MARLINK: 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.
What changed
MARLINK
NACE 61.100, Wired, wireless and satellite telecommunications
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2023 · €1.6m+€239,453
Equity
€16.4m
2023 · €16.1m+€359,664
Cash
€136,647
2023 · €104+€136,543
Balance sheet total
€39.3m
2023 · €28.8m+€10.5m
Largest movements
Assets
- Receivables within one year +€10.2m
up €10.2m (+51.8%), from €19.7m to €29.9m
of which Other amounts receivable: +€13.0m
Equity and liabilities
- Other debts +€13.9m
up €13.9m (+291.9%), from €4.8m to €18.7m
- Trade debts -€3.7m
down €3.7m (-65.6%), from €5.6m to €1.9m
of which Suppliers: -€3.7m
Income statement
- Financial income +€2.1m
up €2.1m (+145.5%), from €1.5m to €3.6m
- Gross operating margin -€1.8m
down €1.8m (-50.1%), from €3.7m to €1.8m
- Write-downs +€460,792
up €460,792 (+67.1%), from -€686,720 to -€225,928
- Other operating charges -€366,379
down €366,379 (-50.0%), from €732,893 to €366,514
- Staff costs +€149,491
up €149,491 (+5.7%), from €2.6m to €2.8m
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.
Result 2023
€1.6m
Gross operating margin
-€1.8m
Staff costs
-€149,491
Depreciation
+€42,748
Write-downs
-€460,792
Other operating charges
+€366,379
Other operating items
+€12,852
Financial income
+€2.1m
Financial charges
+€101,875
Taxes
+€29,414
Result 2024
€1.8m
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.
From operations
+€1.4m
Investment
-€16,247
Financing
-€1.3m
Cash 2023
€104
From operations (derived)
+€1.4m
Net result for the year
+€1.8m
Depreciation
+€14,517
Receivables within one year
-€10.2m
Deferred charges and accrued income
-€127,246
Trade debts
-€3.7m
Tax, wage and social debts
-€315,353
Other debts
+€13.9m
Accrued charges and deferred income
+€93,786
Investment (derived)
-€16,247
Investment in fixed assets (net)
-€16,247
Financing
-€1.3m
Debts after one year
+€149,902
Contributions, distributions and other
-€1.4m
Cash 2024
€136,647
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,781,015 | €39,264,619 | +€10.5m | +36.4% |
| Fixed assets | 21/28 | €8,874,412 | €8,876,142 | +€1,730 | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €18,636 | €4,317 | -€14,320 | -76.8% |
| Furniture and vehicles | 24 | €11,140 | €4,317 | -€6,823 | -61.3% |
| Other tangible fixed assets | 26 | €7,497 | - | -€7,497 | |
| Financial fixed assets | 28 | €8,855,775 | €8,871,825 | +€16,050 | +0.2% |
| Current assets | 29/58 | €19,906,603 | €30,388,477 | +€10.5m | +52.7% |
| Amounts receivable within one year | 40/41 | €19,721,792 | €29,939,876 | +€10.2m | +51.8% |
| Trade receivables | 40 | €4,235,672 | €1,493,988 | -€2.7m | -64.7% |
| Other amounts receivable | 41 | €15,486,120 | €28,445,889 | +€13.0m | +83.7% |
| Cash at bank and in hand | 54/58 | €104 | €136,647 | +€136,543 | +130963.8% |
| Deferred charges and accrued income | 490/1 | €184,707 | €311,954 | +€127,246 | +68.9% |
| Total equity and liabilities | 10/49 | €28,781,015 | €39,264,619 | +€10.5m | +36.4% |
| Equity | 10/15 | €16,050,126 | €16,409,790 | +€359,664 | +2.2% |
| Contributions | 10/11 | €13,982,905 | €13,982,905 | = | 0.0% |
| Capital | 10 | €8,400,000 | €8,400,000 | = | 0.0% |
| Issued capital | 100 | €8,400,000 | €8,400,000 | = | 0.0% |
| Outside capital | 11 | €5,582,905 | €5,582,905 | = | 0.0% |
| Share premium | 1100/10 | €5,582,905 | €5,582,905 | = | 0.0% |
| Reserves | 13 | €530,690 | €620,623 | +€89,933 | +16.9% |
| Non-distributable reserves | 130/1 | €530,690 | €620,623 | +€89,933 | +16.9% |
| Legal reserve | 130 | €530,690 | €620,623 | +€89,933 | +16.9% |
| Profit (loss) carried forward | 14 | €1,536,531 | €1,806,262 | +€269,731 | +17.6% |
| Amounts payable | 17/49 | €12,730,889 | €22,854,829 | +€10.1m | +79.5% |
| Amounts payable after more than one year | 17 | €621,133 | €771,035 | +€149,902 | +24.1% |
| Other amounts payable | 178/9 | €621,133 | €771,035 | +€149,902 | +24.1% |
| Amounts payable within one year | 42/48 | €11,382,776 | €21,263,027 | +€9.9m | +86.8% |
| Trade debts | 44 | €5,649,209 | €1,941,065 | -€3.7m | -65.6% |
| Suppliers | 440/4 | €5,649,209 | €1,941,065 | -€3.7m | -65.6% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €971,017 | €655,664 | -€315,353 | -32.5% |
| Taxes | 450/3 | €305,906 | €6,292 | -€299,614 | -97.9% |
| Remuneration and social security | 454/9 | €665,111 | €649,372 | -€15,739 | -2.4% |
| Other amounts payable | 47/48 | €4,762,551 | €18,666,299 | +€13.9m | +291.9% |
| Accrued charges and deferred income | 492/3 | €726,980 | €820,766 | +€93,786 | +12.9% |
| Remuneration, social security and pensions | 62 | €2,616,457 | €2,765,948 | +€149,491 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,265 | €14,517 | -€42,748 | -74.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€686,720 | -€225,928 | +€460,792 | +67.1% |
| Other operating charges | 640/8 | €732,893 | €366,514 | -€366,379 | -50.0% |
| Non-recurring operating charges | 66A | €12,852 | - | -€12,852 | |
| Gross operating margin | 9900 | €3,661,092 | €1,826,891 | -€1.8m | -50.1% |
| Operating profit (loss) | 9901 | €928,345 | -€1,094,161 | -€2.0m | |
| Financial income | 75/76B | €1,464,605 | €3,595,275 | +€2.1m | +145.5% |
| Recurring financial income | 75 | €1,464,605 | €3,595,275 | +€2.1m | +145.5% |
| Financial charges | 65/66B | €560,862 | €458,987 | -€101,875 | -18.2% |
| Recurring financial charges | 65 | €560,862 | €458,987 | -€101,875 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €1,832,088 | €2,042,127 | +€210,039 | +11.5% |
| Income taxes | 67/77 | €272,877 | €243,463 | -€29,414 | -10.8% |
| Profit (loss) for the period | 9904 | €1,559,211 | €1,798,664 | +€239,453 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,559,211 | €1,798,664 | +€239,453 | +15.4% |
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 3 October 2026 via checked.be.