FW TELECOM: what changed
Two fiscal 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.
FW TELECOM
Largest movements
- Tangible fixed assets -€7,600
down €7,600 (-80.9%), from €9,400 to €1,800
- Debts within one year -€7,763
down €7,763 (-39.1%), from €19,843 to €12,080
- Profit (loss) carried forward +€6,829
up €6,829 (+47.0%), from €14,516 to €21,344
- Debts after one year -€6,054
down €6,054 (-56.9%), from €10,634 to €4,580
- Turnover -€273,972
no longer reported in 2023 (was €273,972)
- Gross operating margin -€28,751
down €28,751 (-62.9%), from €45,701 to €16,949
- Other operating charges +€3,677
new in 2023: €3,677
From the 2021 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,894 | €54,905 | -€6,989 | -11.3% |
| Fixed assets | 21/28 | €11,300 | €3,700 | -€7,600 | -67.3% |
| Tangible fixed assets | 22/27 | €9,400 | €1,800 | -€7,600 | -80.9% |
| Furniture and vehicles | 24 | - | €1,800 | +€1,800 | |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €50,594 | €51,205 | +€611 | +1.2% |
| Stocks and contracts in progress | 3 | €45,747 | €33,122 | -€12,625 | -27.6% |
| Stocks | 30/36 | - | €33,122 | +€33,122 | |
| Amounts receivable within one year | 40/41 | €54 | - | -€54 | |
| Cash at bank and in hand | 54/58 | €4,468 | €18,083 | +€13,615 | +304.7% |
| Total equity and liabilities | 10/49 | €61,894 | €54,905 | -€6,989 | -11.3% |
| Equity | 10/15 | €31,416 | €38,245 | +€6,829 | +21.7% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Capital | 10 | - | €16,000 | +€16,000 | |
| Issued capital | 100 | - | €16,000 | +€16,000 | |
| Reserves | 13 | €900 | €900 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €146 | +€146 | |
| Legal reserve | 130 | - | €146 | +€146 | |
| Distributable reserves | 133 | - | €755 | +€755 | |
| Profit (loss) carried forward | 14 | €14,516 | €21,344 | +€6,829 | +47.0% |
| Amounts payable | 17/49 | €30,478 | €16,660 | -€13,817 | -45.3% |
| Amounts payable after more than one year | 17 | €10,634 | €4,580 | -€6,054 | -56.9% |
| Other amounts payable | 178/9 | - | €4,580 | +€4,580 | |
| Amounts payable within one year | 42/48 | €19,843 | €12,080 | -€7,763 | -39.1% |
| Trade debts | 44 | €6,780 | €6,556 | -€224 | -3.3% |
| Suppliers | 440/4 | - | €6,556 | +€6,556 | |
| Taxes, remuneration and social security | 45 | - | €5,524 | +€5,524 | |
| Taxes | 450/3 | - | €4,760 | +€4,760 | |
| Remuneration and social security | 454/9 | - | €764 | +€764 | |
| Turnover | 70 | €273,972 | - | -€273,972 | |
| Non-recurring operating income | 76A | - | €48 | +€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €3,800 | = | 0.0% |
| Other operating charges | 640/8 | - | €3,677 | +€3,677 | |
| Gross operating margin | 9900 | €45,701 | €16,949 | -€28,751 | -62.9% |
| Operating profit (loss) | 9901 | €5,388 | €9,472 | +€4,084 | +75.8% |
| Financial charges | 65/66B | - | €202 | +€202 | |
| Recurring financial charges | 65 | €217 | €202 | -€15 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €5,172 | €9,270 | +€4,099 | +79.2% |
| Income taxes | 67/77 | €1,082 | €2,899 | +€1,817 | +168.0% |
| Profit (loss) for the period | 9904 | €4,090 | €6,371 | +€2,281 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,090 | €6,371 | +€2,281 | +55.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.