LINEAU: 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.
LINEAU
Largest movements
- Cash +€67,762
up €67,762 (+363%), from €18,653 to €86,415
mainly Net result for the year (+€56,063) and Depreciation (+€53,210)
- Tangible fixed assets -€23,263
down €23,263 (-8.7%), from €268,634 to €245,372
of which Plant, machinery and equipment: -€34,436
- Stocks and contracts -€9,469
down €9,469 (-30.8%), from €30,695 to €21,226
- Reserves +€56,063
up €56,063 (+64.1%), from €87,515 to €143,579
- Trade debts -€16,855
down €16,855 (-38.9%), from €43,278 to €26,423
- Advances received +€16,245
up €16,245 (+74.9%), from €21,690 to €37,935
- Tax, wage and social debts -€10,564
down €10,564 (-27.6%), from €38,280 to €27,716
of which Remuneration and social security: -€5,329
- Other debts -€6,284
down €6,284 (-95.2%), from €6,598 to €314
- Gross operating margin +€114,225
up €114,225 (+48.9%), from €233,690 to €347,916
- Taxes +€11,115
up €11,115 (+395%), from €2,813 to €13,928
- Staff costs +€10,330
up €10,330 (+5.1%), from €203,792 to €214,123
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 | €342,752 | €379,084 | +€36,331 | +10.6% |
| Fixed assets | 21/28 | €278,003 | €254,741 | -€23,263 | -8.4% |
| Tangible fixed assets | 22/27 | €268,634 | €245,372 | -€23,263 | -8.7% |
| Plant, machinery and equipment | 23 | €248,071 | €213,635 | -€34,436 | -13.9% |
| Furniture and vehicles | 24 | €20,563 | €12,090 | -€8,473 | -41.2% |
| Leasing and similar rights | 25 | - | €19,647 | +€19,647 | |
| Financial fixed assets | 28 | €9,369 | €9,369 | = | 0.0% |
| Current assets | 29/58 | €64,749 | €124,343 | +€59,594 | +92.0% |
| Stocks and contracts in progress | 3 | €30,695 | €21,226 | -€9,469 | -30.8% |
| Stocks | 30/36 | €30,695 | €21,226 | -€9,469 | -30.8% |
| Amounts receivable within one year | 40/41 | €6,075 | €5,195 | -€880 | -14.5% |
| Trade receivables | 40 | €1,594 | €3,121 | +€1,527 | +95.8% |
| Other amounts receivable | 41 | €4,481 | €2,074 | -€2,407 | -53.7% |
| Cash at bank and in hand | 54/58 | €18,653 | €86,415 | +€67,762 | +363% |
| Deferred charges and accrued income | 490/1 | €9,326 | €11,507 | +€2,181 | +23.4% |
| Total equity and liabilities | 10/49 | €342,752 | €379,084 | +€36,331 | +10.6% |
| Equity | 10/15 | €106,115 | €162,179 | +€56,063 | +52.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,515 | €143,579 | +€56,063 | +64.1% |
| Distributable reserves | 133 | €87,515 | €143,579 | +€56,063 | +64.1% |
| Amounts payable | 17/49 | €236,637 | €216,905 | -€19,732 | -8.3% |
| Amounts payable after more than one year | 17 | €100,285 | €95,276 | -€5,009 | -5.0% |
| Financial debts | 170/4 | €100,285 | €95,276 | -€5,009 | -5.0% |
| Amounts payable within one year | 42/48 | €136,352 | €121,628 | -€14,723 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €26,507 | €29,241 | +€2,735 | +10.3% |
| Trade debts | 44 | €43,278 | €26,423 | -€16,855 | -38.9% |
| Suppliers | 440/4 | €43,278 | €26,423 | -€16,855 | -38.9% |
| Advances received on contracts in progress | 46 | €21,690 | €37,935 | +€16,245 | +74.9% |
| Taxes, remuneration and social security | 45 | €38,280 | €27,716 | -€10,564 | -27.6% |
| Taxes | 450/3 | €14,171 | €8,936 | -€5,235 | -36.9% |
| Remuneration and social security | 454/9 | €24,109 | €18,780 | -€5,329 | -22.1% |
| Other amounts payable | 47/48 | €6,598 | €314 | -€6,284 | -95.2% |
| Non-recurring operating income | 76A | €700 | - | -€700 | |
| Remuneration, social security and pensions | 62 | €203,792 | €214,123 | +€10,330 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,993 | €53,210 | +€1,217 | +2.3% |
| Other operating charges | 640/8 | €722 | €588 | -€134 | -18.5% |
| Non-recurring operating charges | 66A | €1,865 | - | -€1,865 | |
| Gross operating margin | 9900 | €233,690 | €347,916 | +€114,225 | +48.9% |
| Operating profit (loss) | 9901 | -€24,681 | €79,995 | +€104,676 | |
| Financial income | 75/76B | €12 | €9 | -€3 | -24.3% |
| Recurring financial income | 75 | €12 | €9 | -€3 | -24.3% |
| Financial charges | 65/66B | €11,084 | €10,013 | -€1,071 | -9.7% |
| Recurring financial charges | 65 | €11,084 | €10,013 | -€1,071 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,753 | €69,991 | +€105,745 | |
| Income taxes | 67/77 | €2,813 | €13,928 | +€11,115 | +395% |
| Profit (loss) for the period | 9904 | -€38,566 | €56,063 | +€94,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,566 | €56,063 | +€94,630 |
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 13 October 2026 via checked.be.