LIN IMMO: what changed
Two fiscal 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.
LIN IMMO
Largest movements
- Stocks and contracts -€239,831
down €239,831 (-63.1%), from €380,114 to €140,283
- Cash -€135,428
down €135,428 (-28.7%), from €472,695 to €337,267
mainly Net result for the year (-€363,452) and Trade debts (-€87,399)
- Receivables within one year -€115,572
down €115,572 (-61.8%), from €186,869 to €71,297
of which Trade receivables: -€94,613
- Tangible fixed assets -€40,035
down €40,035 (-3.2%), from €1.2m to €1.2m
of which Land and buildings: -€38,216
- Profit (loss) carried forward -€363,452
down €363,452 (-81.4%), from €446,370 to €82,918
- Trade debts -€87,399
down €87,399 (-70.4%), from €124,212 to €36,813
- Debts after one year -€70,076
down €70,076 (-12.7%), from €550,270 to €480,194
- Gross operating margin -€1.4m
down €1.4m, from €1.3m to -€40,034
- Taxes -€239,900
down €239,900 (-100.0%), from €239,900 to €0
- Staff costs +€31,251
up €31,251 (+15.8%), from €197,543 to €228,794
- Financial charges -€22,029
down €22,029 (-61.0%), from €36,090 to €14,061
- Other operating charges +€13,515
up €13,515 (+176.9%), from €7,639 to €21,155
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 | €2,287,753 | €1,752,026 | -€535,726 | -23.4% |
| Fixed assets | 21/28 | €1,243,718 | €1,202,987 | -€40,731 | -3.3% |
| Intangible fixed assets | 21 | €1,530 | €834 | -€696 | -45.5% |
| Tangible fixed assets | 22/27 | €1,242,188 | €1,202,153 | -€40,035 | -3.2% |
| Land and buildings | 22 | €1,235,735 | €1,197,520 | -€38,216 | -3.1% |
| Plant, machinery and equipment | 23 | €5,751 | €4,633 | -€1,118 | -19.4% |
| Furniture and vehicles | 24 | €702 | €0 | -€702 | -100.0% |
| Current assets | 29/58 | €1,044,035 | €549,039 | -€494,995 | -47.4% |
| Stocks and contracts in progress | 3 | €380,114 | €140,283 | -€239,831 | -63.1% |
| Stocks | 30/36 | €380,114 | €140,283 | -€239,831 | -63.1% |
| Amounts receivable within one year | 40/41 | €186,869 | €71,297 | -€115,572 | -61.8% |
| Trade receivables | 40 | €122,846 | €28,233 | -€94,613 | -77.0% |
| Other amounts receivable | 41 | €64,023 | €43,064 | -€20,959 | -32.7% |
| Cash at bank and in hand | 54/58 | €472,695 | €337,267 | -€135,428 | -28.7% |
| Deferred charges and accrued income | 490/1 | €4,357 | €193 | -€4,164 | -95.6% |
| Total equity and liabilities | 10/49 | €2,287,753 | €1,752,026 | -€535,726 | -23.4% |
| Equity | 10/15 | €1,506,519 | €1,143,067 | -€363,452 | -24.1% |
| Contributions | 10/11 | €619,500 | €619,500 | = | 0.0% |
| Reserves | 13 | €440,650 | €440,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,195 | €6,195 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,195 | €6,195 | = | 0.0% |
| Tax-exempt reserves | 132 | €378,900 | €378,900 | = | 0.0% |
| Distributable reserves | 133 | €55,555 | €55,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | €446,370 | €82,918 | -€363,452 | -81.4% |
| Amounts payable | 17/49 | €781,233 | €608,959 | -€172,275 | -22.1% |
| Amounts payable after more than one year | 17 | €550,270 | €480,194 | -€70,076 | -12.7% |
| Financial debts | 170/4 | €550,270 | €480,194 | -€70,076 | -12.7% |
| Amounts payable within one year | 42/48 | €230,964 | €128,765 | -€102,199 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €76,416 | €73,950 | -€2,466 | -3.2% |
| Trade debts | 44 | €124,212 | €36,813 | -€87,399 | -70.4% |
| Suppliers | 440/4 | €124,212 | €36,813 | -€87,399 | -70.4% |
| Taxes, remuneration and social security | 45 | €29,800 | €17,467 | -€12,334 | -41.4% |
| Taxes | 450/3 | €15,544 | €5,668 | -€9,877 | -63.5% |
| Remuneration and social security | 454/9 | €14,256 | €11,799 | -€2,457 | -17.2% |
| Other amounts payable | 47/48 | €535 | €535 | = | 0.0% |
| Non-recurring operating income | 76A | €3,122 | €951 | -€2,171 | -69.5% |
| Remuneration, social security and pensions | 62 | €197,543 | €228,794 | +€31,251 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,356 | €58,853 | -€1,503 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,069 | +€1,069 | |
| Other operating charges | 640/8 | €7,639 | €21,155 | +€13,515 | +176.9% |
| Non-recurring operating charges | 66A | €5,533 | €0 | -€5,533 | -100.0% |
| Gross operating margin | 9900 | €1,342,459 | -€40,034 | -€1.4m | |
| Operating profit (loss) | 9901 | €1,071,387 | -€349,904 | -€1.4m | |
| Financial income | 75/76B | €1,745 | €513 | -€1,232 | -70.6% |
| Recurring financial income | 75 | €1,745 | €513 | -€1,232 | -70.6% |
| Financial charges | 65/66B | €36,090 | €14,061 | -€22,029 | -61.0% |
| Recurring financial charges | 65 | €36,090 | €14,061 | -€22,029 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €1,037,042 | -€363,452 | -€1.4m | |
| Income taxes | 67/77 | €239,900 | €0 | -€239,900 | -100.0% |
| Profit (loss) for the period | 9904 | €797,142 | -€363,452 | -€1.2m | |
| Transfer to tax-exempt reserves | 689 | €378,900 | €0 | -€378,900 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €418,242 | -€363,452 | -€781,694 |
Source: filed annual accounts (NBB), fiscal 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.