Linflex: what changed
Two fiscal 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.
Linflex
Largest movements
- Receivables within one year +€51,498
up €51,498 (+44.8%), from €114,899 to €166,397
of which Trade receivables: +€71,058
- Cash +€45,350
up €45,350 (+37.0%), from €122,455 to €167,805
mainly Net result for the year (+€82,060) and Stocks and contracts (+€29,196)
- Stocks and contracts -€29,196
down €29,196 (-29.9%), from €97,755 to €68,559
- Tangible fixed assets -€11,374
down €11,374 (-22.2%), from €51,294 to €39,920
- Reserves +€82,060
up €82,060 (+79.4%), from €103,385 to €185,445
of which Distributable reserves: +€82,060
- Debts after one year -€42,769
no longer reported in 2025 (was €42,769)
- Trade debts +€18,461
up €18,461 (+96.5%), from €19,127 to €37,588
- Gross operating margin +€59,610
up €59,610 (+49.9%), from €119,552 to €179,161
- Other operating charges +€37,113
up €37,113 (+1253.7%), from €2,960 to €40,073
- Taxes +€6,531
up €6,531 (+25.2%), from €25,898 to €32,429
- Financial charges +€2,015
up €2,015 (+21.0%), from €9,612 to €11,627
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 | €388,417 | €446,130 | +€57,713 | +14.9% |
| Fixed assets | 21/28 | €51,294 | €39,920 | -€11,374 | -22.2% |
| Tangible fixed assets | 22/27 | €51,294 | €39,920 | -€11,374 | -22.2% |
| Furniture and vehicles | 24 | €51,294 | €39,920 | -€11,374 | -22.2% |
| Current assets | 29/58 | €337,123 | €406,210 | +€69,086 | +20.5% |
| Stocks and contracts in progress | 3 | €97,755 | €68,559 | -€29,196 | -29.9% |
| Stocks | 30/36 | €97,755 | €68,559 | -€29,196 | -29.9% |
| Amounts receivable within one year | 40/41 | €114,899 | €166,397 | +€51,498 | +44.8% |
| Trade receivables | 40 | €95,339 | €166,397 | +€71,058 | +74.5% |
| Other amounts receivable | 41 | €19,560 | - | -€19,560 | |
| Cash at bank and in hand | 54/58 | €122,455 | €167,805 | +€45,350 | +37.0% |
| Deferred charges and accrued income | 490/1 | €2,014 | €3,449 | +€1,435 | +71.2% |
| Total equity and liabilities | 10/49 | €388,417 | €446,130 | +€57,713 | +14.9% |
| Equity | 10/15 | €165,385 | €247,445 | +€82,060 | +49.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €103,385 | €185,445 | +€82,060 | +79.4% |
| Non-distributable reserves | 130/1 | €6,937 | €6,937 | = | 0.0% |
| Legal reserve | 130 | €6,937 | €6,937 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,276 | €3,276 | = | 0.0% |
| Distributable reserves | 133 | €93,172 | €175,232 | +€82,060 | +88.1% |
| Amounts payable | 17/49 | €223,032 | €198,685 | -€24,347 | -10.9% |
| Amounts payable after more than one year | 17 | €42,769 | - | -€42,769 | |
| Financial debts | 170/4 | €42,769 | - | -€42,769 | |
| Amounts payable within one year | 42/48 | €180,263 | €198,663 | +€18,399 | +10.2% |
| Trade debts | 44 | €19,127 | €37,588 | +€18,461 | +96.5% |
| Suppliers | 440/4 | €19,127 | €37,588 | +€18,461 | +96.5% |
| Taxes, remuneration and social security | 45 | €13,892 | €12,748 | -€1,144 | -8.2% |
| Taxes | 450/3 | €13,892 | €9,748 | -€4,144 | -29.8% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €147,244 | €148,327 | +€1,082 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,146 | €13,484 | +€338 | +2.6% |
| Other operating charges | 640/8 | €2,960 | €40,073 | +€37,113 | +1253.7% |
| Gross operating margin | 9900 | €119,552 | €179,161 | +€59,610 | +49.9% |
| Operating profit (loss) | 9901 | €103,445 | €125,604 | +€22,159 | +21.4% |
| Financial income | 75/76B | €217 | €511 | +€294 | +135.4% |
| Recurring financial income | 75 | €217 | €511 | +€294 | +135.4% |
| Financial charges | 65/66B | €9,612 | €11,627 | +€2,015 | +21.0% |
| Recurring financial charges | 65 | €9,612 | €11,627 | +€2,015 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €94,050 | €114,488 | +€20,438 | +21.7% |
| Income taxes | 67/77 | €25,898 | €32,429 | +€6,531 | +25.2% |
| Profit (loss) for the period | 9904 | €68,152 | €82,060 | +€13,907 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,152 | €82,060 | +€13,907 | +20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.