LINKWOOD: 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.
LINKWOOD
Largest movements
- Cash +€22,484
up €22,484 (+2,238%), from €1,005 to €23,488
mainly Depreciation (+€24,853) and Net result for the year (+€6,759)
- Tangible fixed assets -€22,065
down €22,065 (-22.6%), from €97,611 to €75,547
of which Furniture and vehicles: -€19,632
- Other debts -€8,141
down €8,141 (-100%), from €8,141 to €0
- Reserves +€6,759
up €6,759 (+8.3%), from €81,904 to €88,663
- Tax, wage and social debts +€2,107
up €2,107 (+19.3%), from €10,946 to €13,054
- Gross operating margin -€21,186
down €21,186 (-37.4%), from €56,597 to €35,411
- Taxes -€7,212
down €7,212 (-69.8%), from €10,327 to €3,115
- Depreciation +€5,058
up €5,058 (+25.5%), from €19,795 to €24,853
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 | €113,227 | €113,895 | +€668 | +0.6% |
| Fixed assets | 21/28 | €97,611 | €75,547 | -€22,065 | -22.6% |
| Tangible fixed assets | 22/27 | €97,611 | €75,547 | -€22,065 | -22.6% |
| Plant, machinery and equipment | 23 | €3,233 | €1,542 | -€1,691 | -52.3% |
| Furniture and vehicles | 24 | €92,065 | €72,434 | -€19,632 | -21.3% |
| Other tangible fixed assets | 26 | €2,313 | €1,571 | -€742 | -32.1% |
| Current assets | 29/58 | €15,616 | €38,349 | +€22,733 | +146% |
| Amounts receivable within one year | 40/41 | €14,611 | €14,442 | -€170 | -1.2% |
| Trade receivables | 40 | €5,950 | €8,000 | +€2,050 | +34.5% |
| Other amounts receivable | 41 | €8,661 | €6,442 | -€2,220 | -25.6% |
| Cash at bank and in hand | 54/58 | €1,005 | €23,488 | +€22,484 | +2,238% |
| Deferred charges and accrued income | 490/1 | - | €419 | +€419 | |
| Total equity and liabilities | 10/49 | €113,227 | €113,895 | +€668 | +0.6% |
| Equity | 10/15 | €93,188 | €99,947 | +€6,759 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €81,904 | €88,663 | +€6,759 | +8.3% |
| Distributable reserves | 133 | €81,904 | €88,663 | +€6,759 | +8.3% |
| Profit (loss) carried forward | 14 | -€1,116 | -€1,116 | = | 0.0% |
| Amounts payable | 17/49 | €20,039 | €13,948 | -€6,091 | -30.4% |
| Amounts payable within one year | 42/48 | €20,039 | €13,948 | -€6,091 | -30.4% |
| Trade debts | 44 | €952 | €895 | -€57 | -6.0% |
| Suppliers | 440/4 | €952 | €895 | -€57 | -6.0% |
| Taxes, remuneration and social security | 45 | €10,946 | €13,054 | +€2,107 | +19.3% |
| Taxes | 450/3 | €10,946 | €13,054 | +€2,107 | +19.3% |
| Other amounts payable | 47/48 | €8,141 | €0 | -€8,141 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,795 | €24,853 | +€5,058 | +25.5% |
| Other operating charges | 640/8 | €449 | €614 | +€165 | +36.7% |
| Gross operating margin | 9900 | €56,597 | €35,411 | -€21,186 | -37.4% |
| Operating profit (loss) | 9901 | €36,352 | €9,944 | -€26,409 | -72.6% |
| Financial income | 75/76B | €11 | €25 | +€13 | +116% |
| Recurring financial income | 75 | €11 | €25 | +€13 | +116% |
| Financial charges | 65/66B | €11 | €94 | +€83 | +762% |
| Recurring financial charges | 65 | €11 | €94 | +€83 | +762% |
| Profit (loss) for the period before taxes | 9903 | €36,353 | €9,874 | -€26,479 | -72.8% |
| Income taxes | 67/77 | €10,327 | €3,115 | -€7,212 | -69.8% |
| Profit (loss) for the period | 9904 | €26,026 | €6,759 | -€19,267 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,026 | €6,759 | -€19,267 | -74.0% |
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 17 October 2026 via checked.be.