HL LINACE: 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.
HL LINACE
Largest movements
- Cash -€6,133
down €6,133 (-76.1%), from €8,061 to €1,928
mainly Other debts (-€16,745) and Tax, wage and social debts (-€1,248)
- Receivables within one year +€755
up €755 (+5.4%), from €13,873 to €14,628
of which Trade receivables: +€580
- Other debts -€16,745
down €16,745 (-13.0%), from €128,733 to €111,988
- Profit (loss) carried forward +€10,009
up €10,009 (+8.7%), from -€114,489 to -€104,480
- Trade debts +€2,200
new in 2025: €2,200
- Tax, wage and social debts -€1,248
down €1,248 (-44.1%), from €2,833 to €1,584
- Gross operating margin -€3,220
down €3,220 (-23.2%), from €13,864 to €10,645
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 | €23,277 | €17,493 | -€5,784 | -24.9% |
| Formation expenses | 20 | €441 | €235 | -€206 | -46.7% |
| Fixed assets | 21/28 | €901 | €701 | -€200 | -22.2% |
| Tangible fixed assets | 22/27 | €901 | €701 | -€200 | -22.2% |
| Other tangible fixed assets | 26 | €901 | €701 | -€200 | -22.2% |
| Current assets | 29/58 | €21,935 | €16,557 | -€5,378 | -24.5% |
| Amounts receivable within one year | 40/41 | €13,873 | €14,628 | +€755 | +5.4% |
| Trade receivables | 40 | €9,043 | €9,623 | +€580 | +6.4% |
| Other amounts receivable | 41 | €4,830 | €5,005 | +€175 | +3.6% |
| Cash at bank and in hand | 54/58 | €8,061 | €1,928 | -€6,133 | -76.1% |
| Total equity and liabilities | 10/49 | €23,277 | €17,493 | -€5,784 | -24.9% |
| Equity | 10/15 | -€108,289 | -€98,280 | +€10,009 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,489 | -€104,480 | +€10,009 | +8.7% |
| Amounts payable | 17/49 | €131,566 | €115,772 | -€15,793 | -12.0% |
| Amounts payable within one year | 42/48 | €131,566 | €115,772 | -€15,793 | -12.0% |
| Trade debts | 44 | - | €2,200 | +€2,200 | |
| Suppliers | 440/4 | - | €2,200 | +€2,200 | |
| Taxes, remuneration and social security | 45 | €2,833 | €1,584 | -€1,248 | -44.1% |
| Taxes | 450/3 | €2,833 | €1,584 | -€1,248 | -44.1% |
| Other amounts payable | 47/48 | €128,733 | €111,988 | -€16,745 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €406 | +€111 | +37.5% |
| Other operating charges | 640/8 | €128 | €128 | = | 0.0% |
| Gross operating margin | 9900 | €13,864 | €10,645 | -€3,220 | -23.2% |
| Operating profit (loss) | 9901 | €13,441 | €10,111 | -€3,330 | -24.8% |
| Financial charges | 65/66B | €112 | €102 | -€10 | -9.1% |
| Recurring financial charges | 65 | €112 | €102 | -€10 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €13,329 | €10,009 | -€3,320 | -24.9% |
| Profit (loss) for the period | 9904 | €13,329 | €10,009 | -€3,320 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,329 | €10,009 | -€3,320 | -24.9% |
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 10 October 2026 via checked.be.