Telenatie: 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.
Telenatie
Largest movements
- Cash +€10,385
up €10,385 (+162%), from €6,406 to €16,791
mainly Other debts (+€29,691) and Depreciation (+€7,850)
- Receivables within one year +€8,660
up €8,660 (+17.8%), from €48,610 to €57,269
of which Trade receivables: +€4,945
- Deferred charges and accrued income +€3,658
up €3,658 (+460%), from €795 to €4,453
- Other debts +€29,691
up €29,691 (+67.6%), from €43,938 to €73,629
- Trade debts -€8,538
down €8,538 (-42.1%), from €20,295 to €11,757
- Debts after one year -€4,140
no longer reported in 2025 (was €4,140)
- Current portion of long-term debt +€4,140
up €4,140 (+102%), from €4,069 to €8,209
- Tax, wage and social debts +€1,584
up €1,584 (+175%), from €907 to €2,491
- Gross operating margin +€6,649
up €6,649 (+277%), from €2,399 to €9,048
- Depreciation +€2,113
up €2,113 (+36.8%), from €5,736 to €7,850
- Other operating charges -€1,875
down €1,875 (-69.7%), from €2,691 to €816
- Staff costs +€323
no longer reported in 2025 (was -€323)
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 | €87,651 | €109,893 | +€22,242 | +25.4% |
| Formation expenses | 20 | €696 | €354 | -€342 | -49.1% |
| Fixed assets | 21/28 | €30,123 | €30,004 | -€119 | -0.4% |
| Tangible fixed assets | 22/27 | €26,683 | €26,564 | -€119 | -0.4% |
| Plant, machinery and equipment | 23 | €4,782 | €4,297 | -€485 | -10.1% |
| Furniture and vehicles | 24 | €3,994 | €6,411 | +€2,418 | +60.5% |
| Other tangible fixed assets | 26 | €17,908 | €15,856 | -€2,052 | -11.5% |
| Financial fixed assets | 28 | €3,440 | €3,440 | = | 0.0% |
| Current assets | 29/58 | €56,832 | €79,535 | +€22,703 | +39.9% |
| Stocks and contracts in progress | 3 | €1,022 | €1,022 | = | 0.0% |
| Stocks | 30/36 | €1,022 | €1,022 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,610 | €57,269 | +€8,660 | +17.8% |
| Trade receivables | 40 | €42,648 | €47,593 | +€4,945 | +11.6% |
| Other amounts receivable | 41 | €5,962 | €9,677 | +€3,715 | +62.3% |
| Cash at bank and in hand | 54/58 | €6,406 | €16,791 | +€10,385 | +162% |
| Deferred charges and accrued income | 490/1 | €795 | €4,453 | +€3,658 | +460% |
| Total equity and liabilities | 10/49 | €87,651 | €109,893 | +€22,242 | +25.4% |
| Equity | 10/15 | €13,788 | €13,663 | -€125 | -0.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,212 | -€6,337 | -€125 | -2.0% |
| Amounts payable | 17/49 | €73,863 | €96,230 | +€22,367 | +30.3% |
| Amounts payable after more than one year | 17 | €4,140 | - | -€4,140 | |
| Financial debts | 170/4 | €4,140 | - | -€4,140 | |
| Amounts payable within one year | 42/48 | €69,723 | €96,087 | +€26,363 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €4,069 | €8,209 | +€4,140 | +102% |
| Financial debts | 43 | €514 | - | -€514 | |
| Credit institutions | 430/8 | €514 | - | -€514 | |
| Trade debts | 44 | €20,295 | €11,757 | -€8,538 | -42.1% |
| Suppliers | 440/4 | €20,295 | €11,757 | -€8,538 | -42.1% |
| Taxes, remuneration and social security | 45 | €907 | €2,491 | +€1,584 | +175% |
| Taxes | 450/3 | €907 | €2,491 | +€1,584 | +175% |
| Other amounts payable | 47/48 | €43,938 | €73,629 | +€29,691 | +67.6% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Remuneration, social security and pensions | 62 | -€323 | - | +€323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,736 | €7,850 | +€2,113 | +36.8% |
| Other operating charges | 640/8 | €2,691 | €816 | -€1,875 | -69.7% |
| Gross operating margin | 9900 | €2,399 | €9,048 | +€6,649 | +277% |
| Operating profit (loss) | 9901 | -€5,706 | €382 | +€6,088 | |
| Financial income | 75/76B | €76 | €18 | -€57 | -75.6% |
| Recurring financial income | 75 | €76 | €18 | -€57 | -75.6% |
| Financial charges | 65/66B | €596 | €526 | -€70 | -11.8% |
| Recurring financial charges | 65 | €596 | €526 | -€70 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,226 | -€125 | +€6,101 | +98.0% |
| Profit (loss) for the period | 9904 | -€6,226 | -€125 | +€6,101 | +98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,226 | -€125 | +€6,101 | +98.0% |
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 24 October 2026 via checked.be.