CE+T TELECOMMUNICATIONS: 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.
What changed
CE+T TELECOMMUNICATIONS
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€185,823
2024 · €162,624+€23,199
Equity
€1.1m
2024 · €958,025+€185,823
Cash
€39,806
2024 · €74,788-€34,982
Balance sheet total
€5.1m
2024 · €5.1m-€15,232
Largest movements
Assets
- Receivables within one year +€624,710
up €624,710 (+23.9%), from €2.6m to €3.2m
of which Trade receivables: +€600,058
- Current investments -€390,322
down €390,322 (-97.1%), from €401,789 to €11,467
- Deferred charges and accrued income -€235,872
down €235,872 (-19.4%), from €1.2m to €977,310
Equity and liabilities
- Trade debts -€234,213
down €234,213 (-16.0%), from €1.5m to €1.2m
- Profit (loss) carried forward +€185,823
up €185,823 (+25.2%), from €738,025 to €923,849
Income statement
- Staff costs -€98,198
down €98,198 (-16.2%), from €607,418 to €509,220
- Gross operating margin -€76,316
down €76,316 (-8.8%), from €868,699 to €792,384
- Write-downs -€8,746
down €8,746 (-78.8%), from €11,106 to €2,360
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.
Result 2024
€162,624
Gross operating margin
-€76,316
Staff costs
+€98,198
Depreciation
-€2,522
Write-downs
+€8,746
Provisions
+€3,886
Other operating charges
+€4,272
Financial income
-€5,664
Financial charges
-€856
Taxes
-€6,546
Result 2025
€185,823
raises the resultlowers the result
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.
From operations
-€377,428
Investment
+€342,447
Financing
€0
Cash 2024
€74,788
From operations (derived)
-€377,428
Net result for the year
+€185,823
Depreciation
+€19,750
Stocks and contracts
+€6,892
Receivables within one year
-€624,710
Deferred charges and accrued income
+€235,872
Provisions
-€4,068
Trade debts
-€234,213
Tax, wage and social debts
+€45,174
Other debts
-€2,489
Accrued charges and deferred income
-€5,460
Investment (derived)
+€342,447
Investment in fixed assets (net)
-€47,875
Current investments
+€390,322
Cash 2025
€39,806
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,068,767 | €5,053,536 | -€15,232 | -0.3% |
| Fixed assets | 21/28 | €697,309 | €725,434 | +€28,125 | +4.0% |
| Tangible fixed assets | 22/27 | €37,414 | €35,539 | -€1,875 | -5.0% |
| Furniture and vehicles | 24 | €16,570 | €20,246 | +€3,677 | +22.2% |
| Other tangible fixed assets | 26 | €20,844 | €15,292 | -€5,552 | -26.6% |
| Financial fixed assets | 28 | €659,895 | €689,895 | +€30,000 | +4.5% |
| Current assets | 29/58 | €4,371,459 | €4,328,102 | -€43,357 | -1.0% |
| Stocks and contracts in progress | 3 | €63,750 | €56,858 | -€6,892 | -10.8% |
| Stocks | 30/36 | €52,933 | €50,312 | -€2,621 | -5.0% |
| Contracts in progress | 37 | €10,818 | €6,547 | -€4,271 | -39.5% |
| Amounts receivable within one year | 40/41 | €2,617,950 | €3,242,660 | +€624,710 | +23.9% |
| Trade receivables | 40 | €2,617,602 | €3,217,660 | +€600,058 | +22.9% |
| Other amounts receivable | 41 | €347 | €25,000 | +€24,653 | +7,095% |
| Current investments | 50/53 | €401,789 | €11,467 | -€390,322 | -97.1% |
| Cash at bank and in hand | 54/58 | €74,788 | €39,806 | -€34,982 | -46.8% |
| Deferred charges and accrued income | 490/1 | €1,213,182 | €977,310 | -€235,872 | -19.4% |
| Total equity and liabilities | 10/49 | €5,068,767 | €5,053,536 | -€15,232 | -0.3% |
| Equity | 10/15 | €958,025 | €1,143,849 | +€185,823 | +19.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €738,025 | €923,849 | +€185,823 | +25.2% |
| Provisions and deferred taxes | 16 | €31,653 | €27,585 | -€4,068 | -12.9% |
| Provisions for liabilities and charges | 160/5 | €31,653 | €27,585 | -€4,068 | -12.9% |
| Other liabilities and charges | 164/5 | €31,653 | €27,585 | -€4,068 | -12.9% |
| Amounts payable | 17/49 | €4,079,089 | €3,882,102 | -€196,988 | -4.8% |
| Amounts payable within one year | 42/48 | €1,607,077 | €1,415,550 | -€191,528 | -11.9% |
| Trade debts | 44 | €1,460,193 | €1,225,980 | -€234,213 | -16.0% |
| Suppliers | 440/4 | €1,460,193 | €1,225,980 | -€234,213 | -16.0% |
| Taxes, remuneration and social security | 45 | €143,159 | €188,332 | +€45,174 | +31.6% |
| Taxes | 450/3 | €29,778 | €86,955 | +€57,177 | +192% |
| Remuneration and social security | 454/9 | €113,380 | €101,377 | -€12,003 | -10.6% |
| Other amounts payable | 47/48 | €3,726 | €1,237 | -€2,489 | -66.8% |
| Accrued charges and deferred income | 492/3 | €2,472,012 | €2,466,552 | -€5,460 | -0.2% |
| Remuneration, social security and pensions | 62 | €607,418 | €509,220 | -€98,198 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,229 | €19,750 | +€2,522 | +14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,106 | €2,360 | -€8,746 | -78.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€181 | -€4,068 | -€3,886 | -2,144% |
| Other operating charges | 640/8 | €7,298 | €3,026 | -€4,272 | -58.5% |
| Gross operating margin | 9900 | €868,699 | €792,384 | -€76,316 | -8.8% |
| Operating profit (loss) | 9901 | €225,830 | €262,096 | +€36,266 | +16.1% |
| Financial income | 75/76B | €11,107 | €5,443 | -€5,664 | -51.0% |
| Recurring financial income | 75 | €11,107 | €5,443 | -€5,664 | -51.0% |
| Financial charges | 65/66B | €5,399 | €6,255 | +€856 | +15.9% |
| Recurring financial charges | 65 | €5,399 | €6,255 | +€856 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €231,539 | €261,284 | +€29,746 | +12.8% |
| Income taxes | 67/77 | €68,914 | €75,461 | +€6,546 | +9.5% |
| Profit (loss) for the period | 9904 | €162,624 | €185,823 | +€23,199 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €162,624 | €185,823 | +€23,199 | +14.3% |
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 23 October 2026 via checked.be.