LINKED.FARM: 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.
LINKED.FARM
Largest movements
- Current investments -€41,681
no longer reported in 2025 (was €41,681)
- Cash -€11,966
down €11,966 (-10.6%), from €113,390 to €101,424
mainly Trade debts (-€37,088) and Accrued charges and deferred income (-€20,706)
- Receivables within one year +€2,631
up €2,631 (+2.6%), from €100,870 to €103,501
of which Trade receivables: +€3,432
- Trade debts -€37,088
down €37,088 (-39.3%), from €94,359 to €57,271
- Accrued charges and deferred income -€20,706
down €20,706 (-41.4%), from €49,956 to €29,250
- Tax, wage and social debts +€4,023
up €4,023 (+488.0%), from €824 to €4,847
of which Remuneration and social security: +€4,245
- Contributions +€2,850
up €2,850 (+2.9%), from €97,666 to €100,516
- Staff costs +€39,524
up €39,524 (+306.4%), from €12,900 to €52,424
- Gross operating margin +€38,488
up €38,488 (+183.7%), from €20,950 to €59,438
- Write-downs +€3,600
new in 2025: €3,600
- Financial charges -€2,001
down €2,001 (-69.2%), from €2,892 to €891
- Taxes +€883
up €883 (+9979.1%), from €9 to €892
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 | €260,987 | €208,205 | -€52,782 | -20.2% |
| Fixed assets | 21/28 | €5,047 | €2,806 | -€2,241 | -44.4% |
| Intangible fixed assets | 21 | €4,105 | €2,456 | -€1,649 | -40.2% |
| Tangible fixed assets | 22/27 | €397 | - | -€397 | |
| Furniture and vehicles | 24 | €397 | - | -€397 | |
| Financial fixed assets | 28 | €545 | €350 | -€195 | -35.8% |
| Current assets | 29/58 | €255,941 | €205,399 | -€50,542 | -19.7% |
| Amounts receivable within one year | 40/41 | €100,870 | €103,501 | +€2,631 | +2.6% |
| Trade receivables | 40 | €73,178 | €76,610 | +€3,432 | +4.7% |
| Other amounts receivable | 41 | €27,692 | €26,891 | -€801 | -2.9% |
| Current investments | 50/53 | €41,681 | - | -€41,681 | |
| Cash at bank and in hand | 54/58 | €113,390 | €101,424 | -€11,966 | -10.6% |
| Deferred charges and accrued income | 490/1 | - | €474 | +€474 | |
| Total equity and liabilities | 10/49 | €260,987 | €208,205 | -€52,782 | -20.2% |
| Equity | 10/15 | €113,220 | €113,977 | +€757 | +0.7% |
| Contributions | 10/11 | €97,666 | €100,516 | +€2,850 | +2.9% |
| Reserves | 13 | €3,006 | €3,006 | = | 0.0% |
| Distributable reserves | 133 | €3,006 | €3,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,549 | €10,455 | -€2,094 | -16.7% |
| Amounts payable | 17/49 | €147,767 | €94,228 | -€53,539 | -36.2% |
| Amounts payable within one year | 42/48 | €97,812 | €64,978 | -€32,834 | -33.6% |
| Trade debts | 44 | €94,359 | €57,271 | -€37,088 | -39.3% |
| Suppliers | 440/4 | €94,359 | €57,271 | -€37,088 | -39.3% |
| Advances received on contracts in progress | 46 | - | €386 | +€386 | |
| Taxes, remuneration and social security | 45 | €824 | €4,847 | +€4,023 | +488.0% |
| Taxes | 450/3 | €802 | €580 | -€222 | -27.7% |
| Remuneration and social security | 454/9 | €22 | €4,267 | +€4,245 | +19138.1% |
| Other amounts payable | 47/48 | €2,629 | €2,474 | -€155 | -5.9% |
| Accrued charges and deferred income | 492/3 | €49,956 | €29,250 | -€20,706 | -41.4% |
| Remuneration, social security and pensions | 62 | €12,900 | €52,424 | +€39,524 | +306.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,565 | €2,046 | +€481 | +30.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,600 | +€3,600 | |
| Other operating charges | 640/8 | €948 | €769 | -€179 | -18.9% |
| Gross operating margin | 9900 | €20,950 | €59,438 | +€38,488 | +183.7% |
| Operating profit (loss) | 9901 | €5,536 | €599 | -€4,937 | -89.2% |
| Financial income | 75/76B | €1,813 | €1,564 | -€249 | -13.7% |
| Recurring financial income | 75 | €1,813 | €1,564 | -€249 | -13.7% |
| Financial charges | 65/66B | €2,892 | €891 | -€2,001 | -69.2% |
| Recurring financial charges | 65 | €2,892 | €891 | -€2,001 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €4,458 | €1,272 | -€3,186 | -71.5% |
| Income taxes | 67/77 | €9 | €892 | +€883 | +9979.1% |
| Profit (loss) for the period | 9904 | €4,449 | €380 | -€4,069 | -91.5% |
| Transfer to tax-exempt reserves | 689 | €3,006 | - | -€3,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,443 | €380 | -€1,063 | -73.7% |
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.