LINAX SHIPPING: 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.
LINAX SHIPPING
Largest movements
- Receivables within one year -€737,023
down €737,023 (-64.9%), from €1.1m to €398,669
of which Other amounts receivable: -€373,382
- Cash -€79,631
down €79,631 (-98.9%), from €80,485 to €854
mainly Trade debts (-€445,911) and Net result for the year (-€190,853)
- Tangible fixed assets -€66,764
down €66,764 (-14.0%), from €477,134 to €410,370
of which Furniture and vehicles: -€151,239
- Trade debts -€445,911
down €445,911 (-82.1%), from €543,208 to €97,297
- Profit (loss) carried forward -€190,853
down €190,853, from €129,324 to -€61,529
- Other debts -€129,860
down €129,860 (-95.0%), from €136,686 to €6,826
- Tax, wage and social debts -€54,514
down €54,514 (-77.0%), from €70,781 to €16,267
of which Taxes: -€39,290
- Current portion of long-term debt -€42,745
down €42,745 (-33.7%), from €126,915 to €84,170
- Gross operating margin -€212,184
down €212,184 (-77.4%), from €274,244 to €62,060
- Staff costs -€80,081
down €80,081 (-27.8%), from €287,686 to €207,605
- Depreciation -€17,309
down €17,309 (-39.7%), from €43,563 to €26,254
- Financial charges -€5,043
down €5,043 (-21.2%), from €23,777 to €18,734
- Financial income -€2,808
down €2,808 (-11.5%), from €24,491 to €21,683
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 | €1,720,035 | €834,652 | -€885,383 | -51.5% |
| Fixed assets | 21/28 | €479,673 | €412,870 | -€66,803 | -13.9% |
| Tangible fixed assets | 22/27 | €477,134 | €410,370 | -€66,764 | -14.0% |
| Land and buildings | 22 | €306,095 | €294,692 | -€11,404 | -3.7% |
| Furniture and vehicles | 24 | €154,041 | €2,802 | -€151,239 | -98.2% |
| Other tangible fixed assets | 26 | €16,998 | €112,876 | +€95,878 | +564% |
| Financial fixed assets | 28 | €2,539 | €2,500 | -€39 | -1.5% |
| Current assets | 29/58 | €1,240,362 | €421,783 | -€818,580 | -66.0% |
| Amounts receivable within one year | 40/41 | €1,135,692 | €398,669 | -€737,023 | -64.9% |
| Trade receivables | 40 | €551,556 | €187,914 | -€363,641 | -65.9% |
| Other amounts receivable | 41 | €584,137 | €210,755 | -€373,382 | -63.9% |
| Cash at bank and in hand | 54/58 | €80,485 | €854 | -€79,631 | -98.9% |
| Deferred charges and accrued income | 490/1 | €24,185 | €22,259 | -€1,926 | -8.0% |
| Total equity and liabilities | 10/49 | €1,720,035 | €834,652 | -€885,383 | -51.5% |
| Equity | 10/15 | €556,824 | €365,971 | -€190,853 | -34.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €402,500 | €402,500 | = | 0.0% |
| Distributable reserves | 133 | €402,500 | €402,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,324 | -€61,529 | -€190,853 | |
| Amounts payable | 17/49 | €1,163,211 | €468,681 | -€694,530 | -59.7% |
| Amounts payable after more than one year | 17 | €285,137 | €260,607 | -€24,530 | -8.6% |
| Financial debts | 170/4 | €285,137 | €260,607 | -€24,530 | -8.6% |
| Amounts payable within one year | 42/48 | €877,590 | €207,575 | -€670,015 | -76.3% |
| Current portion of amounts payable after more than one year | 42 | €126,915 | €84,170 | -€42,745 | -33.7% |
| Financial debts | 43 | - | €3,015 | +€3,015 | |
| Credit institutions | 430/8 | - | €3,015 | +€3,015 | |
| Trade debts | 44 | €543,208 | €97,297 | -€445,911 | -82.1% |
| Suppliers | 440/4 | €543,208 | €97,297 | -€445,911 | -82.1% |
| Taxes, remuneration and social security | 45 | €70,781 | €16,267 | -€54,514 | -77.0% |
| Taxes | 450/3 | €40,003 | €713 | -€39,290 | -98.2% |
| Remuneration and social security | 454/9 | €30,778 | €15,554 | -€15,224 | -49.5% |
| Other amounts payable | 47/48 | €136,686 | €6,826 | -€129,860 | -95.0% |
| Accrued charges and deferred income | 492/3 | €484 | €499 | +€15 | +3.2% |
| Non-recurring operating income | 76A | €139,778 | €2,253 | -€137,525 | -98.4% |
| Remuneration, social security and pensions | 62 | €287,686 | €207,605 | -€80,081 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,563 | €26,254 | -€17,309 | -39.7% |
| Other operating charges | 640/8 | €7,827 | €6,712 | -€1,115 | -14.2% |
| Non-recurring operating charges | 66A | €159,788 | €14,627 | -€145,161 | -90.8% |
| Gross operating margin | 9900 | €274,244 | €62,060 | -€212,184 | -77.4% |
| Operating profit (loss) | 9901 | -€224,620 | -€193,137 | +€31,482 | +14.0% |
| Financial income | 75/76B | €24,491 | €21,683 | -€2,808 | -11.5% |
| Recurring financial income | 75 | €24,491 | €21,683 | -€2,808 | -11.5% |
| Financial charges | 65/66B | €23,777 | €18,734 | -€5,043 | -21.2% |
| Recurring financial charges | 65 | €23,777 | €18,734 | -€5,043 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€223,906 | -€190,188 | +€33,718 | +15.1% |
| Income taxes | 67/77 | €991 | €665 | -€327 | -33.0% |
| Profit (loss) for the period | 9904 | -€224,897 | -€190,853 | +€34,045 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€224,897 | -€190,853 | +€34,045 | +15.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.