Linked Ideas: 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 Ideas
Largest movements
- Tangible fixed assets +€30,216
up €30,216 (+209.0%), from €14,454 to €44,670
of which Leasing and similar rights: +€36,428
- Cash +€20,757
up €20,757 (+322.1%), from €6,443 to €27,200
mainly Trade debts (+€35,877) and Debts after one year (+€30,507)
- Receivables within one year +€6,396
up €6,396 (+12.7%), from €50,287 to €56,683
of which Trade receivables: +€15,877
- Trade debts +€35,877
up €35,877 (+1613.0%), from €2,224 to €38,101
- Debts after one year +€30,507
new in 2025: €30,507
- Other debts -€12,807
down €12,807 (-58.1%), from €22,042 to €9,235
- Current portion of long-term debt +€2,782
up €2,782 (+60.1%), from €4,626 to €7,408
- Tax, wage and social debts +€1,411
up €1,411 (+4.5%), from €31,358 to €32,768
of which Remuneration and social security: +€1,647
- Depreciation +€8,159
up €8,159 (+101.8%), from €8,016 to €16,176
- Gross operating margin -€7,159
down €7,159 (-15.2%), from €47,106 to €39,947
- Other operating charges -€4,206
down €4,206 (-87.7%), from €4,796 to €590
- Taxes -€3,776
down €3,776 (-37.3%), from €10,114 to €6,338
- Staff costs +€2,329
new in 2025: €2,329
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 | €71,847 | €129,189 | +€57,342 | +79.8% |
| Fixed assets | 21/28 | €14,454 | €44,670 | +€30,216 | +209.0% |
| Tangible fixed assets | 22/27 | €14,454 | €44,670 | +€30,216 | +209.0% |
| Plant, machinery and equipment | 23 | €4,658 | €3,677 | -€981 | -21.1% |
| Furniture and vehicles | 24 | €8,044 | €3,047 | -€4,997 | -62.1% |
| Leasing and similar rights | 25 | - | €36,428 | +€36,428 | |
| Other tangible fixed assets | 26 | €1,752 | €1,518 | -€234 | -13.4% |
| Current assets | 29/58 | €57,393 | €84,519 | +€27,126 | +47.3% |
| Amounts receivable within one year | 40/41 | €50,287 | €56,683 | +€6,396 | +12.7% |
| Trade receivables | 40 | €22,539 | €38,416 | +€15,877 | +70.4% |
| Other amounts receivable | 41 | €27,748 | €18,267 | -€9,481 | -34.2% |
| Cash at bank and in hand | 54/58 | €6,443 | €27,200 | +€20,757 | +322.1% |
| Deferred charges and accrued income | 490/1 | €663 | €636 | -€27 | -4.1% |
| Total equity and liabilities | 10/49 | €71,847 | €129,189 | +€57,342 | +79.8% |
| Equity | 10/15 | €11,169 | €11,169 | = | 0.0% |
| Contributions | 10/11 | €9,309 | €9,309 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €60,678 | €118,020 | +€57,342 | +94.5% |
| Amounts payable after more than one year | 17 | - | €30,507 | +€30,507 | |
| Financial debts | 170/4 | - | €30,507 | +€30,507 | |
| Amounts payable within one year | 42/48 | €60,678 | €87,513 | +€26,835 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €4,626 | €7,408 | +€2,782 | +60.1% |
| Financial debts | 43 | €428 | - | -€428 | |
| Credit institutions | 430/8 | €428 | - | -€428 | |
| Trade debts | 44 | €2,224 | €38,101 | +€35,877 | +1613.0% |
| Suppliers | 440/4 | €2,224 | €38,101 | +€35,877 | +1613.0% |
| Taxes, remuneration and social security | 45 | €31,358 | €32,768 | +€1,411 | +4.5% |
| Taxes | 450/3 | €31,358 | €31,122 | -€236 | -0.8% |
| Remuneration and social security | 454/9 | - | €1,647 | +€1,647 | |
| Other amounts payable | 47/48 | €22,042 | €9,235 | -€12,807 | -58.1% |
| Remuneration, social security and pensions | 62 | - | €2,329 | +€2,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,016 | €16,176 | +€8,159 | +101.8% |
| Other operating charges | 640/8 | €4,796 | €590 | -€4,206 | -87.7% |
| Gross operating margin | 9900 | €47,106 | €39,947 | -€7,159 | -15.2% |
| Operating profit (loss) | 9901 | €34,294 | €20,853 | -€13,441 | -39.2% |
| Financial income | 75/76B | €986 | €1,400 | +€414 | +42.0% |
| Recurring financial income | 75 | €986 | €1,400 | +€414 | +42.0% |
| Financial charges | 65/66B | €1,077 | €2,723 | +€1,646 | +152.9% |
| Recurring financial charges | 65 | €1,077 | €2,723 | +€1,646 | +152.9% |
| Profit (loss) for the period before taxes | 9903 | €34,204 | €19,531 | -€14,673 | -42.9% |
| Income taxes | 67/77 | €10,114 | €6,338 | -€3,776 | -37.3% |
| Profit (loss) for the period | 9904 | €24,090 | €13,193 | -€10,897 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,090 | €13,193 | -€10,897 | -45.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.