C-LINK: 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.
C-LINK
Largest movements
- Receivables within one year -€10,008
down €10,008 (-47.4%), from €21,093 to €11,085
- Cash +€6,659
up €6,659 (+23.4%), from €28,478 to €35,137
mainly Receivables within one year (+€10,008) and Tax, wage and social debts (+€8,269)
- Profit (loss) carried forward -€8,992
down €8,992 (-105%), from -€8,558 to -€17,550
- Tax, wage and social debts +€8,269
up €8,269 (+133%), from €6,222 to €14,491
of which Remuneration and social security: +€9,644
- Other debts -€3,716
down €3,716 (-55.1%), from €6,742 to €3,026
- Trade debts +€1,111
up €1,111 (+168%), from €662 to €1,773
- Gross operating margin -€14,850
down €14,850, from €7,144 to -€7,706
- Taxes -€1,407
down €1,407 (-90.9%), from €1,548 to €141
- Depreciation -€334
no longer reported in 2025 (was €334)
- Other operating charges +€203
up €203 (+29.8%), from €682 to €885
- Financial charges -€93
down €93 (-26.2%), from €355 to €262
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 | €50,210 | €46,882 | -€3,328 | -6.6% |
| Current assets | 29/58 | €50,210 | €46,882 | -€3,328 | -6.6% |
| Amounts receivable within one year | 40/41 | €21,093 | €11,085 | -€10,008 | -47.4% |
| Trade receivables | 40 | €21,093 | €11,085 | -€10,008 | -47.4% |
| Cash at bank and in hand | 54/58 | €28,478 | €35,137 | +€6,659 | +23.4% |
| Deferred charges and accrued income | 490/1 | €639 | €660 | +€21 | +3.3% |
| Total equity and liabilities | 10/49 | €50,210 | €46,882 | -€3,328 | -6.6% |
| Equity | 10/15 | €36,584 | €27,592 | -€8,992 | -24.6% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €1,761 | €1,761 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,761 | €1,761 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,761 | €1,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,558 | -€17,550 | -€8,992 | -105% |
| Amounts payable | 17/49 | €13,626 | €19,290 | +€5,664 | +41.6% |
| Amounts payable within one year | 42/48 | €13,626 | €19,290 | +€5,664 | +41.6% |
| Trade debts | 44 | €662 | €1,773 | +€1,111 | +168% |
| Suppliers | 440/4 | €662 | €1,773 | +€1,111 | +168% |
| Taxes, remuneration and social security | 45 | €6,222 | €14,491 | +€8,269 | +133% |
| Taxes | 450/3 | €6,222 | €4,847 | -€1,375 | -22.1% |
| Remuneration and social security | 454/9 | - | €9,644 | +€9,644 | |
| Other amounts payable | 47/48 | €6,742 | €3,026 | -€3,716 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | - | -€334 | |
| Other operating charges | 640/8 | €682 | €885 | +€203 | +29.8% |
| Gross operating margin | 9900 | €7,144 | -€7,706 | -€14,850 | |
| Operating profit (loss) | 9901 | €6,128 | -€8,591 | -€14,719 | |
| Financial income | 75/76B | €54 | €2 | -€52 | -96.3% |
| Recurring financial income | 75 | €54 | €2 | -€52 | -96.3% |
| Financial charges | 65/66B | €355 | €262 | -€93 | -26.2% |
| Recurring financial charges | 65 | €355 | €262 | -€93 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €5,827 | -€8,851 | -€14,678 | |
| Income taxes | 67/77 | €1,548 | €141 | -€1,407 | -90.9% |
| Profit (loss) for the period | 9904 | €4,279 | -€8,992 | -€13,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,279 | -€8,992 | -€13,271 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.