Lina'Em: 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'Em
Largest movements
- Current investments -€175,000
down €175,000 (-100%), from €175,000 to €0
- Cash +€156,455
up €156,455 (+254%), from €61,517 to €217,972
mainly Current investments (+€175,000) and Receivables within one year (+€11,429)
- Tangible fixed assets -€17,784
down €17,784 (-44.5%), from €39,922 to €22,138
of which Furniture and vehicles: -€16,534
- Receivables within one year -€11,429
down €11,429 (-87.6%), from €13,044 to €1,615
of which Trade receivables: -€13,044
- Profit (loss) carried forward -€36,039
down €36,039 (-13.9%), from €258,966 to €222,927
- Tax, wage and social debts -€13,657
down €13,657 (-90.4%), from €15,114 to €1,458
- Gross operating margin -€122,459
down €122,459, from €95,673 to -€26,786
- Taxes -€16,734
down €16,734 (-98.5%), from €16,993 to €259
- Depreciation -€5,927
down €5,927 (-35.8%), from €16,579 to €10,652
- Financial income +€4,107
up €4,107, from €0 to €4,107
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 | €290,343 | €241,725 | -€48,618 | -16.7% |
| Fixed assets | 21/28 | €39,922 | €22,138 | -€17,784 | -44.5% |
| Tangible fixed assets | 22/27 | €39,922 | €22,138 | -€17,784 | -44.5% |
| Plant, machinery and equipment | 23 | €1,838 | €588 | -€1,250 | -68.0% |
| Furniture and vehicles | 24 | €38,084 | €21,550 | -€16,534 | -43.4% |
| Current assets | 29/58 | €250,421 | €219,587 | -€30,834 | -12.3% |
| Amounts receivable within one year | 40/41 | €13,044 | €1,615 | -€11,429 | -87.6% |
| Trade receivables | 40 | €13,044 | €0 | -€13,044 | -100% |
| Other amounts receivable | 41 | - | €1,615 | +€1,615 | |
| Current investments | 50/53 | €175,000 | €0 | -€175,000 | -100% |
| Cash at bank and in hand | 54/58 | €61,517 | €217,972 | +€156,455 | +254% |
| Deferred charges and accrued income | 490/1 | €860 | €0 | -€860 | -100% |
| Total equity and liabilities | 10/49 | €290,343 | €241,725 | -€48,618 | -16.7% |
| Equity | 10/15 | €273,226 | €237,187 | -€36,039 | -13.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,966 | €222,927 | -€36,039 | -13.9% |
| Amounts payable | 17/49 | €17,117 | €4,538 | -€12,579 | -73.5% |
| Amounts payable within one year | 42/48 | €17,117 | €4,538 | -€12,579 | -73.5% |
| Trade debts | 44 | - | €197 | +€197 | |
| Suppliers | 440/4 | - | €197 | +€197 | |
| Taxes, remuneration and social security | 45 | €15,114 | €1,458 | -€13,657 | -90.4% |
| Taxes | 450/3 | €15,114 | €1,458 | -€13,657 | -90.4% |
| Other amounts payable | 47/48 | €2,003 | €2,883 | +€881 | +44.0% |
| Non-recurring operating income | 76A | €1,400 | €17,514 | +€16,114 | +1,151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,579 | €10,652 | -€5,927 | -35.8% |
| Other operating charges | 640/8 | €874 | €641 | -€234 | -26.7% |
| Non-recurring operating charges | 66A | €0 | €1,753 | +€1,753 | |
| Gross operating margin | 9900 | €95,673 | -€26,786 | -€122,459 | |
| Operating profit (loss) | 9901 | €78,219 | -€39,832 | -€118,051 | |
| Financial income | 75/76B | €0 | €4,107 | +€4,107 | |
| Recurring financial income | 75 | €0 | €4,107 | +€4,107 | |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €78,165 | -€35,780 | -€113,945 | |
| Income taxes | 67/77 | €16,993 | €259 | -€16,734 | -98.5% |
| Profit (loss) for the period | 9904 | €61,173 | -€36,039 | -€97,211 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,173 | -€36,039 | -€97,211 |
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.