K-LINK: 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.
K-LINK
Largest movements
- Receivables within one year +€36,308
up €36,308 (+125%), from €29,115 to €65,423
- Cash +€16,470
up €16,470 (+163%), from €10,118 to €26,587
mainly Net result for the year (+€21,338) and Tax, wage and social debts (+€13,475)
- Profit (loss) carried forward +€21,338
up €21,338, from -€3,872 to €17,466
- Tax, wage and social debts +€13,475
up €13,475 (+1,477%), from €912 to €14,387
of which Taxes: +€11,464
- Trade debts +€9,722
up €9,722 (+151%), from €6,448 to €16,170
- Other debts +€9,073
up €9,073 (+26.4%), from €34,303 to €43,376
- Gross operating margin +€46,039
up €46,039, from -€6,493 to €39,547
- Staff costs +€13,757
new in 2025: €13,757
- Taxes +€4,375
up €4,375, from -€38 to €4,337
- Depreciation -€706
down €706 (-88.7%), from €796 to €90
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 | €40,792 | €94,399 | +€53,607 | +131% |
| Fixed assets | 21/28 | €1,558 | €2,368 | +€810 | +52.0% |
| Tangible fixed assets | 22/27 | €1,558 | €2,368 | +€810 | +52.0% |
| Plant, machinery and equipment | 23 | - | €503 | +€503 | |
| Furniture and vehicles | 24 | €1,558 | €1,865 | +€307 | +19.7% |
| Current assets | 29/58 | €39,233 | €92,031 | +€52,798 | +135% |
| Amounts receivable within one year | 40/41 | €29,115 | €65,423 | +€36,308 | +125% |
| Trade receivables | 40 | €29,115 | €65,423 | +€36,308 | +125% |
| Cash at bank and in hand | 54/58 | €10,118 | €26,587 | +€16,470 | +163% |
| Deferred charges and accrued income | 490/1 | - | €20 | +€20 | |
| Total equity and liabilities | 10/49 | €40,792 | €94,399 | +€53,607 | +131% |
| Equity | 10/15 | -€872 | €20,466 | +€21,338 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,872 | €17,466 | +€21,338 | |
| Amounts payable | 17/49 | €41,663 | €73,933 | +€32,270 | +77.5% |
| Amounts payable within one year | 42/48 | €41,663 | €73,933 | +€32,270 | +77.5% |
| Trade debts | 44 | €6,448 | €16,170 | +€9,722 | +151% |
| Suppliers | 440/4 | €6,448 | €16,170 | +€9,722 | +151% |
| Taxes, remuneration and social security | 45 | €912 | €14,387 | +€13,475 | +1,477% |
| Taxes | 450/3 | €912 | €12,376 | +€11,464 | +1,257% |
| Remuneration and social security | 454/9 | - | €2,011 | +€2,011 | |
| Other amounts payable | 47/48 | €34,303 | €43,376 | +€9,073 | +26.4% |
| Remuneration, social security and pensions | 62 | - | €13,757 | +€13,757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €796 | €90 | -€706 | -88.7% |
| Other operating charges | 640/8 | €315 | €150 | -€165 | -52.3% |
| Gross operating margin | 9900 | -€6,493 | €39,547 | +€46,039 | |
| Operating profit (loss) | 9901 | -€7,603 | €25,550 | +€33,153 | |
| Financial income | 75/76B | €22 | €219 | +€197 | +879% |
| Recurring financial income | 75 | €22 | €219 | +€197 | +879% |
| Financial charges | 65/66B | €118 | €95 | -€23 | -19.8% |
| Recurring financial charges | 65 | €118 | €95 | -€23 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,699 | €25,675 | +€33,374 | |
| Income taxes | 67/77 | -€38 | €4,337 | +€4,375 | |
| Profit (loss) for the period | 9904 | -€7,661 | €21,338 | +€28,999 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,661 | €21,338 | +€28,999 |
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 13 October 2026 via checked.be.