LIEGE 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.
LIEGE TELECOM
Largest movements
- Cash +€25,765
up €25,765 (+42.9%), from €60,001 to €85,766
mainly Other debts (+€64,176) and Net result for the year (+€43,275)
- Receivables within one year +€12,380
up €12,380 (+119%), from €10,429 to €22,809
of which Trade receivables: +€19,442
- Tangible fixed assets +€8,493
new in 2025: €8,493
- Other debts +€64,176
new in 2025: €64,176
- Profit (loss) carried forward -€28,725
down €28,725 (-89.6%), from €32,076 to €3,351
- Tax, wage and social debts +€11,240
new in 2025: €11,240
- Gross operating margin +€50,504
up €50,504 (+627%), from €8,049 to €58,553
- Taxes +€8,049
new in 2025: €8,049
- Staff costs +€4,947
new in 2025: €4,947
- Other operating charges -€3,107
down €3,107 (-82.4%), from €3,772 to €665
- Depreciation +€872
up €872 (+138%), from €634 to €1,507
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 | €70,455 | €117,093 | +€46,638 | +66.2% |
| Fixed assets | 21/28 | €25 | €8,518 | +€8,493 | +33,973% |
| Tangible fixed assets | 22/27 | - | €8,493 | +€8,493 | |
| Furniture and vehicles | 24 | - | €8,493 | +€8,493 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €70,430 | €108,575 | +€38,145 | +54.2% |
| Amounts receivable within one year | 40/41 | €10,429 | €22,809 | +€12,380 | +119% |
| Trade receivables | 40 | €2,000 | €21,442 | +€19,442 | +972% |
| Other amounts receivable | 41 | €8,429 | €1,367 | -€7,062 | -83.8% |
| Cash at bank and in hand | 54/58 | €60,001 | €85,766 | +€25,765 | +42.9% |
| Total equity and liabilities | 10/49 | €70,455 | €117,093 | +€46,638 | +66.2% |
| Equity | 10/15 | €70,231 | €41,506 | -€28,725 | -40.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,555 | €19,555 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,695 | €17,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,076 | €3,351 | -€28,725 | -89.6% |
| Amounts payable | 17/49 | €224 | €75,587 | +€75,363 | +33,634% |
| Amounts payable within one year | 42/48 | €224 | €75,587 | +€75,363 | +33,634% |
| Trade debts | 44 | €224 | €170 | -€54 | -24.1% |
| Suppliers | 440/4 | €224 | €170 | -€54 | -24.1% |
| Taxes, remuneration and social security | 45 | - | €11,240 | +€11,240 | |
| Taxes | 450/3 | - | €11,240 | +€11,240 | |
| Other amounts payable | 47/48 | - | €64,176 | +€64,176 | |
| Remuneration, social security and pensions | 62 | - | €4,947 | +€4,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €1,507 | +€872 | +138% |
| Other operating charges | 640/8 | €3,772 | €665 | -€3,107 | -82.4% |
| Gross operating margin | 9900 | €8,049 | €58,553 | +€50,504 | +627% |
| Operating profit (loss) | 9901 | €3,642 | €51,434 | +€47,791 | +1,312% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €107 | €113 | +€5 | +5.1% |
| Recurring financial charges | 65 | €107 | €113 | +€5 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €3,535 | €51,324 | +€47,789 | +1,352% |
| Income taxes | 67/77 | - | €8,049 | +€8,049 | |
| Profit (loss) for the period | 9904 | €3,535 | €43,275 | +€39,740 | +1,124% |
| Profit (loss) for the period to be appropriated | 9905 | €3,535 | €43,275 | +€39,740 | +1,124% |
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 18 October 2026 via checked.be.