K. LINSEN & ZOON: 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.
K. LINSEN & ZOON
Largest movements
- Receivables within one year +€79,844
up €79,844 (+582%), from €13,719 to €93,563
of which Trade receivables: +€66,768
- Deferred charges and accrued income -€54,205
down €54,205 (-68.0%), from €79,695 to €25,490
- Cash -€42,495
down €42,495 (-26.4%), from €160,998 to €118,503
mainly Receivables within one year (-€79,844) and Debts after one year (-€51,956)
- Tangible fixed assets -€30,282
down €30,282 (-20.9%), from €145,008 to €114,727
of which Furniture and vehicles: -€25,078
- Debts after one year -€51,956
down €51,956 (-26.8%), from €193,592 to €141,635
of which Advances received on contracts in progress: -€46,421
- Profit (loss) carried forward +€24,774
up €24,774 (+17.4%), from -€142,510 to -€117,736
- Trade debts -€10,421
down €10,421 (-12.8%), from €81,293 to €70,872
- Current portion of long-term debt -€4,664
down €4,664 (-45.7%), from €10,200 to €5,535
- Gross operating margin -€18,672
down €18,672 (-21.2%), from €88,024 to €69,352
- Other operating charges -€9,879
down €9,879 (-52.5%), from €18,831 to €8,952
- Financial income +€4,340
up €4,340 (+1,270%), from €342 to €4,682
- Financial charges +€3,768
up €3,768 (+90.5%), from €4,162 to €7,930
- Taxes -€3,001
down €3,001 (-85.5%), from €3,509 to €508
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 | €400,693 | €354,735 | -€45,958 | -11.5% |
| Fixed assets | 21/28 | €145,008 | €114,727 | -€30,282 | -20.9% |
| Tangible fixed assets | 22/27 | €145,008 | €114,727 | -€30,282 | -20.9% |
| Land and buildings | 22 | €65,873 | €60,084 | -€5,789 | -8.8% |
| Plant, machinery and equipment | 23 | €1,585 | €2,523 | +€938 | +59.2% |
| Furniture and vehicles | 24 | €76,142 | €51,064 | -€25,078 | -32.9% |
| Other tangible fixed assets | 26 | €1,408 | €1,056 | -€352 | -25.0% |
| Current assets | 29/58 | €255,685 | €240,008 | -€15,676 | -6.1% |
| Stocks and contracts in progress | 3 | €1,273 | €2,452 | +€1,179 | +92.6% |
| Stocks | 30/36 | €1,273 | €2,452 | +€1,179 | +92.6% |
| Amounts receivable within one year | 40/41 | €13,719 | €93,563 | +€79,844 | +582% |
| Trade receivables | 40 | - | €66,768 | +€66,768 | |
| Other amounts receivable | 41 | €13,719 | €26,796 | +€13,076 | +95.3% |
| Cash at bank and in hand | 54/58 | €160,998 | €118,503 | -€42,495 | -26.4% |
| Deferred charges and accrued income | 490/1 | €79,695 | €25,490 | -€54,205 | -68.0% |
| Total equity and liabilities | 10/49 | €400,693 | €354,735 | -€45,958 | -11.5% |
| Equity | 10/15 | €110,588 | €135,363 | +€24,774 | +22.4% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Revaluation surpluses | 12 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €33,099 | €33,099 | = | 0.0% |
| Distributable reserves | 133 | €33,099 | €33,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,510 | -€117,736 | +€24,774 | +17.4% |
| Amounts payable | 17/49 | €290,105 | €219,372 | -€70,732 | -24.4% |
| Amounts payable after more than one year | 17 | €193,592 | €141,635 | -€51,956 | -26.8% |
| Financial debts | 170/4 | €56,270 | €50,735 | -€5,535 | -9.8% |
| Advances received on contracts in progress | 176 | €137,322 | €90,900 | -€46,421 | -33.8% |
| Amounts payable within one year | 42/48 | €96,112 | €77,625 | -€18,487 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €10,200 | €5,535 | -€4,664 | -45.7% |
| Trade debts | 44 | €81,293 | €70,872 | -€10,421 | -12.8% |
| Suppliers | 440/4 | €81,293 | €70,872 | -€10,421 | -12.8% |
| Taxes, remuneration and social security | 45 | €4,619 | €1,219 | -€3,401 | -73.6% |
| Taxes | 450/3 | €4,619 | €1,219 | -€3,401 | -73.6% |
| Accrued charges and deferred income | 492/3 | €401 | €111 | -€290 | -72.2% |
| Non-recurring operating income | 76A | - | €39,330 | +€39,330 | |
| Remuneration, social security and pensions | 62 | €714 | - | -€714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,933 | €31,870 | +€937 | +3.0% |
| Other operating charges | 640/8 | €18,831 | €8,952 | -€9,879 | -52.5% |
| Gross operating margin | 9900 | €88,024 | €69,352 | -€18,672 | -21.2% |
| Operating profit (loss) | 9901 | €37,546 | €28,530 | -€9,016 | -24.0% |
| Financial income | 75/76B | €342 | €4,682 | +€4,340 | +1,270% |
| Recurring financial income | 75 | €342 | €4,682 | +€4,340 | +1,270% |
| Financial charges | 65/66B | €4,162 | €7,930 | +€3,768 | +90.5% |
| Recurring financial charges | 65 | €4,162 | €7,930 | +€3,768 | +90.5% |
| Profit (loss) for the period before taxes | 9903 | €33,725 | €25,282 | -€8,443 | -25.0% |
| Income taxes | 67/77 | €3,509 | €508 | -€3,001 | -85.5% |
| Profit (loss) for the period | 9904 | €30,216 | €24,774 | -€5,441 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,216 | €24,774 | -€5,441 | -18.0% |
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 26 October 2026 via checked.be.