LINXES: 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.
LINXES
Largest movements
- Current investments +€968,035
up €968,035 (+61.2%), from €1.6m to €2.5m
- Receivables within one year -€350,000
down €350,000 (-46.7%), from €750,000 to €400,000
- Cash +€42,079
up €42,079 (+8.4%), from €501,104 to €543,183
mainly Net result for the year (+€743,719) and Receivables within one year (+€350,000)
- Reserves +€643,719
up €643,719 (+19.9%), from €3.2m to €3.9m
of which Distributable reserves: +€429,009
- Gross operating margin -€331,321
down €331,321 (-35.4%), from €935,104 to €603,782
- Financial income +€169,167
up €169,167 (+89.2%), from €189,623 to €358,791
- Taxes -€104,401
down €104,401 (-36.1%), from €289,379 to €184,978
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 | €3,395,705 | €4,046,463 | +€650,758 | +19.2% |
| Fixed assets | 21/28 | €559,761 | €547,284 | -€12,477 | -2.2% |
| Tangible fixed assets | 22/27 | €135,761 | €123,284 | -€12,477 | -9.2% |
| Land and buildings | 22 | €124,705 | €112,353 | -€12,353 | -9.9% |
| Furniture and vehicles | 24 | €11,056 | €10,932 | -€125 | -1.1% |
| Financial fixed assets | 28 | €424,000 | €424,000 | = | 0.0% |
| Current assets | 29/58 | €2,835,944 | €3,499,179 | +€663,235 | +23.4% |
| Amounts receivable within one year | 40/41 | €750,000 | €400,000 | -€350,000 | -46.7% |
| Trade receivables | 40 | €750,000 | €400,000 | -€350,000 | -46.7% |
| Current investments | 50/53 | €1,580,498 | €2,548,533 | +€968,035 | +61.2% |
| Cash at bank and in hand | 54/58 | €501,104 | €543,183 | +€42,079 | +8.4% |
| Deferred charges and accrued income | 490/1 | €4,342 | €7,463 | +€3,121 | +71.9% |
| Total equity and liabilities | 10/49 | €3,395,705 | €4,046,463 | +€650,758 | +19.2% |
| Equity | 10/15 | €3,253,251 | €3,896,970 | +€643,719 | +19.8% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €3,229,251 | €3,872,970 | +€643,719 | +19.9% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €210,500 | €425,210 | +€214,710 | +102% |
| Distributable reserves | 133 | €3,016,351 | €3,445,360 | +€429,009 | +14.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,454 | €149,493 | +€7,039 | +4.9% |
| Amounts payable within one year | 42/48 | €139,454 | €146,493 | +€7,039 | +5.0% |
| Trade debts | 44 | €303 | €100 | -€202 | -66.8% |
| Suppliers | 440/4 | €303 | €100 | -€202 | -66.8% |
| Taxes, remuneration and social security | 45 | €79,151 | €86,393 | +€7,241 | +9.1% |
| Taxes | 450/3 | €79,151 | €86,393 | +€7,241 | +9.1% |
| Other amounts payable | 47/48 | €60,000 | €60,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,274 | €17,805 | +€531 | +3.1% |
| Other operating charges | 640/8 | €6,321 | €8,298 | +€1,977 | +31.3% |
| Non-recurring operating charges | 66A | €0 | €172 | +€172 | |
| Gross operating margin | 9900 | €935,104 | €603,782 | -€331,321 | -35.4% |
| Operating profit (loss) | 9901 | €911,508 | €577,507 | -€334,001 | -36.6% |
| Financial income | 75/76B | €189,623 | €358,791 | +€169,167 | +89.2% |
| Recurring financial income | 75 | €189,623 | €358,791 | +€169,167 | +89.2% |
| Financial charges | 65/66B | -€1,496 | €7,601 | +€9,097 | |
| Recurring financial charges | 65 | -€1,496 | €7,601 | +€9,097 | |
| Profit (loss) for the period before taxes | 9903 | €1,102,628 | €928,697 | -€173,931 | -15.8% |
| Income taxes | 67/77 | €289,379 | €184,978 | -€104,401 | -36.1% |
| Profit (loss) for the period | 9904 | €813,249 | €743,719 | -€69,530 | -8.5% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €214,710 | +€4,210 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €602,749 | €529,009 | -€73,740 | -12.2% |
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 25 October 2026 via checked.be.