Linux Belgium: 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.
Linux Belgium
Largest movements
- Receivables within one year +€321,854
up €321,854 (+268.2%), from €119,993 to €441,847
of which Other amounts receivable: +€259,159
- Tangible fixed assets +€109,391
up €109,391 (+48.1%), from €227,361 to €336,752
of which Furniture and vehicles: +€118,391
- Cash +€53,543
up €53,543 (+17.6%), from €304,455 to €357,998
mainly Net result for the year (+€544,103) and Tax, wage and social debts (+€109,590)
- Stocks and contracts -€30,707
down €30,707 (-66.2%), from €46,372 to €15,665
- Reserves +€494,639
up €494,639 (+183.7%), from €269,329 to €763,967
of which Distributable reserves: +€494,639
- Current portion of long-term debt -€168,327
down €168,327 (-99.7%), from €168,768 to €441
- Tax, wage and social debts +€109,590
up €109,590 (+110.9%), from €98,837 to €208,428
of which Taxes: +€110,397
- Trade debts +€12,608
up €12,608 (+14.7%), from €86,000 to €98,608
- Gross operating margin +€464,760
up €464,760 (+94.9%), from €489,595 to €954,356
- Taxes +€120,007
up €120,007 (+181.7%), from €66,061 to €186,067
- Depreciation +€24,075
up €24,075 (+59.7%), from €40,337 to €64,413
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.
Cash bridge derived
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 | €705,926 | €1,155,007 | +€449,081 | +63.6% |
| Fixed assets | 21/28 | €235,106 | €339,497 | +€104,391 | +44.4% |
| Tangible fixed assets | 22/27 | €227,361 | €336,752 | +€109,391 | +48.1% |
| Land and buildings | 22 | €162,000 | €153,000 | -€9,000 | -5.6% |
| Furniture and vehicles | 24 | €65,361 | €183,752 | +€118,391 | +181.1% |
| Financial fixed assets | 28 | €7,745 | €2,745 | -€5,000 | -64.6% |
| Current assets | 29/58 | €470,820 | €815,510 | +€344,690 | +73.2% |
| Stocks and contracts in progress | 3 | €46,372 | €15,665 | -€30,707 | -66.2% |
| Contracts in progress | 37 | €46,372 | €15,665 | -€30,707 | -66.2% |
| Amounts receivable within one year | 40/41 | €119,993 | €441,847 | +€321,854 | +268.2% |
| Trade receivables | 40 | €112,826 | €175,522 | +€62,695 | +55.6% |
| Other amounts receivable | 41 | €7,166 | €266,326 | +€259,159 | +3616.4% |
| Cash at bank and in hand | 54/58 | €304,455 | €357,998 | +€53,543 | +17.6% |
| Total equity and liabilities | 10/49 | €705,926 | €1,155,007 | +€449,081 | +63.6% |
| Equity | 10/15 | €287,929 | €782,567 | +€494,639 | +171.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,329 | €763,967 | +€494,639 | +183.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,641 | €23,641 | = | 0.0% |
| Distributable reserves | 133 | €243,828 | €738,467 | +€494,639 | +202.9% |
| Provisions and deferred taxes | 16 | €62,848 | €62,848 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €62,848 | €62,848 | = | 0.0% |
| Pensions and similar obligations | 160 | €62,848 | €62,848 | = | 0.0% |
| Amounts payable | 17/49 | €355,149 | €309,592 | -€45,558 | -12.8% |
| Amounts payable within one year | 42/48 | €353,606 | €307,804 | -€45,801 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €168,768 | €441 | -€168,327 | -99.7% |
| Trade debts | 44 | €86,000 | €98,608 | +€12,608 | +14.7% |
| Suppliers | 440/4 | €86,000 | €98,608 | +€12,608 | +14.7% |
| Taxes, remuneration and social security | 45 | €98,837 | €208,428 | +€109,590 | +110.9% |
| Taxes | 450/3 | €79,719 | €190,117 | +€110,397 | +138.5% |
| Remuneration and social security | 454/9 | €19,118 | €18,311 | -€807 | -4.2% |
| Other amounts payable | 47/48 | - | €328 | +€328 | |
| Accrued charges and deferred income | 492/3 | €1,544 | €1,788 | +€244 | +15.8% |
| Remuneration, social security and pensions | 62 | €165,246 | €157,098 | -€8,148 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,337 | €64,413 | +€24,075 | +59.7% |
| Other operating charges | 640/8 | €1,422 | €1,643 | +€221 | +15.5% |
| Gross operating margin | 9900 | €489,595 | €954,356 | +€464,760 | +94.9% |
| Operating profit (loss) | 9901 | €282,590 | €731,201 | +€448,612 | +158.8% |
| Financial income | 75/76B | €224 | €1,381 | +€1,157 | +516.3% |
| Recurring financial income | 75 | €224 | €1,381 | +€1,157 | +516.3% |
| Financial charges | 65/66B | €1,869 | €2,412 | +€543 | +29.1% |
| Recurring financial charges | 65 | €1,869 | €2,412 | +€543 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €280,945 | €730,170 | +€449,225 | +159.9% |
| Income taxes | 67/77 | €66,061 | €186,067 | +€120,007 | +181.7% |
| Profit (loss) for the period | 9904 | €214,884 | €544,103 | +€329,218 | +153.2% |
| Profit (loss) for the period to be appropriated | 9905 | €214,884 | €544,103 | +€329,218 | +153.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.