C.TELECOM: what changed
C.TELECOM
Largest movements
- Receivables within one year -€27,235
down €27,235 (-52.6%), from €51,796 to €24,561
of which Trade receivables: -€26,134
- Tangible fixed assets +€5,641
up €5,641 (+34.8%), from €16,219 to €21,861
of which Plant, machinery and equipment: +€3,349
- Cash -€5,320
down €5,320 (-98.1%), from €5,421 to €102
mainly Trade debts (-€27,317) and Investment in fixed assets (net) (-€11,351)
- Deferred charges and accrued income -€1,249
down €1,249 (-35.0%), from €3,566 to €2,317
- Trade debts -€27,317
down €27,317 (-65.1%), from €41,947 to €14,629
- Tax, wage and social debts -€5,028
down €5,028 (-42.4%), from €11,868 to €6,840
of which Remuneration and social security: -€3,267
- Profit (loss) carried forward +€4,052
up €4,052 (+17.1%), from €23,645 to €27,696
- Gross operating margin -€51,171
down €51,171 (-56.8%), from €90,123 to €38,952
- Staff costs -€48,475
down €48,475 (-64.9%), from €74,740 to €26,265
- Depreciation +€3,045
up €3,045 (+114%), from €2,665 to €5,710
- Financial charges -€1,544
down €1,544 (-85.9%), from €1,797 to €253
- Taxes -€1,103
down €1,103 (-36.1%), from €3,056 to €1,953
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,003 | €55,840 | -€28,163 | -33.5% |
| Fixed assets | 21/28 | €17,219 | €22,861 | +€5,641 | +32.8% |
| Tangible fixed assets | 22/27 | €16,219 | €21,861 | +€5,641 | +34.8% |
| Plant, machinery and equipment | 23 | €11,773 | €15,122 | +€3,349 | +28.4% |
| Furniture and vehicles | 24 | €2,670 | €5,161 | +€2,491 | +93.3% |
| Other tangible fixed assets | 26 | €1,776 | €1,577 | -€198 | -11.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €66,783 | €32,979 | -€33,804 | -50.6% |
| Amounts receivable after more than one year | 29 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 291 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,796 | €24,561 | -€27,235 | -52.6% |
| Trade receivables | 40 | €48,063 | €21,929 | -€26,134 | -54.4% |
| Other amounts receivable | 41 | €3,733 | €2,632 | -€1,101 | -29.5% |
| Cash at bank and in hand | 54/58 | €5,421 | €102 | -€5,320 | -98.1% |
| Deferred charges and accrued income | 490/1 | €3,566 | €2,317 | -€1,249 | -35.0% |
| Total equity and liabilities | 10/49 | €84,003 | €55,840 | -€28,163 | -33.5% |
| Equity | 10/15 | €26,645 | €30,696 | +€4,052 | +15.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,645 | €27,696 | +€4,052 | +17.1% |
| Amounts payable | 17/49 | €57,358 | €25,143 | -€32,215 | -56.2% |
| Amounts payable within one year | 42/48 | €57,358 | €25,143 | -€32,215 | -56.2% |
| Trade debts | 44 | €41,947 | €14,629 | -€27,317 | -65.1% |
| Suppliers | 440/4 | €41,947 | €14,629 | -€27,317 | -65.1% |
| Taxes, remuneration and social security | 45 | €11,868 | €6,840 | -€5,028 | -42.4% |
| Taxes | 450/3 | €6,664 | €4,904 | -€1,761 | -26.4% |
| Remuneration and social security | 454/9 | €5,204 | €1,936 | -€3,267 | -62.8% |
| Other amounts payable | 47/48 | €3,543 | €3,674 | +€131 | +3.7% |
| Remuneration, social security and pensions | 62 | €74,740 | €26,265 | -€48,475 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,665 | €5,710 | +€3,045 | +114% |
| Other operating charges | 640/8 | €45 | €720 | +€675 | +1,499% |
| Gross operating margin | 9900 | €90,123 | €38,952 | -€51,171 | -56.8% |
| Operating profit (loss) | 9901 | €12,673 | €6,258 | -€6,415 | -50.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,797 | €253 | -€1,544 | -85.9% |
| Recurring financial charges | 65 | €1,797 | €253 | -€1,544 | -85.9% |
| Profit (loss) for the period before taxes | 9903 | €10,876 | €6,005 | -€4,871 | -44.8% |
| Income taxes | 67/77 | €3,056 | €1,953 | -€1,103 | -36.1% |
| Profit (loss) for the period | 9904 | €7,820 | €4,052 | -€3,768 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,820 | €4,052 | -€3,768 | -48.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.