3 LINDEKENS: 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.
3 LINDEKENS
Largest movements
- Cash -€29,575
down €29,575 (-75.6%), from €39,123 to €9,549
mainly Debts after one year (-€27,247) and Net result for the year (-€13,842)
- Tangible fixed assets -€11,688
down €11,688 (-10.6%), from €110,364 to €98,676
of which Land and buildings: -€10,891
- Receivables within one year +€2,102
up €2,102 (+5.6%), from €37,736 to €39,838
- Debts after one year -€27,247
down €27,247 (-20.4%), from €133,669 to €106,421
- Profit (loss) carried forward -€13,842
down €13,842 (-2.3%), from -€601,636 to -€615,478
- Trade debts +€2,163
up €2,163, from €0 to €2,163
- Gross operating margin -€9,809
down €9,809 (-85.1%), from €11,532 to €1,723
- Financial charges -€9,793
down €9,793 (-98.1%), from €9,983 to €190
- Other operating charges -€1,615
down €1,615 (-21.2%), from €7,612 to €5,997
- Depreciation -€963
down €963 (-7.6%), from €12,651 to €11,688
- Financial income -€665
down €665 (-21.7%), from €3,065 to €2,401
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 | €189,228 | €150,385 | -€38,843 | -20.5% |
| Fixed assets | 21/28 | €110,364 | €98,676 | -€11,688 | -10.6% |
| Tangible fixed assets | 22/27 | €110,364 | €98,676 | -€11,688 | -10.6% |
| Land and buildings | 22 | €107,599 | €96,708 | -€10,891 | -10.1% |
| Plant, machinery and equipment | 23 | €2,765 | €1,968 | -€797 | -28.8% |
| Current assets | 29/58 | €78,864 | €51,709 | -€27,154 | -34.4% |
| Amounts receivable within one year | 40/41 | €37,736 | €39,838 | +€2,102 | +5.6% |
| Other amounts receivable | 41 | €37,736 | €39,838 | +€2,102 | +5.6% |
| Cash at bank and in hand | 54/58 | €39,123 | €9,549 | -€29,575 | -75.6% |
| Deferred charges and accrued income | 490/1 | €2,004 | €2,322 | +€318 | +15.9% |
| Total equity and liabilities | 10/49 | €189,228 | €150,385 | -€38,843 | -20.5% |
| Equity | 10/15 | €53,685 | €39,844 | -€13,842 | -25.8% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €5,321 | €5,321 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,321 | €5,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€601,636 | -€615,478 | -€13,842 | -2.3% |
| Provisions and deferred taxes | 16 | €1,774 | €1,774 | = | 0.0% |
| Deferred taxes | 168 | €1,774 | €1,774 | = | 0.0% |
| Amounts payable | 17/49 | €133,769 | €108,768 | -€25,001 | -18.7% |
| Amounts payable after more than one year | 17 | €133,669 | €106,421 | -€27,247 | -20.4% |
| Other amounts payable | 178/9 | €133,669 | €106,421 | -€27,247 | -20.4% |
| Amounts payable within one year | 42/48 | €100 | €2,346 | +€2,246 | +2,246% |
| Trade debts | 44 | €0 | €2,163 | +€2,163 | |
| Suppliers | 440/4 | €0 | €2,163 | +€2,163 | |
| Other amounts payable | 47/48 | €100 | €184 | +€84 | +83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,651 | €11,688 | -€963 | -7.6% |
| Other operating charges | 640/8 | €7,612 | €5,997 | -€1,615 | -21.2% |
| Gross operating margin | 9900 | €11,532 | €1,723 | -€9,809 | -85.1% |
| Operating profit (loss) | 9901 | -€8,731 | -€15,962 | -€7,231 | -82.8% |
| Financial income | 75/76B | €3,065 | €2,401 | -€665 | -21.7% |
| Recurring financial income | 75 | €3,065 | €2,401 | -€665 | -21.7% |
| Financial charges | 65/66B | €9,983 | €190 | -€9,793 | -98.1% |
| Recurring financial charges | 65 | €9,983 | €190 | -€9,793 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,649 | -€13,752 | +€1,897 | +12.1% |
| Transfer from deferred taxes | 780 | €154 | €0 | -€154 | -100% |
| Income taxes | 67/77 | €67 | €90 | +€23 | +33.6% |
| Profit (loss) for the period | 9904 | -€15,563 | -€13,842 | +€1,721 | +11.1% |
| Transfer from tax-exempt reserves | 789 | €462 | €0 | -€462 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,100 | -€13,842 | +€1,259 | +8.3% |
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 18 October 2026 via checked.be.