Lien Winne: 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.
Lien Winne
Largest movements
- Receivables within one year +€115,788
up €115,788 (+90.2%), from €128,416 to €244,204
of which Trade receivables: +€131,374
- Cash +€41,961
up €41,961 (+27.4%), from €152,911 to €194,872
mainly Net result for the year (+€496,042) and Other debts (+€141,243)
- Other debts +€141,243
up €141,243 (+38.9%), from €363,217 to €504,459
- Tax, wage and social debts +€27,975
up €27,975 (+30.4%), from €92,086 to €120,061
- Current portion of long-term debt -€7,499
down €7,499 (-100.0%), from €7,499 to €0
- Gross operating margin +€218,318
up €218,318 (+49.6%), from €440,140 to €658,458
- Taxes +€56,706
up €56,706 (+53.4%), from €106,274 to €162,981
- Depreciation -€11,435
down €11,435 (-76.2%), from €15,013 to €3,578
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.
Cash bridge derived
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 | €492,266 | €645,920 | +€153,654 | +31.2% |
| Fixed assets | 21/28 | €13,002 | €11,356 | -€1,647 | -12.7% |
| Tangible fixed assets | 22/27 | €13,002 | €11,356 | -€1,647 | -12.7% |
| Furniture and vehicles | 24 | €13,002 | €11,356 | -€1,647 | -12.7% |
| Current assets | 29/58 | €479,264 | €634,564 | +€155,300 | +32.4% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €128,416 | €244,204 | +€115,788 | +90.2% |
| Trade receivables | 40 | €112,830 | €244,204 | +€131,374 | +116.4% |
| Other amounts receivable | 41 | €15,586 | €0 | -€15,586 | -100.0% |
| Cash at bank and in hand | 54/58 | €152,911 | €194,872 | +€41,961 | +27.4% |
| Deferred charges and accrued income | 490/1 | €7,936 | €5,488 | -€2,448 | -30.9% |
| Total equity and liabilities | 10/49 | €492,266 | €645,920 | +€153,654 | +31.2% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €473,716 | €627,370 | +€153,654 | +32.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €470,107 | €626,120 | +€156,013 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €7,499 | €0 | -€7,499 | -100.0% |
| Trade debts | 44 | €7,305 | €1,599 | -€5,706 | -78.1% |
| Suppliers | 440/4 | €7,305 | €1,599 | -€5,706 | -78.1% |
| Taxes, remuneration and social security | 45 | €92,086 | €120,061 | +€27,975 | +30.4% |
| Taxes | 450/3 | €92,086 | €120,061 | +€27,975 | +30.4% |
| Other amounts payable | 47/48 | €363,217 | €504,459 | +€141,243 | +38.9% |
| Accrued charges and deferred income | 492/3 | €3,609 | €1,250 | -€2,359 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,013 | €3,578 | -€11,435 | -76.2% |
| Other operating charges | 640/8 | €1,140 | €790 | -€350 | -30.7% |
| Non-recurring operating charges | 66A | - | €1,326 | +€1,326 | |
| Gross operating margin | 9900 | €440,140 | €658,458 | +€218,318 | +49.6% |
| Operating profit (loss) | 9901 | €423,987 | €652,764 | +€228,777 | +54.0% |
| Financial income | 75/76B | €9,499 | €6,659 | -€2,840 | -29.9% |
| Recurring financial income | 75 | €9,499 | €6,659 | -€2,840 | -29.9% |
| Financial charges | 65/66B | €401 | €400 | -€0 | -0.1% |
| Recurring financial charges | 65 | €401 | €400 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €433,085 | €659,023 | +€225,938 | +52.2% |
| Income taxes | 67/77 | €106,274 | €162,981 | +€56,706 | +53.4% |
| Profit (loss) for the period | 9904 | €326,811 | €496,042 | +€169,231 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €326,811 | €496,042 | +€169,231 | +51.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.