LINK SAT TELECOM: 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.
LINK SAT TELECOM
Largest movements
- Tangible fixed assets -€16,966
down €16,966 (-52.2%), from €32,506 to €15,540
of which Furniture and vehicles: -€13,521
- Cash -€10,711
down €10,711 (-88.6%), from €12,093 to €1,381
mainly Debts after one year (-€13,024) and Trade debts (-€10,520)
- Debts after one year -€13,024
down €13,024 (-49.2%), from €26,475 to €13,451
- Trade debts -€10,520
down €10,520 (-44.4%), from €23,672 to €13,152
- Profit (loss) carried forward +€4,994
up €4,994 (+12.1%), from €41,410 to €46,404
- Tax, wage and social debts -€4,961
down €4,961 (-22.6%), from €21,959 to €16,999
of which Remuneration and social security: -€8,348
- Current portion of long-term debt -€2,298
down €2,298 (-15.0%), from €15,322 to €13,024
- Staff costs +€6,900
up €6,900 (+7.5%), from €91,435 to €98,335
- Gross operating margin +€6,362
up €6,362 (+5.2%), from €123,368 to €129,730
- Taxes +€3,542
up €3,542 (+85.1%), from €4,164 to €7,705
- Depreciation -€2,950
down €2,950 (-14.8%), from €19,916 to €16,966
- Financial income +€1,515
up €1,515 (+215%), from €706 to €2,221
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 | €149,298 | €123,490 | -€25,808 | -17.3% |
| Fixed assets | 21/28 | €32,598 | €15,632 | -€16,966 | -52.0% |
| Tangible fixed assets | 22/27 | €32,506 | €15,540 | -€16,966 | -52.2% |
| Plant, machinery and equipment | 23 | €539 | €93 | -€446 | -82.7% |
| Furniture and vehicles | 24 | €28,967 | €15,447 | -€13,521 | -46.7% |
| Leasing and similar rights | 25 | €2,999 | - | -€2,999 | |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €116,700 | €107,858 | -€8,843 | -7.6% |
| Amounts receivable within one year | 40/41 | €104,552 | €105,635 | +€1,083 | +1.0% |
| Trade receivables | 40 | €77,415 | €48,385 | -€29,030 | -37.5% |
| Other amounts receivable | 41 | €27,137 | €57,250 | +€30,113 | +111% |
| Cash at bank and in hand | 54/58 | €12,093 | €1,381 | -€10,711 | -88.6% |
| Deferred charges and accrued income | 490/1 | €56 | €841 | +€785 | +1,403% |
| Total equity and liabilities | 10/49 | €149,298 | €123,490 | -€25,808 | -17.3% |
| Equity | 10/15 | €61,870 | €66,864 | +€4,994 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,410 | €46,404 | +€4,994 | +12.1% |
| Amounts payable | 17/49 | €87,428 | €56,626 | -€30,802 | -35.2% |
| Amounts payable after more than one year | 17 | €26,475 | €13,451 | -€13,024 | -49.2% |
| Financial debts | 170/4 | €26,475 | €13,451 | -€13,024 | -49.2% |
| Amounts payable within one year | 42/48 | €60,953 | €43,175 | -€17,778 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €15,322 | €13,024 | -€2,298 | -15.0% |
| Trade debts | 44 | €23,672 | €13,152 | -€10,520 | -44.4% |
| Suppliers | 440/4 | €23,672 | €13,152 | -€10,520 | -44.4% |
| Taxes, remuneration and social security | 45 | €21,959 | €16,999 | -€4,961 | -22.6% |
| Taxes | 450/3 | €6,143 | €9,530 | +€3,387 | +55.1% |
| Remuneration and social security | 454/9 | €15,816 | €7,469 | -€8,348 | -52.8% |
| Remuneration, social security and pensions | 62 | €91,435 | €98,335 | +€6,900 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,916 | €16,966 | -€2,950 | -14.8% |
| Other operating charges | 640/8 | €1,334 | €1,817 | +€483 | +36.2% |
| Gross operating margin | 9900 | €123,368 | €129,730 | +€6,362 | +5.2% |
| Operating profit (loss) | 9901 | €10,683 | €12,612 | +€1,929 | +18.1% |
| Financial income | 75/76B | €706 | €2,221 | +€1,515 | +215% |
| Recurring financial income | 75 | €706 | €2,221 | +€1,515 | +215% |
| Financial charges | 65/66B | €2,901 | €2,134 | -€767 | -26.4% |
| Recurring financial charges | 65 | €2,901 | €2,134 | -€767 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €8,488 | €12,699 | +€4,211 | +49.6% |
| Income taxes | 67/77 | €4,164 | €7,705 | +€3,542 | +85.1% |
| Profit (loss) for the period | 9904 | €4,324 | €4,994 | +€670 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,324 | €4,994 | +€670 | +15.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.