De Lin: 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.
De Lin
Largest movements
- Cash -€150,920
down €150,920 (-23.7%), from €636,458 to €485,537
mainly Other debts (-€283,718) and Contributions, distributions and other (-€150,000)
- Intangible fixed assets -€80,000
down €80,000 (-12.7%), from €627,543 to €547,543
- Tangible fixed assets -€51,337
down €51,337 (-41.1%), from €124,812 to €73,475
of which Furniture and vehicles: -€33,120
- Deferred charges and accrued income +€17,909
up €17,909 (+432.1%), from €4,144 to €22,053
- Other debts -€283,718
down €283,718 (-88.3%), from €321,285 to €37,567
- Profit (loss) carried forward +€153,781
up €153,781 (+19.8%), from €777,068 to €930,849
- Tax, wage and social debts -€115,605
down €115,605 (-52.6%), from €219,766 to €104,162
- Accrued charges and deferred income -€27,388
down €27,388 (-66.3%), from €41,281 to €13,892
- Gross operating margin +€55,739
up €55,739 (+10.5%), from €528,403 to €584,142
- Financial charges -€27,438
down €27,438 (-66.2%), from €41,448 to €14,010
- Depreciation -€22,375
down €22,375 (-12.5%), from €179,240 to €156,865
- Taxes +€20,912
up €20,912 (+28.3%), from €73,818 to €94,730
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.
Cash bridge derived
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 | €1,416,532 | €1,155,574 | -€260,958 | -18.4% |
| Fixed assets | 21/28 | €756,595 | €625,259 | -€131,337 | -17.4% |
| Intangible fixed assets | 21 | €627,543 | €547,543 | -€80,000 | -12.7% |
| Tangible fixed assets | 22/27 | €124,812 | €73,475 | -€51,337 | -41.1% |
| Plant, machinery and equipment | 23 | €44,471 | €26,255 | -€18,216 | -41.0% |
| Furniture and vehicles | 24 | €80,340 | €47,220 | -€33,120 | -41.2% |
| Financial fixed assets | 28 | €4,241 | €4,241 | = | 0.0% |
| Current assets | 29/58 | €659,937 | €530,316 | -€129,621 | -19.6% |
| Amounts receivable within one year | 40/41 | €19,335 | €22,725 | +€3,390 | +17.5% |
| Trade receivables | 40 | €11,846 | €17,613 | +€5,767 | +48.7% |
| Other amounts receivable | 41 | €7,489 | €5,112 | -€2,377 | -31.7% |
| Cash at bank and in hand | 54/58 | €636,458 | €485,537 | -€150,920 | -23.7% |
| Deferred charges and accrued income | 490/1 | €4,144 | €22,053 | +€17,909 | +432.1% |
| Total equity and liabilities | 10/49 | €1,416,532 | €1,155,574 | -€260,958 | -18.4% |
| Equity | 10/15 | €802,068 | €955,849 | +€153,781 | +19.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €777,068 | €930,849 | +€153,781 | +19.8% |
| Amounts payable | 17/49 | €614,465 | €199,726 | -€414,739 | -67.5% |
| Amounts payable within one year | 42/48 | €573,184 | €185,833 | -€387,351 | -67.6% |
| Trade debts | 44 | €32,133 | €44,105 | +€11,972 | +37.3% |
| Suppliers | 440/4 | €32,133 | €44,105 | +€11,972 | +37.3% |
| Taxes, remuneration and social security | 45 | €219,766 | €104,162 | -€115,605 | -52.6% |
| Taxes | 450/3 | €219,766 | €104,162 | -€115,605 | -52.6% |
| Other amounts payable | 47/48 | €321,285 | €37,567 | -€283,718 | -88.3% |
| Accrued charges and deferred income | 492/3 | €41,281 | €13,892 | -€27,388 | -66.3% |
| Remuneration, social security and pensions | 62 | - | €1,256 | +€1,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,240 | €156,865 | -€22,375 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,603 | €2,790 | +€1,187 | +74.0% |
| Other operating charges | 640/8 | €2,705 | €2,157 | -€548 | -20.2% |
| Non-recurring operating charges | 66A | - | €14,812 | +€14,812 | |
| Gross operating margin | 9900 | €528,403 | €584,142 | +€55,739 | +10.5% |
| Operating profit (loss) | 9901 | €344,855 | €406,262 | +€61,407 | +17.8% |
| Financial income | 75/76B | €9,248 | €6,259 | -€2,988 | -32.3% |
| Recurring financial income | 75 | €9,248 | €6,259 | -€2,988 | -32.3% |
| Financial charges | 65/66B | €41,448 | €14,010 | -€27,438 | -66.2% |
| Recurring financial charges | 65 | €41,448 | €14,010 | -€27,438 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €312,654 | €398,511 | +€85,857 | +27.5% |
| Income taxes | 67/77 | €73,818 | €94,730 | +€20,912 | +28.3% |
| Profit (loss) for the period | 9904 | €238,836 | €303,781 | +€64,945 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €238,836 | €303,781 | +€64,945 | +27.2% |
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 10 October 2026 via checked.be.