TELEPACK: 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.
TELEPACK
Largest movements
- Receivables within one year -€72,211
down €72,211 (-14.4%), from €500,164 to €427,953
of which Trade receivables: -€76,711
- Cash +€26,766
up €26,766 (+20,635%), from €130 to €26,896
mainly Receivables within one year (+€72,211) and Other debts (+€71,569)
- Other debts +€71,569
up €71,569 (+59.1%), from €121,029 to €192,598
- Profit (loss) carried forward -€65,486
down €65,486 (-38.6%), from €169,504 to €104,019
- Trade debts -€63,878
down €63,878 (-62.8%), from €101,703 to €37,825
- Tax, wage and social debts +€11,638
up €11,638 (+10.0%), from €115,918 to €127,556
of which Taxes: +€88,614
- Gross operating margin +€62,182
up €62,182 (+10.9%), from €572,733 to €634,915
- Staff costs +€56,251
up €56,251 (+8.8%), from €642,281 to €698,532
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 | €516,215 | €470,059 | -€46,156 | -8.9% |
| Fixed assets | 21/28 | €15,921 | €15,210 | -€711 | -4.5% |
| Tangible fixed assets | 22/27 | €1,575 | €864 | -€711 | -45.2% |
| Furniture and vehicles | 24 | €1,575 | €864 | -€711 | -45.2% |
| Financial fixed assets | 28 | €14,346 | €14,346 | = | 0.0% |
| Current assets | 29/58 | €500,294 | €454,849 | -€45,445 | -9.1% |
| Amounts receivable within one year | 40/41 | €500,164 | €427,953 | -€72,211 | -14.4% |
| Trade receivables | 40 | €159,596 | €82,885 | -€76,711 | -48.1% |
| Other amounts receivable | 41 | €340,568 | €345,068 | +€4,500 | +1.3% |
| Cash at bank and in hand | 54/58 | €130 | €26,896 | +€26,766 | +20,635% |
| Total equity and liabilities | 10/49 | €516,215 | €470,059 | -€46,156 | -8.9% |
| Equity | 10/15 | €177,564 | €112,079 | -€65,486 | -36.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,504 | €104,019 | -€65,486 | -38.6% |
| Amounts payable | 17/49 | €338,651 | €357,980 | +€19,329 | +5.7% |
| Amounts payable within one year | 42/48 | €338,651 | €357,980 | +€19,329 | +5.7% |
| Trade debts | 44 | €101,703 | €37,825 | -€63,878 | -62.8% |
| Suppliers | 440/4 | €101,703 | €37,825 | -€63,878 | -62.8% |
| Taxes, remuneration and social security | 45 | €115,918 | €127,556 | +€11,638 | +10.0% |
| Taxes | 450/3 | €38,943 | €127,556 | +€88,614 | +228% |
| Remuneration and social security | 454/9 | €76,976 | - | -€76,976 | |
| Other amounts payable | 47/48 | €121,029 | €192,598 | +€71,569 | +59.1% |
| Remuneration, social security and pensions | 62 | €642,281 | €698,532 | +€56,251 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,912 | €711 | -€1,201 | -62.8% |
| Gross operating margin | 9900 | €572,733 | €634,915 | +€62,182 | +10.9% |
| Operating profit (loss) | 9901 | -€71,460 | -€64,328 | +€7,132 | +10.0% |
| Financial charges | 65/66B | €454 | €1,158 | +€704 | +155% |
| Recurring financial charges | 65 | €454 | €1,158 | +€704 | +155% |
| Profit (loss) for the period before taxes | 9903 | -€71,914 | -€65,486 | +€6,428 | +8.9% |
| Profit (loss) for the period | 9904 | -€71,914 | -€65,486 | +€6,428 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,914 | -€65,486 | +€6,428 | +8.9% |
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 28 October 2026 via checked.be.