FOTO & 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.
FOTO & TELECOM
Largest movements
- Stocks and contracts -€801
down €801 (-4.6%), from €17,397 to €16,596
- Cash -€491
down €491 (-12.5%), from €3,935 to €3,444
mainly Other debts (-€1,381) and Trade debts (-€1,281)
- Profit (loss) carried forward +€1,745
up €1,745 (+18.3%), from -€9,538 to -€7,793
- Other debts -€1,381
down €1,381 (-12.1%), from €11,427 to €10,047
- Trade debts -€1,281
down €1,281 (-14.9%), from €8,576 to €7,295
- Tax, wage and social debts -€376
down €376 (-14.8%), from €2,546 to €2,170
- Gross operating margin -€3,802
down €3,802 (-40.6%), from €9,373 to €5,570
- Other operating charges +€105
up €105 (+2.9%), from €3,588 to €3,693
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 | €21,332 | €20,040 | -€1,292 | -6.1% |
| Current assets | 29/58 | €21,332 | €20,040 | -€1,292 | -6.1% |
| Stocks and contracts in progress | 3 | €17,397 | €16,596 | -€801 | -4.6% |
| Stocks | 30/36 | €17,397 | €16,596 | -€801 | -4.6% |
| Cash at bank and in hand | 54/58 | €3,935 | €3,444 | -€491 | -12.5% |
| Total equity and liabilities | 10/49 | €21,332 | €20,040 | -€1,292 | -6.1% |
| Equity | 10/15 | -€1,217 | €528 | +€1,745 | |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,500 | +€6,500 | |
| Other | 1109/19 | - | €6,500 | +€6,500 | |
| Reserves | 13 | €1,821 | €1,821 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,821 | €1,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,538 | -€7,793 | +€1,745 | +18.3% |
| Amounts payable | 17/49 | €22,549 | €19,512 | -€3,037 | -13.5% |
| Amounts payable within one year | 42/48 | €22,549 | €19,512 | -€3,037 | -13.5% |
| Trade debts | 44 | €8,576 | €7,295 | -€1,281 | -14.9% |
| Suppliers | 440/4 | €8,576 | €7,295 | -€1,281 | -14.9% |
| Taxes, remuneration and social security | 45 | €2,546 | €2,170 | -€376 | -14.8% |
| Taxes | 450/3 | €2,546 | €2,170 | -€376 | -14.8% |
| Other amounts payable | 47/48 | €11,427 | €10,047 | -€1,381 | -12.1% |
| Other operating charges | 640/8 | €3,588 | €3,693 | +€105 | +2.9% |
| Gross operating margin | 9900 | €9,373 | €5,570 | -€3,802 | -40.6% |
| Operating profit (loss) | 9901 | €5,785 | €1,878 | -€3,907 | -67.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €43 | €133 | +€90 | +210.8% |
| Recurring financial charges | 65 | €43 | €133 | +€90 | +210.8% |
| Profit (loss) for the period before taxes | 9903 | €5,745 | €1,745 | -€4,000 | -69.6% |
| Profit (loss) for the period | 9904 | €5,745 | €1,745 | -€4,000 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,745 | €1,745 | -€4,000 | -69.6% |
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 9 October 2026 via checked.be.