Linking Talents: 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.
Linking Talents
Largest movements
- Current investments +€19,098
up €19,098 (+23.0%), from €83,214 to €102,312
- Tangible fixed assets -€10,341
down €10,341 (-24.9%), from €41,503 to €31,162
- Cash +€9,255
up €9,255 (+106%), from €8,711 to €17,966
mainly Net result for the year (+€35,183) and Other debts (+€18,192)
- Receivables within one year -€3,852
down €3,852 (-19.1%), from €20,210 to €16,358
of which Other amounts receivable: -€4,030
- Other debts +€18,192
new in 2025: €18,192
- Debts after one year -€10,297
down €10,297 (-79.6%), from €12,936 to €2,639
- Tax, wage and social debts +€5,346
up €5,346 (+156%), from €3,424 to €8,770
- Gross operating margin +€3,520
up €3,520 (+6.3%), from €56,311 to €59,831
- Taxes +€2,574
up €2,574 (+21.4%), from €12,007 to €14,581
- Financial income +€1,381
up €1,381 (+215%), from €643 to €2,024
- Depreciation +€1,370
up €1,370 (+15.3%), from €8,971 to €10,341
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.
Derived cash bridge
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 | €153,749 | €167,927 | +€14,178 | +9.2% |
| Fixed assets | 21/28 | €41,503 | €31,162 | -€10,341 | -24.9% |
| Tangible fixed assets | 22/27 | €41,503 | €31,162 | -€10,341 | -24.9% |
| Furniture and vehicles | 24 | €41,503 | €31,162 | -€10,341 | -24.9% |
| Current assets | 29/58 | €112,246 | €136,765 | +€24,519 | +21.8% |
| Amounts receivable within one year | 40/41 | €20,210 | €16,358 | -€3,852 | -19.1% |
| Trade receivables | 40 | €14,187 | €14,365 | +€178 | +1.3% |
| Other amounts receivable | 41 | €6,023 | €1,993 | -€4,030 | -66.9% |
| Current investments | 50/53 | €83,214 | €102,312 | +€19,098 | +23.0% |
| Cash at bank and in hand | 54/58 | €8,711 | €17,966 | +€9,255 | +106% |
| Deferred charges and accrued income | 490/1 | €111 | €129 | +€18 | +16.2% |
| Total equity and liabilities | 10/49 | €153,749 | €167,927 | +€14,178 | +9.2% |
| Equity | 10/15 | €122,501 | €123,993 | +€1,492 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,901 | €105,393 | +€1,492 | +1.4% |
| Distributable reserves | 133 | €103,901 | €105,393 | +€1,492 | +1.4% |
| Amounts payable | 17/49 | €31,248 | €43,934 | +€12,686 | +40.6% |
| Amounts payable after more than one year | 17 | €12,936 | €2,639 | -€10,297 | -79.6% |
| Financial debts | 170/4 | €12,936 | €2,639 | -€10,297 | -79.6% |
| Amounts payable within one year | 42/48 | €17,195 | €41,295 | +€24,100 | +140% |
| Current portion of amounts payable after more than one year | 42 | €12,396 | €12,797 | +€401 | +3.2% |
| Trade debts | 44 | €1,375 | €1,536 | +€161 | +11.7% |
| Suppliers | 440/4 | €1,375 | €1,536 | +€161 | +11.7% |
| Taxes, remuneration and social security | 45 | €3,424 | €8,770 | +€5,346 | +156% |
| Taxes | 450/3 | €3,424 | €8,770 | +€5,346 | +156% |
| Other amounts payable | 47/48 | - | €18,192 | +€18,192 | |
| Accrued charges and deferred income | 492/3 | €1,117 | - | -€1,117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,971 | €10,341 | +€1,370 | +15.3% |
| Other operating charges | 640/8 | €616 | €650 | +€34 | +5.5% |
| Non-recurring operating charges | 66A | €5,778 | - | -€5,778 | |
| Gross operating margin | 9900 | €56,311 | €59,831 | +€3,520 | +6.3% |
| Operating profit (loss) | 9901 | €40,946 | €48,840 | +€7,894 | +19.3% |
| Financial income | 75/76B | €643 | €2,024 | +€1,381 | +215% |
| Recurring financial income | 75 | €643 | €2,024 | +€1,381 | +215% |
| Financial charges | 65/66B | €1,262 | €1,100 | -€162 | -12.8% |
| Recurring financial charges | 65 | €1,262 | €1,100 | -€162 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €40,327 | €49,764 | +€9,437 | +23.4% |
| Income taxes | 67/77 | €12,007 | €14,581 | +€2,574 | +21.4% |
| Profit (loss) for the period | 9904 | €28,320 | €35,183 | +€6,863 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,320 | €35,183 | +€6,863 | +24.2% |
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 16 October 2026 via checked.be.