LINNEA: 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.
LINNEA
Largest movements
- Tangible fixed assets -€13,634
down €13,634 (-5.1%), from €264,975 to €251,341
of which Land and buildings: -€10,264
- Cash +€8,851
up €8,851 (+4.5%), from €196,314 to €205,165
mainly Net result for the year (+€27,329) and Depreciation (+€13,634)
- Tax, wage and social debts -€24,862
down €24,862 (-73.1%), from €33,997 to €9,135
of which Taxes: -€24,875
- Debts after one year -€22,617
down €22,617 (-15.0%), from €151,136 to €128,519
- Profit (loss) carried forward +€15,103
no longer reported in 2025 (was -€15,103)
- Reserves +€12,225
up €12,225 (+3.1%), from €390,039 to €402,264
- Current portion of long-term debt +€11,570
up €11,570 (+105%), from €11,047 to €22,617
- Gross operating margin +€48,726
up €48,726 (+757%), from €6,438 to €55,164
- Taxes +€6,568
up €6,568 (+2,757%), from €238 to €6,806
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 | €585,757 | €576,846 | -€8,910 | -1.5% |
| Fixed assets | 21/28 | €264,975 | €251,341 | -€13,634 | -5.1% |
| Tangible fixed assets | 22/27 | €264,975 | €251,341 | -€13,634 | -5.1% |
| Land and buildings | 22 | €253,972 | €243,709 | -€10,264 | -4.0% |
| Plant, machinery and equipment | 23 | €4,335 | €3,604 | -€730 | -16.8% |
| Furniture and vehicles | 24 | €6,669 | €4,028 | -€2,640 | -39.6% |
| Current assets | 29/58 | €320,781 | €325,505 | +€4,724 | +1.5% |
| Amounts receivable within one year | 40/41 | €23,413 | €19,316 | -€4,097 | -17.5% |
| Trade receivables | 40 | €5,776 | €15,120 | +€9,344 | +162% |
| Other amounts receivable | 41 | €17,636 | €4,196 | -€13,440 | -76.2% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €196,314 | €205,165 | +€8,851 | +4.5% |
| Deferred charges and accrued income | 490/1 | €1,055 | €1,024 | -€31 | -2.9% |
| Total equity and liabilities | 10/49 | €585,757 | €576,846 | -€8,910 | -1.5% |
| Equity | 10/15 | €387,336 | €414,664 | +€27,329 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €390,039 | €402,264 | +€12,225 | +3.1% |
| Distributable reserves | 133 | €390,039 | €402,264 | +€12,225 | +3.1% |
| Profit (loss) carried forward | 14 | -€15,103 | - | +€15,103 | |
| Amounts payable | 17/49 | €198,421 | €162,182 | -€36,239 | -18.3% |
| Amounts payable after more than one year | 17 | €151,136 | €128,519 | -€22,617 | -15.0% |
| Financial debts | 170/4 | €151,136 | €128,519 | -€22,617 | -15.0% |
| Amounts payable within one year | 42/48 | €47,085 | €33,463 | -€13,622 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €11,047 | €22,617 | +€11,570 | +105% |
| Trade debts | 44 | €2,040 | €1,711 | -€329 | -16.1% |
| Suppliers | 440/4 | €2,040 | €1,711 | -€329 | -16.1% |
| Taxes, remuneration and social security | 45 | €33,997 | €9,135 | -€24,862 | -73.1% |
| Taxes | 450/3 | €31,681 | €6,806 | -€24,875 | -78.5% |
| Remuneration and social security | 454/9 | €2,316 | €2,328 | +€12 | +0.5% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,667 | €13,634 | -€33 | -0.2% |
| Other operating charges | 640/8 | €3,503 | €3,543 | +€40 | +1.1% |
| Gross operating margin | 9900 | €6,438 | €55,164 | +€48,726 | +757% |
| Operating profit (loss) | 9901 | -€10,732 | €37,986 | +€48,719 | |
| Financial income | 75/76B | €20 | €25 | +€5 | +24.9% |
| Recurring financial income | 75 | €20 | €25 | +€5 | +24.9% |
| Financial charges | 65/66B | €4,153 | €3,876 | -€276 | -6.7% |
| Recurring financial charges | 65 | €4,153 | €3,876 | -€276 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,865 | €34,135 | +€49,000 | |
| Income taxes | 67/77 | €238 | €6,806 | +€6,568 | +2,757% |
| Profit (loss) for the period | 9904 | -€15,103 | €27,329 | +€42,432 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,103 | €27,329 | +€42,432 |
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.