C-LINK: what changed
C-LINK
Largest movements
- Receivables within one year -€10,008
down €10,008 (-47.4%), from €21,093 to €11,085
- Cash +€6,659
up €6,659 (+23.4%), from €28,478 to €35,137
mainly Receivables within one year (+€10,008) and Tax, wage and social debts (+€8,269)
- Profit (loss) carried forward -€8,992
down €8,992 (-105%), from -€8,558 to -€17,550
- Tax, wage and social debts +€8,269
up €8,269 (+133%), from €6,222 to €14,491
of which Remuneration and social security: +€9,644
- Other debts -€3,716
down €3,716 (-55.1%), from €6,742 to €3,026
- Trade debts +€1,111
up €1,111 (+168%), from €662 to €1,773
- Gross operating margin -€14,850
down €14,850, from €7,144 to -€7,706
- Taxes -€1,407
down €1,407 (-90.9%), from €1,548 to €141
- Depreciation -€334
no longer reported in 2025 (was €334)
- Other operating charges +€203
up €203 (+29.8%), from €682 to €885
- Financial charges -€93
down €93 (-26.2%), from €355 to €262
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,210 | €46,882 | -€3,328 | -6.6% |
| Current assets | 29/58 | €50,210 | €46,882 | -€3,328 | -6.6% |
| Amounts receivable within one year | 40/41 | €21,093 | €11,085 | -€10,008 | -47.4% |
| Trade receivables | 40 | €21,093 | €11,085 | -€10,008 | -47.4% |
| Cash at bank and in hand | 54/58 | €28,478 | €35,137 | +€6,659 | +23.4% |
| Deferred charges and accrued income | 490/1 | €639 | €660 | +€21 | +3.3% |
| Total equity and liabilities | 10/49 | €50,210 | €46,882 | -€3,328 | -6.6% |
| Equity | 10/15 | €36,584 | €27,592 | -€8,992 | -24.6% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €1,761 | €1,761 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,761 | €1,761 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,761 | €1,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,558 | -€17,550 | -€8,992 | -105% |
| Amounts payable | 17/49 | €13,626 | €19,290 | +€5,664 | +41.6% |
| Amounts payable within one year | 42/48 | €13,626 | €19,290 | +€5,664 | +41.6% |
| Trade debts | 44 | €662 | €1,773 | +€1,111 | +168% |
| Suppliers | 440/4 | €662 | €1,773 | +€1,111 | +168% |
| Taxes, remuneration and social security | 45 | €6,222 | €14,491 | +€8,269 | +133% |
| Taxes | 450/3 | €6,222 | €4,847 | -€1,375 | -22.1% |
| Remuneration and social security | 454/9 | - | €9,644 | +€9,644 | |
| Other amounts payable | 47/48 | €6,742 | €3,026 | -€3,716 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | - | -€334 | |
| Other operating charges | 640/8 | €682 | €885 | +€203 | +29.8% |
| Gross operating margin | 9900 | €7,144 | -€7,706 | -€14,850 | |
| Operating profit (loss) | 9901 | €6,128 | -€8,591 | -€14,719 | |
| Financial income | 75/76B | €54 | €2 | -€52 | -96.3% |
| Recurring financial income | 75 | €54 | €2 | -€52 | -96.3% |
| Financial charges | 65/66B | €355 | €262 | -€93 | -26.2% |
| Recurring financial charges | 65 | €355 | €262 | -€93 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €5,827 | -€8,851 | -€14,678 | |
| Income taxes | 67/77 | €1,548 | €141 | -€1,407 | -90.9% |
| Profit (loss) for the period | 9904 | €4,279 | -€8,992 | -€13,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,279 | -€8,992 | -€13,271 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.