Layer 9 Networks: 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.
Layer 9 Networks
Largest movements
- Cash -€26,585
down €26,585 (-10.9%), from €243,403 to €216,818
mainly Other debts (-€98,255) and Investment in fixed assets (net) (-€18,537)
- Intangible fixed assets -€23,705
down €23,705 (-41.0%), from €57,877 to €34,171
- Current investments +€16,783
up €16,783 (+44.6%), from €37,630 to €54,412
- Receivables within one year +€11,353
up €11,353 (+13.4%), from €84,559 to €95,912
of which Trade receivables: +€27,711
- Other debts -€98,255
down €98,255 (-58.6%), from €167,729 to €69,474
- Reserves +€87,291
up €87,291 (+49.4%), from €176,698 to €263,990
- Gross operating margin -€70,401
down €70,401 (-15.9%), from €441,766 to €371,366
- Staff costs -€15,070
down €15,070 (-6.6%), from €228,238 to €213,168
- Taxes -€11,961
down €11,961 (-29.9%), from €40,030 to €28,068
- Depreciation -€6,799
down €6,799 (-14.8%), from €46,055 to €39,256
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.
Cash bridge derived
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 | €456,775 | €436,950 | -€19,825 | -4.3% |
| Fixed assets | 21/28 | €83,324 | €62,606 | -€20,719 | -24.9% |
| Intangible fixed assets | 21 | €57,877 | €34,171 | -€23,705 | -41.0% |
| Tangible fixed assets | 22/27 | €25,448 | €28,434 | +€2,987 | +11.7% |
| Plant, machinery and equipment | 23 | €733 | €3,414 | +€2,682 | +366.1% |
| Furniture and vehicles | 24 | €24,715 | €25,020 | +€305 | +1.2% |
| Current assets | 29/58 | €373,451 | €374,345 | +€894 | +0.2% |
| Amounts receivable within one year | 40/41 | €84,559 | €95,912 | +€11,353 | +13.4% |
| Trade receivables | 40 | €68,155 | €95,866 | +€27,711 | +40.7% |
| Other amounts receivable | 41 | €16,404 | €46 | -€16,358 | -99.7% |
| Current investments | 50/53 | €37,630 | €54,412 | +€16,783 | +44.6% |
| Cash at bank and in hand | 54/58 | €243,403 | €216,818 | -€26,585 | -10.9% |
| Deferred charges and accrued income | 490/1 | €7,859 | €7,202 | -€657 | -8.4% |
| Total equity and liabilities | 10/49 | €456,775 | €436,950 | -€19,825 | -4.3% |
| Equity | 10/15 | €195,298 | €282,590 | +€87,291 | +44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,698 | €263,990 | +€87,291 | +49.4% |
| Distributable reserves | 133 | €176,698 | €263,990 | +€87,291 | +49.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €261,477 | €154,360 | -€107,116 | -41.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €249,296 | €143,555 | -€105,741 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €3,144 | €0 | -€3,144 | -100.0% |
| Financial debts | 43 | €2,177 | €1,191 | -€986 | -45.3% |
| Credit institutions | 430/8 | €2,177 | €1,191 | -€986 | -45.3% |
| Trade debts | 44 | €14,116 | €11,151 | -€2,965 | -21.0% |
| Suppliers | 440/4 | €14,116 | €11,151 | -€2,965 | -21.0% |
| Taxes, remuneration and social security | 45 | €62,131 | €61,740 | -€391 | -0.6% |
| Taxes | 450/3 | €34,776 | €46,794 | +€12,018 | +34.6% |
| Remuneration and social security | 454/9 | €27,355 | €14,946 | -€12,409 | -45.4% |
| Other amounts payable | 47/48 | €167,729 | €69,474 | -€98,255 | -58.6% |
| Accrued charges and deferred income | 492/3 | €12,181 | €10,805 | -€1,375 | -11.3% |
| Non-recurring operating income | 76A | - | €18,275 | +€18,275 | |
| Remuneration, social security and pensions | 62 | €228,238 | €213,168 | -€15,070 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,055 | €39,256 | -€6,799 | -14.8% |
| Other operating charges | 640/8 | €2,306 | €2,241 | -€65 | -2.8% |
| Gross operating margin | 9900 | €441,766 | €371,366 | -€70,401 | -15.9% |
| Operating profit (loss) | 9901 | €165,167 | €116,701 | -€48,466 | -29.3% |
| Financial income | 75/76B | €116 | €404 | +€288 | +249.4% |
| Recurring financial income | 75 | €116 | €404 | +€288 | +249.4% |
| Financial charges | 65/66B | €2,659 | €1,745 | -€914 | -34.4% |
| Recurring financial charges | 65 | €2,659 | €1,745 | -€914 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €162,623 | €115,360 | -€47,264 | -29.1% |
| Income taxes | 67/77 | €40,030 | €28,068 | -€11,961 | -29.9% |
| Profit (loss) for the period | 9904 | €122,594 | €87,291 | -€35,302 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,594 | €87,291 | -€35,302 | -28.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.