Groundlink Belgique: 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.
Groundlink Belgique
Largest movements
- Receivables within one year -€28,676
down €28,676 (-85.7%), from €33,464 to €4,788
of which Trade receivables: -€32,313
- Cash -€8,350
down €8,350 (-59.9%), from €13,949 to €5,599
mainly Net result for the year (-€164,519)
- Tangible fixed assets -€4,662
no longer reported in 2025 (was €4,662)
- Profit (loss) carried forward -€164,519
down €164,519 (-78.6%), from -€209,395 to -€373,915
- Other debts +€62,000
up €62,000 (+31.1%), from €199,155 to €261,155
- Tax, wage and social debts +€50,375
up €50,375 (+125%), from €40,394 to €90,769
of which Remuneration and social security: +€47,814
- Trade debts +€10,457
up €10,457 (+125%), from €8,371 to €18,828
- Staff costs +€96,184
up €96,184 (+29.8%), from €323,274 to €419,458
- Gross operating margin -€29,964
down €29,964 (-10.5%), from €286,432 to €256,468
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 | €57,074 | €15,387 | -€41,687 | -73.0% |
| Fixed assets | 21/28 | €9,662 | €5,000 | -€4,662 | -48.3% |
| Tangible fixed assets | 22/27 | €4,662 | - | -€4,662 | |
| Plant, machinery and equipment | 23 | €4,662 | - | -€4,662 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €47,412 | €10,387 | -€37,026 | -78.1% |
| Amounts receivable within one year | 40/41 | €33,464 | €4,788 | -€28,676 | -85.7% |
| Trade receivables | 40 | €32,313 | - | -€32,313 | |
| Other amounts receivable | 41 | €1,151 | €4,788 | +€3,636 | +316% |
| Cash at bank and in hand | 54/58 | €13,949 | €5,599 | -€8,350 | -59.9% |
| Total equity and liabilities | 10/49 | €57,074 | €15,387 | -€41,687 | -73.0% |
| Equity | 10/15 | -€190,845 | -€355,365 | -€164,519 | -86.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,395 | -€373,915 | -€164,519 | -78.6% |
| Amounts payable | 17/49 | €247,920 | €370,751 | +€122,832 | +49.5% |
| Amounts payable within one year | 42/48 | €247,920 | €370,751 | +€122,832 | +49.5% |
| Trade debts | 44 | €8,371 | €18,828 | +€10,457 | +125% |
| Suppliers | 440/4 | €8,371 | €18,828 | +€10,457 | +125% |
| Taxes, remuneration and social security | 45 | €40,394 | €90,769 | +€50,375 | +125% |
| Taxes | 450/3 | €3,405 | €5,966 | +€2,562 | +75.2% |
| Remuneration and social security | 454/9 | €36,989 | €84,803 | +€47,814 | +129% |
| Other amounts payable | 47/48 | €199,155 | €261,155 | +€62,000 | +31.1% |
| Remuneration, social security and pensions | 62 | €323,274 | €419,458 | +€96,184 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | - | -€1,200 | |
| Other operating charges | 640/8 | €741 | €1,250 | +€509 | +68.7% |
| Gross operating margin | 9900 | €286,432 | €256,468 | -€29,964 | -10.5% |
| Operating profit (loss) | 9901 | -€38,783 | -€164,240 | -€125,457 | -323% |
| Financial income | 75/76B | €0 | €162 | +€162 | +270,217% |
| Recurring financial income | 75 | €0 | €162 | +€162 | +270,217% |
| Financial charges | 65/66B | €442 | €441 | -€1 | -0.1% |
| Recurring financial charges | 65 | €442 | €441 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,225 | -€164,519 | -€125,294 | -319% |
| Profit (loss) for the period | 9904 | -€39,225 | -€164,519 | -€125,294 | -319% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,225 | -€164,519 | -€125,294 | -319% |
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 28 October 2026 via checked.be.