LINOBRA INVEST: what changed
LINOBRA INVEST
Largest movements
- Cash +€129,383
up €129,383 (+112%), from €115,015 to €244,398
mainly Net result for the year (+€186,686) and Receivables within one year (+€49,073)
- Receivables within one year -€49,073
down €49,073 (-65.1%), from €75,415 to €26,342
of which Other amounts receivable: -€52,002
- Deferred charges and accrued income -€23,984
down €23,984 (-57.0%), from €42,102 to €18,117
- Reserves +€122,138
up €122,138 (+13.8%), from €884,272 to €1.0m
- Debts after one year -€67,942
down €67,942 (-16.1%), from €421,182 to €353,240
- Tax, wage and social debts +€15,070
up €15,070 (+42.2%), from €35,707 to €50,776
of which Taxes: +€15,040
- Financial income +€88,909
up €88,909 (+144%), from €61,682 to €150,591
- Taxes +€7,593
up €7,593 (+29.6%), from €25,673 to €33,266
- Gross operating margin -€3,238
down €3,238 (-3.5%), from €92,096 to €88,859
- Financial charges -€1,767
down €1,767 (-9.1%), from €19,428 to €17,661
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,442,677 | €1,498,706 | +€56,029 | +3.9% |
| Fixed assets | 21/28 | €1,210,145 | €1,209,848 | -€297 | 0.0% |
| Tangible fixed assets | 22/27 | €297 | €0 | -€297 | -100% |
| Other tangible fixed assets | 26 | €297 | €0 | -€297 | -100% |
| Financial fixed assets | 28 | €1,209,848 | €1,209,848 | = | 0.0% |
| Current assets | 29/58 | €232,532 | €288,858 | +€56,326 | +24.2% |
| Amounts receivable within one year | 40/41 | €75,415 | €26,342 | -€49,073 | -65.1% |
| Trade receivables | 40 | €15,730 | €18,659 | +€2,929 | +18.6% |
| Other amounts receivable | 41 | €59,685 | €7,683 | -€52,002 | -87.1% |
| Cash at bank and in hand | 54/58 | €115,015 | €244,398 | +€129,383 | +112% |
| Deferred charges and accrued income | 490/1 | €42,102 | €18,117 | -€23,984 | -57.0% |
| Total equity and liabilities | 10/49 | €1,442,677 | €1,498,706 | +€56,029 | +3.9% |
| Equity | 10/15 | €902,872 | €1,025,010 | +€122,138 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €884,272 | €1,006,410 | +€122,138 | +13.8% |
| Distributable reserves | 133 | €884,272 | €1,006,410 | +€122,138 | +13.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €539,804 | €473,696 | -€66,108 | -12.2% |
| Amounts payable after more than one year | 17 | €421,182 | €353,240 | -€67,942 | -16.1% |
| Financial debts | 170/4 | €421,182 | €353,240 | -€67,942 | -16.1% |
| Amounts payable within one year | 42/48 | €111,920 | €120,456 | +€8,536 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €75,924 | €67,942 | -€7,982 | -10.5% |
| Trade debts | 44 | €289 | €1,661 | +€1,372 | +475% |
| Suppliers | 440/4 | €289 | €1,661 | +€1,372 | +475% |
| Taxes, remuneration and social security | 45 | €35,707 | €50,776 | +€15,070 | +42.2% |
| Taxes | 450/3 | €32,166 | €47,206 | +€15,040 | +46.8% |
| Remuneration and social security | 454/9 | €3,541 | €3,571 | +€30 | +0.8% |
| Other amounts payable | 47/48 | - | €76 | +€76 | |
| Accrued charges and deferred income | 492/3 | €6,702 | €0 | -€6,702 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €297 | -€187 | -38.6% |
| Other operating charges | 640/8 | €1,013 | €1,540 | +€527 | +52.0% |
| Gross operating margin | 9900 | €92,096 | €88,859 | -€3,238 | -3.5% |
| Operating profit (loss) | 9901 | €90,599 | €87,021 | -€3,578 | -3.9% |
| Financial income | 75/76B | €61,682 | €150,591 | +€88,909 | +144% |
| Recurring financial income | 75 | €61,682 | €150,591 | +€88,909 | +144% |
| Financial charges | 65/66B | €19,428 | €17,661 | -€1,767 | -9.1% |
| Recurring financial charges | 65 | €19,428 | €17,661 | -€1,767 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €132,853 | €219,952 | +€87,099 | +65.6% |
| Income taxes | 67/77 | €25,673 | €33,266 | +€7,593 | +29.6% |
| Profit (loss) for the period | 9904 | €107,180 | €186,686 | +€79,506 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,180 | €186,686 | +€79,506 | +74.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.