Q - LINAIR: 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.
Q - LINAIR
Largest movements
- Cash +€49,962
up €49,962 (+40.1%), from €124,520 to €174,482
mainly Net result for the year (+€42,727) and Deferred charges and accrued income (+€13,324)
- Receivables within one year +€36,856
up €36,856 (+14.8%), from €249,862 to €286,717
of which Trade receivables: +€27,262
- Deferred charges and accrued income -€13,324
down €13,324 (-40.9%), from €32,552 to €19,228
- Tangible fixed assets -€9,606
down €9,606 (-32.3%), from €29,739 to €20,132
of which Furniture and vehicles: -€9,280
- Reserves +€42,727
up €42,727 (+10.1%), from €422,465 to €465,191
of which Distributable reserves: +€42,727
- Trade debts +€9,107
up €9,107 (+14.3%), from €63,760 to €72,868
- Debts after one year +€8,302
up €8,302 (+5.5%), from €151,519 to €159,821
- Financial income +€7,680
up €7,680 (+384%), from €2,001 to €9,681
- Gross operating margin +€5,204
up €5,204 (+9.0%), from €57,634 to €62,837
- Taxes +€4,123
up €4,123 (+103%), from €4,022 to €8,145
- Financial charges -€1,104
down €1,104 (-9.3%), from €11,923 to €10,819
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 | €685,478 | €749,819 | +€64,341 | +9.4% |
| Fixed assets | 21/28 | €261,998 | €252,391 | -€9,606 | -3.7% |
| Tangible fixed assets | 22/27 | €29,739 | €20,132 | -€9,606 | -32.3% |
| Land and buildings | 22 | €827 | €501 | -€326 | -39.4% |
| Furniture and vehicles | 24 | €28,911 | €19,631 | -€9,280 | -32.1% |
| Financial fixed assets | 28 | €232,259 | €232,259 | = | 0.0% |
| Current assets | 29/58 | €423,481 | €497,428 | +€73,947 | +17.5% |
| Stocks and contracts in progress | 3 | €16,547 | €17,001 | +€454 | +2.7% |
| Stocks | 30/36 | €16,547 | €17,001 | +€454 | +2.7% |
| Amounts receivable within one year | 40/41 | €249,862 | €286,717 | +€36,856 | +14.8% |
| Trade receivables | 40 | €50,782 | €78,044 | +€27,262 | +53.7% |
| Other amounts receivable | 41 | €199,080 | €208,674 | +€9,594 | +4.8% |
| Cash at bank and in hand | 54/58 | €124,520 | €174,482 | +€49,962 | +40.1% |
| Deferred charges and accrued income | 490/1 | €32,552 | €19,228 | -€13,324 | -40.9% |
| Total equity and liabilities | 10/49 | €685,478 | €749,819 | +€64,341 | +9.4% |
| Equity | 10/15 | €453,451 | €496,178 | +€42,727 | +9.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €422,465 | €465,191 | +€42,727 | +10.1% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €419,366 | €462,093 | +€42,727 | +10.2% |
| Amounts payable | 17/49 | €232,027 | €253,641 | +€21,614 | +9.3% |
| Amounts payable after more than one year | 17 | €151,519 | €159,821 | +€8,302 | +5.5% |
| Other amounts payable | 178/9 | €151,519 | €159,821 | +€8,302 | +5.5% |
| Amounts payable within one year | 42/48 | €80,508 | €93,820 | +€13,312 | +16.5% |
| Trade debts | 44 | €63,760 | €72,868 | +€9,107 | +14.3% |
| Suppliers | 440/4 | €63,760 | €72,868 | +€9,107 | +14.3% |
| Taxes, remuneration and social security | 45 | €8,446 | €13,427 | +€4,981 | +59.0% |
| Taxes | 450/3 | €8,446 | €13,427 | +€4,981 | +59.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,302 | €7,526 | -€775 | -9.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,606 | €9,606 | = | 0.0% |
| Other operating charges | 640/8 | €1,257 | €1,221 | -€35 | -2.8% |
| Gross operating margin | 9900 | €57,634 | €62,837 | +€5,204 | +9.0% |
| Operating profit (loss) | 9901 | €46,771 | €52,010 | +€5,239 | +11.2% |
| Financial income | 75/76B | €2,001 | €9,681 | +€7,680 | +384% |
| Recurring financial income | 75 | €2,001 | €9,681 | +€7,680 | +384% |
| Financial charges | 65/66B | €11,923 | €10,819 | -€1,104 | -9.3% |
| Recurring financial charges | 65 | €11,923 | €10,819 | -€1,104 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €36,849 | €50,872 | +€14,023 | +38.1% |
| Income taxes | 67/77 | €4,022 | €8,145 | +€4,123 | +103% |
| Profit (loss) for the period | 9904 | €32,827 | €42,727 | +€9,900 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,827 | €42,727 | +€9,900 | +30.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.