TeleSign Belgium: 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.
TeleSign Belgium
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-73.0%), from €2.7m to €741,444
of which Other amounts receivable: -€2.1m
- Deferred charges and accrued income -€361,324
down €361,324 (-63.8%), from €566,148 to €204,824
- Tangible fixed assets -€224,279
down €224,279 (-86.9%), from €258,007 to €33,728
- Cash +€66,465
up €66,465 (+94.1%), from €70,616 to €137,081
mainly Receivables within one year (+€2.0m) and Deferred charges and accrued income (+€361,324)
- Other debts -€2.4m
down €2.4m (-75.8%), from €3.2m to €781,764
- Tax, wage and social debts -€66,278
down €66,278 (-46.3%), from €143,101 to €76,823
of which Remuneration and social security: -€66,278
- Trade debts -€39,563
down €39,563 (-91.3%), from €43,340 to €3,777
- Gross operating margin -€532,910
down €532,910 (-50.4%), from €1.1m to €525,094
- Staff costs -€415,807
down €415,807 (-64.8%), from €641,507 to €225,700
- Depreciation -€80,093
down €80,093 (-26.3%), from €304,372 to €224,279
- Taxes -€35,920
down €35,920 (-71.2%), from €50,439 to €14,519
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 | €3,636,821 | €1,117,077 | -€2.5m | -69.3% |
| Fixed assets | 21/28 | €258,007 | €33,728 | -€224,279 | -86.9% |
| Tangible fixed assets | 22/27 | €258,007 | €33,728 | -€224,279 | -86.9% |
| Plant, machinery and equipment | 23 | €258,007 | €33,728 | -€224,279 | -86.9% |
| Current assets | 29/58 | €3,378,814 | €1,083,349 | -€2.3m | -67.9% |
| Amounts receivable within one year | 40/41 | €2,742,050 | €741,444 | -€2.0m | -73.0% |
| Trade receivables | 40 | €20,226 | €128,057 | +€107,831 | +533% |
| Other amounts receivable | 41 | €2,721,824 | €613,387 | -€2.1m | -77.5% |
| Cash at bank and in hand | 54/58 | €70,616 | €137,081 | +€66,465 | +94.1% |
| Deferred charges and accrued income | 490/1 | €566,148 | €204,824 | -€361,324 | -63.8% |
| Total equity and liabilities | 10/49 | €3,636,821 | €1,117,077 | -€2.5m | -69.3% |
| Equity | 10/15 | €226,157 | €254,713 | +€28,556 | +12.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,157 | €204,713 | +€28,556 | +16.2% |
| Amounts payable | 17/49 | €3,410,664 | €862,364 | -€2.5m | -74.7% |
| Amounts payable within one year | 42/48 | €3,410,664 | €862,364 | -€2.5m | -74.7% |
| Trade debts | 44 | €43,340 | €3,777 | -€39,563 | -91.3% |
| Suppliers | 440/4 | €43,340 | €3,777 | -€39,563 | -91.3% |
| Taxes, remuneration and social security | 45 | €143,101 | €76,823 | -€66,278 | -46.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €143,101 | €76,823 | -€66,278 | -46.3% |
| Other amounts payable | 47/48 | €3,224,223 | €781,764 | -€2.4m | -75.8% |
| Remuneration, social security and pensions | 62 | €641,507 | €225,700 | -€415,807 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304,372 | €224,279 | -€80,093 | -26.3% |
| Other operating charges | 640/8 | €148 | €186 | +€38 | +25.3% |
| Gross operating margin | 9900 | €1,058,004 | €525,094 | -€532,910 | -50.4% |
| Operating profit (loss) | 9901 | €111,977 | €74,930 | -€37,047 | -33.1% |
| Financial income | 75/76B | €1,053 | €0 | -€1,053 | -100% |
| Recurring financial income | 75 | €1,053 | €0 | -€1,053 | -100% |
| Financial charges | 65/66B | €27,867 | €31,856 | +€3,989 | +14.3% |
| Recurring financial charges | 65 | €27,867 | €31,856 | +€3,989 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €85,163 | €43,074 | -€42,089 | -49.4% |
| Income taxes | 67/77 | €50,439 | €14,519 | -€35,920 | -71.2% |
| Profit (loss) for the period | 9904 | €34,724 | €28,556 | -€6,168 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,724 | €28,556 | -€6,168 | -17.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.