LINKDIRECT: 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.
LINKDIRECT
Largest movements
- Tangible fixed assets +€2,457
up €2,457 (+146.8%), from €1,674 to €4,130
of which Plant, machinery and equipment: +€2,642
- Receivables within one year +€1,452
up €1,452 (+212.5%), from €683 to €2,135
of which Other amounts receivable: +€907
- Other debts +€17,890
up €17,890 (+317.1%), from €5,641 to €23,532
- Profit (loss) carried forward -€13,908
down €13,908 (-167.6%), from -€8,298 to -€22,206
- Gross operating margin -€5,604
down €5,604 (-74.3%), from -€7,538 to -€13,142
- Financial charges +€144
up €144 (+5775.6%), from €3 to €147
- Other operating charges -€138
down €138 (-24.2%), from €572 to €433
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 | €2,358 | €6,299 | +€3,941 | +167.1% |
| Fixed assets | 21/28 | €1,674 | €4,130 | +€2,457 | +146.8% |
| Tangible fixed assets | 22/27 | €1,674 | €4,130 | +€2,457 | +146.8% |
| Plant, machinery and equipment | 23 | - | €2,642 | +€2,642 | |
| Furniture and vehicles | 24 | €1,674 | €1,488 | -€186 | -11.1% |
| Current assets | 29/58 | €685 | €2,169 | +€1,484 | +216.8% |
| Amounts receivable within one year | 40/41 | €683 | €2,135 | +€1,452 | +212.5% |
| Trade receivables | 40 | - | €545 | +€545 | |
| Other amounts receivable | 41 | €683 | €1,590 | +€907 | +132.7% |
| Cash at bank and in hand | 54/58 | €2 | €34 | +€33 | +2173.3% |
| Total equity and liabilities | 10/49 | €2,358 | €6,299 | +€3,941 | +167.1% |
| Equity | 10/15 | -€5,298 | -€19,206 | -€13,908 | -262.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,298 | -€22,206 | -€13,908 | -167.6% |
| Amounts payable | 17/49 | €7,657 | €25,505 | +€17,849 | +233.1% |
| Amounts payable within one year | 42/48 | €7,657 | €25,505 | +€17,849 | +233.1% |
| Trade debts | 44 | €2,015 | €1,974 | -€42 | -2.1% |
| Suppliers | 440/4 | €2,015 | €1,974 | -€42 | -2.1% |
| Other amounts payable | 47/48 | €5,641 | €23,532 | +€17,890 | +317.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186 | €186 | = | 0.0% |
| Other operating charges | 640/8 | €572 | €433 | -€138 | -24.2% |
| Gross operating margin | 9900 | -€7,538 | -€13,142 | -€5,604 | -74.3% |
| Operating profit (loss) | 9901 | -€8,296 | -€13,761 | -€5,465 | -65.9% |
| Financial charges | 65/66B | €3 | €147 | +€144 | +5775.6% |
| Recurring financial charges | 65 | €3 | €147 | +€144 | +5775.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,298 | -€13,908 | -€5,610 | -67.6% |
| Profit (loss) for the period | 9904 | -€8,298 | -€13,908 | -€5,610 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,298 | -€13,908 | -€5,610 | -67.6% |
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 3 October 2026 via checked.be.