LINA - STAR: what changed
Two fiscal 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 - STAR
Largest movements
- Receivables within one year -€22,986
down €22,986 (-71.8%), from €32,022 to €9,036
of which Other amounts receivable: -€11,593
- Tangible fixed assets +€17,619
up €17,619 (+3.7%), from €480,342 to €497,961
of which Furniture and vehicles: +€47,889
- Cash +€16,008
up €16,008 (+16.9%), from €94,503 to €110,512
mainly Net result for the year (+€77,945) and Depreciation (+€49,614)
- Deferred charges and accrued income +€14,974
up €14,974 (+907.7%), from €1,650 to €16,623
- Reserves +€77,945
up €77,945 (+10.9%), from €717,460 to €795,405
of which Distributable reserves: +€84,145
- Debts after one year -€33,735
down €33,735 (-19.7%), from €171,140 to €137,405
- Tax, wage and social debts -€16,560
down €16,560 (-66.9%), from €24,764 to €8,204
of which Taxes: -€14,535
- Financial income +€14,227
up €14,227 (+12707.3%), from €112 to €14,339
of which Non-recurring financial income: +€13,145
- Gross operating margin +€13,886
up €13,886 (+6.6%), from €211,200 to €225,087
- Depreciation -€9,348
down €9,348 (-15.9%), from €58,962 to €49,614
- Financial charges -€2,967
down €2,967 (-33.4%), from €8,874 to €5,908
- Staff costs -€2,293
down €2,293 (-3.1%), from €73,025 to €70,732
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 | €1,063,441 | €1,080,451 | +€17,010 | +1.6% |
| Fixed assets | 21/28 | €480,765 | €498,384 | +€17,619 | +3.7% |
| Tangible fixed assets | 22/27 | €480,342 | €497,961 | +€17,619 | +3.7% |
| Land and buildings | 22 | €464,501 | €431,201 | -€33,301 | -7.2% |
| Plant, machinery and equipment | 23 | €6,049 | €9,080 | +€3,030 | +50.1% |
| Furniture and vehicles | 24 | €9,792 | €57,681 | +€47,889 | +489.1% |
| Financial fixed assets | 28 | €423 | €423 | = | 0.0% |
| Current assets | 29/58 | €582,676 | €582,067 | -€609 | -0.1% |
| Amounts receivable after more than one year | 29 | €450,480 | €441,380 | -€9,100 | -2.0% |
| Other amounts receivable | 291 | €450,480 | €441,380 | -€9,100 | -2.0% |
| Stocks and contracts in progress | 3 | €4,021 | €4,516 | +€496 | +12.3% |
| Stocks | 30/36 | €4,021 | €4,516 | +€496 | +12.3% |
| Amounts receivable within one year | 40/41 | €32,022 | €9,036 | -€22,986 | -71.8% |
| Trade receivables | 40 | €12,832 | €1,438 | -€11,394 | -88.8% |
| Other amounts receivable | 41 | €19,191 | €7,598 | -€11,593 | -60.4% |
| Cash at bank and in hand | 54/58 | €94,503 | €110,512 | +€16,008 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,650 | €16,623 | +€14,974 | +907.7% |
| Total equity and liabilities | 10/49 | €1,063,441 | €1,080,451 | +€17,010 | +1.6% |
| Equity | 10/15 | €779,460 | €857,405 | +€77,945 | +10.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Reserves | 13 | €717,460 | €795,405 | +€77,945 | +10.9% |
| Non-distributable reserves | 130/1 | €6,200 | €0 | -€6,200 | -100.0% |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €9,943 | €9,943 | = | 0.0% |
| Distributable reserves | 133 | €701,316 | €785,462 | +€84,145 | +12.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €283,982 | €223,046 | -€60,936 | -21.5% |
| Amounts payable after more than one year | 17 | €171,140 | €137,405 | -€33,735 | -19.7% |
| Financial debts | 170/4 | €171,140 | €137,405 | -€33,735 | -19.7% |
| Amounts payable within one year | 42/48 | €109,440 | €81,394 | -€28,045 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €36,315 | €33,735 | -€2,581 | -7.1% |
| Trade debts | 44 | €26,046 | €17,497 | -€8,548 | -32.8% |
| Suppliers | 440/4 | €26,046 | €17,497 | -€8,548 | -32.8% |
| Taxes, remuneration and social security | 45 | €24,764 | €8,204 | -€16,560 | -66.9% |
| Taxes | 450/3 | €17,929 | €3,394 | -€14,535 | -81.1% |
| Remuneration and social security | 454/9 | €6,835 | €4,811 | -€2,025 | -29.6% |
| Other amounts payable | 47/48 | €22,314 | €21,958 | -€357 | -1.6% |
| Accrued charges and deferred income | 492/3 | €3,402 | €4,247 | +€845 | +24.8% |
| Remuneration, social security and pensions | 62 | €73,025 | €70,732 | -€2,293 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,962 | €49,614 | -€9,348 | -15.9% |
| Other operating charges | 640/8 | €8,183 | €6,986 | -€1,197 | -14.6% |
| Gross operating margin | 9900 | €211,200 | €225,087 | +€13,886 | +6.6% |
| Operating profit (loss) | 9901 | €71,030 | €97,754 | +€26,724 | +37.6% |
| Financial income | 75/76B | €112 | €14,339 | +€14,227 | +12707.3% |
| Recurring financial income | 75 | €112 | €1,194 | +€1,082 | +966.4% |
| Non-recurring financial income | 76B | - | €13,145 | +€13,145 | |
| Financial charges | 65/66B | €8,874 | €5,908 | -€2,967 | -33.4% |
| Recurring financial charges | 65 | €8,874 | €5,908 | -€2,967 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €62,268 | €106,186 | +€43,918 | +70.5% |
| Income taxes | 67/77 | €29,747 | €28,241 | -€1,506 | -5.1% |
| Profit (loss) for the period | 9904 | €32,521 | €77,945 | +€45,424 | +139.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,521 | €77,945 | +€45,424 | +139.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.