Netlink.be: 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.
Netlink.be
Largest movements
- Stocks and contracts +€276,693
up €276,693 (+233.9%), from €118,316 to €395,009
of which Contracts in progress: +€270,000
- Receivables within one year -€145,490
down €145,490 (-16.7%), from €873,409 to €727,919
of which Trade receivables: -€202,174
- Cash -€75,412
down €75,412 (-39.4%), from €191,465 to €116,053
mainly Stocks and contracts (-€276,693) and Trade debts (-€33,886)
- Intangible fixed assets -€47,423
down €47,423 (-10.0%), from €474,806 to €427,383
- Trade debts -€33,886
down €33,886 (-5.5%), from €616,978 to €583,092
- Debts after one year +€19,541
up €19,541 (+2.9%), from €685,383 to €704,924
- Staff costs +€344,153
up €344,153 (+87.8%), from €392,138 to €736,291
- Gross operating margin +€341,646
up €341,646 (+60.0%), from €569,829 to €911,475
- Depreciation +€44,906
up €44,906 (+98.3%), from €45,687 to €90,593
- Financial charges +€28,148
up €28,148 (+63.9%), from €44,055 to €72,203
- Taxes -€19,400
down €19,400 (-77.6%), from €24,998 to €5,598
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 | €1,766,287 | €1,758,247 | -€8,041 | -0.5% |
| Fixed assets | 21/28 | €583,097 | €519,265 | -€63,832 | -10.9% |
| Intangible fixed assets | 21 | €474,806 | €427,383 | -€47,423 | -10.0% |
| Tangible fixed assets | 22/27 | €96,791 | €80,382 | -€16,409 | -17.0% |
| Plant, machinery and equipment | 23 | €79,118 | €71,247 | -€7,871 | -9.9% |
| Furniture and vehicles | 24 | €17,673 | €9,135 | -€8,539 | -48.3% |
| Financial fixed assets | 28 | €11,500 | €11,500 | = | 0.0% |
| Current assets | 29/58 | €1,183,190 | €1,238,982 | +€55,792 | +4.7% |
| Stocks and contracts in progress | 3 | €118,316 | €395,009 | +€276,693 | +233.9% |
| Stocks | 30/36 | €118,316 | €125,009 | +€6,693 | +5.7% |
| Contracts in progress | 37 | - | €270,000 | +€270,000 | |
| Amounts receivable within one year | 40/41 | €873,409 | €727,919 | -€145,490 | -16.7% |
| Trade receivables | 40 | €830,364 | €628,190 | -€202,174 | -24.3% |
| Other amounts receivable | 41 | €43,045 | €99,729 | +€56,684 | +131.7% |
| Cash at bank and in hand | 54/58 | €191,465 | €116,053 | -€75,412 | -39.4% |
| Total equity and liabilities | 10/49 | €1,766,287 | €1,758,247 | -€8,041 | -0.5% |
| Equity | 10/15 | €86,793 | €79,880 | -€6,912 | -8.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €61,500 | €54,500 | -€7,000 | -11.4% |
| Distributable reserves | 133 | €61,500 | €54,500 | -€7,000 | -11.4% |
| Profit (loss) carried forward | 14 | €293 | €380 | +€88 | +29.9% |
| Amounts payable | 17/49 | €1,679,495 | €1,678,366 | -€1,128 | -0.1% |
| Amounts payable after more than one year | 17 | €685,383 | €704,924 | +€19,541 | +2.9% |
| Financial debts | 170/4 | €685,383 | €704,924 | +€19,541 | +2.9% |
| Amounts payable within one year | 42/48 | €990,404 | €965,578 | -€24,826 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €77,225 | €80,459 | +€3,234 | +4.2% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €616,978 | €583,092 | -€33,886 | -5.5% |
| Suppliers | 440/4 | €616,978 | €583,092 | -€33,886 | -5.5% |
| Taxes, remuneration and social security | 45 | €96,202 | €101,216 | +€5,015 | +5.2% |
| Taxes | 450/3 | €31,351 | €33,888 | +€2,537 | +8.1% |
| Remuneration and social security | 454/9 | €64,851 | €67,328 | +€2,478 | +3.8% |
| Other amounts payable | 47/48 | - | €811 | +€811 | |
| Accrued charges and deferred income | 492/3 | €3,708 | €7,864 | +€4,156 | +112.1% |
| Non-recurring operating income | 76A | - | €2,620 | +€2,620 | |
| Remuneration, social security and pensions | 62 | €392,138 | €736,291 | +€344,153 | +87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,687 | €90,593 | +€44,906 | +98.3% |
| Other operating charges | 640/8 | €1,656 | €1,805 | +€150 | +9.0% |
| Non-recurring operating charges | 66A | - | €11,906 | +€11,906 | |
| Gross operating margin | 9900 | €569,829 | €911,475 | +€341,646 | +60.0% |
| Operating profit (loss) | 9901 | €130,348 | €70,880 | -€59,467 | -45.6% |
| Financial income | 75/76B | €498 | €9 | -€489 | -98.3% |
| Recurring financial income | 75 | €498 | €9 | -€489 | -98.3% |
| Financial charges | 65/66B | €44,055 | €72,203 | +€28,148 | +63.9% |
| Recurring financial charges | 65 | €44,055 | €72,203 | +€28,148 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €86,791 | -€1,314 | -€88,105 | |
| Income taxes | 67/77 | €24,998 | €5,598 | -€19,400 | -77.6% |
| Profit (loss) for the period | 9904 | €61,793 | -€6,912 | -€68,705 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,793 | -€6,912 | -€68,705 |
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 28 September 2026 via checked.be.