BAYNET TELECOM SERVICES: 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.
BAYNET TELECOM SERVICES
Largest movements
- Tangible fixed assets +€126,328
up €126,328 (+47.2%), from €267,525 to €393,853
of which Land and buildings: +€126,220
- Receivables within one year -€53,349
down €53,349 (-86.1%), from €61,977 to €8,629
of which Other amounts receivable: -€33,123
- Deferred charges and accrued income +€8,608
new in 2025: €8,608
- Debts after one year +€79,499
up €79,499 (+39.7%), from €200,476 to €279,975
- Other debts +€32,788
new in 2025: €32,788
- Profit (loss) carried forward -€29,744
new in 2025: -€29,744
- Tax, wage and social debts -€7,065
down €7,065 (-38.5%), from €18,360 to €11,295
of which Taxes: -€8,894
- Current portion of long-term debt +€5,431
up €5,431 (+44.0%), from €12,337 to €17,768
- Gross operating margin -€40,189
down €40,189 (-96.4%), from €41,705 to €1,516
- Taxes -€2,890
no longer reported in 2025 (was €2,890)
- Depreciation -€2,729
down €2,729 (-15.3%), from €17,815 to €15,086
- Financial charges +€2,431
up €2,431 (+24.4%), from €9,953 to €12,384
- Other operating charges +€1,878
up €1,878 (+97.6%), from €1,924 to €3,802
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 | €330,488 | €411,309 | +€80,821 | +24.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €267,525 | €393,853 | +€126,328 | +47.2% |
| Tangible fixed assets | 22/27 | €267,525 | €393,853 | +€126,328 | +47.2% |
| Land and buildings | 22 | €264,078 | €390,298 | +€126,220 | +47.8% |
| Plant, machinery and equipment | 23 | €296 | €936 | +€639 | +216% |
| Furniture and vehicles | 24 | €3,151 | €2,619 | -€532 | -16.9% |
| Current assets | 29/58 | €62,963 | €17,457 | -€45,506 | -72.3% |
| Amounts receivable within one year | 40/41 | €61,977 | €8,629 | -€53,349 | -86.1% |
| Trade receivables | 40 | €25,826 | €5,600 | -€20,226 | -78.3% |
| Other amounts receivable | 41 | €36,151 | €3,029 | -€33,123 | -91.6% |
| Cash at bank and in hand | 54/58 | €986 | €220 | -€766 | -77.7% |
| Deferred charges and accrued income | 490/1 | - | €8,608 | +€8,608 | |
| Total equity and liabilities | 10/49 | €330,488 | €411,309 | +€80,821 | +24.5% |
| Equity | 10/15 | €92,623 | €62,879 | -€29,744 | -32.1% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €90,823 | €90,823 | = | 0.0% |
| Distributable reserves | 133 | €90,823 | €90,823 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€29,744 | -€29,744 | |
| Amounts payable | 17/49 | €237,866 | €348,431 | +€110,565 | +46.5% |
| Amounts payable after more than one year | 17 | €200,476 | €279,975 | +€79,499 | +39.7% |
| Financial debts | 170/4 | €200,476 | €279,975 | +€79,499 | +39.7% |
| Amounts payable within one year | 42/48 | €37,389 | €68,455 | +€31,066 | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €12,337 | €17,768 | +€5,431 | +44.0% |
| Trade debts | 44 | €6,692 | €6,604 | -€88 | -1.3% |
| Suppliers | 440/4 | €6,692 | €6,604 | -€88 | -1.3% |
| Taxes, remuneration and social security | 45 | €18,360 | €11,295 | -€7,065 | -38.5% |
| Taxes | 450/3 | €18,360 | €9,466 | -€8,894 | -48.4% |
| Remuneration and social security | 454/9 | - | €1,829 | +€1,829 | |
| Other amounts payable | 47/48 | - | €32,788 | +€32,788 | |
| Non-recurring operating income | 76A | - | €695 | +€695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,815 | €15,086 | -€2,729 | -15.3% |
| Other operating charges | 640/8 | €1,924 | €3,802 | +€1,878 | +97.6% |
| Gross operating margin | 9900 | €41,705 | €1,516 | -€40,189 | -96.4% |
| Operating profit (loss) | 9901 | €21,966 | -€17,373 | -€39,338 | |
| Financial income | 75/76B | €1 | €13 | +€11 | +798% |
| Recurring financial income | 75 | €1 | €13 | +€11 | +798% |
| Financial charges | 65/66B | €9,953 | €12,384 | +€2,431 | +24.4% |
| Recurring financial charges | 65 | €9,953 | €12,384 | +€2,431 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €12,014 | -€29,744 | -€41,758 | |
| Income taxes | 67/77 | €2,890 | - | -€2,890 | |
| Profit (loss) for the period | 9904 | €9,124 | -€29,744 | -€38,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,124 | -€29,744 | -€38,868 |
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 14 October 2026 via checked.be.