LINO 105: 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.
LINO 105
Largest movements
- Cash +€156,450
up €156,450 (+231%), from €67,627 to €224,077
mainly Net result for the year (+€82,049) and Current investments (+€65,000)
- Current investments -€65,000
down €65,000 (-39.4%), from €165,000 to €100,000
- Tangible fixed assets -€23,948
down €23,948 (-25.9%), from €92,502 to €68,554
- Receivables within one year -€11,747
down €11,747 (-27.0%), from €43,557 to €31,810
of which Trade receivables: -€16,233
- Reserves +€82,049
up €82,049 (+33.1%), from €247,593 to €329,642
- Other debts -€58,685
no longer reported in 2025 (was €58,685)
- Tax, wage and social debts +€32,295
up €32,295 (+54.1%), from €59,720 to €92,015
- Gross operating margin -€69,783
down €69,783 (-34.2%), from €204,282 to €134,499
- Taxes -€22,098
down €22,098 (-40.7%), from €54,327 to €32,229
- Financial income +€3,250
up €3,250 (+128%), from €2,548 to €5,798
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 | €368,686 | €424,441 | +€55,756 | +15.1% |
| Fixed assets | 21/28 | €92,502 | €68,554 | -€23,948 | -25.9% |
| Tangible fixed assets | 22/27 | €92,502 | €68,554 | -€23,948 | -25.9% |
| Furniture and vehicles | 24 | €92,502 | €68,554 | -€23,948 | -25.9% |
| Current assets | 29/58 | €276,184 | €355,887 | +€79,703 | +28.9% |
| Amounts receivable within one year | 40/41 | €43,557 | €31,810 | -€11,747 | -27.0% |
| Trade receivables | 40 | €38,822 | €22,589 | -€16,233 | -41.8% |
| Other amounts receivable | 41 | €4,735 | €9,221 | +€4,486 | +94.7% |
| Current investments | 50/53 | €165,000 | €100,000 | -€65,000 | -39.4% |
| Cash at bank and in hand | 54/58 | €67,627 | €224,077 | +€156,450 | +231% |
| Total equity and liabilities | 10/49 | €368,686 | €424,441 | +€55,756 | +15.1% |
| Equity | 10/15 | €250,093 | €332,142 | +€82,049 | +32.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €247,593 | €329,642 | +€82,049 | +33.1% |
| Distributable reserves | 133 | €247,593 | €329,642 | +€82,049 | +33.1% |
| Amounts payable | 17/49 | €118,592 | €92,299 | -€26,294 | -22.2% |
| Amounts payable within one year | 42/48 | €118,592 | €92,299 | -€26,294 | -22.2% |
| Trade debts | 44 | €188 | €283 | +€96 | +51.2% |
| Suppliers | 440/4 | €188 | €283 | +€96 | +51.2% |
| Taxes, remuneration and social security | 45 | €59,720 | €92,015 | +€32,295 | +54.1% |
| Taxes | 450/3 | €59,720 | €92,015 | +€32,295 | +54.1% |
| Other amounts payable | 47/48 | €58,685 | - | -€58,685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,000 | €23,948 | +€1,947 | +8.9% |
| Other operating charges | 640/8 | €794 | €2,028 | +€1,234 | +155% |
| Gross operating margin | 9900 | €204,282 | €134,499 | -€69,783 | -34.2% |
| Operating profit (loss) | 9901 | €181,487 | €108,524 | -€72,964 | -40.2% |
| Financial income | 75/76B | €2,548 | €5,798 | +€3,250 | +128% |
| Recurring financial income | 75 | €2,548 | €5,798 | +€3,250 | +128% |
| Financial charges | 65/66B | €44 | €44 | = | 0.0% |
| Recurring financial charges | 65 | €44 | €44 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €183,992 | €114,279 | -€69,714 | -37.9% |
| Income taxes | 67/77 | €54,327 | €32,229 | -€22,098 | -40.7% |
| Profit (loss) for the period | 9904 | €129,665 | €82,049 | -€47,616 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €129,665 | €82,049 | -€47,616 | -36.7% |
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 20 October 2026 via checked.be.