Dr.Linde Germijns: 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.
Dr.Linde Germijns
Largest movements
- Cash +€103,326
up €103,326 (+310%), from €33,298 to €136,624
mainly Other debts (+€90,812) and Net result for the year (+€81,479)
- Current investments -€22,500
down €22,500 (-28.1%), from €80,000 to €57,500
- Receivables within one year -€6,984
down €6,984 (-96.9%), from €7,210 to €227
- Other debts +€90,812
up €90,812 (+1,337%), from €6,793 to €97,605
- Reserves -€36,021
down €36,021 (-30.9%), from €116,592 to €80,572
- Tax, wage and social debts +€21,174
up €21,174 (+369%), from €5,737 to €26,911
of which Taxes: +€21,112
- Gross operating margin +€20,038
up €20,038 (+23.3%), from €85,967 to €106,005
- Taxes +€4,862
up €4,862 (+28.9%), from €16,806 to €21,668
- Financial income +€2,142
new in 2025: €2,142
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 | €136,384 | €211,868 | +€75,484 | +55.3% |
| Fixed assets | 21/28 | €10,769 | €12,139 | +€1,370 | +12.7% |
| Tangible fixed assets | 22/27 | €8,769 | €10,139 | +€1,370 | +15.6% |
| Plant, machinery and equipment | 23 | €2,980 | €5,827 | +€2,847 | +95.6% |
| Furniture and vehicles | 24 | €5,789 | €4,312 | -€1,478 | -25.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €125,615 | €199,729 | +€74,114 | +59.0% |
| Amounts receivable within one year | 40/41 | €7,210 | €227 | -€6,984 | -96.9% |
| Trade receivables | 40 | €7,210 | €227 | -€6,984 | -96.9% |
| Current investments | 50/53 | €80,000 | €57,500 | -€22,500 | -28.1% |
| Cash at bank and in hand | 54/58 | €33,298 | €136,624 | +€103,326 | +310% |
| Deferred charges and accrued income | 490/1 | €5,107 | €5,379 | +€272 | +5.3% |
| Total equity and liabilities | 10/49 | €136,384 | €211,868 | +€75,484 | +55.3% |
| Equity | 10/15 | €121,592 | €85,572 | -€36,021 | -29.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €116,592 | €80,572 | -€36,021 | -30.9% |
| Distributable reserves | 133 | €116,592 | €80,572 | -€36,021 | -30.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,792 | €126,296 | +€111,504 | +754% |
| Amounts payable within one year | 42/48 | €14,792 | €126,296 | +€111,504 | +754% |
| Trade debts | 44 | €2,261 | €1,780 | -€482 | -21.3% |
| Suppliers | 440/4 | €2,261 | €1,780 | -€482 | -21.3% |
| Taxes, remuneration and social security | 45 | €5,737 | €26,911 | +€21,174 | +369% |
| Taxes | 450/3 | €3,437 | €24,549 | +€21,112 | +614% |
| Remuneration and social security | 454/9 | €2,300 | €2,362 | +€62 | +2.7% |
| Other amounts payable | 47/48 | €6,793 | €97,605 | +€90,812 | +1,337% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €2,724 | +€1,058 | +63.5% |
| Other operating charges | 640/8 | €207 | €808 | +€601 | +291% |
| Gross operating margin | 9900 | €85,967 | €106,005 | +€20,038 | +23.3% |
| Operating profit (loss) | 9901 | €84,094 | €102,473 | +€18,379 | +21.9% |
| Financial income | 75/76B | - | €2,142 | +€2,142 | |
| Recurring financial income | 75 | - | €2,142 | +€2,142 | |
| Financial charges | 65/66B | €1,937 | €1,468 | -€469 | -24.2% |
| Recurring financial charges | 65 | €1,937 | €1,468 | -€469 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €82,157 | €103,147 | +€20,990 | +25.5% |
| Income taxes | 67/77 | €16,806 | €21,668 | +€4,862 | +28.9% |
| Profit (loss) for the period | 9904 | €65,352 | €81,479 | +€16,128 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,352 | €81,479 | +€16,128 | +24.7% |
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.