IOT 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.
IOT LINK
Largest movements
- Cash -€128,533
no longer reported in 2024 (was €128,533)
mainly Investment in fixed assets (net) (-€137,194) and Net result for the year (-€136,127)
- Intangible fixed assets +€17,729
up €17,729 (+5.6%), from €313,791 to €331,519
- Tangible fixed assets +€11,677
new in 2024: €11,677
- Receivables within one year -€4,827
down €4,827 (-48.1%), from €10,030 to €5,203
- Profit (loss) carried forward -€136,127
down €136,127 (-93.8%), from -€145,053 to -€281,180
- Short-term financial debts +€87,123
new in 2024: €87,123
- Other debts -€58,710
down €58,710 (-16.4%), from €357,075 to €298,365
- Depreciation +€37,093
up €37,093 (+52.5%), from €70,695 to €107,788
- Financial charges +€10,094
up €10,094 (+3992.3%), from €253 to €10,347
- Gross operating margin -€4,212
down €4,212 (-40.2%), from -€10,479 to -€14,690
- Other operating charges +€2,938
up €2,938 (+764.2%), from €384 to €3,322
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 | €452,354 | €348,399 | -€103,954 | -23.0% |
| Fixed assets | 21/28 | €313,791 | €343,197 | +€29,406 | +9.4% |
| Intangible fixed assets | 21 | €313,791 | €331,519 | +€17,729 | +5.6% |
| Tangible fixed assets | 22/27 | - | €11,677 | +€11,677 | |
| Plant, machinery and equipment | 23 | - | €11,677 | +€11,677 | |
| Current assets | 29/58 | €138,563 | €5,203 | -€133,361 | -96.2% |
| Amounts receivable within one year | 40/41 | €10,030 | €5,203 | -€4,827 | -48.1% |
| Other amounts receivable | 41 | €10,030 | €5,203 | -€4,827 | -48.1% |
| Cash at bank and in hand | 54/58 | €128,533 | - | -€128,533 | |
| Total equity and liabilities | 10/49 | €452,354 | €348,399 | -€103,954 | -23.0% |
| Equity | 10/15 | €79,947 | -€56,180 | -€136,127 | |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,053 | -€281,180 | -€136,127 | -93.8% |
| Amounts payable | 17/49 | €372,407 | €404,579 | +€32,172 | +8.6% |
| Amounts payable within one year | 42/48 | €372,407 | €402,592 | +€30,184 | +8.1% |
| Financial debts | 43 | - | €87,123 | +€87,123 | |
| Credit institutions | 430/8 | - | €87,123 | +€87,123 | |
| Trade debts | 44 | €15,332 | €17,103 | +€1,771 | +11.5% |
| Suppliers | 440/4 | €15,332 | €17,103 | +€1,771 | +11.5% |
| Other amounts payable | 47/48 | €357,075 | €298,365 | -€58,710 | -16.4% |
| Accrued charges and deferred income | 492/3 | - | €1,988 | +€1,988 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,695 | €107,788 | +€37,093 | +52.5% |
| Other operating charges | 640/8 | €384 | €3,322 | +€2,938 | +764.2% |
| Gross operating margin | 9900 | -€10,479 | -€14,690 | -€4,212 | -40.2% |
| Operating profit (loss) | 9901 | -€81,558 | -€125,800 | -€44,243 | -54.2% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €253 | €10,347 | +€10,094 | +3992.3% |
| Recurring financial charges | 65 | €253 | €10,347 | +€10,094 | +3992.3% |
| Profit (loss) for the period before taxes | 9903 | -€81,810 | -€136,127 | -€54,316 | -66.4% |
| Profit (loss) for the period | 9904 | -€81,810 | -€136,127 | -€54,316 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,810 | -€136,127 | -€54,316 | -66.4% |
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.