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
- Tangible fixed assets +€131,718
up €131,718 (+23.9%), from €551,353 to €683,072
of which Land and buildings: +€132,610
- Receivables within one year -€15,122
down €15,122 (-86.2%), from €17,540 to €2,418
of which Trade receivables: -€12,000
- Cash -€9,829
down €9,829 (-41.6%), from €23,641 to €13,812
mainly Investment in fixed assets (net) (-€165,000) and Contributions, distributions and other (-€11,126)
- Debts after one year +€97,311
up €97,311 (+29.5%), from €329,891 to €427,202
- Reserves +€12,921
up €12,921 (+7.6%), from €169,949 to €182,870
- Tax, wage and social debts -€7,603
down €7,603 (-67.4%), from €11,286 to €3,683
of which Taxes: -€4,178
- Current portion of long-term debt +€7,328
up €7,328 (+15.1%), from €48,623 to €55,951
- Gross operating margin -€7,755
down €7,755 (-8.8%), from €88,543 to €80,788
- Taxes -€3,424
down €3,424 (-26.5%), from €12,917 to €9,493
- Depreciation +€3,115
up €3,115 (+10.3%), from €30,167 to €33,282
- Financial charges +€1,702
up €1,702 (+17.7%), from €9,636 to €11,338
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 | €592,679 | €699,454 | +€106,775 | +18.0% |
| Fixed assets | 21/28 | €551,353 | €683,072 | +€131,718 | +23.9% |
| Tangible fixed assets | 22/27 | €551,353 | €683,072 | +€131,718 | +23.9% |
| Land and buildings | 22 | €547,093 | €679,703 | +€132,610 | +24.2% |
| Plant, machinery and equipment | 23 | €2,269 | €2,042 | -€227 | -10.0% |
| Furniture and vehicles | 24 | €1,992 | €1,327 | -€665 | -33.4% |
| Current assets | 29/58 | €41,325 | €16,382 | -€24,943 | -60.4% |
| Amounts receivable within one year | 40/41 | €17,540 | €2,418 | -€15,122 | -86.2% |
| Trade receivables | 40 | €12,500 | €500 | -€12,000 | -96.0% |
| Other amounts receivable | 41 | €5,040 | €1,918 | -€3,122 | -61.9% |
| Cash at bank and in hand | 54/58 | €23,641 | €13,812 | -€9,829 | -41.6% |
| Deferred charges and accrued income | 490/1 | €144 | €152 | +€7 | +5.0% |
| Total equity and liabilities | 10/49 | €592,679 | €699,454 | +€106,775 | +18.0% |
| Equity | 10/15 | €194,949 | €207,870 | +€12,921 | +6.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €169,949 | €182,870 | +€12,921 | +7.6% |
| Distributable reserves | 133 | €169,949 | €182,870 | +€12,921 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €397,730 | €491,584 | +€93,854 | +23.6% |
| Amounts payable after more than one year | 17 | €329,891 | €427,202 | +€97,311 | +29.5% |
| Financial debts | 170/4 | €329,891 | €427,202 | +€97,311 | +29.5% |
| Amounts payable within one year | 42/48 | €67,839 | €64,271 | -€3,568 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €48,623 | €55,951 | +€7,328 | +15.1% |
| Financial debts | 43 | €3,804 | €3,785 | -€19 | -0.5% |
| Credit institutions | 430/8 | €3,804 | €3,785 | -€19 | -0.5% |
| Trade debts | 44 | €4,126 | €144 | -€3,982 | -96.5% |
| Suppliers | 440/4 | €4,126 | €144 | -€3,982 | -96.5% |
| Taxes, remuneration and social security | 45 | €11,286 | €3,683 | -€7,603 | -67.4% |
| Taxes | 450/3 | €7,861 | €3,683 | -€4,178 | -53.1% |
| Remuneration and social security | 454/9 | €3,425 | €0 | -€3,425 | -100% |
| Other amounts payable | 47/48 | €0 | €709 | +€709 | |
| Accrued charges and deferred income | 492/3 | - | €110 | +€110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,167 | €33,282 | +€3,115 | +10.3% |
| Other operating charges | 640/8 | €2,685 | €2,778 | +€93 | +3.5% |
| Gross operating margin | 9900 | €88,543 | €80,788 | -€7,755 | -8.8% |
| Operating profit (loss) | 9901 | €55,692 | €44,728 | -€10,963 | -19.7% |
| Financial income | 75/76B | €59 | €150 | +€91 | +155% |
| Recurring financial income | 75 | €59 | €150 | +€91 | +155% |
| Financial charges | 65/66B | €9,636 | €11,338 | +€1,702 | +17.7% |
| Recurring financial charges | 65 | €9,636 | €11,338 | +€1,702 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €46,114 | €33,540 | -€12,574 | -27.3% |
| Income taxes | 67/77 | €12,917 | €9,493 | -€3,424 | -26.5% |
| Profit (loss) for the period | 9904 | €33,197 | €24,046 | -€9,150 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,197 | €24,046 | -€9,150 | -27.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.