Ledgerlink Labs: 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.
Ledgerlink Labs
Largest movements
- Tangible fixed assets -€832,210
down €832,210 (-99.9%), from €832,781 to €571
of which Land and buildings: -€526,140
- Debts after one year -€394,718
no longer reported in 2025 (was €394,718)
- Other debts -€384,163
down €384,163 (-81.3%), from €472,433 to €88,269
- Current portion of long-term debt -€32,173
no longer reported in 2025 (was €32,173)
- Profit (loss) carried forward -€22,824
down €22,824 (-27.6%), from -€82,691 to -€105,515
- Gross operating margin +€50,468
up €50,468, from -€36,077 to €14,392
- Depreciation -€35,018
down €35,018 (-99.5%), from €35,176 to €158
- Other operating charges +€25,241
up €25,241 (+519.5%), from €4,858 to €30,099
- Financial income -€2,137
no longer reported in 2025 (was €2,137)
- Financial charges -€1,727
down €1,727 (-19.9%), from €8,685 to €6,958
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.
Cash bridge derived
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 | €841,021 | €10,387 | -€830,634 | -98.8% |
| Fixed assets | 21/28 | €832,781 | €571 | -€832,210 | -99.9% |
| Tangible fixed assets | 22/27 | €832,781 | €571 | -€832,210 | -99.9% |
| Land and buildings | 22 | €526,140 | - | -€526,140 | |
| Furniture and vehicles | 24 | - | €571 | +€571 | |
| Other tangible fixed assets | 26 | €306,641 | - | -€306,641 | |
| Current assets | 29/58 | €8,240 | €9,816 | +€1,576 | +19.1% |
| Amounts receivable within one year | 40/41 | €7,839 | €9,624 | +€1,785 | +22.8% |
| Trade receivables | 40 | €6,007 | €8,688 | +€2,681 | +44.6% |
| Other amounts receivable | 41 | €1,832 | €936 | -€896 | -48.9% |
| Cash at bank and in hand | 54/58 | €116 | €192 | +€76 | +65.2% |
| Deferred charges and accrued income | 490/1 | €285 | - | -€285 | |
| Total equity and liabilities | 10/49 | €841,021 | €10,387 | -€830,634 | -98.8% |
| Equity | 10/15 | -€65,531 | -€88,355 | -€22,824 | -34.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,160 | €16,160 | = | 0.0% |
| Distributable reserves | 133 | €16,160 | €16,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,691 | -€105,515 | -€22,824 | -27.6% |
| Amounts payable | 17/49 | €906,552 | €98,742 | -€807,810 | -89.1% |
| Amounts payable after more than one year | 17 | €394,718 | - | -€394,718 | |
| Financial debts | 170/4 | €394,718 | - | -€394,718 | |
| Amounts payable within one year | 42/48 | €511,834 | €98,742 | -€413,092 | -80.7% |
| Current portion of amounts payable after more than one year | 42 | €32,173 | - | -€32,173 | |
| Trade debts | 44 | €7,195 | €10,473 | +€3,277 | +45.5% |
| Suppliers | 440/4 | €7,195 | €10,473 | +€3,277 | +45.5% |
| Taxes, remuneration and social security | 45 | €32 | - | -€32 | |
| Taxes | 450/3 | €32 | - | -€32 | |
| Other amounts payable | 47/48 | €472,433 | €88,269 | -€384,163 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,176 | €158 | -€35,018 | -99.5% |
| Other operating charges | 640/8 | €4,858 | €30,099 | +€25,241 | +519.5% |
| Gross operating margin | 9900 | -€36,077 | €14,392 | +€50,468 | |
| Operating profit (loss) | 9901 | -€76,111 | -€15,866 | +€60,245 | +79.2% |
| Financial income | 75/76B | €2,137 | - | -€2,137 | |
| Recurring financial income | 75 | €2,137 | - | -€2,137 | |
| Financial charges | 65/66B | €8,685 | €6,958 | -€1,727 | -19.9% |
| Recurring financial charges | 65 | €8,685 | €6,958 | -€1,727 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€82,659 | -€22,824 | +€59,835 | +72.4% |
| Income taxes | 67/77 | €32 | - | -€32 | |
| Profit (loss) for the period | 9904 | -€82,691 | -€22,824 | +€59,867 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,691 | -€22,824 | +€59,867 | +72.4% |
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 10 October 2026 via checked.be.