GROUP LINO: 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.
GROUP LINO
Largest movements
- Stocks and contracts -€120,432
down €120,432 (-61.7%), from €195,211 to €74,779
- Tangible fixed assets -€37,302
down €37,302 (-35.9%), from €104,005 to €66,703
of which Furniture and vehicles: -€31,366
- Cash -€20,712
down €20,712 (-17.7%), from €117,335 to €96,623
mainly Net result for the year (-€76,452) and Trade debts (-€70,263)
- Receivables within one year +€9,199
up €9,199 (+49.9%), from €18,436 to €27,636
of which Other amounts receivable: +€14,449
- Trade debts -€70,263
down €70,263 (-28.0%), from €251,054 to €180,792
- Profit (loss) carried forward -€46,995
new in 2025: -€46,995
- Reserves -€29,457
down €29,457 (-48.0%), from €61,416 to €31,959
- Debts after one year -€28,961
down €28,961 (-62.9%), from €46,016 to €17,055
- Tax, wage and social debts +€6,332
up €6,332 (+15.0%), from €42,334 to €48,666
of which Remuneration and social security: +€13,350
- Staff costs +€76,911
up €76,911 (+38.4%), from €200,408 to €277,320
- Gross operating margin +€24,494
up €24,494 (+10.1%), from €242,094 to €266,589
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.
Cash bridge derived
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 | €437,748 | €268,450 | -€169,298 | -38.7% |
| Fixed assets | 21/28 | €104,335 | €66,703 | -€37,632 | -36.1% |
| Tangible fixed assets | 22/27 | €104,005 | €66,703 | -€37,302 | -35.9% |
| Plant, machinery and equipment | 23 | €16,232 | €10,297 | -€5,935 | -36.6% |
| Furniture and vehicles | 24 | €87,772 | €56,406 | -€31,366 | -35.7% |
| Financial fixed assets | 28 | €330 | - | -€330 | |
| Current assets | 29/58 | €333,413 | €201,747 | -€131,666 | -39.5% |
| Stocks and contracts in progress | 3 | €195,211 | €74,779 | -€120,432 | -61.7% |
| Stocks | 30/36 | €195,211 | €74,779 | -€120,432 | -61.7% |
| Amounts receivable within one year | 40/41 | €18,436 | €27,636 | +€9,199 | +49.9% |
| Trade receivables | 40 | €5,275 | €25 | -€5,250 | -99.5% |
| Other amounts receivable | 41 | €13,162 | €27,611 | +€14,449 | +109.8% |
| Cash at bank and in hand | 54/58 | €117,335 | €96,623 | -€20,712 | -17.7% |
| Deferred charges and accrued income | 490/1 | €2,431 | €2,710 | +€279 | +11.5% |
| Total equity and liabilities | 10/49 | €437,748 | €268,450 | -€169,298 | -38.7% |
| Equity | 10/15 | €66,416 | -€10,036 | -€76,452 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,416 | €31,959 | -€29,457 | -48.0% |
| Distributable reserves | 133 | €61,416 | €31,959 | -€29,457 | -48.0% |
| Profit (loss) carried forward | 14 | - | -€46,995 | -€46,995 | |
| Amounts payable | 17/49 | €371,332 | €278,486 | -€92,846 | -25.0% |
| Amounts payable after more than one year | 17 | €46,016 | €17,055 | -€28,961 | -62.9% |
| Financial debts | 170/4 | €46,016 | €17,055 | -€28,961 | -62.9% |
| Amounts payable within one year | 42/48 | €325,316 | €261,431 | -€63,885 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €28,616 | €28,961 | +€345 | +1.2% |
| Trade debts | 44 | €251,054 | €180,792 | -€70,263 | -28.0% |
| Suppliers | 440/4 | €251,054 | €180,792 | -€70,263 | -28.0% |
| Taxes, remuneration and social security | 45 | €42,334 | €48,666 | +€6,332 | +15.0% |
| Taxes | 450/3 | €8,490 | €1,471 | -€7,019 | -82.7% |
| Remuneration and social security | 454/9 | €33,844 | €47,195 | +€13,350 | +39.4% |
| Other amounts payable | 47/48 | €3,312 | €3,012 | -€299 | -9.0% |
| Remuneration, social security and pensions | 62 | €200,408 | €277,320 | +€76,911 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,539 | €38,400 | +€861 | +2.3% |
| Other operating charges | 640/8 | €2,669 | €1,995 | -€673 | -25.2% |
| Gross operating margin | 9900 | €242,094 | €266,589 | +€24,494 | +10.1% |
| Operating profit (loss) | 9901 | €1,478 | -€51,127 | -€52,605 | |
| Financial income | 75/76B | €519 | €689 | +€170 | +32.8% |
| Recurring financial income | 75 | €519 | €689 | +€170 | +32.8% |
| Financial charges | 65/66B | €23,317 | €25,558 | +€2,241 | +9.6% |
| Recurring financial charges | 65 | €23,317 | €25,558 | +€2,241 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,320 | -€75,997 | -€54,676 | -256.5% |
| Income taxes | 67/77 | €468 | €455 | -€13 | -2.8% |
| Profit (loss) for the period | 9904 | -€21,789 | -€76,452 | -€54,663 | -250.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,789 | -€76,452 | -€54,663 | -250.9% |
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 9 October 2026 via checked.be.