IMMO LINKEBEEK: 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.
IMMO LINKEBEEK
Largest movements
- Receivables within one year +€42,015
up €42,015 (+78.8%), from €53,316 to €95,330
of which Trade receivables: +€28,919
- Cash +€17,131
up €17,131 (+14.8%), from €115,846 to €132,977
mainly Other debts (+€49,270) and Net result for the year (+€39,126)
- Tangible fixed assets -€7,086
down €7,086 (-6.4%), from €111,412 to €104,325
of which Furniture and vehicles: -€11,552
- Stocks and contracts +€4,024
up €4,024 (+12.0%), from €33,452 to €37,475
- Other debts +€49,270
up €49,270 (+6,745%), from €730 to €50,000
- Tax, wage and social debts +€35,930
up €35,930 (+382%), from €9,407 to €45,337
of which Taxes: +€29,103
- Debts after one year -€15,387
down €15,387 (-32.3%), from €47,672 to €32,285
- Reserves -€12,735
down €12,735 (-5.7%), from €222,908 to €210,173
of which Distributable reserves: -€12,735
- Current portion of long-term debt -€7,072
down €7,072 (-31.5%), from €22,459 to €15,387
- Gross operating margin +€111,665
up €111,665 (+279%), from €39,963 to €151,628
- Staff costs +€32,594
up €32,594 (+202%), from €16,151 to €48,745
- Taxes +€15,166
up €15,166 (+689%), from €2,202 to €17,368
- Depreciation -€5,594
down €5,594 (-19.3%), from €29,051 to €23,457
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 | €323,750 | €377,419 | +€53,669 | +16.6% |
| Fixed assets | 21/28 | €116,038 | €108,552 | -€7,486 | -6.5% |
| Intangible fixed assets | 21 | €1,044 | €644 | -€400 | -38.3% |
| Tangible fixed assets | 22/27 | €111,412 | €104,325 | -€7,086 | -6.4% |
| Plant, machinery and equipment | 23 | €468 | €212 | -€256 | -54.7% |
| Furniture and vehicles | 24 | €96,793 | €85,241 | -€11,552 | -11.9% |
| Other tangible fixed assets | 26 | €14,151 | €18,872 | +€4,722 | +33.4% |
| Financial fixed assets | 28 | €3,582 | €3,582 | = | 0.0% |
| Current assets | 29/58 | €207,711 | €268,867 | +€61,156 | +29.4% |
| Stocks and contracts in progress | 3 | €33,452 | €37,475 | +€4,024 | +12.0% |
| Contracts in progress | 37 | €33,452 | €37,475 | +€4,024 | +12.0% |
| Amounts receivable within one year | 40/41 | €53,316 | €95,330 | +€42,015 | +78.8% |
| Trade receivables | 40 | - | €28,919 | +€28,919 | |
| Other amounts receivable | 41 | €53,316 | €66,411 | +€13,096 | +24.6% |
| Cash at bank and in hand | 54/58 | €115,846 | €132,977 | +€17,131 | +14.8% |
| Deferred charges and accrued income | 490/1 | €5,099 | €3,085 | -€2,014 | -39.5% |
| Total equity and liabilities | 10/49 | €323,750 | €377,419 | +€53,669 | +16.6% |
| Equity | 10/15 | €239,639 | €228,765 | -€10,874 | -4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €222,908 | €210,173 | -€12,735 | -5.7% |
| Tax-exempt reserves | 132 | €6,049 | €6,049 | = | 0.0% |
| Distributable reserves | 133 | €216,859 | €204,124 | -€12,735 | -5.9% |
| Profit (loss) carried forward | 14 | -€1,861 | €0 | +€1,861 | |
| Amounts payable | 17/49 | €84,111 | €148,654 | +€64,543 | +76.7% |
| Amounts payable after more than one year | 17 | €47,672 | €32,285 | -€15,387 | -32.3% |
| Financial debts | 170/4 | €47,672 | €32,285 | -€15,387 | -32.3% |
| Amounts payable within one year | 42/48 | €36,312 | €116,262 | +€79,950 | +220% |
| Current portion of amounts payable after more than one year | 42 | €22,459 | €15,387 | -€7,072 | -31.5% |
| Trade debts | 44 | €3,715 | €5,538 | +€1,823 | +49.1% |
| Suppliers | 440/4 | €3,715 | €5,538 | +€1,823 | +49.1% |
| Taxes, remuneration and social security | 45 | €9,407 | €45,337 | +€35,930 | +382% |
| Taxes | 450/3 | €6,616 | €35,720 | +€29,103 | +440% |
| Remuneration and social security | 454/9 | €2,791 | €9,618 | +€6,827 | +245% |
| Other amounts payable | 47/48 | €730 | €50,000 | +€49,270 | +6,745% |
| Accrued charges and deferred income | 492/3 | €127 | €107 | -€20 | -15.8% |
| Non-recurring operating income | 76A | - | €33,351 | +€33,351 | |
| Remuneration, social security and pensions | 62 | €16,151 | €48,745 | +€32,594 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,051 | €23,457 | -€5,594 | -19.3% |
| Other operating charges | 640/8 | €2,400 | €3,573 | +€1,172 | +48.8% |
| Non-recurring operating charges | 66A | - | €16,148 | +€16,148 | |
| Gross operating margin | 9900 | €39,963 | €151,628 | +€111,665 | +279% |
| Operating profit (loss) | 9901 | -€7,640 | €59,705 | +€67,345 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €3,866 | €3,212 | -€654 | -16.9% |
| Recurring financial charges | 65 | €3,866 | €3,212 | -€654 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,503 | €56,494 | +€67,997 | |
| Income taxes | 67/77 | €2,202 | €17,368 | +€15,166 | +689% |
| Profit (loss) for the period | 9904 | -€13,704 | €39,126 | +€52,831 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,704 | €39,126 | +€52,831 |
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 23 October 2026 via checked.be.