LINSTAVER: 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.
LINSTAVER
Largest movements
- Current assets +€124,369
up €124,369 (+8.6%), from €1.4m to €1.6m
of which Receivables within one year: +€87,252
- Debts within one year +€150,673
up €150,673 (+10.9%), from €1.4m to €1.5m
- Profit (loss) carried forward -€30,851
down €30,851, from €4,531 to -€26,320
- Gross operating margin +€53,159
up €53,159, from -€51,277 to €1,882
- Taxes -€830
no longer reported in 2021 (was €830)
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,461,617 | €1,581,439 | +€119,822 | +8.2% |
| Formation expenses | 20 | €284 | - | -€284 | |
| Fixed assets | 21/28 | €17,050 | €12,788 | -€4,263 | -25.0% |
| Intangible fixed assets | 21 | €17,050 | €12,788 | -€4,263 | -25.0% |
| Current assets | 29/58 | €1,444,283 | €1,568,651 | +€124,369 | +8.6% |
| Stocks and contracts in progress | 3 | €128,854 | €128,854 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €506,231 | €593,483 | +€87,252 | +17.2% |
| Cash at bank and in hand | 54/58 | €53,934 | €180 | -€53,754 | -99.7% |
| Total equity and liabilities | 10/49 | €1,461,617 | €1,581,439 | +€119,822 | +8.2% |
| Equity | 10/15 | €84,729 | €53,878 | -€30,851 | -36.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €18,698 | €18,698 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,531 | -€26,320 | -€30,851 | |
| Amounts payable | 17/49 | €1,376,888 | €1,527,561 | +€150,673 | +10.9% |
| Amounts payable within one year | 42/48 | €1,376,888 | €1,527,561 | +€150,673 | +10.9% |
| Trade debts | 44 | €24,826 | €28,828 | +€4,003 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,283 | €4,546 | +€264 | +6.2% |
| Gross operating margin | 9900 | -€51,277 | €1,882 | +€53,159 | |
| Operating profit (loss) | 9901 | -€56,572 | -€57,034 | -€462 | -0.8% |
| Recurring financial income | 75 | €59,167 | €79,129 | +€19,962 | +33.7% |
| Recurring financial charges | 65 | €397 | €52,945 | +€52,548 | +13226.3% |
| Profit (loss) for the period before taxes | 9903 | €2,197 | -€30,851 | -€33,048 | |
| Income taxes | 67/77 | €830 | - | -€830 | |
| Profit (loss) for the period | 9904 | €1,367 | -€30,851 | -€32,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,367 | -€30,851 | -€32,217 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2020 and 30 June 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.