LIN INVEST: 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.
LIN INVEST
Largest movements
- Tangible fixed assets -€35,916
down €35,916 (-3.9%), from €914,824 to €878,908
of which Land and buildings: -€33,978
- Receivables within one year +€15,985
up €15,985 (+587%), from €2,723 to €18,707
- Debts after one year -€37,694
down €37,694 (-4.1%), from €916,429 to €878,735
- Profit (loss) carried forward +€9,686
up €9,686 (+2,235%), from €433 to €10,119
- Gross operating margin -€40,324
down €40,324 (-30.6%), from €131,802 to €91,478
- Depreciation -€24,350
down €24,350 (-40.3%), from €60,419 to €36,069
- Financial charges -€19,311
down €19,311 (-44.5%), from €43,396 to €24,085
- Other operating charges -€8,139
down €8,139 (-29.5%), from €27,554 to €19,415
- Taxes +€2,223
new in 2025: €2,223
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 | €961,681 | €935,478 | -€26,204 | -2.7% |
| Formation expenses | 20 | €505 | €352 | -€154 | -30.4% |
| Fixed assets | 21/28 | €914,824 | €878,908 | -€35,916 | -3.9% |
| Tangible fixed assets | 22/27 | €914,824 | €878,908 | -€35,916 | -3.9% |
| Land and buildings | 22 | €902,192 | €868,214 | -€33,978 | -3.8% |
| Plant, machinery and equipment | 23 | €12,632 | €10,694 | -€1,938 | -15.3% |
| Current assets | 29/58 | €46,352 | €56,218 | +€9,866 | +21.3% |
| Amounts receivable within one year | 40/41 | €2,723 | €18,707 | +€15,985 | +587% |
| Trade receivables | 40 | €2,723 | €18,707 | +€15,985 | +587% |
| Cash at bank and in hand | 54/58 | €43,322 | €37,189 | -€6,133 | -14.2% |
| Deferred charges and accrued income | 490/1 | €308 | €322 | +€14 | +4.6% |
| Total equity and liabilities | 10/49 | €961,681 | €935,478 | -€26,204 | -2.7% |
| Equity | 10/15 | €433 | €10,119 | +€9,686 | +2,235% |
| Profit (loss) carried forward | 14 | €433 | €10,119 | +€9,686 | +2,235% |
| Amounts payable | 17/49 | €961,248 | €925,359 | -€35,889 | -3.7% |
| Amounts payable after more than one year | 17 | €916,429 | €878,735 | -€37,694 | -4.1% |
| Financial debts | 170/4 | €916,429 | €878,735 | -€37,694 | -4.1% |
| Amounts payable within one year | 42/48 | €44,819 | €46,623 | +€1,805 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €36,242 | €37,694 | +€1,452 | +4.0% |
| Trade debts | 44 | €983 | €2,540 | +€1,557 | +158% |
| Suppliers | 440/4 | €983 | €2,540 | +€1,557 | +158% |
| Taxes, remuneration and social security | 45 | €7,594 | €6,390 | -€1,204 | -15.9% |
| Taxes | 450/3 | €7,594 | €6,390 | -€1,204 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,419 | €36,069 | -€24,350 | -40.3% |
| Other operating charges | 640/8 | €27,554 | €19,415 | -€8,139 | -29.5% |
| Gross operating margin | 9900 | €131,802 | €91,478 | -€40,324 | -30.6% |
| Operating profit (loss) | 9901 | €43,829 | €35,993 | -€7,836 | -17.9% |
| Financial charges | 65/66B | €43,396 | €24,085 | -€19,311 | -44.5% |
| Recurring financial charges | 65 | €43,396 | €24,085 | -€19,311 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €433 | €11,908 | +€11,475 | +2,648% |
| Income taxes | 67/77 | - | €2,223 | +€2,223 | |
| Profit (loss) for the period | 9904 | €433 | €9,686 | +€9,252 | +2,135% |
| Profit (loss) for the period to be appropriated | 9905 | €433 | €9,686 | +€9,252 | +2,135% |
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 1 November 2026 via checked.be.