LINEAS ASSETS: 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.
What changed
LINEAS ASSETS
fiscal year 2022 against 2023filed annual accounts (NBB)
Net result for the year
€905,485
2022 · €621,941+€283,544
Equity
€38.6m
2022 · €35.1m+€3.5m
Cash
€1,724
2022 · €2,491-€767
Balance sheet total
€89.5m
2022 · €121.5m-€32.0m
Largest movements
Assets
- Receivables after one year -€25.2m
no longer reported in 2023 (was €25.2m)
- Tangible fixed assets -€5.8m
down €5.8m (-8.5%), from €67.8m to €62.1m
of which Leasing and similar rights: -€5.4m
- Receivables within one year -€4.2m
down €4.2m (-21.0%), from €19.7m to €15.6m
of which Trade receivables: -€4.6m
- Deferred charges and accrued income +€3.1m
up €3.1m (+42.4%), from €7.4m to €10.5m
Equity and liabilities
- Debts after one year -€47.3m
down €47.3m (-62.6%), from €75.6m to €28.2m
of which Financial debts: -€52.7m
- Trade debts +€11.7m
up €11.7m (+132.5%), from €8.8m to €20.5m
- Investment grants +€2.5m
new in 2023: €2.5m
Income statement
- Turnover -€5.3m
down €5.3m (-7.5%), from €71.1m to €65.8m
- Goods and materials -€4.5m
down €4.5m (-7.2%), from €62.8m to €58.3m
- Depreciation -€1.3m
down €1.3m (-19.8%), from €6.7m to €5.3m
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.
Result 2022
€621,941
Turnover
-€5.3m
Other operating income
-€123,319
Goods and materials
+€4.5m
Services and other goods
-€482,086
Depreciation
+€1.3m
Other operating charges
+€229,642
Other operating items
-€351,960
Financial income
-€115,528
Financial charges
+€98,437
Taxes
+€514,450
Result 2023
€905,485
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.
From operations
+€44.3m
Investment
+€453,859
Financing
-€44.8m
Cash 2022
€2,491
From operations (derived)
+€44.3m
Net result for the year
+€905,485
Depreciation
+€5.3m
Receivables after one year
+€25.2m
Receivables within one year
+€4.2m
Deferred charges and accrued income
-€3.1m
Trade debts
+€11.7m
Tax, wage and social debts
-€4,965
Accrued charges and deferred income
+€249,220
Investment (derived)
+€453,859
Investment in fixed assets (net)
+€453,859
Financing
-€44.8m
Debts after one year
-€47.3m
Current portion of long-term debt
-€13,399
Contributions, distributions and other
+€2.5m
Not broken down
-€2
Cash 2023
€1,724
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,515,806 | €89,535,079 | -€32.0m | -26.3% |
| Fixed assets | 21/28 | €69,207,728 | €63,404,671 | -€5.8m | -8.4% |
| Tangible fixed assets | 22/27 | €67,819,566 | €62,050,280 | -€5.8m | -8.5% |
| Land and buildings | 22 | €2,311,806 | €2,035,345 | -€276,461 | -12.0% |
| Plant, machinery and equipment | 23 | €2,118,213 | €2,072,727 | -€45,486 | -2.1% |
| Furniture and vehicles | 24 | €10,121,275 | €9,871,659 | -€249,616 | -2.5% |
| Leasing and similar rights | 25 | €53,233,351 | €47,812,217 | -€5.4m | -10.2% |
| Assets under construction and advance payments | 27 | €34,921 | €258,331 | +€223,410 | +639.8% |
| Financial fixed assets | 28 | €1,388,162 | €1,354,391 | -€33,771 | -2.4% |
| Other financial fixed assets | 284/8 | €1,388,162 | €1,354,391 | -€33,771 | -2.4% |
| Amounts receivable and cash guarantees | 285/8 | €1,388,162 | €1,354,391 | -€33,771 | -2.4% |
| Current assets | 29/58 | €52,308,078 | €26,130,408 | -€26.2m | -50.0% |
| Amounts receivable after more than one year | 29 | €25,162,863 | - | -€25.2m | |
| Other amounts receivable | 291 | €25,162,863 | - | -€25.2m | |
| Amounts receivable within one year | 40/41 | €19,744,990 | €15,593,943 | -€4.2m | -21.0% |
| Trade receivables | 40 | €18,613,849 | €13,978,931 | -€4.6m | -24.9% |
| Other amounts receivable | 41 | €1,131,141 | €1,615,013 | +€483,872 | +42.8% |
| Cash at bank and in hand | 54/58 | €2,491 | €1,724 | -€767 | -30.8% |
| Deferred charges and accrued income | 490/1 | €7,397,734 | €10,534,740 | +€3.1m | +42.4% |
| Total equity and liabilities | 10/49 | €121,515,806 | €89,535,079 | -€32.0m | -26.3% |
| Equity | 10/15 | €35,144,837 | €38,598,568 | +€3.5m | +9.8% |
| Contributions | 10/11 | €11,400,000 | €11,400,000 | = | 0.0% |
| Capital | 10 | €11,400,000 | €11,400,000 | = | 0.0% |
| Issued capital | 100 | €11,400,000 | €11,400,000 | = | 0.0% |
| Reserves | 13 | €1,632,714 | €1,632,714 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,196,347 | €1,196,347 | = | 0.0% |
| Legal reserve | 130 | €1,140,000 | €1,140,000 | = | 0.0% |
| Other | 1319 | €56,347 | €56,347 | = | 0.0% |
| Tax-exempt reserves | 132 | €436,367 | €436,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,112,123 | €23,017,609 | +€905,486 | +4.1% |
| Investment grants | 15 | - | €2,548,246 | +€2.5m | |
| Provisions and deferred taxes | 16 | €350,000 | €350,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €350,000 | €350,000 | = | 0.0% |
| Environmental obligations | 163 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable | 17/49 | €86,020,969 | €50,586,510 | -€35.4m | -41.2% |
| Amounts payable after more than one year | 17 | €75,566,241 | €28,229,381 | -€47.3m | -62.6% |
| Financial debts | 170/4 | €75,566,241 | €22,887,298 | -€52.7m | -69.7% |
| Leasing and similar obligations | 172 | €25,476,970 | €22,887,298 | -€2.6m | -10.2% |
| Other loans | 174 | €50,089,271 | - | -€50.1m | |
| Other amounts payable | 178/9 | - | €5,342,083 | +€5.3m | |
| Amounts payable within one year | 42/48 | €10,454,728 | €22,107,909 | +€11.7m | +111.5% |
| Current portion of amounts payable after more than one year | 42 | €1,627,462 | €1,614,063 | -€13,399 | -0.8% |
| Trade debts | 44 | €8,811,381 | €20,482,927 | +€11.7m | +132.5% |
| Suppliers | 440/4 | €8,811,381 | €20,482,927 | +€11.7m | +132.5% |
| Taxes, remuneration and social security | 45 | €15,885 | €10,920 | -€4,965 | -31.3% |
| Taxes | 450/3 | €15,885 | €10,920 | -€4,965 | -31.3% |
| Accrued charges and deferred income | 492/3 | - | €249,220 | +€249,220 | |
| Operating income | 70/76A | €72,803,924 | €66,805,193 | -€6.0m | -8.2% |
| Turnover | 70 | €71,105,565 | €65,768,227 | -€5.3m | -7.5% |
| Other operating income | 74 | €791,015 | €667,696 | -€123,319 | -15.6% |
| Non-recurring operating income | 76A | €907,344 | €369,270 | -€538,074 | -59.3% |
| Operating charges | 60/66A | €70,046,611 | €64,261,695 | -€5.8m | -8.3% |
| Goods for resale, raw materials and consumables | 60 | €62,833,248 | €58,299,822 | -€4.5m | -7.2% |
| Services and other goods | 61 | €116,287 | €598,373 | +€482,086 | +414.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667,018 | €5,349,198 | -€1.3m | -19.8% |
| Other operating charges | 640/8 | €234,102 | €4,460 | -€229,642 | -98.1% |
| Non-recurring operating charges | 66A | €195,956 | €9,842 | -€186,114 | -95.0% |
| Operating profit (loss) | 9901 | €2,757,313 | €2,543,498 | -€213,815 | -7.8% |
| Recurring financial income | 75 | €254,234 | €138,706 | -€115,528 | -45.4% |
| Other financial income | 752/9 | €254,234 | €138,706 | -€115,528 | -45.4% |
| Financial charges | 65/66B | €1,875,156 | €1,776,719 | -€98,437 | -5.2% |
| Recurring financial charges | 65 | €1,875,156 | €1,776,719 | -€98,437 | -5.2% |
| Debt charges | 650 | €1,875,156 | €1,773,533 | -€101,623 | -5.4% |
| Other financial charges | 652/9 | - | €3,186 | +€3,186 | |
| Profit (loss) for the period before taxes | 9903 | €1,136,391 | €905,485 | -€230,906 | -20.3% |
| Income taxes | 67/77 | €514,450 | - | -€514,450 | |
| Taxes | 670/3 | €514,450 | - | -€514,450 | |
| Profit (loss) for the period | 9904 | €621,941 | €905,485 | +€283,544 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €621,941 | €905,485 | +€283,544 | +45.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 30 November 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.