Lien De Borre: 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.
Lien De Borre
Largest movements
- Cash +€59,198
up €59,198 (+111%), from €53,470 to €112,668
mainly Net result for the year (+€63,821) and Tax, wage and social debts (+€9,846)
- Receivables within one year +€13,310
up €13,310 (+1,232,407%), from €1 to €13,311
of which Trade receivables: +€13,310
- Tangible fixed assets -€2,894
down €2,894 (-41.1%), from €7,045 to €4,151
- Reserves +€63,821
up €63,821 (+197%), from €32,316 to €96,136
- Tax, wage and social debts +€9,846
up €9,846 (+69.3%), from €14,198 to €24,044
- Other debts -€4,549
down €4,549 (-49.2%), from €9,250 to €4,700
- Gross operating margin +€48,028
up €48,028 (+130%), from €36,895 to €84,923
- Taxes +€9,823
up €9,823 (+129%), from €7,613 to €17,435
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 | €60,746 | €130,368 | +€69,622 | +115% |
| Fixed assets | 21/28 | €7,045 | €4,151 | -€2,894 | -41.1% |
| Tangible fixed assets | 22/27 | €7,045 | €4,151 | -€2,894 | -41.1% |
| Furniture and vehicles | 24 | €7,045 | €4,151 | -€2,894 | -41.1% |
| Current assets | 29/58 | €53,701 | €126,217 | +€72,516 | +135% |
| Amounts receivable within one year | 40/41 | €1 | €13,311 | +€13,310 | +1,232,407% |
| Trade receivables | 40 | €0 | €13,310 | +€13,310 | |
| Other amounts receivable | 41 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,470 | €112,668 | +€59,198 | +111% |
| Deferred charges and accrued income | 490/1 | €230 | €238 | +€8 | +3.5% |
| Total equity and liabilities | 10/49 | €60,746 | €130,368 | +€69,622 | +115% |
| Equity | 10/15 | €35,316 | €99,136 | +€63,821 | +181% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,316 | €96,136 | +€63,821 | +197% |
| Distributable reserves | 133 | €32,316 | €96,136 | +€63,821 | +197% |
| Amounts payable | 17/49 | €25,431 | €31,232 | +€5,801 | +22.8% |
| Amounts payable within one year | 42/48 | €25,431 | €30,804 | +€5,374 | +21.1% |
| Trade debts | 44 | €1,983 | €2,060 | +€77 | +3.9% |
| Suppliers | 440/4 | €1,983 | €2,060 | +€77 | +3.9% |
| Taxes, remuneration and social security | 45 | €14,198 | €24,044 | +€9,846 | +69.3% |
| Taxes | 450/3 | €14,198 | €24,044 | +€9,846 | +69.3% |
| Other amounts payable | 47/48 | €9,250 | €4,700 | -€4,549 | -49.2% |
| Accrued charges and deferred income | 492/3 | - | €427 | +€427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,894 | €2,894 | = | 0.0% |
| Other operating charges | 640/8 | €639 | €592 | -€47 | -7.3% |
| Gross operating margin | 9900 | €36,895 | €84,923 | +€48,028 | +130% |
| Operating profit (loss) | 9901 | €33,362 | €81,436 | +€48,074 | +144% |
| Financial income | 75/76B | €95 | €290 | +€195 | +206% |
| Recurring financial income | 75 | €95 | €290 | +€195 | +206% |
| Financial charges | 65/66B | €19 | €470 | +€451 | +2,397% |
| Recurring financial charges | 65 | €19 | €470 | +€451 | +2,397% |
| Profit (loss) for the period before taxes | 9903 | €33,438 | €81,256 | +€47,818 | +143% |
| Income taxes | 67/77 | €7,613 | €17,435 | +€9,823 | +129% |
| Profit (loss) for the period | 9904 | €25,825 | €63,821 | +€37,996 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €25,825 | €63,821 | +€37,996 | +147% |
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 31 October 2026 via checked.be.