LINC: 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.
LINC
Largest movements
- Cash -€58,131
down €58,131 (-30.1%), from €193,187 to €135,056
mainly Net result for the year (-€47,267) and Investment in fixed assets (net) (-€12,643)
- Receivables within one year -€8,815
down €8,815 (-64.1%), from €13,751 to €4,936
- Deferred charges and accrued income +€8,081
up €8,081 (+22.3%), from €36,298 to €44,379
- Intangible fixed assets +€3,264
up €3,264 (+16.7%), from €19,562 to €22,826
- Profit (loss) carried forward -€47,267
down €47,267, from €18,628 to -€28,639
- Trade debts -€5,141
down €5,141 (-67.1%), from €7,657 to €2,516
- Provisions -€3,581
down €3,581 (-64.0%), from €5,599 to €2,018
- Gross operating margin +€12,058
up €12,058 (+4.5%), from €266,484 to €278,542
- Depreciation +€4,543
up €4,543 (+76.1%), from €5,973 to €10,516
- Staff costs -€3,541
down €3,541 (-1.1%), from €321,055 to €317,513
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 | €264,284 | €207,547 | -€56,737 | -21.5% |
| Fixed assets | 21/28 | €21,049 | €23,177 | +€2,128 | +10.1% |
| Intangible fixed assets | 21 | €19,562 | €22,826 | +€3,264 | +16.7% |
| Tangible fixed assets | 22/27 | €1,487 | €351 | -€1,136 | -76.4% |
| Plant, machinery and equipment | 23 | €1,487 | - | -€1,487 | |
| Furniture and vehicles | 24 | - | €351 | +€351 | |
| Current assets | 29/58 | €243,235 | €184,371 | -€58,864 | -24.2% |
| Amounts receivable within one year | 40/41 | €13,751 | €4,936 | -€8,815 | -64.1% |
| Trade receivables | 40 | €13,751 | €4,936 | -€8,815 | -64.1% |
| Cash at bank and in hand | 54/58 | €193,187 | €135,056 | -€58,131 | -30.1% |
| Deferred charges and accrued income | 490/1 | €36,298 | €44,379 | +€8,081 | +22.3% |
| Total equity and liabilities | 10/49 | €264,284 | €207,547 | -€56,737 | -21.5% |
| Equity | 10/15 | €192,831 | €145,564 | -€47,267 | -24.5% |
| Reserves | 13 | €174,203 | €174,203 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,628 | -€28,639 | -€47,267 | |
| Provisions and deferred taxes | 16 | €5,599 | €2,018 | -€3,581 | -64.0% |
| Provisions for liabilities and charges | 160/5 | €5,599 | €2,018 | -€3,581 | -64.0% |
| Other liabilities and charges | 164/5 | €5,599 | €2,018 | -€3,581 | -64.0% |
| Amounts payable | 17/49 | €65,854 | €59,966 | -€5,888 | -8.9% |
| Amounts payable within one year | 42/48 | €47,606 | €42,152 | -€5,454 | -11.5% |
| Trade debts | 44 | €7,657 | €2,516 | -€5,141 | -67.1% |
| Suppliers | 440/4 | €7,657 | €2,516 | -€5,141 | -67.1% |
| Taxes, remuneration and social security | 45 | €39,949 | €39,636 | -€313 | -0.8% |
| Taxes | 450/3 | - | €4,961 | +€4,961 | |
| Remuneration and social security | 454/9 | €39,949 | €34,675 | -€5,274 | -13.2% |
| Accrued charges and deferred income | 492/3 | €18,248 | €17,814 | -€434 | -2.4% |
| Remuneration, social security and pensions | 62 | €321,055 | €317,513 | -€3,541 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,973 | €10,516 | +€4,543 | +76.1% |
| Other operating charges | 640/8 | - | €1,732 | +€1,732 | |
| Gross operating margin | 9900 | €266,484 | €278,542 | +€12,058 | +4.5% |
| Operating profit (loss) | 9901 | -€24,719 | -€47,638 | -€22,918 | -92.7% |
| Financial income | 75/76B | €570 | €581 | +€12 | +2.0% |
| Recurring financial income | 75 | €570 | €581 | +€12 | +2.0% |
| Financial charges | 65/66B | €787 | €211 | -€576 | -73.2% |
| Recurring financial charges | 65 | €787 | €211 | -€576 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,937 | -€47,267 | -€22,331 | -89.5% |
| Profit (loss) for the period | 9904 | -€24,937 | -€47,267 | -€22,331 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,937 | -€47,267 | -€22,331 | -89.5% |
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.