P-TEL: 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.
P-TEL
Largest movements
- Receivables within one year -€445
down €445 (-2.2%), from €20,580 to €20,135
of which Trade receivables: -€313
- Profit (loss) carried forward -€515
down €515 (-0.2%), from -€335,902 to -€336,417
- Gross operating margin +€920
up €920, from -€891 to €29
- Other operating charges -€82
down €82 (-48.2%), from €170 to €88
- Purchases and services -€30
down €30 (-8.9%), from €338 to €308
- Financial charges +€9
up €9 (+15.0%), from €60 to €69
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 | €20,860 | €20,348 | -€512 | -2.5% |
| Current assets | 29/58 | €20,860 | €20,348 | -€512 | -2.5% |
| Amounts receivable within one year | 40/41 | €20,580 | €20,135 | -€445 | -2.2% |
| Trade receivables | 40 | €18,820 | €18,507 | -€313 | -1.7% |
| Other amounts receivable | 41 | €1,760 | €1,628 | -€132 | -7.5% |
| Cash at bank and in hand | 54/58 | €280 | €213 | -€67 | -23.9% |
| Total equity and liabilities | 10/49 | €20,860 | €20,348 | -€512 | -2.5% |
| Equity | 10/15 | -€255,902 | -€256,417 | -€515 | -0.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€335,902 | -€336,417 | -€515 | -0.2% |
| Amounts payable | 17/49 | €276,762 | €276,765 | +€3 | 0.0% |
| Amounts payable after more than one year | 17 | €47,364 | €47,364 | = | 0.0% |
| Financial debts | 170/4 | €47,364 | €47,364 | = | 0.0% |
| Amounts payable within one year | 42/48 | €229,398 | €229,401 | +€3 | 0.0% |
| Trade debts | 44 | €156,324 | €156,327 | +€3 | 0.0% |
| Suppliers | 440/4 | €156,324 | €156,327 | +€3 | 0.0% |
| Other amounts payable | 47/48 | €73,074 | €73,074 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €338 | €308 | -€30 | -8.9% |
| Remuneration, social security and pensions | 62 | €384 | €387 | +€3 | +0.8% |
| Other operating charges | 640/8 | €170 | €88 | -€82 | -48.2% |
| Gross operating margin | 9900 | -€891 | €29 | +€920 | |
| Operating profit (loss) | 9901 | -€1,445 | -€446 | +€999 | +69.1% |
| Financial charges | 65/66B | €60 | €69 | +€9 | +15.0% |
| Recurring financial charges | 65 | €60 | €69 | +€9 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,505 | -€515 | +€990 | +65.8% |
| Profit (loss) for the period | 9904 | -€1,505 | -€515 | +€990 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,505 | -€515 | +€990 | +65.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.