LINUS DEMEULEMEESTER: 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.
LINUS DEMEULEMEESTER
Largest movements
- Receivables within one year -€38,213
down €38,213 (-69.7%), from €54,848 to €16,635
of which Other amounts receivable: -€37,913
- Tangible fixed assets -€4,387
down €4,387 (-27.8%), from €15,763 to €11,377
- Deferred charges and accrued income +€2,075
up €2,075 (+120%), from €1,723 to €3,797
- Profit (loss) carried forward -€48,089
down €48,089 (-97.9%), from €49,129 to €1,040
- Other debts +€11,090
new in 2025: €11,090
- Trade debts -€6,271
no longer reported in 2025 (was €6,271)
- Tax, wage and social debts +€1,512
up €1,512 (+5.5%), from €27,258 to €28,770
of which Taxes: +€1,512
- Depreciation -€7,301
down €7,301 (-48.4%), from €15,094 to €7,793
- Gross operating margin -€4,693
down €4,693 (-11.2%), from €41,909 to €37,216
- Financial income -€1,383
down €1,383 (-97.4%), from €1,420 to €37
- Taxes -€637
down €637 (-7.0%), from €9,128 to €8,491
- Financial charges -€524
down €524 (-55.6%), from €942 to €418
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 | €84,657 | €42,899 | -€41,758 | -49.3% |
| Fixed assets | 21/28 | €16,505 | €11,419 | -€5,087 | -30.8% |
| Intangible fixed assets | 21 | €742 | €42 | -€700 | -94.3% |
| Tangible fixed assets | 22/27 | €15,763 | €11,377 | -€4,387 | -27.8% |
| Land and buildings | 22 | €1,998 | €1,668 | -€330 | -16.5% |
| Plant, machinery and equipment | 23 | €4,489 | €2,773 | -€1,716 | -38.2% |
| Furniture and vehicles | 24 | €1,234 | €306 | -€929 | -75.2% |
| Other tangible fixed assets | 26 | €8,043 | €6,630 | -€1,413 | -17.6% |
| Current assets | 29/58 | €68,152 | €31,480 | -€36,672 | -53.8% |
| Amounts receivable within one year | 40/41 | €54,848 | €16,635 | -€38,213 | -69.7% |
| Trade receivables | 40 | €16,935 | €16,635 | -€300 | -1.8% |
| Other amounts receivable | 41 | €37,913 | - | -€37,913 | |
| Cash at bank and in hand | 54/58 | €11,581 | €11,048 | -€533 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,723 | €3,797 | +€2,075 | +120% |
| Total equity and liabilities | 10/49 | €84,657 | €42,899 | -€41,758 | -49.3% |
| Equity | 10/15 | €51,129 | €3,040 | -€48,089 | -94.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,129 | €1,040 | -€48,089 | -97.9% |
| Amounts payable | 17/49 | €33,529 | €39,860 | +€6,331 | +18.9% |
| Amounts payable within one year | 42/48 | €33,529 | €39,860 | +€6,331 | +18.9% |
| Trade debts | 44 | €6,271 | - | -€6,271 | |
| Suppliers | 440/4 | €6,271 | - | -€6,271 | |
| Taxes, remuneration and social security | 45 | €27,258 | €28,770 | +€1,512 | +5.5% |
| Taxes | 450/3 | €22,758 | €24,270 | +€1,512 | +6.6% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €11,090 | +€11,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,094 | €7,793 | -€7,301 | -48.4% |
| Other operating charges | 640/8 | €1,504 | €1,246 | -€258 | -17.1% |
| Gross operating margin | 9900 | €41,909 | €37,216 | -€4,693 | -11.2% |
| Operating profit (loss) | 9901 | €25,312 | €28,177 | +€2,866 | +11.3% |
| Financial income | 75/76B | €1,420 | €37 | -€1,383 | -97.4% |
| Recurring financial income | 75 | €1,420 | €37 | -€1,383 | -97.4% |
| Financial charges | 65/66B | €942 | €418 | -€524 | -55.6% |
| Recurring financial charges | 65 | €942 | €418 | -€524 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €25,789 | €27,796 | +€2,008 | +7.8% |
| Income taxes | 67/77 | €9,128 | €8,491 | -€637 | -7.0% |
| Profit (loss) for the period | 9904 | €16,661 | €19,306 | +€2,645 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,661 | €19,306 | +€2,645 | +15.9% |
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 17 October 2026 via checked.be.