De Linnenwinkel: 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 Linnenwinkel
Largest movements
- Current investments +€30,643
up €30,643 (+11.8%), from €259,588 to €290,230
- Tangible fixed assets -€20,891
down €20,891 (-6.7%), from €313,716 to €292,825
of which Land and buildings: -€31,011
- Cash -€19,965
down €19,965 (-8.8%), from €226,972 to €207,007
mainly Contributions, distributions and other (-€51,253) and Debts after one year (-€42,525)
- Stocks and contracts +€12,660
up €12,660 (+5.8%), from €218,339 to €230,999
- Debts after one year -€42,525
down €42,525 (-17.2%), from €246,853 to €204,328
of which Financial debts: -€42,525
- Reserves +€39,335
up €39,335 (+5.7%), from €684,396 to €723,730
- Trade debts +€14,310
up €14,310 (+158%), from €9,038 to €23,348
- Gross operating margin +€12,426
up €12,426 (+4.3%), from €287,684 to €300,110
- Staff costs +€8,479
up €8,479 (+7.0%), from €121,213 to €129,692
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 | €1,045,196 | €1,051,792 | +€6,596 | +0.6% |
| Fixed assets | 21/28 | €313,716 | €292,825 | -€20,891 | -6.7% |
| Tangible fixed assets | 22/27 | €313,716 | €292,825 | -€20,891 | -6.7% |
| Land and buildings | 22 | €296,379 | €265,368 | -€31,011 | -10.5% |
| Plant, machinery and equipment | 23 | €3,140 | €1,088 | -€2,052 | -65.4% |
| Furniture and vehicles | 24 | €14,198 | €26,369 | +€12,172 | +85.7% |
| Current assets | 29/58 | €731,480 | €758,967 | +€27,487 | +3.8% |
| Stocks and contracts in progress | 3 | €218,339 | €230,999 | +€12,660 | +5.8% |
| Stocks | 30/36 | €218,339 | €230,999 | +€12,660 | +5.8% |
| Amounts receivable within one year | 40/41 | €7,618 | €15,583 | +€7,965 | +105% |
| Trade receivables | 40 | €10 | €1,676 | +€1,666 | +17,179% |
| Other amounts receivable | 41 | €7,608 | €13,907 | +€6,299 | +82.8% |
| Current investments | 50/53 | €259,588 | €290,230 | +€30,643 | +11.8% |
| Cash at bank and in hand | 54/58 | €226,972 | €207,007 | -€19,965 | -8.8% |
| Deferred charges and accrued income | 490/1 | €18,964 | €15,148 | -€3,816 | -20.1% |
| Total equity and liabilities | 10/49 | €1,045,196 | €1,051,792 | +€6,596 | +0.6% |
| Equity | 10/15 | €709,396 | €748,730 | +€39,335 | +5.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €684,396 | €723,730 | +€39,335 | +5.7% |
| Distributable reserves | 133 | €684,396 | €723,730 | +€39,335 | +5.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €335,801 | €303,062 | -€32,739 | -9.7% |
| Amounts payable after more than one year | 17 | €246,853 | €204,328 | -€42,525 | -17.2% |
| Financial debts | 170/4 | €245,953 | €203,428 | -€42,525 | -17.3% |
| Other amounts payable | 178/9 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,948 | €98,734 | +€9,786 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €46,911 | €43,300 | -€3,612 | -7.7% |
| Trade debts | 44 | €9,038 | €23,348 | +€14,310 | +158% |
| Suppliers | 440/4 | €9,038 | €23,348 | +€14,310 | +158% |
| Taxes, remuneration and social security | 45 | €22,177 | €22,889 | +€712 | +3.2% |
| Taxes | 450/3 | €8,017 | €9,841 | +€1,823 | +22.7% |
| Remuneration and social security | 454/9 | €14,160 | €13,048 | -€1,111 | -7.8% |
| Other amounts payable | 47/48 | €10,821 | €9,197 | -€1,624 | -15.0% |
| Remuneration, social security and pensions | 62 | €121,213 | €129,692 | +€8,479 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,688 | €38,167 | -€521 | -1.3% |
| Other operating charges | 640/8 | €6,273 | €5,475 | -€798 | -12.7% |
| Gross operating margin | 9900 | €287,684 | €300,110 | +€12,426 | +4.3% |
| Operating profit (loss) | 9901 | €121,510 | €126,776 | +€5,266 | +4.3% |
| Financial income | 75/76B | €16,767 | €16,295 | -€472 | -2.8% |
| Recurring financial income | 75 | €16,767 | €16,295 | -€472 | -2.8% |
| Financial charges | 65/66B | €17,574 | €14,767 | -€2,807 | -16.0% |
| Recurring financial charges | 65 | €17,574 | €14,767 | -€2,807 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €120,703 | €128,304 | +€7,601 | +6.3% |
| Income taxes | 67/77 | €35,146 | €37,716 | +€2,570 | +7.3% |
| Profit (loss) for the period | 9904 | €85,557 | €90,588 | +€5,031 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,557 | €90,588 | +€5,031 | +5.9% |
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 30 October 2026 via checked.be.