Telespazio BeNeLux: what changed
What changed
Telespazio BeNeLux
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€4.1m
2024 · €4.5m-€354,922
Equity
€4.1m
2024 · €4.1m+€24
Cash
€77,652
2024 · €507,327-€429,675
Balance sheet total
€42.0m
2024 · €34.0m+€8.0m
Largest movements
Assets
- Receivables within one year +€6.9m
up €6.9m (+25.4%), from €27.3m to €34.2m
of which Trade receivables: +€6.5m
- Stocks and contracts +€1.1m
up €1.1m (+22.1%), from €4.9m to €6.0m
- Intangible fixed assets +€557,130
up €557,130 (+140%), from €399,332 to €956,462
- Cash -€429,675
down €429,675 (-84.7%), from €507,327 to €77,652
mainly Receivables within one year (-€6.9m) and Contributions, distributions and other (-€4.1m)
Equity and liabilities
- Advances received +€5.8m
up €5.8m (+287%), from €2.0m to €7.8m
- Trade debts +€3.7m
up €3.7m (+17.8%), from €20.8m to €24.4m
- Tax, wage and social debts -€681,327
down €681,327 (-33.6%), from €2.0m to €1.3m
of which Remuneration and social security: -€363,231
- Other debts -€585,451
down €585,451 (-12.3%), from €4.8m to €4.2m
Income statement
- Goods and materials +€5.9m
up €5.9m (+22.1%), from €26.8m to €32.7m
- Turnover +€5.7m
up €5.7m (+9.5%), from €59.7m to €65.4m
- Provisions +€1.2m
up €1.2m (+82.9%), from -€1.5m to -€255,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4.5m
Turnover
+€5.7m
Other operating income
+€108,730
Goods and materials
-€5.9m
Services and other goods
+€424,316
Staff costs
+€485,369
Depreciation
-€146,431
Provisions
-€1.2m
Other operating charges
+€15,002
Other operating items
+€681,558
Financial income
-€708
Financial charges
-€66,353
Taxes
-€361,031
Result 2025
€4.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4.6m
Investment
-€918,569
Financing
-€4.1m
Cash 2024
€507,327
From operations (derived)
+€4.6m
Net result for the year
+€4.1m
Depreciation
+€364,486
Stocks and contracts
-€1.1m
Receivables within one year
-€6.9m
Deferred charges and accrued income
+€145,595
Provisions
-€255,000
Trade debts
+€3.7m
Tax, wage and social debts
-€681,327
Advances received
+€5.8m
Other debts
-€585,451
Accrued charges and deferred income
+€41,180
Investment (derived)
-€918,569
Investment in fixed assets (net)
-€918,569
Financing
-€4.1m
Contributions, distributions and other
-€4.1m
Cash 2025
€77,652
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,966,523 | €41,951,155 | +€8.0m | +23.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €871,632 | €1,425,715 | +€554,083 | +63.6% |
| Intangible fixed assets | 21 | €399,332 | €956,462 | +€557,130 | +140% |
| Tangible fixed assets | 22/27 | €336,304 | €354,382 | +€18,079 | +5.4% |
| Plant, machinery and equipment | 23 | €6,463 | €3,057 | -€3,406 | -52.7% |
| Furniture and vehicles | 24 | €329,840 | €351,325 | +€21,485 | +6.5% |
| Financial fixed assets | 28 | €135,997 | €114,871 | -€21,126 | -15.5% |
| Companies linked by participating interests | 282/3 | €3 | €3 | = | 0.0% |
| Participating interests | 282 | €3 | €3 | = | 0.0% |
| Other financial fixed assets | 284/8 | €135,994 | €114,868 | -€21,126 | -15.5% |
| Amounts receivable and cash guarantees | 285/8 | €135,994 | €114,868 | -€21,126 | -15.5% |
| Current assets | 29/58 | €33,094,891 | €40,525,440 | +€7.4m | +22.5% |
| Stocks and contracts in progress | 3 | €4,900,272 | €5,981,575 | +€1.1m | +22.1% |
| Contracts in progress | 37 | €4,900,272 | €5,981,575 | +€1.1m | +22.1% |
| Amounts receivable within one year | 40/41 | €27,254,508 | €34,179,023 | +€6.9m | +25.4% |
| Trade receivables | 40 | €16,762,333 | €23,308,709 | +€6.5m | +39.1% |
| Other amounts receivable | 41 | €10,492,175 | €10,870,314 | +€378,139 | +3.6% |
| Cash at bank and in hand | 54/58 | €507,327 | €77,652 | -€429,675 | -84.7% |
| Deferred charges and accrued income | 490/1 | €432,784 | €287,189 | -€145,595 | -33.6% |
| Total equity and liabilities | 10/49 | €33,966,523 | €41,951,155 | +€8.0m | +23.5% |
| Equity | 10/15 | €4,146,728 | €4,146,752 | +€24 | 0.0% |
| Contributions | 10/11 | €1,282,750 | €1,282,750 | = | 0.0% |
| Reserves | 13 | €128,275 | €128,275 | = | 0.0% |
| Distributable reserves | 133 | €128,275 | €128,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,735,703 | €2,735,727 | +€24 | 0.0% |
| Provisions and deferred taxes | 16 | €255,000 | - | -€255,000 | |
| Provisions for liabilities and charges | 160/5 | €255,000 | - | -€255,000 | |
| Other liabilities and charges | 164/5 | €255,000 | - | -€255,000 | |
| Amounts payable | 17/49 | €29,564,795 | €37,804,403 | +€8.2m | +27.9% |
| Amounts payable within one year | 42/48 | €29,564,773 | €37,763,201 | +€8.2m | +27.7% |
| Trade debts | 44 | €20,758,191 | €24,448,774 | +€3.7m | +17.8% |
| Suppliers | 440/4 | €20,758,191 | €24,448,774 | +€3.7m | +17.8% |
| Advances received on contracts in progress | 46 | €2,014,456 | €7,789,079 | +€5.8m | +287% |
| Taxes, remuneration and social security | 45 | €2,025,611 | €1,344,284 | -€681,327 | -33.6% |
| Taxes | 450/3 | €666,338 | €348,243 | -€318,095 | -47.7% |
| Remuneration and social security | 454/9 | €1,359,273 | €996,042 | -€363,231 | -26.7% |
| Other amounts payable | 47/48 | €4,766,515 | €4,181,064 | -€585,451 | -12.3% |
| Accrued charges and deferred income | 492/3 | €22 | €41,202 | +€41,180 | +184,496% |
| Operating income | 70/76A | €60,731,045 | €67,551,513 | +€6.8m | +11.2% |
| Turnover | 70 | €59,718,908 | €65,397,589 | +€5.7m | +9.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €711,504 | €1,081,303 | +€369,799 | +52.0% |
| Own construction capitalised | 72 | - | €663,259 | +€663,259 | |
| Other operating income | 74 | €300,633 | €409,363 | +€108,730 | +36.2% |
| Operating charges | 60/66A | €55,179,035 | €61,926,333 | +€6.7m | +12.2% |
| Goods for resale, raw materials and consumables | 60 | €26,796,825 | €32,730,880 | +€5.9m | +22.1% |
| Purchases | 600/8 | €26,796,825 | €32,730,880 | +€5.9m | +22.1% |
| Services and other goods | 61 | €5,645,770 | €5,221,454 | -€424,316 | -7.5% |
| Remuneration, social security and pensions | 62 | €23,649,369 | €23,164,000 | -€485,369 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,055 | €364,486 | +€146,431 | +67.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,495,000 | -€255,000 | +€1.2m | +82.9% |
| Other operating charges | 640/8 | €17,509 | €2,507 | -€15,002 | -85.7% |
| Non-recurring operating charges | 66A | €346,507 | €698,007 | +€351,500 | +101% |
| Operating profit (loss) | 9901 | €5,552,010 | €5,625,180 | +€73,170 | +1.3% |
| Financial income | 75/76B | €118,877 | €118,170 | -€708 | -0.6% |
| Recurring financial income | 75 | €118,877 | €118,170 | -€708 | -0.6% |
| Income from financial fixed assets | 750 | €117,685 | €111,432 | -€6,253 | -5.3% |
| Other financial income | 752/9 | €1,192 | €6,738 | +€5,546 | +465% |
| Financial charges | 65/66B | €60,370 | €126,723 | +€66,353 | +110% |
| Recurring financial charges | 65 | €60,370 | €126,723 | +€66,353 | +110% |
| Debt charges | 650 | €46,096 | €123,726 | +€77,630 | +168% |
| Other financial charges | 652/9 | €14,274 | €2,997 | -€11,277 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €5,610,518 | €5,616,627 | +€6,109 | +0.1% |
| Income taxes | 67/77 | €1,139,191 | €1,500,222 | +€361,031 | +31.7% |
| Taxes | 670/3 | €1,139,191 | €1,500,222 | +€361,031 | +31.7% |
| Profit (loss) for the period | 9904 | €4,471,327 | €4,116,405 | -€354,922 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,471,327 | €4,116,405 | -€354,922 | -7.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.