IPTELECOM: 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.
IPTELECOM
Largest movements
- Cash +€19,805
up €19,805 (+83.3%), from €23,789 to €43,594
mainly Depreciation (+€14,273) and Trade debts (+€8,625)
- Intangible fixed assets -€12,500
down €12,500 (-20.0%), from €62,500 to €50,000
- Tangible fixed assets +€2,182
up €2,182 (+45.3%), from €4,819 to €7,001
of which Furniture and vehicles: +€2,814
- Deferred charges and accrued income +€1,976
up €1,976 (+1,560%), from €127 to €2,103
- Receivables within one year +€1,893
up €1,893 (+4.7%), from €40,089 to €41,982
of which Other amounts receivable: +€1,071
- Trade debts +€8,625
up €8,625 (+927%), from €931 to €9,556
- Reserves +€6,000
up €6,000 (+4.6%), from €131,500 to €137,500
- Gross operating margin -€5,118
down €5,118 (-13.7%), from €37,359 to €32,241
- Other operating charges +€3,861
up €3,861 (+153%), from €2,528 to €6,389
- Financial charges -€1,041
down €1,041 (-33.5%), from €3,107 to €2,066
- Taxes -€760
down €760 (-16.7%), from €4,556 to €3,796
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 | €136,870 | €151,654 | +€14,784 | +10.8% |
| Fixed assets | 21/28 | €67,319 | €57,001 | -€10,318 | -15.3% |
| Intangible fixed assets | 21 | €62,500 | €50,000 | -€12,500 | -20.0% |
| Tangible fixed assets | 22/27 | €4,819 | €7,001 | +€2,182 | +45.3% |
| Plant, machinery and equipment | 23 | €2,245 | €1,613 | -€632 | -28.2% |
| Furniture and vehicles | 24 | €2,574 | €5,388 | +€2,814 | +109% |
| Current assets | 29/58 | €69,551 | €94,653 | +€25,102 | +36.1% |
| Stocks and contracts in progress | 3 | €5,547 | €6,974 | +€1,428 | +25.7% |
| Stocks | 30/36 | €5,547 | €6,974 | +€1,428 | +25.7% |
| Amounts receivable within one year | 40/41 | €40,089 | €41,982 | +€1,893 | +4.7% |
| Trade receivables | 40 | €16,868 | €17,690 | +€822 | +4.9% |
| Other amounts receivable | 41 | €23,221 | €24,291 | +€1,071 | +4.6% |
| Cash at bank and in hand | 54/58 | €23,789 | €43,594 | +€19,805 | +83.3% |
| Deferred charges and accrued income | 490/1 | €127 | €2,103 | +€1,976 | +1,560% |
| Total equity and liabilities | 10/49 | €136,870 | €151,654 | +€14,784 | +10.8% |
| Equity | 10/15 | €133,806 | €139,618 | +€5,812 | +4.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €131,500 | €137,500 | +€6,000 | +4.6% |
| Distributable reserves | 133 | €131,500 | €137,500 | +€6,000 | +4.6% |
| Profit (loss) carried forward | 14 | €306 | €118 | -€188 | -61.5% |
| Amounts payable | 17/49 | €3,064 | €12,036 | +€8,972 | +293% |
| Amounts payable within one year | 42/48 | €3,064 | €12,036 | +€8,972 | +293% |
| Trade debts | 44 | €931 | €9,556 | +€8,625 | +927% |
| Suppliers | 440/4 | €931 | €9,556 | +€8,625 | +927% |
| Taxes, remuneration and social security | 45 | €2,134 | €2,480 | +€347 | +16.2% |
| Taxes | 450/3 | €2,134 | €2,480 | +€347 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,242 | €14,273 | +€31 | +0.2% |
| Other operating charges | 640/8 | €2,528 | €6,389 | +€3,861 | +153% |
| Gross operating margin | 9900 | €37,359 | €32,241 | -€5,118 | -13.7% |
| Operating profit (loss) | 9901 | €20,589 | €11,580 | -€9,010 | -43.8% |
| Financial income | 75/76B | €13 | €95 | +€82 | +644% |
| Recurring financial income | 75 | €13 | €95 | +€82 | +644% |
| Financial charges | 65/66B | €3,107 | €2,066 | -€1,041 | -33.5% |
| Recurring financial charges | 65 | €3,107 | €2,066 | -€1,041 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €17,495 | €9,608 | -€7,887 | -45.1% |
| Income taxes | 67/77 | €4,556 | €3,796 | -€760 | -16.7% |
| Profit (loss) for the period | 9904 | €12,939 | €5,812 | -€7,127 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,939 | €5,812 | -€7,127 | -55.1% |
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 14 October 2026 via checked.be.