LINARIA: 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.
LINARIA
Largest movements
- Current investments +€359,726
up €359,726 (+144.1%), from €249,626 to €609,351
- Receivables within one year +€286,432
up €286,432 (+309.0%), from €92,705 to €379,137
of which Trade receivables: +€275,496
- Stocks and contracts +€134,886
up €134,886 (+38.1%), from €353,697 to €488,583
- Tangible fixed assets +€83,302
up €83,302 (+49.7%), from €167,507 to €250,808
of which Plant, machinery and equipment: +€101,418
- Cash -€46,079
down €46,079 (-2.8%), from €1.7m to €1.6m
mainly Current investments (-€359,726) and Receivables within one year (-€286,432)
- Trade debts +€484,006
up €484,006 (+70.3%), from €688,776 to €1.2m
- Reserves +€336,935
up €336,935 (+19.5%), from €1.7m to €2.1m
- Gross operating margin +€153,676
up €153,676 (+27.0%), from €569,733 to €723,408
- Taxes +€65,062
up €65,062 (+42.6%), from €152,885 to €217,947
- Financial income +€23,479
up €23,479 (+80.1%), from €29,296 to €52,775
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 | €2,530,672 | €3,348,939 | +€818,267 | +32.3% |
| Fixed assets | 21/28 | €168,809 | €252,111 | +€83,302 | +49.3% |
| Tangible fixed assets | 22/27 | €167,507 | €250,808 | +€83,302 | +49.7% |
| Land and buildings | 22 | €41,801 | €37,598 | -€4,204 | -10.1% |
| Plant, machinery and equipment | 23 | €12,058 | €113,476 | +€101,418 | +841.1% |
| Furniture and vehicles | 24 | €2,405 | €1,542 | -€862 | -35.9% |
| Other tangible fixed assets | 26 | €111,243 | €98,193 | -€13,050 | -11.7% |
| Financial fixed assets | 28 | €1,302 | €1,302 | = | 0.0% |
| Current assets | 29/58 | €2,361,863 | €3,096,828 | +€734,965 | +31.1% |
| Stocks and contracts in progress | 3 | €353,697 | €488,583 | +€134,886 | +38.1% |
| Stocks | 30/36 | €353,697 | €488,583 | +€134,886 | +38.1% |
| Amounts receivable within one year | 40/41 | €92,705 | €379,137 | +€286,432 | +309.0% |
| Trade receivables | 40 | €48,753 | €324,249 | +€275,496 | +565.1% |
| Other amounts receivable | 41 | €43,952 | €54,888 | +€10,936 | +24.9% |
| Current investments | 50/53 | €249,626 | €609,351 | +€359,726 | +144.1% |
| Cash at bank and in hand | 54/58 | €1,665,836 | €1,619,757 | -€46,079 | -2.8% |
| Total equity and liabilities | 10/49 | €2,530,672 | €3,348,939 | +€818,267 | +32.3% |
| Equity | 10/15 | €1,820,713 | €2,157,078 | +€336,365 | +18.5% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €1,730,144 | €2,067,078 | +€336,935 | +19.5% |
| Distributable reserves | 133 | €1,730,144 | €2,067,078 | +€336,935 | +19.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €570 | €0 | -€570 | -100.0% |
| Provisions and deferred taxes | 16 | €231 | €0 | -€231 | -100.0% |
| Deferred taxes | 168 | €231 | €0 | -€231 | -100.0% |
| Amounts payable | 17/49 | €709,728 | €1,191,860 | +€482,133 | +67.9% |
| Amounts payable within one year | 42/48 | €707,928 | €1,190,060 | +€482,133 | +68.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €688,776 | €1,172,781 | +€484,006 | +70.3% |
| Suppliers | 440/4 | €688,776 | €1,172,781 | +€484,006 | +70.3% |
| Taxes, remuneration and social security | 45 | €12,075 | €11,074 | -€1,001 | -8.3% |
| Taxes | 450/3 | €6,031 | €6,860 | +€829 | +13.7% |
| Remuneration and social security | 454/9 | €6,044 | €4,213 | -€1,830 | -30.3% |
| Other amounts payable | 47/48 | €7,077 | €6,205 | -€872 | -12.3% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,324 | €2,583 | +€259 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,162 | €21,075 | -€88 | -0.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €10,705 | €15,779 | +€5,073 | +47.4% |
| Gross operating margin | 9900 | €569,733 | €723,408 | +€153,676 | +27.0% |
| Operating profit (loss) | 9901 | €535,541 | €683,972 | +€148,431 | +27.7% |
| Financial income | 75/76B | €29,296 | €52,775 | +€23,479 | +80.1% |
| Recurring financial income | 75 | €29,296 | €52,775 | +€23,479 | +80.1% |
| Financial charges | 65/66B | €1,471 | €6,555 | +€5,084 | +345.5% |
| Recurring financial charges | 65 | €1,471 | €6,555 | +€5,084 | +345.5% |
| Profit (loss) for the period before taxes | 9903 | €563,366 | €730,192 | +€166,826 | +29.6% |
| Transfer from deferred taxes | 780 | - | €231 | +€231 | |
| Income taxes | 67/77 | €152,885 | €217,947 | +€65,062 | +42.6% |
| Profit (loss) for the period | 9904 | €410,481 | €512,476 | +€101,995 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €410,481 | €512,476 | +€101,995 | +24.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.