LINKWORX: 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.
LINKWORX
Largest movements
- Receivables within one year +€85,355
up €85,355 (+23.7%), from €359,564 to €444,920
of which Trade receivables: +€148,510
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash -€27,961
down €27,961 (-7.4%), from €380,374 to €352,413
mainly Receivables within one year (-€85,355) and Other debts (-€26,700)
- Reserves +€35,377
up €35,377 (+12.9%), from €273,805 to €309,182
- Other debts -€26,700
down €26,700 (-97.6%), from €27,355 to €655
- Staff costs +€24,720
new in 2025: €24,720
- Gross operating margin +€17,002
up €17,002 (+26.2%), from €64,986 to €81,988
- Financial income +€1,550
up €1,550 (+1,409,082%), from €0 to €1,550
- Taxes -€1,547
down €1,547 (-6.8%), from €22,730 to €21,183
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 | €791,707 | €802,488 | +€10,781 | +1.4% |
| Fixed assets | 21/28 | €1,768 | €3,941 | +€2,173 | +123% |
| Tangible fixed assets | 22/27 | €1,768 | €3,941 | +€2,173 | +123% |
| Furniture and vehicles | 24 | €1,768 | €3,941 | +€2,173 | +123% |
| Current assets | 29/58 | €789,939 | €798,547 | +€8,608 | +1.1% |
| Amounts receivable within one year | 40/41 | €359,564 | €444,920 | +€85,355 | +23.7% |
| Trade receivables | 40 | €223,785 | €372,295 | +€148,510 | +66.4% |
| Other amounts receivable | 41 | €135,779 | €72,625 | -€63,155 | -46.5% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €380,374 | €352,413 | -€27,961 | -7.4% |
| Deferred charges and accrued income | 490/1 | €0 | €1,214 | +€1,214 | |
| Total equity and liabilities | 10/49 | €791,707 | €802,488 | +€10,781 | +1.4% |
| Equity | 10/15 | €298,376 | €333,753 | +€35,377 | +11.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €273,805 | €309,182 | +€35,377 | +12.9% |
| Distributable reserves | 133 | €273,805 | €309,182 | +€35,377 | +12.9% |
| Profit (loss) carried forward | 14 | €4,571 | €4,571 | +€0 | 0.0% |
| Amounts payable | 17/49 | €493,331 | €468,735 | -€24,596 | -5.0% |
| Amounts payable within one year | 42/48 | €493,331 | €468,735 | -€24,596 | -5.0% |
| Financial debts | 43 | €902 | €0 | -€902 | -100% |
| Credit institutions | 430/8 | €902 | €0 | -€902 | -100% |
| Trade debts | 44 | €457,416 | €457,300 | -€116 | 0.0% |
| Suppliers | 440/4 | €457,416 | €457,300 | -€116 | 0.0% |
| Taxes, remuneration and social security | 45 | €7,658 | €10,780 | +€3,122 | +40.8% |
| Taxes | 450/3 | €7,658 | €7,515 | -€143 | -1.9% |
| Remuneration and social security | 454/9 | - | €3,265 | +€3,265 | |
| Other amounts payable | 47/48 | €27,355 | €655 | -€26,700 | -97.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €24,720 | +€24,720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,209 | €1,423 | +€214 | +17.7% |
| Other operating charges | 640/8 | €331 | €208 | -€123 | -37.2% |
| Gross operating margin | 9900 | €64,986 | €81,988 | +€17,002 | +26.2% |
| Operating profit (loss) | 9901 | €63,447 | €55,637 | -€7,810 | -12.3% |
| Financial income | 75/76B | €0 | €1,550 | +€1,550 | +1,409,082% |
| Recurring financial income | 75 | €0 | €1,550 | +€1,550 | +1,409,082% |
| Financial charges | 65/66B | €746 | €627 | -€119 | -16.0% |
| Recurring financial charges | 65 | €746 | €627 | -€119 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €62,700 | €56,560 | -€6,140 | -9.8% |
| Income taxes | 67/77 | €22,730 | €21,183 | -€1,547 | -6.8% |
| Profit (loss) for the period | 9904 | €39,970 | €35,377 | -€4,593 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,970 | €35,377 | -€4,593 | -11.5% |
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 14 October 2026 via checked.be.