MTELECOM: 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.
MTELECOM
Largest movements
- Tangible fixed assets -€60,848
down €60,848 (-21.2%), from €287,573 to €226,725
of which Land and buildings: -€49,975
- Cash -€54,734
down €54,734 (-60.2%), from €90,923 to €36,189
mainly Net result for the year (-€78,991) and Debts after one year (-€40,798)
- Receivables within one year +€40,416
up €40,416 (+39.9%), from €101,184 to €141,600
of which Other amounts receivable: +€38,452
- Deferred charges and accrued income -€21,011
no longer reported in 2024 (was €21,011)
- Financial fixed assets +€8,184
up €8,184 (+1,171%), from €699 to €8,883
- Profit (loss) carried forward -€78,991
down €78,991 (-67.7%), from €116,712 to €37,721
- Debts after one year -€40,798
down €40,798 (-13.0%), from €314,903 to €274,105
- Other debts +€23,550
new in 2024: €23,550
- Accrued charges and deferred income +€20,140
new in 2024: €20,140
- Tax, wage and social debts -€8,048
down €8,048 (-25.6%), from €31,476 to €23,428
- Taxes +€31,102
new in 2024: €31,102
- Purchases and services +€27,790
new in 2024: €27,790
- Turnover +€12,852
new in 2024: €12,852
- Gross operating margin -€10,534
down €10,534 (-43.3%), from €24,322 to €13,788
- Depreciation -€501
down €501 (-0.8%), from €61,349 to €60,848
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,390 | €413,397 | -€87,993 | -17.5% |
| Fixed assets | 21/28 | €288,272 | €235,608 | -€52,664 | -18.3% |
| Tangible fixed assets | 22/27 | €287,573 | €226,725 | -€60,848 | -21.2% |
| Land and buildings | 22 | €268,380 | €218,405 | -€49,975 | -18.6% |
| Furniture and vehicles | 24 | €11,101 | €3,174 | -€7,927 | -71.4% |
| Other tangible fixed assets | 26 | €8,092 | €5,146 | -€2,946 | -36.4% |
| Financial fixed assets | 28 | €699 | €8,883 | +€8,184 | +1,171% |
| Current assets | 29/58 | €213,118 | €177,789 | -€35,329 | -16.6% |
| Amounts receivable within one year | 40/41 | €101,184 | €141,600 | +€40,416 | +39.9% |
| Trade receivables | 40 | €42,120 | €44,084 | +€1,964 | +4.7% |
| Other amounts receivable | 41 | €59,064 | €97,516 | +€38,452 | +65.1% |
| Cash at bank and in hand | 54/58 | €90,923 | €36,189 | -€54,734 | -60.2% |
| Deferred charges and accrued income | 490/1 | €21,011 | - | -€21,011 | |
| Total equity and liabilities | 10/49 | €501,390 | €413,397 | -€87,993 | -17.5% |
| Equity | 10/15 | €124,772 | €45,781 | -€78,991 | -63.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €116,712 | €37,721 | -€78,991 | -67.7% |
| Amounts payable | 17/49 | €376,618 | €367,616 | -€9,002 | -2.4% |
| Amounts payable after more than one year | 17 | €314,903 | €274,105 | -€40,798 | -13.0% |
| Financial debts | 170/4 | €314,903 | €274,105 | -€40,798 | -13.0% |
| Amounts payable within one year | 42/48 | €61,715 | €73,371 | +€11,656 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €840 | €3,000 | +€2,160 | +257% |
| Trade debts | 44 | €29,399 | €23,393 | -€6,006 | -20.4% |
| Suppliers | 440/4 | €29,399 | €23,393 | -€6,006 | -20.4% |
| Taxes, remuneration and social security | 45 | €31,476 | €23,428 | -€8,048 | -25.6% |
| Taxes | 450/3 | €31,476 | €23,428 | -€8,048 | -25.6% |
| Other amounts payable | 47/48 | - | €23,550 | +€23,550 | |
| Accrued charges and deferred income | 492/3 | - | €20,140 | +€20,140 | |
| Turnover | 70 | - | €12,852 | +€12,852 | |
| Non-recurring operating income | 76A | - | €28,725 | +€28,725 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €27,790 | +€27,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,349 | €60,848 | -€501 | -0.8% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €24,322 | €13,788 | -€10,534 | -43.3% |
| Operating profit (loss) | 9901 | -€37,027 | -€47,123 | -€10,096 | -27.3% |
| Financial charges | 65/66B | €744 | €766 | +€22 | +3.0% |
| Recurring financial charges | 65 | €744 | €766 | +€22 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,771 | -€47,889 | -€10,118 | -26.8% |
| Income taxes | 67/77 | - | €31,102 | +€31,102 | |
| Profit (loss) for the period | 9904 | -€37,771 | -€78,991 | -€41,220 | -109% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,771 | -€78,991 | -€41,220 | -109% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.