LINUGEN: 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.
LINUGEN
Largest movements
- Current investments +€160,612
up €160,612 (+160.6%), from €99,999 to €260,611
- Cash -€147,119
down €147,119 (-82.9%), from €177,530 to €30,411
mainly Current investments (-€160,612) and Contributions, distributions and other (-€71,328)
- Financial fixed assets -€30,000
down €30,000 (-99.7%), from €30,085 to €85
- Receivables within one year -€24,611
down €24,611 (-80.1%), from €30,715 to €6,104
of which Other amounts receivable: -€16,126
- Reserves -€38,509
down €38,509 (-12.4%), from €310,422 to €271,912
of which Distributable reserves: -€36,649
- Gross operating margin -€10,164
down €10,164 (-15.9%), from €63,853 to €53,690
- Depreciation -€3,737
down €3,737 (-43.8%), from €8,528 to €4,791
- Taxes +€3,633
up €3,633 (+29.3%), from €12,410 to €16,043
- Other operating charges -€2,782
down €2,782 (-82.6%), from €3,368 to €585
- Financial income +€954
up €954 (+139.5%), from €684 to €1,639
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 | €351,365 | €309,000 | -€42,365 | -12.1% |
| Fixed assets | 21/28 | €42,846 | €9,749 | -€33,097 | -77.2% |
| Tangible fixed assets | 22/27 | €12,761 | €9,664 | -€3,097 | -24.3% |
| Land and buildings | 22 | €10,631 | €6,915 | -€3,716 | -35.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,130 | €2,749 | +€619 | +29.1% |
| Financial fixed assets | 28 | €30,085 | €85 | -€30,000 | -99.7% |
| Current assets | 29/58 | €308,518 | €299,250 | -€9,268 | -3.0% |
| Amounts receivable within one year | 40/41 | €30,715 | €6,104 | -€24,611 | -80.1% |
| Trade receivables | 40 | €9,334 | €849 | -€8,485 | -90.9% |
| Other amounts receivable | 41 | €21,381 | €5,255 | -€16,126 | -75.4% |
| Current investments | 50/53 | €99,999 | €260,611 | +€160,612 | +160.6% |
| Cash at bank and in hand | 54/58 | €177,530 | €30,411 | -€147,119 | -82.9% |
| Deferred charges and accrued income | 490/1 | €274 | €2,125 | +€1,851 | +675.5% |
| Total equity and liabilities | 10/49 | €351,365 | €309,000 | -€42,365 | -12.1% |
| Equity | 10/15 | €322,816 | €284,307 | -€38,509 | -11.9% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €310,422 | €271,912 | -€38,509 | -12.4% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €308,562 | €271,912 | -€36,649 | -11.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,548 | €24,693 | -€3,856 | -13.5% |
| Amounts payable within one year | 42/48 | €28,338 | €24,693 | -€3,646 | -12.9% |
| Financial debts | 43 | - | €107 | +€107 | |
| Credit institutions | 430/8 | - | €107 | +€107 | |
| Trade debts | 44 | €5,534 | €2,198 | -€3,336 | -60.3% |
| Suppliers | 440/4 | €5,534 | €2,198 | -€3,336 | -60.3% |
| Taxes, remuneration and social security | 45 | €22,805 | €22,388 | -€416 | -1.8% |
| Taxes | 450/3 | €21,305 | €22,388 | +€1,084 | +5.1% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Accrued charges and deferred income | 492/3 | €210 | €0 | -€210 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,528 | €4,791 | -€3,737 | -43.8% |
| Other operating charges | 640/8 | €3,368 | €585 | -€2,782 | -82.6% |
| Gross operating margin | 9900 | €63,853 | €53,690 | -€10,164 | -15.9% |
| Operating profit (loss) | 9901 | €51,957 | €48,313 | -€3,645 | -7.0% |
| Financial income | 75/76B | €684 | €1,639 | +€954 | +139.5% |
| Recurring financial income | 75 | €684 | €1,639 | +€954 | +139.5% |
| Financial charges | 65/66B | €1,260 | €1,090 | -€170 | -13.5% |
| Recurring financial charges | 65 | €1,260 | €1,090 | -€170 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €51,381 | €48,862 | -€2,520 | -4.9% |
| Income taxes | 67/77 | €12,410 | €16,043 | +€3,633 | +29.3% |
| Profit (loss) for the period | 9904 | €38,972 | €32,818 | -€6,153 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,972 | €32,818 | -€6,153 | -15.8% |
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 6 October 2026 via checked.be.