Linal: 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.
Linal
Largest movements
- Cash -€41,378
down €41,378 (-16.5%), from €250,831 to €209,453
mainly Contributions, distributions and other (-€230,000) and Investment in fixed assets (net) (-€93,052)
- Tangible fixed assets +€37,619
up €37,619 (+21.5%), from €174,721 to €212,340
of which Furniture and vehicles: +€55,833
- Receivables within one year +€19,609
up €19,609 (+27.7%), from €70,732 to €90,340
- Current portion of long-term debt +€15,903
up €15,903 (+58.7%), from €27,077 to €42,980
- Trade debts -€7,254
down €7,254 (-82.2%), from €8,827 to €1,573
- Reserves +€6,180
up €6,180 (+5.1%), from €121,331 to €127,510
of which Distributable reserves: +€6,180
- Depreciation +€12,057
up €12,057 (+27.8%), from €43,376 to €55,433
- Gross operating margin +€8,194
up €8,194 (+1.4%), from €605,614 to €613,808
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 | €512,354 | €528,293 | +€15,939 | +3.1% |
| Fixed assets | 21/28 | €174,721 | €212,340 | +€37,619 | +21.5% |
| Tangible fixed assets | 22/27 | €174,721 | €212,340 | +€37,619 | +21.5% |
| Land and buildings | 22 | €52,142 | €46,513 | -€5,629 | -10.8% |
| Plant, machinery and equipment | 23 | €48,382 | €35,797 | -€12,585 | -26.0% |
| Furniture and vehicles | 24 | €74,197 | €130,031 | +€55,833 | +75.2% |
| Current assets | 29/58 | €337,633 | €315,953 | -€21,681 | -6.4% |
| Stocks and contracts in progress | 3 | €10,360 | €9,960 | -€400 | -3.9% |
| Stocks | 30/36 | €10,360 | €9,960 | -€400 | -3.9% |
| Amounts receivable within one year | 40/41 | €70,732 | €90,340 | +€19,609 | +27.7% |
| Trade receivables | 40 | €70,732 | €90,340 | +€19,609 | +27.7% |
| Cash at bank and in hand | 54/58 | €250,831 | €209,453 | -€41,378 | -16.5% |
| Deferred charges and accrued income | 490/1 | €5,711 | €6,200 | +€489 | +8.6% |
| Total equity and liabilities | 10/49 | €512,354 | €528,293 | +€15,939 | +3.1% |
| Equity | 10/15 | €139,931 | €146,110 | +€6,180 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €121,331 | €127,510 | +€6,180 | +5.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €119,471 | €125,650 | +€6,180 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €372,424 | €382,182 | +€9,759 | +2.6% |
| Amounts payable after more than one year | 17 | €65,237 | €64,756 | -€480 | -0.7% |
| Financial debts | 170/4 | €65,237 | €64,756 | -€480 | -0.7% |
| Amounts payable within one year | 42/48 | €307,187 | €317,426 | +€10,239 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €27,077 | €42,980 | +€15,903 | +58.7% |
| Trade debts | 44 | €8,827 | €1,573 | -€7,254 | -82.2% |
| Suppliers | 440/4 | €8,827 | €1,573 | -€7,254 | -82.2% |
| Taxes, remuneration and social security | 45 | €109,511 | €111,148 | +€1,637 | +1.5% |
| Taxes | 450/3 | €79,504 | €80,262 | +€758 | +1.0% |
| Remuneration and social security | 454/9 | €30,007 | €30,886 | +€880 | +2.9% |
| Other amounts payable | 47/48 | €161,772 | €161,725 | -€47 | 0.0% |
| Non-recurring operating income | 76A | €0 | €10,112 | +€10,112 | |
| Remuneration, social security and pensions | 62 | €224,175 | €226,945 | +€2,770 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,376 | €55,433 | +€12,057 | +27.8% |
| Other operating charges | 640/8 | €9,858 | €10,286 | +€428 | +4.3% |
| Gross operating margin | 9900 | €605,614 | €613,808 | +€8,194 | +1.4% |
| Operating profit (loss) | 9901 | €328,205 | €321,145 | -€7,061 | -2.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €3,025 | €3,307 | +€283 | +9.3% |
| Recurring financial charges | 65 | €3,025 | €3,307 | +€283 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €325,181 | €317,837 | -€7,344 | -2.3% |
| Income taxes | 67/77 | €83,759 | €81,657 | -€2,101 | -2.5% |
| Profit (loss) for the period | 9904 | €241,423 | €236,180 | -€5,243 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €241,423 | €236,180 | -€5,243 | -2.2% |
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.