TELECOM SERVICE: 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.
TELECOM SERVICE
Largest movements
- Receivables within one year -€10,359
down €10,359 (-6.2%), from €168,018 to €157,659
- Tangible fixed assets -€5,778
down €5,778 (-3.0%), from €191,896 to €186,118
- Current portion of long-term debt -€7,832
down €7,832 (-66.3%), from €11,817 to €3,985
- Trade debts -€5,280
down €5,280 (-20.6%), from €25,655 to €20,375
- Debts after one year -€3,985
no longer reported in 2025 (was €3,985)
- Depreciation -€3,719
down €3,719 (-39.2%), from €9,497 to €5,778
- Other operating charges +€2,197
up €2,197 (+70.3%), from €3,126 to €5,323
- Gross operating margin +€466
up €466 (+3.6%), from €13,138 to €13,604
- Financial charges +€389
up €389 (+57.6%), from €677 to €1,066
- Taxes +€360
new in 2025: €360
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 | €363,081 | €347,062 | -€16,019 | -4.4% |
| Fixed assets | 21/28 | €191,896 | €186,118 | -€5,778 | -3.0% |
| Tangible fixed assets | 22/27 | €191,896 | €186,118 | -€5,778 | -3.0% |
| Land and buildings | 22 | €191,896 | €186,118 | -€5,778 | -3.0% |
| Current assets | 29/58 | €171,185 | €160,944 | -€10,241 | -6.0% |
| Amounts receivable within one year | 40/41 | €168,018 | €157,659 | -€10,359 | -6.2% |
| Other amounts receivable | 41 | €168,018 | €157,659 | -€10,359 | -6.2% |
| Cash at bank and in hand | 54/58 | €1,770 | €1,278 | -€492 | -27.8% |
| Deferred charges and accrued income | 490/1 | €1,397 | €2,007 | +€610 | +43.7% |
| Total equity and liabilities | 10/49 | €363,081 | €347,062 | -€16,019 | -4.4% |
| Equity | 10/15 | €321,625 | €322,702 | +€1,077 | +0.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,625 | €212,702 | +€1,077 | +0.5% |
| Amounts payable | 17/49 | €41,456 | €24,360 | -€17,096 | -41.2% |
| Amounts payable after more than one year | 17 | €3,985 | - | -€3,985 | |
| Financial debts | 170/4 | €3,985 | - | -€3,985 | |
| Amounts payable within one year | 42/48 | €37,471 | €24,360 | -€13,111 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €11,817 | €3,985 | -€7,832 | -66.3% |
| Trade debts | 44 | €25,655 | €20,375 | -€5,280 | -20.6% |
| Suppliers | 440/4 | €25,655 | €20,375 | -€5,280 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,497 | €5,778 | -€3,719 | -39.2% |
| Other operating charges | 640/8 | €3,126 | €5,323 | +€2,197 | +70.3% |
| Gross operating margin | 9900 | €13,138 | €13,604 | +€466 | +3.6% |
| Operating profit (loss) | 9901 | €515 | €2,503 | +€1,988 | +386.1% |
| Financial charges | 65/66B | €677 | €1,066 | +€389 | +57.6% |
| Recurring financial charges | 65 | €677 | €1,066 | +€389 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€162 | €1,437 | +€1,599 | |
| Income taxes | 67/77 | - | €360 | +€360 | |
| Profit (loss) for the period | 9904 | -€162 | €1,077 | +€1,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€162 | €1,077 | +€1,239 |
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 7 October 2026 via checked.be.