Dr. Linders: what changed
Two fiscal 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. Linders
Largest movements
- Receivables within one year +€20,715
up €20,715 (+576.2%), from €3,595 to €24,311
of which Trade receivables: +€19,155
- Tangible fixed assets +€3,918
up €3,918 (+30.4%), from €12,876 to €16,794
of which Land and buildings: +€6,213
- Stocks and contracts +€3,532
up €3,532 (+17.5%), from €20,190 to €23,722
- Deferred charges and accrued income +€1,573
up €1,573 (+647.6%), from €243 to €1,816
- Cash -€1,221
down €1,221 (-18.5%), from €6,614 to €5,393
mainly Receivables within one year (-€20,715) and Other debts (-€14,202)
- Profit (loss) carried forward +€33,283
up €33,283 (+734.6%), from €4,531 to €37,814
- Other debts -€14,202
down €14,202 (-49.7%), from €28,583 to €14,381
- Trade debts +€3,904
up €3,904 (+161.7%), from €2,414 to €6,317
- Tax, wage and social debts +€3,811
up €3,811 (+69.4%), from €5,489 to €9,301
- Accrued charges and deferred income +€1,723
new in 2024: €1,723
- Gross operating margin +€35,949
up €35,949 (+244.1%), from €14,729 to €50,678
- Taxes +€6,853
up €6,853 (+262.7%), from €2,608 to €9,461
- Other operating charges -€1,766
down €1,766 (-81.0%), from €2,178 to €413
- Financial charges +€1,404
up €1,404 (+117.6%), from €1,195 to €2,599
- Depreciation +€845
up €845 (+20.0%), from €4,224 to €5,069
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,517 | €72,036 | +€28,518 | +65.5% |
| Fixed assets | 21/28 | €12,876 | €16,794 | +€3,918 | +30.4% |
| Tangible fixed assets | 22/27 | €12,876 | €16,794 | +€3,918 | +30.4% |
| Land and buildings | 22 | - | €6,213 | +€6,213 | |
| Plant, machinery and equipment | 23 | - | €1,887 | +€1,887 | |
| Furniture and vehicles | 24 | €11,114 | €7,301 | -€3,813 | -34.3% |
| Other tangible fixed assets | 26 | €1,762 | €1,392 | -€370 | -21.0% |
| Current assets | 29/58 | €30,642 | €55,242 | +€24,600 | +80.3% |
| Stocks and contracts in progress | 3 | €20,190 | €23,722 | +€3,532 | +17.5% |
| Stocks | 30/36 | €20,190 | €23,722 | +€3,532 | +17.5% |
| Amounts receivable within one year | 40/41 | €3,595 | €24,311 | +€20,715 | +576.2% |
| Trade receivables | 40 | €3,595 | €22,750 | +€19,155 | +532.8% |
| Other amounts receivable | 41 | - | €1,561 | +€1,561 | |
| Cash at bank and in hand | 54/58 | €6,614 | €5,393 | -€1,221 | -18.5% |
| Deferred charges and accrued income | 490/1 | €243 | €1,816 | +€1,573 | +647.6% |
| Total equity and liabilities | 10/49 | €43,517 | €72,036 | +€28,518 | +65.5% |
| Equity | 10/15 | €7,031 | €40,314 | +€33,283 | +473.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,531 | €37,814 | +€33,283 | +734.6% |
| Amounts payable | 17/49 | €36,486 | €31,722 | -€4,764 | -13.1% |
| Amounts payable within one year | 42/48 | €36,486 | €29,999 | -€6,487 | -17.8% |
| Trade debts | 44 | €2,414 | €6,317 | +€3,904 | +161.7% |
| Suppliers | 440/4 | €2,414 | €6,317 | +€3,904 | +161.7% |
| Taxes, remuneration and social security | 45 | €5,489 | €9,301 | +€3,811 | +69.4% |
| Taxes | 450/3 | €5,489 | €9,301 | +€3,811 | +69.4% |
| Other amounts payable | 47/48 | €28,583 | €14,381 | -€14,202 | -49.7% |
| Accrued charges and deferred income | 492/3 | - | €1,723 | +€1,723 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,224 | €5,069 | +€845 | +20.0% |
| Other operating charges | 640/8 | €2,178 | €413 | -€1,766 | -81.0% |
| Gross operating margin | 9900 | €14,729 | €50,678 | +€35,949 | +244.1% |
| Operating profit (loss) | 9901 | €8,326 | €45,196 | +€36,870 | +442.8% |
| Financial income | 75/76B | €7 | €146 | +€139 | +1895.8% |
| Recurring financial income | 75 | €7 | €146 | +€139 | +1895.8% |
| Financial charges | 65/66B | €1,195 | €2,599 | +€1,404 | +117.6% |
| Recurring financial charges | 65 | €1,195 | €2,599 | +€1,404 | +117.6% |
| Profit (loss) for the period before taxes | 9903 | €7,139 | €42,744 | +€35,605 | +498.7% |
| Income taxes | 67/77 | €2,608 | €9,461 | +€6,853 | +262.7% |
| Profit (loss) for the period | 9904 | €4,531 | €33,283 | +€28,752 | +634.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,531 | €33,283 | +€28,752 | +634.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.