LINNAEUS: 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.
What changed
LINNAEUS
NACE 43.332, Laying of wooden floor and wall coverings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€147,959
2024 · €128,777+€19,182
Equity
€1.2m
2024 · €1.1m+€131,959
Cash
€192,409
2024 · €46,524+€145,885
Balance sheet total
€3.5m
2024 · €3.5m-€39,294
Largest movements
Assets
- Cash +€145,885
up €145,885 (+313.6%), from €46,524 to €192,409
mainly Net result for the year (+€147,959) and Depreciation (+€127,266)
- Tangible fixed assets -€127,266
down €127,266 (-4.3%), from €2.9m to €2.8m
of which Land and buildings: -€124,026
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
Equity and liabilities
- Debts after one year -€182,336
down €182,336 (-8.0%), from €2.3m to €2.1m
- Reserves +€131,959
up €131,959 (+15.1%), from €876,005 to €1.0m
of which Distributable reserves: +€135,959
Income statement
- Gross operating margin +€21,211
up €21,211 (+5.5%), from €387,881 to €409,092
- Taxes +€4,907
up €4,907 (+9.8%), from €49,984 to €54,891
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.
Result 2024
€128,777
Gross operating margin
+€21,211
Staff costs
+€3,381
Depreciation
+€759
Other operating charges
-€3,803
Financial income
+€2,160
Financial charges
+€382
Taxes
-€4,907
Result 2025
€147,959
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.
From operations
+€289,979
Investment
+€50,000
Financing
-€194,094
Cash 2024
€46,524
From operations (derived)
+€289,979
Net result for the year
+€147,959
Depreciation
+€127,266
Stocks and contracts
+€7,252
Receivables within one year
-€5,554
Deferred charges and accrued income
+€6,215
Provisions
-€1,000
Trade debts
-€5,767
Tax, wage and social debts
+€20,573
Advances received
+€33
Accrued charges and deferred income
-€6,998
Investment (derived)
+€50,000
Current investments
+€50,000
Financing
-€194,094
Debts after one year
-€182,336
Current portion of long-term debt
+€4,242
Contributions, distributions and other
-€16,000
Cash 2025
€192,409
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,541,440 | €3,502,147 | -€39,294 | -1.1% |
| Fixed assets | 21/28 | €3,205,677 | €3,078,411 | -€127,266 | -4.0% |
| Tangible fixed assets | 22/27 | €2,930,552 | €2,803,286 | -€127,266 | -4.3% |
| Land and buildings | 22 | €2,925,458 | €2,801,431 | -€124,026 | -4.2% |
| Plant, machinery and equipment | 23 | €4,964 | €1,854 | -€3,110 | -62.6% |
| Furniture and vehicles | 24 | €130 | €0 | -€130 | -100.0% |
| Financial fixed assets | 28 | €275,125 | €275,125 | = | 0.0% |
| Current assets | 29/58 | €335,764 | €423,736 | +€87,973 | +26.2% |
| Stocks and contracts in progress | 3 | €18,511 | €11,259 | -€7,252 | -39.2% |
| Stocks | 30/36 | €18,511 | €11,259 | -€7,252 | -39.2% |
| Amounts receivable within one year | 40/41 | €131,302 | €136,856 | +€5,554 | +4.2% |
| Trade receivables | 40 | €29,251 | €17,393 | -€11,858 | -40.5% |
| Other amounts receivable | 41 | €102,051 | €119,463 | +€17,412 | +17.1% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €46,524 | €192,409 | +€145,885 | +313.6% |
| Deferred charges and accrued income | 490/1 | €39,426 | €33,212 | -€6,215 | -15.8% |
| Total equity and liabilities | 10/49 | €3,541,440 | €3,502,147 | -€39,294 | -1.1% |
| Equity | 10/15 | €1,076,005 | €1,207,965 | +€131,959 | +12.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €876,005 | €1,007,965 | +€131,959 | +15.1% |
| Tax-exempt reserves | 132 | €65,495 | €61,495 | -€4,000 | -6.1% |
| Distributable reserves | 133 | €810,510 | €946,469 | +€135,959 | +16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €16,374 | €15,374 | -€1,000 | -6.1% |
| Deferred taxes | 168 | €16,374 | €15,374 | -€1,000 | -6.1% |
| Amounts payable | 17/49 | €2,449,061 | €2,278,808 | -€170,253 | -7.0% |
| Amounts payable after more than one year | 17 | €2,265,953 | €2,083,617 | -€182,336 | -8.0% |
| Financial debts | 170/4 | €2,265,953 | €2,083,617 | -€182,336 | -8.0% |
| Amounts payable within one year | 42/48 | €174,537 | €193,618 | +€19,081 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €131,064 | €135,306 | +€4,242 | +3.2% |
| Trade debts | 44 | €13,366 | €7,599 | -€5,767 | -43.1% |
| Suppliers | 440/4 | €13,366 | €7,599 | -€5,767 | -43.1% |
| Advances received on contracts in progress | 46 | €909 | €942 | +€33 | +3.6% |
| Taxes, remuneration and social security | 45 | €29,199 | €49,771 | +€20,573 | +70.5% |
| Taxes | 450/3 | €28,809 | €48,729 | +€19,921 | +69.1% |
| Remuneration and social security | 454/9 | €390 | €1,042 | +€652 | +167.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €8,571 | €1,573 | -€6,998 | -81.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €47,229 | €43,848 | -€3,381 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,025 | €127,266 | -€759 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €19,124 | €22,926 | +€3,803 | +19.9% |
| Gross operating margin | 9900 | €387,881 | €409,092 | +€21,211 | +5.5% |
| Operating profit (loss) | 9901 | €193,503 | €215,051 | +€21,548 | +11.1% |
| Financial income | 75/76B | €27,321 | €29,481 | +€2,160 | +7.9% |
| Recurring financial income | 75 | €27,321 | €29,481 | +€2,160 | +7.9% |
| Financial charges | 65/66B | €43,064 | €42,682 | -€382 | -0.9% |
| Recurring financial charges | 65 | €43,064 | €42,682 | -€382 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €177,761 | €201,850 | +€24,089 | +13.6% |
| Transfer from deferred taxes | 780 | €1,000 | €1,000 | = | 0.0% |
| Income taxes | 67/77 | €49,984 | €54,891 | +€4,907 | +9.8% |
| Profit (loss) for the period | 9904 | €128,777 | €147,959 | +€19,182 | +14.9% |
| Transfer from tax-exempt reserves | 789 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €132,777 | €151,959 | +€19,182 | +14.4% |
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.