LINKEY: 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.
LINKEY
Largest movements
- Cash +€53,721
up €53,721 (+222.2%), from €24,172 to €77,892
mainly Net result for the year (+€43,286) and Other debts (+€39,767)
- Receivables within one year -€13,540
down €13,540 (-37.3%), from €36,263 to €22,723
of which Trade receivables: -€7,064
- Tangible fixed assets +€3,059
up €3,059 (+12.4%), from €24,708 to €27,767
of which Furniture and vehicles: +€5,690
- Other debts +€39,767
up €39,767 (+1018.4%), from €3,905 to €43,672
- Tax, wage and social debts +€6,208
up €6,208 (+68.6%), from €9,044 to €15,252
- Profit (loss) carried forward -€1,616
no longer reported in 2025 (was €1,616)
- Gross operating margin +€10,545
up €10,545 (+19.4%), from €54,388 to €64,933
- Taxes -€1,449
down €1,449 (-11.5%), from €12,622 to €11,173
- Depreciation +€1,418
up €1,418 (+17.3%), from €8,186 to €9,604
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 | €85,183 | €128,424 | +€43,241 | +50.8% |
| Fixed assets | 21/28 | €24,708 | €27,767 | +€3,059 | +12.4% |
| Tangible fixed assets | 22/27 | €24,708 | €27,767 | +€3,059 | +12.4% |
| Plant, machinery and equipment | 23 | €3,639 | €6,111 | +€2,472 | +67.9% |
| Furniture and vehicles | 24 | - | €5,690 | +€5,690 | |
| Other tangible fixed assets | 26 | €21,069 | €15,966 | -€5,103 | -24.2% |
| Current assets | 29/58 | €60,475 | €100,657 | +€40,182 | +66.4% |
| Amounts receivable within one year | 40/41 | €36,263 | €22,723 | -€13,540 | -37.3% |
| Trade receivables | 40 | €29,787 | €22,723 | -€7,064 | -23.7% |
| Other amounts receivable | 41 | €6,475 | - | -€6,475 | |
| Cash at bank and in hand | 54/58 | €24,172 | €77,892 | +€53,721 | +222.2% |
| Deferred charges and accrued income | 490/1 | €40 | €42 | +€1 | +3.4% |
| Total equity and liabilities | 10/49 | €85,183 | €128,424 | +€43,241 | +50.8% |
| Equity | 10/15 | €71,116 | €69,500 | -€1,616 | -2.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,500 | €66,500 | = | 0.0% |
| Distributable reserves | 133 | €66,500 | €66,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,616 | - | -€1,616 | |
| Amounts payable | 17/49 | €14,067 | €58,924 | +€44,857 | +318.9% |
| Amounts payable within one year | 42/48 | €14,067 | €58,924 | +€44,857 | +318.9% |
| Trade debts | 44 | €1,118 | - | -€1,118 | |
| Suppliers | 440/4 | €1,118 | - | -€1,118 | |
| Taxes, remuneration and social security | 45 | €9,044 | €15,252 | +€6,208 | +68.6% |
| Taxes | 450/3 | €9,044 | €15,252 | +€6,208 | +68.6% |
| Other amounts payable | 47/48 | €3,905 | €43,672 | +€39,767 | +1018.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,186 | €9,604 | +€1,418 | +17.3% |
| Other operating charges | 640/8 | €96 | €499 | +€403 | +420.2% |
| Gross operating margin | 9900 | €54,388 | €64,933 | +€10,545 | +19.4% |
| Operating profit (loss) | 9901 | €46,106 | €54,829 | +€8,723 | +18.9% |
| Financial charges | 65/66B | €679 | €370 | -€309 | -45.5% |
| Recurring financial charges | 65 | €679 | €370 | -€309 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €45,427 | €54,459 | +€9,032 | +19.9% |
| Income taxes | 67/77 | €12,622 | €11,173 | -€1,449 | -11.5% |
| Profit (loss) for the period | 9904 | €32,805 | €43,286 | +€10,481 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,805 | €43,286 | +€10,481 | +31.9% |
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 9 October 2026 via checked.be.