I-LINK: what changed
Two fiscal 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.
I-LINK
Largest movements
- Tangible fixed assets +€264,852
up €264,852 (+2933.1%), from €9,030 to €273,882
of which Land and buildings: +€266,779
- Intangible fixed assets -€30,800
down €30,800 (-13.5%), from €228,082 to €197,282
- Cash -€16,808
down €16,808 (-25.1%), from €66,939 to €50,130
mainly Investment in fixed assets (net) (-€301,888) and Accrued charges and deferred income (-€10,768)
- Receivables within one year -€11,879
down €11,879 (-21.7%), from €54,664 to €42,785
of which Trade receivables: -€11,719
- Debts after one year +€164,583
up €164,583 (+445.7%), from €36,924 to €201,507
- Reserves +€48,661
new in 2025: €48,661
- Accrued charges and deferred income -€10,768
down €10,768 (-94.4%), from €11,409 to €641
- Current portion of long-term debt +€9,687
up €9,687 (+166.3%), from €5,825 to €15,512
- Depreciation +€14,514
up €14,514 (+27.2%), from €53,322 to €67,836
- Financial income +€8,827
up €8,827 (+29.6%), from €29,800 to €38,627
- Gross operating margin +€7,011
up €7,011 (+7.8%), from €89,452 to €96,464
- Financial charges +€6,680
up €6,680 (+560.1%), from €1,193 to €7,873
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 | €360,183 | €564,272 | +€204,089 | +56.7% |
| Fixed assets | 21/28 | €237,112 | €471,164 | +€234,052 | +98.7% |
| Intangible fixed assets | 21 | €228,082 | €197,282 | -€30,800 | -13.5% |
| Tangible fixed assets | 22/27 | €9,030 | €273,882 | +€264,852 | +2933.1% |
| Land and buildings | 22 | - | €266,779 | +€266,779 | |
| Plant, machinery and equipment | 23 | €543 | €1,133 | +€590 | +108.5% |
| Furniture and vehicles | 24 | €5,199 | €3,390 | -€1,809 | -34.8% |
| Other tangible fixed assets | 26 | €3,288 | €2,580 | -€708 | -21.5% |
| Current assets | 29/58 | €123,071 | €93,108 | -€29,963 | -24.3% |
| Amounts receivable within one year | 40/41 | €54,664 | €42,785 | -€11,879 | -21.7% |
| Trade receivables | 40 | €52,065 | €40,346 | -€11,719 | -22.5% |
| Other amounts receivable | 41 | €2,599 | €2,439 | -€160 | -6.2% |
| Cash at bank and in hand | 54/58 | €66,939 | €50,130 | -€16,808 | -25.1% |
| Deferred charges and accrued income | 490/1 | €1,468 | €193 | -€1,275 | -86.9% |
| Total equity and liabilities | 10/49 | €360,183 | €564,272 | +€204,089 | +56.7% |
| Equity | 10/15 | €267,295 | €315,957 | +€48,661 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €48,661 | +€48,661 | |
| Distributable reserves | 133 | - | €48,661 | +€48,661 | |
| Profit (loss) carried forward | 14 | €174,095 | €174,095 | = | 0.0% |
| Investment grants | 15 | €74,600 | €74,600 | = | 0.0% |
| Amounts payable | 17/49 | €92,887 | €248,315 | +€155,428 | +167.3% |
| Amounts payable after more than one year | 17 | €36,924 | €201,507 | +€164,583 | +445.7% |
| Financial debts | 170/4 | €36,924 | €201,507 | +€164,583 | +445.7% |
| Amounts payable within one year | 42/48 | €44,554 | €46,167 | +€1,613 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €5,825 | €15,512 | +€9,687 | +166.3% |
| Trade debts | 44 | €14,920 | €14,536 | -€384 | -2.6% |
| Suppliers | 440/4 | €14,920 | €14,536 | -€384 | -2.6% |
| Taxes, remuneration and social security | 45 | €15,678 | €10,950 | -€4,729 | -30.2% |
| Taxes | 450/3 | €15,678 | €10,950 | -€4,729 | -30.2% |
| Other amounts payable | 47/48 | €8,131 | €5,169 | -€2,962 | -36.4% |
| Accrued charges and deferred income | 492/3 | €11,409 | €641 | -€10,768 | -94.4% |
| Non-recurring operating income | 76A | €17,397 | €127 | -€17,269 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,322 | €67,836 | +€14,514 | +27.2% |
| Other operating charges | 640/8 | €1,419 | €659 | -€760 | -53.6% |
| Gross operating margin | 9900 | €89,452 | €96,464 | +€7,011 | +7.8% |
| Operating profit (loss) | 9901 | €34,712 | €27,969 | -€6,742 | -19.4% |
| Financial income | 75/76B | €29,800 | €38,627 | +€8,827 | +29.6% |
| Recurring financial income | 75 | €29,800 | €38,627 | +€8,827 | +29.6% |
| Financial charges | 65/66B | €1,193 | €7,873 | +€6,680 | +560.1% |
| Recurring financial charges | 65 | €1,193 | €7,873 | +€6,680 | +560.1% |
| Profit (loss) for the period before taxes | 9903 | €63,319 | €58,723 | -€4,596 | -7.3% |
| Income taxes | 67/77 | €9,901 | €10,061 | +€160 | +1.6% |
| Profit (loss) for the period | 9904 | €53,418 | €48,661 | -€4,756 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,418 | €48,661 | -€4,756 | -8.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.