LINA: 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.
LINA
Largest movements
- Intangible fixed assets -€27,857
down €27,857 (-21.1%), from €132,188 to €104,331
- Tangible fixed assets -€8,790
down €8,790 (-3.9%), from €227,832 to €219,042
of which Land and buildings: -€8,438
- Cash +€5,829
up €5,829 (+24.9%), from €23,428 to €29,257
mainly Depreciation (+€37,922) and Net result for the year (+€23,167)
- Debts after one year -€34,415
down €34,415 (-13.1%), from €263,117 to €228,702
- Reserves +€23,167
up €23,167 (+66.6%), from €34,763 to €57,929
- Other debts -€12,862
down €12,862 (-79.8%), from €16,114 to €3,253
- Tax, wage and social debts -€9,510
down €9,510 (-50.0%), from €19,024 to €9,514
- Depreciation -€20,539
down €20,539 (-35.1%), from €58,460 to €37,922
- Gross operating margin -€6,569
down €6,569 (-7.6%), from €86,254 to €79,685
- Taxes +€3,025
up €3,025 (+85.4%), from €3,544 to €6,569
- Other operating charges -€1,849
down €1,849 (-45.1%), from €4,096 to €2,246
- Financial charges +€1,465
up €1,465 (+17.0%), from €8,624 to €10,088
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 | €388,775 | €357,696 | -€31,079 | -8.0% |
| Fixed assets | 21/28 | €360,019 | €323,373 | -€36,647 | -10.2% |
| Intangible fixed assets | 21 | €132,188 | €104,331 | -€27,857 | -21.1% |
| Tangible fixed assets | 22/27 | €227,832 | €219,042 | -€8,790 | -3.9% |
| Land and buildings | 22 | €222,856 | €214,419 | -€8,438 | -3.8% |
| Plant, machinery and equipment | 23 | €4,976 | €4,624 | -€352 | -7.1% |
| Current assets | 29/58 | €28,756 | €34,323 | +€5,567 | +19.4% |
| Stocks and contracts in progress | 3 | €4,203 | €4,214 | +€11 | +0.3% |
| Stocks | 30/36 | €4,203 | €4,214 | +€11 | +0.3% |
| Amounts receivable within one year | 40/41 | €644 | - | -€644 | |
| Trade receivables | 40 | €545 | - | -€545 | |
| Other amounts receivable | 41 | €100 | - | -€100 | |
| Cash at bank and in hand | 54/58 | €23,428 | €29,257 | +€5,829 | +24.9% |
| Deferred charges and accrued income | 490/1 | €481 | €852 | +€371 | +77.2% |
| Total equity and liabilities | 10/49 | €388,775 | €357,696 | -€31,079 | -8.0% |
| Equity | 10/15 | €39,763 | €62,929 | +€23,167 | +58.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,763 | €57,929 | +€23,167 | +66.6% |
| Distributable reserves | 133 | €34,763 | €57,929 | +€23,167 | +66.6% |
| Amounts payable | 17/49 | €349,012 | €294,766 | -€54,246 | -15.5% |
| Amounts payable after more than one year | 17 | €263,117 | €228,702 | -€34,415 | -13.1% |
| Financial debts | 170/4 | €263,117 | €228,702 | -€34,415 | -13.1% |
| Amounts payable within one year | 42/48 | €84,580 | €66,065 | -€18,516 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €33,183 | €34,415 | +€1,233 | +3.7% |
| Trade debts | 44 | €15,810 | €18,882 | +€3,072 | +19.4% |
| Suppliers | 440/4 | €15,810 | €18,882 | +€3,072 | +19.4% |
| Advances received on contracts in progress | 46 | €450 | - | -€450 | |
| Taxes, remuneration and social security | 45 | €19,024 | €9,514 | -€9,510 | -50.0% |
| Taxes | 450/3 | €19,024 | €9,514 | -€9,510 | -50.0% |
| Other amounts payable | 47/48 | €16,114 | €3,253 | -€12,862 | -79.8% |
| Accrued charges and deferred income | 492/3 | €1,315 | - | -€1,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,460 | €37,922 | -€20,539 | -35.1% |
| Other operating charges | 640/8 | €4,096 | €2,246 | -€1,849 | -45.1% |
| Gross operating margin | 9900 | €86,254 | €79,685 | -€6,569 | -7.6% |
| Operating profit (loss) | 9901 | €23,698 | €39,517 | +€15,819 | +66.8% |
| Financial income | 75/76B | €279 | €308 | +€29 | +10.3% |
| Recurring financial income | 75 | €279 | €308 | +€29 | +10.3% |
| Financial charges | 65/66B | €8,624 | €10,088 | +€1,465 | +17.0% |
| Recurring financial charges | 65 | €8,624 | €10,088 | +€1,465 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €15,353 | €29,736 | +€14,383 | +93.7% |
| Income taxes | 67/77 | €3,544 | €6,569 | +€3,025 | +85.4% |
| Profit (loss) for the period | 9904 | €11,809 | €23,167 | +€11,357 | +96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,809 | €23,167 | +€11,357 | +96.2% |
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.