LINK IMMO: 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 IMMO
Largest movements
- Receivables within one year -€9,521
down €9,521 (-24.3%), from €39,197 to €29,676
of which Trade receivables: -€9,592
- Tangible fixed assets +€3,960
up €3,960 (+726%), from €545 to €4,505
of which Furniture and vehicles: +€2,052
- Intangible fixed assets +€1,235
new in 2025: €1,235
- Tax, wage and social debts -€7,657
down €7,657 (-67.6%), from €11,328 to €3,671
- Profit (loss) carried forward +€2,137
up €2,137 (+94.0%), from €2,273 to €4,409
- Trade debts +€653
up €653 (+12.8%), from €5,100 to €5,753
- Gross operating margin -€3,002
down €3,002 (-24.2%), from €12,405 to €9,403
- Taxes -€2,381
down €2,381 (-63.4%), from €3,758 to €1,377
- Depreciation +€2,317
up €2,317 (+779%), from €297 to €2,615
- Other operating charges +€2,197
up €2,197 (+567%), from €387 to €2,584
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 | €44,571 | €39,958 | -€4,613 | -10.3% |
| Fixed assets | 21/28 | €695 | €5,890 | +€5,195 | +747% |
| Intangible fixed assets | 21 | - | €1,235 | +€1,235 | |
| Tangible fixed assets | 22/27 | €545 | €4,505 | +€3,960 | +726% |
| Plant, machinery and equipment | 23 | €545 | €2,453 | +€1,908 | +350% |
| Furniture and vehicles | 24 | - | €2,052 | +€2,052 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €43,876 | €34,068 | -€9,808 | -22.4% |
| Amounts receivable within one year | 40/41 | €39,197 | €29,676 | -€9,521 | -24.3% |
| Trade receivables | 40 | €38,126 | €28,533 | -€9,592 | -25.2% |
| Other amounts receivable | 41 | €1,072 | €1,143 | +€71 | +6.7% |
| Cash at bank and in hand | 54/58 | €3,887 | €3,596 | -€291 | -7.5% |
| Deferred charges and accrued income | 490/1 | €792 | €796 | +€4 | +0.5% |
| Total equity and liabilities | 10/49 | €44,571 | €39,958 | -€4,613 | -10.3% |
| Equity | 10/15 | €22,733 | €24,869 | +€2,137 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,273 | €4,409 | +€2,137 | +94.0% |
| Amounts payable | 17/49 | €21,838 | €15,089 | -€6,749 | -30.9% |
| Amounts payable within one year | 42/48 | €21,838 | €15,089 | -€6,749 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €500 | €500 | = | 0.0% |
| Trade debts | 44 | €5,100 | €5,753 | +€653 | +12.8% |
| Suppliers | 440/4 | €5,100 | €5,753 | +€653 | +12.8% |
| Taxes, remuneration and social security | 45 | €11,328 | €3,671 | -€7,657 | -67.6% |
| Taxes | 450/3 | €11,328 | €3,671 | -€7,657 | -67.6% |
| Other amounts payable | 47/48 | €4,910 | €5,165 | +€254 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €2,615 | +€2,317 | +779% |
| Other operating charges | 640/8 | €387 | €2,584 | +€2,197 | +567% |
| Gross operating margin | 9900 | €12,405 | €9,403 | -€3,002 | -24.2% |
| Operating profit (loss) | 9901 | €11,721 | €4,204 | -€7,517 | -64.1% |
| Financial income | 75/76B | €39 | €153 | +€114 | +289% |
| Recurring financial income | 75 | €39 | €153 | +€114 | +289% |
| Financial charges | 65/66B | €788 | €843 | +€56 | +7.1% |
| Recurring financial charges | 65 | €788 | €843 | +€56 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €10,972 | €3,514 | -€7,459 | -68.0% |
| Income taxes | 67/77 | €3,758 | €1,377 | -€2,381 | -63.4% |
| Profit (loss) for the period | 9904 | €7,215 | €2,137 | -€5,078 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,215 | €2,137 | -€5,078 | -70.4% |
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 24 October 2026 via checked.be.