J-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.
J-LINK
Largest movements
- Cash +€45,302
up €45,302 (+48.5%), from €93,402 to €138,704
mainly Net result for the year (+€77,634) and Other debts (+€19,568)
- Receivables within one year -€7,096
down €7,096 (-27.2%), from €26,120 to €19,024
of which Other amounts receivable: -€18,088
- Tangible fixed assets -€5,833
down €5,833 (-88.6%), from €6,586 to €753
- Other debts +€19,568
up €19,568 (+45.7%), from €42,837 to €62,405
- Profit (loss) carried forward +€17,634
up €17,634 (+28.7%), from €61,356 to €78,990
- Tax, wage and social debts -€4,436
down €4,436 (-37.6%), from €11,801 to €7,365
of which Remuneration and social security: -€4,200
- Gross operating margin +€22,499
up €22,499 (+27.2%), from €82,688 to €105,187
- Taxes +€4,647
up €4,647 (+29.3%), from €15,859 to €20,505
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 | €126,899 | €159,272 | +€32,374 | +25.5% |
| Fixed assets | 21/28 | €7,376 | €1,544 | -€5,833 | -79.1% |
| Tangible fixed assets | 22/27 | €6,586 | €753 | -€5,833 | -88.6% |
| Furniture and vehicles | 24 | €6,586 | €753 | -€5,833 | -88.6% |
| Financial fixed assets | 28 | €791 | €791 | = | 0.0% |
| Current assets | 29/58 | €119,522 | €157,729 | +€38,206 | +32.0% |
| Amounts receivable within one year | 40/41 | €26,120 | €19,024 | -€7,096 | -27.2% |
| Trade receivables | 40 | €6,234 | €17,226 | +€10,992 | +176.3% |
| Other amounts receivable | 41 | €19,886 | €1,799 | -€18,088 | -91.0% |
| Cash at bank and in hand | 54/58 | €93,402 | €138,704 | +€45,302 | +48.5% |
| Total equity and liabilities | 10/49 | €126,899 | €159,272 | +€32,374 | +25.5% |
| Equity | 10/15 | €71,356 | €88,990 | +€17,634 | +24.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,356 | €78,990 | +€17,634 | +28.7% |
| Amounts payable | 17/49 | €55,543 | €70,283 | +€14,740 | +26.5% |
| Amounts payable within one year | 42/48 | €55,543 | €70,283 | +€14,740 | +26.5% |
| Financial debts | 43 | €105 | €422 | +€317 | +301.2% |
| Credit institutions | 430/8 | €105 | €422 | +€317 | +301.2% |
| Trade debts | 44 | €800 | €91 | -€709 | -88.6% |
| Suppliers | 440/4 | €800 | €91 | -€709 | -88.6% |
| Taxes, remuneration and social security | 45 | €11,801 | €7,365 | -€4,436 | -37.6% |
| Taxes | 450/3 | €7,601 | €7,365 | -€236 | -3.1% |
| Remuneration and social security | 454/9 | €4,200 | - | -€4,200 | |
| Other amounts payable | 47/48 | €42,837 | €62,405 | +€19,568 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,833 | €5,833 | = | 0.0% |
| Other operating charges | 640/8 | €1,173 | €1,099 | -€73 | -6.3% |
| Gross operating margin | 9900 | €82,688 | €105,187 | +€22,499 | +27.2% |
| Operating profit (loss) | 9901 | €75,683 | €98,255 | +€22,573 | +29.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €319 | €117 | -€203 | -63.5% |
| Recurring financial charges | 65 | €319 | €117 | -€203 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €75,367 | €98,139 | +€22,772 | +30.2% |
| Income taxes | 67/77 | €15,859 | €20,505 | +€4,647 | +29.3% |
| Profit (loss) for the period | 9904 | €59,508 | €77,634 | +€18,126 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,508 | €77,634 | +€18,126 | +30.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.