LINK HOUSING: 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 HOUSING
Largest movements
- Tangible fixed assets -€50,793
down €50,793 (-5.8%), from €877,230 to €826,437
of which Land and buildings: -€48,183
- Other debts -€59,799
down €59,799 (-4.9%), from €1.2m to €1.2m
- Gross operating margin +€46,390
up €46,390 (+201%), from €23,051 to €69,441
- Other operating charges +€730
up €730 (+5.2%), from €14,151 to €14,880
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 | €1,393,950 | €1,340,546 | -€53,404 | -3.8% |
| Fixed assets | 21/28 | €879,030 | €828,237 | -€50,793 | -5.8% |
| Tangible fixed assets | 22/27 | €877,230 | €826,437 | -€50,793 | -5.8% |
| Land and buildings | 22 | €869,138 | €820,956 | -€48,183 | -5.5% |
| Furniture and vehicles | 24 | €8,092 | €5,482 | -€2,610 | -32.3% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €514,920 | €512,308 | -€2,612 | -0.5% |
| Amounts receivable within one year | 40/41 | €512,100 | €500,094 | -€12,006 | -2.3% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €500,000 | €500,094 | +€94 | 0.0% |
| Cash at bank and in hand | 54/58 | €49 | €11,701 | +€11,652 | +23,610% |
| Deferred charges and accrued income | 490/1 | €2,771 | €514 | -€2,257 | -81.5% |
| Total equity and liabilities | 10/49 | €1,393,950 | €1,340,546 | -€53,404 | -3.8% |
| Equity | 10/15 | -€240,292 | -€236,757 | +€3,535 | +1.5% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,292 | -€323,757 | +€3,535 | +1.1% |
| Amounts payable | 17/49 | €1,634,242 | €1,577,302 | -€56,939 | -3.5% |
| Amounts payable after more than one year | 17 | €341,715 | €341,715 | = | 0.0% |
| Financial debts | 170/4 | €341,715 | €341,715 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,292,527 | €1,235,587 | -€56,939 | -4.4% |
| Trade debts | 44 | €55,966 | €50,635 | -€5,331 | -9.5% |
| Suppliers | 440/4 | €55,966 | €50,635 | -€5,331 | -9.5% |
| Taxes, remuneration and social security | 45 | €12,064 | €20,254 | +€8,190 | +67.9% |
| Taxes | 450/3 | €12,064 | €20,254 | +€8,190 | +67.9% |
| Other amounts payable | 47/48 | €1,224,497 | €1,164,698 | -€59,799 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,791 | €50,793 | +€2 | 0.0% |
| Other operating charges | 640/8 | €14,151 | €14,880 | +€730 | +5.2% |
| Gross operating margin | 9900 | €23,051 | €69,441 | +€46,390 | +201% |
| Operating profit (loss) | 9901 | -€41,890 | €3,768 | +€45,658 | |
| Financial charges | 65/66B | €576 | €54 | -€522 | -90.6% |
| Recurring financial charges | 65 | €576 | €54 | -€522 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | -€42,466 | €3,714 | +€46,180 | |
| Income taxes | 67/77 | €143 | €179 | +€36 | +25.0% |
| Profit (loss) for the period | 9904 | -€42,609 | €3,535 | +€46,144 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,609 | €3,535 | +€46,144 |
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 13 October 2026 via checked.be.