LIN'S: 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'S
Largest movements
- Receivables within one year +€557,142
up €557,142 (+21.7%), from €2.6m to €3.1m
of which Other amounts receivable: +€542,259
- Cash -€192,408
down €192,408 (-23.1%), from €834,017 to €641,609
mainly Receivables within one year (-€557,142) and Deferred charges and accrued income (-€68,689)
- Deferred charges and accrued income +€68,689
up €68,689 (+180.9%), from €37,974 to €106,663
- Tangible fixed assets -€54,817
down €54,817 (-15.9%), from €344,137 to €289,320
of which Land and buildings: -€38,580
- Reserves +€260,877
up €260,877 (+7.9%), from €3.3m to €3.6m
of which Distributable reserves: +€260,877
- Tax, wage and social debts +€168,653
up €168,653 (+161.9%), from €104,202 to €272,855
of which Taxes: +€159,894
- Gross operating margin -€226,239
down €226,239 (-16.9%), from €1.3m to €1.1m
- Staff costs +€74,651
up €74,651 (+13.0%), from €572,348 to €647,000
- Taxes -€73,626
down €73,626 (-42.4%), from €173,509 to €99,883
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 | €3,785,652 | €4,173,487 | +€387,835 | +10.2% |
| Fixed assets | 21/28 | €344,911 | €289,695 | -€55,217 | -16.0% |
| Intangible fixed assets | 21 | €775 | €375 | -€400 | -51.6% |
| Tangible fixed assets | 22/27 | €344,137 | €289,320 | -€54,817 | -15.9% |
| Land and buildings | 22 | €261,049 | €222,469 | -€38,580 | -14.8% |
| Plant, machinery and equipment | 23 | €51,698 | €42,644 | -€9,054 | -17.5% |
| Furniture and vehicles | 24 | €20,841 | €14,355 | -€6,486 | -31.1% |
| Other tangible fixed assets | 26 | €10,549 | €9,852 | -€697 | -6.6% |
| Current assets | 29/58 | €3,440,741 | €3,883,792 | +€443,051 | +12.9% |
| Stocks and contracts in progress | 3 | €850 | €10,479 | +€9,629 | +1132.9% |
| Stocks | 30/36 | €850 | €10,479 | +€9,629 | +1132.9% |
| Amounts receivable within one year | 40/41 | €2,567,900 | €3,125,041 | +€557,142 | +21.7% |
| Trade receivables | 40 | €17,036 | €31,919 | +€14,883 | +87.4% |
| Other amounts receivable | 41 | €2,550,863 | €3,093,122 | +€542,259 | +21.3% |
| Cash at bank and in hand | 54/58 | €834,017 | €641,609 | -€192,408 | -23.1% |
| Deferred charges and accrued income | 490/1 | €37,974 | €106,663 | +€68,689 | +180.9% |
| Total equity and liabilities | 10/49 | €3,785,652 | €4,173,487 | +€387,835 | +10.2% |
| Equity | 10/15 | €3,540,834 | €3,801,711 | +€260,877 | +7.4% |
| Contributions | 10/11 | €237,600 | €237,600 | = | 0.0% |
| Reserves | 13 | €3,303,234 | €3,564,111 | +€260,877 | +7.9% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €3,278,234 | €3,539,111 | +€260,877 | +8.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €244,818 | €371,776 | +€126,958 | +51.9% |
| Amounts payable within one year | 42/48 | €244,818 | €371,776 | +€126,958 | +51.9% |
| Trade debts | 44 | €140,616 | €98,921 | -€41,695 | -29.7% |
| Suppliers | 440/4 | €140,616 | €98,921 | -€41,695 | -29.7% |
| Taxes, remuneration and social security | 45 | €104,202 | €272,855 | +€168,653 | +161.9% |
| Taxes | 450/3 | €37,743 | €197,637 | +€159,894 | +423.6% |
| Remuneration and social security | 454/9 | €66,459 | €75,218 | +€8,759 | +13.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,653 | €0 | -€1,653 | -100.0% |
| Remuneration, social security and pensions | 62 | €572,348 | €647,000 | +€74,651 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,227 | €58,447 | +€5,219 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €22,897 | €27,734 | +€4,837 | +21.1% |
| Non-recurring operating charges | 66A | - | €15,100 | +€15,100 | |
| Gross operating margin | 9900 | €1,339,669 | €1,113,430 | -€226,239 | -16.9% |
| Operating profit (loss) | 9901 | €691,196 | €365,149 | -€326,047 | -47.2% |
| Financial income | 75/76B | €2,586 | €11,174 | +€8,587 | +332.0% |
| Recurring financial income | 75 | €2,586 | €11,174 | +€8,587 | +332.0% |
| Financial charges | 65/66B | €9,059 | €15,563 | +€6,504 | +71.8% |
| Recurring financial charges | 65 | €9,059 | €15,563 | +€6,504 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | €684,723 | €360,760 | -€323,963 | -47.3% |
| Income taxes | 67/77 | €173,509 | €99,883 | -€73,626 | -42.4% |
| Profit (loss) for the period | 9904 | €511,214 | €260,877 | -€250,337 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €511,214 | €260,877 | -€250,337 | -49.0% |
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 29 September 2026 via checked.be.