ForLink: 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.
ForLink
Largest movements
- Cash +€87,996
up €87,996, from €0 to €87,996
mainly Net result for the year (+€62,900) and Depreciation (+€50,170)
- Receivables within one year -€43,208
down €43,208 (-21.0%), from €205,620 to €162,412
of which Trade receivables: -€42,028
- Intangible fixed assets -€26,021
down €26,021 (-33.5%), from €77,744 to €51,724
- Tangible fixed assets -€15,723
down €15,723 (-59.3%), from €26,531 to €10,808
of which Furniture and vehicles: -€13,381
- Reserves +€58,734
up €58,734 (+517%), from €11,351 to €70,086
of which Distributable reserves: +€58,734
- Trade debts -€42,263
down €42,263 (-98.7%), from €42,807 to €544
- Debts after one year -€29,547
down €29,547 (-22.2%), from €132,798 to €103,251
- Tax, wage and social debts +€9,519
up €9,519 (+33.8%), from €28,159 to €37,678
of which Remuneration and social security: +€6,784
- Profit (loss) carried forward +€4,166
up €4,166, from -€4,166 to €0
- Gross operating margin +€57,801
up €57,801 (+19.8%), from €291,847 to €349,648
- Staff costs +€33,761
up €33,761 (+17.5%), from €193,058 to €226,820
- Depreciation -€27,006
down €27,006 (-35.0%), from €77,176 to €50,170
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 | €318,004 | €318,952 | +€948 | +0.3% |
| Fixed assets | 21/28 | €110,287 | €68,544 | -€41,744 | -37.8% |
| Intangible fixed assets | 21 | €77,744 | €51,724 | -€26,021 | -33.5% |
| Tangible fixed assets | 22/27 | €26,531 | €10,808 | -€15,723 | -59.3% |
| Furniture and vehicles | 24 | €17,068 | €3,687 | -€13,381 | -78.4% |
| Other tangible fixed assets | 26 | €9,463 | €7,121 | -€2,341 | -24.7% |
| Financial fixed assets | 28 | €6,012 | €6,012 | = | 0.0% |
| Current assets | 29/58 | €207,717 | €250,408 | +€42,691 | +20.6% |
| Amounts receivable within one year | 40/41 | €205,620 | €162,412 | -€43,208 | -21.0% |
| Trade receivables | 40 | €204,425 | €162,397 | -€42,028 | -20.6% |
| Other amounts receivable | 41 | €1,195 | €16 | -€1,179 | -98.7% |
| Cash at bank and in hand | 54/58 | €0 | €87,996 | +€87,996 | |
| Deferred charges and accrued income | 490/1 | €2,097 | €0 | -€2,097 | -100% |
| Total equity and liabilities | 10/49 | €318,004 | €318,952 | +€948 | +0.3% |
| Equity | 10/15 | €25,785 | €88,686 | +€62,900 | +244% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,351 | €70,086 | +€58,734 | +517% |
| Tax-exempt reserves | 132 | €9,553 | €9,553 | = | 0.0% |
| Distributable reserves | 133 | €1,798 | €60,533 | +€58,734 | +3,266% |
| Profit (loss) carried forward | 14 | -€4,166 | €0 | +€4,166 | |
| Amounts payable | 17/49 | €292,218 | €230,266 | -€61,952 | -21.2% |
| Amounts payable after more than one year | 17 | €132,798 | €103,251 | -€29,547 | -22.2% |
| Financial debts | 170/4 | €132,798 | €103,251 | -€29,547 | -22.2% |
| Amounts payable within one year | 42/48 | €159,244 | €126,639 | -€32,605 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €28,935 | €29,547 | +€612 | +2.1% |
| Financial debts | 43 | €658 | €0 | -€658 | -100% |
| Credit institutions | 430/8 | €658 | €0 | -€658 | -100% |
| Trade debts | 44 | €42,807 | €544 | -€42,263 | -98.7% |
| Suppliers | 440/4 | €42,807 | €544 | -€42,263 | -98.7% |
| Taxes, remuneration and social security | 45 | €28,159 | €37,678 | +€9,519 | +33.8% |
| Taxes | 450/3 | €6,354 | €9,089 | +€2,735 | +43.0% |
| Remuneration and social security | 454/9 | €21,805 | €28,589 | +€6,784 | +31.1% |
| Other amounts payable | 47/48 | €58,686 | €58,871 | +€185 | +0.3% |
| Accrued charges and deferred income | 492/3 | €176 | €375 | +€200 | +113% |
| Remuneration, social security and pensions | 62 | €193,058 | €226,820 | +€33,761 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,176 | €50,170 | -€27,006 | -35.0% |
| Other operating charges | 640/8 | €1,738 | €583 | -€1,155 | -66.5% |
| Non-recurring operating charges | 66A | - | €3,390 | +€3,390 | |
| Gross operating margin | 9900 | €291,847 | €349,648 | +€57,801 | +19.8% |
| Operating profit (loss) | 9901 | €19,874 | €68,686 | +€48,812 | +246% |
| Financial income | 75/76B | €13 | €87 | +€75 | +588% |
| Recurring financial income | 75 | €13 | €87 | +€75 | +588% |
| Financial charges | 65/66B | €3,908 | €5,732 | +€1,824 | +46.7% |
| Recurring financial charges | 65 | €3,908 | €5,732 | +€1,824 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €15,978 | €63,041 | +€47,063 | +295% |
| Income taxes | 67/77 | €134 | €141 | +€6 | +4.8% |
| Profit (loss) for the period | 9904 | €15,844 | €62,900 | +€47,056 | +297% |
| Profit (loss) for the period to be appropriated | 9905 | €15,844 | €62,900 | +€47,056 | +297% |
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 21 October 2026 via checked.be.