AL 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.
AL TELECOM
Largest movements
- Tangible fixed assets -€73,383
down €73,383 (-30.5%), from €240,935 to €167,552
of which Land and buildings: -€74,674
- Receivables within one year -€35,875
down €35,875 (-58.4%), from €61,408 to €25,534
of which Trade receivables: -€47,706
- Cash +€30,865
up €30,865 (+111%), from €27,769 to €58,634
mainly Net result for the year (+€61,206) and Short-term financial debts (+€43,113)
- Deferred charges and accrued income -€7,363
no longer reported in 2025 (was €7,363)
- Stocks and contracts +€4,720
up €4,720 (+9.1%), from €51,915 to €56,635
- Debts after one year -€125,696
down €125,696 (-77.4%), from €162,311 to €36,615
- Short-term financial debts +€43,113
up €43,113, from €0 to €43,113
- Trade debts -€41,782
down €41,782 (-54.1%), from €77,273 to €35,491
- Reserves +€41,206
up €41,206 (+99.6%), from €41,386 to €82,592
of which Distributable reserves: +€41,206
- Current portion of long-term debt -€23,376
down €23,376 (-35.8%), from €65,365 to €41,989
- Gross operating margin +€123,955
up €123,955 (+61.3%), from €202,085 to €326,039
- Taxes +€28,290
up €28,290 (+4,492%), from €630 to €28,920
- Staff costs +€27,914
up €27,914 (+20.2%), from €137,849 to €165,763
- Financial charges +€4,534
up €4,534 (+23.0%), from €19,681 to €24,214
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 | €391,984 | €310,948 | -€81,036 | -20.7% |
| Fixed assets | 21/28 | €243,528 | €170,145 | -€73,383 | -30.1% |
| Tangible fixed assets | 22/27 | €240,935 | €167,552 | -€73,383 | -30.5% |
| Land and buildings | 22 | €158,852 | €84,178 | -€74,674 | -47.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €48,596 | €61,809 | +€13,213 | +27.2% |
| Other tangible fixed assets | 26 | €33,488 | €21,565 | -€11,923 | -35.6% |
| Financial fixed assets | 28 | €2,593 | €2,593 | = | 0.0% |
| Current assets | 29/58 | €148,456 | €140,803 | -€7,653 | -5.2% |
| Stocks and contracts in progress | 3 | €51,915 | €56,635 | +€4,720 | +9.1% |
| Stocks | 30/36 | €51,915 | €56,635 | +€4,720 | +9.1% |
| Amounts receivable within one year | 40/41 | €61,408 | €25,534 | -€35,875 | -58.4% |
| Trade receivables | 40 | €50,152 | €2,446 | -€47,706 | -95.1% |
| Other amounts receivable | 41 | €11,256 | €23,088 | +€11,832 | +105% |
| Cash at bank and in hand | 54/58 | €27,769 | €58,634 | +€30,865 | +111% |
| Deferred charges and accrued income | 490/1 | €7,363 | - | -€7,363 | |
| Total equity and liabilities | 10/49 | €391,984 | €310,948 | -€81,036 | -20.7% |
| Equity | 10/15 | €59,986 | €101,192 | +€41,206 | +68.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,386 | €82,592 | +€41,206 | +99.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,526 | €80,732 | +€41,206 | +104% |
| Amounts payable | 17/49 | €331,998 | €209,756 | -€122,242 | -36.8% |
| Amounts payable after more than one year | 17 | €162,311 | €36,615 | -€125,696 | -77.4% |
| Financial debts | 170/4 | €162,311 | €36,615 | -€125,696 | -77.4% |
| Amounts payable within one year | 42/48 | €169,687 | €173,141 | +€3,454 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €65,365 | €41,989 | -€23,376 | -35.8% |
| Financial debts | 43 | €0 | €43,113 | +€43,113 | |
| Credit institutions | 430/8 | €0 | €43,113 | +€43,113 | |
| Trade debts | 44 | €77,273 | €35,491 | -€41,782 | -54.1% |
| Suppliers | 440/4 | €77,273 | €35,491 | -€41,782 | -54.1% |
| Taxes, remuneration and social security | 45 | €27,049 | €33,548 | +€6,499 | +24.0% |
| Taxes | 450/3 | €9,781 | €14,124 | +€4,343 | +44.4% |
| Remuneration and social security | 454/9 | €17,268 | €19,424 | +€2,156 | +12.5% |
| Other amounts payable | 47/48 | €0 | €19,000 | +€19,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €137,849 | €165,763 | +€27,914 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,533 | €38,492 | -€41 | -0.1% |
| Other operating charges | 640/8 | €4,201 | €7,448 | +€3,247 | +77.3% |
| Non-recurring operating charges | 66A | €0 | €10 | +€10 | |
| Gross operating margin | 9900 | €202,085 | €326,039 | +€123,955 | +61.3% |
| Operating profit (loss) | 9901 | €21,502 | €114,326 | +€92,824 | +432% |
| Financial income | 75/76B | €4 | €14 | +€10 | +273% |
| Recurring financial income | 75 | €4 | €14 | +€10 | +273% |
| Financial charges | 65/66B | €19,681 | €24,214 | +€4,534 | +23.0% |
| Recurring financial charges | 65 | €19,681 | €24,214 | +€4,534 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €1,825 | €90,126 | +€88,301 | +4,838% |
| Income taxes | 67/77 | €630 | €28,920 | +€28,290 | +4,492% |
| Profit (loss) for the period | 9904 | €1,195 | €61,206 | +€60,011 | +5,020% |
| Profit (loss) for the period to be appropriated | 9905 | €1,195 | €61,206 | +€60,011 | +5,020% |
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 24 October 2026 via checked.be.