LAST 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.
LAST TELECOM
Largest movements
- Cash -€43,882
down €43,882 (-81.9%), from €53,594 to €9,712
mainly Trade debts (-€66,324) and Investment in fixed assets (net) (-€10,860)
- Receivables within one year +€3,548
up €3,548 (+4.4%), from €79,799 to €83,347
of which Trade receivables: +€2,698
- Trade debts -€66,324
down €66,324 (-73.6%), from €90,091 to €23,767
- Tax, wage and social debts +€16,527
up €16,527 (+67.5%), from €24,486 to €41,012
of which Remuneration and social security: +€10,818
- Profit (loss) carried forward +€9,523
up €9,523 (+30.5%), from €31,190 to €40,713
- Staff costs +€21,757
up €21,757 (+115.6%), from €18,813 to €40,570
- Purchases and services +€17,279
up €17,279 (+11.4%), from €151,780 to €169,059
- Turnover +€17,089
up €17,089 (+8.0%), from €214,830 to €231,919
- Gross operating margin +€3,370
up €3,370 (+5.0%), from €67,515 to €70,885
- Taxes -€3,366
down €3,366 (-33.4%), from €10,079 to €6,713
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 | €167,621 | €127,347 | -€40,274 | -24.0% |
| Fixed assets | 21/28 | €34,228 | €33,091 | -€1,137 | -3.3% |
| Tangible fixed assets | 22/27 | €34,228 | €33,091 | -€1,137 | -3.3% |
| Furniture and vehicles | 24 | €34,228 | €33,091 | -€1,137 | -3.3% |
| Current assets | 29/58 | €133,393 | €94,256 | -€39,137 | -29.3% |
| Amounts receivable within one year | 40/41 | €79,799 | €83,347 | +€3,548 | +4.4% |
| Trade receivables | 40 | €76,460 | €79,158 | +€2,698 | +3.5% |
| Other amounts receivable | 41 | €3,339 | €4,188 | +€850 | +25.5% |
| Cash at bank and in hand | 54/58 | €53,594 | €9,712 | -€43,882 | -81.9% |
| Deferred charges and accrued income | 490/1 | - | €1,197 | +€1,197 | |
| Total equity and liabilities | 10/49 | €167,621 | €127,347 | -€40,274 | -24.0% |
| Equity | 10/15 | €51,190 | €60,713 | +€9,523 | +18.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,190 | €40,713 | +€9,523 | +30.5% |
| Amounts payable | 17/49 | €116,431 | €66,634 | -€49,797 | -42.8% |
| Amounts payable within one year | 42/48 | €116,431 | €66,634 | -€49,797 | -42.8% |
| Trade debts | 44 | €90,091 | €23,767 | -€66,324 | -73.6% |
| Suppliers | 440/4 | €90,091 | €23,767 | -€66,324 | -73.6% |
| Taxes, remuneration and social security | 45 | €24,486 | €41,012 | +€16,527 | +67.5% |
| Taxes | 450/3 | €11,084 | €16,793 | +€5,709 | +51.5% |
| Remuneration and social security | 454/9 | €13,402 | €24,220 | +€10,818 | +80.7% |
| Other amounts payable | 47/48 | €1,855 | €1,855 | = | 0.0% |
| Turnover | 70 | €214,830 | €231,919 | +€17,089 | +8.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €151,780 | €169,059 | +€17,279 | +11.4% |
| Remuneration, social security and pensions | 62 | €18,813 | €40,570 | +€21,757 | +115.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,675 | €11,997 | +€3,322 | +38.3% |
| Other operating charges | 640/8 | €2,256 | €893 | -€1,363 | -60.4% |
| Non-recurring operating charges | 66A | - | €1,041 | +€1,041 | |
| Gross operating margin | 9900 | €67,515 | €70,885 | +€3,370 | +5.0% |
| Operating profit (loss) | 9901 | €37,771 | €16,384 | -€21,387 | -56.6% |
| Financial charges | 65/66B | €121 | €147 | +€26 | +21.3% |
| Recurring financial charges | 65 | €121 | €147 | +€26 | +21.3% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €37,650 | €16,237 | -€21,413 | -56.9% |
| Income taxes | 67/77 | €10,079 | €6,713 | -€3,366 | -33.4% |
| Profit (loss) for the period | 9904 | €27,571 | €9,523 | -€18,047 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,571 | €9,523 | -€18,047 | -65.5% |
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 10 October 2026 via checked.be.