LINMAR: 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.
LINMAR
Largest movements
- Receivables within one year -€73,816
down €73,816 (-95.1%), from €77,600 to €3,784
of which Trade receivables: -€73,668
- Receivables after one year +€50,500
new in 2025: €50,500
- Cash -€8,127
down €8,127 (-72.8%), from €11,171 to €3,044
mainly Receivables after one year (-€50,500) and Net result for the year (-€19,626)
- Profit (loss) carried forward -€19,626
down €19,626 (-22.0%), from -€89,030 to -€108,657
- Advances received -€14,365
no longer reported in 2025 (was €14,365)
- Debts after one year +€12,751
up €12,751 (+8.5%), from €149,448 to €162,199
- Trade debts -€11,747
down €11,747 (-92.9%), from €12,648 to €900
- Tax, wage and social debts +€1,116
up €1,116 (+196.9%), from €567 to €1,683
- Gross operating margin +€3,441
up €3,441 (+17.1%), from -€20,142 to -€16,700
- Financial charges +€1,211
up €1,211 (+462.8%), from €262 to €1,473
- Other operating charges -€542
down €542 (-44.7%), from €1,214 to €671
- Depreciation -€342
down €342 (-44.2%), from €773 to €431
- Taxes -€216
down €216 (-38.1%), from €567 to €351
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 | €94,197 | €62,325 | -€31,872 | -33.8% |
| Fixed assets | 21/28 | €1,186 | €755 | -€431 | -36.3% |
| Tangible fixed assets | 22/27 | €686 | €255 | -€431 | -62.8% |
| Furniture and vehicles | 24 | €686 | €255 | -€431 | -62.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €93,011 | €61,570 | -€31,441 | -33.8% |
| Amounts receivable after more than one year | 29 | - | €50,500 | +€50,500 | |
| Other amounts receivable | 291 | - | €50,500 | +€50,500 | |
| Stocks and contracts in progress | 3 | €3,234 | €2,846 | -€388 | -12.0% |
| Stocks | 30/36 | €3,234 | €2,846 | -€388 | -12.0% |
| Amounts receivable within one year | 40/41 | €77,600 | €3,784 | -€73,816 | -95.1% |
| Trade receivables | 40 | €77,452 | €3,784 | -€73,668 | -95.1% |
| Other amounts receivable | 41 | €148 | - | -€148 | |
| Cash at bank and in hand | 54/58 | €11,171 | €3,044 | -€8,127 | -72.8% |
| Deferred charges and accrued income | 490/1 | €1,006 | €1,396 | +€390 | +38.8% |
| Total equity and liabilities | 10/49 | €94,197 | €62,325 | -€31,872 | -33.8% |
| Equity | 10/15 | -€82,830 | -€102,457 | -€19,626 | -23.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,030 | -€108,657 | -€19,626 | -22.0% |
| Amounts payable | 17/49 | €177,027 | €164,782 | -€12,246 | -6.9% |
| Amounts payable after more than one year | 17 | €149,448 | €162,199 | +€12,751 | +8.5% |
| Financial debts | 170/4 | €149,448 | €162,199 | +€12,751 | +8.5% |
| Amounts payable within one year | 42/48 | €27,579 | €2,583 | -€24,996 | -90.6% |
| Trade debts | 44 | €12,648 | €900 | -€11,747 | -92.9% |
| Suppliers | 440/4 | €12,648 | €900 | -€11,747 | -92.9% |
| Advances received on contracts in progress | 46 | €14,365 | - | -€14,365 | |
| Taxes, remuneration and social security | 45 | €567 | €1,683 | +€1,116 | +196.9% |
| Taxes | 450/3 | €567 | €1,683 | +€1,116 | +196.9% |
| Non-recurring operating income | 76A | €12,542 | €916 | -€11,625 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773 | €431 | -€342 | -44.2% |
| Other operating charges | 640/8 | €1,214 | €671 | -€542 | -44.7% |
| Gross operating margin | 9900 | -€20,142 | -€16,700 | +€3,441 | +17.1% |
| Operating profit (loss) | 9901 | -€22,128 | -€17,803 | +€4,325 | +19.5% |
| Financial income | 75/76B | €43 | €0 | -€43 | -100.0% |
| Recurring financial income | 75 | €43 | €0 | -€43 | -100.0% |
| Financial charges | 65/66B | €262 | €1,473 | +€1,211 | +462.8% |
| Recurring financial charges | 65 | €262 | €1,473 | +€1,211 | +462.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,347 | -€19,276 | +€3,071 | +13.7% |
| Income taxes | 67/77 | €567 | €351 | -€216 | -38.1% |
| Profit (loss) for the period | 9904 | -€22,914 | -€19,626 | +€3,287 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,914 | -€19,626 | +€3,287 | +14.3% |
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 8 October 2026 via checked.be.