LINALUX GESTION: 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.
What changed
LINALUX GESTION
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€99,092
2024 · -€318,778+€219,687
Equity
€11.1m
2024 · €11.2m-€99,092
Cash
€904
2024 · €98,419-€97,514
Balance sheet total
€24.2m
2024 · €25.5m-€1.3m
Largest movements
Assets
- Current investments -€1.4m
down €1.4m (-11.4%), from €12.0m to €10.6m
Equity and liabilities
- Debts after one year -€1.2m
down €1.2m (-11.0%), from €11.3m to €10.1m
of which Financial debts: -€948,070
- Reserves -€315,209
down €315,209 (-6.4%), from €4.9m to €4.6m
of which Tax-exempt reserves: -€315,209
Income statement
- Financial charges -€220,995
down €220,995 (-44.7%), from €494,405 to €273,410
- Other operating charges +€63,331
up €63,331 (+94.6%), from €66,952 to €130,283
- Financial income +€46,175
up €46,175 (+9.1%), from €508,058 to €554,233
- Turnover -€45,668
down €45,668 (-6.4%), from €710,802 to €665,134
- Staff costs -€44,454
down €44,454 (-22.3%), from €199,072 to €154,618
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.
Result 2024
-€318,778
Gross operating margin
-€24,749
Staff costs
+€44,454
Depreciation
-€31,026
Other operating charges
-€63,331
Other operating items
-€5,052
Financial income
+€46,175
Financial charges
+€220,995
Taxes
+€34,728
Deferred taxes and other
-€2,508
Result 2025
-€99,092
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€353,552
Investment
+€606,719
Financing
-€1.1m
Cash 2024
€98,419
From operations (derived)
+€353,552
Net result for the year
-€99,092
Depreciation
+€754,222
Receivables within one year
-€190,964
Smaller working-capital items
+€3,038
Provisions
-€105,070
Trade debts
-€93,340
Tax, wage and social debts
-€56,309
Other debts
+€54,519
Accrued charges and deferred income
+€86,549
Investment (derived)
+€606,719
Investment in fixed assets (net)
-€762,305
Current investments
+€1.4m
Financing
-€1.1m
Debts after one year
-€1.2m
Current portion of long-term debt
-€51,716
Short-term financial debts
+€240,000
Cash 2025
€904
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,514,053 | €24,244,774 | -€1.3m | -5.0% |
| Fixed assets | 21/28 | €12,819,144 | €12,827,227 | +€8,083 | +0.1% |
| Intangible fixed assets | 21 | €3,396 | €927 | -€2,469 | -72.7% |
| Tangible fixed assets | 22/27 | €12,519,580 | €12,530,132 | +€10,552 | +0.1% |
| Land and buildings | 22 | €7,642,604 | €12,287,706 | +€4.6m | +60.8% |
| Plant, machinery and equipment | 23 | €173,861 | €145,908 | -€27,953 | -16.1% |
| Furniture and vehicles | 24 | €131,665 | €96,519 | -€35,146 | -26.7% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Assets under construction and advance payments | 27 | €4,571,450 | €0 | -€4.6m | -100% |
| Financial fixed assets | 28 | €296,168 | €296,168 | = | 0.0% |
| Current assets | 29/58 | €12,694,909 | €11,417,547 | -€1.3m | -10.1% |
| Amounts receivable within one year | 40/41 | €555,972 | €746,936 | +€190,964 | +34.3% |
| Trade receivables | 40 | €80,555 | €98,509 | +€17,954 | +22.3% |
| Other amounts receivable | 41 | €475,416 | €648,427 | +€173,010 | +36.4% |
| Current investments | 50/53 | €11,970,060 | €10,601,036 | -€1.4m | -11.4% |
| Cash at bank and in hand | 54/58 | €98,419 | €904 | -€97,514 | -99.1% |
| Deferred charges and accrued income | 490/1 | €70,459 | €68,672 | -€1,788 | -2.5% |
| Total equity and liabilities | 10/49 | €25,514,053 | €24,244,774 | -€1.3m | -5.0% |
| Equity | 10/15 | €11,192,154 | €11,093,062 | -€99,092 | -0.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €4,925,950 | €4,610,741 | -€315,209 | -6.4% |
| Non-distributable reserves | 130/1 | €79,326 | €79,326 | = | 0.0% |
| Legal reserve | 130 | €79,326 | €79,326 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,869,142 | €3,553,933 | -€315,209 | -8.1% |
| Distributable reserves | 133 | €977,482 | €977,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,179,914 | €6,396,032 | +€216,118 | +3.5% |
| Provisions and deferred taxes | 16 | €1,625,292 | €1,520,222 | -€105,070 | -6.5% |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Deferred taxes | 168 | €1,625,292 | €1,520,222 | -€105,070 | -6.5% |
| Amounts payable | 17/49 | €12,696,607 | €11,631,490 | -€1.1m | -8.4% |
| Amounts payable after more than one year | 17 | €11,310,665 | €10,064,595 | -€1.2m | -11.0% |
| Financial debts | 170/4 | €10,812,665 | €9,864,595 | -€948,070 | -8.8% |
| Other amounts payable | 178/9 | €498,000 | €200,000 | -€298,000 | -59.8% |
| Amounts payable within one year | 42/48 | €1,348,867 | €1,443,270 | +€94,403 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €1,033,474 | €981,758 | -€51,716 | -5.0% |
| Financial debts | 43 | €0 | €240,000 | +€240,000 | |
| Credit institutions | 430/8 | €0 | €240,000 | +€240,000 | |
| Trade debts | 44 | €109,596 | €16,256 | -€93,340 | -85.2% |
| Suppliers | 440/4 | €109,596 | €16,256 | -€93,340 | -85.2% |
| Advances received on contracts in progress | 46 | €0 | €1,250 | +€1,250 | |
| Taxes, remuneration and social security | 45 | €92,459 | €36,150 | -€56,309 | -60.9% |
| Taxes | 450/3 | €72,529 | €18,726 | -€53,802 | -74.2% |
| Remuneration and social security | 454/9 | €19,930 | €17,423 | -€2,507 | -12.6% |
| Other amounts payable | 47/48 | €113,338 | €167,856 | +€54,519 | +48.1% |
| Accrued charges and deferred income | 492/3 | €37,075 | €123,624 | +€86,549 | +233% |
| Turnover | 70 | €710,802 | €665,134 | -€45,668 | -6.4% |
| Non-recurring operating income | 76A | €3,231 | €0 | -€3,231 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €332,664 | €335,645 | +€2,982 | +0.9% |
| Remuneration, social security and pensions | 62 | €199,072 | €154,618 | -€44,454 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €723,196 | €754,222 | +€31,026 | +4.3% |
| Other operating charges | 640/8 | €66,952 | €130,283 | +€63,331 | +94.6% |
| Non-recurring operating charges | 66A | €2,412 | €7,464 | +€5,052 | +209% |
| Gross operating margin | 9900 | €652,059 | €627,310 | -€24,749 | -3.8% |
| Operating profit (loss) | 9901 | -€339,572 | -€419,276 | -€79,704 | -23.5% |
| Financial income | 75/76B | €508,058 | €554,233 | +€46,175 | +9.1% |
| Recurring financial income | 75 | €508,058 | €554,233 | +€46,175 | +9.1% |
| Financial charges | 65/66B | €494,405 | €273,410 | -€220,995 | -44.7% |
| Recurring financial charges | 65 | €494,405 | €273,410 | -€220,995 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€325,919 | -€138,452 | +€187,467 | +57.5% |
| Transfer from deferred taxes | 780 | €107,578 | €105,070 | -€2,508 | -2.3% |
| Income taxes | 67/77 | €100,437 | €65,709 | -€34,728 | -34.6% |
| Profit (loss) for the period | 9904 | -€318,778 | -€99,092 | +€219,687 | +68.9% |
| Transfer from tax-exempt reserves | 789 | €322,733 | €315,209 | -€7,524 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,955 | €216,118 | +€212,162 | +5,364% |
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 29 October 2026 via checked.be.