One-Telecom: what changed
Two fiscal 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.
One-Telecom
Largest movements
- Receivables within one year -€618,198
down €618,198 (-54.8%), from €1.1m to €509,857
of which Other amounts receivable: -€339,385
- Cash -€193,291
down €193,291 (-25.2%), from €768,037 to €574,745
mainly Accrued charges and deferred income (-€717,683) and Tax, wage and social debts (-€233,935)
- Deferred charges and accrued income +€114,851
new in 2025: €114,851
- Stocks and contracts +€97,595
up €97,595 (+16.5%), from €591,116 to €688,711
- Tangible fixed assets -€68,458
down €68,458 (-23.9%), from €286,370 to €217,911
of which Furniture and vehicles: -€71,272
- Accrued charges and deferred income -€717,683
down €717,683 (-90.6%), from €792,254 to €74,570
- Tax, wage and social debts -€233,935
down €233,935 (-39.7%), from €588,897 to €354,962
of which Taxes: -€124,285
- Trade debts +€209,909
up €209,909 (+29.3%), from €717,571 to €927,480
- Advances received +€40,723
new in 2025: €40,723
- Staff costs -€616,518
down €616,518 (-14.7%), from €4.2m to €3.6m
- Gross operating margin -€110,595
down €110,595 (-2.5%), from €4.5m to €4.3m
- Taxes +€105,350
up €105,350 (+90.5%), from €116,423 to €221,773
- Depreciation +€64,137
up €64,137 (+250.6%), from €25,597 to €89,734
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 | €3,785,747 | €3,116,092 | -€669,655 | -17.7% |
| Fixed assets | 21/28 | €296,387 | €227,928 | -€68,458 | -23.1% |
| Tangible fixed assets | 22/27 | €286,370 | €217,911 | -€68,458 | -23.9% |
| Land and buildings | 22 | €160,511 | €155,602 | -€4,909 | -3.1% |
| Plant, machinery and equipment | 23 | €7,509 | €3,312 | -€4,197 | -55.9% |
| Furniture and vehicles | 24 | €112,591 | €41,320 | -€71,272 | -63.3% |
| Other tangible fixed assets | 26 | €5,758 | €17,677 | +€11,919 | +207.0% |
| Financial fixed assets | 28 | €10,017 | €10,017 | = | 0.0% |
| Current assets | 29/58 | €3,489,361 | €2,888,164 | -€601,197 | -17.2% |
| Stocks and contracts in progress | 3 | €591,116 | €688,711 | +€97,595 | +16.5% |
| Stocks | 30/36 | €591,116 | €688,711 | +€97,595 | +16.5% |
| Amounts receivable within one year | 40/41 | €1,128,055 | €509,857 | -€618,198 | -54.8% |
| Trade receivables | 40 | €630,757 | €351,945 | -€278,813 | -44.2% |
| Other amounts receivable | 41 | €497,298 | €157,913 | -€339,385 | -68.2% |
| Current investments | 50/53 | €1,002,153 | €1,000,000 | -€2,153 | -0.2% |
| Cash at bank and in hand | 54/58 | €768,037 | €574,745 | -€193,291 | -25.2% |
| Deferred charges and accrued income | 490/1 | - | €114,851 | +€114,851 | |
| Total equity and liabilities | 10/49 | €3,785,747 | €3,116,092 | -€669,655 | -17.7% |
| Equity | 10/15 | €1,102,551 | €1,127,069 | +€24,518 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,014,166 | €1,014,166 | = | 0.0% |
| Distributable reserves | 133 | €1,014,166 | €1,014,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,897 | €77,588 | +€25,691 | +49.5% |
| Investment grants | 15 | €17,888 | €16,715 | -€1,172 | -6.6% |
| Amounts payable | 17/49 | €2,683,196 | €1,989,023 | -€694,173 | -25.9% |
| Amounts payable within one year | 42/48 | €1,890,942 | €1,914,452 | +€23,510 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €230,224 | €229,557 | -€667 | -0.3% |
| Trade debts | 44 | €717,571 | €927,480 | +€209,909 | +29.3% |
| Suppliers | 440/4 | €717,571 | €927,480 | +€209,909 | +29.3% |
| Advances received on contracts in progress | 46 | - | €40,723 | +€40,723 | |
| Taxes, remuneration and social security | 45 | €588,897 | €354,962 | -€233,935 | -39.7% |
| Taxes | 450/3 | €157,010 | €32,725 | -€124,285 | -79.2% |
| Remuneration and social security | 454/9 | €431,887 | €322,237 | -€109,650 | -25.4% |
| Other amounts payable | 47/48 | €354,250 | €361,730 | +€7,480 | +2.1% |
| Accrued charges and deferred income | 492/3 | €792,254 | €74,570 | -€717,683 | -90.6% |
| Non-recurring operating income | 76A | €1,052,010 | €1,413,233 | +€361,223 | +34.3% |
| Remuneration, social security and pensions | 62 | €4,184,292 | €3,567,774 | -€616,518 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,597 | €89,734 | +€64,137 | +250.6% |
| Other operating charges | 640/8 | €69,945 | €52,910 | -€17,036 | -24.4% |
| Non-recurring operating charges | 66A | €19,950 | €305,892 | +€285,942 | +1433.3% |
| Gross operating margin | 9900 | €4,456,888 | €4,346,293 | -€110,595 | -2.5% |
| Operating profit (loss) | 9901 | €157,103 | €329,983 | +€172,879 | +110.0% |
| Financial income | 75/76B | €41,793 | €5,134 | -€36,659 | -87.7% |
| Recurring financial income | 75 | €41,793 | €5,134 | -€36,659 | -87.7% |
| Financial charges | 65/66B | €66,440 | €87,653 | +€21,214 | +31.9% |
| Recurring financial charges | 65 | €66,440 | €87,653 | +€21,214 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €132,457 | €247,464 | +€115,007 | +86.8% |
| Income taxes | 67/77 | €116,423 | €221,773 | +€105,350 | +90.5% |
| Profit (loss) for the period | 9904 | €16,034 | €25,691 | +€9,657 | +60.2% |
| Transfer from tax-exempt reserves | 789 | €105,250 | - | -€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €121,284 | €25,691 | -€95,593 | -78.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.