Linatex: 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.
Linatex
Largest movements
- Receivables within one year +€154,224
up €154,224 (+65.1%), from €237,030 to €391,254
of which Trade receivables: +€189,501
- Stocks and contracts -€35,454
down €35,454 (-29.2%), from €121,614 to €86,160
- Cash +€12,439
up €12,439 (+612.5%), from €2,031 to €14,470
mainly Trade debts (+€120,189) and Stocks and contracts (+€35,454)
- Deferred charges and accrued income -€6,219
down €6,219 (-62.8%), from €9,904 to €3,685
- Tangible fixed assets -€5,507
down €5,507 (-55.6%), from €9,904 to €4,397
of which Furniture and vehicles: -€3,530
- Trade debts +€120,189
up €120,189 (+71.3%), from €168,669 to €288,858
- Debts after one year -€10,419
down €10,419 (-10.4%), from €100,000 to €89,581
- Gross operating margin -€60,774
down €60,774 (-33.3%), from €182,553 to €121,779
- Staff costs -€46,832
down €46,832 (-33.2%), from €141,022 to €94,190
- Taxes +€3,266
up €3,266 (+95.1%), from €3,436 to €6,702
- Depreciation -€2,215
down €2,215 (-40.3%), from €5,502 to €3,287
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,483 | €499,966 | +€119,483 | +31.4% |
| Fixed assets | 21/28 | €9,904 | €4,397 | -€5,507 | -55.6% |
| Tangible fixed assets | 22/27 | €9,904 | €4,397 | -€5,507 | -55.6% |
| Plant, machinery and equipment | 23 | €3,955 | €1,978 | -€1,977 | -50.0% |
| Furniture and vehicles | 24 | €5,949 | €2,419 | -€3,530 | -59.3% |
| Current assets | 29/58 | €370,579 | €495,569 | +€124,990 | +33.7% |
| Stocks and contracts in progress | 3 | €121,614 | €86,160 | -€35,454 | -29.2% |
| Stocks | 30/36 | €121,614 | €86,160 | -€35,454 | -29.2% |
| Amounts receivable within one year | 40/41 | €237,030 | €391,254 | +€154,224 | +65.1% |
| Trade receivables | 40 | €158,644 | €348,145 | +€189,501 | +119.5% |
| Other amounts receivable | 41 | €78,386 | €43,109 | -€35,277 | -45.0% |
| Cash at bank and in hand | 54/58 | €2,031 | €14,470 | +€12,439 | +612.5% |
| Deferred charges and accrued income | 490/1 | €9,904 | €3,685 | -€6,219 | -62.8% |
| Total equity and liabilities | 10/49 | €380,483 | €499,966 | +€119,483 | +31.4% |
| Equity | 10/15 | €35,037 | €37,055 | +€2,018 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,577 | €16,595 | +€2,018 | +13.8% |
| Amounts payable | 17/49 | €345,446 | €462,911 | +€117,465 | +34.0% |
| Amounts payable after more than one year | 17 | €100,000 | €89,581 | -€10,419 | -10.4% |
| Financial debts | 170/4 | €100,000 | €89,581 | -€10,419 | -10.4% |
| Amounts payable within one year | 42/48 | €242,677 | €366,276 | +€123,599 | +50.9% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €168,669 | €288,858 | +€120,189 | +71.3% |
| Suppliers | 440/4 | €168,669 | €288,858 | +€120,189 | +71.3% |
| Taxes, remuneration and social security | 45 | €14,008 | €17,418 | +€3,410 | +24.3% |
| Taxes | 450/3 | - | €1 | +€1 | |
| Remuneration and social security | 454/9 | €14,008 | €17,417 | +€3,409 | +24.3% |
| Accrued charges and deferred income | 492/3 | €2,769 | €7,054 | +€4,285 | +154.7% |
| Remuneration, social security and pensions | 62 | €141,022 | €94,190 | -€46,832 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,502 | €3,287 | -€2,215 | -40.3% |
| Other operating charges | 640/8 | €5,180 | €4,186 | -€994 | -19.2% |
| Non-recurring operating charges | 66A | - | €4,195 | +€4,195 | |
| Gross operating margin | 9900 | €182,553 | €121,779 | -€60,774 | -33.3% |
| Operating profit (loss) | 9901 | €30,849 | €15,921 | -€14,928 | -48.4% |
| Financial income | 75/76B | €76 | - | -€76 | |
| Recurring financial income | 75 | €76 | - | -€76 | |
| Financial charges | 65/66B | €8,974 | €7,201 | -€1,773 | -19.8% |
| Recurring financial charges | 65 | €8,974 | €7,201 | -€1,773 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €21,951 | €8,720 | -€13,231 | -60.3% |
| Income taxes | 67/77 | €3,436 | €6,702 | +€3,266 | +95.1% |
| Profit (loss) for the period | 9904 | €18,515 | €2,018 | -€16,497 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,515 | €2,018 | -€16,497 | -89.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.