TELECOM SOLUTION: 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 SOLUTION
Largest movements
- Receivables within one year +€2,222
up €2,222 (+878.8%), from €253 to €2,475
of which Trade receivables: +€2,222
- Cash +€843
up €843 (+11.4%), from €7,426 to €8,270
mainly Trade debts (+€3,141) and Depreciation (+€698)
- Tangible fixed assets -€698
down €698 (-52.9%), from €1,320 to €622
- Trade debts +€3,141
up €3,141 (+80.2%), from €3,917 to €7,058
- Advances received -€700
down €700 (-22.5%), from €3,113 to €2,413
- Gross operating margin -€756
down €756 (-53.7%), from €1,409 to €653
- Other operating charges -€376
down €376 (-93.0%), from €404 to €28
- Depreciation -€217
down €217 (-23.7%), from €915 to €698
- Taxes -€29
no longer reported in 2025 (was €29)
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 | €8,999 | €11,366 | +€2,367 | +26.3% |
| Fixed assets | 21/28 | €1,320 | €622 | -€698 | -52.9% |
| Tangible fixed assets | 22/27 | €1,320 | €622 | -€698 | -52.9% |
| Plant, machinery and equipment | 23 | €1,320 | €622 | -€698 | -52.9% |
| Current assets | 29/58 | €7,679 | €10,745 | +€3,065 | +39.9% |
| Amounts receivable within one year | 40/41 | €253 | €2,475 | +€2,222 | +878.8% |
| Trade receivables | 40 | €204 | €2,426 | +€2,222 | +1089.2% |
| Other amounts receivable | 41 | €49 | €49 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,426 | €8,270 | +€843 | +11.4% |
| Total equity and liabilities | 10/49 | €8,999 | €11,366 | +€2,367 | +26.3% |
| Equity | 10/15 | €971 | €898 | -€74 | -7.6% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Capital | 10 | €21,071 | €21,071 | = | 0.0% |
| Issued capital | 100 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €2,107 | €2,107 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Legal reserve | 130 | €2,107 | €2,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,207 | -€22,280 | -€74 | -0.3% |
| Amounts payable | 17/49 | €8,027 | €10,469 | +€2,441 | +30.4% |
| Amounts payable within one year | 42/48 | €8,027 | €10,469 | +€2,441 | +30.4% |
| Trade debts | 44 | €3,917 | €7,058 | +€3,141 | +80.2% |
| Suppliers | 440/4 | €3,917 | €7,058 | +€3,141 | +80.2% |
| Advances received on contracts in progress | 46 | €3,113 | €2,413 | -€700 | -22.5% |
| Taxes, remuneration and social security | 45 | €493 | €493 | = | 0.0% |
| Taxes | 450/3 | €493 | €493 | = | 0.0% |
| Other amounts payable | 47/48 | €505 | €505 | = | 0.0% |
| Non-recurring operating income | 76A | €54 | €89 | +€35 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €915 | €698 | -€217 | -23.7% |
| Other operating charges | 640/8 | €404 | €28 | -€376 | -93.0% |
| Gross operating margin | 9900 | €1,409 | €653 | -€756 | -53.7% |
| Operating profit (loss) | 9901 | €89 | -€74 | -€163 | |
| Profit (loss) for the period before taxes | 9903 | €89 | -€74 | -€163 | |
| Income taxes | 67/77 | €29 | - | -€29 | |
| Profit (loss) for the period | 9904 | €61 | -€74 | -€134 | |
| Profit (loss) for the period to be appropriated | 9905 | €61 | -€74 | -€134 |
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 1 October 2026 via checked.be.