R-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.
R-TELECOM
Largest movements
- Receivables within one year -€235,652
down €235,652 (-90.3%), from €260,834 to €25,182
of which Other amounts receivable: -€238,652
- Receivables after one year +€180,000
new in 2025: €180,000
- Tangible fixed assets -€15,262
down €15,262 (-55.0%), from €27,738 to €12,476
- Reserves -€49,582
down €49,582 (-47.4%), from €104,536 to €54,955
- Advances received -€21,950
no longer reported in 2025 (was €21,950)
- Debts after one year -€12,566
no longer reported in 2025 (was €12,566)
- Profit (loss) carried forward +€7,402
up €7,402 (+6.5%), from €113,770 to €121,172
- Other debts +€6,297
new in 2025: €6,297
- Gross operating margin -€22,910
down €22,910 (-45.9%), from €49,939 to €27,029
- Taxes -€5,585
down €5,585 (-63.6%), from €8,787 to €3,202
- Other operating charges -€748
down €748 (-43.9%), from €1,703 to €955
- Depreciation -€708
down €708 (-4.4%), from €15,970 to €15,262
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 | €293,914 | €219,660 | -€74,253 | -25.3% |
| Fixed assets | 21/28 | €27,738 | €12,476 | -€15,262 | -55.0% |
| Tangible fixed assets | 22/27 | €27,738 | €12,476 | -€15,262 | -55.0% |
| Plant, machinery and equipment | 23 | €27,738 | €12,476 | -€15,262 | -55.0% |
| Current assets | 29/58 | €266,176 | €207,185 | -€58,991 | -22.2% |
| Amounts receivable after more than one year | 29 | - | €180,000 | +€180,000 | |
| Other amounts receivable | 291 | - | €180,000 | +€180,000 | |
| Amounts receivable within one year | 40/41 | €260,834 | €25,182 | -€235,652 | -90.3% |
| Trade receivables | 40 | €500 | €3,500 | +€3,000 | +600.0% |
| Other amounts receivable | 41 | €260,334 | €21,682 | -€238,652 | -91.7% |
| Cash at bank and in hand | 54/58 | €3,663 | €1,038 | -€2,624 | -71.6% |
| Deferred charges and accrued income | 490/1 | €1,679 | €964 | -€715 | -42.6% |
| Total equity and liabilities | 10/49 | €293,914 | €219,660 | -€74,253 | -25.3% |
| Equity | 10/15 | €226,056 | €183,877 | -€42,180 | -18.7% |
| Contributions | 10/11 | €7,750 | €7,750 | = | 0.0% |
| Reserves | 13 | €104,536 | €54,955 | -€49,582 | -47.4% |
| Non-distributable reserves | 130/1 | €104,536 | €54,955 | -€49,582 | -47.4% |
| Reserves not available under the articles | 1311 | €104,536 | €54,955 | -€49,582 | -47.4% |
| Profit (loss) carried forward | 14 | €113,770 | €121,172 | +€7,402 | +6.5% |
| Amounts payable | 17/49 | €67,857 | €35,784 | -€32,073 | -47.3% |
| Amounts payable after more than one year | 17 | €12,566 | - | -€12,566 | |
| Financial debts | 170/4 | €12,566 | - | -€12,566 | |
| Amounts payable within one year | 42/48 | €55,291 | €35,784 | -€19,508 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €15,277 | €12,566 | -€2,711 | -17.7% |
| Trade debts | 44 | €3,878 | €4,701 | +€822 | +21.2% |
| Suppliers | 440/4 | €3,878 | €4,701 | +€822 | +21.2% |
| Advances received on contracts in progress | 46 | €21,950 | - | -€21,950 | |
| Taxes, remuneration and social security | 45 | €14,186 | €12,220 | -€1,966 | -13.9% |
| Taxes | 450/3 | €14,186 | €12,220 | -€1,966 | -13.9% |
| Other amounts payable | 47/48 | - | €6,297 | +€6,297 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,970 | €15,262 | -€708 | -4.4% |
| Other operating charges | 640/8 | €1,703 | €955 | -€748 | -43.9% |
| Gross operating margin | 9900 | €49,939 | €27,029 | -€22,910 | -45.9% |
| Operating profit (loss) | 9901 | €32,266 | €10,812 | -€21,454 | -66.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €347 | €208 | -€139 | -40.2% |
| Recurring financial charges | 65 | €347 | €208 | -€139 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €31,919 | €10,604 | -€21,315 | -66.8% |
| Income taxes | 67/77 | €8,787 | €3,202 | -€5,585 | -63.6% |
| Profit (loss) for the period | 9904 | €23,132 | €7,402 | -€15,730 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,132 | €7,402 | -€15,730 | -68.0% |
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 7 October 2026 via checked.be.