TBC Telecom: 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.
TBC Telecom
Largest movements
- Current investments +€285,419
up €285,419 (+27,830%), from €1,026 to €286,445
- Receivables within one year -€58,520
down €58,520 (-4.4%), from €1.3m to €1.3m
of which Trade receivables: -€56,270
- Cash +€25,307
up €25,307 (+425%), from €5,959 to €31,266
mainly Trade debts (+€217,860) and Receivables within one year (+€58,520)
- Deferred charges and accrued income -€16,122
down €16,122 (-78.6%), from €20,504 to €4,382
- Trade debts +€217,860
up €217,860 (+24.1%), from €902,451 to €1.1m
- Reserves +€26,796
up €26,796 (+19.7%), from €135,937 to €162,733
- Gross operating margin -€16,085
down €16,085 (-20.6%), from €78,255 to €62,169
- Taxes -€5,426
down €5,426 (-29.9%), from €18,149 to €12,723
- Financial charges +€2,127
up €2,127 (+11.0%), from €19,343 to €21,470
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 | €1,376,356 | €1,609,074 | +€232,718 | +16.9% |
| Fixed assets | 21/28 | €4,488 | €1,122 | -€3,366 | -75.0% |
| Tangible fixed assets | 22/27 | €4,488 | €1,122 | -€3,366 | -75.0% |
| Furniture and vehicles | 24 | €4,488 | €1,122 | -€3,366 | -75.0% |
| Current assets | 29/58 | €1,371,868 | €1,607,952 | +€236,084 | +17.2% |
| Amounts receivable within one year | 40/41 | €1,344,380 | €1,285,860 | -€58,520 | -4.4% |
| Trade receivables | 40 | €1,333,454 | €1,277,184 | -€56,270 | -4.2% |
| Other amounts receivable | 41 | €10,926 | €8,676 | -€2,250 | -20.6% |
| Current investments | 50/53 | €1,026 | €286,445 | +€285,419 | +27,830% |
| Cash at bank and in hand | 54/58 | €5,959 | €31,266 | +€25,307 | +425% |
| Deferred charges and accrued income | 490/1 | €20,504 | €4,382 | -€16,122 | -78.6% |
| Total equity and liabilities | 10/49 | €1,376,356 | €1,609,074 | +€232,718 | +16.9% |
| Equity | 10/15 | €143,437 | €170,233 | +€26,796 | +18.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €135,937 | €162,733 | +€26,796 | +19.7% |
| Distributable reserves | 133 | €135,937 | €162,733 | +€26,796 | +19.7% |
| Amounts payable | 17/49 | €1,232,919 | €1,438,841 | +€205,922 | +16.7% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Other amounts payable | 178/9 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €921,331 | €1,137,991 | +€216,660 | +23.5% |
| Trade debts | 44 | €902,451 | €1,120,311 | +€217,860 | +24.1% |
| Suppliers | 440/4 | €902,451 | €1,120,311 | +€217,860 | +24.1% |
| Taxes, remuneration and social security | 45 | €3,880 | €2,680 | -€1,201 | -30.9% |
| Taxes | 450/3 | €3,880 | €2,680 | -€1,201 | -30.9% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,588 | €850 | -€10,738 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,366 | €3,366 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €367 | +€367 | |
| Other operating charges | 640/8 | €1,597 | €998 | -€599 | -37.5% |
| Gross operating margin | 9900 | €78,255 | €62,169 | -€16,085 | -20.6% |
| Operating profit (loss) | 9901 | €73,291 | €57,438 | -€15,854 | -21.6% |
| Financial income | 75/76B | €18,005 | €18,551 | +€546 | +3.0% |
| Recurring financial income | 75 | €18,005 | €18,551 | +€546 | +3.0% |
| Financial charges | 65/66B | €19,343 | €21,470 | +€2,127 | +11.0% |
| Recurring financial charges | 65 | €19,343 | €21,470 | +€2,127 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €71,952 | €54,518 | -€17,434 | -24.2% |
| Income taxes | 67/77 | €18,149 | €12,723 | -€5,426 | -29.9% |
| Profit (loss) for the period | 9904 | €53,804 | €41,796 | -€12,008 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,804 | €41,796 | -€12,008 | -22.3% |
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 20 October 2026 via checked.be.