FHLinK: 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.
FHLinK
Largest movements
- Cash -€27,576
down €27,576 (-49.2%), from €56,093 to €28,517
mainly Contributions, distributions and other (-€104,312) and Debts after one year (-€15,775)
- Receivables within one year +€15,366
up €15,366 (+30.0%), from €51,267 to €66,632
of which Other amounts receivable: +€16,399
- Tangible fixed assets -€15,133
down €15,133 (-16.0%), from €94,293 to €79,160
of which Furniture and vehicles: -€16,963
- Receivables after one year -€8,500
down €8,500 (-11.1%), from €76,500 to €68,000
- Reserves -€62,118
down €62,118 (-35.1%), from €177,204 to €115,086
- Other debts +€53,743
up €53,743 (+625%), from €8,596 to €62,339
- Debts after one year -€15,775
down €15,775 (-32.3%), from €48,895 to €33,120
- Contributions -€9,600
no longer reported in 2025 (was €9,600)
- Current portion of long-term debt -€4,982
down €4,982 (-22.1%), from €22,553 to €17,571
- Gross operating margin -€10,661
down €10,661 (-13.0%), from €82,051 to €71,390
- Taxes -€3,268
down €3,268 (-18.4%), from €17,726 to €14,458
- Depreciation +€2,122
up €2,122 (+10.1%), from €21,055 to €23,177
- Financial income +€1,238
up €1,238 (+64.6%), from €1,914 to €3,152
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 | €283,977 | €247,764 | -€36,213 | -12.8% |
| Fixed assets | 21/28 | €95,853 | €80,720 | -€15,133 | -15.8% |
| Tangible fixed assets | 22/27 | €94,293 | €79,160 | -€15,133 | -16.0% |
| Plant, machinery and equipment | 23 | €2,523 | €1,537 | -€986 | -39.1% |
| Furniture and vehicles | 24 | €61,106 | €44,143 | -€16,963 | -27.8% |
| Other tangible fixed assets | 26 | €30,664 | €33,479 | +€2,815 | +9.2% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €188,124 | €167,044 | -€21,080 | -11.2% |
| Amounts receivable after more than one year | 29 | €76,500 | €68,000 | -€8,500 | -11.1% |
| Other amounts receivable | 291 | €76,500 | €68,000 | -€8,500 | -11.1% |
| Stocks and contracts in progress | 3 | €825 | €575 | -€250 | -30.3% |
| Stocks | 30/36 | €825 | €575 | -€250 | -30.3% |
| Amounts receivable within one year | 40/41 | €51,267 | €66,632 | +€15,366 | +30.0% |
| Trade receivables | 40 | €36,827 | €35,794 | -€1,033 | -2.8% |
| Other amounts receivable | 41 | €14,440 | €30,839 | +€16,399 | +114% |
| Cash at bank and in hand | 54/58 | €56,093 | €28,517 | -€27,576 | -49.2% |
| Deferred charges and accrued income | 490/1 | €3,440 | €3,319 | -€120 | -3.5% |
| Total equity and liabilities | 10/49 | €283,977 | €247,764 | -€36,213 | -12.8% |
| Equity | 10/15 | €186,804 | €115,086 | -€71,718 | -38.4% |
| Contributions | 10/11 | €9,600 | - | -€9,600 | |
| Reserves | 13 | €177,204 | €115,086 | -€62,118 | -35.1% |
| Distributable reserves | 133 | €177,204 | €115,086 | -€62,118 | -35.1% |
| Amounts payable | 17/49 | €97,173 | €132,678 | +€35,505 | +36.5% |
| Amounts payable after more than one year | 17 | €48,895 | €33,120 | -€15,775 | -32.3% |
| Financial debts | 170/4 | €48,895 | €33,120 | -€15,775 | -32.3% |
| Amounts payable within one year | 42/48 | €48,279 | €99,558 | +€51,280 | +106% |
| Current portion of amounts payable after more than one year | 42 | €22,553 | €17,571 | -€4,982 | -22.1% |
| Financial debts | 43 | €3,047 | €3,031 | -€16 | -0.5% |
| Credit institutions | 430/8 | €3,047 | €3,031 | -€16 | -0.5% |
| Trade debts | 44 | €4,793 | €5,368 | +€575 | +12.0% |
| Suppliers | 440/4 | €4,793 | €5,368 | +€575 | +12.0% |
| Taxes, remuneration and social security | 45 | €9,290 | €11,250 | +€1,959 | +21.1% |
| Taxes | 450/3 | €9,290 | €11,250 | +€1,959 | +21.1% |
| Other amounts payable | 47/48 | €8,596 | €62,339 | +€53,743 | +625% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,055 | €23,177 | +€2,122 | +10.1% |
| Other operating charges | 640/8 | €1,340 | €1,795 | +€455 | +34.0% |
| Gross operating margin | 9900 | €82,051 | €71,390 | -€10,661 | -13.0% |
| Operating profit (loss) | 9901 | €59,655 | €46,418 | -€13,238 | -22.2% |
| Financial income | 75/76B | €1,914 | €3,152 | +€1,238 | +64.6% |
| Recurring financial income | 75 | €1,914 | €3,152 | +€1,238 | +64.6% |
| Financial charges | 65/66B | €3,039 | €2,517 | -€521 | -17.2% |
| Recurring financial charges | 65 | €3,039 | €2,517 | -€521 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €58,531 | €47,052 | -€11,479 | -19.6% |
| Income taxes | 67/77 | €17,726 | €14,458 | -€3,268 | -18.4% |
| Profit (loss) for the period | 9904 | €40,805 | €32,594 | -€8,211 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,805 | €32,594 | -€8,211 | -20.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.