LINK'MAKER: 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'MAKER
Largest movements
- Cash -€363,360
down €363,360 (-59.4%), from €611,423 to €248,063
mainly Receivables within one year (-€337,718) and Contributions, distributions and other (-€131,103)
- Receivables within one year +€337,718
up €337,718 (+1347.2%), from €25,067 to €362,785
of which Trade receivables: +€340,052
- Reserves -€52,103
down €52,103 (-8.5%), from €614,441 to €562,338
- Trade debts +€14,671
up €14,671 (+375.4%), from €3,908 to €18,579
- Tax, wage and social debts +€10,576
up €10,576 (+173.1%), from €6,111 to €16,687
- Gross operating margin +€25,880
up €25,880 (+24.7%), from €104,798 to €130,678
- Taxes -€17,011
down €17,011 (-38.1%), from €44,604 to €27,593
- Financial income -€5,664
down €5,664 (-55.3%), from €10,235 to €4,571
- Depreciation +€4,057
up €4,057 (+19.7%), from €20,553 to €24,610
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 | €921,147 | €899,620 | -€21,527 | -2.3% |
| Fixed assets | 21/28 | €284,411 | €287,053 | +€2,642 | +0.9% |
| Tangible fixed assets | 22/27 | €284,411 | €287,053 | +€2,642 | +0.9% |
| Land and buildings | 22 | €259,221 | €257,881 | -€1,340 | -0.5% |
| Furniture and vehicles | 24 | €25,190 | €15,012 | -€10,178 | -40.4% |
| Other tangible fixed assets | 26 | - | €14,161 | +€14,161 | |
| Current assets | 29/58 | €636,736 | €612,566 | -€24,169 | -3.8% |
| Amounts receivable within one year | 40/41 | €25,067 | €362,785 | +€337,718 | +1347.2% |
| Trade receivables | 40 | €21,370 | €361,422 | +€340,052 | +1591.2% |
| Other amounts receivable | 41 | €3,697 | €1,363 | -€2,335 | -63.1% |
| Cash at bank and in hand | 54/58 | €611,423 | €248,063 | -€363,360 | -59.4% |
| Deferred charges and accrued income | 490/1 | €245 | €1,718 | +€1,473 | +600.7% |
| Total equity and liabilities | 10/49 | €921,147 | €899,620 | -€21,527 | -2.3% |
| Equity | 10/15 | €894,657 | €842,902 | -€51,755 | -5.8% |
| Reserves | 13 | €614,441 | €562,338 | -€52,103 | -8.5% |
| Distributable reserves | 133 | €614,441 | €562,338 | -€52,103 | -8.5% |
| Profit (loss) carried forward | 14 | €280,216 | €280,564 | +€348 | +0.1% |
| Amounts payable | 17/49 | €26,490 | €56,718 | +€30,228 | +114.1% |
| Amounts payable within one year | 42/48 | €26,490 | €56,718 | +€30,228 | +114.1% |
| Trade debts | 44 | €3,908 | €18,579 | +€14,671 | +375.4% |
| Suppliers | 440/4 | €3,908 | €18,579 | +€14,671 | +375.4% |
| Taxes, remuneration and social security | 45 | €6,111 | €16,687 | +€10,576 | +173.1% |
| Taxes | 450/3 | €6,111 | €16,687 | +€10,576 | +173.1% |
| Other amounts payable | 47/48 | €16,471 | €21,452 | +€4,981 | +30.2% |
| Remuneration, social security and pensions | 62 | - | €225 | +€225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,553 | €24,610 | +€4,057 | +19.7% |
| Other operating charges | 640/8 | €1,446 | €2,414 | +€968 | +66.9% |
| Gross operating margin | 9900 | €104,798 | €130,678 | +€25,880 | +24.7% |
| Operating profit (loss) | 9901 | €82,798 | €103,429 | +€20,631 | +24.9% |
| Financial income | 75/76B | €10,235 | €4,571 | -€5,664 | -55.3% |
| Recurring financial income | 75 | €10,235 | €4,571 | -€5,664 | -55.3% |
| Financial charges | 65/66B | €538 | €1,059 | +€521 | +97.0% |
| Recurring financial charges | 65 | €538 | €1,059 | +€521 | +97.0% |
| Profit (loss) for the period before taxes | 9903 | €92,495 | €106,941 | +€14,446 | +15.6% |
| Income taxes | 67/77 | €44,604 | €27,593 | -€17,011 | -38.1% |
| Profit (loss) for the period | 9904 | €47,891 | €79,348 | +€31,457 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,891 | €79,348 | +€31,457 | +65.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.