GLOBAL 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.
GLOBAL TELECOM
Largest movements
- Receivables within one year +€38,293
up €38,293 (+968%), from €3,956 to €42,249
- Cash +€15,700
up €15,700 (+29.7%), from €52,933 to €68,633
mainly Trade debts (+€23,095) and Net result for the year (+€18,492)
- Stocks and contracts +€8,145
up €8,145 (+33.2%), from €24,555 to €32,700
- Trade debts +€23,095
up €23,095 (+289%), from €8,001 to €31,096
- Tax, wage and social debts +€16,229
up €16,229 (+229%), from €7,100 to €23,329
of which Taxes: +€16,229
- Reserves +€14,846
up €14,846 (+30.1%), from €49,365 to €64,211
- Accrued charges and deferred income +€4,999
new in 2025: €4,999
- Profit (loss) carried forward +€3,646
no longer reported in 2025 (was -€3,646)
- Gross operating margin +€26,183
up €26,183 (+340%), from €7,694 to €33,877
- Taxes +€6,628
up €6,628 (+173%), from €3,837 to €10,465
- Financial charges +€2,290
up €2,290 (+513%), from €446 to €2,736
- Other operating charges +€573
up €573 (+35.5%), from €1,615 to €2,188
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 | €81,444 | €143,582 | +€62,139 | +76.3% |
| Current assets | 29/58 | €81,444 | €143,582 | +€62,139 | +76.3% |
| Stocks and contracts in progress | 3 | €24,555 | €32,700 | +€8,145 | +33.2% |
| Stocks | 30/36 | €24,555 | €32,700 | +€8,145 | +33.2% |
| Amounts receivable within one year | 40/41 | €3,956 | €42,249 | +€38,293 | +968% |
| Trade receivables | 40 | €3,956 | €42,249 | +€38,293 | +968% |
| Cash at bank and in hand | 54/58 | €52,933 | €68,633 | +€15,700 | +29.7% |
| Total equity and liabilities | 10/49 | €81,444 | €143,582 | +€62,139 | +76.3% |
| Equity | 10/15 | €55,719 | €74,211 | +€18,492 | +33.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €49,365 | €64,211 | +€14,846 | +30.1% |
| Distributable reserves | 133 | €49,365 | €64,211 | +€14,846 | +30.1% |
| Profit (loss) carried forward | 14 | -€3,646 | - | +€3,646 | |
| Amounts payable | 17/49 | €25,724 | €69,372 | +€43,647 | +170% |
| Amounts payable within one year | 42/48 | €25,724 | €64,372 | +€38,648 | +150% |
| Trade debts | 44 | €8,001 | €31,096 | +€23,095 | +289% |
| Suppliers | 440/4 | €8,001 | €31,096 | +€23,095 | +289% |
| Taxes, remuneration and social security | 45 | €7,100 | €23,329 | +€16,229 | +229% |
| Taxes | 450/3 | €3,900 | €20,129 | +€16,229 | +416% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Other amounts payable | 47/48 | €10,624 | €9,947 | -€677 | -6.4% |
| Accrued charges and deferred income | 492/3 | - | €4,999 | +€4,999 | |
| Other operating charges | 640/8 | €1,615 | €2,188 | +€573 | +35.5% |
| Gross operating margin | 9900 | €7,694 | €33,877 | +€26,183 | +340% |
| Operating profit (loss) | 9901 | €6,079 | €31,689 | +€25,610 | +421% |
| Financial income | 75/76B | €21 | €3 | -€18 | -84.8% |
| Recurring financial income | 75 | €21 | €3 | -€18 | -84.8% |
| Financial charges | 65/66B | €446 | €2,736 | +€2,290 | +513% |
| Recurring financial charges | 65 | €446 | €2,736 | +€2,290 | +513% |
| Profit (loss) for the period before taxes | 9903 | €5,654 | €28,956 | +€23,302 | +412% |
| Income taxes | 67/77 | €3,837 | €10,465 | +€6,628 | +173% |
| Profit (loss) for the period | 9904 | €1,818 | €18,492 | +€16,674 | +917% |
| Profit (loss) for the period to be appropriated | 9905 | €1,818 | €18,492 | +€16,674 | +917% |
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 16 October 2026 via checked.be.