TELECOM VAN ASSCHE: 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.
TELECOM VAN ASSCHE
Largest movements
- Cash -€44,403
down €44,403 (-64.2%), from €69,180 to €24,777
mainly Net result for the year (-€33,036) and Tax, wage and social debts (-€12,621)
- Receivables within one year +€2,484
up €2,484 (+13.7%), from €18,083 to €20,567
of which Trade receivables: +€2,490
- Profit (loss) carried forward -€33,036
down €33,036 (-281%), from -€11,759 to -€44,796
- Trade debts +€13,903
up €13,903 (+38.6%), from €36,019 to €49,922
- Tax, wage and social debts -€12,621
down €12,621 (-38.4%), from €32,852 to €20,231
of which Remuneration and social security: -€12,337
- Other debts -€10,772
down €10,772 (-92.3%), from €11,674 to €903
- Gross operating margin +€5,832
up €5,832 (+4.3%), from €136,323 to €142,154
- Staff costs -€3,084
down €3,084 (-1.7%), from €176,463 to €173,379
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 | €88,786 | €46,260 | -€42,526 | -47.9% |
| Current assets | 29/58 | €88,786 | €46,260 | -€42,526 | -47.9% |
| Amounts receivable within one year | 40/41 | €18,083 | €20,567 | +€2,484 | +13.7% |
| Trade receivables | 40 | €18,046 | €20,536 | +€2,490 | +13.8% |
| Other amounts receivable | 41 | €37 | €31 | -€6 | -15.1% |
| Cash at bank and in hand | 54/58 | €69,180 | €24,777 | -€44,403 | -64.2% |
| Deferred charges and accrued income | 490/1 | €1,523 | €915 | -€608 | -39.9% |
| Total equity and liabilities | 10/49 | €88,786 | €46,260 | -€42,526 | -47.9% |
| Equity | 10/15 | €8,241 | -€24,796 | -€33,036 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€11,759 | -€44,796 | -€33,036 | -281% |
| Amounts payable | 17/49 | €80,545 | €71,055 | -€9,490 | -11.8% |
| Amounts payable within one year | 42/48 | €80,545 | €71,055 | -€9,490 | -11.8% |
| Trade debts | 44 | €36,019 | €49,922 | +€13,903 | +38.6% |
| Suppliers | 440/4 | €36,019 | €49,922 | +€13,903 | +38.6% |
| Taxes, remuneration and social security | 45 | €32,852 | €20,231 | -€12,621 | -38.4% |
| Taxes | 450/3 | €457 | €173 | -€284 | -62.1% |
| Remuneration and social security | 454/9 | €32,396 | €20,058 | -€12,337 | -38.1% |
| Other amounts payable | 47/48 | €11,674 | €903 | -€10,772 | -92.3% |
| Remuneration, social security and pensions | 62 | €176,463 | €173,379 | -€3,084 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €923 | €854 | -€69 | -7.5% |
| Gross operating margin | 9900 | €136,323 | €142,154 | +€5,832 | +4.3% |
| Operating profit (loss) | 9901 | -€41,064 | -€32,078 | +€8,985 | +21.9% |
| Financial income | 75/76B | €301 | €564 | +€263 | +87.3% |
| Recurring financial income | 75 | €301 | €564 | +€263 | +87.3% |
| Financial charges | 65/66B | €854 | €1,402 | +€547 | +64.1% |
| Recurring financial charges | 65 | €854 | €1,402 | +€547 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,617 | -€32,917 | +€8,700 | +20.9% |
| Income taxes | 67/77 | €166 | €120 | -€46 | -27.9% |
| Profit (loss) for the period | 9904 | -€41,783 | -€33,036 | +€8,747 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,783 | -€33,036 | +€8,747 | +20.9% |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.