TELEVIC GROUP: 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 GROUP
NACE 26.400, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €3.0m+€62,768
Equity
€24.7m
2024 · €21.6m+€3.1m
Cash
€6.9m
2024 · €3.4m+€3.5m
Balance sheet total
€28.0m
2024 · €29.6m-€1.6m
Largest movements
Assets
- Financial fixed assets +€6.2m
up €6.2m (+76.0%), from €8.2m to €14.5m
of which Affiliated companies: +€6.3m
- Receivables after one year -€6.2m
no longer reported in 2025 (was €6.2m)
- Receivables within one year -€3.7m
down €3.7m (-56.2%), from €6.5m to €2.9m
of which Trade receivables: -€3.8m
- Cash +€3.5m
up €3.5m (+104.0%), from €3.4m to €6.9m
mainly Receivables after one year (+€6.2m) and Receivables within one year (+€3.7m)
- Current investments -€1.2m
down €1.2m (-66.0%), from €1.8m to €616,003
Equity and liabilities
- Trade debts -€3.4m
down €3.4m (-80.1%), from €4.2m to €842,538
- Profit (loss) carried forward +€3.1m
up €3.1m (+22.6%), from €13.6m to €16.6m
- Advances received -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Other debts -€386,438
down €386,438 (-58.0%), from €666,357 to €279,919
- Accrued charges and deferred income +€314,653
new in 2025: €314,653
Income statement
- Turnover -€11.0m
down €11.0m (-67.2%), from €16.4m to €5.4m
- Goods and materials -€4.6m
down €4.6m (-84.8%), from €5.4m to €817,868
- Financial income +€1.7m
up €1.7m (+116.6%), from €1.4m to €3.1m
of which Financial income: +€1.6m
- Services and other goods +€929,860
up €929,860 (+19.0%), from €4.9m to €5.8m
- Other operating income +€674,945
up €674,945 (+60.9%), from €1.1m to €1.8m
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
€3.0m
Turnover
-€11.0m
Other operating income
+€674,945
Goods and materials
+€4.6m
Services and other goods
-€929,860
Staff costs
+€9,106
Depreciation
+€22,840
Provisions
-€10,000
Other operating charges
+€21,613
Other operating items
+€4.4m
Financial income
+€1.7m
Financial charges
-€6,531
Taxes
+€625,247
Result 2025
€3.1m
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
+€8.6m
Investment
-€5.1m
Financing
€0
Cash 2024
€3.4m
From operations (derived)
+€8.6m
Net result for the year
+€3.1m
Depreciation
+€359,932
Receivables after one year
+€6.2m
Receivables within one year
+€3.7m
Deferred charges and accrued income
-€6,126
Trade debts
-€3.4m
Tax, wage and social debts
+€55,557
Advances received
-€1.3m
Other debts
-€386,438
Accrued charges and deferred income
+€314,653
Investment (derived)
-€5.1m
Investment in fixed assets (net)
-€6.2m
Current investments
+€1.2m
Cash 2025
€6.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,591,846 | €27,961,418 | -€1.6m | -5.5% |
| Fixed assets | 21/28 | €11,472,151 | €17,359,663 | +€5.9m | +51.3% |
| Tangible fixed assets | 22/27 | €3,248,101 | €2,888,169 | -€359,932 | -11.1% |
| Land and buildings | 22 | €2,821,256 | €2,598,907 | -€222,349 | -7.9% |
| Plant, machinery and equipment | 23 | €179,046 | €126,465 | -€52,581 | -29.4% |
| Furniture and vehicles | 24 | €247,799 | €162,798 | -€85,001 | -34.3% |
| Financial fixed assets | 28 | €8,224,050 | €14,471,493 | +€6.2m | +76.0% |
| Affiliated companies | 280/1 | €8,203,840 | €14,453,840 | +€6.3m | +76.2% |
| Participating interests | 280 | €8,203,840 | €8,253,840 | +€50,000 | +0.6% |
| Amounts receivable | 281 | - | €6,200,000 | +€6.2m | |
| Other financial fixed assets | 284/8 | €20,210 | €17,653 | -€2,557 | -12.7% |
| Amounts receivable and cash guarantees | 285/8 | €20,210 | €17,653 | -€2,557 | -12.7% |
| Current assets | 29/58 | €18,119,695 | €10,601,755 | -€7.5m | -41.5% |
| Amounts receivable after more than one year | 29 | €6,200,000 | - | -€6.2m | |
| Other amounts receivable | 291 | €6,200,000 | - | -€6.2m | |
| Amounts receivable within one year | 40/41 | €6,537,237 | €2,866,202 | -€3.7m | -56.2% |
| Trade receivables | 40 | €5,701,832 | €1,857,999 | -€3.8m | -67.4% |
| Other amounts receivable | 41 | €835,406 | €1,008,203 | +€172,798 | +20.7% |
| Current investments | 50/53 | €1,810,127 | €616,003 | -€1.2m | -66.0% |
| Other investments | 51/53 | €1,810,127 | €616,003 | -€1.2m | -66.0% |
| Cash at bank and in hand | 54/58 | €3,404,654 | €6,945,748 | +€3.5m | +104.0% |
| Deferred charges and accrued income | 490/1 | €167,677 | €173,802 | +€6,126 | +3.7% |
| Total equity and liabilities | 10/49 | €29,591,846 | €27,961,418 | -€1.6m | -5.5% |
| Equity | 10/15 | €21,621,324 | €24,694,784 | +€3.1m | +14.2% |
| Contributions | 10/11 | €5,400,000 | €5,400,000 | = | 0.0% |
| Capital | 10 | €5,400,000 | €5,400,000 | = | 0.0% |
| Issued capital | 100 | €5,400,000 | €5,400,000 | = | 0.0% |
| Reserves | 13 | €2,645,000 | €2,645,000 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €540,000 | €540,000 | = | 0.0% |
| Legal reserve | 130 | €540,000 | €540,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,263,000 | €842,000 | -€421,000 | -33.3% |
| Distributable reserves | 133 | €842,000 | €1,263,000 | +€421,000 | +50.0% |
| Profit (loss) carried forward | 14 | €13,576,324 | €16,649,784 | +€3.1m | +22.6% |
| Amounts payable | 17/49 | €7,970,522 | €3,266,634 | -€4.7m | -59.0% |
| Amounts payable after more than one year | 17 | €1,550,000 | €1,550,000 | = | 0.0% |
| Financial debts | 170/4 | €1,550,000 | €1,550,000 | = | 0.0% |
| Credit institutions | 173 | €1,550,000 | €1,550,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,420,522 | €1,401,981 | -€5.0m | -78.2% |
| Trade debts | 44 | €4,233,991 | €842,538 | -€3.4m | -80.1% |
| Suppliers | 440/4 | €4,233,991 | €842,538 | -€3.4m | -80.1% |
| Advances received on contracts in progress | 46 | €1,296,206 | €0 | -€1.3m | -100.0% |
| Taxes, remuneration and social security | 45 | €223,967 | €279,524 | +€55,557 | +24.8% |
| Taxes | 450/3 | €165,932 | €202,682 | +€36,751 | +22.1% |
| Remuneration and social security | 454/9 | €58,035 | €76,842 | +€18,807 | +32.4% |
| Other amounts payable | 47/48 | €666,357 | €279,919 | -€386,438 | -58.0% |
| Accrued charges and deferred income | 492/3 | - | €314,653 | +€314,653 | |
| Operating income | 70/76A | €14,052,250 | €8,145,075 | -€5.9m | -42.0% |
| Turnover | 70 | €16,385,444 | €5,380,752 | -€11.0m | -67.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€3,441,019 | €981,553 | +€4.4m | |
| Other operating income | 74 | €1,107,825 | €1,782,770 | +€674,945 | +60.9% |
| Operating charges | 60/66A | €11,575,270 | €7,883,977 | -€3.7m | -31.9% |
| Goods for resale, raw materials and consumables | 60 | €5,395,462 | €817,868 | -€4.6m | -84.8% |
| Purchases | 600/8 | €5,395,462 | €817,868 | -€4.6m | -84.8% |
| Services and other goods | 61 | €4,884,060 | €5,813,920 | +€929,860 | +19.0% |
| Remuneration, social security and pensions | 62 | €843,459 | €834,353 | -€9,106 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382,772 | €359,932 | -€22,840 | -6.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,000 | - | +€10,000 | |
| Other operating charges | 640/8 | €79,517 | €57,904 | -€21,613 | -27.2% |
| Operating profit (loss) | 9901 | €2,476,981 | €261,099 | -€2.2m | -89.5% |
| Financial income | 75/76B | €1,423,101 | €3,083,035 | +€1.7m | +116.6% |
| Recurring financial income | 75 | €1,423,101 | €3,033,035 | +€1.6m | +113.1% |
| Income from financial fixed assets | 750 | €926,923 | €2,784,912 | +€1.9m | +200.4% |
| Income from current assets | 751 | €286,768 | €245,459 | -€41,309 | -14.4% |
| Other financial income | 752/9 | €209,410 | €2,663 | -€206,747 | -98.7% |
| Non-recurring financial income | 76B | - | €50,000 | +€50,000 | |
| Financial charges | 65/66B | €126,176 | €132,707 | +€6,531 | +5.2% |
| Recurring financial charges | 65 | €126,176 | €132,707 | +€6,531 | +5.2% |
| Debt charges | 650 | €83,471 | €84,150 | +€679 | +0.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€11,781 | €24,997 | +€36,778 | |
| Other financial charges | 652/9 | €54,486 | €23,560 | -€30,926 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €3,773,906 | €3,211,427 | -€562,479 | -14.9% |
| Income taxes | 67/77 | €763,214 | €137,967 | -€625,247 | -81.9% |
| Taxes | 670/3 | €767,397 | €145,950 | -€621,447 | -81.0% |
| Tax adjustments and reversals of tax provisions | 77 | €4,183 | €7,982 | +€3,799 | +90.8% |
| Profit (loss) for the period | 9904 | €3,010,692 | €3,073,459 | +€62,768 | +2.1% |
| Transfer from tax-exempt reserves | 789 | - | €421,000 | +€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,010,692 | €3,494,459 | +€483,768 | +16.1% |
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 4 October 2026 via checked.be.