GLOBAL LINK: 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.
GLOBAL LINK
Largest movements
- Receivables after one year +€1.4m
up €1.4m (+25.6%), from €5.4m to €6.8m
- Current investments -€1.0m
down €1.0m (-40.0%), from €2.5m to €1.5m
- Financial fixed assets -€495,668
down €495,668 (-35.4%), from €1.4m to €904,941
- Cash -€179,253
down €179,253 (-29.7%), from €604,116 to €424,863
mainly Receivables after one year (-€1.4m) and Accrued charges and deferred income (-€101,794)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€237,663
up €237,663 (+26594.3%), from €894 to €238,556
of which Financial charges: +€201,995
- Financial income +€135,493
up €135,493 (+435.1%), from €31,141 to €166,634
- Gross operating margin +€49,336
up €49,336 (+75.4%), from -€65,439 to -€16,103
- Purchases and services -€49,336
down €49,336 (-75.4%), from €65,439 to €16,103
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,399,270 | €10,112,849 | -€286,421 | -2.8% |
| Fixed assets | 21/28 | €1,400,609 | €904,941 | -€495,668 | -35.4% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,400,609 | €904,941 | -€495,668 | -35.4% |
| Current assets | 29/58 | €8,998,661 | €9,207,907 | +€209,247 | +2.3% |
| Amounts receivable after more than one year | 29 | €5,428,513 | €6,817,013 | +€1.4m | +25.6% |
| Other amounts receivable | 291 | €5,428,513 | €6,817,013 | +€1.4m | +25.6% |
| Current investments | 50/53 | €2,500,000 | €1,500,000 | -€1.0m | -40.0% |
| Cash at bank and in hand | 54/58 | €604,116 | €424,863 | -€179,253 | -29.7% |
| Deferred charges and accrued income | 490/1 | €466,032 | €466,032 | = | 0.0% |
| Total equity and liabilities | 10/49 | €10,399,270 | €10,112,849 | -€286,421 | -2.8% |
| Equity | 10/15 | €3,694,450 | €3,605,457 | -€88,992 | -2.4% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €250,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250,000 | €250,000 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €944,450 | €855,457 | -€88,992 | -9.4% |
| Amounts payable | 17/49 | €6,704,820 | €6,507,391 | -€197,429 | -2.9% |
| Amounts payable within one year | 42/48 | €6,585,526 | €6,489,891 | -€95,635 | -1.5% |
| Financial debts | 43 | - | €48 | +€48 | |
| Credit institutions | 430/8 | - | €48 | +€48 | |
| Trade debts | 44 | €4,050 | €8,366 | +€4,317 | +106.6% |
| Suppliers | 440/4 | €4,050 | €8,366 | +€4,317 | +106.6% |
| Other amounts payable | 47/48 | €6,581,477 | €6,481,477 | -€100,000 | -1.5% |
| Accrued charges and deferred income | 492/3 | €119,294 | €17,500 | -€101,794 | -85.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €65,439 | €16,103 | -€49,336 | -75.4% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€65,439 | -€16,103 | +€49,336 | +75.4% |
| Operating profit (loss) | 9901 | -€66,399 | -€17,070 | +€49,328 | +74.3% |
| Financial income | 75/76B | €31,141 | €166,634 | +€135,493 | +435.1% |
| Recurring financial income | 75 | €31,141 | €166,634 | +€135,493 | +435.1% |
| Financial charges | 65/66B | €894 | €238,556 | +€237,663 | +26594.3% |
| Recurring financial charges | 65 | €894 | €202,888 | +€201,995 | +22603.1% |
| Non-recurring financial charges | 66B | - | €35,668 | +€35,668 | |
| Profit (loss) for the period before taxes | 9903 | -€36,151 | -€88,992 | -€52,841 | -146.2% |
| Profit (loss) for the period | 9904 | -€36,151 | -€88,992 | -€52,841 | -146.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,151 | -€88,992 | -€52,841 | -146.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.