 | €7,160 | -€3,580 | -33.3% |
| Current assets | 29/58 | €500,773 | €488,104 | -€12,669 | -2.5% |
| Amounts receivable within one year | 40/41 | €465,081 | €369,590 | -€95,491 | -20.5% |
| Other amounts receivable | 41 | €465,081 | €369,590 | -€95,491 | -20.5% |
| Cash at bank and in hand | 54/58 | €1,466 | €86 | -€1,380 | -94.1% |
| Deferred charges and accrued income | 490/1 | €34,225 | €118,428 | +€84,202 | +246% |
| Total equity and liabilities | 10/49 | €1,580,403 | €1,573,519 | -€6,884 | -0.4% |
| Equity | 10/15 | €1,528,895 | €1,443,261 | -€85,635 | -5.6% |
| Contributions | 10/11 | €123,973 | €123,973 | = | 0.0% |
| Capital | 10 | €123,973 | €123,973 | = | 0.0% |
| Issued capital | 100 | €123,973 | €123,973 | = | 0.0% |
| Reserves | 13 | €1,808,409 | €1,808,409 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,397 | €12,397 | = | 0.0% |
| Legal reserve | 130 | €12,397 | €12,397 | = | 0.0% |
| Distributable reserves | 133 | €1,796,011 | €1,796,011 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€403,487 | -€489,121 | -€85,635 | -21.2% |
| Amounts payable | 17/49 | €51,508 | €130,259 | +€78,750 | +153% |
| Amounts payable within one year | 42/48 | €51,508 | €130,258 | +€78,750 | +153% |
| Trade debts | 44 | €23,381 | €491 | -€22,890 | -97.9% |
| Suppliers | 440/4 | €23,381 | €491 | -€22,890 | -97.9% |
| Taxes, remuneration and social security | 45 | €3,447 | €356 | -€3,091 | -89.7% |
| Taxes | 450/3 | €3,447 | €356 | -€3,091 | -89.7% |
| Other amounts payable | 47/48 | €24,680 | €129,411 | +€104,731 | +424% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -50.0% |
| Non-recurring operating income | 76A | - | €5,477 | +€5,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,053 | €57,948 | +€1,894 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €265,080 | - | -€265,080 | |
| Other operating charges | 640/8 | €11,109 | €1,503 | -€9,606 | -86.5% |
| Gross operating margin | 9900 | €41,972 | -€22,128 | -€64,100 | |
| Operating profit (loss) | 9901 | -€290,270 | -€81,578 | +€208,691 | +71.9% |
| Financial income | 75/76B | €4 | €0 | -€4 | -95.1% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -95.1% |
| Financial charges | 65/66B | €1,057 | €4,056 | +€2,999 | +284% |
| Recurring financial charges | 65 | €1,057 | €895 | -€162 | -15.3% |
| Non-recurring financial charges | 66B | - | €3,161 | +€3,161 | |
| Profit (loss) for the period before taxes | 9903 | -€291,323 | -€85,634 | +€205,689 | +70.6% |
| Income taxes | 67/77 | €48,171 | €0 | -€48,171 | -100.0% |
| Profit (loss) for the period | 9904 | -€339,494 | -€85,635 | +€253,860 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€339,494 | -€85,635 | +€253,860 | +74.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.