diff --git a/crates/engine/src/cmd/links.rs b/crates/engine/src/cmd/links.rs
index 575a6f26..59915ff3 100644
--- a/crates/engine/src/cmd/links.rs
+++ b/crates/engine/src/cmd/links.rs
@@ -283,6 +283,9 @@ fn stale(d: &Document, g: &Group) -> bool {
 pub(crate) struct LinkedFile {
     pub path: String,
     pub name: String,
+    /// The file actually read, which may be next to the current document after a move.
+    /// Nested links must be resolved against this folder, not the obsolete original path.
+    pub found_path: Option<String>,
     /// Read from where the file is found, else the pixels the document holds when they are the
     /// file's own; `None` when neither.
     pub bytes: Option<Vec<u8>>,
@@ -297,10 +300,10 @@ pub(crate) fn linked_files(d: &Document, doc_path: Option<&str>) -> Vec<LinkedFi
         .filter(|g| seen.insert(g.link.path.clone()))
         .map(|g| {
             let own = |b: &&ImageBlob| !b.is_proxy() && fileio::format_for_name(g.link.name()).is_some_and(|f| f.mime == b.mime);
-            let bytes = locate(&g.link, folder(doc_path))
-                .and_then(|mut f| f.read().ok())
-                .or_else(|| d.images.get(&g.key).filter(own).map(|b| b.bytes.to_vec()));
-            LinkedFile { path: g.link.path.clone(), name: g.link.name().to_string(), bytes }
+            let found = locate(&g.link, folder(doc_path));
+            let found_path = found.as_ref().map(|f| f.path.clone());
+            let bytes = found.and_then(|mut f| f.read().ok()).or_else(|| d.images.get(&g.key).filter(own).map(|b| b.bytes.to_vec()));
+            LinkedFile { path: g.link.path.clone(), name: g.link.name().to_string(), found_path, bytes }
         })
         .collect()
 }