LINFISC: 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.
LINFISC
Largest movements
- Receivables after one year +€320,000
new in 2025: €320,000
- Cash -€153,910
down €153,910 (-20.7%), from €743,821 to €589,911
mainly Receivables after one year (-€320,000) and Debts after one year (-€19,684)
- Tangible fixed assets -€41,791
down €41,791 (-12.8%), from €325,243 to €283,452
of which Land and buildings: -€21,026
- Receivables within one year -€30,525
down €30,525 (-78.9%), from €38,711 to €8,186
of which Trade receivables: -€31,239
- Reserves +€105,000
up €105,000 (+28.3%), from €371,000 to €476,000
of which Distributable reserves: +€105,000
- Debts after one year -€19,684
down €19,684 (-10.2%), from €193,101 to €173,417
of which Financial debts: -€19,684
- Gross operating margin +€8,019
up €8,019 (+3.1%), from €260,122 to €268,141
- Taxes +€5,835
up €5,835 (+14.4%), from €40,572 to €46,407
- Depreciation -€3,841
down €3,841 (-7.8%), from €49,112 to €45,271
- Financial income +€3,273
up €3,273 (+35.0%), from €9,359 to €12,632
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 | €1,109,693 | €1,203,158 | +€93,465 | +8.4% |
| Fixed assets | 21/28 | €325,243 | €283,452 | -€41,791 | -12.8% |
| Tangible fixed assets | 22/27 | €325,243 | €283,452 | -€41,791 | -12.8% |
| Land and buildings | 22 | €263,188 | €242,162 | -€21,026 | -8.0% |
| Furniture and vehicles | 24 | €62,055 | €41,291 | -€20,765 | -33.5% |
| Current assets | 29/58 | €784,450 | €919,706 | +€135,256 | +17.2% |
| Amounts receivable after more than one year | 29 | - | €320,000 | +€320,000 | |
| Other amounts receivable | 291 | - | €320,000 | +€320,000 | |
| Amounts receivable within one year | 40/41 | €38,711 | €8,186 | -€30,525 | -78.9% |
| Trade receivables | 40 | €38,711 | €7,472 | -€31,239 | -80.7% |
| Other amounts receivable | 41 | - | €713 | +€713 | |
| Cash at bank and in hand | 54/58 | €743,821 | €589,911 | -€153,910 | -20.7% |
| Deferred charges and accrued income | 490/1 | €1,919 | €1,610 | -€309 | -16.1% |
| Total equity and liabilities | 10/49 | €1,109,693 | €1,203,158 | +€93,465 | +8.4% |
| Equity | 10/15 | €846,737 | €952,219 | +€105,482 | +12.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €371,000 | €476,000 | +€105,000 | +28.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €369,000 | €474,000 | +€105,000 | +28.5% |
| Profit (loss) carried forward | 14 | €455,737 | €456,219 | +€482 | +0.1% |
| Amounts payable | 17/49 | €262,956 | €250,939 | -€12,017 | -4.6% |
| Amounts payable after more than one year | 17 | €193,101 | €173,417 | -€19,684 | -10.2% |
| Financial debts | 170/4 | €187,078 | €167,394 | -€19,684 | -10.5% |
| Other amounts payable | 178/9 | €6,023 | €6,023 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,855 | €77,522 | +€7,667 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €20,171 | €20,293 | +€122 | +0.6% |
| Trade debts | 44 | €5,327 | €6,324 | +€997 | +18.7% |
| Suppliers | 440/4 | €5,327 | €6,324 | +€997 | +18.7% |
| Taxes, remuneration and social security | 45 | €43,068 | €48,768 | +€5,701 | +13.2% |
| Taxes | 450/3 | €37,189 | €42,213 | +€5,025 | +13.5% |
| Remuneration and social security | 454/9 | €5,879 | €6,555 | +€676 | +11.5% |
| Other amounts payable | 47/48 | €1,289 | €2,136 | +€847 | +65.7% |
| Remuneration, social security and pensions | 62 | €76,849 | €77,737 | +€889 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,112 | €45,271 | -€3,841 | -7.8% |
| Other operating charges | 640/8 | €3,154 | €1,854 | -€1,299 | -41.2% |
| Gross operating margin | 9900 | €260,122 | €268,141 | +€8,019 | +3.1% |
| Operating profit (loss) | 9901 | €131,008 | €143,279 | +€12,271 | +9.4% |
| Financial income | 75/76B | €9,359 | €12,632 | +€3,273 | +35.0% |
| Recurring financial income | 75 | €9,359 | €12,632 | +€3,273 | +35.0% |
| Financial charges | 65/66B | €2,907 | €4,022 | +€1,115 | +38.4% |
| Recurring financial charges | 65 | €2,907 | €4,022 | +€1,115 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €137,460 | €151,889 | +€14,429 | +10.5% |
| Income taxes | 67/77 | €40,572 | €46,407 | +€5,835 | +14.4% |
| Profit (loss) for the period | 9904 | €96,888 | €105,482 | +€8,594 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,888 | €105,482 | +€8,594 | +8.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.