TELEREX: 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.
What changed
TELEREX
NACE 46.500, Wholesale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€651,860
2024 · -€710,860+€59,000
Equity
€109,936
2024 · €761,796-€651,860
Cash
€1.1m
2024 · €416,673+€681,807
Balance sheet total
€4.8m
2024 · €3.5m+€1.3m
Largest movements
Assets
- Cash +€681,807
up €681,807 (+163.6%), from €416,673 to €1.1m
mainly Trade debts (+€1.8m) and Tax, wage and social debts (+€251,803)
- Receivables within one year +€661,068
up €661,068 (+21.7%), from €3.0m to €3.7m
of which Trade receivables: +€668,673
Equity and liabilities
- Trade debts +€1.8m
up €1.8m (+134.9%), from €1.3m to €3.1m
- Profit (loss) carried forward -€651,860
down €651,860, from €129,668 to -€522,193
- Tax, wage and social debts +€251,803
up €251,803 (+86.6%), from €290,783 to €542,586
of which Taxes: +€129,368
- Advances received -€142,568
no longer reported in 2025 (was €142,568)
Income statement
- Turnover +€2.3m
up €2.3m (+26.5%), from €8.9m to €11.2m
- Goods and materials +€1.9m
up €1.9m (+31.2%), from €6.2m to €8.1m
of which Purchases: +€1.9m
- Financial charges +€477,364
up €477,364 (+511.0%), from €93,409 to €570,773
- Financial income +€430,510
up €430,510 (+474.6%), from €90,720 to €521,230
- Services and other goods +€211,026
up €211,026 (+12.7%), from €1.7m to €1.9m
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
-€710,860
Turnover
+€2.3m
Other operating income
-€16,254
Goods and materials
-€1.9m
Services and other goods
-€211,026
Staff costs
-€109,296
Depreciation
+€22,531
Write-downs
-€53,366
Other operating charges
+€47,811
Other operating items
+€8,264
Financial income
+€430,510
Financial charges
-€477,364
Taxes
+€855
Result 2025
-€651,860
Cash bridge derived
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
+€683,755
Investment
-€1,948
Financing
€0
Cash 2024
€416,673
From operations (derived)
+€683,755
Net result for the year
-€651,860
Depreciation
+€13,305
Smaller working-capital items
+€2,429
Receivables within one year
-€661,068
Trade debts
+€1.8m
Tax, wage and social debts
+€251,803
Advances received
-€142,568
Other debts
+€35,309
Accrued charges and deferred income
+€42,719
Investment (derived)
-€1,948
Investment in fixed assets (net)
-€1,948
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,500,814 | €4,829,902 | +€1.3m | +38.0% |
| Fixed assets | 21/28 | €33,685 | €22,328 | -€11,357 | -33.7% |
| Tangible fixed assets | 22/27 | €33,685 | €22,328 | -€11,357 | -33.7% |
| Plant, machinery and equipment | 23 | €190 | - | -€190 | |
| Furniture and vehicles | 24 | €33,495 | €22,328 | -€11,167 | -33.3% |
| Current assets | 29/58 | €3,467,128 | €4,807,574 | +€1.3m | +38.7% |
| Stocks and contracts in progress | 3 | - | €563 | +€563 | |
| Stocks | 30/36 | - | €563 | +€563 | |
| Goods purchased for resale | 34 | - | €563 | +€563 | |
| Amounts receivable within one year | 40/41 | €3,047,463 | €3,708,531 | +€661,068 | +21.7% |
| Trade receivables | 40 | €1,426,463 | €2,095,136 | +€668,673 | +46.9% |
| Other amounts receivable | 41 | €1,621,000 | €1,613,395 | -€7,605 | -0.5% |
| Cash at bank and in hand | 54/58 | €416,673 | €1,098,480 | +€681,807 | +163.6% |
| Deferred charges and accrued income | 490/1 | €2,992 | - | -€2,992 | |
| Total equity and liabilities | 10/49 | €3,500,814 | €4,829,902 | +€1.3m | +38.0% |
| Equity | 10/15 | €761,796 | €109,936 | -€651,860 | -85.6% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Outside capital | 11 | €495,787 | €495,787 | = | 0.0% |
| Share premium | 1100/10 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,668 | -€522,193 | -€651,860 | |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €60,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,679,017 | €4,659,966 | +€2.0m | +73.9% |
| Amounts payable within one year | 42/48 | €2,641,178 | €4,579,408 | +€1.9m | +73.4% |
| Trade debts | 44 | €1,329,827 | €3,123,513 | +€1.8m | +134.9% |
| Suppliers | 440/4 | €1,329,827 | €3,123,513 | +€1.8m | +134.9% |
| Advances received on contracts in progress | 46 | €142,568 | - | -€142,568 | |
| Taxes, remuneration and social security | 45 | €290,783 | €542,586 | +€251,803 | +86.6% |
| Taxes | 450/3 | €75,711 | €205,079 | +€129,368 | +170.9% |
| Remuneration and social security | 454/9 | €215,072 | €337,507 | +€122,435 | +56.9% |
| Other amounts payable | 47/48 | €878,000 | €913,309 | +€35,309 | +4.0% |
| Accrued charges and deferred income | 492/3 | €37,839 | €80,558 | +€42,719 | +112.9% |
| Operating income | 70/76A | €9,034,599 | €11,370,566 | +€2.3m | +25.9% |
| Turnover | 70 | €8,854,302 | €11,198,259 | +€2.3m | +26.5% |
| Other operating income | 74 | €180,297 | €164,043 | -€16,254 | -9.0% |
| Non-recurring operating income | 76A | - | €8,264 | +€8,264 | |
| Operating charges | 60/66A | €9,739,270 | €11,970,239 | +€2.2m | +22.9% |
| Goods for resale, raw materials and consumables | 60 | €6,183,029 | €8,110,652 | +€1.9m | +31.2% |
| Purchases | 600/8 | €6,183,029 | €8,110,501 | +€1.9m | +31.2% |
| Change in stocks: decrease (increase) | 609 | - | €151 | +€151 | |
| Services and other goods | 61 | €1,659,447 | €1,870,473 | +€211,026 | +12.7% |
| Remuneration, social security and pensions | 62 | €1,853,970 | €1,963,266 | +€109,296 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,837 | €13,305 | -€22,531 | -62.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€45,427 | €7,939 | +€53,366 | |
| Other operating charges | 640/8 | €52,415 | €4,604 | -€47,811 | -91.2% |
| Operating profit (loss) | 9901 | -€704,671 | -€599,672 | +€104,999 | +14.9% |
| Financial income | 75/76B | €90,720 | €521,230 | +€430,510 | +474.6% |
| Recurring financial income | 75 | €90,720 | €521,230 | +€430,510 | +474.6% |
| Income from current assets | 751 | €37,951 | €35,395 | -€2,556 | -6.7% |
| Other financial income | 752/9 | €52,769 | €485,836 | +€433,067 | +820.7% |
| Financial charges | 65/66B | €93,409 | €570,773 | +€477,364 | +511.0% |
| Recurring financial charges | 65 | €93,409 | €570,773 | +€477,364 | +511.0% |
| Debt charges | 650 | €50,584 | €50,441 | -€143 | -0.3% |
| Other financial charges | 652/9 | €42,825 | €520,332 | +€477,507 | +1115.0% |
| Profit (loss) for the period before taxes | 9903 | -€707,360 | -€649,215 | +€58,145 | +8.2% |
| Income taxes | 67/77 | €3,500 | €2,645 | -€855 | -24.4% |
| Taxes | 670/3 | €3,500 | €5,632 | +€2,132 | +60.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,987 | +€2,987 | |
| Profit (loss) for the period | 9904 | -€710,860 | -€651,860 | +€59,000 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€710,860 | -€651,860 | +€59,000 | +8.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.