LINKWISE: 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.
LINKWISE
Largest movements
- Cash +€47,834
up €47,834 (+28.7%), from €166,695 to €214,529
mainly Net result for the year (+€39,253) and Tax, wage and social debts (+€12,139)
- Reserves +€31,000
up €31,000 (+31.0%), from €100,000 to €131,000
- Tax, wage and social debts +€12,139
up €12,139 (+17.4%), from €69,583 to €81,721
of which Taxes: +€9,173
- Other debts +€5,000
new in 2025: €5,000
- Gross operating margin -€91,946
down €91,946 (-63.2%), from €145,401 to €53,455
- Taxes -€28,173
down €28,173 (-67.2%), from €41,939 to €13,766
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 | €177,843 | €228,383 | +€50,541 | +28.4% |
| Fixed assets | 21/28 | €984 | €756 | -€228 | -23.2% |
| Tangible fixed assets | 22/27 | €984 | €756 | -€228 | -23.2% |
| Furniture and vehicles | 24 | €984 | €756 | -€228 | -23.2% |
| Current assets | 29/58 | €176,859 | €227,628 | +€50,769 | +28.7% |
| Amounts receivable within one year | 40/41 | €10,164 | €11,616 | +€1,452 | +14.3% |
| Trade receivables | 40 | €10,164 | €11,616 | +€1,452 | +14.3% |
| Cash at bank and in hand | 54/58 | €166,695 | €214,529 | +€47,834 | +28.7% |
| Deferred charges and accrued income | 490/1 | - | €1,483 | +€1,483 | |
| Total equity and liabilities | 10/49 | €177,843 | €228,383 | +€50,541 | +28.4% |
| Equity | 10/15 | €108,085 | €141,087 | +€33,003 | +30.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €131,000 | +€31,000 | +31.0% |
| Distributable reserves | 133 | €100,000 | €131,000 | +€31,000 | +31.0% |
| Profit (loss) carried forward | 14 | €3,085 | €5,087 | +€2,003 | +64.9% |
| Amounts payable | 17/49 | €69,758 | €87,296 | +€17,538 | +25.1% |
| Amounts payable within one year | 42/48 | €69,758 | €87,296 | +€17,538 | +25.1% |
| Trade debts | 44 | €176 | €575 | +€400 | +227.6% |
| Suppliers | 440/4 | €176 | €575 | +€400 | +227.6% |
| Taxes, remuneration and social security | 45 | €69,583 | €81,721 | +€12,139 | +17.4% |
| Taxes | 450/3 | €60,825 | €69,999 | +€9,173 | +15.1% |
| Remuneration and social security | 454/9 | €8,757 | €11,722 | +€2,965 | +33.9% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157 | €228 | +€71 | +45.4% |
| Other operating charges | 640/8 | €220 | €54 | -€166 | -75.5% |
| Gross operating margin | 9900 | €145,401 | €53,455 | -€91,946 | -63.2% |
| Operating profit (loss) | 9901 | €145,024 | €53,173 | -€91,851 | -63.3% |
| Financial charges | 65/66B | - | €154 | +€154 | |
| Recurring financial charges | 65 | - | €154 | +€154 | |
| Profit (loss) for the period before taxes | 9903 | €145,024 | €53,019 | -€92,005 | -63.4% |
| Income taxes | 67/77 | €41,939 | €13,766 | -€28,173 | -67.2% |
| Profit (loss) for the period | 9904 | €103,085 | €39,253 | -€63,832 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €103,085 | €39,253 | -€63,832 | -61.9% |
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 7 October 2026 via checked.be.