LINUS: what changed
LINUS
Largest movements
- Current investments +€74,632
up €74,632 (+29.8%), from €250,201 to €324,834
- Receivables within one year +€50,988
up €50,988 (+121%), from €41,975 to €92,963
of which Trade receivables: +€44,731
- Tangible fixed assets -€23,689
down €23,689 (-24.1%), from €98,352 to €74,663
of which Furniture and vehicles: -€23,232
- Cash +€14,415
up €14,415 (+8.5%), from €169,747 to €184,162
mainly Net result for the year (+€157,214) and Tax, wage and social debts (+€106,418)
- Tax, wage and social debts +€106,418
up €106,418 (+102%), from €104,558 to €210,976
- Other debts +€17,329
up €17,329 (+28.0%), from €62,000 to €79,329
- Debts after one year -€9,988
down €9,988 (-38.7%), from €25,819 to €15,831
- Reserves +€8,913
up €8,913 (+1.9%), from €476,327 to €485,240
- Gross operating margin -€68,157
down €68,157 (-21.2%), from €321,284 to €253,127
- Taxes -€25,938
down €25,938 (-25.6%), from €101,279 to €75,341
- Depreciation +€7,810
up €7,810 (+49.2%), from €15,879 to €23,689
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €696,474 | €820,041 | +€123,568 | +17.7% |
| Fixed assets | 21/28 | €98,352 | €74,663 | -€23,689 | -24.1% |
| Tangible fixed assets | 22/27 | €98,352 | €74,663 | -€23,689 | -24.1% |
| Furniture and vehicles | 24 | €97,605 | €74,373 | -€23,232 | -23.8% |
| Other tangible fixed assets | 26 | €748 | €290 | -€458 | -61.2% |
| Current assets | 29/58 | €598,122 | €745,378 | +€147,257 | +24.6% |
| Amounts receivable after more than one year | 29 | €136,199 | €143,419 | +€7,220 | +5.3% |
| Other amounts receivable | 291 | €136,199 | €143,419 | +€7,220 | +5.3% |
| Amounts receivable within one year | 40/41 | €41,975 | €92,963 | +€50,988 | +121% |
| Trade receivables | 40 | €32,525 | €77,256 | +€44,731 | +138% |
| Other amounts receivable | 41 | €9,450 | €15,707 | +€6,257 | +66.2% |
| Current investments | 50/53 | €250,201 | €324,834 | +€74,632 | +29.8% |
| Cash at bank and in hand | 54/58 | €169,747 | €184,162 | +€14,415 | +8.5% |
| Total equity and liabilities | 10/49 | €696,474 | €820,041 | +€123,568 | +17.7% |
| Equity | 10/15 | €491,700 | €500,626 | +€8,926 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €476,327 | €485,240 | +€8,913 | +1.9% |
| Distributable reserves | 133 | €476,327 | €485,240 | +€8,913 | +1.9% |
| Profit (loss) carried forward | 14 | €2,973 | €2,986 | +€14 | +0.5% |
| Amounts payable | 17/49 | €204,773 | €319,415 | +€114,642 | +56.0% |
| Amounts payable after more than one year | 17 | €25,819 | €15,831 | -€9,988 | -38.7% |
| Financial debts | 170/4 | €25,819 | €15,831 | -€9,988 | -38.7% |
| Amounts payable within one year | 42/48 | €178,954 | €303,584 | +€124,629 | +69.6% |
| Current portion of amounts payable after more than one year | 42 | €9,558 | €9,988 | +€430 | +4.5% |
| Trade debts | 44 | €2,838 | €3,291 | +€452 | +15.9% |
| Suppliers | 440/4 | €2,838 | €3,291 | +€452 | +15.9% |
| Taxes, remuneration and social security | 45 | €104,558 | €210,976 | +€106,418 | +102% |
| Taxes | 450/3 | €104,558 | €210,976 | +€106,418 | +102% |
| Other amounts payable | 47/48 | €62,000 | €79,329 | +€17,329 | +28.0% |
| Non-recurring operating income | 76A | €1,666 | - | -€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,879 | €23,689 | +€7,810 | +49.2% |
| Other operating charges | 640/8 | €2,196 | €1,285 | -€912 | -41.5% |
| Gross operating margin | 9900 | €321,284 | €253,127 | -€68,157 | -21.2% |
| Operating profit (loss) | 9901 | €303,208 | €228,153 | -€75,055 | -24.8% |
| Financial income | 75/76B | €5,308 | €8,304 | +€2,996 | +56.4% |
| Recurring financial income | 75 | €5,308 | €8,304 | +€2,996 | +56.4% |
| Financial charges | 65/66B | €2,976 | €3,902 | +€925 | +31.1% |
| Recurring financial charges | 65 | €2,976 | €3,902 | +€925 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €305,540 | €232,555 | -€72,985 | -23.9% |
| Income taxes | 67/77 | €101,279 | €75,341 | -€25,938 | -25.6% |
| Profit (loss) for the period | 9904 | €204,260 | €157,214 | -€47,047 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €204,260 | €157,214 | -€47,047 | -23.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.