LINA PROJECT: 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 PROJECT
Largest movements
- Tangible fixed assets -€7,855
down €7,855 (-17.4%), from €45,216 to €37,362
of which Furniture and vehicles: -€9,600
- Receivables within one year +€4,728
up €4,728 (+16.2%), from €29,149 to €33,877
of which Trade receivables: +€9,926
- Cash +€1,867
up €1,867 (+191%), from €976 to €2,843
mainly Depreciation (+€12,071) and Trade debts (+€10,721)
- Trade debts +€10,721
up €10,721 (+112%), from €9,539 to €20,259
- Tax, wage and social debts -€4,553
down €4,553 (-65.6%), from €6,944 to €2,390
- Profit (loss) carried forward -€4,498
down €4,498 (-18.6%), from €24,228 to €19,729
- Other debts -€2,928
down €2,928 (-14.2%), from €20,631 to €17,703
- Turnover +€74,575
new in 2025: €74,575
- Purchases and services +€67,012
new in 2025: €67,012
- Gross operating margin -€12,149
down €12,149 (-61.6%), from €19,712 to €7,563
- Depreciation +€6,584
up €6,584 (+120%), from €5,487 to €12,071
- Taxes -€3,246
down €3,246 (-92.8%), from €3,498 to €252
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 | €75,341 | €74,082 | -€1,259 | -1.7% |
| Fixed assets | 21/28 | €45,216 | €37,362 | -€7,855 | -17.4% |
| Tangible fixed assets | 22/27 | €45,216 | €37,362 | -€7,855 | -17.4% |
| Plant, machinery and equipment | 23 | €1,978 | €3,724 | +€1,745 | +88.2% |
| Furniture and vehicles | 24 | €43,238 | €33,638 | -€9,600 | -22.2% |
| Current assets | 29/58 | €30,125 | €36,720 | +€6,595 | +21.9% |
| Amounts receivable within one year | 40/41 | €29,149 | €33,877 | +€4,728 | +16.2% |
| Trade receivables | 40 | €8,210 | €18,135 | +€9,926 | +121% |
| Other amounts receivable | 41 | €20,939 | €15,742 | -€5,197 | -24.8% |
| Cash at bank and in hand | 54/58 | €976 | €2,843 | +€1,867 | +191% |
| Total equity and liabilities | 10/49 | €75,341 | €74,082 | -€1,259 | -1.7% |
| Equity | 10/15 | €38,228 | €33,729 | -€4,498 | -11.8% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,228 | €19,729 | -€4,498 | -18.6% |
| Amounts payable | 17/49 | €37,113 | €40,353 | +€3,239 | +8.7% |
| Amounts payable within one year | 42/48 | €37,113 | €40,353 | +€3,239 | +8.7% |
| Trade debts | 44 | €9,539 | €20,259 | +€10,721 | +112% |
| Suppliers | 440/4 | €9,539 | €20,259 | +€10,721 | +112% |
| Taxes, remuneration and social security | 45 | €6,944 | €2,390 | -€4,553 | -65.6% |
| Taxes | 450/3 | €6,944 | €2,390 | -€4,553 | -65.6% |
| Other amounts payable | 47/48 | €20,631 | €17,703 | -€2,928 | -14.2% |
| Turnover | 70 | - | €74,575 | +€74,575 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €67,012 | +€67,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,487 | €12,071 | +€6,584 | +120% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €19,712 | €7,563 | -€12,149 | -61.6% |
| Operating profit (loss) | 9901 | €14,224 | -€4,558 | -€18,783 | |
| Financial income | 75/76B | €2 | €55 | +€53 | +3,338% |
| Recurring financial income | 75 | €2 | €55 | +€53 | +3,338% |
| Financial charges | 65/66B | €233 | €443 | +€209 | +89.9% |
| Recurring financial charges | 65 | €233 | €443 | +€209 | +89.9% |
| Profit (loss) for the period before taxes | 9903 | €13,993 | -€4,946 | -€18,939 | |
| Income taxes | 67/77 | €3,498 | €252 | -€3,246 | -92.8% |
| Profit (loss) for the period | 9904 | €10,495 | -€5,198 | -€15,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,495 | -€5,198 | -€15,693 |
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 23 October 2026 via checked.be.