Linkkado: 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.
Linkkado
Largest movements
- Receivables within one year +€78,518
up €78,518 (+51.7%), from €151,908 to €230,426
of which Trade receivables: +€75,294
- Tangible fixed assets +€61,399
up €61,399 (+420%), from €14,610 to €76,010
of which Other tangible fixed assets: +€38,132
- Cash -€53,956
down €53,956 (-92.3%), from €58,472 to €4,516
mainly Receivables within one year (-€78,518) and Investment in fixed assets (net) (-€72,791)
- Trade debts +€45,049
up €45,049 (+152%), from €29,665 to €74,713
- Reserves +€43,950
up €43,950 (+41.4%), from €106,158 to €150,108
- Other debts -€18,936
down €18,936 (-35.8%), from €52,928 to €33,992
- Debts after one year +€17,274
new in 2025: €17,274
- Tax, wage and social debts -€6,960
down €6,960 (-19.2%), from €36,206 to €29,246
of which Taxes: -€10,820
- Staff costs +€30,953
new in 2025: €30,953
- Gross operating margin -€18,279
down €18,279 (-14.5%), from €125,998 to €107,718
- Taxes -€12,203
down €12,203 (-50.5%), from €24,149 to €11,947
- Depreciation -€3,108
down €3,108 (-18.4%), from €16,886 to €13,778
- Financial charges +€1,466
up €1,466 (+32.2%), from €4,548 to €6,015
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 | €234,957 | €321,594 | +€86,638 | +36.9% |
| Fixed assets | 21/28 | €16,996 | €76,010 | +€59,013 | +347% |
| Intangible fixed assets | 21 | €2,386 | - | -€2,386 | |
| Tangible fixed assets | 22/27 | €14,610 | €76,010 | +€61,399 | +420% |
| Land and buildings | 22 | €1,184 | €436 | -€748 | -63.2% |
| Plant, machinery and equipment | 23 | €2,125 | €2,094 | -€31 | -1.5% |
| Furniture and vehicles | 24 | - | €1,933 | +€1,933 | |
| Leasing and similar rights | 25 | - | €22,113 | +€22,113 | |
| Other tangible fixed assets | 26 | €11,301 | €49,433 | +€38,132 | +337% |
| Current assets | 29/58 | €217,961 | €245,585 | +€27,624 | +12.7% |
| Stocks and contracts in progress | 3 | €2,294 | €2,244 | -€50 | -2.2% |
| Stocks | 30/36 | €2,294 | €2,244 | -€50 | -2.2% |
| Amounts receivable within one year | 40/41 | €151,908 | €230,426 | +€78,518 | +51.7% |
| Trade receivables | 40 | €151,908 | €227,202 | +€75,294 | +49.6% |
| Other amounts receivable | 41 | - | €3,224 | +€3,224 | |
| Cash at bank and in hand | 54/58 | €58,472 | €4,516 | -€53,956 | -92.3% |
| Deferred charges and accrued income | 490/1 | €5,286 | €8,399 | +€3,112 | +58.9% |
| Total equity and liabilities | 10/49 | €234,957 | €321,594 | +€86,638 | +36.9% |
| Equity | 10/15 | €116,158 | €160,108 | +€43,950 | +37.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €106,158 | €150,108 | +€43,950 | +41.4% |
| Distributable reserves | 133 | €106,158 | €150,108 | +€43,950 | +41.4% |
| Amounts payable | 17/49 | €118,799 | €161,486 | +€42,687 | +35.9% |
| Amounts payable after more than one year | 17 | - | €17,274 | +€17,274 | |
| Financial debts | 170/4 | - | €17,274 | +€17,274 | |
| Amounts payable within one year | 42/48 | €118,799 | €143,226 | +€24,427 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,275 | +€5,275 | |
| Trade debts | 44 | €29,665 | €74,713 | +€45,049 | +152% |
| Suppliers | 440/4 | €29,665 | €74,713 | +€45,049 | +152% |
| Taxes, remuneration and social security | 45 | €36,206 | €29,246 | -€6,960 | -19.2% |
| Taxes | 450/3 | €36,206 | €25,386 | -€10,820 | -29.9% |
| Remuneration and social security | 454/9 | - | €3,860 | +€3,860 | |
| Other amounts payable | 47/48 | €52,928 | €33,992 | -€18,936 | -35.8% |
| Accrued charges and deferred income | 492/3 | - | €986 | +€986 | |
| Remuneration, social security and pensions | 62 | - | €30,953 | +€30,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,886 | €13,778 | -€3,108 | -18.4% |
| Other operating charges | 640/8 | €1,061 | €1,440 | +€379 | +35.7% |
| Gross operating margin | 9900 | €125,998 | €107,718 | -€18,279 | -14.5% |
| Operating profit (loss) | 9901 | €108,051 | €61,547 | -€46,504 | -43.0% |
| Financial income | 75/76B | €579 | €365 | -€214 | -36.9% |
| Recurring financial income | 75 | €579 | €365 | -€214 | -36.9% |
| Financial charges | 65/66B | €4,548 | €6,015 | +€1,466 | +32.2% |
| Recurring financial charges | 65 | €4,548 | €6,015 | +€1,466 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €104,082 | €55,897 | -€48,185 | -46.3% |
| Income taxes | 67/77 | €24,149 | €11,947 | -€12,203 | -50.5% |
| Profit (loss) for the period | 9904 | €79,933 | €43,950 | -€35,982 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,933 | €43,950 | -€35,982 | -45.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.