Linnico: 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.
Linnico
Largest movements
- Stocks and contracts +€14,655
up €14,655 (+14.5%), from €101,379 to €116,034
- Tangible fixed assets -€9,733
down €9,733 (-6.1%), from €159,831 to €150,098
of which Land and buildings: -€8,793
- Debts after one year -€19,823
down €19,823 (-11.4%), from €174,296 to €154,473
- Trade debts +€18,819
up €18,819 (+102.8%), from €18,313 to €37,132
- Short-term financial debts +€3,626
up €3,626 (+16.1%), from €22,571 to €26,198
- Other debts -€3,121
down €3,121 (-16.7%), from €18,682 to €15,561
- Gross operating margin +€5,310
up €5,310 (+19.6%), from €27,051 to €32,360
- Staff costs +€1,447
up €1,447 (+25.1%), from €5,757 to €7,204
- Financial charges +€1,168
up €1,168 (+16.4%), from €7,124 to €8,292
- Taxes +€500
up €500 (+177.1%), from €282 to €783
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 | €284,228 | €287,287 | +€3,059 | +1.1% |
| Fixed assets | 21/28 | €177,345 | €165,338 | -€12,008 | -6.8% |
| Intangible fixed assets | 21 | €17,514 | €15,239 | -€2,275 | -13.0% |
| Tangible fixed assets | 22/27 | €159,831 | €150,098 | -€9,733 | -6.1% |
| Land and buildings | 22 | €155,761 | €146,968 | -€8,793 | -5.6% |
| Plant, machinery and equipment | 23 | €2,901 | €1,970 | -€931 | -32.1% |
| Furniture and vehicles | 24 | €1,169 | €1,160 | -€9 | -0.8% |
| Current assets | 29/58 | €106,883 | €121,949 | +€15,067 | +14.1% |
| Stocks and contracts in progress | 3 | €101,379 | €116,034 | +€14,655 | +14.5% |
| Stocks | 30/36 | €101,379 | €116,034 | +€14,655 | +14.5% |
| Amounts receivable within one year | 40/41 | €3,241 | €3,807 | +€566 | +17.5% |
| Trade receivables | 40 | €1,976 | €2,477 | +€501 | +25.3% |
| Other amounts receivable | 41 | €1,265 | €1,330 | +€66 | +5.2% |
| Cash at bank and in hand | 54/58 | €1,738 | €596 | -€1,142 | -65.7% |
| Deferred charges and accrued income | 490/1 | €525 | €1,512 | +€987 | +188.2% |
| Total equity and liabilities | 10/49 | €284,228 | €287,287 | +€3,059 | +1.1% |
| Equity | 10/15 | €11,027 | €13,053 | +€2,027 | +18.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,027 | €3,053 | +€2,027 | +197.4% |
| Amounts payable | 17/49 | €273,201 | €274,234 | +€1,032 | +0.4% |
| Amounts payable after more than one year | 17 | €174,296 | €154,473 | -€19,823 | -11.4% |
| Financial debts | 170/4 | €174,296 | €154,473 | -€19,823 | -11.4% |
| Amounts payable within one year | 42/48 | €98,906 | €119,761 | +€20,855 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €19,273 | €19,823 | +€550 | +2.9% |
| Financial debts | 43 | €22,571 | €26,198 | +€3,626 | +16.1% |
| Credit institutions | 430/8 | €22,571 | €26,198 | +€3,626 | +16.1% |
| Trade debts | 44 | €18,313 | €37,132 | +€18,819 | +102.8% |
| Suppliers | 440/4 | €18,313 | €37,132 | +€18,819 | +102.8% |
| Advances received on contracts in progress | 46 | €9,674 | €11,452 | +€1,778 | +18.4% |
| Taxes, remuneration and social security | 45 | €10,393 | €9,596 | -€797 | -7.7% |
| Taxes | 450/3 | €9,921 | €9,494 | -€427 | -4.3% |
| Remuneration and social security | 454/9 | €472 | €102 | -€370 | -78.4% |
| Other amounts payable | 47/48 | €18,682 | €15,561 | -€3,121 | -16.7% |
| Remuneration, social security and pensions | 62 | €5,757 | €7,204 | +€1,447 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,424 | €12,470 | +€46 | +0.4% |
| Other operating charges | 640/8 | €1,578 | €1,627 | +€49 | +3.1% |
| Gross operating margin | 9900 | €27,051 | €32,360 | +€5,310 | +19.6% |
| Operating profit (loss) | 9901 | €7,292 | €11,059 | +€3,768 | +51.7% |
| Financial income | 75/76B | €0 | €42 | +€42 | |
| Recurring financial income | 75 | €0 | €42 | +€42 | |
| Financial charges | 65/66B | €7,124 | €8,292 | +€1,168 | +16.4% |
| Recurring financial charges | 65 | €7,124 | €8,292 | +€1,168 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €168 | €2,809 | +€2,642 | +1574.0% |
| Income taxes | 67/77 | €282 | €783 | +€500 | +177.1% |
| Profit (loss) for the period | 9904 | -€115 | €2,027 | +€2,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€115 | €2,027 | +€2,141 |
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.