LINUM: 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.
LINUM
Largest movements
- Current investments +€2.0m
new in 2025: €2.0m
- Financial fixed assets -€943,028
down €943,028 (-48.0%), from €2.0m to €1.0m
- Cash -€84,634
down €84,634 (-78.2%), from €108,251 to €23,617
mainly Current investments (-€2.0m) and Contributions, distributions and other (-€415,500)
- Reserves +€951,248
up €951,248 (+53.1%), from €1.8m to €2.7m
- Tax, wage and social debts +€126,626
up €126,626 (+1613.1%), from €7,850 to €134,476
- Contributions -€85,500
down €85,500 (-30.0%), from €285,454 to €199,954
- Gross operating margin +€1.3m
up €1.3m (+1176.2%), from €110,545 to €1.4m
- Taxes +€111,996
up €111,996 (+382.1%), from €29,309 to €141,305
- Financial income +€16,453
up €16,453 (+59936.7%), from €27 to €16,480
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 | €2,087,933 | €3,079,905 | +€991,972 | +47.5% |
| Fixed assets | 21/28 | €1,975,509 | €1,033,716 | -€941,793 | -47.7% |
| Tangible fixed assets | 22/27 | €11,238 | €12,473 | +€1,235 | +11.0% |
| Land and buildings | 22 | €8,964 | €8,744 | -€219 | -2.4% |
| Plant, machinery and equipment | 23 | €1,355 | €678 | -€678 | -50.0% |
| Furniture and vehicles | 24 | €920 | €3,052 | +€2,132 | +231.9% |
| Financial fixed assets | 28 | €1,964,271 | €1,021,243 | -€943,028 | -48.0% |
| Current assets | 29/58 | €112,424 | €2,046,189 | +€1.9m | +1720.1% |
| Amounts receivable within one year | 40/41 | €3,457 | €18,799 | +€15,342 | +443.8% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €3,457 | €6,699 | +€3,242 | +93.8% |
| Current investments | 50/53 | - | €2,003,773 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €108,251 | €23,617 | -€84,634 | -78.2% |
| Deferred charges and accrued income | 490/1 | €716 | €0 | -€716 | -100.0% |
| Total equity and liabilities | 10/49 | €2,087,933 | €3,079,905 | +€991,972 | +47.5% |
| Equity | 10/15 | €2,077,997 | €2,943,745 | +€865,748 | +41.7% |
| Contributions | 10/11 | €285,454 | €199,954 | -€85,500 | -30.0% |
| Reserves | 13 | €1,792,543 | €2,743,791 | +€951,248 | +53.1% |
| Distributable reserves | 133 | €1,792,543 | €2,743,791 | +€951,248 | +53.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,936 | €136,160 | +€126,224 | +1270.4% |
| Amounts payable within one year | 42/48 | €9,936 | €136,160 | +€126,224 | +1270.4% |
| Trade debts | 44 | €1,518 | €1,115 | -€402 | -26.5% |
| Suppliers | 440/4 | €1,518 | €1,115 | -€402 | -26.5% |
| Taxes, remuneration and social security | 45 | €7,850 | €134,476 | +€126,626 | +1613.1% |
| Taxes | 450/3 | €7,850 | €134,476 | +€126,626 | +1613.1% |
| Other amounts payable | 47/48 | €569 | €569 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,356,972 | +€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,676 | €2,123 | +€448 | +26.7% |
| Other operating charges | 640/8 | €1,445 | €1,776 | +€330 | +22.9% |
| Gross operating margin | 9900 | €110,545 | €1,410,718 | +€1.3m | +1176.2% |
| Operating profit (loss) | 9901 | €107,424 | €1,406,819 | +€1.3m | +1209.6% |
| Financial income | 75/76B | €27 | €16,480 | +€16,453 | +59936.7% |
| Recurring financial income | 75 | €27 | €16,480 | +€16,453 | +59936.7% |
| Financial charges | 65/66B | €615 | €746 | +€131 | +21.3% |
| Recurring financial charges | 65 | €615 | €746 | +€131 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €106,836 | €1,422,554 | +€1.3m | +1231.5% |
| Income taxes | 67/77 | €29,309 | €141,305 | +€111,996 | +382.1% |
| Profit (loss) for the period | 9904 | €77,527 | €1,281,248 | +€1.2m | +1552.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,527 | €1,281,248 | +€1.2m | +1552.6% |
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 8 October 2026 via checked.be.