LINK ME: 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 ME
Largest movements
- Tangible fixed assets +€45,108
up €45,108 (+8119.3%), from €556 to €45,664
- Current investments +€36,728
new in 2025: €36,728
- Receivables within one year +€17,221
up €17,221 (+17.2%), from €100,187 to €117,407
of which Other amounts receivable: +€22,471
- Financial fixed assets -€11,860
down €11,860 (-99.1%), from €11,965 to €105
- Cash -€5,722
no longer reported in 2025 (was €5,722)
mainly Investment in fixed assets (net) (-€48,904) and Current investments (-€36,728)
- Reserves +€41,000
up €41,000 (+82.2%), from €49,855 to €90,855
of which Distributable reserves: +€41,000
- Debts after one year +€24,421
new in 2025: €24,421
- Trade debts +€16,133
up €16,133 (+149.6%), from €10,783 to €26,916
- Tax, wage and social debts -€11,331
down €11,331 (-39.4%), from €28,736 to €17,405
- Current portion of long-term debt +€10,579
new in 2025: €10,579
- Purchases and services +€38,826
up €38,826 (+101.5%), from €38,268 to €77,094
- Gross operating margin -€36,192
down €36,192 (-45.3%), from €79,866 to €43,674
- Financial income +€31,140
new in 2025: €31,140
of which Non-recurring financial income: +€31,140
- Taxes -€15,049
down €15,049 (-53.7%), from €28,011 to €12,962
- Depreciation +€14,322
up €14,322 (+1074.2%), from €1,333 to €15,656
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 | €118,430 | €199,904 | +€81,475 | +68.8% |
| Fixed assets | 21/28 | €12,521 | €45,769 | +€33,248 | +265.6% |
| Tangible fixed assets | 22/27 | €556 | €45,664 | +€45,108 | +8119.3% |
| Furniture and vehicles | 24 | €556 | €45,664 | +€45,108 | +8119.3% |
| Financial fixed assets | 28 | €11,965 | €105 | -€11,860 | -99.1% |
| Current assets | 29/58 | €105,909 | €154,135 | +€48,226 | +45.5% |
| Amounts receivable within one year | 40/41 | €100,187 | €117,407 | +€17,221 | +17.2% |
| Trade receivables | 40 | €14,250 | €9,000 | -€5,250 | -36.8% |
| Other amounts receivable | 41 | €85,937 | €108,407 | +€22,471 | +26.1% |
| Current investments | 50/53 | - | €36,728 | +€36,728 | |
| Cash at bank and in hand | 54/58 | €5,722 | - | -€5,722 | |
| Total equity and liabilities | 10/49 | €118,430 | €199,904 | +€81,475 | +68.8% |
| Equity | 10/15 | €78,911 | €120,584 | +€41,673 | +52.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,855 | €90,855 | +€41,000 | +82.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €48,000 | €89,000 | +€41,000 | +85.4% |
| Profit (loss) carried forward | 14 | €22,856 | €23,529 | +€673 | +2.9% |
| Amounts payable | 17/49 | €39,519 | €79,321 | +€39,802 | +100.7% |
| Amounts payable after more than one year | 17 | - | €24,421 | +€24,421 | |
| Financial debts | 170/4 | - | €24,421 | +€24,421 | |
| Amounts payable within one year | 42/48 | €39,519 | €54,900 | +€15,381 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,579 | +€10,579 | |
| Trade debts | 44 | €10,783 | €26,916 | +€16,133 | +149.6% |
| Suppliers | 440/4 | €10,783 | €26,916 | +€16,133 | +149.6% |
| Taxes, remuneration and social security | 45 | €28,736 | €17,405 | -€11,331 | -39.4% |
| Taxes | 450/3 | €28,736 | €17,405 | -€11,331 | -39.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,268 | €77,094 | +€38,826 | +101.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,333 | €15,656 | +€14,322 | +1074.2% |
| Other operating charges | 640/8 | €1,451 | €1,709 | +€258 | +17.7% |
| Gross operating margin | 9900 | €79,866 | €43,674 | -€36,192 | -45.3% |
| Operating profit (loss) | 9901 | €77,082 | €26,310 | -€50,772 | -65.9% |
| Financial income | 75/76B | - | €31,140 | +€31,140 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €31,140 | +€31,140 | |
| Financial charges | 65/66B | €226 | €2,815 | +€2,589 | +1143.0% |
| Recurring financial charges | 65 | €226 | €2,815 | +€2,589 | +1143.0% |
| Profit (loss) for the period before taxes | 9903 | €76,855 | €54,635 | -€22,220 | -28.9% |
| Income taxes | 67/77 | €28,011 | €12,962 | -€15,049 | -53.7% |
| Profit (loss) for the period | 9904 | €48,844 | €41,673 | -€7,171 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,844 | €41,673 | -€7,171 | -14.7% |
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 10 October 2026 via checked.be.