DE LINDEHOEVE: 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 LINDEHOEVE
Largest movements
- Financial fixed assets -€750,000
down €750,000 (-8.0%), from €9.4m to €8.6m
- Tangible fixed assets +€544,985
up €544,985 (+8.6%), from €6.4m to €6.9m
of which Land and buildings: +€538,577
- Receivables within one year +€270,685
up €270,685 (+19.6%), from €1.4m to €1.6m
of which Trade receivables: +€152,436
- Debts after one year -€465,180
down €465,180 (-7.4%), from €6.3m to €5.8m
of which Financial debts: -€449,195
- Other debts -€459,860
down €459,860 (-11.8%), from €3.9m to €3.4m
- Advances received +€430,110
up €430,110 (+614%), from €70,000 to €500,110
- Reserves +€400,547
new in 2025: €400,547
- Trade debts +€211,629
up €211,629 (+1,142%), from €18,524 to €230,153
- Financial income +€581,592
up €581,592 (+4,438%), from €13,105 to €594,697
- Gross operating margin -€208,099
down €208,099 (-59.5%), from €350,013 to €141,913
- Staff costs -€41,395
no longer reported in 2025 (was €41,395)
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 | €17,147,573 | €17,271,994 | +€124,421 | +0.7% |
| Fixed assets | 21/28 | €15,740,084 | €15,529,069 | -€211,015 | -1.3% |
| Intangible fixed assets | 21 | €6,230 | €230 | -€6,000 | -96.3% |
| Tangible fixed assets | 22/27 | €6,363,587 | €6,908,573 | +€544,985 | +8.6% |
| Land and buildings | 22 | €5,750,778 | €6,289,355 | +€538,577 | +9.4% |
| Plant, machinery and equipment | 23 | €607,622 | €616,690 | +€9,068 | +1.5% |
| Furniture and vehicles | 24 | €5,188 | €2,528 | -€2,660 | -51.3% |
| Financial fixed assets | 28 | €9,370,267 | €8,620,267 | -€750,000 | -8.0% |
| Current assets | 29/58 | €1,407,489 | €1,742,925 | +€335,436 | +23.8% |
| Amounts receivable within one year | 40/41 | €1,378,757 | €1,649,443 | +€270,685 | +19.6% |
| Trade receivables | 40 | €64,268 | €216,704 | +€152,436 | +237% |
| Other amounts receivable | 41 | €1,314,489 | €1,432,738 | +€118,250 | +9.0% |
| Cash at bank and in hand | 54/58 | €28,732 | €92,261 | +€63,529 | +221% |
| Deferred charges and accrued income | 490/1 | - | €1,221 | +€1,221 | |
| Total equity and liabilities | 10/49 | €17,147,573 | €17,271,994 | +€124,421 | +0.7% |
| Equity | 10/15 | €1,795,660 | €2,227,851 | +€432,192 | +24.1% |
| Contributions | 10/11 | €1,827,304 | €1,827,304 | = | 0.0% |
| Reserves | 13 | - | €400,547 | +€400,547 | |
| Distributable reserves | 133 | - | €400,547 | +€400,547 | |
| Profit (loss) carried forward | 14 | -€31,645 | - | +€31,645 | |
| Amounts payable | 17/49 | €15,351,913 | €15,044,143 | -€307,771 | -2.0% |
| Amounts payable after more than one year | 17 | €6,294,065 | €5,828,885 | -€465,180 | -7.4% |
| Financial debts | 170/4 | €1,133,550 | €684,355 | -€449,195 | -39.6% |
| Other amounts payable | 178/9 | €5,160,515 | €5,144,531 | -€15,985 | -0.3% |
| Amounts payable within one year | 42/48 | €9,050,378 | €9,198,527 | +€148,150 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €232,333 | €149,637 | -€82,696 | -35.6% |
| Financial debts | 43 | €4,835,000 | €4,835,000 | = | 0.0% |
| Credit institutions | 430/8 | €4,835,000 | €4,835,000 | = | 0.0% |
| Trade debts | 44 | €18,524 | €230,153 | +€211,629 | +1,142% |
| Suppliers | 440/4 | €18,524 | €230,153 | +€211,629 | +1,142% |
| Advances received on contracts in progress | 46 | €70,000 | €500,110 | +€430,110 | +614% |
| Taxes, remuneration and social security | 45 | €3,445 | €52,412 | +€48,967 | +1,421% |
| Taxes | 450/3 | €3,445 | €52,412 | +€48,967 | +1,421% |
| Other amounts payable | 47/48 | €3,891,076 | €3,431,215 | -€459,860 | -11.8% |
| Accrued charges and deferred income | 492/3 | €7,471 | €16,730 | +€9,259 | +124% |
| Remuneration, social security and pensions | 62 | €41,395 | - | -€41,395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,258 | €8,660 | -€598 | -6.5% |
| Other operating charges | 640/8 | €15,631 | €12,494 | -€3,138 | -20.1% |
| Gross operating margin | 9900 | €350,013 | €141,913 | -€208,099 | -59.5% |
| Operating profit (loss) | 9901 | €283,728 | €120,760 | -€162,968 | -57.4% |
| Financial income | 75/76B | €13,105 | €594,697 | +€581,592 | +4,438% |
| Recurring financial income | 75 | €13,105 | €594,697 | +€581,592 | +4,438% |
| Financial charges | 65/66B | €283,055 | €283,163 | +€109 | 0.0% |
| Recurring financial charges | 65 | €283,055 | €283,163 | +€109 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €13,779 | €432,294 | +€418,515 | +3,037% |
| Income taxes | 67/77 | €148 | €102 | -€46 | -30.8% |
| Profit (loss) for the period | 9904 | €13,631 | €432,192 | +€418,560 | +3,071% |
| Profit (loss) for the period to be appropriated | 9905 | €13,631 | €432,192 | +€418,560 | +3,071% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.