Linitfo: 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.
Linitfo
Largest movements
- Stocks and contracts +€29,311
up €29,311 (+36.0%), from €81,338 to €110,650
- Cash -€6,543
down €6,543 (-32.6%), from €20,087 to €13,544
mainly Stocks and contracts (-€29,311) and Debts after one year (-€11,414)
- Tangible fixed assets +€3,718
up €3,718 (+68.9%), from €5,396 to €9,115
of which Furniture and vehicles: +€4,395
- Trade debts +€17,773
up €17,773 (+111%), from €15,980 to €33,754
- Profit (loss) carried forward +€15,123
new in 2025: €15,123
- Debts after one year -€11,414
down €11,414 (-85.6%), from €13,327 to €1,913
- Tax, wage and social debts +€3,747
up €3,747 (+41.6%), from €9,012 to €12,759
- Gross operating margin -€3,579
down €3,579 (-12.3%), from €29,191 to €25,612
- Taxes -€2,878
down €2,878 (-42.1%), from €6,829 to €3,951
- Depreciation +€1,685
up €1,685 (+237%), from €712 to €2,397
- Other operating charges -€506
down €506 (-16.1%), from €3,134 to €2,628
- Financial income -€452
down €452 (-99.5%), from €455 to €2
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 | €111,802 | €138,079 | +€26,277 | +23.5% |
| Fixed assets | 21/28 | €9,896 | €13,615 | +€3,718 | +37.6% |
| Tangible fixed assets | 22/27 | €5,396 | €9,115 | +€3,718 | +68.9% |
| Plant, machinery and equipment | 23 | €2,098 | €1,678 | -€420 | -20.0% |
| Furniture and vehicles | 24 | €2,742 | €7,137 | +€4,395 | +160% |
| Other tangible fixed assets | 26 | €556 | €299 | -€256 | -46.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €101,906 | €124,465 | +€22,559 | +22.1% |
| Stocks and contracts in progress | 3 | €81,338 | €110,650 | +€29,311 | +36.0% |
| Stocks | 30/36 | €81,338 | €110,650 | +€29,311 | +36.0% |
| Amounts receivable within one year | 40/41 | €313 | €0 | -€313 | -100% |
| Trade receivables | 40 | €313 | €0 | -€313 | -100% |
| Cash at bank and in hand | 54/58 | €20,087 | €13,544 | -€6,543 | -32.6% |
| Deferred charges and accrued income | 490/1 | €168 | €271 | +€104 | +61.9% |
| Total equity and liabilities | 10/49 | €111,802 | €138,079 | +€26,277 | +23.5% |
| Equity | 10/15 | €58,162 | €73,285 | +€15,123 | +26.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €43,162 | €43,162 | = | 0.0% |
| Distributable reserves | 133 | €43,162 | €43,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €15,123 | +€15,123 | |
| Amounts payable | 17/49 | €53,641 | €64,794 | +€11,154 | +20.8% |
| Amounts payable after more than one year | 17 | €13,327 | €1,913 | -€11,414 | -85.6% |
| Financial debts | 170/4 | €13,327 | €1,913 | -€11,414 | -85.6% |
| Amounts payable within one year | 42/48 | €40,313 | €62,881 | +€22,568 | +56.0% |
| Current portion of amounts payable after more than one year | 42 | €10,979 | €11,414 | +€436 | +4.0% |
| Trade debts | 44 | €15,980 | €33,754 | +€17,773 | +111% |
| Suppliers | 440/4 | €15,980 | €33,754 | +€17,773 | +111% |
| Taxes, remuneration and social security | 45 | €9,012 | €12,759 | +€3,747 | +41.6% |
| Taxes | 450/3 | €9,012 | €12,759 | +€3,747 | +41.6% |
| Other amounts payable | 47/48 | €4,343 | €4,954 | +€611 | +14.1% |
| Remuneration, social security and pensions | 62 | €0 | €168 | +€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €712 | €2,397 | +€1,685 | +237% |
| Other operating charges | 640/8 | €3,134 | €2,628 | -€506 | -16.1% |
| Gross operating margin | 9900 | €29,191 | €25,612 | -€3,579 | -12.3% |
| Operating profit (loss) | 9901 | €25,345 | €20,419 | -€4,926 | -19.4% |
| Financial income | 75/76B | €455 | €2 | -€452 | -99.5% |
| Recurring financial income | 75 | €455 | €2 | -€452 | -99.5% |
| Financial charges | 65/66B | €1,432 | €1,347 | -€85 | -6.0% |
| Recurring financial charges | 65 | €1,432 | €1,347 | -€85 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €24,368 | €19,075 | -€5,293 | -21.7% |
| Income taxes | 67/77 | €6,829 | €3,951 | -€2,878 | -42.1% |
| Profit (loss) for the period | 9904 | €17,539 | €15,123 | -€2,415 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,539 | €15,123 | -€2,415 | -13.8% |
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.