LINKUP SOLUTIONS: 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.
LINKUP SOLUTIONS
Largest movements
- Tangible fixed assets -€14,553
down €14,553 (-5.2%), from €280,631 to €266,078
of which Land and buildings: -€28,408
- Cash -€12,579
down €12,579 (-6.6%), from €191,938 to €179,359
mainly Net result for the year (-€42,475) and Investment in fixed assets (net) (-€37,071)
- Profit (loss) carried forward -€42,475
down €42,475, from €6,232 to -€36,243
- Advances received +€33,825
new in 2025: €33,825
- Debts after one year -€21,937
down €21,937 (-10.6%), from €207,119 to €185,183
of which Financial debts: -€18,354
- Tax, wage and social debts +€4,827
up €4,827 (+20.8%), from €23,214 to €28,041
of which Taxes: +€4,926
- Gross operating margin +€39,068
up €39,068 (+251.5%), from €15,537 to €54,605
- Taxes +€17,474
up €17,474 (+722.1%), from €2,420 to €19,894
- Other operating charges +€10,102
up €10,102 (+425.9%), from €2,372 to €12,474
- Depreciation +€7,293
up €7,293 (+16.5%), from €44,331 to €51,624
- Financial income -€1,321
down €1,321 (-49.9%), from €2,648 to €1,327
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 | €480,852 | €451,397 | -€29,455 | -6.1% |
| Fixed assets | 21/28 | €280,772 | €266,219 | -€14,553 | -5.2% |
| Tangible fixed assets | 22/27 | €280,631 | €266,078 | -€14,553 | -5.2% |
| Land and buildings | 22 | €211,013 | €182,605 | -€28,408 | -13.5% |
| Plant, machinery and equipment | 23 | €1,057 | €2,266 | +€1,209 | +114.4% |
| Furniture and vehicles | 24 | €68,562 | €48,340 | -€20,221 | -29.5% |
| Other tangible fixed assets | 26 | - | €32,867 | +€32,867 | |
| Financial fixed assets | 28 | €141 | €141 | = | 0.0% |
| Current assets | 29/58 | €200,080 | €185,179 | -€14,902 | -7.4% |
| Amounts receivable within one year | 40/41 | €4,212 | €2,077 | -€2,135 | -50.7% |
| Trade receivables | 40 | €2,916 | €354 | -€2,562 | -87.9% |
| Other amounts receivable | 41 | €1,296 | €1,723 | +€427 | +32.9% |
| Cash at bank and in hand | 54/58 | €191,938 | €179,359 | -€12,579 | -6.6% |
| Deferred charges and accrued income | 490/1 | €3,930 | €3,742 | -€187 | -4.8% |
| Total equity and liabilities | 10/49 | €480,852 | €451,397 | -€29,455 | -6.1% |
| Equity | 10/15 | €185,576 | €143,101 | -€42,475 | -22.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €166,943 | €166,943 | = | 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% |
| Distributable reserves | 133 | €165,083 | €165,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,232 | -€36,243 | -€42,475 | |
| Amounts payable | 17/49 | €295,276 | €308,297 | +€13,021 | +4.4% |
| Amounts payable after more than one year | 17 | €207,119 | €185,183 | -€21,937 | -10.6% |
| Financial debts | 170/4 | €203,537 | €185,183 | -€18,354 | -9.0% |
| Other amounts payable | 178/9 | €3,582 | - | -€3,582 | |
| Amounts payable within one year | 42/48 | €88,157 | €123,114 | +€34,957 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €28,959 | €25,114 | -€3,845 | -13.3% |
| Trade debts | 44 | €1,099 | €1,530 | +€431 | +39.2% |
| Suppliers | 440/4 | €1,099 | €1,530 | +€431 | +39.2% |
| Advances received on contracts in progress | 46 | - | €33,825 | +€33,825 | |
| Taxes, remuneration and social security | 45 | €23,214 | €28,041 | +€4,827 | +20.8% |
| Taxes | 450/3 | €12,128 | €17,055 | +€4,926 | +40.6% |
| Remuneration and social security | 454/9 | €11,085 | €10,986 | -€99 | -0.9% |
| Other amounts payable | 47/48 | €34,886 | €34,605 | -€281 | -0.8% |
| Remuneration, social security and pensions | 62 | €8,243 | €8,733 | +€490 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,331 | €51,624 | +€7,293 | +16.5% |
| Other operating charges | 640/8 | €2,372 | €12,474 | +€10,102 | +425.9% |
| Gross operating margin | 9900 | €15,537 | €54,605 | +€39,068 | +251.5% |
| Operating profit (loss) | 9901 | -€39,410 | -€18,226 | +€21,183 | +53.8% |
| Financial income | 75/76B | €2,648 | €1,327 | -€1,321 | -49.9% |
| Recurring financial income | 75 | €2,648 | €1,327 | -€1,321 | -49.9% |
| Financial charges | 65/66B | €6,116 | €5,682 | -€434 | -7.1% |
| Recurring financial charges | 65 | €6,116 | €5,682 | -€434 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,878 | -€22,581 | +€20,297 | +47.3% |
| Income taxes | 67/77 | €2,420 | €19,894 | +€17,474 | +722.1% |
| Profit (loss) for the period | 9904 | -€45,298 | -€42,475 | +€2,823 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,298 | -€42,475 | +€2,823 | +6.2% |
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 2 October 2026 via checked.be.