TELESTE 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.
TELESTE BELGIUM
Largest movements
- Receivables within one year +€616,985
up €616,985 (+27.7%), from €2.2m to €2.8m
of which Other amounts receivable: +€945,614
- Tangible fixed assets -€39,930
down €39,930 (-9.9%), from €401,483 to €361,552
of which Land and buildings: -€24,954
- Trade debts +€554,614
up €554,614 (+151%), from €366,552 to €921,166
of which Suppliers: +€554,614
- Tax, wage and social debts +€78,949
up €78,949 (+34.8%), from €226,666 to €305,615
of which Remuneration and social security: +€49,364
- Gross operating margin +€239,091
up €239,091 (+19.5%), from €1.2m to €1.5m
- Staff costs +€132,152
up €132,152 (+9.8%), from €1.3m to €1.5m
- Financial income -€124,187
down €124,187 (-78.2%), from €158,781 to €34,594
- Write-downs -€42,492
down €42,492, from €11,037 to -€31,455
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 | €2,904,796 | €3,498,890 | +€594,094 | +20.5% |
| Fixed assets | 21/28 | €402,483 | €362,552 | -€39,930 | -9.9% |
| Tangible fixed assets | 22/27 | €401,483 | €361,552 | -€39,930 | -9.9% |
| Land and buildings | 22 | €368,139 | €343,185 | -€24,954 | -6.8% |
| Plant, machinery and equipment | 23 | €32,948 | €18,367 | -€14,580 | -44.3% |
| Furniture and vehicles | 24 | €396 | €0 | -€396 | -100% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €2,502,314 | €3,136,338 | +€634,024 | +25.3% |
| Stocks and contracts in progress | 3 | €23,711 | €29,290 | +€5,579 | +23.5% |
| Stocks | 30/36 | €23,711 | €29,290 | +€5,579 | +23.5% |
| Amounts receivable within one year | 40/41 | €2,223,426 | €2,840,411 | +€616,985 | +27.7% |
| Trade receivables | 40 | €807,637 | €479,008 | -€328,628 | -40.7% |
| Other amounts receivable | 41 | €1,415,789 | €2,361,402 | +€945,614 | +66.8% |
| Cash at bank and in hand | 54/58 | €255,177 | €266,637 | +€11,460 | +4.5% |
| Total equity and liabilities | 10/49 | €2,904,796 | €3,498,890 | +€594,094 | +20.5% |
| Equity | 10/15 | €2,306,502 | €2,272,110 | -€34,392 | -1.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,356,830 | €2,356,830 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,350,680 | €2,350,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,829 | -€146,221 | -€34,392 | -30.8% |
| Amounts payable | 17/49 | €598,295 | €1,226,781 | +€628,486 | +105% |
| Amounts payable within one year | 42/48 | €598,295 | €1,226,781 | +€628,486 | +105% |
| Trade debts | 44 | €366,552 | €921,166 | +€554,614 | +151% |
| Suppliers | 440/4 | €366,500 | €921,114 | +€554,614 | +151% |
| Bills of exchange payable | 441 | €52 | €52 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €226,666 | €305,615 | +€78,949 | +34.8% |
| Taxes | 450/3 | €76,070 | €105,655 | +€29,585 | +38.9% |
| Remuneration and social security | 454/9 | €150,596 | €199,960 | +€49,364 | +32.8% |
| Other amounts payable | 47/48 | €5,077 | €0 | -€5,077 | -100% |
| Non-recurring operating income | 76A | €143 | €16 | -€127 | -88.9% |
| Remuneration, social security and pensions | 62 | €1,341,775 | €1,473,927 | +€132,152 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,812 | €46,091 | -€721 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,037 | -€31,455 | -€42,492 | |
| Other operating charges | 640/8 | €13,675 | €12,551 | -€1,124 | -8.2% |
| Gross operating margin | 9900 | €1,225,445 | €1,464,536 | +€239,091 | +19.5% |
| Operating profit (loss) | 9901 | -€187,854 | -€36,579 | +€151,276 | +80.5% |
| Financial income | 75/76B | €158,781 | €34,594 | -€124,187 | -78.2% |
| Recurring financial income | 75 | €158,781 | €34,594 | -€124,187 | -78.2% |
| Financial charges | 65/66B | €19,481 | €28,980 | +€9,498 | +48.8% |
| Recurring financial charges | 65 | €19,481 | €28,980 | +€9,498 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | -€48,555 | -€30,965 | +€17,590 | +36.2% |
| Income taxes | 67/77 | -€954 | €3,427 | +€4,381 | |
| Profit (loss) for the period | 9904 | -€47,601 | -€34,392 | +€13,209 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,601 | -€34,392 | +€13,209 | +27.7% |
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 29 October 2026 via checked.be.