LINKBOX: 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.
LINKBOX
Largest movements
- Cash +€82,484
up €82,484 (+39.5%), from €208,610 to €291,094
mainly Net result for the year (+€99,931) and Other debts (+€10,184)
- Receivables within one year +€5,121
up €5,121 (+18.6%), from €27,506 to €32,627
of which Trade receivables: +€4,665
- Reserves +€76,362
up €76,362 (+54.9%), from €139,065 to €215,427
- Other debts +€10,184
up €10,184 (+19.1%), from €53,335 to €63,519
- Tax, wage and social debts +€8,298
up €8,298 (+46.8%), from €17,739 to €26,037
- Short-term financial debts -€6,850
down €6,850 (-94.8%), from €7,227 to €377
- Gross operating margin -€30,933
down €30,933 (-17.4%), from €177,392 to €146,459
- Taxes -€5,702
down €5,702 (-11.3%), from €50,402 to €44,700
- Depreciation -€1,988
down €1,988 (-75.3%), from €2,641 to €654
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 | €239,986 | €328,478 | +€88,492 | +36.9% |
| Fixed assets | 21/28 | €572 | €1,962 | +€1,391 | +243.2% |
| Tangible fixed assets | 22/27 | €572 | €1,962 | +€1,391 | +243.2% |
| Furniture and vehicles | 24 | €572 | €1,962 | +€1,391 | +243.2% |
| Current assets | 29/58 | €239,414 | €326,516 | +€87,102 | +36.4% |
| Amounts receivable within one year | 40/41 | €27,506 | €32,627 | +€5,121 | +18.6% |
| Trade receivables | 40 | €27,506 | €32,171 | +€4,665 | +17.0% |
| Other amounts receivable | 41 | - | €456 | +€456 | |
| Cash at bank and in hand | 54/58 | €208,610 | €291,094 | +€82,484 | +39.5% |
| Deferred charges and accrued income | 490/1 | €3,298 | €2,794 | -€503 | -15.3% |
| Total equity and liabilities | 10/49 | €239,986 | €328,478 | +€88,492 | +36.9% |
| Equity | 10/15 | €157,665 | €234,027 | +€76,362 | +48.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,065 | €215,427 | +€76,362 | +54.9% |
| Distributable reserves | 133 | €139,065 | €215,427 | +€76,362 | +54.9% |
| Amounts payable | 17/49 | €82,321 | €94,451 | +€12,131 | +14.7% |
| Amounts payable within one year | 42/48 | €82,315 | €94,365 | +€12,050 | +14.6% |
| Financial debts | 43 | €7,227 | €377 | -€6,850 | -94.8% |
| Credit institutions | 430/8 | €7,227 | €377 | -€6,850 | -94.8% |
| Trade debts | 44 | €4,015 | €4,432 | +€417 | +10.4% |
| Suppliers | 440/4 | €4,015 | €4,432 | +€417 | +10.4% |
| Taxes, remuneration and social security | 45 | €17,739 | €26,037 | +€8,298 | +46.8% |
| Taxes | 450/3 | €17,739 | €26,037 | +€8,298 | +46.8% |
| Other amounts payable | 47/48 | €53,335 | €63,519 | +€10,184 | +19.1% |
| Accrued charges and deferred income | 492/3 | €6 | €86 | +€81 | +1449.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,641 | €654 | -€1,988 | -75.3% |
| Other operating charges | 640/8 | €990 | €1,015 | +€25 | +2.5% |
| Gross operating margin | 9900 | €177,392 | €146,459 | -€30,933 | -17.4% |
| Operating profit (loss) | 9901 | €173,761 | €144,791 | -€28,970 | -16.7% |
| Financial income | 75/76B | €55 | - | -€55 | |
| Recurring financial income | 75 | €55 | - | -€55 | |
| Financial charges | 65/66B | €142 | €160 | +€18 | +12.6% |
| Recurring financial charges | 65 | €142 | €160 | +€18 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €173,674 | €144,631 | -€29,043 | -16.7% |
| Income taxes | 67/77 | €50,402 | €44,700 | -€5,702 | -11.3% |
| Profit (loss) for the period | 9904 | €123,271 | €99,931 | -€23,341 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,271 | €99,931 | -€23,341 | -18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.