LINK2FLEET: 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.
LINK2FLEET
Largest movements
- Cash +€257,098
up €257,098 (+51.0%), from €503,948 to €761,046
mainly Current investments (+€200,000) and Net result for the year (+€130,126)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Intangible fixed assets +€76,802
up €76,802 (+752.7%), from €10,203 to €87,005
- Receivables within one year -€33,952
down €33,952 (-4.4%), from €768,298 to €734,346
of which Trade receivables: -€62,824
- Profit (loss) carried forward +€130,126
up €130,126 (+13.4%), from €971,439 to €1.1m
- Other debts -€92,586
no longer reported in 2025 (was €92,586)
- Tax, wage and social debts +€32,008
up €32,008 (+31.0%), from €103,291 to €135,299
of which Taxes: +€35,238
- Trade debts +€28,578
up €28,578 (+10.9%), from €261,327 to €289,905
- Accrued charges and deferred income -€17,985
down €17,985 (-25.3%), from €71,068 to €53,083
- Gross operating margin -€90,146
down €90,146 (-14.3%), from €630,125 to €539,978
- Taxes -€27,853
down €27,853 (-40.3%), from €69,062 to €41,209
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 | €1,524,712 | €1,610,764 | +€86,052 | +5.6% |
| Fixed assets | 21/28 | €17,062 | €92,910 | +€75,848 | +444.5% |
| Intangible fixed assets | 21 | €10,203 | €87,005 | +€76,802 | +752.7% |
| Tangible fixed assets | 22/27 | €3,100 | €2,146 | -€954 | -30.8% |
| Plant, machinery and equipment | 23 | €3,100 | €2,146 | -€954 | -30.8% |
| Financial fixed assets | 28 | €3,759 | €3,759 | = | 0.0% |
| Current assets | 29/58 | €1,507,650 | €1,517,855 | +€10,205 | +0.7% |
| Amounts receivable within one year | 40/41 | €768,298 | €734,346 | -€33,952 | -4.4% |
| Trade receivables | 40 | €768,295 | €705,471 | -€62,824 | -8.2% |
| Other amounts receivable | 41 | €3 | €28,875 | +€28,872 | +893862.8% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €503,948 | €761,046 | +€257,098 | +51.0% |
| Deferred charges and accrued income | 490/1 | €35,403 | €22,462 | -€12,941 | -36.6% |
| Total equity and liabilities | 10/49 | €1,524,712 | €1,610,764 | +€86,052 | +5.6% |
| Equity | 10/15 | €996,439 | €1,126,565 | +€130,126 | +13.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €971,439 | €1,101,565 | +€130,126 | +13.4% |
| Amounts payable | 17/49 | €528,273 | €484,199 | -€44,074 | -8.3% |
| Amounts payable within one year | 42/48 | €457,204 | €431,116 | -€26,088 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,912 | +€5,912 | |
| Trade debts | 44 | €261,327 | €289,905 | +€28,578 | +10.9% |
| Suppliers | 440/4 | €261,327 | €289,905 | +€28,578 | +10.9% |
| Taxes, remuneration and social security | 45 | €103,291 | €135,299 | +€32,008 | +31.0% |
| Taxes | 450/3 | €39,521 | €74,759 | +€35,238 | +89.2% |
| Remuneration and social security | 454/9 | €63,771 | €60,541 | -€3,230 | -5.1% |
| Other amounts payable | 47/48 | €92,586 | - | -€92,586 | |
| Accrued charges and deferred income | 492/3 | €71,068 | €53,083 | -€17,985 | -25.3% |
| Remuneration, social security and pensions | 62 | €348,331 | €349,418 | +€1,087 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,579 | €16,378 | +€4,799 | +41.4% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €630,125 | €539,978 | -€90,146 | -14.3% |
| Operating profit (loss) | 9901 | €269,246 | €173,183 | -€96,063 | -35.7% |
| Financial income | 75/76B | €3,981 | €1,052 | -€2,928 | -73.6% |
| Recurring financial income | 75 | €3,981 | €1,052 | -€2,928 | -73.6% |
| Financial charges | 65/66B | €9,014 | €2,900 | -€6,114 | -67.8% |
| Recurring financial charges | 65 | €9,014 | €2,900 | -€6,114 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €264,213 | €171,335 | -€92,878 | -35.2% |
| Income taxes | 67/77 | €69,062 | €41,209 | -€27,853 | -40.3% |
| Profit (loss) for the period | 9904 | €195,151 | €130,126 | -€65,025 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €195,151 | €130,126 | -€65,025 | -33.3% |
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.