ULINK: 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.
ULINK
Largest movements
- Receivables within one year +€1,369
up €1,369 (+1.8%), from €76,756 to €78,125
of which Other amounts receivable: +€6,952
- Trade debts -€8,249
down €8,249 (-80.0%), from €10,309 to €2,059
- Tax, wage and social debts +€6,426
up €6,426 (+85.9%), from €7,478 to €13,904
of which Remuneration and social security: +€4,318
- Reserves +€4,000
up €4,000 (+4.9%), from €82,352 to €86,352
of which Distributable reserves: +€4,000
- Gross operating margin -€2,638
down €2,638 (-28.2%), from €9,362 to €6,724
- Taxes +€2,181
up €2,181 (+1,709%), from €128 to €2,309
- Depreciation +€1,073
up €1,073 (+39.3%), from €2,731 to €3,804
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 | €110,510 | €112,846 | +€2,336 | +2.1% |
| Fixed assets | 21/28 | €9,539 | €10,203 | +€664 | +7.0% |
| Tangible fixed assets | 22/27 | €9,539 | €10,203 | +€664 | +7.0% |
| Plant, machinery and equipment | 23 | €5,026 | €4,338 | -€688 | -13.7% |
| Furniture and vehicles | 24 | €4,513 | €5,865 | +€1,352 | +30.0% |
| Current assets | 29/58 | €100,971 | €102,642 | +€1,672 | +1.7% |
| Amounts receivable within one year | 40/41 | €76,756 | €78,125 | +€1,369 | +1.8% |
| Trade receivables | 40 | €10,301 | €4,719 | -€5,583 | -54.2% |
| Other amounts receivable | 41 | €66,454 | €73,407 | +€6,952 | +10.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €24,215 | €24,424 | +€209 | +0.9% |
| Deferred charges and accrued income | 490/1 | - | €94 | +€94 | |
| Total equity and liabilities | 10/49 | €110,510 | €112,846 | +€2,336 | +2.1% |
| Equity | 10/15 | €92,723 | €96,882 | +€4,159 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,352 | €86,352 | +€4,000 | +4.9% |
| 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 | €80,492 | €84,492 | +€4,000 | +5.0% |
| Profit (loss) carried forward | 14 | €4,172 | €4,330 | +€159 | +3.8% |
| Amounts payable | 17/49 | €17,787 | €15,964 | -€1,823 | -10.2% |
| Amounts payable within one year | 42/48 | €17,787 | €15,964 | -€1,823 | -10.2% |
| Trade debts | 44 | €10,309 | €2,059 | -€8,249 | -80.0% |
| Suppliers | 440/4 | €10,309 | €2,059 | -€8,249 | -80.0% |
| Taxes, remuneration and social security | 45 | €7,478 | €13,904 | +€6,426 | +85.9% |
| Taxes | 450/3 | €7,478 | €9,587 | +€2,108 | +28.2% |
| Remuneration and social security | 454/9 | - | €4,318 | +€4,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,731 | €3,804 | +€1,073 | +39.3% |
| Other operating charges | 640/8 | €5 | €0 | -€5 | -100% |
| Gross operating margin | 9900 | €9,362 | €6,724 | -€2,638 | -28.2% |
| Operating profit (loss) | 9901 | €6,625 | €2,919 | -€3,706 | -55.9% |
| Financial income | 75/76B | €3,874 | €3,879 | +€5 | +0.1% |
| Recurring financial income | 75 | €3,874 | €3,879 | +€5 | +0.1% |
| Financial charges | 65/66B | €330 | €330 | +€0 | 0.0% |
| Recurring financial charges | 65 | €330 | €330 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €10,169 | €6,468 | -€3,701 | -36.4% |
| Income taxes | 67/77 | €128 | €2,309 | +€2,181 | +1,709% |
| Profit (loss) for the period | 9904 | €10,041 | €4,159 | -€5,882 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,041 | €4,159 | -€5,882 | -58.6% |
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.