T-COM: 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.
T-COM
Largest movements
- Tangible fixed assets +€19,572
up €19,572 (+42.8%), from €45,681 to €65,253
of which Leasing and similar rights: +€16,353
- Cash +€13,448
up €13,448 (+880%), from €1,529 to €14,977
mainly Tax, wage and social debts (+€55,041) and Trade debts (+€21,310)
- Receivables within one year +€3,704
up €3,704 (+7.0%), from €52,920 to €56,624
of which Other amounts receivable: +€4,156
- Tax, wage and social debts +€55,041
up €55,041 (+367%), from €14,981 to €70,022
of which Remuneration and social security: +€48,186
- Profit (loss) carried forward -€46,349
down €46,349, from €6,551 to -€39,798
- Trade debts +€21,310
up €21,310 (+224%), from €9,533 to €30,843
- Current portion of long-term debt +€8,449
up €8,449 (+102%), from €8,299 to €16,748
- Other debts -€7,302
down €7,302 (-43.1%), from €16,933 to €9,631
- Staff costs +€155,665
up €155,665 (+343%), from €45,399 to €201,064
- Gross operating margin +€121,054
up €121,054 (+208%), from €58,109 to €179,163
- Depreciation +€14,064
up €14,064 (+225%), from €6,246 to €20,310
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 | €100,167 | €137,202 | +€37,035 | +37.0% |
| Fixed assets | 21/28 | €45,681 | €65,253 | +€19,572 | +42.8% |
| Tangible fixed assets | 22/27 | €45,681 | €65,253 | +€19,572 | +42.8% |
| Furniture and vehicles | 24 | €6,543 | €9,762 | +€3,219 | +49.2% |
| Leasing and similar rights | 25 | €39,138 | €55,491 | +€16,353 | +41.8% |
| Current assets | 29/58 | €54,486 | €71,949 | +€17,463 | +32.1% |
| Amounts receivable within one year | 40/41 | €52,920 | €56,624 | +€3,704 | +7.0% |
| Trade receivables | 40 | €42,447 | €41,995 | -€452 | -1.1% |
| Other amounts receivable | 41 | €10,473 | €14,629 | +€4,156 | +39.7% |
| Cash at bank and in hand | 54/58 | €1,529 | €14,977 | +€13,448 | +880% |
| Deferred charges and accrued income | 490/1 | €37 | €348 | +€311 | +841% |
| Total equity and liabilities | 10/49 | €100,167 | €137,202 | +€37,035 | +37.0% |
| Equity | 10/15 | €27,011 | -€19,338 | -€46,349 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,551 | -€39,798 | -€46,349 | |
| Amounts payable | 17/49 | €73,156 | €156,540 | +€83,384 | +114% |
| Amounts payable after more than one year | 17 | €23,410 | €29,296 | +€5,886 | +25.1% |
| Financial debts | 170/4 | €23,410 | €29,296 | +€5,886 | +25.1% |
| Amounts payable within one year | 42/48 | €49,746 | €127,244 | +€77,498 | +156% |
| Current portion of amounts payable after more than one year | 42 | €8,299 | €16,748 | +€8,449 | +102% |
| Trade debts | 44 | €9,533 | €30,843 | +€21,310 | +224% |
| Suppliers | 440/4 | €9,533 | €30,843 | +€21,310 | +224% |
| Taxes, remuneration and social security | 45 | €14,981 | €70,022 | +€55,041 | +367% |
| Taxes | 450/3 | €5,463 | €12,318 | +€6,855 | +125% |
| Remuneration and social security | 454/9 | €9,518 | €57,704 | +€48,186 | +506% |
| Other amounts payable | 47/48 | €16,933 | €9,631 | -€7,302 | -43.1% |
| Remuneration, social security and pensions | 62 | €45,399 | €201,064 | +€155,665 | +343% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,246 | €20,310 | +€14,064 | +225% |
| Other operating charges | 640/8 | €2,815 | €1,654 | -€1,161 | -41.2% |
| Gross operating margin | 9900 | €58,109 | €179,163 | +€121,054 | +208% |
| Operating profit (loss) | 9901 | €3,649 | -€43,865 | -€47,514 | |
| Financial income | 75/76B | - | €323 | +€323 | |
| Recurring financial income | 75 | - | €323 | +€323 | |
| Financial charges | 65/66B | €1,466 | €2,807 | +€1,341 | +91.5% |
| Recurring financial charges | 65 | €1,466 | €2,807 | +€1,341 | +91.5% |
| Profit (loss) for the period before taxes | 9903 | €2,183 | -€46,349 | -€48,532 | |
| Profit (loss) for the period | 9904 | €2,183 | -€46,349 | -€48,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,183 | -€46,349 | -€48,532 |
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 26 October 2026 via checked.be.