Linese: 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.
Linese
Largest movements
- Cash -€102,505
down €102,505 (-97.2%), from €105,411 to €2,906
mainly Tax, wage and social debts (-€53,528) and Current investments (-€49,131)
- Current investments +€49,131
up €49,131 (+36.5%), from €134,535 to €183,666
- Tangible fixed assets -€12,063
down €12,063 (-22.7%), from €53,182 to €41,119
of which Furniture and vehicles: -€11,301
- Receivables within one year +€7,860
up €7,860 (+10.3%), from €76,457 to €84,317
of which Other amounts receivable: +€15,181
- Tax, wage and social debts -€53,528
down €53,528 (-83.2%), from €64,334 to €10,805
of which Taxes: -€53,528
- Current portion of long-term debt -€11,553
down €11,553 (-64.6%), from €17,897 to €6,344
- Trade debts +€7,193
up €7,193 (+424%), from €1,696 to €8,890
- Debts after one year -€6,344
down €6,344 (-56.2%), from €11,291 to €4,947
- Gross operating margin -€195,921
down €195,921 (-92.1%), from €212,657 to €16,737
- Taxes -€49,265
down €49,265 (-97.7%), from €50,425 to €1,160
- Financial charges -€16,525
down €16,525 (-89.2%), from €18,523 to €1,997
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 | €574,663 | €514,039 | -€60,624 | -10.5% |
| Fixed assets | 21/28 | €254,239 | €237,076 | -€17,163 | -6.8% |
| Tangible fixed assets | 22/27 | €53,182 | €41,119 | -€12,063 | -22.7% |
| Plant, machinery and equipment | 23 | €9,830 | €9,068 | -€762 | -7.8% |
| Furniture and vehicles | 24 | €43,352 | €32,051 | -€11,301 | -26.1% |
| Financial fixed assets | 28 | €201,057 | €195,957 | -€5,100 | -2.5% |
| Current assets | 29/58 | €320,424 | €276,963 | -€43,461 | -13.6% |
| Amounts receivable within one year | 40/41 | €76,457 | €84,317 | +€7,860 | +10.3% |
| Trade receivables | 40 | €42,619 | €35,298 | -€7,322 | -17.2% |
| Other amounts receivable | 41 | €33,838 | €49,019 | +€15,181 | +44.9% |
| Current investments | 50/53 | €134,535 | €183,666 | +€49,131 | +36.5% |
| Cash at bank and in hand | 54/58 | €105,411 | €2,906 | -€102,505 | -97.2% |
| Deferred charges and accrued income | 490/1 | €4,020 | €6,074 | +€2,053 | +51.1% |
| Total equity and liabilities | 10/49 | €574,663 | €514,039 | -€60,624 | -10.5% |
| Equity | 10/15 | €479,445 | €483,053 | +€3,608 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €472,426 | €475,426 | +€3,000 | +0.6% |
| Distributable reserves | 133 | €472,426 | €475,426 | +€3,000 | +0.6% |
| Profit (loss) carried forward | 14 | €819 | €1,426 | +€608 | +74.3% |
| Amounts payable | 17/49 | €95,218 | €30,986 | -€64,232 | -67.5% |
| Amounts payable after more than one year | 17 | €11,291 | €4,947 | -€6,344 | -56.2% |
| Financial debts | 170/4 | €11,291 | €4,947 | -€6,344 | -56.2% |
| Amounts payable within one year | 42/48 | €83,927 | €26,039 | -€57,888 | -69.0% |
| Current portion of amounts payable after more than one year | 42 | €17,897 | €6,344 | -€11,553 | -64.6% |
| Trade debts | 44 | €1,696 | €8,890 | +€7,193 | +424% |
| Suppliers | 440/4 | €1,696 | €8,890 | +€7,193 | +424% |
| Taxes, remuneration and social security | 45 | €64,334 | €10,805 | -€53,528 | -83.2% |
| Taxes | 450/3 | €64,334 | €10,805 | -€53,528 | -83.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,921 | €14,334 | +€1,413 | +10.9% |
| Other operating charges | 640/8 | €789 | €434 | -€355 | -45.0% |
| Non-recurring operating charges | 66A | €11,003 | €0 | -€11,003 | -100% |
| Gross operating margin | 9900 | €212,657 | €16,737 | -€195,921 | -92.1% |
| Operating profit (loss) | 9901 | €187,945 | €1,968 | -€185,976 | -99.0% |
| Financial income | 75/76B | €6,821 | €4,797 | -€2,025 | -29.7% |
| Recurring financial income | 75 | €6,821 | €4,797 | -€2,025 | -29.7% |
| Financial charges | 65/66B | €18,523 | €1,997 | -€16,525 | -89.2% |
| Recurring financial charges | 65 | €18,523 | €1,997 | -€16,525 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €176,244 | €4,768 | -€171,476 | -97.3% |
| Income taxes | 67/77 | €50,425 | €1,160 | -€49,265 | -97.7% |
| Profit (loss) for the period | 9904 | €125,819 | €3,608 | -€122,211 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,819 | €3,608 | -€122,211 | -97.1% |
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 31 October 2026 via checked.be.