Lina-Ak: 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-Ak
Largest movements
- Stocks and contracts -€104,408
down €104,408 (-83.5%), from €124,992 to €20,584
- Cash +€6,361
up €6,361 (+15.7%), from €40,475 to €46,836
mainly Stocks and contracts (+€104,408) and Net result for the year (+€9,006)
- Tangible fixed assets -€6,000
down €6,000 (-70.7%), from €8,492 to €2,492
- Receivables within one year -€5,220
down €5,220 (-11.2%), from €46,561 to €41,341
of which Trade receivables: -€5,513
- Trade debts -€116,180
down €116,180 (-71.6%), from €162,372 to €46,193
- Profit (loss) carried forward +€9,006
up €9,006 (+25.6%), from €35,123 to €44,129
- Write-downs +€31,668
new in 2025: €31,668
- Taxes -€5,632
down €5,632 (-62.8%), from €8,967 to €3,335
- Gross operating margin +€4,519
up €4,519 (+9.2%), from €49,252 to €53,770
- Depreciation +€2,492
up €2,492 (+71.0%), from €3,508 to €6,000
- Financial charges +€1,301
up €1,301 (+158%), from €823 to €2,124
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 | €222,128 | €113,894 | -€108,233 | -48.7% |
| Fixed assets | 21/28 | €8,492 | €2,492 | -€6,000 | -70.7% |
| Tangible fixed assets | 22/27 | €8,492 | €2,492 | -€6,000 | -70.7% |
| Furniture and vehicles | 24 | €8,492 | €2,492 | -€6,000 | -70.7% |
| Current assets | 29/58 | €213,636 | €111,403 | -€102,233 | -47.9% |
| Stocks and contracts in progress | 3 | €124,992 | €20,584 | -€104,408 | -83.5% |
| Stocks | 30/36 | €124,992 | €20,584 | -€104,408 | -83.5% |
| Amounts receivable within one year | 40/41 | €46,561 | €41,341 | -€5,220 | -11.2% |
| Trade receivables | 40 | €41,596 | €36,083 | -€5,513 | -13.3% |
| Other amounts receivable | 41 | €4,966 | €5,258 | +€293 | +5.9% |
| Cash at bank and in hand | 54/58 | €40,475 | €46,836 | +€6,361 | +15.7% |
| Deferred charges and accrued income | 490/1 | €1,608 | €2,643 | +€1,035 | +64.4% |
| Total equity and liabilities | 10/49 | €222,128 | €113,894 | -€108,233 | -48.7% |
| Equity | 10/15 | €40,123 | €49,129 | +€9,006 | +22.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,123 | €44,129 | +€9,006 | +25.6% |
| Amounts payable | 17/49 | €182,005 | €64,766 | -€117,239 | -64.4% |
| Amounts payable within one year | 42/48 | €182,005 | €64,766 | -€117,239 | -64.4% |
| Trade debts | 44 | €162,372 | €46,193 | -€116,180 | -71.6% |
| Suppliers | 440/4 | €162,372 | €46,193 | -€116,180 | -71.6% |
| Taxes, remuneration and social security | 45 | €19,125 | €18,573 | -€552 | -2.9% |
| Taxes | 450/3 | €19,125 | €18,573 | -€552 | -2.9% |
| Other amounts payable | 47/48 | €507 | - | -€507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,508 | €6,000 | +€2,492 | +71.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,668 | +€31,668 | |
| Other operating charges | 640/8 | €831 | €1,684 | +€854 | +103% |
| Gross operating margin | 9900 | €49,252 | €53,770 | +€4,519 | +9.2% |
| Operating profit (loss) | 9901 | €44,912 | €14,418 | -€30,495 | -67.9% |
| Financial income | 75/76B | €1 | €47 | +€47 | +7,189% |
| Recurring financial income | 75 | €1 | €47 | +€47 | +7,189% |
| Financial charges | 65/66B | €823 | €2,124 | +€1,301 | +158% |
| Recurring financial charges | 65 | €823 | €2,124 | +€1,301 | +158% |
| Profit (loss) for the period before taxes | 9903 | €44,090 | €12,340 | -€31,749 | -72.0% |
| Income taxes | 67/77 | €8,967 | €3,335 | -€5,632 | -62.8% |
| Profit (loss) for the period | 9904 | €35,123 | €9,006 | -€26,117 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,123 | €9,006 | -€26,117 | -74.4% |
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 25 October 2026 via checked.be.