TNLink: 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.
TNLink
Largest movements
- Receivables within one year +€19,380
up €19,380 (+650%), from €2,981 to €22,361
- Debts after one year -€47,318
down €47,318 (-51.0%), from €92,692 to €45,375
- Reserves +€27,063
up €27,063 (+202%), from €13,385 to €40,448
- Current portion of long-term debt +€24,234
up €24,234 (+1,067%), from €2,272 to €26,506
- Tax, wage and social debts +€14,955
up €14,955 (+174%), from €8,576 to €23,531
- Gross operating margin +€13,775
up €13,775 (+45.7%), from €30,171 to €43,946
- Taxes +€5,776
up €5,776 (+84.3%), from €6,853 to €12,629
- Financial charges -€5,679
down €5,679 (-57.2%), from €9,933 to €4,254
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 | €123,209 | €143,509 | +€20,300 | +16.5% |
| Fixed assets | 21/28 | €120,186 | €120,186 | = | 0.0% |
| Financial fixed assets | 28 | €120,186 | €120,186 | = | 0.0% |
| Current assets | 29/58 | €3,023 | €23,323 | +€20,300 | +672% |
| Amounts receivable within one year | 40/41 | €2,981 | €22,361 | +€19,380 | +650% |
| Trade receivables | 40 | €2,981 | €22,361 | +€19,380 | +650% |
| Cash at bank and in hand | 54/58 | €42 | €962 | +€920 | +2,190% |
| Total equity and liabilities | 10/49 | €123,209 | €143,509 | +€20,300 | +16.5% |
| Equity | 10/15 | €18,385 | €45,448 | +€27,063 | +147% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,385 | €40,448 | +€27,063 | +202% |
| Distributable reserves | 133 | €13,385 | €40,448 | +€27,063 | +202% |
| Amounts payable | 17/49 | €104,824 | €98,061 | -€6,762 | -6.5% |
| Amounts payable after more than one year | 17 | €92,692 | €45,375 | -€47,318 | -51.0% |
| Financial debts | 170/4 | €92,692 | €45,375 | -€47,318 | -51.0% |
| Amounts payable within one year | 42/48 | €12,132 | €52,687 | +€40,555 | +334% |
| Current portion of amounts payable after more than one year | 42 | €2,272 | €26,506 | +€24,234 | +1,067% |
| Trade debts | 44 | €1,284 | €2,650 | +€1,366 | +106% |
| Suppliers | 440/4 | €1,284 | €2,650 | +€1,366 | +106% |
| Taxes, remuneration and social security | 45 | €8,576 | €23,531 | +€14,955 | +174% |
| Taxes | 450/3 | €8,576 | €23,531 | +€14,955 | +174% |
| Gross operating margin | 9900 | €30,171 | €43,946 | +€13,775 | +45.7% |
| Operating profit (loss) | 9901 | €30,171 | €43,946 | +€13,775 | +45.7% |
| Financial charges | 65/66B | €9,933 | €4,254 | -€5,679 | -57.2% |
| Recurring financial charges | 65 | €9,933 | €4,254 | -€5,679 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €20,238 | €39,692 | +€19,454 | +96.1% |
| Income taxes | 67/77 | €6,853 | €12,629 | +€5,776 | +84.3% |
| Profit (loss) for the period | 9904 | €13,385 | €27,063 | +€13,678 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €13,385 | €27,063 | +€13,678 | +102% |
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.