Link 2 Events: 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.
Link 2 Events
Largest movements
- Cash +€30,383
up €30,383 (+32.6%), from €93,182 to €123,564
mainly Net result for the year (+€70,517) and Other debts (+€27,124)
- Receivables within one year -€23,311
down €23,311 (-13.7%), from €169,646 to €146,336
of which Trade receivables: -€44,690
- Intangible fixed assets +€9,605
up €9,605, from €0 to €9,605
- Financial fixed assets -€5,000
down €5,000 (-60.1%), from €8,320 to €3,320
- Profit (loss) carried forward +€70,517
up €70,517, from -€18,230 to €52,287
- Short-term financial debts -€60,000
down €60,000 (-100%), from €60,000 to €0
- Tax, wage and social debts -€36,482
down €36,482 (-20.2%), from €180,434 to €143,952
of which Remuneration and social security: -€36,872
- Other debts +€27,124
up €27,124 (+98.1%), from €27,648 to €54,771
- Trade debts +€11,460
up €11,460 (+115%), from €9,999 to €21,459
- Gross operating margin +€116,579
up €116,579 (+7.5%), from €1.5m to €1.7m
- Staff costs +€81,094
up €81,094 (+5.5%), from €1.5m to €1.6m
- Other operating charges +€23,491
up €23,491 (+7,491%), from €314 to €23,804
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 | €282,369 | €293,455 | +€11,086 | +3.9% |
| Fixed assets | 21/28 | €16,311 | €19,211 | +€2,900 | +17.8% |
| Intangible fixed assets | 21 | €0 | €9,605 | +€9,605 | |
| Tangible fixed assets | 22/27 | €7,992 | €6,286 | -€1,706 | -21.3% |
| Plant, machinery and equipment | 23 | €757 | €571 | -€186 | -24.6% |
| Furniture and vehicles | 24 | €1,198 | €726 | -€472 | -39.4% |
| Other tangible fixed assets | 26 | €6,036 | €4,988 | -€1,048 | -17.4% |
| Financial fixed assets | 28 | €8,320 | €3,320 | -€5,000 | -60.1% |
| Current assets | 29/58 | €266,058 | €274,244 | +€8,186 | +3.1% |
| Amounts receivable within one year | 40/41 | €169,646 | €146,336 | -€23,311 | -13.7% |
| Trade receivables | 40 | €169,521 | €124,831 | -€44,690 | -26.4% |
| Other amounts receivable | 41 | €125 | €21,504 | +€21,380 | +17,156% |
| Cash at bank and in hand | 54/58 | €93,182 | €123,564 | +€30,383 | +32.6% |
| Deferred charges and accrued income | 490/1 | €3,230 | €4,344 | +€1,114 | +34.5% |
| Total equity and liabilities | 10/49 | €282,369 | €293,455 | +€11,086 | +3.9% |
| Equity | 10/15 | €370 | €70,887 | +€70,517 | +19,052% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,230 | €52,287 | +€70,517 | |
| Amounts payable | 17/49 | €281,999 | €222,569 | -€59,431 | -21.1% |
| Amounts payable within one year | 42/48 | €278,081 | €220,183 | -€57,899 | -20.8% |
| Financial debts | 43 | €60,000 | €0 | -€60,000 | -100% |
| Credit institutions | 430/8 | €60,000 | €0 | -€60,000 | -100% |
| Trade debts | 44 | €9,999 | €21,459 | +€11,460 | +115% |
| Suppliers | 440/4 | €9,999 | €21,459 | +€11,460 | +115% |
| Taxes, remuneration and social security | 45 | €180,434 | €143,952 | -€36,482 | -20.2% |
| Taxes | 450/3 | €93,812 | €94,202 | +€390 | +0.4% |
| Remuneration and social security | 454/9 | €86,622 | €49,750 | -€36,872 | -42.6% |
| Other amounts payable | 47/48 | €27,648 | €54,771 | +€27,124 | +98.1% |
| Accrued charges and deferred income | 492/3 | €3,918 | €2,386 | -€1,532 | -39.1% |
| Remuneration, social security and pensions | 62 | €1,470,863 | €1,551,958 | +€81,094 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,864 | €2,100 | +€236 | +12.7% |
| Other operating charges | 640/8 | €314 | €23,804 | +€23,491 | +7,491% |
| Gross operating margin | 9900 | €1,549,721 | €1,666,300 | +€116,579 | +7.5% |
| Operating profit (loss) | 9901 | €76,680 | €88,438 | +€11,758 | +15.3% |
| Financial income | 75/76B | €650 | €3,075 | +€2,426 | +373% |
| Recurring financial income | 75 | €650 | €3,075 | +€2,426 | +373% |
| Financial charges | 65/66B | €14,770 | €7,917 | -€6,852 | -46.4% |
| Recurring financial charges | 65 | €14,770 | €7,917 | -€6,852 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €62,560 | €83,596 | +€21,036 | +33.6% |
| Income taxes | 67/77 | €164 | €13,080 | +€12,915 | +7,864% |
| Profit (loss) for the period | 9904 | €62,396 | €70,517 | +€8,121 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,396 | €70,517 | +€8,121 | +13.0% |
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 17 October 2026 via checked.be.