LINK TO INVEST: 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 TO INVEST
Largest movements
- Cash -€361,939
down €361,939 (-70.6%), from €512,311 to €150,372
mainly Current investments (-€350,000) and Investment in fixed assets (net) (-€30,679)
- Current investments +€350,000
up €350,000 (+7,000%), from €5,000 to €355,000
- Tangible fixed assets +€13,955
up €13,955 (+14.8%), from €94,601 to €108,557
of which Plant, machinery and equipment: +€27,673
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€6,549
down €6,549 (-56.4%), from €11,619 to €5,070
- Gross operating margin +€765
up €765 (+4.1%), from €18,627 to €19,392
- Financial charges +€484
up €484 (+35.6%), from €1,361 to €1,845
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 | €617,603 | €617,016 | -€587 | -0.1% |
| Fixed assets | 21/28 | €94,601 | €108,557 | +€13,955 | +14.8% |
| Tangible fixed assets | 22/27 | €94,601 | €108,557 | +€13,955 | +14.8% |
| Land and buildings | 22 | €54,905 | €53,607 | -€1,298 | -2.4% |
| Plant, machinery and equipment | 23 | €11,140 | €38,814 | +€27,673 | +248% |
| Furniture and vehicles | 24 | €18,964 | €16,136 | -€2,828 | -14.9% |
| Leasing and similar rights | 25 | €9,592 | - | -€9,592 | |
| Current assets | 29/58 | €523,002 | €508,459 | -€14,543 | -2.8% |
| Amounts receivable within one year | 40/41 | €5,690 | €951 | -€4,739 | -83.3% |
| Trade receivables | 40 | €2,906 | - | -€2,906 | |
| Other amounts receivable | 41 | €2,785 | €951 | -€1,834 | -65.8% |
| Current investments | 50/53 | €5,000 | €355,000 | +€350,000 | +7,000% |
| Cash at bank and in hand | 54/58 | €512,311 | €150,372 | -€361,939 | -70.6% |
| Deferred charges and accrued income | 490/1 | - | €2,136 | +€2,136 | |
| Total equity and liabilities | 10/49 | €617,603 | €617,016 | -€587 | -0.1% |
| Equity | 10/15 | €611,692 | €610,615 | -€1,077 | -0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €587,734 | €587,734 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €585,874 | €585,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,366 | €4,289 | -€1,077 | -20.1% |
| Amounts payable | 17/49 | €5,911 | €6,401 | +€490 | +8.3% |
| Amounts payable within one year | 42/48 | €5,911 | €6,401 | +€490 | +8.3% |
| Trade debts | 44 | €1,858 | €1,082 | -€776 | -41.8% |
| Suppliers | 440/4 | €1,858 | €1,082 | -€776 | -41.8% |
| Taxes, remuneration and social security | 45 | €871 | €1,114 | +€243 | +27.9% |
| Taxes | 450/3 | €871 | €1,114 | +€243 | +27.9% |
| Other amounts payable | 47/48 | €3,182 | €4,205 | +€1,024 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,727 | €16,723 | -€4 | 0.0% |
| Other operating charges | 640/8 | €6,280 | €6,471 | +€191 | +3.0% |
| Gross operating margin | 9900 | €18,627 | €19,392 | +€765 | +4.1% |
| Operating profit (loss) | 9901 | -€4,381 | -€3,803 | +€578 | +13.2% |
| Financial income | 75/76B | €11,619 | €5,070 | -€6,549 | -56.4% |
| Recurring financial income | 75 | €11,619 | €5,070 | -€6,549 | -56.4% |
| Financial charges | 65/66B | €1,361 | €1,845 | +€484 | +35.6% |
| Recurring financial charges | 65 | €1,361 | €1,845 | +€484 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €5,877 | -€578 | -€6,455 | |
| Income taxes | 67/77 | €510 | €499 | -€11 | -2.2% |
| Profit (loss) for the period | 9904 | €5,366 | -€1,077 | -€6,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,366 | -€1,077 | -€6,444 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.