FY-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.
FY-Telecom
Largest movements
- Receivables within one year -€36,272
down €36,272 (-20.3%), from €178,769 to €142,497
of which Trade receivables: -€61,439
- Tangible fixed assets -€7,568
down €7,568 (-52.2%), from €14,507 to €6,939
of which Leasing and similar rights: -€5,384
- Deferred charges and accrued income -€2,428
down €2,428 (-100%), from €2,428 to €0
- Trade debts -€37,448
down €37,448 (-51.3%), from €72,966 to €35,518
- Tax, wage and social debts -€6,969
down €6,969 (-12.9%), from €54,124 to €47,155
of which Remuneration and social security: -€31,433
- Debts after one year -€3,219
down €3,219 (-100%), from €3,219 to €0
- Staff costs -€64,134
down €64,134 (-32.3%), from €198,711 to €134,577
- Gross operating margin -€45,404
down €45,404 (-21.0%), from €216,721 to €171,317
- Other operating charges +€2,963
up €2,963 (+188%), from €1,577 to €4,540
- Taxes +€2,510
up €2,510 (+41.2%), from €6,088 to €8,598
- Depreciation -€2,372
down €2,372 (-23.9%), from €9,939 to €7,568
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,714 | €149,446 | -€46,267 | -23.6% |
| Fixed assets | 21/28 | €14,517 | €6,949 | -€7,568 | -52.1% |
| Tangible fixed assets | 22/27 | €14,507 | €6,939 | -€7,568 | -52.2% |
| Plant, machinery and equipment | 23 | €3,739 | €1,556 | -€2,184 | -58.4% |
| Leasing and similar rights | 25 | €10,767 | €5,384 | -€5,384 | -50.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €181,197 | €142,497 | -€38,700 | -21.4% |
| Amounts receivable within one year | 40/41 | €178,769 | €142,497 | -€36,272 | -20.3% |
| Trade receivables | 40 | €100,204 | €38,765 | -€61,439 | -61.3% |
| Other amounts receivable | 41 | €78,564 | €103,732 | +€25,168 | +32.0% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €2,428 | €0 | -€2,428 | -100% |
| Total equity and liabilities | 10/49 | €195,714 | €149,446 | -€46,267 | -23.6% |
| Equity | 10/15 | €55,542 | €55,542 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,542 | €50,542 | = | 0.0% |
| Distributable reserves | 133 | €50,542 | €50,542 | = | 0.0% |
| Amounts payable | 17/49 | €140,172 | €93,904 | -€46,267 | -33.0% |
| Amounts payable after more than one year | 17 | €3,219 | €0 | -€3,219 | -100% |
| Financial debts | 170/4 | €3,219 | €0 | -€3,219 | -100% |
| Amounts payable within one year | 42/48 | €136,952 | €93,904 | -€43,048 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €4,686 | €4,339 | -€347 | -7.4% |
| Financial debts | 43 | €5,176 | €6,892 | +€1,716 | +33.2% |
| Credit institutions | 430/8 | €5,176 | €6,892 | +€1,716 | +33.2% |
| Trade debts | 44 | €72,966 | €35,518 | -€37,448 | -51.3% |
| Suppliers | 440/4 | €72,966 | €35,518 | -€37,448 | -51.3% |
| Taxes, remuneration and social security | 45 | €54,124 | €47,155 | -€6,969 | -12.9% |
| Taxes | 450/3 | €15,337 | €39,801 | +€24,464 | +160% |
| Remuneration and social security | 454/9 | €38,787 | €7,354 | -€31,433 | -81.0% |
| Remuneration, social security and pensions | 62 | €198,711 | €134,577 | -€64,134 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,939 | €7,568 | -€2,372 | -23.9% |
| Other operating charges | 640/8 | €1,577 | €4,540 | +€2,963 | +188% |
| Gross operating margin | 9900 | €216,721 | €171,317 | -€45,404 | -21.0% |
| Operating profit (loss) | 9901 | €6,494 | €24,633 | +€18,139 | +279% |
| Financial income | 75/76B | €2,862 | €4,249 | +€1,387 | +48.5% |
| Recurring financial income | 75 | €2,862 | €4,249 | +€1,387 | +48.5% |
| Financial charges | 65/66B | €2,872 | €2,912 | +€39 | +1.4% |
| Recurring financial charges | 65 | €2,872 | €2,912 | +€39 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €6,484 | €25,970 | +€19,486 | +301% |
| Income taxes | 67/77 | €6,088 | €8,598 | +€2,510 | +41.2% |
| Profit (loss) for the period | 9904 | €396 | €17,372 | +€16,976 | +4,291% |
| Profit (loss) for the period to be appropriated | 9905 | €396 | €17,372 | +€16,976 | +4,291% |
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 20 October 2026 via checked.be.