F-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.
F-Link
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts +€77,174
up €77,174 (+56.4%), from €136,832 to €214,006
- Profit (loss) carried forward -€72,945
down €72,945 (-455%), from -€16,025 to -€88,971
- Other debts -€27,172
down €27,172 (-10.9%), from €248,370 to €221,199
- Tax, wage and social debts +€18,933
up €18,933 (+1,267%), from €1,494 to €20,427
- Gross operating margin -€66,735
down €66,735 (-1,850%), from -€3,608 to -€70,342
- Financial charges -€4,156
down €4,156 (-88.5%), from €4,697 to €542
- Other operating charges +€3,037
up €3,037 (+341%), from €890 to €3,927
- Financial income +€2,561
up €2,561 (+12,797%), from €20 to €2,581
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 | €389,270 | €385,261 | -€4,009 | -1.0% |
| Fixed assets | 21/28 | €4,016 | €5,401 | +€1,385 | +34.5% |
| Tangible fixed assets | 22/27 | €4,016 | €3,301 | -€715 | -17.8% |
| Furniture and vehicles | 24 | €4,016 | €3,301 | -€715 | -17.8% |
| Financial fixed assets | 28 | - | €2,100 | +€2,100 | |
| Current assets | 29/58 | €385,254 | €379,860 | -€5,394 | -1.4% |
| Amounts receivable within one year | 40/41 | €353,179 | €349,513 | -€3,666 | -1.0% |
| Trade receivables | 40 | €126,873 | €189,913 | +€63,040 | +49.7% |
| Other amounts receivable | 41 | €226,306 | €159,600 | -€66,706 | -29.5% |
| Cash at bank and in hand | 54/58 | €32,074 | €30,347 | -€1,728 | -5.4% |
| Total equity and liabilities | 10/49 | €389,270 | €385,261 | -€4,009 | -1.0% |
| Equity | 10/15 | €2,575 | -€70,371 | -€72,945 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,025 | -€88,971 | -€72,945 | -455% |
| Amounts payable | 17/49 | €386,696 | €455,632 | +€68,936 | +17.8% |
| Amounts payable within one year | 42/48 | €386,696 | €455,632 | +€68,936 | +17.8% |
| Trade debts | 44 | €136,832 | €214,006 | +€77,174 | +56.4% |
| Suppliers | 440/4 | €136,832 | €214,006 | +€77,174 | +56.4% |
| Taxes, remuneration and social security | 45 | €1,494 | €20,427 | +€18,933 | +1,267% |
| Taxes | 450/3 | €1,494 | €20,427 | +€18,933 | +1,267% |
| Other amounts payable | 47/48 | €248,370 | €221,199 | -€27,172 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €409 | €715 | +€306 | +74.9% |
| Other operating charges | 640/8 | €890 | €3,927 | +€3,037 | +341% |
| Gross operating margin | 9900 | -€3,608 | -€70,342 | -€66,735 | -1,850% |
| Operating profit (loss) | 9901 | -€4,907 | -€74,984 | -€70,078 | -1,428% |
| Financial income | 75/76B | €20 | €2,581 | +€2,561 | +12,797% |
| Recurring financial income | 75 | €20 | €2,581 | +€2,561 | +12,797% |
| Financial charges | 65/66B | €4,697 | €542 | -€4,156 | -88.5% |
| Recurring financial charges | 65 | €4,697 | €542 | -€4,156 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,584 | -€72,945 | -€63,361 | -661% |
| Profit (loss) for the period | 9904 | -€9,584 | -€72,945 | -€63,361 | -661% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,584 | -€72,945 | -€63,361 | -661% |
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 31 October 2026 via checked.be.