LINKIU: 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.
LINKIU
Largest movements
- Cash -€21,241
down €21,241 (-12.3%), from €173,096 to €151,855
mainly Contributions, distributions and other (-€84,000) and Trade debts (-€43,498)
- Receivables within one year -€16,581
down €16,581 (-72.0%), from €23,042 to €6,461
of which Other amounts receivable: -€10,000
- Deferred charges and accrued income +€10,188
up €10,188 (+17.9%), from €56,809 to €66,997
- Trade debts -€43,498
down €43,498 (-34.9%), from €124,601 to €81,103
- Current portion of long-term debt +€7,386
up €7,386 (+42.9%), from €17,201 to €24,587
- Tax, wage and social debts +€5,542
up €5,542 (+49.3%), from €11,246 to €16,787
of which Remuneration and social security: +€3,783
- Gross operating margin +€86,061
up €86,061 (+40.5%), from €212,566 to €298,627
- Staff costs +€22,019
up €22,019 (+20.6%), from €106,848 to €128,867
- Taxes +€15,220
up €15,220 (+70.7%), from €21,539 to €36,758
- Depreciation +€7,648
up €7,648 (+26.7%), from €28,645 to €36,293
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 | €391,242 | €361,068 | -€30,174 | -7.7% |
| Fixed assets | 21/28 | €138,296 | €135,755 | -€2,541 | -1.8% |
| Intangible fixed assets | 21 | €1,619 | €755 | -€864 | -53.4% |
| Tangible fixed assets | 22/27 | €136,676 | €135,000 | -€1,677 | -1.2% |
| Plant, machinery and equipment | 23 | €4,703 | €2,489 | -€2,214 | -47.1% |
| Furniture and vehicles | 24 | €2,920 | €25,621 | +€22,701 | +777.4% |
| Other tangible fixed assets | 26 | €129,053 | €106,890 | -€22,163 | -17.2% |
| Current assets | 29/58 | €252,946 | €225,313 | -€27,633 | -10.9% |
| Amounts receivable within one year | 40/41 | €23,042 | €6,461 | -€16,581 | -72.0% |
| Trade receivables | 40 | €6,581 | - | -€6,581 | |
| Other amounts receivable | 41 | €16,461 | €6,461 | -€10,000 | -60.7% |
| Cash at bank and in hand | 54/58 | €173,096 | €151,855 | -€21,241 | -12.3% |
| Deferred charges and accrued income | 490/1 | €56,809 | €66,997 | +€10,188 | +17.9% |
| Total equity and liabilities | 10/49 | €391,242 | €361,068 | -€30,174 | -7.7% |
| Equity | 10/15 | €104,747 | €108,235 | +€3,487 | +3.3% |
| Contributions | 10/11 | €98,200 | €98,200 | = | 0.0% |
| Reserves | 13 | €6,547 | €10,035 | +€3,487 | +53.3% |
| Distributable reserves | 133 | €6,547 | €10,035 | +€3,487 | +53.3% |
| Amounts payable | 17/49 | €286,494 | €252,833 | -€33,661 | -11.7% |
| Amounts payable after more than one year | 17 | €129,049 | €129,003 | -€46 | 0.0% |
| Financial debts | 170/4 | €129,049 | €129,003 | -€46 | 0.0% |
| Amounts payable within one year | 42/48 | €154,400 | €123,830 | -€30,570 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €17,201 | €24,587 | +€7,386 | +42.9% |
| Trade debts | 44 | €124,601 | €81,103 | -€43,498 | -34.9% |
| Suppliers | 440/4 | €124,601 | €81,103 | -€43,498 | -34.9% |
| Taxes, remuneration and social security | 45 | €11,246 | €16,787 | +€5,542 | +49.3% |
| Taxes | 450/3 | - | €1,758 | +€1,758 | |
| Remuneration and social security | 454/9 | €11,246 | €15,029 | +€3,783 | +33.6% |
| Other amounts payable | 47/48 | €1,352 | €1,352 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,045 | - | -€3,045 | |
| Remuneration, social security and pensions | 62 | €106,848 | €128,867 | +€22,019 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,645 | €36,293 | +€7,648 | +26.7% |
| Other operating charges | 640/8 | €477 | €3,314 | +€2,837 | +594.6% |
| Gross operating margin | 9900 | €212,566 | €298,627 | +€86,061 | +40.5% |
| Operating profit (loss) | 9901 | €76,596 | €130,153 | +€53,557 | +69.9% |
| Financial charges | 65/66B | €8,341 | €5,907 | -€2,434 | -29.2% |
| Recurring financial charges | 65 | €8,341 | €5,907 | -€2,434 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €68,255 | €124,246 | +€55,991 | +82.0% |
| Income taxes | 67/77 | €21,539 | €36,758 | +€15,220 | +70.7% |
| Profit (loss) for the period | 9904 | €46,716 | €87,487 | +€40,771 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,716 | €87,487 | +€40,771 | +87.3% |
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 1 October 2026 via checked.be.