LINOAR: 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.
LINOAR
Largest movements
- Tangible fixed assets +€87,679
up €87,679 (+23.2%), from €377,234 to €464,913
of which Plant, machinery and equipment: +€102,542
- Cash +€35,720
up €35,720 (+438%), from €8,153 to €43,873
mainly Debts after one year (+€90,941) and Net result for the year (+€74,517)
- Receivables within one year +€33,566
up €33,566 (+113%), from €29,790 to €63,356
of which Trade receivables: +€33,566
- Debts after one year +€90,941
up €90,941 (+28.2%), from €322,904 to €413,845
- Profit (loss) carried forward +€29,517
up €29,517 (+2,807%), from €1,052 to €30,569
- Other debts +€21,690
up €21,690 (+33.6%), from €64,545 to €86,235
- Tax, wage and social debts +€15,866
up €15,866 (+1,347%), from €1,178 to €17,044
of which Taxes: +€15,866
- Turnover -€129,580
no longer reported in 2024 (was €129,580)
- Purchases and services -€60,126
no longer reported in 2024 (was €60,126)
- Gross operating margin +€47,712
up €47,712 (+68.7%), from €69,454 to €117,166
- Other operating charges +€2,421
up €2,421 (+41.7%), from €5,811 to €8,233
- Depreciation -€2,310
down €2,310 (-8.9%), from €26,048 to €23,738
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €415,176 | €572,208 | +€157,032 | +37.8% |
| Fixed assets | 21/28 | €377,234 | €464,913 | +€87,679 | +23.2% |
| Tangible fixed assets | 22/27 | €377,234 | €464,913 | +€87,679 | +23.2% |
| Land and buildings | 22 | €350,369 | €333,119 | -€17,250 | -4.9% |
| Plant, machinery and equipment | 23 | €26,865 | €129,406 | +€102,542 | +382% |
| Furniture and vehicles | 24 | €0 | €2,388 | +€2,388 | |
| Current assets | 29/58 | €37,943 | €107,295 | +€69,352 | +183% |
| Amounts receivable within one year | 40/41 | €29,790 | €63,356 | +€33,566 | +113% |
| Trade receivables | 40 | €29,790 | €63,356 | +€33,566 | +113% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €8,153 | €43,873 | +€35,720 | +438% |
| Deferred charges and accrued income | 490/1 | - | €66 | +€66 | |
| Total equity and liabilities | 10/49 | €415,176 | €572,208 | +€157,032 | +37.8% |
| Equity | 10/15 | €9,112 | €38,629 | +€29,517 | +324% |
| Contributions | 10/11 | €0 | - | = | |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Uncalled capital | 101 | €0 | - | = | |
| Reserves | 13 | €8,060 | €8,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,052 | €30,569 | +€29,517 | +2,807% |
| Amounts payable | 17/49 | €406,065 | €533,579 | +€127,514 | +31.4% |
| Amounts payable after more than one year | 17 | €322,904 | €413,845 | +€90,941 | +28.2% |
| Financial debts | 170/4 | €322,904 | €413,845 | +€90,941 | +28.2% |
| Amounts payable within one year | 42/48 | €83,161 | €119,734 | +€36,573 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €14,050 | €15,154 | +€1,104 | +7.9% |
| Trade debts | 44 | €3,387 | €1,301 | -€2,086 | -61.6% |
| Suppliers | 440/4 | €3,387 | €1,301 | -€2,086 | -61.6% |
| Taxes, remuneration and social security | 45 | €1,178 | €17,044 | +€15,866 | +1,347% |
| Taxes | 450/3 | €1,178 | €17,044 | +€15,866 | +1,347% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €64,545 | €86,235 | +€21,690 | +33.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €129,580 | - | -€129,580 | |
| Goods, raw materials, services and sundry goods | 60/61 | €60,126 | - | -€60,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,048 | €23,738 | -€2,310 | -8.9% |
| Other operating charges | 640/8 | €5,811 | €8,233 | +€2,421 | +41.7% |
| Non-recurring operating charges | 66A | - | €600 | +€600 | |
| Gross operating margin | 9900 | €69,454 | €117,166 | +€47,712 | +68.7% |
| Operating profit (loss) | 9901 | €37,594 | €84,596 | +€47,001 | +125% |
| Financial charges | 65/66B | €9,265 | €9,533 | +€268 | +2.9% |
| Recurring financial charges | 65 | €9,265 | €9,533 | +€268 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €28,329 | €75,062 | +€46,733 | +165% |
| Income taxes | 67/77 | €83 | €545 | +€462 | +561% |
| Profit (loss) for the period | 9904 | €28,247 | €74,517 | +€46,270 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €28,247 | €74,517 | +€46,270 | +164% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.