LINQED: 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.
LINQED
Largest movements
- Receivables within one year -€14,245
down €14,245 (-13.6%), from €104,650 to €90,405
of which Other amounts receivable: -€21,745
- Cash +€2,662
up €2,662 (+27.2%), from €9,801 to €12,463
mainly Receivables within one year (+€14,245) and Tax, wage and social debts (+€9,296)
- Profit (loss) carried forward -€20,549
down €20,549 (-166.4%), from -€12,350 to -€32,898
- Tax, wage and social debts +€9,296
up €9,296 (+2363.5%), from €393 to €9,689
of which Taxes: +€6,011
- Gross operating margin +€37,500
up €37,500 (+66.9%), from -€56,022 to -€18,522
- Depreciation -€1,622
down €1,622 (-80.2%), from €2,023 to €401
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,566 | €123,581 | -€11,984 | -8.8% |
| Fixed assets | 21/28 | €21,114 | €20,713 | -€401 | -1.9% |
| Tangible fixed assets | 22/27 | €1,114 | €713 | -€401 | -36.0% |
| Plant, machinery and equipment | 23 | €1,114 | €713 | -€401 | -36.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €114,452 | €102,868 | -€11,584 | -10.1% |
| Amounts receivable within one year | 40/41 | €104,650 | €90,405 | -€14,245 | -13.6% |
| Trade receivables | 40 | €37,500 | €45,000 | +€7,500 | +20.0% |
| Other amounts receivable | 41 | €67,150 | €45,405 | -€21,745 | -32.4% |
| Cash at bank and in hand | 54/58 | €9,801 | €12,463 | +€2,662 | +27.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €135,566 | €123,581 | -€11,984 | -8.8% |
| Equity | 10/15 | €132,106 | €111,557 | -€20,549 | -15.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €132,056 | €132,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €30,571 | €30,571 | = | 0.0% |
| Distributable reserves | 133 | €101,485 | €101,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,350 | -€32,898 | -€20,549 | -166.4% |
| Amounts payable | 17/49 | €3,460 | €12,024 | +€8,564 | +247.5% |
| Amounts payable within one year | 42/48 | €3,310 | €12,024 | +€8,714 | +263.3% |
| Trade debts | 44 | €789 | €58 | -€731 | -92.6% |
| Suppliers | 440/4 | €789 | €58 | -€731 | -92.6% |
| Taxes, remuneration and social security | 45 | €393 | €9,689 | +€9,296 | +2363.5% |
| Taxes | 450/3 | €393 | €6,404 | +€6,011 | +1528.3% |
| Remuneration and social security | 454/9 | - | €3,285 | +€3,285 | |
| Other amounts payable | 47/48 | €2,127 | €2,277 | +€150 | +7.1% |
| Accrued charges and deferred income | 492/3 | €150 | €0 | -€150 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,023 | €401 | -€1,622 | -80.2% |
| Other operating charges | 640/8 | €879 | €733 | -€146 | -16.6% |
| Gross operating margin | 9900 | -€56,022 | -€18,522 | +€37,500 | +66.9% |
| Operating profit (loss) | 9901 | -€58,924 | -€19,656 | +€39,269 | +66.6% |
| Financial income | 75/76B | €0 | €55 | +€55 | +550100.0% |
| Recurring financial income | 75 | €0 | €55 | +€55 | +550100.0% |
| Financial charges | 65/66B | €794 | €695 | -€99 | -12.5% |
| Recurring financial charges | 65 | €794 | €695 | -€99 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€59,718 | -€20,295 | +€39,423 | +66.0% |
| Income taxes | 67/77 | €393 | €254 | -€140 | -35.5% |
| Profit (loss) for the period | 9904 | -€60,111 | -€20,549 | +€39,562 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,111 | -€20,549 | +€39,562 | +65.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.