Cellcom: 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.
Cellcom
Largest movements
- Tangible fixed assets +€98,773
up €98,773 (+28.1%), from €351,522 to €450,294
of which Furniture and vehicles: +€119,076
- Cash -€55,875
down €55,875 (-64.0%), from €87,283 to €31,408
mainly Investment in fixed assets (net) (-€151,565) and Net result for the year (-€52,534)
- Receivables within one year +€6,101
up €6,101 (+65.3%), from €9,343 to €15,444
of which Other amounts receivable: +€4,995
- Other debts +€100,909
up €100,909 (+63.7%), from €158,346 to €259,255
- Profit (loss) carried forward -€52,534
down €52,534, from €869 to -€51,665
- Gross operating margin -€215,100
down €215,100 (-94.1%), from €228,574 to €13,474
- Taxes -€36,695
down €36,695 (-78.1%), from €46,989 to €10,294
- Depreciation +€30,689
up €30,689 (+138.8%), from €22,103 to €52,792
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 | €448,642 | €500,021 | +€51,379 | +11.5% |
| Fixed assets | 21/28 | €351,522 | €450,294 | +€98,773 | +28.1% |
| Tangible fixed assets | 22/27 | €351,522 | €450,294 | +€98,773 | +28.1% |
| Land and buildings | 22 | €338,988 | €320,155 | -€18,833 | -5.6% |
| Plant, machinery and equipment | 23 | €11,068 | €9,598 | -€1,471 | -13.3% |
| Furniture and vehicles | 24 | €1,466 | €120,542 | +€119,076 | +8124.9% |
| Current assets | 29/58 | €97,120 | €49,727 | -€47,393 | -48.8% |
| Amounts receivable within one year | 40/41 | €9,343 | €15,444 | +€6,101 | +65.3% |
| Trade receivables | 40 | €2,501 | €3,607 | +€1,106 | +44.2% |
| Other amounts receivable | 41 | €6,842 | €11,837 | +€4,995 | +73.0% |
| Cash at bank and in hand | 54/58 | €87,283 | €31,408 | -€55,875 | -64.0% |
| Deferred charges and accrued income | 490/1 | €494 | €2,875 | +€2,380 | +481.4% |
| Total equity and liabilities | 10/49 | €448,642 | €500,021 | +€51,379 | +11.5% |
| Equity | 10/15 | €83,369 | €30,835 | -€52,534 | -63.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Contributions outside capital | 11 | €75,000 | €75,000 | = | 0.0% |
| Other | 1109/19 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €869 | -€51,665 | -€52,534 | |
| Amounts payable | 17/49 | €365,273 | €469,186 | +€103,913 | +28.4% |
| Amounts payable within one year | 42/48 | €364,935 | €468,746 | +€103,811 | +28.4% |
| Trade debts | 44 | €204,600 | €209,198 | +€4,598 | +2.2% |
| Suppliers | 440/4 | €204,600 | €209,198 | +€4,598 | +2.2% |
| Taxes, remuneration and social security | 45 | €1,989 | €294 | -€1,695 | -85.2% |
| Taxes | 450/3 | €1,989 | €294 | -€1,695 | -85.2% |
| Other amounts payable | 47/48 | €158,346 | €259,255 | +€100,909 | +63.7% |
| Accrued charges and deferred income | 492/3 | €339 | €440 | +€102 | +30.0% |
| Non-recurring operating income | 76A | - | €5,441 | +€5,441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,103 | €52,792 | +€30,689 | +138.8% |
| Other operating charges | 640/8 | €1,254 | €3,026 | +€1,773 | +141.4% |
| Gross operating margin | 9900 | €228,574 | €13,474 | -€215,100 | -94.1% |
| Operating profit (loss) | 9901 | €205,217 | -€42,344 | -€247,561 | |
| Financial income | 75/76B | €153 | €210 | +€57 | +37.3% |
| Recurring financial income | 75 | €153 | €210 | +€57 | +37.3% |
| Financial charges | 65/66B | €103 | €106 | +€3 | +2.6% |
| Recurring financial charges | 65 | €103 | €106 | +€3 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €205,267 | -€42,240 | -€247,507 | |
| Income taxes | 67/77 | €46,989 | €10,294 | -€36,695 | -78.1% |
| Profit (loss) for the period | 9904 | €158,278 | -€52,534 | -€210,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €158,278 | -€52,534 | -€210,811 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.