CABLE & NETWORK: 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.
CABLE & NETWORK
Largest movements
- Receivables within one year +€125,490
up €125,490 (+51.2%), from €245,160 to €370,649
of which Trade receivables: +€110,501
- Tangible fixed assets +€94,694
up €94,694 (+16.6%), from €571,187 to €665,881
of which Land and buildings: +€104,410
- Cash -€28,346
down €28,346 (-7.9%), from €360,552 to €332,206
mainly Investment in fixed assets (net) (-€146,429) and Receivables within one year (-€125,490)
- Debts after one year +€138,241
up €138,241 (+148.6%), from €93,015 to €231,256
- Trade debts +€75,488
up €75,488 (+36.7%), from €205,924 to €281,412
- Other debts +€71,365
up €71,365 (+102.0%), from €70,000 to €141,365
- Accrued charges and deferred income -€70,000
no longer reported in 2025 (was €70,000)
- Reserves +€29,111
up €29,111 (+9.7%), from €301,660 to €330,771
of which Distributable reserves: +€29,111
- Gross operating margin +€89,136
up €89,136 (+12.0%), from €741,689 to €830,825
- Staff costs +€58,133
up €58,133 (+10.5%), from €554,662 to €612,795
- Turnover +€53,687
up €53,687 (+2.9%), from €1.8m to €1.9m
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 | €1,320,420 | €1,518,641 | +€198,221 | +15.0% |
| Fixed assets | 21/28 | €582,148 | €682,967 | +€100,818 | +17.3% |
| Tangible fixed assets | 22/27 | €571,187 | €665,881 | +€94,694 | +16.6% |
| Land and buildings | 22 | €468,143 | €572,553 | +€104,410 | +22.3% |
| Plant, machinery and equipment | 23 | - | €11,357 | +€11,357 | |
| Furniture and vehicles | 24 | €3,170 | €3,499 | +€329 | +10.4% |
| Leasing and similar rights | 25 | €99,873 | €78,472 | -€21,401 | -21.4% |
| Financial fixed assets | 28 | €10,962 | €17,086 | +€6,124 | +55.9% |
| Current assets | 29/58 | €738,272 | €835,675 | +€97,403 | +13.2% |
| Stocks and contracts in progress | 3 | €115,313 | €113,893 | -€1,420 | -1.2% |
| Stocks | 30/36 | €115,313 | €113,893 | -€1,420 | -1.2% |
| Amounts receivable within one year | 40/41 | €245,160 | €370,649 | +€125,490 | +51.2% |
| Trade receivables | 40 | €243,934 | €354,435 | +€110,501 | +45.3% |
| Other amounts receivable | 41 | €1,226 | €16,214 | +€14,988 | +1222.7% |
| Cash at bank and in hand | 54/58 | €360,552 | €332,206 | -€28,346 | -7.9% |
| Deferred charges and accrued income | 490/1 | €17,247 | €18,927 | +€1,680 | +9.7% |
| Total equity and liabilities | 10/49 | €1,320,420 | €1,518,641 | +€198,221 | +15.0% |
| Equity | 10/15 | €549,169 | €575,852 | +€26,683 | +4.9% |
| Contributions | 10/11 | €203,000 | €203,000 | = | 0.0% |
| Capital | 10 | €203,000 | €203,000 | = | 0.0% |
| Issued capital | 100 | €203,000 | €203,000 | = | 0.0% |
| Reserves | 13 | €301,660 | €330,771 | +€29,111 | +9.7% |
| Non-distributable reserves | 130/1 | €20,256 | €20,256 | = | 0.0% |
| Legal reserve | 130 | €20,256 | €20,256 | = | 0.0% |
| Distributable reserves | 133 | €281,404 | €310,515 | +€29,111 | +10.3% |
| Investment grants | 15 | €44,509 | €42,081 | -€2,428 | -5.5% |
| Provisions and deferred taxes | 16 | €14,820 | €14,011 | -€808 | -5.5% |
| Deferred taxes | 168 | €14,820 | €14,011 | -€808 | -5.5% |
| Amounts payable | 17/49 | €756,432 | €928,778 | +€172,347 | +22.8% |
| Amounts payable after more than one year | 17 | €93,015 | €231,256 | +€138,241 | +148.6% |
| Financial debts | 170/4 | €93,015 | €231,256 | +€138,241 | +148.6% |
| Amounts payable within one year | 42/48 | €593,417 | €697,523 | +€104,106 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €62,754 | €41,509 | -€21,244 | -33.9% |
| Financial debts | 43 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Credit institutions | 430/8 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Trade debts | 44 | €205,924 | €281,412 | +€75,488 | +36.7% |
| Suppliers | 440/4 | €205,924 | €281,412 | +€75,488 | +36.7% |
| Taxes, remuneration and social security | 45 | €129,739 | €133,236 | +€3,498 | +2.7% |
| Taxes | 450/3 | €54,094 | €41,405 | -€12,689 | -23.5% |
| Remuneration and social security | 454/9 | €75,645 | €91,831 | +€16,187 | +21.4% |
| Other amounts payable | 47/48 | €70,000 | €141,365 | +€71,365 | +102.0% |
| Accrued charges and deferred income | 492/3 | €70,000 | - | -€70,000 | |
| Turnover | 70 | €1,845,557 | €1,899,244 | +€53,687 | +2.9% |
| Non-recurring operating income | 76A | €6,850 | €1,239 | -€5,611 | -81.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,172,127 | €1,160,094 | -€12,033 | -1.0% |
| Remuneration, social security and pensions | 62 | €554,662 | €612,795 | +€58,133 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,029 | €45,611 | +€17,582 | +62.7% |
| Other operating charges | 640/8 | €19,998 | €20,433 | +€435 | +2.2% |
| Gross operating margin | 9900 | €741,689 | €830,825 | +€89,136 | +12.0% |
| Operating profit (loss) | 9901 | €139,001 | €151,987 | +€12,986 | +9.3% |
| Financial income | 75/76B | €2,428 | €2,428 | = | 0.0% |
| Recurring financial income | 75 | €2,428 | €2,428 | = | 0.0% |
| Financial charges | 65/66B | €6,222 | €19,350 | +€13,128 | +211.0% |
| Recurring financial charges | 65 | €6,222 | €19,350 | +€13,128 | +211.0% |
| Profit (loss) for the period before taxes | 9903 | €135,207 | €135,064 | -€142 | -0.1% |
| Transfer from deferred taxes | 780 | €808 | €808 | = | 0.0% |
| Income taxes | 67/77 | €30,325 | €36,762 | +€6,437 | +21.2% |
| Profit (loss) for the period | 9904 | €105,690 | €99,111 | -€6,580 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,690 | €99,111 | -€6,580 | -6.2% |
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 11 October 2026 via checked.be.