1 2 3 TELECOM: 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.
1 2 3 TELECOM
Largest movements
- Receivables within one year -€347,207
down €347,207 (-85.6%), from €405,663 to €58,456
of which Trade receivables: -€389,172
- Current investments +€66,936
up €66,936 (+202%), from €33,064 to €100,000
- Cash +€51,851
up €51,851 (+81.6%), from €63,513 to €115,364
mainly Receivables within one year (+€347,207) and Stocks and contracts (+€7,526)
- Stocks and contracts -€7,526
down €7,526 (-22.3%), from €33,780 to €26,254
- Deferred charges and accrued income +€5,854
new in 2024: €5,854
- Accrued charges and deferred income -€108,234
down €108,234 (-94.5%), from €114,504 to €6,270
- Tax, wage and social debts -€95,250
down €95,250 (-83.9%), from €113,495 to €18,245
of which Remuneration and social security: -€82,503
- Trade debts -€15,371
down €15,371 (-25.1%), from €61,232 to €45,860
- Other debts -€10,342
no longer reported in 2024 (was €10,342)
- Gross operating margin -€340,607
down €340,607 (-84.5%), from €403,126 to €62,519
- Staff costs -€214,889
down €214,889 (-83.8%), from €256,291 to €41,402
- Taxes -€15,335
down €15,335 (-76.0%), from €20,172 to €4,836
- Depreciation -€6,543
down €6,543 (-51.2%), from €12,787 to €6,244
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €581,392 | €349,056 | -€232,336 | -40.0% |
| Fixed assets | 21/28 | €34,372 | €32,128 | -€2,244 | -6.5% |
| Tangible fixed assets | 22/27 | €34,372 | €32,128 | -€2,244 | -6.5% |
| Furniture and vehicles | 24 | €8,878 | €10,634 | +€1,757 | +19.8% |
| Other tangible fixed assets | 26 | €25,494 | €21,494 | -€4,001 | -15.7% |
| Current assets | 29/58 | €547,020 | €316,928 | -€230,093 | -42.1% |
| Amounts receivable after more than one year | 29 | €11,000 | €11,000 | = | 0.0% |
| Other amounts receivable | 291 | €11,000 | €11,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €33,780 | €26,254 | -€7,526 | -22.3% |
| Stocks | 30/36 | €33,780 | €26,254 | -€7,526 | -22.3% |
| Amounts receivable within one year | 40/41 | €405,663 | €58,456 | -€347,207 | -85.6% |
| Trade receivables | 40 | €389,172 | - | -€389,172 | |
| Other amounts receivable | 41 | €16,491 | €58,456 | +€41,965 | +254% |
| Current investments | 50/53 | €33,064 | €100,000 | +€66,936 | +202% |
| Cash at bank and in hand | 54/58 | €63,513 | €115,364 | +€51,851 | +81.6% |
| Deferred charges and accrued income | 490/1 | - | €5,854 | +€5,854 | |
| Total equity and liabilities | 10/49 | €581,392 | €349,056 | -€232,336 | -40.0% |
| Equity | 10/15 | €275,230 | €272,086 | -€3,145 | -1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €269,030 | €265,886 | -€3,145 | -1.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €267,170 | €264,026 | -€3,145 | -1.2% |
| Amounts payable | 17/49 | €306,162 | €76,970 | -€229,192 | -74.9% |
| Amounts payable within one year | 42/48 | €191,658 | €70,700 | -€120,958 | -63.1% |
| Financial debts | 43 | €6,589 | €6,594 | +€5 | +0.1% |
| Credit institutions | 430/8 | €6,589 | €6,594 | +€5 | +0.1% |
| Trade debts | 44 | €61,232 | €45,860 | -€15,371 | -25.1% |
| Suppliers | 440/4 | €61,232 | €45,860 | -€15,371 | -25.1% |
| Taxes, remuneration and social security | 45 | €113,495 | €18,245 | -€95,250 | -83.9% |
| Taxes | 450/3 | €24,528 | €11,780 | -€12,748 | -52.0% |
| Remuneration and social security | 454/9 | €88,967 | €6,465 | -€82,503 | -92.7% |
| Other amounts payable | 47/48 | €10,342 | - | -€10,342 | |
| Accrued charges and deferred income | 492/3 | €114,504 | €6,270 | -€108,234 | -94.5% |
| Non-recurring operating income | 76A | €12 | - | -€12 | |
| Remuneration, social security and pensions | 62 | €256,291 | €41,402 | -€214,889 | -83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,787 | €6,244 | -€6,543 | -51.2% |
| Other operating charges | 640/8 | €5,547 | €5,522 | -€24 | -0.4% |
| Non-recurring operating charges | 66A | €39,641 | - | -€39,641 | |
| Gross operating margin | 9900 | €403,126 | €62,519 | -€340,607 | -84.5% |
| Operating profit (loss) | 9901 | €88,861 | €9,351 | -€79,510 | -89.5% |
| Financial income | 75/76B | - | €935 | +€935 | |
| Recurring financial income | 75 | - | €935 | +€935 | |
| Financial charges | 65/66B | €5,913 | €8,595 | +€2,681 | +45.3% |
| Recurring financial charges | 65 | €5,913 | €8,595 | +€2,681 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €82,948 | €1,692 | -€81,256 | -98.0% |
| Income taxes | 67/77 | €20,172 | €4,836 | -€15,335 | -76.0% |
| Profit (loss) for the period | 9904 | €62,776 | -€3,145 | -€65,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,776 | -€3,145 | -€65,921 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.