LINEA: 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.
LINEA
Largest movements
- Stocks and contracts -€30,242
down €30,242 (-17.0%), from €178,387 to €148,145
- Cash -€29,153
down €29,153 (-7.0%), from €413,809 to €384,656
mainly Investment in fixed assets (net) (-€52,071) and Contributions, distributions and other (-€40,000)
- Trade debts -€29,719
down €29,719 (-49.5%), from €60,040 to €30,322
- Debts after one year -€26,530
down €26,530 (-11.6%), from €228,553 to €202,023
- Staff costs +€47,581
up €47,581 (+25.8%), from €184,749 to €232,330
- Gross operating margin +€12,948
up €12,948 (+3.7%), from €347,045 to €359,993
- Taxes -€12,243
down €12,243 (-33.2%), from €36,884 to €24,641
- Depreciation +€5,182
up €5,182 (+10.9%), from €47,755 to €52,937
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 | €1,515,706 | €1,458,816 | -€56,891 | -3.8% |
| Fixed assets | 21/28 | €418,784 | €417,919 | -€866 | -0.2% |
| Tangible fixed assets | 22/27 | €418,784 | €417,919 | -€866 | -0.2% |
| Land and buildings | 22 | €345,538 | €317,891 | -€27,647 | -8.0% |
| Plant, machinery and equipment | 23 | €29,930 | €37,074 | +€7,143 | +23.9% |
| Furniture and vehicles | 24 | €43,316 | €62,954 | +€19,638 | +45.3% |
| Current assets | 29/58 | €1,096,922 | €1,040,897 | -€56,025 | -5.1% |
| Stocks and contracts in progress | 3 | €178,387 | €148,145 | -€30,242 | -17.0% |
| Stocks | 30/36 | €178,387 | €148,145 | -€30,242 | -17.0% |
| Amounts receivable within one year | 40/41 | €502,711 | €507,138 | +€4,427 | +0.9% |
| Trade receivables | 40 | €489,443 | €489,956 | +€513 | +0.1% |
| Other amounts receivable | 41 | €13,268 | €17,182 | +€3,914 | +29.5% |
| Cash at bank and in hand | 54/58 | €413,809 | €384,656 | -€29,153 | -7.0% |
| Deferred charges and accrued income | 490/1 | €2,014 | €958 | -€1,056 | -52.4% |
| Total equity and liabilities | 10/49 | €1,515,706 | €1,458,816 | -€56,891 | -3.8% |
| Equity | 10/15 | €1,089,664 | €1,094,499 | +€4,835 | +0.4% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €339,081 | €343,916 | +€4,835 | +1.4% |
| Distributable reserves | 133 | €339,081 | €343,916 | +€4,835 | +1.4% |
| Profit (loss) carried forward | 14 | €663,820 | €663,820 | = | 0.0% |
| Amounts payable | 17/49 | €426,042 | €364,316 | -€61,726 | -14.5% |
| Amounts payable after more than one year | 17 | €228,553 | €202,023 | -€26,530 | -11.6% |
| Financial debts | 170/4 | €228,553 | €202,023 | -€26,530 | -11.6% |
| Amounts payable within one year | 42/48 | €197,489 | €162,293 | -€35,196 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €26,267 | €26,530 | +€263 | +1.0% |
| Trade debts | 44 | €60,040 | €30,322 | -€29,719 | -49.5% |
| Suppliers | 440/4 | €60,040 | €30,322 | -€29,719 | -49.5% |
| Taxes, remuneration and social security | 45 | €110,452 | €105,441 | -€5,011 | -4.5% |
| Taxes | 450/3 | €78,124 | €80,353 | +€2,230 | +2.9% |
| Remuneration and social security | 454/9 | €32,329 | €25,088 | -€7,241 | -22.4% |
| Other amounts payable | 47/48 | €729 | - | -€729 | |
| Remuneration, social security and pensions | 62 | €184,749 | €232,330 | +€47,581 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,755 | €52,937 | +€5,182 | +10.9% |
| Other operating charges | 640/8 | €10,739 | €9,938 | -€800 | -7.5% |
| Gross operating margin | 9900 | €347,045 | €359,993 | +€12,948 | +3.7% |
| Operating profit (loss) | 9901 | €103,802 | €64,788 | -€39,015 | -37.6% |
| Financial income | 75/76B | €6,658 | €9,587 | +€2,929 | +44.0% |
| Recurring financial income | 75 | €6,658 | €9,587 | +€2,929 | +44.0% |
| Financial charges | 65/66B | €4,447 | €4,898 | +€451 | +10.1% |
| Recurring financial charges | 65 | €4,447 | €4,898 | +€451 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €106,013 | €69,477 | -€36,536 | -34.5% |
| Income taxes | 67/77 | €36,884 | €24,641 | -€12,243 | -33.2% |
| Profit (loss) for the period | 9904 | €69,129 | €44,835 | -€24,294 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,129 | €44,835 | -€24,294 | -35.1% |
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 12 October 2026 via checked.be.