TELENCO: 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.
TELENCO
Largest movements
- Receivables within one year +€390,274
up €390,274 (+111%), from €350,313 to €740,587
of which Other amounts receivable: +€277,818
- Cash -€109,246
down €109,246 (-24.5%), from €446,114 to €336,868
mainly Receivables within one year (-€390,274) and Contributions, distributions and other (-€200,000)
- Tangible fixed assets -€57,395
down €57,395 (-14.2%), from €404,984 to €347,589
of which Plant, machinery and equipment: -€33,141
- Profit (loss) carried forward +€241,784
up €241,784 (+75.5%), from €320,214 to €561,998
- Tax, wage and social debts +€117,440
up €117,440 (+19.5%), from €603,665 to €721,105
of which Taxes: +€139,313
- Trade debts -€66,465
down €66,465 (-59.9%), from €110,884 to €44,419
- Debts after one year -€29,711
down €29,711 (-43.7%), from €67,912 to €38,201
- Other debts -€27,439
down €27,439 (-47.8%), from €57,439 to €30,000
- Gross operating margin +€790,641
up €790,641 (+23.7%), from €3.3m to €4.1m
- Staff costs +€535,516
up €535,516 (+20.0%), from €2.7m to €3.2m
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 | €1,228,890 | €1,445,894 | +€217,004 | +17.7% |
| Fixed assets | 21/28 | €425,834 | €368,439 | -€57,395 | -13.5% |
| Tangible fixed assets | 22/27 | €404,984 | €347,589 | -€57,395 | -14.2% |
| Plant, machinery and equipment | 23 | €73,285 | €40,144 | -€33,141 | -45.2% |
| Furniture and vehicles | 24 | €303,244 | €282,849 | -€20,395 | -6.7% |
| Other tangible fixed assets | 26 | €28,455 | €24,596 | -€3,859 | -13.6% |
| Financial fixed assets | 28 | €20,850 | €20,850 | = | 0.0% |
| Current assets | 29/58 | €803,056 | €1,077,455 | +€274,399 | +34.2% |
| Amounts receivable within one year | 40/41 | €350,313 | €740,587 | +€390,274 | +111% |
| Trade receivables | 40 | €322,087 | €434,543 | +€112,456 | +34.9% |
| Other amounts receivable | 41 | €28,226 | €306,044 | +€277,818 | +984% |
| Cash at bank and in hand | 54/58 | €446,114 | €336,868 | -€109,246 | -24.5% |
| Deferred charges and accrued income | 490/1 | €6,629 | - | -€6,629 | |
| Total equity and liabilities | 10/49 | €1,228,890 | €1,445,894 | +€217,004 | +17.7% |
| Equity | 10/15 | €340,674 | €582,458 | +€241,784 | +71.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,214 | €561,998 | +€241,784 | +75.5% |
| Amounts payable | 17/49 | €888,216 | €863,436 | -€24,780 | -2.8% |
| Amounts payable after more than one year | 17 | €67,912 | €38,201 | -€29,711 | -43.7% |
| Financial debts | 170/4 | €67,912 | €38,201 | -€29,711 | -43.7% |
| Amounts payable within one year | 42/48 | €820,304 | €825,235 | +€4,931 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €48,316 | €29,711 | -€18,605 | -38.5% |
| Trade debts | 44 | €110,884 | €44,419 | -€66,465 | -59.9% |
| Suppliers | 440/4 | €110,884 | €44,419 | -€66,465 | -59.9% |
| Taxes, remuneration and social security | 45 | €603,665 | €721,105 | +€117,440 | +19.5% |
| Taxes | 450/3 | €301,951 | €441,264 | +€139,313 | +46.1% |
| Remuneration and social security | 454/9 | €301,714 | €279,841 | -€21,873 | -7.2% |
| Other amounts payable | 47/48 | €57,439 | €30,000 | -€27,439 | -47.8% |
| Remuneration, social security and pensions | 62 | €2,679,543 | €3,215,059 | +€535,516 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,385 | €119,322 | +€10,937 | +10.1% |
| Other operating charges | 640/8 | €17,359 | €32,414 | +€15,055 | +86.7% |
| Non-recurring operating charges | 66A | - | €9,389 | +€9,389 | |
| Gross operating margin | 9900 | €3,334,963 | €4,125,604 | +€790,641 | +23.7% |
| Operating profit (loss) | 9901 | €529,676 | €749,420 | +€219,744 | +41.5% |
| Financial income | 75/76B | €53 | €547 | +€494 | +932% |
| Recurring financial income | 75 | €53 | €547 | +€494 | +932% |
| Financial charges | 65/66B | €6,533 | €4,379 | -€2,154 | -33.0% |
| Recurring financial charges | 65 | €6,533 | €4,379 | -€2,154 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €523,196 | €745,588 | +€222,392 | +42.5% |
| Income taxes | 67/77 | €279,569 | €303,804 | +€24,235 | +8.7% |
| Profit (loss) for the period | 9904 | €243,627 | €441,784 | +€198,157 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €243,627 | €441,784 | +€198,157 | +81.3% |
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 26 October 2026 via checked.be.