Linox: 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.
Linox
Largest movements
- Tangible fixed assets -€14,339
down €14,339 (-39.4%), from €36,378 to €22,039
of which Furniture and vehicles: -€11,890
- Cash -€2,355
down €2,355 (-5.3%), from €44,604 to €42,249
mainly Contributions, distributions and other (-€11,765) and Trade debts (-€9,010)
- Receivables within one year -€1,589
down €1,589 (-13.2%), from €12,050 to €10,460
of which Trade receivables: -€2,854
- Stocks and contracts -€1,140
down €1,140 (-27.4%), from €4,163 to €3,023
- Other debts +€10,134
up €10,134 (+330.5%), from €3,066 to €13,200
- Trade debts -€9,010
down €9,010 (-50.0%), from €18,033 to €9,023
- Debts after one year -€8,578
no longer reported in 2025 (was €8,578)
- Current portion of long-term debt -€7,041
down €7,041 (-38.8%), from €18,140 to €11,099
- Tax, wage and social debts -€6,096
down €6,096 (-52.9%), from €11,534 to €5,438
of which Taxes: -€6,101
- Gross operating margin -€15,576
down €15,576 (-30.3%), from €51,358 to €35,781
- Depreciation -€3,167
down €3,167 (-16.2%), from €19,606 to €16,439
- Taxes -€2,725
down €2,725 (-40.9%), from €6,668 to €3,943
- Write-downs +€520
new in 2025: €520
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 | €101,584 | €81,279 | -€20,306 | -20.0% |
| Fixed assets | 21/28 | €36,378 | €22,039 | -€14,339 | -39.4% |
| Tangible fixed assets | 22/27 | €36,378 | €22,039 | -€14,339 | -39.4% |
| Land and buildings | 22 | €17,693 | €14,902 | -€2,791 | -15.8% |
| Plant, machinery and equipment | 23 | €4,607 | €4,949 | +€341 | +7.4% |
| Furniture and vehicles | 24 | €14,078 | €2,188 | -€11,890 | -84.5% |
| Current assets | 29/58 | €65,206 | €59,240 | -€5,966 | -9.2% |
| Stocks and contracts in progress | 3 | €4,163 | €3,023 | -€1,140 | -27.4% |
| Stocks | 30/36 | €4,163 | €3,023 | -€1,140 | -27.4% |
| Amounts receivable within one year | 40/41 | €12,050 | €10,460 | -€1,589 | -13.2% |
| Trade receivables | 40 | €11,032 | €8,178 | -€2,854 | -25.9% |
| Other amounts receivable | 41 | €1,017 | €2,283 | +€1,265 | +124.3% |
| Cash at bank and in hand | 54/58 | €44,604 | €42,249 | -€2,355 | -5.3% |
| Deferred charges and accrued income | 490/1 | €4,390 | €3,507 | -€883 | -20.1% |
| Total equity and liabilities | 10/49 | €101,584 | €81,279 | -€20,306 | -20.0% |
| Equity | 10/15 | €42,233 | €42,518 | +€285 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,633 | €23,918 | +€285 | +1.2% |
| Tax-exempt reserves | 132 | €234 | €234 | = | 0.0% |
| Distributable reserves | 133 | €23,399 | €23,684 | +€285 | +1.2% |
| Amounts payable | 17/49 | €59,351 | €38,761 | -€20,591 | -34.7% |
| Amounts payable after more than one year | 17 | €8,578 | - | -€8,578 | |
| Financial debts | 170/4 | €8,578 | - | -€8,578 | |
| Amounts payable within one year | 42/48 | €50,773 | €38,761 | -€12,013 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €18,140 | €11,099 | -€7,041 | -38.8% |
| Trade debts | 44 | €18,033 | €9,023 | -€9,010 | -50.0% |
| Suppliers | 440/4 | €18,033 | €9,023 | -€9,010 | -50.0% |
| Taxes, remuneration and social security | 45 | €11,534 | €5,438 | -€6,096 | -52.9% |
| Taxes | 450/3 | €9,317 | €3,216 | -€6,101 | -65.5% |
| Remuneration and social security | 454/9 | €2,218 | €2,222 | +€4 | +0.2% |
| Other amounts payable | 47/48 | €3,066 | €13,200 | +€10,134 | +330.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,606 | €16,439 | -€3,167 | -16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €520 | +€520 | |
| Other operating charges | 640/8 | €559 | €732 | +€173 | +31.0% |
| Gross operating margin | 9900 | €51,358 | €35,781 | -€15,576 | -30.3% |
| Operating profit (loss) | 9901 | €31,193 | €18,090 | -€13,103 | -42.0% |
| Financial income | 75/76B | €107 | €18 | -€90 | -83.6% |
| Recurring financial income | 75 | €107 | €18 | -€90 | -83.6% |
| Financial charges | 65/66B | €2,375 | €2,115 | -€260 | -10.9% |
| Recurring financial charges | 65 | €2,375 | €2,115 | -€260 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €28,925 | €15,992 | -€12,933 | -44.7% |
| Income taxes | 67/77 | €6,668 | €3,943 | -€2,725 | -40.9% |
| Profit (loss) for the period | 9904 | €22,257 | €12,049 | -€10,208 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,257 | €12,049 | -€10,208 | -45.9% |
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 5 October 2026 via checked.be.