MLINK: 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.
MLINK
Largest movements
- Cash -€181,082
down €181,082 (-55.9%), from €324,063 to €142,981
mainly Debts after one year (-€192,101) and Other debts (-€168,200)
- Receivables within one year -€76,171
down €76,171 (-21.5%), from €354,871 to €278,700
of which Trade receivables: -€77,371
- Debts after one year -€192,101
down €192,101 (-23.2%), from €828,288 to €636,187
- Other debts -€168,200
down €168,200 (-32.9%), from €511,079 to €342,879
- Profit (loss) carried forward +€90,047
up €90,047 (+5.6%), from €1.6m to €1.7m
- Short-term financial debts -€72,666
down €72,666 (-43.4%), from €167,267 to €94,601
- Accrued charges and deferred income +€39,554
up €39,554 (+36.0%), from €109,901 to €149,456
- Gross operating margin -€278,982
down €278,982 (-59.3%), from €470,195 to €191,213
- Taxes -€90,425
down €90,425 (-90.4%), from €100,000 to €9,575
- Financial charges +€20,209
up €20,209 (+45.2%), from €44,669 to €64,878
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 | €3,359,919 | €3,080,384 | -€279,535 | -8.3% |
| Fixed assets | 21/28 | €2,676,914 | €2,655,069 | -€21,845 | -0.8% |
| Tangible fixed assets | 22/27 | €1,234,495 | €1,212,650 | -€21,845 | -1.8% |
| Land and buildings | 22 | €1,220,340 | €1,207,179 | -€13,161 | -1.1% |
| Plant, machinery and equipment | 23 | €51 | - | -€51 | |
| Furniture and vehicles | 24 | €14,104 | €5,472 | -€8,632 | -61.2% |
| Financial fixed assets | 28 | €1,442,419 | €1,442,419 | = | 0.0% |
| Current assets | 29/58 | €683,005 | €425,315 | -€257,690 | -37.7% |
| Amounts receivable within one year | 40/41 | €354,871 | €278,700 | -€76,171 | -21.5% |
| Trade receivables | 40 | €113,671 | €36,300 | -€77,371 | -68.1% |
| Other amounts receivable | 41 | €241,200 | €242,400 | +€1,200 | +0.5% |
| Cash at bank and in hand | 54/58 | €324,063 | €142,981 | -€181,082 | -55.9% |
| Deferred charges and accrued income | 490/1 | €4,072 | €3,634 | -€438 | -10.8% |
| Total equity and liabilities | 10/49 | €3,359,919 | €3,080,384 | -€279,535 | -8.3% |
| Equity | 10/15 | €1,732,378 | €1,822,425 | +€90,047 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,611,918 | €1,701,965 | +€90,047 | +5.6% |
| Amounts payable | 17/49 | €1,627,541 | €1,257,960 | -€369,582 | -22.7% |
| Amounts payable after more than one year | 17 | €828,288 | €636,187 | -€192,101 | -23.2% |
| Financial debts | 170/4 | €828,288 | €636,187 | -€192,101 | -23.2% |
| Amounts payable within one year | 42/48 | €689,352 | €472,317 | -€217,035 | -31.5% |
| Financial debts | 43 | €167,267 | €94,601 | -€72,666 | -43.4% |
| Credit institutions | 430/8 | €167,267 | €94,601 | -€72,666 | -43.4% |
| Trade debts | 44 | €499 | €2,598 | +€2,099 | +421% |
| Suppliers | 440/4 | €499 | €2,598 | +€2,099 | +421% |
| Taxes, remuneration and social security | 45 | €10,507 | €32,239 | +€21,732 | +207% |
| Taxes | 450/3 | €10,507 | €32,239 | +€21,732 | +207% |
| Other amounts payable | 47/48 | €511,079 | €342,879 | -€168,200 | -32.9% |
| Accrued charges and deferred income | 492/3 | €109,901 | €149,456 | +€39,554 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,213 | €21,845 | +€2,632 | +13.7% |
| Other operating charges | 640/8 | €3,127 | €6,069 | +€2,941 | +94.0% |
| Non-recurring operating charges | 66A | €88,391 | - | -€88,391 | |
| Gross operating margin | 9900 | €470,195 | €191,213 | -€278,982 | -59.3% |
| Operating profit (loss) | 9901 | €359,464 | €163,300 | -€196,164 | -54.6% |
| Financial income | 75/76B | €1,351 | €1,200 | -€151 | -11.2% |
| Recurring financial income | 75 | €1,351 | €1,200 | -€151 | -11.2% |
| Financial charges | 65/66B | €44,669 | €64,878 | +€20,209 | +45.2% |
| Recurring financial charges | 65 | €44,669 | €64,878 | +€20,209 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €316,146 | €99,622 | -€216,524 | -68.5% |
| Income taxes | 67/77 | €100,000 | €9,575 | -€90,425 | -90.4% |
| Profit (loss) for the period | 9904 | €216,146 | €90,047 | -€126,100 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €216,146 | €90,047 | -€126,100 | -58.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.