LINX FINANCE: 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.
LINX FINANCE
Largest movements
- Receivables within one year -€336,326
down €336,326 (-71.8%), from €468,700 to €132,374
of which Trade receivables: -€348,313
- Intangible fixed assets -€53,063
no longer reported in 2025 (was €53,063)
- Cash -€34,438
down €34,438 (-28.9%), from €119,064 to €84,626
mainly Accrued charges and deferred income (-€358,900) and Contributions, distributions and other (-€180,000)
- Deferred charges and accrued income +€14,409
up €14,409 (+139%), from €10,395 to €24,804
- Accrued charges and deferred income -€358,900
down €358,900 (-99.4%), from €361,075 to €2,175
- Other debts -€150,000
no longer reported in 2025 (was €150,000)
- Profit (loss) carried forward +€50,935
up €50,935 (+22.1%), from €230,337 to €281,272
- Debts after one year +€14,897
new in 2025: €14,897
- Tax, wage and social debts +€14,379
up €14,379 (+27.3%), from €52,642 to €67,022
of which Remuneration and social security: +€14,379
- Gross operating margin -€169,718
down €169,718 (-15.9%), from €1.1m to €895,270
- Staff costs +€70,299
up €70,299 (+19.0%), from €369,620 to €439,919
- Taxes -€62,416
down €62,416 (-41.5%), from €150,309 to €87,893
- Depreciation +€23,172
up €23,172 (+25.3%), from €91,731 to €114,904
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 | €894,781 | €476,965 | -€417,816 | -46.7% |
| Fixed assets | 21/28 | €296,623 | €235,161 | -€61,462 | -20.7% |
| Intangible fixed assets | 21 | €53,063 | - | -€53,063 | |
| Tangible fixed assets | 22/27 | €243,560 | €235,161 | -€8,398 | -3.4% |
| Furniture and vehicles | 24 | €50,576 | €61,397 | +€10,821 | +21.4% |
| Other tangible fixed assets | 26 | €192,983 | €173,764 | -€19,219 | -10.0% |
| Current assets | 29/58 | €598,158 | €241,804 | -€356,354 | -59.6% |
| Amounts receivable within one year | 40/41 | €468,700 | €132,374 | -€336,326 | -71.8% |
| Trade receivables | 40 | €468,284 | €119,971 | -€348,313 | -74.4% |
| Other amounts receivable | 41 | €416 | €12,402 | +€11,987 | +2,885% |
| Cash at bank and in hand | 54/58 | €119,064 | €84,626 | -€34,438 | -28.9% |
| Deferred charges and accrued income | 490/1 | €10,395 | €24,804 | +€14,409 | +139% |
| Total equity and liabilities | 10/49 | €894,781 | €476,965 | -€417,816 | -46.7% |
| Equity | 10/15 | €301,837 | €352,772 | +€50,935 | +16.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,337 | €281,272 | +€50,935 | +22.1% |
| Amounts payable | 17/49 | €592,944 | €124,193 | -€468,751 | -79.1% |
| Amounts payable after more than one year | 17 | - | €14,897 | +€14,897 | |
| Financial debts | 170/4 | - | €14,897 | +€14,897 | |
| Amounts payable within one year | 42/48 | €231,869 | €107,120 | -€124,749 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,586 | +€12,586 | |
| Trade debts | 44 | €29,227 | €27,513 | -€1,714 | -5.9% |
| Suppliers | 440/4 | €29,227 | €27,513 | -€1,714 | -5.9% |
| Taxes, remuneration and social security | 45 | €52,642 | €67,022 | +€14,379 | +27.3% |
| Taxes | 450/3 | €19,045 | €19,045 | = | 0.0% |
| Remuneration and social security | 454/9 | €33,597 | €47,977 | +€14,379 | +42.8% |
| Other amounts payable | 47/48 | €150,000 | - | -€150,000 | |
| Accrued charges and deferred income | 492/3 | €361,075 | €2,175 | -€358,900 | -99.4% |
| Remuneration, social security and pensions | 62 | €369,620 | €439,919 | +€70,299 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,731 | €114,904 | +€23,172 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,671 | - | -€5,671 | |
| Other operating charges | 640/8 | €3,688 | €4,052 | +€364 | +9.9% |
| Gross operating margin | 9900 | €1,064,988 | €895,270 | -€169,718 | -15.9% |
| Operating profit (loss) | 9901 | €594,279 | €336,396 | -€257,883 | -43.4% |
| Financial income | 75/76B | €4,215 | €985 | -€3,229 | -76.6% |
| Recurring financial income | 75 | €4,215 | €985 | -€3,229 | -76.6% |
| Financial charges | 65/66B | €17,226 | €18,553 | +€1,327 | +7.7% |
| Recurring financial charges | 65 | €17,226 | €18,553 | +€1,327 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €581,268 | €318,828 | -€262,440 | -45.1% |
| Income taxes | 67/77 | €150,309 | €87,893 | -€62,416 | -41.5% |
| Profit (loss) for the period | 9904 | €430,959 | €230,935 | -€200,024 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €430,959 | €230,935 | -€200,024 | -46.4% |
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 29 October 2026 via checked.be.