SRI IPtelnet: 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.
SRI IPtelnet
Largest movements
- Cash +€27,902
up €27,902 (+14,277%), from €195 to €28,097
mainly Tax, wage and social debts (+€33,897) and Net result for the year (+€21,212)
- Receivables within one year +€25,409
up €25,409 (+477%), from €5,330 to €30,739
of which Trade receivables: +€25,779
- Tangible fixed assets -€10,040
down €10,040 (-2.8%), from €357,051 to €347,011
of which Land and buildings: -€9,538
- Current investments -€9,088
down €9,088 (-44.7%), from €20,347 to €11,259
- Tax, wage and social debts +€33,897
up €33,897, from €0 to €33,897
of which Remuneration and social security: +€24,728
- Debts after one year -€27,130
down €27,130 (-13.4%), from €202,800 to €175,669
- Profit (loss) carried forward +€21,212
up €21,212 (+94.1%), from -€22,549 to -€1,337
- Other debts +€11,683
up €11,683 (+40.8%), from €28,625 to €40,308
- Short-term financial debts -€9,621
down €9,621 (-100%), from €9,621 to €0
- Gross operating margin +€51,147
up €51,147, from -€1,892 to €49,255
- Staff costs +€11,287
new in 2025: €11,287
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 | €382,923 | €417,106 | +€34,182 | +8.9% |
| Fixed assets | 21/28 | €357,051 | €347,011 | -€10,040 | -2.8% |
| Tangible fixed assets | 22/27 | €357,051 | €347,011 | -€10,040 | -2.8% |
| Land and buildings | 22 | €355,725 | €346,186 | -€9,538 | -2.7% |
| Plant, machinery and equipment | 23 | €104 | €0 | -€104 | -100% |
| Furniture and vehicles | 24 | €123 | €0 | -€123 | -100% |
| Other tangible fixed assets | 26 | €1,099 | €825 | -€275 | -25.0% |
| Current assets | 29/58 | €25,873 | €70,095 | +€44,222 | +171% |
| Amounts receivable within one year | 40/41 | €5,330 | €30,739 | +€25,409 | +477% |
| Trade receivables | 40 | €4,960 | €30,739 | +€25,779 | +520% |
| Other amounts receivable | 41 | €370 | €0 | -€370 | -100% |
| Current investments | 50/53 | €20,347 | €11,259 | -€9,088 | -44.7% |
| Cash at bank and in hand | 54/58 | €195 | €28,097 | +€27,902 | +14,277% |
| Total equity and liabilities | 10/49 | €382,923 | €417,106 | +€34,182 | +8.9% |
| Equity | 10/15 | €114,485 | €135,696 | +€21,212 | +18.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,833 | €130,833 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €128,978 | €128,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,549 | -€1,337 | +€21,212 | +94.1% |
| Amounts payable | 17/49 | €268,439 | €281,409 | +€12,970 | +4.8% |
| Amounts payable after more than one year | 17 | €202,800 | €175,669 | -€27,130 | -13.4% |
| Financial debts | 170/4 | €202,800 | €175,669 | -€27,130 | -13.4% |
| Amounts payable within one year | 42/48 | €65,639 | €105,740 | +€40,101 | +61.1% |
| Current portion of amounts payable after more than one year | 42 | €26,551 | €27,130 | +€579 | +2.2% |
| Financial debts | 43 | €9,621 | €0 | -€9,621 | -100% |
| Credit institutions | 430/8 | €9,621 | €0 | -€9,621 | -100% |
| Trade debts | 44 | €843 | €4,405 | +€3,563 | +423% |
| Suppliers | 440/4 | €843 | €4,405 | +€3,563 | +423% |
| Taxes, remuneration and social security | 45 | €0 | €33,897 | +€33,897 | |
| Taxes | 450/3 | €0 | €9,169 | +€9,169 | |
| Remuneration and social security | 454/9 | - | €24,728 | +€24,728 | |
| Other amounts payable | 47/48 | €28,625 | €40,308 | +€11,683 | +40.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €11,287 | +€11,287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,128 | €10,040 | -€88 | -0.9% |
| Other operating charges | 640/8 | €400 | €393 | -€7 | -1.8% |
| Gross operating margin | 9900 | -€1,892 | €49,255 | +€51,147 | |
| Operating profit (loss) | 9901 | -€12,420 | €27,535 | +€39,955 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,617 | €6,324 | -€293 | -4.4% |
| Recurring financial charges | 65 | €6,617 | €6,324 | -€293 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,037 | €21,212 | +€40,248 | |
| Profit (loss) for the period | 9904 | -€19,037 | €21,212 | +€40,248 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,037 | €21,212 | +€40,248 |
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 21 October 2026 via checked.be.