TelKom: 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.
TelKom
Largest movements
- Receivables within one year +€43,617
up €43,617 (+14.3%), from €304,760 to €348,377
of which Other amounts receivable: +€58,721
- Cash +€9,355
new in 2025: €9,355
mainly Net result for the year (+€71,500) and Trade debts (+€12,194)
- Reserves +€71,500
up €71,500 (+35.2%), from €203,384 to €274,884
- Short-term financial debts -€33,286
no longer reported in 2025 (was €33,286)
- Trade debts +€12,194
up €12,194 (+599%), from €2,037 to €14,231
- Gross operating margin +€22,867
up €22,867 (+32.9%), from €69,607 to €92,474
- Taxes +€7,512
up €7,512 (+33.4%), from €22,511 to €30,023
- Financial income +€3,830
up €3,830 (+34.5%), from €11,095 to €14,925
- Depreciation +€1,631
up €1,631 (+98.5%), from €1,656 to €3,287
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 | €328,067 | €377,864 | +€49,797 | +15.2% |
| Fixed assets | 21/28 | €21,541 | €18,254 | -€3,287 | -15.3% |
| Tangible fixed assets | 22/27 | €19,791 | €16,504 | -€3,287 | -16.6% |
| Plant, machinery and equipment | 23 | €15,447 | €13,121 | -€2,327 | -15.1% |
| Furniture and vehicles | 24 | €4,344 | €3,383 | -€961 | -22.1% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €306,526 | €359,610 | +€53,085 | +17.3% |
| Amounts receivable within one year | 40/41 | €304,760 | €348,377 | +€43,617 | +14.3% |
| Trade receivables | 40 | €46,345 | €31,241 | -€15,104 | -32.6% |
| Other amounts receivable | 41 | €258,415 | €317,136 | +€58,721 | +22.7% |
| Cash at bank and in hand | 54/58 | - | €9,355 | +€9,355 | |
| Deferred charges and accrued income | 490/1 | €1,765 | €1,878 | +€113 | +6.4% |
| Total equity and liabilities | 10/49 | €328,067 | €377,864 | +€49,797 | +15.2% |
| Equity | 10/15 | €258,641 | €330,142 | +€71,500 | +27.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,384 | €274,884 | +€71,500 | +35.2% |
| Distributable reserves | 133 | €203,384 | €274,884 | +€71,500 | +35.2% |
| Profit (loss) carried forward | 14 | €49,058 | €49,058 | = | 0.0% |
| Amounts payable | 17/49 | €69,426 | €47,722 | -€21,703 | -31.3% |
| Amounts payable within one year | 42/48 | €69,426 | €47,722 | -€21,703 | -31.3% |
| Financial debts | 43 | €33,286 | - | -€33,286 | |
| Credit institutions | 430/8 | €33,286 | - | -€33,286 | |
| Trade debts | 44 | €2,037 | €14,231 | +€12,194 | +599% |
| Suppliers | 440/4 | €2,037 | €14,231 | +€12,194 | +599% |
| Taxes, remuneration and social security | 45 | €34,103 | €33,491 | -€612 | -1.8% |
| Taxes | 450/3 | €34,103 | €33,491 | -€612 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,656 | €3,287 | +€1,631 | +98.5% |
| Other operating charges | 640/8 | €323 | €538 | +€214 | +66.2% |
| Gross operating margin | 9900 | €69,607 | €92,474 | +€22,867 | +32.9% |
| Operating profit (loss) | 9901 | €67,627 | €88,649 | +€21,021 | +31.1% |
| Financial income | 75/76B | €11,095 | €14,925 | +€3,830 | +34.5% |
| Recurring financial income | 75 | €11,095 | €14,925 | +€3,830 | +34.5% |
| Financial charges | 65/66B | €1,357 | €2,050 | +€692 | +51.0% |
| Recurring financial charges | 65 | €1,357 | €2,050 | +€692 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €77,365 | €101,524 | +€24,159 | +31.2% |
| Income taxes | 67/77 | €22,511 | €30,023 | +€7,512 | +33.4% |
| Profit (loss) for the period | 9904 | €54,854 | €71,500 | +€16,646 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,854 | €71,500 | +€16,646 | +30.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.