LienFin bv: 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.
LienFin bv
Largest movements
- Cash +€101,366
up €101,366 (+75.0%), from €135,226 to €236,592
mainly Net result for the year (+€383,247) and Receivables within one year (+€13,242)
- Reserves +€383,247
up €383,247 (+480%), from €79,872 to €463,119
- Debts after one year -€257,143
down €257,143 (-16.7%), from €1.5m to €1.3m
- Short-term financial debts -€27,849
down €27,849 (-57.1%), from €48,742 to €20,893
- Financial income +€250,000
new in 2025: €250,000
- Turnover +€91,500
up €91,500 (+40.5%), from €226,000 to €317,500
- Gross operating margin +€78,077
up €78,077 (+49.8%), from €156,921 to €234,998
- Taxes +€18,266
up €18,266 (+68.5%), from €26,652 to €44,918
- Purchases and services +€13,423
up €13,423 (+19.4%), from €69,079 to €82,502
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 | €2,041,491 | €2,128,477 | +€86,986 | +4.3% |
| Fixed assets | 21/28 | €1,839,265 | €1,838,127 | -€1,138 | -0.1% |
| Tangible fixed assets | 22/27 | €5,094 | €3,956 | -€1,138 | -22.3% |
| Plant, machinery and equipment | 23 | €1,229 | €778 | -€451 | -36.7% |
| Furniture and vehicles | 24 | €3,865 | €3,178 | -€687 | -17.8% |
| Financial fixed assets | 28 | €1,834,171 | €1,834,171 | = | 0.0% |
| Current assets | 29/58 | €202,226 | €290,350 | +€88,124 | +43.6% |
| Amounts receivable within one year | 40/41 | €67,000 | €53,758 | -€13,242 | -19.8% |
| Trade receivables | 40 | €67,000 | €53,500 | -€13,500 | -20.1% |
| Other amounts receivable | 41 | - | €258 | +€258 | |
| Cash at bank and in hand | 54/58 | €135,226 | €236,592 | +€101,366 | +75.0% |
| Total equity and liabilities | 10/49 | €2,041,491 | €2,128,477 | +€86,986 | +4.3% |
| Equity | 10/15 | €179,872 | €563,119 | +€383,247 | +213% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €79,872 | €463,119 | +€383,247 | +480% |
| Distributable reserves | 133 | €79,872 | €463,119 | +€383,247 | +480% |
| Amounts payable | 17/49 | €1,861,619 | €1,565,358 | -€296,261 | -15.9% |
| Amounts payable after more than one year | 17 | €1,542,857 | €1,285,714 | -€257,143 | -16.7% |
| Other amounts payable | 178/9 | €1,542,857 | €1,285,714 | -€257,143 | -16.7% |
| Amounts payable within one year | 42/48 | €318,762 | €279,644 | -€39,118 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €257,143 | €257,143 | = | 0.0% |
| Financial debts | 43 | €48,742 | €20,893 | -€27,849 | -57.1% |
| Other loans | 439 | €48,742 | €20,893 | -€27,849 | -57.1% |
| Trade debts | 44 | - | €408 | +€408 | |
| Suppliers | 440/4 | - | €408 | +€408 | |
| Taxes, remuneration and social security | 45 | €12,877 | €1,200 | -€11,677 | -90.7% |
| Taxes | 450/3 | €12,877 | €1,200 | -€11,677 | -90.7% |
| Turnover | 70 | €226,000 | €317,500 | +€91,500 | +40.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €69,079 | €82,502 | +€13,423 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678 | €1,138 | +€460 | +67.8% |
| Other operating charges | 640/8 | €914 | €528 | -€386 | -42.2% |
| Gross operating margin | 9900 | €156,921 | €234,998 | +€78,077 | +49.8% |
| Operating profit (loss) | 9901 | €155,329 | €233,332 | +€78,003 | +50.2% |
| Financial income | 75/76B | - | €250,000 | +€250,000 | |
| Recurring financial income | 75 | - | €250,000 | +€250,000 | |
| Financial charges | 65/66B | €48,804 | €55,167 | +€6,363 | +13.0% |
| Recurring financial charges | 65 | €48,804 | €55,167 | +€6,363 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €106,525 | €428,165 | +€321,640 | +302% |
| Income taxes | 67/77 | €26,652 | €44,918 | +€18,266 | +68.5% |
| Profit (loss) for the period | 9904 | €79,873 | €383,247 | +€303,374 | +380% |
| Profit (loss) for the period to be appropriated | 9905 | €79,873 | €383,247 | +€303,374 | +380% |
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 27 October 2026 via checked.be.