LINO: 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.
LINO
Largest movements
- Receivables within one year +€137,775
up €137,775 (+66.5%), from €207,142 to €344,918
of which Other amounts receivable: +€152,291
- Cash +€23,305
up €23,305 (+389.0%), from €5,991 to €29,296
mainly Net result for the year (+€209,680) and Other debts (+€100,568)
- Profit (loss) carried forward +€209,680
up €209,680 (+80.1%), from -€261,622 to -€51,942
- Trade debts -€111,111
down €111,111 (-93.3%), from €119,049 to €7,938
- Other debts +€100,568
up €100,568 (+485.5%), from €20,714 to €121,281
- Debts after one year -€97,294
down €97,294 (-56.7%), from €171,543 to €74,249
- Tax, wage and social debts +€56,961
up €56,961 (+288.4%), from €19,749 to €76,710
of which Taxes: +€64,120
- Gross operating margin +€134,600
up €134,600 (+50.7%), from €265,578 to €400,178
- Other operating charges -€105,184
down €105,184 (-99.0%), from €106,293 to €1,109
- Taxes +€58,882
up €58,882 (+2138.6%), from €2,753 to €61,635
- Staff costs -€53,237
down €53,237 (-31.3%), from €170,099 to €116,861
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 | €222,544 | €381,347 | +€158,803 | +71.4% |
| Fixed assets | 21/28 | €2,938 | €1,937 | -€1,002 | -34.1% |
| Tangible fixed assets | 22/27 | €2,938 | €1,937 | -€1,002 | -34.1% |
| Plant, machinery and equipment | 23 | €852 | - | -€852 | |
| Furniture and vehicles | 24 | €150 | - | -€150 | |
| Other tangible fixed assets | 26 | €1,937 | €1,937 | = | 0.0% |
| Current assets | 29/58 | €219,606 | €379,411 | +€159,805 | +72.8% |
| Amounts receivable within one year | 40/41 | €207,142 | €344,918 | +€137,775 | +66.5% |
| Trade receivables | 40 | €121,492 | €106,977 | -€14,516 | -11.9% |
| Other amounts receivable | 41 | €85,650 | €237,941 | +€152,291 | +177.8% |
| Cash at bank and in hand | 54/58 | €5,991 | €29,296 | +€23,305 | +389.0% |
| Deferred charges and accrued income | 490/1 | €6,472 | €5,197 | -€1,275 | -19.7% |
| Total equity and liabilities | 10/49 | €222,544 | €381,347 | +€158,803 | +71.4% |
| Equity | 10/15 | -€108,510 | €101,170 | +€209,680 | |
| Contributions | 10/11 | €139,193 | €139,193 | = | 0.0% |
| Reserves | 13 | €13,919 | €13,919 | = | 0.0% |
| Distributable reserves | 133 | €13,919 | €13,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,622 | -€51,942 | +€209,680 | +80.1% |
| Amounts payable | 17/49 | €331,054 | €280,177 | -€50,877 | -15.4% |
| Amounts payable after more than one year | 17 | €171,543 | €74,249 | -€97,294 | -56.7% |
| Financial debts | 170/4 | €171,543 | €74,249 | -€97,294 | -56.7% |
| Amounts payable within one year | 42/48 | €159,511 | €205,929 | +€46,417 | +29.1% |
| Trade debts | 44 | €119,049 | €7,938 | -€111,111 | -93.3% |
| Suppliers | 440/4 | €119,049 | €7,938 | -€111,111 | -93.3% |
| Taxes, remuneration and social security | 45 | €19,749 | €76,710 | +€56,961 | +288.4% |
| Taxes | 450/3 | €4,458 | €68,578 | +€64,120 | +1438.3% |
| Remuneration and social security | 454/9 | €15,291 | €8,132 | -€7,159 | -46.8% |
| Other amounts payable | 47/48 | €20,714 | €121,281 | +€100,568 | +485.5% |
| Non-recurring operating income | 76A | €30,622 | €35,550 | +€4,929 | +16.1% |
| Remuneration, social security and pensions | 62 | €170,099 | €116,861 | -€53,237 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,485 | €1,002 | -€1,483 | -59.7% |
| Other operating charges | 640/8 | €106,293 | €1,109 | -€105,184 | -99.0% |
| Gross operating margin | 9900 | €265,578 | €400,178 | +€134,600 | +50.7% |
| Operating profit (loss) | 9901 | -€13,298 | €281,206 | +€294,504 | |
| Financial income | 75/76B | - | €1,249 | +€1,249 | |
| Recurring financial income | 75 | - | €1,249 | +€1,249 | |
| Financial charges | 65/66B | €11,466 | €11,140 | -€326 | -2.8% |
| Recurring financial charges | 65 | €11,466 | €11,140 | -€326 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,764 | €271,315 | +€296,079 | |
| Income taxes | 67/77 | €2,753 | €61,635 | +€58,882 | +2138.6% |
| Profit (loss) for the period | 9904 | -€27,517 | €209,680 | +€237,197 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,517 | €209,680 | +€237,197 |
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 3 October 2026 via checked.be.