CINEBEL TELECOM: 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.
CINEBEL TELECOM
Largest movements
- Cash -€82,348
down €82,348 (-41.6%), from €197,794 to €115,446
mainly Net result for the year (-€148,012) and Contributions, distributions and other (-€25,000)
- Financial fixed assets -€26,082
down €26,082 (-99.5%), from €26,207 to €125
- Receivables within one year -€18,597
down €18,597 (-30.3%), from €61,474 to €42,877
of which Trade receivables: -€20,100
- Tangible fixed assets -€15,949
down €15,949 (-23.6%), from €67,608 to €51,659
of which Furniture and vehicles: -€15,108
- Profit (loss) carried forward -€148,012
down €148,012, from €110,207 to -€37,804
- Reserves -€25,000
down €25,000 (-11.9%), from €210,660 to €185,660
- Other debts +€19,574
up €19,574 (+438.2%), from €4,467 to €24,040
- Accrued charges and deferred income +€10,845
new in 2025: €10,845
- Gross operating margin -€452,098
down €452,098, from €347,472 to -€104,627
- Taxes -€77,586
down €77,586 (-99.7%), from €77,821 to €235
- Staff costs -€21,802
no longer reported in 2025 (was €21,802)
- Financial charges +€6,786
up €6,786 (+322.3%), from €2,106 to €8,891
- Depreciation +€6,126
up €6,126 (+62.4%), from €9,823 to €15,949
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 | €359,792 | €217,962 | -€141,829 | -39.4% |
| Fixed assets | 21/28 | €93,815 | €51,784 | -€42,032 | -44.8% |
| Tangible fixed assets | 22/27 | €67,608 | €51,659 | -€15,949 | -23.6% |
| Land and buildings | 22 | €1,048 | €207 | -€841 | -80.2% |
| Furniture and vehicles | 24 | €66,560 | €51,451 | -€15,108 | -22.7% |
| Financial fixed assets | 28 | €26,207 | €125 | -€26,082 | -99.5% |
| Current assets | 29/58 | €265,976 | €166,178 | -€99,798 | -37.5% |
| Stocks and contracts in progress | 3 | €6,618 | €6,618 | = | 0.0% |
| Stocks | 30/36 | €6,618 | €6,618 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,474 | €42,877 | -€18,597 | -30.3% |
| Trade receivables | 40 | €20,482 | €382 | -€20,100 | -98.1% |
| Other amounts receivable | 41 | €40,991 | €42,494 | +€1,503 | +3.7% |
| Cash at bank and in hand | 54/58 | €197,794 | €115,446 | -€82,348 | -41.6% |
| Deferred charges and accrued income | 490/1 | €91 | €1,238 | +€1,147 | +1266.4% |
| Total equity and liabilities | 10/49 | €359,792 | €217,962 | -€141,829 | -39.4% |
| Equity | 10/15 | €333,367 | €160,356 | -€173,012 | -51.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €210,660 | €185,660 | -€25,000 | -11.9% |
| Distributable reserves | 133 | €210,660 | €185,660 | -€25,000 | -11.9% |
| Profit (loss) carried forward | 14 | €110,207 | -€37,804 | -€148,012 | |
| Amounts payable | 17/49 | €26,424 | €57,607 | +€31,182 | +118.0% |
| Amounts payable within one year | 42/48 | €26,424 | €46,762 | +€20,338 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €3,756 | €3,822 | +€66 | +1.8% |
| Trade debts | 44 | €15,889 | €15,335 | -€555 | -3.5% |
| Suppliers | 440/4 | €15,889 | €15,335 | -€555 | -3.5% |
| Taxes, remuneration and social security | 45 | €2,312 | €3,564 | +€1,253 | +54.2% |
| Taxes | 450/3 | €2,312 | €3,564 | +€1,253 | +54.2% |
| Other amounts payable | 47/48 | €4,467 | €24,040 | +€19,574 | +438.2% |
| Accrued charges and deferred income | 492/3 | - | €10,845 | +€10,845 | |
| Remuneration, social security and pensions | 62 | €21,802 | - | -€21,802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,823 | €15,949 | +€6,126 | +62.4% |
| Other operating charges | 640/8 | €1,740 | €5,345 | +€3,606 | +207.2% |
| Non-recurring operating charges | 66A | €55,897 | €15,582 | -€40,315 | -72.1% |
| Gross operating margin | 9900 | €347,472 | -€104,627 | -€452,098 | |
| Operating profit (loss) | 9901 | €258,210 | -€141,504 | -€399,714 | |
| Financial income | 75/76B | €1,586 | €2,618 | +€1,032 | +65.1% |
| Recurring financial income | 75 | €1,586 | €2,618 | +€1,032 | +65.1% |
| Financial charges | 65/66B | €2,106 | €8,891 | +€6,786 | +322.3% |
| Recurring financial charges | 65 | €2,106 | €8,891 | +€6,786 | +322.3% |
| Profit (loss) for the period before taxes | 9903 | €257,690 | -€147,777 | -€405,467 | |
| Income taxes | 67/77 | €77,821 | €235 | -€77,586 | -99.7% |
| Profit (loss) for the period | 9904 | €179,869 | -€148,012 | -€327,881 | |
| Profit (loss) for the period to be appropriated | 9905 | €179,869 | -€148,012 | -€327,881 |
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.