De Lindelaer: 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 Lindelaer
Largest movements
- Cash -€30,308
down €30,308 (-29.6%), from €102,341 to €72,033
mainly Investment in fixed assets (net) (-€76,428) and Debts after one year (-€42,474)
- Receivables after one year -€22,908
down €22,908 (-30.6%), from €74,960 to €52,052
- Tangible fixed assets +€16,956
up €16,956 (+1.3%), from €1.3m to €1.3m
of which Land and buildings: +€17,176
- Debts after one year -€42,474
down €42,474 (-5.6%), from €759,025 to €716,551
- Other operating charges -€31,785
down €31,785 (-73.2%), from €43,434 to €11,649
- Depreciation +€12,004
up €12,004 (+25.3%), from €47,467 to €59,472
- Financial charges +€10,413
up €10,413 (+31.4%), from €33,174 to €43,587
- Financial income +€2,906
up €2,906 (+82.3%), from €3,532 to €6,438
- Gross operating margin +€2,657
up €2,657 (+2.7%), from €98,895 to €101,552
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 | €1,534,531 | €1,501,006 | -€33,525 | -2.2% |
| Fixed assets | 21/28 | €1,329,462 | €1,346,417 | +€16,956 | +1.3% |
| Tangible fixed assets | 22/27 | €1,327,984 | €1,344,940 | +€16,956 | +1.3% |
| Land and buildings | 22 | €1,327,716 | €1,344,892 | +€17,176 | +1.3% |
| Plant, machinery and equipment | 23 | €268 | €48 | -€220 | -82.0% |
| Financial fixed assets | 28 | €1,477 | €1,477 | = | 0.0% |
| Current assets | 29/58 | €205,070 | €154,589 | -€50,480 | -24.6% |
| Amounts receivable after more than one year | 29 | €74,960 | €52,052 | -€22,908 | -30.6% |
| Other amounts receivable | 291 | €74,960 | €52,052 | -€22,908 | -30.6% |
| Amounts receivable within one year | 40/41 | €22,834 | €24,143 | +€1,309 | +5.7% |
| Trade receivables | 40 | - | €329 | +€329 | |
| Other amounts receivable | 41 | €22,834 | €23,815 | +€980 | +4.3% |
| Cash at bank and in hand | 54/58 | €102,341 | €72,033 | -€30,308 | -29.6% |
| Deferred charges and accrued income | 490/1 | €4,934 | €6,360 | +€1,426 | +28.9% |
| Total equity and liabilities | 10/49 | €1,534,531 | €1,501,006 | -€33,525 | -2.2% |
| Equity | 10/15 | €489,008 | €482,290 | -€6,718 | -1.4% |
| Contributions | 10/11 | €110,355 | €110,355 | = | 0.0% |
| Reserves | 13 | €378,653 | €371,935 | -€6,718 | -1.8% |
| Tax-exempt reserves | 132 | €8,224 | €8,224 | = | 0.0% |
| Distributable reserves | 133 | €370,429 | €363,711 | -€6,718 | -1.8% |
| Amounts payable | 17/49 | €1,045,523 | €1,018,717 | -€26,807 | -2.6% |
| Amounts payable after more than one year | 17 | €759,025 | €716,551 | -€42,474 | -5.6% |
| Financial debts | 170/4 | €759,025 | €716,551 | -€42,474 | -5.6% |
| Amounts payable within one year | 42/48 | €286,498 | €300,516 | +€14,018 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €40,975 | €42,474 | +€1,499 | +3.7% |
| Trade debts | 44 | €6,570 | €7,138 | +€568 | +8.6% |
| Suppliers | 440/4 | €6,570 | €7,138 | +€568 | +8.6% |
| Taxes, remuneration and social security | 45 | €3,022 | €4,393 | +€1,371 | +45.4% |
| Taxes | 450/3 | €3,022 | €4,393 | +€1,371 | +45.4% |
| Other amounts payable | 47/48 | €235,931 | €246,511 | +€10,580 | +4.5% |
| Accrued charges and deferred income | 492/3 | - | €1,650 | +€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,467 | €59,472 | +€12,004 | +25.3% |
| Other operating charges | 640/8 | €43,434 | €11,649 | -€31,785 | -73.2% |
| Gross operating margin | 9900 | €98,895 | €101,552 | +€2,657 | +2.7% |
| Operating profit (loss) | 9901 | €7,994 | €30,431 | +€22,437 | +281% |
| Financial income | 75/76B | €3,532 | €6,438 | +€2,906 | +82.3% |
| Recurring financial income | 75 | €3,532 | €6,438 | +€2,906 | +82.3% |
| Financial charges | 65/66B | €33,174 | €43,587 | +€10,413 | +31.4% |
| Recurring financial charges | 65 | €33,174 | €43,587 | +€10,413 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,648 | -€6,718 | +€14,930 | +69.0% |
| Profit (loss) for the period | 9904 | -€21,648 | -€6,718 | +€14,930 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,648 | -€6,718 | +€14,930 | +69.0% |
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 23 October 2026 via checked.be.