BUSINESS TELECOM & SOLUTIONS: 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.
BUSINESS TELECOM & SOLUTIONS
Largest movements
- Cash -€68,450
down €68,450 (-29.1%), from €234,987 to €166,537
mainly Other debts (-€81,076) and Investment in fixed assets (net) (-€67,440)
- Tangible fixed assets +€52,123
up €52,123 (+113%), from €46,065 to €98,188
of which Leasing and similar rights: +€49,479
- Stocks and contracts +€18,000
up €18,000 (+120%), from €15,000 to €33,000
- Receivables within one year +€7,741
up €7,741 (+43.8%), from €17,665 to €25,406
of which Trade receivables: +€12,855
- Other debts -€81,076
down €81,076 (-89.4%), from €90,675 to €9,599
- Debts after one year +€40,017
up €40,017 (+190%), from €21,080 to €61,097
- Reserves +€31,268
up €31,268 (+20.7%), from €151,020 to €182,287
- Current portion of long-term debt +€17,252
up €17,252 (+155%), from €11,129 to €28,381
- Tax, wage and social debts +€6,374
up €6,374 (+50.7%), from €12,577 to €18,952
- Financial income -€139,987
down €139,987 (-99.4%), from €140,848 to €861
- Gross operating margin -€23,960
down €23,960 (-23.9%), from €100,051 to €76,092
- Taxes -€19,203
down €19,203 (-58.9%), from €32,577 to €13,374
- Other operating charges +€12,113
up €12,113 (+722%), from €1,679 to €13,792
- Financial charges +€1,285
up €1,285 (+67.1%), from €1,916 to €3,202
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 | €316,762 | €325,301 | +€8,540 | +2.7% |
| Fixed assets | 21/28 | €46,065 | €98,188 | +€52,123 | +113% |
| Tangible fixed assets | 22/27 | €46,065 | €98,188 | +€52,123 | +113% |
| Plant, machinery and equipment | 23 | €631 | €406 | -€225 | -35.7% |
| Furniture and vehicles | 24 | €3,890 | €6,760 | +€2,869 | +73.8% |
| Leasing and similar rights | 25 | €41,544 | €91,022 | +€49,479 | +119% |
| Current assets | 29/58 | €270,697 | €227,113 | -€43,583 | -16.1% |
| Stocks and contracts in progress | 3 | €15,000 | €33,000 | +€18,000 | +120% |
| Stocks | 30/36 | €15,000 | €33,000 | +€18,000 | +120% |
| Amounts receivable within one year | 40/41 | €17,665 | €25,406 | +€7,741 | +43.8% |
| Trade receivables | 40 | €2,187 | €15,042 | +€12,855 | +588% |
| Other amounts receivable | 41 | €15,478 | €10,363 | -€5,114 | -33.0% |
| Cash at bank and in hand | 54/58 | €234,987 | €166,537 | -€68,450 | -29.1% |
| Deferred charges and accrued income | 490/1 | €3,044 | €2,171 | -€874 | -28.7% |
| Total equity and liabilities | 10/49 | €316,762 | €325,301 | +€8,540 | +2.7% |
| Equity | 10/15 | €173,020 | €204,287 | +€31,268 | +18.1% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €151,020 | €182,287 | +€31,268 | +20.7% |
| Distributable reserves | 133 | €151,020 | €182,287 | +€31,268 | +20.7% |
| Amounts payable | 17/49 | €143,742 | €121,014 | -€22,728 | -15.8% |
| Amounts payable after more than one year | 17 | €21,080 | €61,097 | +€40,017 | +190% |
| Financial debts | 170/4 | €21,080 | €61,097 | +€40,017 | +190% |
| Amounts payable within one year | 42/48 | €116,662 | €59,917 | -€56,745 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €11,129 | €28,381 | +€17,252 | +155% |
| Trade debts | 44 | €2,280 | €2,985 | +€705 | +30.9% |
| Suppliers | 440/4 | €2,280 | €2,985 | +€705 | +30.9% |
| Taxes, remuneration and social security | 45 | €12,577 | €18,952 | +€6,374 | +50.7% |
| Taxes | 450/3 | €12,577 | €18,952 | +€6,374 | +50.7% |
| Other amounts payable | 47/48 | €90,675 | €9,599 | -€81,076 | -89.4% |
| Accrued charges and deferred income | 492/3 | €6,000 | - | -€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,984 | €15,317 | +€333 | +2.2% |
| Other operating charges | 640/8 | €1,679 | €13,792 | +€12,113 | +722% |
| Gross operating margin | 9900 | €100,051 | €76,092 | -€23,960 | -23.9% |
| Operating profit (loss) | 9901 | €83,388 | €46,983 | -€36,406 | -43.7% |
| Financial income | 75/76B | €140,848 | €861 | -€139,987 | -99.4% |
| Recurring financial income | 75 | €140,848 | €861 | -€139,987 | -99.4% |
| Financial charges | 65/66B | €1,916 | €3,202 | +€1,285 | +67.1% |
| Recurring financial charges | 65 | €1,916 | €3,202 | +€1,285 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €222,320 | €44,642 | -€177,677 | -79.9% |
| Income taxes | 67/77 | €32,577 | €13,374 | -€19,203 | -58.9% |
| Profit (loss) for the period | 9904 | €189,742 | €31,268 | -€158,474 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €189,742 | €31,268 | -€158,474 | -83.5% |
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 27 October 2026 via checked.be.