LINJO: 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.
LINJO
Largest movements
- Receivables within one year +€92,063
up €92,063 (+70.9%), from €129,758 to €221,820
of which Trade receivables: +€102,010
- Tangible fixed assets -€89,236
down €89,236 (-3.9%), from €2.3m to €2.2m
of which Land and buildings: -€66,772
- Cash +€65,292
up €65,292 (+156%), from €41,835 to €107,126
mainly Debts after one year (+€1.0m) and Net result for the year (+€146,904)
- Debts after one year +€1.0m
up €1.0m (+1,132%), from €90,434 to €1.1m
of which Other amounts payable: +€1.1m
- Other debts -€536,789
down €536,789 (-93.5%), from €574,337 to €37,549
- Short-term financial debts -€496,445
down €496,445 (-55.4%), from €896,445 to €400,000
- Reserves +€146,904
up €146,904 (+4.6%), from €3.2m to €3.4m
of which Distributable reserves: +€149,744
- Financial income -€534,105
down €534,105 (-100%), from €534,105 to €0
- Gross operating margin -€196,043
down €196,043 (-36.7%), from €534,893 to €338,850
- Taxes -€18,202
down €18,202 (-25.3%), from €72,017 to €53,816
- Financial charges -€14,151
down €14,151 (-92.2%), from €15,350 to €1,199
- Other operating charges +€12,570
up €12,570 (+68.6%), from €18,333 to €30,902
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 | €5,244,976 | €5,326,099 | +€81,123 | +1.5% |
| Fixed assets | 21/28 | €5,055,096 | €4,993,110 | -€61,986 | -1.2% |
| Tangible fixed assets | 22/27 | €2,260,096 | €2,170,860 | -€89,236 | -3.9% |
| Land and buildings | 22 | €2,156,548 | €2,089,776 | -€66,772 | -3.1% |
| Plant, machinery and equipment | 23 | €8,519 | €7,145 | -€1,374 | -16.1% |
| Furniture and vehicles | 24 | €95,029 | €73,939 | -€21,090 | -22.2% |
| Financial fixed assets | 28 | €2,795,000 | €2,822,250 | +€27,250 | +1.0% |
| Current assets | 29/58 | €189,881 | €332,989 | +€143,109 | +75.4% |
| Amounts receivable within one year | 40/41 | €129,758 | €221,820 | +€92,063 | +70.9% |
| Trade receivables | 40 | €99,220 | €201,230 | +€102,010 | +103% |
| Other amounts receivable | 41 | €30,538 | €20,591 | -€9,947 | -32.6% |
| Cash at bank and in hand | 54/58 | €41,835 | €107,126 | +€65,292 | +156% |
| Deferred charges and accrued income | 490/1 | €18,288 | €4,043 | -€14,246 | -77.9% |
| Total equity and liabilities | 10/49 | €5,244,976 | €5,326,099 | +€81,123 | +1.5% |
| Equity | 10/15 | €3,487,966 | €3,634,870 | +€146,904 | +4.2% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €275,000 | €275,000 | = | 0.0% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €3,212,966 | €3,359,870 | +€146,904 | +4.6% |
| Non-distributable reserves | 130/1 | €27,500 | €27,500 | = | 0.0% |
| Legal reserve | 130 | €27,500 | €27,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,851 | €82,011 | -€2,840 | -3.3% |
| Distributable reserves | 133 | €3,100,616 | €3,250,360 | +€149,744 | +4.8% |
| Provisions and deferred taxes | 16 | €28,284 | €27,337 | -€947 | -3.3% |
| Deferred taxes | 168 | €28,284 | €27,337 | -€947 | -3.3% |
| Amounts payable | 17/49 | €1,728,727 | €1,663,892 | -€64,835 | -3.8% |
| Amounts payable after more than one year | 17 | €90,434 | €1,114,030 | +€1.0m | +1,132% |
| Financial debts | 170/4 | €72,849 | €0 | -€72,849 | -100% |
| Other amounts payable | 178/9 | €17,585 | €1,114,030 | +€1.1m | +6,235% |
| Amounts payable within one year | 42/48 | €1,623,293 | €549,861 | -€1.1m | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €124,204 | €72,849 | -€51,355 | -41.3% |
| Financial debts | 43 | €896,445 | €400,000 | -€496,445 | -55.4% |
| Other loans | 439 | €896,445 | €400,000 | -€496,445 | -55.4% |
| Trade debts | 44 | €6,747 | €7,423 | +€676 | +10.0% |
| Suppliers | 440/4 | €6,747 | €7,423 | +€676 | +10.0% |
| Taxes, remuneration and social security | 45 | €21,559 | €32,041 | +€10,482 | +48.6% |
| Taxes | 450/3 | €21,559 | €32,041 | +€10,482 | +48.6% |
| Other amounts payable | 47/48 | €574,337 | €37,549 | -€536,789 | -93.5% |
| Accrued charges and deferred income | 492/3 | €15,000 | €0 | -€15,000 | -100% |
| Non-recurring operating income | 76A | €242,183 | €0 | -€242,183 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,774 | €106,976 | +€1,201 | +1.1% |
| Other operating charges | 640/8 | €18,333 | €30,902 | +€12,570 | +68.6% |
| Gross operating margin | 9900 | €534,893 | €338,850 | -€196,043 | -36.7% |
| Operating profit (loss) | 9901 | €410,786 | €200,972 | -€209,814 | -51.1% |
| Financial income | 75/76B | €534,105 | €0 | -€534,105 | -100% |
| Recurring financial income | 75 | €534,105 | €0 | -€534,105 | -100% |
| Financial charges | 65/66B | €15,350 | €1,199 | -€14,151 | -92.2% |
| Recurring financial charges | 65 | €15,350 | €1,199 | -€14,151 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | €929,541 | €199,773 | -€729,768 | -78.5% |
| Transfer from deferred taxes | 780 | €1,815 | €947 | -€868 | -47.8% |
| Transfer to deferred taxes | 680 | €30,098 | €0 | -€30,098 | -100% |
| Income taxes | 67/77 | €72,017 | €53,816 | -€18,202 | -25.3% |
| Profit (loss) for the period | 9904 | €829,240 | €146,904 | -€682,336 | -82.3% |
| Transfer from tax-exempt reserves | 789 | €5,444 | €2,840 | -€2,604 | -47.8% |
| Transfer to tax-exempt reserves | 689 | €90,295 | €0 | -€90,295 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €744,390 | €149,744 | -€594,645 | -79.9% |
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.