LINNAEUS: 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.
LINNAEUS
Largest movements
- Receivables within one year -€81,854
down €81,854 (-9.7%), from €841,098 to €759,244
of which Other amounts receivable: -€99,009
- Tangible fixed assets -€68,103
down €68,103 (-4.1%), from €1.7m to €1.6m
of which Land and buildings: -€43,212
- Debts after one year -€589,226
down €589,226 (-56.5%), from €1.0m to €453,377
- Current portion of long-term debt +€527,757
up €527,757 (+156%), from €338,057 to €865,813
- Profit (loss) carried forward -€110,866
down €110,866 (-21.8%), from -€508,492 to -€619,359
- Gross operating margin -€55,672
down €55,672, from €52,179 to -€3,494
- Financial income +€17,934
up €17,934 (+69.0%), from €25,976 to €43,910
- Financial charges +€15,938
up €15,938 (+43.8%), from €36,428 to €52,366
- Depreciation +€12,313
up €12,313 (+15.6%), from €78,995 to €91,308
- Other operating charges +€935
up €935 (+15.1%), from €6,196 to €7,130
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 | €2,715,376 | €2,574,512 | -€140,864 | -5.2% |
| Fixed assets | 21/28 | €1,869,076 | €1,810,901 | -€58,176 | -3.1% |
| Intangible fixed assets | 21 | €5,252 | €15,180 | +€9,927 | +189% |
| Tangible fixed assets | 22/27 | €1,663,824 | €1,595,721 | -€68,103 | -4.1% |
| Land and buildings | 22 | €1,376,900 | €1,333,687 | -€43,212 | -3.1% |
| Plant, machinery and equipment | 23 | €151,973 | €155,139 | +€3,166 | +2.1% |
| Furniture and vehicles | 24 | €134,951 | €106,895 | -€28,056 | -20.8% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €846,300 | €763,611 | -€82,688 | -9.8% |
| Amounts receivable within one year | 40/41 | €841,098 | €759,244 | -€81,854 | -9.7% |
| Trade receivables | 40 | €8,210 | €25,366 | +€17,156 | +209% |
| Other amounts receivable | 41 | €832,888 | €733,879 | -€99,009 | -11.9% |
| Cash at bank and in hand | 54/58 | €3,526 | €3,034 | -€491 | -13.9% |
| Deferred charges and accrued income | 490/1 | €1,676 | €1,333 | -€343 | -20.5% |
| Total equity and liabilities | 10/49 | €2,715,376 | €2,574,512 | -€140,864 | -5.2% |
| Equity | 10/15 | €497,708 | €386,841 | -€110,866 | -22.3% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€508,492 | -€619,359 | -€110,866 | -21.8% |
| Amounts payable | 17/49 | €2,217,668 | €2,187,671 | -€29,997 | -1.4% |
| Amounts payable after more than one year | 17 | €1,042,602 | €453,377 | -€589,226 | -56.5% |
| Financial debts | 170/4 | €1,042,602 | €453,377 | -€589,226 | -56.5% |
| Amounts payable within one year | 42/48 | €1,171,298 | €1,728,509 | +€557,211 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €338,057 | €865,813 | +€527,757 | +156% |
| Trade debts | 44 | €13,659 | €21,442 | +€7,783 | +57.0% |
| Suppliers | 440/4 | €13,659 | €21,442 | +€7,783 | +57.0% |
| Taxes, remuneration and social security | 45 | €476 | €4,171 | +€3,695 | +776% |
| Taxes | 450/3 | €476 | €4,171 | +€3,695 | +776% |
| Other amounts payable | 47/48 | €819,106 | €837,083 | +€17,977 | +2.2% |
| Accrued charges and deferred income | 492/3 | €3,768 | €5,785 | +€2,017 | +53.5% |
| Non-recurring operating income | 76A | €17,250 | €0 | -€17,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,995 | €91,308 | +€12,313 | +15.6% |
| Other operating charges | 640/8 | €6,196 | €7,130 | +€935 | +15.1% |
| Gross operating margin | 9900 | €52,179 | -€3,494 | -€55,672 | |
| Operating profit (loss) | 9901 | -€33,012 | -€101,933 | -€68,920 | -209% |
| Financial income | 75/76B | €25,976 | €43,910 | +€17,934 | +69.0% |
| Recurring financial income | 75 | €25,976 | €43,910 | +€17,934 | +69.0% |
| Financial charges | 65/66B | €36,428 | €52,366 | +€15,938 | +43.8% |
| Recurring financial charges | 65 | €36,428 | €52,366 | +€15,938 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,464 | -€110,389 | -€66,924 | -154% |
| Income taxes | 67/77 | €460 | €478 | +€17 | +3.8% |
| Profit (loss) for the period | 9904 | -€43,924 | -€110,866 | -€66,942 | -152% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,924 | -€110,866 | -€66,942 | -152% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.