LiNK Engineering Group: 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.
LiNK Engineering Group
Largest movements
- Current investments -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Cash +€162,072
up €162,072 (+21.7%), from €747,761 to €909,833
mainly Current investments (+€250,000) and Net result for the year (+€227,454)
- Receivables within one year -€40,918
down €40,918 (-2.9%), from €1.4m to €1.4m
of which Trade receivables: -€85,764
- Debts after one year -€250,000
no longer reported in 2025 (was €250,000)
- Reserves +€227,454
up €227,454 (+24.4%), from €933,541 to €1.2m
- Tax, wage and social debts -€209,907
down €209,907 (-31.4%), from €668,316 to €458,409
of which Taxes: -€242,426
- Trade debts +€96,517
up €96,517 (+20.8%), from €463,727 to €560,243
- Staff costs +€214,297
up €214,297 (+7.7%), from €2.8m to €3.0m
- Taxes -€103,052
down €103,052 (-52.4%), from €196,612 to €93,560
- Write-downs +€41,905
new in 2025: €41,905
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 | €2,818,032 | €2,681,580 | -€136,452 | -4.8% |
| Formation expenses | 20 | €14,672 | €105 | -€14,567 | -99.3% |
| Fixed assets | 21/28 | €30,484 | €14,325 | -€16,159 | -53.0% |
| Intangible fixed assets | 21 | €4,540 | €2,305 | -€2,235 | -49.2% |
| Tangible fixed assets | 22/27 | €20,727 | €11,195 | -€9,532 | -46.0% |
| Plant, machinery and equipment | 23 | €5,056 | €524 | -€4,532 | -89.6% |
| Other tangible fixed assets | 26 | €15,671 | €10,671 | -€5,000 | -31.9% |
| Financial fixed assets | 28 | €5,218 | €825 | -€4,392 | -84.2% |
| Current assets | 29/58 | €2,772,876 | €2,667,150 | -€105,726 | -3.8% |
| Amounts receivable within one year | 40/41 | €1,404,125 | €1,363,207 | -€40,918 | -2.9% |
| Trade receivables | 40 | €1,403,971 | €1,318,207 | -€85,764 | -6.1% |
| Other amounts receivable | 41 | €154 | €45,000 | +€44,846 | +29141.7% |
| Current investments | 50/53 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €747,761 | €909,833 | +€162,072 | +21.7% |
| Deferred charges and accrued income | 490/1 | €120,990 | €144,110 | +€23,120 | +19.1% |
| Total equity and liabilities | 10/49 | €2,818,032 | €2,681,580 | -€136,452 | -4.8% |
| Equity | 10/15 | €1,433,541 | €1,660,994 | +€227,454 | +15.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €933,541 | €1,160,994 | +€227,454 | +24.4% |
| Distributable reserves | 133 | €933,541 | €1,160,994 | +€227,454 | +24.4% |
| Amounts payable | 17/49 | €1,384,491 | €1,020,586 | -€363,906 | -26.3% |
| Amounts payable after more than one year | 17 | €250,000 | - | -€250,000 | |
| Financial debts | 170/4 | €250,000 | - | -€250,000 | |
| Amounts payable within one year | 42/48 | €1,134,491 | €1,018,652 | -€115,839 | -10.2% |
| Trade debts | 44 | €463,727 | €560,243 | +€96,517 | +20.8% |
| Suppliers | 440/4 | €463,727 | €560,243 | +€96,517 | +20.8% |
| Advances received on contracts in progress | 46 | €2,449 | - | -€2,449 | |
| Taxes, remuneration and social security | 45 | €668,316 | €458,409 | -€209,907 | -31.4% |
| Taxes | 450/3 | €462,914 | €220,489 | -€242,426 | -52.4% |
| Remuneration and social security | 454/9 | €205,401 | €237,920 | +€32,519 | +15.8% |
| Accrued charges and deferred income | 492/3 | - | €1,934 | +€1,934 | |
| Remuneration, social security and pensions | 62 | €2,793,696 | €3,007,994 | +€214,297 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,855 | €26,334 | -€2,522 | -8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €41,905 | +€41,905 | |
| Other operating charges | 640/8 | €3,845 | €11,084 | +€7,240 | +188.3% |
| Gross operating margin | 9900 | €3,465,840 | €3,455,704 | -€10,135 | -0.3% |
| Operating profit (loss) | 9901 | €639,443 | €368,388 | -€271,056 | -42.4% |
| Financial income | 75/76B | €21,296 | €7,979 | -€13,317 | -62.5% |
| Recurring financial income | 75 | €21,296 | €7,979 | -€13,317 | -62.5% |
| Financial charges | 65/66B | €61,520 | €55,353 | -€6,168 | -10.0% |
| Recurring financial charges | 65 | €61,520 | €55,353 | -€6,168 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €599,219 | €321,014 | -€278,205 | -46.4% |
| Income taxes | 67/77 | €196,612 | €93,560 | -€103,052 | -52.4% |
| Profit (loss) for the period | 9904 | €402,607 | €227,454 | -€175,153 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €402,607 | €227,454 | -€175,153 | -43.5% |
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 3 October 2026 via checked.be.