4 - LINDEN: 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.
4 - LINDEN
Largest movements
- Cash +€63,875
up €63,875 (+743%), from €8,603 to €72,478
mainly Receivables within one year (+€39,404) and Net result for the year (+€24,166)
- Receivables within one year -€39,404
down €39,404 (-91.3%), from €43,174 to €3,770
of which Trade receivables: -€37,855
- Tangible fixed assets +€2,273
up €2,273 (+188%), from €1,209 to €3,482
- Deferred charges and accrued income +€1,023
new in 2025: €1,023
- Reserves +€19,707
new in 2025: €19,707
- Trade debts +€9,370
up €9,370 (+56.1%), from €16,705 to €26,076
- Other debts -€6,235
down €6,235 (-45.3%), from €13,761 to €7,526
- Profit (loss) carried forward +€4,460
no longer reported in 2025 (was -€4,460)
- Current portion of long-term debt +€844
new in 2025: €844
- Gross operating margin +€37,522
up €37,522 (+2,668%), from €1,406 to €38,928
- Taxes +€10,582
up €10,582 (+2,798%), from €378 to €10,960
- Other operating charges +€1,297
up €1,297 (+175%), from €742 to €2,039
- Depreciation +€697
up €697 (+2,341%), from €30 to €727
- Staff costs +€430
new in 2025: €430
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 | €52,985 | €80,752 | +€27,767 | +52.4% |
| Fixed assets | 21/28 | €1,209 | €3,482 | +€2,273 | +188% |
| Tangible fixed assets | 22/27 | €1,209 | €3,482 | +€2,273 | +188% |
| Plant, machinery and equipment | 23 | €1,209 | €3,482 | +€2,273 | +188% |
| Current assets | 29/58 | €51,776 | €77,270 | +€25,494 | +49.2% |
| Amounts receivable within one year | 40/41 | €43,174 | €3,770 | -€39,404 | -91.3% |
| Trade receivables | 40 | €37,855 | - | -€37,855 | |
| Other amounts receivable | 41 | €5,319 | €3,770 | -€1,549 | -29.1% |
| Cash at bank and in hand | 54/58 | €8,603 | €72,478 | +€63,875 | +743% |
| Deferred charges and accrued income | 490/1 | - | €1,023 | +€1,023 | |
| Total equity and liabilities | 10/49 | €52,985 | €80,752 | +€27,767 | +52.4% |
| Equity | 10/15 | €14,140 | €38,307 | +€24,166 | +171% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €19,707 | +€19,707 | |
| Distributable reserves | 133 | - | €19,707 | +€19,707 | |
| Profit (loss) carried forward | 14 | -€4,460 | - | +€4,460 | |
| Amounts payable | 17/49 | €38,845 | €42,446 | +€3,601 | +9.3% |
| Amounts payable within one year | 42/48 | €30,845 | €34,446 | +€3,601 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | - | €844 | +€844 | |
| Trade debts | 44 | €16,705 | €26,076 | +€9,370 | +56.1% |
| Suppliers | 440/4 | €16,705 | €26,076 | +€9,370 | +56.1% |
| Taxes, remuneration and social security | 45 | €378 | - | -€378 | |
| Taxes | 450/3 | €378 | - | -€378 | |
| Other amounts payable | 47/48 | €13,761 | €7,526 | -€6,235 | -45.3% |
| Accrued charges and deferred income | 492/3 | €8,000 | €8,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €430 | +€430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30 | €727 | +€697 | +2,341% |
| Other operating charges | 640/8 | €742 | €2,039 | +€1,297 | +175% |
| Gross operating margin | 9900 | €1,406 | €38,928 | +€37,522 | +2,668% |
| Operating profit (loss) | 9901 | €635 | €35,732 | +€35,097 | +5,529% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €663 | €655 | -€9 | -1.3% |
| Recurring financial charges | 65 | €663 | €655 | -€9 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€29 | €35,126 | +€35,155 | |
| Income taxes | 67/77 | €378 | €10,960 | +€10,582 | +2,798% |
| Profit (loss) for the period | 9904 | -€407 | €24,166 | +€24,573 | |
| Profit (loss) for the period to be appropriated | 9905 | -€407 | €24,166 | +€24,573 |
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 19 October 2026 via checked.be.