LINK BUSINESS: 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 BUSINESS
Largest movements
- Current investments +€450,000
new in 2024: €450,000
- Receivables within one year -€351,004
down €351,004 (-95.7%), from €366,711 to €15,707
of which Other amounts receivable: -€351,004
- Cash -€84,906
down €84,906 (-38.8%), from €218,769 to €133,863
- Revaluation surpluses -€22,911
down €22,911 (-5.3%), from €432,778 to €409,867
- Reserves +€22,911
up €22,911 (+10.4%), from €219,373 to €242,284
of which Distributable reserves: +€22,911
- Profit (loss) carried forward +€11,665
up €11,665 (+8.2%), from -€142,654 to -€130,989
- Gross operating margin +€20,685
up €20,685 (+49.0%), from €42,244 to €62,929
- Depreciation +€15,303
up €15,303 (+68.5%), from €22,331 to €37,634
- Financial income +€7,341
new in 2024: €7,341
- Taxes +€5,252
up €5,252 (+77.1%), from €6,809 to €12,061
- Other operating charges +€2,588
up €2,588 (+45.3%), from €5,713 to €8,301
From the 2023 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,053,304 | €1,059,478 | +€6,174 | +0.6% |
| Fixed assets | 21/28 | €467,825 | €459,908 | -€7,917 | -1.7% |
| Tangible fixed assets | 22/27 | €467,825 | €459,908 | -€7,917 | -1.7% |
| Land and buildings | 22 | €447,627 | €452,770 | +€5,143 | +1.1% |
| Plant, machinery and equipment | 23 | €4,959 | - | -€4,959 | |
| Furniture and vehicles | 24 | €15,238 | €7,138 | -€8,100 | -53.2% |
| Current assets | 29/58 | €585,479 | €599,570 | +€14,091 | +2.4% |
| Amounts receivable within one year | 40/41 | €366,711 | €15,707 | -€351,004 | -95.7% |
| Trade receivables | 40 | €6,650 | €6,650 | +€0 | 0.0% |
| Other amounts receivable | 41 | €360,061 | €9,057 | -€351,004 | -97.5% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €218,769 | €133,863 | -€84,906 | -38.8% |
| Total equity and liabilities | 10/49 | €1,053,304 | €1,059,478 | +€6,174 | +0.6% |
| Equity | 10/15 | €1,009,497 | €1,021,162 | +€11,665 | +1.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €432,778 | €409,867 | -€22,911 | -5.3% |
| Reserves | 13 | €219,373 | €242,284 | +€22,911 | +10.4% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €169,373 | €192,284 | +€22,911 | +13.5% |
| Profit (loss) carried forward | 14 | -€142,654 | -€130,989 | +€11,665 | +8.2% |
| Amounts payable | 17/49 | €43,807 | €38,316 | -€5,491 | -12.5% |
| Amounts payable within one year | 42/48 | €43,807 | €38,316 | -€5,491 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €8,966 | - | -€8,966 | |
| Trade debts | 44 | €27,192 | €25,415 | -€1,777 | -6.5% |
| Suppliers | 440/4 | €27,192 | €25,415 | -€1,777 | -6.5% |
| Taxes, remuneration and social security | 45 | €6,809 | €12,061 | +€5,252 | +77.1% |
| Taxes | 450/3 | €6,809 | €12,061 | +€5,252 | +77.1% |
| Other amounts payable | 47/48 | €840 | €840 | +€0 | 0.0% |
| Non-recurring operating income | 76A | €29,071 | - | -€29,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,331 | €37,634 | +€15,303 | +68.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,391 | - | -€2,391 | |
| Other operating charges | 640/8 | €5,713 | €8,301 | +€2,588 | +45.3% |
| Gross operating margin | 9900 | €42,244 | €62,929 | +€20,685 | +49.0% |
| Operating profit (loss) | 9901 | €11,809 | €16,994 | +€5,185 | +43.9% |
| Financial income | 75/76B | - | €7,341 | +€7,341 | |
| Recurring financial income | 75 | - | €7,341 | +€7,341 | |
| Financial charges | 65/66B | €2,207 | €609 | -€1,598 | -72.4% |
| Recurring financial charges | 65 | €2,207 | €609 | -€1,598 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €9,602 | €23,726 | +€14,124 | +147% |
| Income taxes | 67/77 | €6,809 | €12,061 | +€5,252 | +77.1% |
| Profit (loss) for the period | 9904 | €2,793 | €11,665 | +€8,872 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €2,793 | €11,665 | +€8,872 | +318% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.