TELEROM: 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.
TELEROM
Largest movements
- Cash +€167,553
up €167,553 (+14152.4%), from €1,184 to €168,737
mainly Other debts (+€101,299) and Receivables after one year (+€73,000)
- Receivables within one year +€133,316
up €133,316 (+19.3%), from €692,245 to €825,560
of which Other amounts receivable: +€136,866
- Receivables after one year -€73,000
down €73,000 (-17.7%), from €412,756 to €339,756
- Tangible fixed assets -€38,121
down €38,121 (-7.9%), from €485,490 to €447,369
of which Land and buildings: -€37,404
- Other debts +€101,299
up €101,299 (+12.0%), from €846,242 to €947,541
- Reserves +€50,360
up €50,360 (+38.5%), from €130,740 to €181,100
of which Distributable reserves: +€50,360
- Trade debts +€22,258
up €22,258 (+258.0%), from €8,626 to €30,883
- Financial income +€44,599
up €44,599 (+179.5%), from €24,840 to €69,439
- Staff costs +€19,532
up €19,532 (+47.9%), from €40,765 to €60,297
- Gross operating margin -€5,910
down €5,910 (-5.0%), from €117,499 to €111,589
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,592,275 | €1,782,023 | +€189,748 | +11.9% |
| Fixed assets | 21/28 | €486,090 | €447,969 | -€38,121 | -7.8% |
| Tangible fixed assets | 22/27 | €485,490 | €447,369 | -€38,121 | -7.9% |
| Land and buildings | 22 | €484,250 | €446,846 | -€37,404 | -7.7% |
| Furniture and vehicles | 24 | €1,240 | €523 | -€717 | -57.9% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €1,106,185 | €1,334,054 | +€227,869 | +20.6% |
| Amounts receivable after more than one year | 29 | €412,756 | €339,756 | -€73,000 | -17.7% |
| Other amounts receivable | 291 | €412,756 | €339,756 | -€73,000 | -17.7% |
| Amounts receivable within one year | 40/41 | €692,245 | €825,560 | +€133,316 | +19.3% |
| Trade receivables | 40 | €43,500 | €39,950 | -€3,550 | -8.2% |
| Other amounts receivable | 41 | €648,745 | €785,610 | +€136,866 | +21.1% |
| Cash at bank and in hand | 54/58 | €1,184 | €168,737 | +€167,553 | +14152.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,592,275 | €1,782,023 | +€189,748 | +11.9% |
| Equity | 10/15 | €355,740 | €406,100 | +€50,360 | +14.2% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €130,740 | €181,100 | +€50,360 | +38.5% |
| Non-distributable reserves | 130/1 | €22,500 | €22,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,500 | €22,500 | = | 0.0% |
| Distributable reserves | 133 | €108,240 | €158,600 | +€50,360 | +46.5% |
| Amounts payable | 17/49 | €1,236,535 | €1,375,922 | +€139,387 | +11.3% |
| Amounts payable within one year | 42/48 | €1,120,375 | €1,245,242 | +€124,867 | +11.1% |
| Financial debts | 43 | €242,000 | €243,483 | +€1,483 | +0.6% |
| Credit institutions | 430/8 | - | €1,483 | +€1,483 | |
| Other loans | 439 | €242,000 | €242,000 | = | 0.0% |
| Trade debts | 44 | €8,626 | €30,883 | +€22,258 | +258.0% |
| Suppliers | 440/4 | €8,626 | €30,883 | +€22,258 | +258.0% |
| Taxes, remuneration and social security | 45 | €23,507 | €23,335 | -€172 | -0.7% |
| Taxes | 450/3 | €15,194 | €11,176 | -€4,017 | -26.4% |
| Remuneration and social security | 454/9 | €8,314 | €12,159 | +€3,845 | +46.3% |
| Other amounts payable | 47/48 | €846,242 | €947,541 | +€101,299 | +12.0% |
| Accrued charges and deferred income | 492/3 | €116,160 | €130,680 | +€14,520 | +12.5% |
| Remuneration, social security and pensions | 62 | €40,765 | €60,297 | +€19,532 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,005 | €52,855 | +€850 | +1.6% |
| Other operating charges | 640/8 | €2,534 | €2,663 | +€129 | +5.1% |
| Gross operating margin | 9900 | €117,499 | €111,589 | -€5,910 | -5.0% |
| Operating profit (loss) | 9901 | €22,195 | -€4,226 | -€26,421 | |
| Financial income | 75/76B | €24,840 | €69,439 | +€44,599 | +179.5% |
| Recurring financial income | 75 | €24,840 | €69,439 | +€44,599 | +179.5% |
| Financial charges | 65/66B | €14,775 | €14,852 | +€77 | +0.5% |
| Recurring financial charges | 65 | €14,775 | €14,852 | +€77 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €32,259 | €50,360 | +€18,101 | +56.1% |
| Profit (loss) for the period | 9904 | €32,259 | €50,360 | +€18,101 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,259 | €50,360 | +€18,101 | +56.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.