Linati: 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.
Linati
Largest movements
- Cash +€16,615
up €16,615 (+216.5%), from €7,674 to €24,289
mainly Net result for the year (+€12,427) and Tax, wage and social debts (+€5,825)
- Current investments +€5,121
up €5,121 (+116.7%), from €4,389 to €9,510
- Tangible fixed assets -€1,857
down €1,857 (-40.1%), from €4,634 to €2,777
- Receivables within one year -€578
down €578 (-11.3%), from €5,106 to €4,528
of which Other amounts receivable: -€620
- Reserves +€12,427
up €12,427 (+100.3%), from €12,395 to €24,822
- Tax, wage and social debts +€5,825
up €5,825 (+1516.7%), from €384 to €6,209
- Debts after one year +€1,045
up €1,045 (+17.2%), from €6,064 to €7,109
- Other debts -€730
no longer reported in 2025 (was €730)
- Trade debts +€516
up €516 (+80.7%), from €640 to €1,156
- Gross operating margin +€8,069
up €8,069 (+75.3%), from €10,709 to €18,778
- Taxes +€1,719
up €1,719 (+85.8%), from €2,005 to €3,724
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 | €22,214 | €41,481 | +€19,267 | +86.7% |
| Fixed assets | 21/28 | €4,634 | €2,777 | -€1,857 | -40.1% |
| Tangible fixed assets | 22/27 | €4,634 | €2,777 | -€1,857 | -40.1% |
| Furniture and vehicles | 24 | €4,634 | €2,777 | -€1,857 | -40.1% |
| Current assets | 29/58 | €17,580 | €38,703 | +€21,124 | +120.2% |
| Amounts receivable within one year | 40/41 | €5,106 | €4,528 | -€578 | -11.3% |
| Trade receivables | 40 | €4,486 | €4,528 | +€42 | +0.9% |
| Other amounts receivable | 41 | €620 | - | -€620 | |
| Current investments | 50/53 | €4,389 | €9,510 | +€5,121 | +116.7% |
| Cash at bank and in hand | 54/58 | €7,674 | €24,289 | +€16,615 | +216.5% |
| Deferred charges and accrued income | 490/1 | €411 | €376 | -€35 | -8.5% |
| Total equity and liabilities | 10/49 | €22,214 | €41,481 | +€19,267 | +86.7% |
| Equity | 10/15 | €13,895 | €26,322 | +€12,427 | +89.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €12,395 | €24,822 | +€12,427 | +100.3% |
| Distributable reserves | 133 | €12,395 | €24,822 | +€12,427 | +100.3% |
| Amounts payable | 17/49 | €8,319 | €15,159 | +€6,840 | +82.2% |
| Amounts payable after more than one year | 17 | €6,064 | €7,109 | +€1,045 | +17.2% |
| Other amounts payable | 178/9 | €6,064 | €7,109 | +€1,045 | +17.2% |
| Amounts payable within one year | 42/48 | €1,754 | €7,365 | +€5,611 | +319.9% |
| Trade debts | 44 | €640 | €1,156 | +€516 | +80.7% |
| Suppliers | 440/4 | €640 | €1,156 | +€516 | +80.7% |
| Taxes, remuneration and social security | 45 | €384 | €6,209 | +€5,825 | +1516.7% |
| Taxes | 450/3 | €384 | €6,209 | +€5,825 | +1516.7% |
| Other amounts payable | 47/48 | €730 | - | -€730 | |
| Accrued charges and deferred income | 492/3 | €501 | €685 | +€184 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,857 | €1,857 | = | 0.0% |
| Other operating charges | 640/8 | €316 | €294 | -€22 | -6.9% |
| Gross operating margin | 9900 | €10,709 | €18,778 | +€8,069 | +75.3% |
| Operating profit (loss) | 9901 | €8,536 | €16,627 | +€8,091 | +94.8% |
| Financial income | 75/76B | €84 | €191 | +€107 | +127.0% |
| Recurring financial income | 75 | €84 | €191 | +€107 | +127.0% |
| Financial charges | 65/66B | €610 | €667 | +€57 | +9.3% |
| Recurring financial charges | 65 | €610 | €667 | +€57 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €8,010 | €16,151 | +€8,141 | +101.6% |
| Income taxes | 67/77 | €2,005 | €3,724 | +€1,719 | +85.8% |
| Profit (loss) for the period | 9904 | €6,005 | €12,427 | +€6,422 | +106.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,005 | €12,427 | +€6,422 | +106.9% |
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 11 October 2026 via checked.be.