TELEVIC: 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
TELEVIC
NACE 46.500, Wholesale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9.1m
2024 · €13.3m-€4.2m
Equity
€40.2m
2024 · €31.2m+€9.1m
Cash
€28.8m
2024 · €4.1m+€24.7m
Balance sheet total
€51.3m
2024 · €42.9m+€8.5m
Largest movements
Assets
- Cash +€24.7m
up €24.7m (+609.8%), from €4.1m to €28.8m
mainly Current investments (+€13.0m) and Net result for the year (+€9.1m)
- Current investments -€13.0m
no longer reported in 2025 (was €13.0m)
- Stocks and contracts -€3.4m
down €3.4m (-30.0%), from €11.4m to €8.0m
of which Stocks: -€3.1m
- Receivables within one year -€750,976
down €750,976 (-7.1%), from €10.7m to €9.9m
of which Trade receivables: -€612,933
Equity and liabilities
- Profit (loss) carried forward +€8.1m
up €8.1m (+32.0%), from €25.3m to €33.4m
- Reserves +€1,000,000
up €1,000,000 (+18.9%), from €5.3m to €6.3m
of which Distributable reserves: +€1.5m
Income statement
- Turnover -€3.6m
down €3.6m (-5.3%), from €66.7m to €63.2m
- Goods and materials -€3.5m
down €3.5m (-11.2%), from €31.5m to €28.0m
- Services and other goods +€1.7m
up €1.7m (+15.2%), from €11.3m to €13.0m
- Staff costs +€1.6m
up €1.6m (+17.0%), from €9.2m to €10.7m
- Taxes -€1.5m
down €1.5m (-57.8%), from €2.6m to €1.1m
of which Taxes: -€1.4m
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
€13.3m
Turnover
-€3.6m
Other operating income
+€112,914
Goods and materials
+€3.5m
Services and other goods
-€1.7m
Staff costs
-€1.6m
Depreciation
-€84,971
Provisions
+€278,431
Other operating charges
+€40,309
Other operating items
-€2.0m
Financial income
+€426,802
Financial charges
-€497,561
Other financial items
-€751,762
Taxes
+€1.5m
Result 2025
€9.1m
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
+€13.0m
Investment
+€12.1m
Financing
-€450,000
Cash 2024
€4.1m
From operations (derived)
+€13.0m
Net result for the year
+€9.1m
Depreciation
+€553,285
Receivables after one year
-€400,000
Stocks and contracts
+€3.4m
Receivables within one year
+€750,976
Deferred charges and accrued income
-€230,269
Provisions
-€92,682
Trade debts
-€47,425
Tax, wage and social debts
+€120,502
Advances received
-€97,407
Other debts
-€2,455
Accrued charges and deferred income
-€50,080
Investment (derived)
+€12.1m
Investment in fixed assets (net)
-€868,561
Current investments
+€13.0m
Financing
-€450,000
Debts after one year
-€450,000
Contributions, distributions and other
-€0
Cash 2025
€28.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,862,424 | €51,328,508 | +€8.5m | +19.8% |
| Fixed assets | 21/28 | €2,513,378 | €2,828,654 | +€315,276 | +12.5% |
| Intangible fixed assets | 21 | €390,000 | €260,000 | -€130,000 | -33.3% |
| Tangible fixed assets | 22/27 | €1,235,836 | €1,681,112 | +€445,276 | +36.0% |
| Furniture and vehicles | 24 | €1,235,836 | €1,681,112 | +€445,276 | +36.0% |
| Financial fixed assets | 28 | €887,542 | €887,542 | -€0 | 0.0% |
| Affiliated companies | 280/1 | €887,542 | €887,542 | -€0 | 0.0% |
| Participating interests | 280 | €887,542 | €887,542 | -€0 | 0.0% |
| Current assets | 29/58 | €40,349,046 | €48,499,853 | +€8.2m | +20.2% |
| Amounts receivable after more than one year | 29 | €1,100,000 | €1,500,000 | +€400,000 | +36.4% |
| Trade receivables | 290 | €1,100,000 | €1,500,000 | +€400,000 | +36.4% |
| Stocks and contracts in progress | 3 | €11,436,809 | €8,006,666 | -€3.4m | -30.0% |
| Stocks | 30/36 | €10,690,358 | €7,606,355 | -€3.1m | -28.8% |
| Raw materials and consumables | 30/31 | €2,672,002 | €1,840,661 | -€831,341 | -31.1% |
| Work in progress | 32 | €1,051,924 | €1,007,185 | -€44,739 | -4.3% |
| Finished goods | 33 | €6,243,849 | €4,335,400 | -€1.9m | -30.6% |
| Goods purchased for resale | 34 | €722,583 | €423,110 | -€299,473 | -41.4% |
| Contracts in progress | 37 | €746,451 | €400,311 | -€346,140 | -46.4% |
| Amounts receivable within one year | 40/41 | €10,651,913 | €9,900,937 | -€750,976 | -7.1% |
| Trade receivables | 40 | €9,650,712 | €9,037,779 | -€612,933 | -6.4% |
| Other amounts receivable | 41 | €1,001,201 | €863,158 | -€138,043 | -13.8% |
| Current investments | 50/53 | €13,000,000 | - | -€13.0m | |
| Other investments | 51/53 | €13,000,000 | - | -€13.0m | |
| Cash at bank and in hand | 54/58 | €4,050,919 | €28,752,577 | +€24.7m | +609.8% |
| Deferred charges and accrued income | 490/1 | €109,405 | €339,674 | +€230,269 | +210.5% |
| Total equity and liabilities | 10/49 | €42,862,424 | €51,328,508 | +€8.5m | +19.8% |
| Equity | 10/15 | €31,159,523 | €40,245,154 | +€9.1m | +29.2% |
| Contributions | 10/11 | €571,453 | €571,453 | -€0 | 0.0% |
| Capital | 10 | €571,453 | €571,453 | -€0 | 0.0% |
| Issued capital | 100 | €571,453 | €571,453 | -€0 | 0.0% |
| Reserves | 13 | €5,296,958 | €6,296,958 | +€1,000,000 | +18.9% |
| Non-distributable reserves | 130/1 | €57,145 | €57,145 | +€0 | 0.0% |
| Legal reserve | 130 | €57,145 | €57,145 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €4,083,013 | €3,609,513 | -€473,500 | -11.6% |
| Distributable reserves | 133 | €1,156,800 | €2,630,300 | +€1.5m | +127.4% |
| Profit (loss) carried forward | 14 | €25,291,112 | €33,376,743 | +€8.1m | +32.0% |
| Provisions and deferred taxes | 16 | €1,910,031 | €1,817,349 | -€92,682 | -4.9% |
| Provisions for liabilities and charges | 160/5 | €1,910,031 | €1,817,349 | -€92,682 | -4.9% |
| Pensions and similar obligations | 160 | €1,420 | €1,420 | +€0 | 0.0% |
| Other liabilities and charges | 164/5 | €1,908,611 | €1,815,928 | -€92,683 | -4.9% |
| Amounts payable | 17/49 | €9,792,870 | €9,266,005 | -€526,865 | -5.4% |
| Amounts payable after more than one year | 17 | €562,500 | €112,500 | -€450,000 | -80.0% |
| Financial debts | 170/4 | €562,500 | €112,500 | -€450,000 | -80.0% |
| Credit institutions | 173 | €562,500 | €112,500 | -€450,000 | -80.0% |
| Amounts payable within one year | 42/48 | €9,044,818 | €9,018,033 | -€26,785 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €450,000 | €450,000 | = | 0.0% |
| Trade debts | 44 | €4,935,456 | €4,888,031 | -€47,425 | -1.0% |
| Suppliers | 440/4 | €4,935,456 | €4,888,031 | -€47,425 | -1.0% |
| Advances received on contracts in progress | 46 | €1,066,247 | €968,840 | -€97,407 | -9.1% |
| Taxes, remuneration and social security | 45 | €2,041,386 | €2,161,888 | +€120,502 | +5.9% |
| Taxes | 450/3 | €204,892 | €264,560 | +€59,668 | +29.1% |
| Remuneration and social security | 454/9 | €1,836,494 | €1,897,328 | +€60,834 | +3.3% |
| Other amounts payable | 47/48 | €551,729 | €549,274 | -€2,455 | -0.4% |
| Accrued charges and deferred income | 492/3 | €185,552 | €135,472 | -€50,080 | -27.0% |
| Operating income | 70/76A | €68,160,388 | €62,706,554 | -€5.5m | -8.0% |
| Turnover | 70 | €66,719,121 | €63,159,696 | -€3.6m | -5.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€155,662 | -€2,162,985 | -€2.0m | -1289.5% |
| Other operating income | 74 | €1,596,929 | €1,709,843 | +€112,914 | +7.1% |
| Operating charges | 60/66A | €52,705,339 | €52,203,113 | -€502,226 | -1.0% |
| Goods for resale, raw materials and consumables | 60 | €31,539,594 | €27,999,314 | -€3.5m | -11.2% |
| Purchases | 600/8 | - | €26,861,708 | +€26.9m | |
| Change in stocks: decrease (increase) | 609 | €272,713 | €1,137,605 | +€864,892 | +317.1% |
| Services and other goods | 61 | €11,258,188 | €12,972,728 | +€1.7m | +15.2% |
| Remuneration, social security and pensions | 62 | €9,155,628 | €10,712,911 | +€1.6m | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468,314 | €553,285 | +€84,971 | +18.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €185,748 | -€92,683 | -€278,431 | |
| Other operating charges | 640/8 | €97,867 | €57,558 | -€40,309 | -41.2% |
| Operating profit (loss) | 9901 | €15,455,049 | €10,503,441 | -€5.0m | -32.0% |
| Financial income | 75/76B | - | €426,802 | +€426,802 | |
| Recurring financial income | 75 | €751,762 | €426,802 | -€324,960 | -43.2% |
| Income from financial fixed assets | 750 | €100,000 | - | -€100,000 | |
| Income from current assets | 751 | €302,218 | €411,703 | +€109,485 | +36.2% |
| Other financial income | 752/9 | €349,544 | €15,099 | -€334,445 | -95.7% |
| Financial charges | 65/66B | €234,682 | €732,243 | +€497,561 | +212.0% |
| Recurring financial charges | 65 | €234,682 | €732,243 | +€497,561 | +212.0% |
| Debt charges | 650 | €46,401 | €29,578 | -€16,823 | -36.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €319,134 | +€319,134 | |
| Other financial charges | 652/9 | €188,281 | €383,531 | +€195,250 | +103.7% |
| Profit (loss) for the period before taxes | 9903 | €15,972,129 | €10,198,000 | -€5.8m | -36.2% |
| Income taxes | 67/77 | €2,638,726 | €1,112,369 | -€1.5m | -57.8% |
| Taxes | 670/3 | €2,664,309 | €1,310,483 | -€1.4m | -50.8% |
| Tax adjustments and reversals of tax provisions | 77 | €25,583 | €198,114 | +€172,531 | +674.4% |
| Profit (loss) for the period | 9904 | €13,333,403 | €9,085,631 | -€4.2m | -31.9% |
| Transfer from tax-exempt reserves | 789 | €968,300 | €1,473,500 | +€505,200 | +52.2% |
| Transfer to tax-exempt reserves | 689 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,301,703 | €9,559,131 | -€3.7m | -28.1% |
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 7 October 2026 via checked.be.