Linckable: what changed
Two fiscal 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.
Linckable
Largest movements
- Tangible fixed assets +€200,537
up €200,537 (+579.8%), from €34,586 to €235,123
of which Land and buildings: +€211,215
- Cash +€36,826
up €36,826 (+167.1%), from €22,035 to €58,861
mainly Debts after one year (+€165,122) and Net result for the year (+€38,569)
- Current investments -€35,945
down €35,945 (-36.3%), from €98,945 to €63,000
- Debts after one year +€165,122
new in 2025: €165,122
- Reserves +€38,568
up €38,568 (+30.3%), from €127,477 to €166,045
- Other debts -€11,437
down €11,437 (-59.0%), from €19,383 to €7,946
- Current portion of long-term debt +€9,131
new in 2025: €9,131
- Trade debts +€3,829
up €3,829 (+323.4%), from €1,184 to €5,013
- Depreciation +€1,171
up €1,171 (+11.2%), from €10,496 to €11,667
- Other operating charges +€1,082
up €1,082 (+183.1%), from €591 to €1,673
- Financial income -€1,040
down €1,040 (-43.4%), from €2,394 to €1,354
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 | €166,486 | €371,094 | +€204,608 | +122.9% |
| Fixed assets | 21/28 | €34,586 | €235,123 | +€200,537 | +579.8% |
| Tangible fixed assets | 22/27 | €34,586 | €235,123 | +€200,537 | +579.8% |
| Land and buildings | 22 | - | €211,215 | +€211,215 | |
| Plant, machinery and equipment | 23 | €1,572 | €1,180 | -€392 | -24.9% |
| Furniture and vehicles | 24 | €33,014 | €22,728 | -€10,286 | -31.2% |
| Current assets | 29/58 | €131,900 | €135,971 | +€4,071 | +3.1% |
| Amounts receivable within one year | 40/41 | €10,648 | €13,970 | +€3,322 | +31.2% |
| Trade receivables | 40 | €10,648 | €13,843 | +€3,195 | +30.0% |
| Other amounts receivable | 41 | - | €127 | +€127 | |
| Current investments | 50/53 | €98,945 | €63,000 | -€35,945 | -36.3% |
| Cash at bank and in hand | 54/58 | €22,035 | €58,861 | +€36,826 | +167.1% |
| Deferred charges and accrued income | 490/1 | €272 | €140 | -€132 | -48.5% |
| Total equity and liabilities | 10/49 | €166,486 | €371,094 | +€204,608 | +122.9% |
| Equity | 10/15 | €129,977 | €168,545 | +€38,568 | +29.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €127,477 | €166,045 | +€38,568 | +30.3% |
| Distributable reserves | 133 | €127,477 | €166,045 | +€38,568 | +30.3% |
| Amounts payable | 17/49 | €36,509 | €202,549 | +€166,040 | +454.8% |
| Amounts payable after more than one year | 17 | - | €165,122 | +€165,122 | |
| Financial debts | 170/4 | - | €165,122 | +€165,122 | |
| Amounts payable within one year | 42/48 | €36,509 | €37,427 | +€918 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,131 | +€9,131 | |
| Trade debts | 44 | €1,184 | €5,013 | +€3,829 | +323.4% |
| Suppliers | 440/4 | €1,184 | €5,013 | +€3,829 | +323.4% |
| Taxes, remuneration and social security | 45 | €15,942 | €15,337 | -€605 | -3.8% |
| Taxes | 450/3 | €13,137 | €12,510 | -€627 | -4.8% |
| Remuneration and social security | 454/9 | €2,805 | €2,827 | +€22 | +0.8% |
| Other amounts payable | 47/48 | €19,383 | €7,946 | -€11,437 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,496 | €11,667 | +€1,171 | +11.2% |
| Other operating charges | 640/8 | €591 | €1,673 | +€1,082 | +183.1% |
| Gross operating margin | 9900 | €62,315 | €62,311 | -€4 | 0.0% |
| Operating profit (loss) | 9901 | €51,228 | €48,971 | -€2,257 | -4.4% |
| Financial income | 75/76B | €2,394 | €1,354 | -€1,040 | -43.4% |
| Recurring financial income | 75 | €2,394 | €1,354 | -€1,040 | -43.4% |
| Financial charges | 65/66B | €2,155 | €1,883 | -€272 | -12.6% |
| Recurring financial charges | 65 | €2,155 | €1,883 | -€272 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €51,467 | €48,442 | -€3,025 | -5.9% |
| Income taxes | 67/77 | €10,482 | €9,873 | -€609 | -5.8% |
| Profit (loss) for the period | 9904 | €40,985 | €38,569 | -€2,416 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,985 | €38,569 | -€2,416 | -5.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.