4 Telecom Center: 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.
4 Telecom Center
Largest movements
- Stocks and contracts -€121,525
down €121,525 (-40.7%), from €298,693 to €177,168
- Receivables within one year +€47,607
up €47,607 (+22.8%), from €208,815 to €256,422
of which Trade receivables: +€46,173
- Tangible fixed assets +€30,078
up €30,078 (+88.6%), from €33,936 to €64,015
of which Furniture and vehicles: +€32,571
- Reserves +€83,791
up €83,791 (+24.2%), from €346,190 to €429,981
- Trade debts -€77,527
down €77,527 (-40.7%), from €190,585 to €113,059
- Tax, wage and social debts -€51,507
down €51,507 (-48.9%), from €105,250 to €53,743
of which Taxes: -€49,811
- Gross operating margin -€107,577
down €107,577 (-26.8%), from €401,135 to €293,558
- Staff costs -€23,341
down €23,341 (-12.7%), from €183,737 to €160,396
- Other operating charges -€15,051
down €15,051 (-75.5%), from €19,935 to €4,884
- Depreciation +€8,114
up €8,114 (+82.9%), from €9,790 to €17,904
- Financial income +€7,526
up €7,526 (+64.6%), from €11,643 to €19,169
of which Non-recurring financial income: +€10,678
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 | €742,021 | €694,426 | -€47,595 | -6.4% |
| Fixed assets | 21/28 | €33,936 | €64,015 | +€30,078 | +88.6% |
| Tangible fixed assets | 22/27 | €33,936 | €64,015 | +€30,078 | +88.6% |
| Plant, machinery and equipment | 23 | €6,300 | €3,808 | -€2,493 | -39.6% |
| Furniture and vehicles | 24 | €27,636 | €60,207 | +€32,571 | +118% |
| Current assets | 29/58 | €708,084 | €630,411 | -€77,673 | -11.0% |
| Stocks and contracts in progress | 3 | €298,693 | €177,168 | -€121,525 | -40.7% |
| Stocks | 30/36 | €298,693 | €177,168 | -€121,525 | -40.7% |
| Amounts receivable within one year | 40/41 | €208,815 | €256,422 | +€47,607 | +22.8% |
| Trade receivables | 40 | €181,835 | €228,008 | +€46,173 | +25.4% |
| Other amounts receivable | 41 | €26,980 | €28,414 | +€1,434 | +5.3% |
| Cash at bank and in hand | 54/58 | €200,576 | €196,821 | -€3,755 | -1.9% |
| Total equity and liabilities | 10/49 | €742,021 | €694,426 | -€47,595 | -6.4% |
| Equity | 10/15 | €355,190 | €438,981 | +€83,791 | +23.6% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €346,190 | €429,981 | +€83,791 | +24.2% |
| Distributable reserves | 133 | €346,190 | €429,981 | +€83,791 | +24.2% |
| Amounts payable | 17/49 | €386,830 | €255,445 | -€131,386 | -34.0% |
| Amounts payable within one year | 42/48 | €386,830 | €255,445 | -€131,386 | -34.0% |
| Trade debts | 44 | €190,585 | €113,059 | -€77,527 | -40.7% |
| Suppliers | 440/4 | €190,585 | €113,059 | -€77,527 | -40.7% |
| Taxes, remuneration and social security | 45 | €105,250 | €53,743 | -€51,507 | -48.9% |
| Taxes | 450/3 | €99,811 | €50,000 | -€49,811 | -49.9% |
| Remuneration and social security | 454/9 | €5,439 | €3,743 | -€1,696 | -31.2% |
| Other amounts payable | 47/48 | €90,995 | €88,643 | -€2,352 | -2.6% |
| Remuneration, social security and pensions | 62 | €183,737 | €160,396 | -€23,341 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,790 | €17,904 | +€8,114 | +82.9% |
| Other operating charges | 640/8 | €19,935 | €4,884 | -€15,051 | -75.5% |
| Gross operating margin | 9900 | €401,135 | €293,558 | -€107,577 | -26.8% |
| Operating profit (loss) | 9901 | €187,673 | €110,375 | -€77,299 | -41.2% |
| Financial income | 75/76B | €11,643 | €19,169 | +€7,526 | +64.6% |
| Recurring financial income | 75 | €11,643 | €8,490 | -€3,152 | -27.1% |
| Non-recurring financial income | 76B | - | €10,678 | +€10,678 | |
| Financial charges | 65/66B | €1,511 | €1,688 | +€177 | +11.7% |
| Recurring financial charges | 65 | €1,511 | €1,688 | +€177 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €197,805 | €127,856 | -€69,949 | -35.4% |
| Income taxes | 67/77 | €50,701 | €44,065 | -€6,636 | -13.1% |
| Profit (loss) for the period | 9904 | €147,104 | €83,791 | -€63,313 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €147,104 | €83,791 | -€63,313 | -43.0% |
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 23 October 2026 via checked.be.