FUTURE LINKS: 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.
FUTURE LINKS
Largest movements
- Current investments +€27,801
up €27,801 (+853.6%), from €3,257 to €31,058
- Receivables within one year +€8,154
up €8,154 (+5.8%), from €140,134 to €148,288
of which Other amounts receivable: +€45,752
- Cash +€6,821
up €6,821 (+124.9%), from €5,460 to €12,281
mainly Other debts (+€117,650) and Net result for the year (+€57,494)
- Financial fixed assets +€5,100
new in 2025: €5,100
- Tangible fixed assets -€4,623
down €4,623 (-9.0%), from €51,626 to €47,003
of which Furniture and vehicles: -€4,331
- Other debts +€117,650
new in 2025: €117,650
- Reserves -€60,156
down €60,156 (-36.6%), from €164,509 to €104,352
- Debts after one year -€8,896
down €8,896 (-96.3%), from €9,240 to €345
- Tax, wage and social debts -€6,063
down €6,063 (-39.1%), from €15,490 to €9,427
- Gross operating margin -€14,067
down €14,067 (-14.9%), from €94,158 to €80,091
- Taxes -€2,995
down €2,995 (-15.5%), from €19,272 to €16,277
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.
Cash bridge derived
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 | €205,186 | €247,682 | +€42,496 | +20.7% |
| Fixed assets | 21/28 | €51,626 | €52,103 | +€477 | +0.9% |
| Tangible fixed assets | 22/27 | €51,626 | €47,003 | -€4,623 | -9.0% |
| Land and buildings | 22 | €5,640 | €5,347 | -€292 | -5.2% |
| Furniture and vehicles | 24 | €45,986 | €41,655 | -€4,331 | -9.4% |
| Financial fixed assets | 28 | - | €5,100 | +€5,100 | |
| Current assets | 29/58 | €153,560 | €195,579 | +€42,019 | +27.4% |
| Amounts receivable within one year | 40/41 | €140,134 | €148,288 | +€8,154 | +5.8% |
| Trade receivables | 40 | €38,130 | €531 | -€37,598 | -98.6% |
| Other amounts receivable | 41 | €102,005 | €147,756 | +€45,752 | +44.9% |
| Current investments | 50/53 | €3,257 | €31,058 | +€27,801 | +853.6% |
| Cash at bank and in hand | 54/58 | €5,460 | €12,281 | +€6,821 | +124.9% |
| Deferred charges and accrued income | 490/1 | €4,709 | €3,953 | -€756 | -16.1% |
| Total equity and liabilities | 10/49 | €205,186 | €247,682 | +€42,496 | +20.7% |
| Equity | 10/15 | €167,009 | €106,852 | -€60,156 | -36.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €164,509 | €104,352 | -€60,156 | -36.6% |
| Distributable reserves | 133 | €164,509 | €104,352 | -€60,156 | -36.6% |
| Amounts payable | 17/49 | €38,177 | €140,830 | +€102,652 | +268.9% |
| Amounts payable after more than one year | 17 | €9,240 | €345 | -€8,896 | -96.3% |
| Financial debts | 170/4 | €9,240 | €345 | -€8,896 | -96.3% |
| Amounts payable within one year | 42/48 | €28,937 | €140,485 | +€111,548 | +385.5% |
| Current portion of amounts payable after more than one year | 42 | €10,075 | €8,896 | -€1,179 | -11.7% |
| Financial debts | 43 | €81 | - | -€81 | |
| Credit institutions | 430/8 | €81 | - | -€81 | |
| Trade debts | 44 | €3,291 | €4,512 | +€1,221 | +37.1% |
| Suppliers | 440/4 | €3,291 | €4,512 | +€1,221 | +37.1% |
| Taxes, remuneration and social security | 45 | €15,490 | €9,427 | -€6,063 | -39.1% |
| Taxes | 450/3 | €15,490 | €9,427 | -€6,063 | -39.1% |
| Other amounts payable | 47/48 | - | €117,650 | +€117,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,706 | €4,623 | -€83 | -1.8% |
| Other operating charges | 640/8 | €1,364 | €714 | -€651 | -47.7% |
| Gross operating margin | 9900 | €94,158 | €80,091 | -€14,067 | -14.9% |
| Operating profit (loss) | 9901 | €88,088 | €74,754 | -€13,333 | -15.1% |
| Financial income | 75/76B | €27 | €109 | +€82 | +300.8% |
| Recurring financial income | 75 | €27 | €109 | +€82 | +300.8% |
| Financial charges | 65/66B | €1,598 | €1,093 | -€505 | -31.6% |
| Recurring financial charges | 65 | €1,598 | €1,093 | -€505 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €86,517 | €73,770 | -€12,747 | -14.7% |
| Income taxes | 67/77 | €19,272 | €16,277 | -€2,995 | -15.5% |
| Profit (loss) for the period | 9904 | €67,246 | €57,494 | -€9,752 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,246 | €57,494 | -€9,752 | -14.5% |
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 10 October 2026 via checked.be.