LINOREX NG: 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.
LINOREX NG
Largest movements
- Cash -€69,587
down €69,587 (-24.1%), from €288,581 to €218,994
mainly Contributions, distributions and other (-€104,000) and Other debts (-€63,500)
- Tangible fixed assets +€42,357
up €42,357 (+148%), from €28,619 to €70,976
of which Plant, machinery and equipment: +€45,770
- Receivables within one year -€20,182
down €20,182 (-52.4%), from €38,552 to €18,370
of which Trade receivables: -€13,750
- Intangible fixed assets -€16,503
down €16,503 (-12.0%), from €137,464 to €120,961
- Other debts -€63,500
down €63,500 (-37.9%), from €167,500 to €104,000
- Advances received +€9,710
up €9,710 (+9.7%), from €99,978 to €109,687
- Tax, wage and social debts -€7,025
down €7,025 (-79.4%), from €8,844 to €1,819
of which Taxes: -€8,844
- Trade debts +€5,347
up €5,347 (+14.0%), from €38,299 to €43,646
- Gross operating margin -€158,326
down €158,326 (-36.2%), from €436,945 to €278,618
- Staff costs -€85,073
down €85,073 (-37.5%), from €227,109 to €142,036
- Depreciation -€24,531
down €24,531 (-48.1%), from €51,013 to €26,482
- Financial income -€16,568
down €16,568 (-74.0%), from €22,395 to €5,827
of which Financial income: -€17,468
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 | €519,452 | €465,050 | -€54,402 | -10.5% |
| Fixed assets | 21/28 | €166,083 | €191,937 | +€25,854 | +15.6% |
| Intangible fixed assets | 21 | €137,464 | €120,961 | -€16,503 | -12.0% |
| Tangible fixed assets | 22/27 | €28,619 | €70,976 | +€42,357 | +148% |
| Plant, machinery and equipment | 23 | €3,304 | €49,074 | +€45,770 | +1,385% |
| Furniture and vehicles | 24 | €22,995 | €19,581 | -€3,414 | -14.8% |
| Leasing and similar rights | 25 | €2,321 | €2,321 | = | 0.0% |
| Current assets | 29/58 | €353,369 | €273,113 | -€80,256 | -22.7% |
| Stocks and contracts in progress | 3 | €23,351 | €28,443 | +€5,092 | +21.8% |
| Stocks | 30/36 | €23,351 | €28,443 | +€5,092 | +21.8% |
| Amounts receivable within one year | 40/41 | €38,552 | €18,370 | -€20,182 | -52.4% |
| Trade receivables | 40 | €15,337 | €1,587 | -€13,750 | -89.7% |
| Other amounts receivable | 41 | €23,215 | €16,783 | -€6,432 | -27.7% |
| Cash at bank and in hand | 54/58 | €288,581 | €218,994 | -€69,587 | -24.1% |
| Deferred charges and accrued income | 490/1 | €2,885 | €7,306 | +€4,421 | +153% |
| Total equity and liabilities | 10/49 | €519,452 | €465,050 | -€54,402 | -10.5% |
| Equity | 10/15 | €204,831 | €205,898 | +€1,066 | +0.5% |
| Contributions | 10/11 | €5,005 | €5,005 | = | 0.0% |
| Reserves | 13 | €20,627 | €20,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,902 | €1,902 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,902 | €1,902 | = | 0.0% |
| Distributable reserves | 133 | €18,725 | €18,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,200 | €180,266 | +€1,066 | +0.6% |
| Amounts payable | 17/49 | €314,621 | €259,152 | -€55,469 | -17.6% |
| Amounts payable within one year | 42/48 | €314,621 | €259,152 | -€55,469 | -17.6% |
| Trade debts | 44 | €38,299 | €43,646 | +€5,347 | +14.0% |
| Suppliers | 440/4 | €38,299 | €43,646 | +€5,347 | +14.0% |
| Advances received on contracts in progress | 46 | €99,978 | €109,687 | +€9,710 | +9.7% |
| Taxes, remuneration and social security | 45 | €8,844 | €1,819 | -€7,025 | -79.4% |
| Taxes | 450/3 | €8,844 | - | -€8,844 | |
| Remuneration and social security | 454/9 | - | €1,819 | +€1,819 | |
| Other amounts payable | 47/48 | €167,500 | €104,000 | -€63,500 | -37.9% |
| Remuneration, social security and pensions | 62 | €227,109 | €142,036 | -€85,073 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,013 | €26,482 | -€24,531 | -48.1% |
| Other operating charges | 640/8 | €3,440 | €5,437 | +€1,997 | +58.1% |
| Non-recurring operating charges | 66A | €1,298 | €286 | -€1,012 | -78.0% |
| Gross operating margin | 9900 | €436,945 | €278,618 | -€158,326 | -36.2% |
| Operating profit (loss) | 9901 | €154,085 | €104,377 | -€49,707 | -32.3% |
| Financial income | 75/76B | €22,395 | €5,827 | -€16,568 | -74.0% |
| Recurring financial income | 75 | €22,395 | €4,927 | -€17,468 | -78.0% |
| Non-recurring financial income | 76B | - | €900 | +€900 | |
| Financial charges | 65/66B | €1,432 | €212 | -€1,220 | -85.2% |
| Recurring financial charges | 65 | €1,432 | €212 | -€1,220 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €175,048 | €109,993 | -€65,055 | -37.2% |
| Income taxes | 67/77 | €7,197 | €4,926 | -€2,270 | -31.5% |
| Profit (loss) for the period | 9904 | €167,851 | €105,066 | -€62,785 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €167,851 | €105,066 | -€62,785 | -37.4% |
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 31 October 2026 via checked.be.