LINC projects: 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 projects
Largest movements
- Cash -€17,567
down €17,567 (-75.3%), from €23,336 to €5,768
mainly Net result for the year (-€93,274) and Investment in fixed assets (net) (-€19,300)
- Receivables within one year +€8,953
up €8,953 (+12.3%), from €72,623 to €81,576
of which Other amounts receivable: +€5,740
- Intangible fixed assets +€8,482
up €8,482, from €0 to €8,482
- Tangible fixed assets +€6,380
up €6,380 (+730%), from €874 to €7,254
of which Plant, machinery and equipment: +€5,173
- Profit (loss) carried forward -€61,274
down €61,274, from €223 to -€61,052
- Debts after one year +€60,000
up €60,000 (+323%), from €18,600 to €78,600
- Reserves -€32,000
down €32,000 (-100%), from €32,000 to €0
- Trade debts +€23,608
up €23,608 (+437%), from €5,405 to €29,013
- Advances received +€15,092
new in 2025: €15,092
- Gross operating margin -€110,217
down €110,217, from €21,655 to -€88,562
- Write-downs -€18,200
down €18,200 (-100%), from €18,200 to €0
- Depreciation +€2,753
up €2,753 (+163%), from €1,684 to €4,437
- Financial charges -€1,126
down €1,126 (-89.1%), from €1,264 to €138
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 | €97,283 | €103,174 | +€5,891 | +6.1% |
| Fixed assets | 21/28 | €874 | €15,736 | +€14,863 | +1,701% |
| Intangible fixed assets | 21 | €0 | €8,482 | +€8,482 | |
| Tangible fixed assets | 22/27 | €874 | €7,254 | +€6,380 | +730% |
| Plant, machinery and equipment | 23 | - | €5,173 | +€5,173 | |
| Furniture and vehicles | 24 | €874 | €486 | -€388 | -44.4% |
| Other tangible fixed assets | 26 | - | €1,595 | +€1,595 | |
| Current assets | 29/58 | €96,409 | €87,437 | -€8,971 | -9.3% |
| Amounts receivable within one year | 40/41 | €72,623 | €81,576 | +€8,953 | +12.3% |
| Trade receivables | 40 | €72,623 | €75,836 | +€3,213 | +4.4% |
| Other amounts receivable | 41 | €0 | €5,740 | +€5,740 | |
| Cash at bank and in hand | 54/58 | €23,336 | €5,768 | -€17,567 | -75.3% |
| Deferred charges and accrued income | 490/1 | €450 | €93 | -€357 | -79.4% |
| Total equity and liabilities | 10/49 | €97,283 | €103,174 | +€5,891 | +6.1% |
| Equity | 10/15 | €52,683 | -€40,592 | -€93,274 | |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €32,000 | €0 | -€32,000 | -100% |
| Distributable reserves | 133 | €32,000 | €0 | -€32,000 | -100% |
| Profit (loss) carried forward | 14 | €223 | -€61,052 | -€61,274 | |
| Amounts payable | 17/49 | €44,600 | €143,766 | +€99,166 | +222% |
| Amounts payable after more than one year | 17 | €18,600 | €78,600 | +€60,000 | +323% |
| Financial debts | 170/4 | €18,600 | €78,600 | +€60,000 | +323% |
| Amounts payable within one year | 42/48 | €26,000 | €65,166 | +€39,166 | +151% |
| Trade debts | 44 | €5,405 | €29,013 | +€23,608 | +437% |
| Suppliers | 440/4 | €5,405 | €29,013 | +€23,608 | +437% |
| Advances received on contracts in progress | 46 | - | €15,092 | +€15,092 | |
| Taxes, remuneration and social security | 45 | €10,375 | €7,176 | -€3,199 | -30.8% |
| Taxes | 450/3 | €10,375 | €3,633 | -€6,741 | -65.0% |
| Remuneration and social security | 454/9 | - | €3,542 | +€3,542 | |
| Other amounts payable | 47/48 | €10,220 | €13,885 | +€3,665 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,684 | €4,437 | +€2,753 | +163% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,200 | €0 | -€18,200 | -100% |
| Other operating charges | 640/8 | €560 | €241 | -€320 | -57.1% |
| Gross operating margin | 9900 | €21,655 | -€88,562 | -€110,217 | |
| Operating profit (loss) | 9901 | €1,211 | -€93,240 | -€94,450 | |
| Financial income | 75/76B | €20 | €105 | +€85 | +415% |
| Recurring financial income | 75 | €20 | €105 | +€85 | +415% |
| Financial charges | 65/66B | €1,264 | €138 | -€1,126 | -89.1% |
| Recurring financial charges | 65 | €1,264 | €138 | -€1,126 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | -€33 | -€93,273 | -€93,240 | -285,661% |
| Income taxes | 67/77 | €630 | €2 | -€628 | -99.7% |
| Profit (loss) for the period | 9904 | -€662 | -€93,274 | -€92,612 | -13,981% |
| Profit (loss) for the period to be appropriated | 9905 | -€662 | -€93,274 | -€92,612 | -13,981% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.