Telko Belgium: what changed
What changed
Telko Belgium
NACE 46.851, Wholesale of industrial chemicals
filed annual accounts (NBB)
Net result for the year
€295,521
2023 · €150,128+€145,393
Equity
€604,315
2023 · €1.2m-€604,479
Cash
€395,178
2023 · €604,786-€209,608
Balance sheet total
€3.5m
2023 · €3.4m+€87,667
Largest movements
Assets
- Receivables within one year +€328,073
up €328,073 (+31.6%), from €1.0m to €1.4m
of which Trade receivables: +€284,718
- Cash -€209,608
down €209,608 (-34.7%), from €604,786 to €395,178
mainly Contributions, distributions and other (-€900,000) and Current portion of long-term debt (-€403,441)
- Stocks and contracts -€126,635
down €126,635 (-7.7%), from €1.6m to €1.5m
- Tangible fixed assets +€46,124
up €46,124 (+37.1%), from €124,279 to €170,403
of which Furniture and vehicles: +€34,200
- Intangible fixed assets +€42,734
up €42,734 (+370%), from €11,555 to €54,289
Equity and liabilities
- Other debts +€907,500
new in 2024: €907,500
- Profit (loss) carried forward -€604,479
down €604,479 (-94.2%), from €641,666 to €37,188
- Current portion of long-term debt -€403,441
down €403,441 (-87.4%), from €461,561 to €58,120
- Trade debts +€224,250
up €224,250 (+14.9%), from €1.5m to €1.7m
- Debts after one year -€58,120
down €58,120 (-30.9%), from €188,370 to €130,250
Income statement
- Gross operating margin +€286,849
up €286,849 (+32.7%), from €876,046 to €1.2m
- Financial income -€66,080
down €66,080 (-98.6%), from €66,997 to €917
- Taxes +€54,492
up €54,492 (+91.0%), from €59,910 to €114,402
- Staff costs +€36,066
up €36,066 (+6.0%), from €597,426 to €633,492
- Financial charges -€35,979
down €35,979 (-53.6%), from €67,129 to €31,150
Change in the result, 2023 to 2024
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 2023
€150,128
Gross operating margin
+€286,849
Staff costs
-€36,066
Depreciation
-€27,875
Write-downs
-€6,088
Other operating charges
+€11,852
Other operating items
+€1,314
Financial income
-€66,080
Financial charges
+€35,979
Taxes
-€54,492
Result 2024
€295,521
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.3m
Investment
-€153,960
Financing
-€1.4m
Cash 2023
€604,786
From operations (derived)
+€1.3m
Net result for the year
+€295,521
Depreciation
+€65,102
Stocks and contracts
+€126,635
Receivables within one year
-€328,073
Deferred charges and accrued income
-€6,979
Trade debts
+€224,250
Tax, wage and social debts
+€22,409
Other debts
+€907,500
Accrued charges and deferred income
-€452
Investment (derived)
-€153,960
Investment in fixed assets (net)
-€153,960
Financing
-€1.4m
Debts after one year
-€58,120
Current portion of long-term debt
-€403,441
Contributions, distributions and other
-€900,000
Cash 2024
€395,178
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,429,081 | €3,516,748 | +€87,667 | +2.6% |
| Fixed assets | 21/28 | €136,834 | €225,691 | +€88,858 | +64.9% |
| Intangible fixed assets | 21 | €11,555 | €54,289 | +€42,734 | +370% |
| Tangible fixed assets | 22/27 | €124,279 | €170,403 | +€46,124 | +37.1% |
| Plant, machinery and equipment | 23 | €61,708 | €43,255 | -€18,453 | -29.9% |
| Furniture and vehicles | 24 | €9,299 | €43,499 | +€34,200 | +368% |
| Other tangible fixed assets | 26 | €53,272 | €83,648 | +€30,377 | +57.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €3,292,248 | €3,291,057 | -€1,191 | 0.0% |
| Stocks and contracts in progress | 3 | €1,639,019 | €1,512,384 | -€126,635 | -7.7% |
| Stocks | 30/36 | €1,639,019 | €1,512,384 | -€126,635 | -7.7% |
| Amounts receivable within one year | 40/41 | €1,036,591 | €1,364,664 | +€328,073 | +31.6% |
| Trade receivables | 40 | €854,996 | €1,139,715 | +€284,718 | +33.3% |
| Other amounts receivable | 41 | €181,594 | €224,949 | +€43,355 | +23.9% |
| Cash at bank and in hand | 54/58 | €604,786 | €395,178 | -€209,608 | -34.7% |
| Deferred charges and accrued income | 490/1 | €11,852 | €18,831 | +€6,979 | +58.9% |
| Total equity and liabilities | 10/49 | €3,429,081 | €3,516,748 | +€87,667 | +2.6% |
| Equity | 10/15 | €1,208,793 | €604,315 | -€604,479 | -50.0% |
| Contributions | 10/11 | €310,785 | €310,785 | = | 0.0% |
| Capital | 10 | €310,685 | €310,685 | = | 0.0% |
| Issued capital | 100 | €310,685 | €310,685 | = | 0.0% |
| Contributions outside capital | 11 | €100 | €100 | = | 0.0% |
| Share premium | 1100/10 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €256,342 | €256,342 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,069 | €31,069 | = | 0.0% |
| Legal reserve | 130 | €31,069 | €31,069 | = | 0.0% |
| Tax-exempt reserves | 132 | €225,274 | €225,274 | = | 0.0% |
| Profit (loss) carried forward | 14 | €641,666 | €37,188 | -€604,479 | -94.2% |
| Amounts payable | 17/49 | €2,220,288 | €2,912,434 | +€692,146 | +31.2% |
| Amounts payable after more than one year | 17 | €188,370 | €130,250 | -€58,120 | -30.9% |
| Financial debts | 170/4 | €188,370 | €130,250 | -€58,120 | -30.9% |
| Amounts payable within one year | 42/48 | €2,031,466 | €2,782,184 | +€750,718 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €461,561 | €58,120 | -€403,441 | -87.4% |
| Trade debts | 44 | €1,506,657 | €1,730,907 | +€224,250 | +14.9% |
| Suppliers | 440/4 | €1,506,657 | €1,730,907 | +€224,250 | +14.9% |
| Taxes, remuneration and social security | 45 | €63,247 | €85,656 | +€22,409 | +35.4% |
| Taxes | 450/3 | - | €14,400 | +€14,400 | |
| Remuneration and social security | 454/9 | €63,247 | €71,256 | +€8,009 | +12.7% |
| Other amounts payable | 47/48 | - | €907,500 | +€907,500 | |
| Accrued charges and deferred income | 492/3 | €452 | €0 | -€452 | -100% |
| Remuneration, social security and pensions | 62 | €597,426 | €633,492 | +€36,066 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,227 | €65,102 | +€27,875 | +74.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,481 | €22,569 | +€6,088 | +36.9% |
| Other operating charges | 640/8 | €13,427 | €1,575 | -€11,852 | -88.3% |
| Non-recurring operating charges | 66A | €1,314 | - | -€1,314 | |
| Gross operating margin | 9900 | €876,046 | €1,162,895 | +€286,849 | +32.7% |
| Operating profit (loss) | 9901 | €210,171 | €440,157 | +€229,986 | +109% |
| Financial income | 75/76B | €66,997 | €917 | -€66,080 | -98.6% |
| Recurring financial income | 75 | €66,997 | €917 | -€66,080 | -98.6% |
| Financial charges | 65/66B | €67,129 | €31,150 | -€35,979 | -53.6% |
| Recurring financial charges | 65 | €67,129 | €31,150 | -€35,979 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €210,038 | €409,923 | +€199,885 | +95.2% |
| Income taxes | 67/77 | €59,910 | €114,402 | +€54,492 | +91.0% |
| Profit (loss) for the period | 9904 | €150,128 | €295,521 | +€145,393 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €150,128 | €295,521 | +€145,393 | +96.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.