LINLOR: 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.
LINLOR
Largest movements
- Receivables within one year +€760,289
up €760,289 (+74.2%), from €1.0m to €1.8m
of which Other amounts receivable: +€759,996
- Receivables after one year -€760,000
down €760,000 (-33.3%), from €2.3m to €1.5m
- Tangible fixed assets +€160,128
up €160,128 (+260%), from €61,632 to €221,760
- Profit (loss) carried forward +€118,474
up €118,474 (+2.7%), from €4.4m to €4.5m
- Gross operating margin +€62,362
up €62,362 (+51.5%), from €121,198 to €183,560
- Taxes +€18,983
up €18,983 (+114%), from €16,661 to €35,643
- Depreciation -€4,537
down €4,537 (-15.6%), from €29,177 to €24,640
- Other operating charges -€2,479
down €2,479 (-36.5%), from €6,796 to €4,317
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 | €4,447,327 | €4,569,608 | +€122,281 | +2.7% |
| Fixed assets | 21/28 | €61,632 | €221,760 | +€160,128 | +260% |
| Tangible fixed assets | 22/27 | €61,632 | €221,760 | +€160,128 | +260% |
| Furniture and vehicles | 24 | €61,632 | €221,760 | +€160,128 | +260% |
| Current assets | 29/58 | €4,385,695 | €4,347,848 | -€37,846 | -0.9% |
| Amounts receivable after more than one year | 29 | €2,280,000 | €1,520,000 | -€760,000 | -33.3% |
| Other amounts receivable | 291 | €2,280,000 | €1,520,000 | -€760,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €1,025,131 | €1,785,419 | +€760,289 | +74.2% |
| Trade receivables | 40 | €124 | €417 | +€292 | +235% |
| Other amounts receivable | 41 | €1,025,006 | €1,785,003 | +€759,996 | +74.1% |
| Cash at bank and in hand | 54/58 | €1,080,564 | €1,041,188 | -€39,376 | -3.6% |
| Deferred charges and accrued income | 490/1 | - | €1,241 | +€1,241 | |
| Total equity and liabilities | 10/49 | €4,447,327 | €4,569,608 | +€122,281 | +2.7% |
| Equity | 10/15 | €4,386,084 | €4,504,558 | +€118,474 | +2.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,371,084 | €4,489,558 | +€118,474 | +2.7% |
| Amounts payable | 17/49 | €61,243 | €65,050 | +€3,807 | +6.2% |
| Amounts payable within one year | 42/48 | €56,335 | €64,912 | +€8,577 | +15.2% |
| Trade debts | 44 | €854 | €1,221 | +€367 | +43.0% |
| Suppliers | 440/4 | €854 | €1,221 | +€367 | +43.0% |
| Taxes, remuneration and social security | 45 | €21,610 | €25,755 | +€4,146 | +19.2% |
| Taxes | 450/3 | €21,610 | €25,755 | +€4,146 | +19.2% |
| Other amounts payable | 47/48 | €33,872 | €37,936 | +€4,064 | +12.0% |
| Accrued charges and deferred income | 492/3 | €4,907 | €137 | -€4,770 | -97.2% |
| Non-recurring operating income | 76A | - | €11,354 | +€11,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,177 | €24,640 | -€4,537 | -15.6% |
| Other operating charges | 640/8 | €6,796 | €4,317 | -€2,479 | -36.5% |
| Gross operating margin | 9900 | €121,198 | €183,560 | +€62,362 | +51.5% |
| Operating profit (loss) | 9901 | €85,225 | €154,603 | +€69,378 | +81.4% |
| Financial charges | 65/66B | €913 | €485 | -€429 | -46.9% |
| Recurring financial charges | 65 | €913 | €485 | -€429 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €84,311 | €154,118 | +€69,807 | +82.8% |
| Income taxes | 67/77 | €16,661 | €35,643 | +€18,983 | +114% |
| Profit (loss) for the period | 9904 | €67,650 | €118,474 | +€50,824 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,650 | €118,474 | +€50,824 | +75.1% |
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 14 October 2026 via checked.be.