EUROLINK-S: 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.
EUROLINK-S
Largest movements
- Receivables within one year -€142,182
down €142,182 (-79.5%), from €178,897 to €36,715
of which Trade receivables: -€142,182
- Cash +€44,455
up €44,455 (+25.9%), from €171,724 to €216,179
mainly Receivables within one year (+€142,182) and Net result for the year (+€9,969)
- Trade debts -€86,082
down €86,082 (-64.5%), from €133,401 to €47,319
- Tax, wage and social debts -€17,364
down €17,364 (-37.5%), from €46,283 to €28,919
- Reserves +€9,969
up €9,969 (+7.0%), from €141,465 to €151,433
of which Distributable reserves: +€9,969
- Other debts -€4,084
down €4,084 (-32.5%), from €12,551 to €8,467
- Gross operating margin +€25,230
up €25,230, from -€12,650 to €12,581
- Other operating charges +€547
up €547 (+47.0%), from €1,164 to €1,711
- Taxes +€511
up €511 (+177%), from €289 to €800
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 | €352,300 | €254,739 | -€97,561 | -27.7% |
| Current assets | 29/58 | €352,300 | €254,739 | -€97,561 | -27.7% |
| Amounts receivable within one year | 40/41 | €178,897 | €36,715 | -€142,182 | -79.5% |
| Trade receivables | 40 | €163,897 | €21,715 | -€142,182 | -86.8% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €171,724 | €216,179 | +€44,455 | +25.9% |
| Deferred charges and accrued income | 490/1 | €1,679 | €1,845 | +€167 | +9.9% |
| Total equity and liabilities | 10/49 | €352,300 | €254,739 | -€97,561 | -27.7% |
| Equity | 10/15 | €160,065 | €170,033 | +€9,969 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,465 | €151,433 | +€9,969 | +7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €139,605 | €149,573 | +€9,969 | +7.1% |
| Amounts payable | 17/49 | €192,235 | €84,706 | -€107,530 | -55.9% |
| Amounts payable within one year | 42/48 | €192,235 | €84,706 | -€107,530 | -55.9% |
| Trade debts | 44 | €133,401 | €47,319 | -€86,082 | -64.5% |
| Suppliers | 440/4 | €133,401 | €47,319 | -€86,082 | -64.5% |
| Taxes, remuneration and social security | 45 | €46,283 | €28,919 | -€17,364 | -37.5% |
| Taxes | 450/3 | €46,283 | €28,919 | -€17,364 | -37.5% |
| Other amounts payable | 47/48 | €12,551 | €8,467 | -€4,084 | -32.5% |
| Other operating charges | 640/8 | €1,164 | €1,711 | +€547 | +47.0% |
| Gross operating margin | 9900 | -€12,650 | €12,581 | +€25,230 | |
| Operating profit (loss) | 9901 | -€13,813 | €10,870 | +€24,683 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €180 | €101 | -€78 | -43.5% |
| Recurring financial charges | 65 | €180 | €101 | -€78 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,993 | €10,768 | +€24,761 | |
| Income taxes | 67/77 | €289 | €800 | +€511 | +177% |
| Profit (loss) for the period | 9904 | -€14,282 | €9,969 | +€24,251 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,282 | €9,969 | +€24,251 |
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 27 October 2026 via checked.be.