AF TELECOM: 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.
AF TELECOM
Largest movements
- Cash +€22,723
up €22,723 (+64.2%), from €35,372 to €58,095
mainly Net result for the year (+€12,438) and Trade debts (+€5,885)
- Receivables within one year -€5,208
down €5,208 (-19.2%), from €27,105 to €21,897
- Profit (loss) carried forward +€11,605
up €11,605 (+25.7%), from €45,088 to €56,693
- Trade debts +€5,885
up €5,885 (+172.9%), from €3,404 to €9,289
- Gross operating margin -€3,289
down €3,289 (-15.9%), from €20,747 to €17,458
- Taxes -€696
down €696 (-16.4%), from €4,241 to €3,545
- Other operating charges -€247
down €247 (-68.4%), from €361 to €114
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,675 | €82,189 | +€17,514 | +27.1% |
| Fixed assets | 21/28 | €1,696 | €1,202 | -€494 | -29.1% |
| Tangible fixed assets | 22/27 | €1,696 | €1,202 | -€494 | -29.1% |
| Plant, machinery and equipment | 23 | €272 | - | -€272 | |
| Furniture and vehicles | 24 | €1,424 | €1,202 | -€222 | -15.6% |
| Current assets | 29/58 | €62,979 | €80,986 | +€18,007 | +28.6% |
| Amounts receivable within one year | 40/41 | €27,105 | €21,897 | -€5,208 | -19.2% |
| Trade receivables | 40 | €27,105 | €21,897 | -€5,208 | -19.2% |
| Cash at bank and in hand | 54/58 | €35,372 | €58,095 | +€22,723 | +64.2% |
| Deferred charges and accrued income | 490/1 | €502 | €994 | +€492 | +98.0% |
| Total equity and liabilities | 10/49 | €64,675 | €82,189 | +€17,514 | +27.1% |
| Equity | 10/15 | €47,588 | €59,193 | +€11,605 | +24.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,088 | €56,693 | +€11,605 | +25.7% |
| Amounts payable | 17/49 | €17,087 | €22,996 | +€5,909 | +34.6% |
| Amounts payable within one year | 42/48 | €17,087 | €22,996 | +€5,909 | +34.6% |
| Trade debts | 44 | €3,404 | €9,289 | +€5,885 | +172.9% |
| Suppliers | 440/4 | €3,404 | €9,289 | +€5,885 | +172.9% |
| Taxes, remuneration and social security | 45 | €12,068 | €12,352 | +€284 | +2.4% |
| Taxes | 450/3 | €10,668 | €10,952 | +€284 | +2.7% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €1,615 | €1,355 | -€260 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €954 | €1,130 | +€176 | +18.5% |
| Other operating charges | 640/8 | €361 | €114 | -€247 | -68.4% |
| Gross operating margin | 9900 | €20,747 | €17,458 | -€3,289 | -15.9% |
| Operating profit (loss) | 9901 | €19,432 | €16,214 | -€3,218 | -16.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €224 | €233 | +€9 | +4.1% |
| Recurring financial charges | 65 | €224 | €233 | +€9 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €19,208 | €15,983 | -€3,225 | -16.8% |
| Income taxes | 67/77 | €4,241 | €3,545 | -€696 | -16.4% |
| Profit (loss) for the period | 9904 | €14,967 | €12,438 | -€2,529 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,967 | €12,438 | -€2,529 | -16.9% |
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.