LINADO: 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.
LINADO
Largest movements
- Receivables within one year -€7,921
down €7,921 (-40.4%), from €19,596 to €11,675
of which Trade receivables: -€7,610
- Cash +€6,930
up €6,930 (+6,338%), from €109 to €7,039
mainly Receivables within one year (+€7,921) and Trade debts (+€3,054)
- Stocks and contracts +€3,040
new in 2025: €3,040
- Trade debts +€3,054
up €3,054 (+36.2%), from €8,440 to €11,494
- Advances received +€3,040
new in 2025: €3,040
- Tax, wage and social debts -€2,435
down €2,435 (-83.5%), from €2,915 to €480
- Profit (loss) carried forward -€1,610
down €1,610, from €1 to -€1,609
- Gross operating margin -€6,753
down €6,753 (-59.1%), from €11,419 to €4,666
- Other operating charges +€3,177
up €3,177 (+324%), from €980 to €4,157
- Taxes -€2,437
down €2,437 (-83.6%), from €2,915 to €478
- Financial charges +€1,580
up €1,580 (+2,608%), from €61 to €1,641
- Depreciation -€1,112
no longer reported in 2025 (was €1,112)
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 | €19,706 | €21,755 | +€2,049 | +10.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €19,706 | €21,755 | +€2,049 | +10.4% |
| Stocks and contracts in progress | 3 | - | €3,040 | +€3,040 | |
| Contracts in progress | 37 | - | €3,040 | +€3,040 | |
| Amounts receivable within one year | 40/41 | €19,596 | €11,675 | -€7,921 | -40.4% |
| Trade receivables | 40 | €18,677 | €11,067 | -€7,610 | -40.7% |
| Other amounts receivable | 41 | €920 | €608 | -€312 | -33.9% |
| Cash at bank and in hand | 54/58 | €109 | €7,039 | +€6,930 | +6,338% |
| Total equity and liabilities | 10/49 | €19,706 | €21,755 | +€2,049 | +10.4% |
| Equity | 10/15 | €8,351 | €6,741 | -€1,610 | -19.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,350 | €6,350 | = | 0.0% |
| Distributable reserves | 133 | €6,350 | €6,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1 | -€1,609 | -€1,610 | |
| Amounts payable | 17/49 | €11,355 | €15,014 | +€3,659 | +32.2% |
| Amounts payable within one year | 42/48 | €11,355 | €15,014 | +€3,659 | +32.2% |
| Trade debts | 44 | €8,440 | €11,494 | +€3,054 | +36.2% |
| Suppliers | 440/4 | €8,440 | €11,494 | +€3,054 | +36.2% |
| Advances received on contracts in progress | 46 | - | €3,040 | +€3,040 | |
| Taxes, remuneration and social security | 45 | €2,915 | €480 | -€2,435 | -83.5% |
| Taxes | 450/3 | €2,915 | €480 | -€2,435 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | - | -€1,112 | |
| Other operating charges | 640/8 | €980 | €4,157 | +€3,177 | +324% |
| Gross operating margin | 9900 | €11,419 | €4,666 | -€6,753 | -59.1% |
| Operating profit (loss) | 9901 | €9,326 | €509 | -€8,818 | -94.5% |
| Financial charges | 65/66B | €61 | €1,641 | +€1,580 | +2,608% |
| Recurring financial charges | 65 | €61 | €1,641 | +€1,580 | +2,608% |
| Profit (loss) for the period before taxes | 9903 | €9,266 | -€1,132 | -€10,398 | |
| Income taxes | 67/77 | €2,915 | €478 | -€2,437 | -83.6% |
| Profit (loss) for the period | 9904 | €6,351 | -€1,610 | -€7,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,351 | -€1,610 | -€7,961 |
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 27 October 2026 via checked.be.