LIJN: 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.
LIJN
Largest movements
- Receivables within one year -€101,380
down €101,380 (-88.2%), from €114,997 to €13,617
of which Other amounts receivable: -€101,746
- Tangible fixed assets -€18,645
down €18,645 (-8.4%), from €221,223 to €202,578
- Cash -€14,491
down €14,491 (-7.3%), from €197,524 to €183,033
mainly Contributions, distributions and other (-€160,828) and Tax, wage and social debts (-€13,920)
- Reserves -€125,685
down €125,685 (-25.6%), from €491,412 to €365,727
of which Distributable reserves: -€125,685
- Tax, wage and social debts -€13,920
down €13,920 (-58.5%), from €23,805 to €9,885
- Other debts +€8,177
new in 2025: €8,177
- Gross operating margin +€6,183
up €6,183 (+11.1%), from €55,618 to €61,801
- Financial income -€3,641
down €3,641 (-59.1%), from €6,163 to €2,522
- Other operating charges +€1,616
up €1,616 (+83.2%), from €1,942 to €3,558
- Depreciation -€1,369
down €1,369 (-11.0%), from €12,425 to €11,056
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 | €537,865 | €405,214 | -€132,651 | -24.7% |
| Fixed assets | 21/28 | €221,313 | €202,668 | -€18,645 | -8.4% |
| Tangible fixed assets | 22/27 | €221,223 | €202,578 | -€18,645 | -8.4% |
| Land and buildings | 22 | €204,203 | €195,159 | -€9,044 | -4.4% |
| Plant, machinery and equipment | 23 | €510 | €217 | -€293 | -57.5% |
| Furniture and vehicles | 24 | €16,510 | €7,202 | -€9,308 | -56.4% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €316,552 | €202,546 | -€114,006 | -36.0% |
| Stocks and contracts in progress | 3 | €3,834 | €3,834 | = | 0.0% |
| Stocks | 30/36 | €3,834 | €3,834 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,997 | €13,617 | -€101,380 | -88.2% |
| Trade receivables | 40 | €12,079 | €12,445 | +€366 | +3.0% |
| Other amounts receivable | 41 | €102,918 | €1,172 | -€101,746 | -98.9% |
| Cash at bank and in hand | 54/58 | €197,524 | €183,033 | -€14,491 | -7.3% |
| Deferred charges and accrued income | 490/1 | €197 | €2,062 | +€1,865 | +947% |
| Total equity and liabilities | 10/49 | €537,865 | €405,214 | -€132,651 | -24.7% |
| Equity | 10/15 | €510,162 | €384,477 | -€125,685 | -24.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €491,412 | €365,727 | -€125,685 | -25.6% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €489,537 | €363,852 | -€125,685 | -25.7% |
| Amounts payable | 17/49 | €27,703 | €20,737 | -€6,966 | -25.1% |
| Amounts payable within one year | 42/48 | €27,703 | €20,737 | -€6,966 | -25.1% |
| Trade debts | 44 | €3,898 | €2,675 | -€1,223 | -31.4% |
| Suppliers | 440/4 | €3,898 | €2,675 | -€1,223 | -31.4% |
| Taxes, remuneration and social security | 45 | €23,805 | €9,885 | -€13,920 | -58.5% |
| Taxes | 450/3 | €23,805 | €9,885 | -€13,920 | -58.5% |
| Other amounts payable | 47/48 | - | €8,177 | +€8,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,425 | €11,056 | -€1,369 | -11.0% |
| Other operating charges | 640/8 | €1,942 | €3,558 | +€1,616 | +83.2% |
| Gross operating margin | 9900 | €55,618 | €61,801 | +€6,183 | +11.1% |
| Operating profit (loss) | 9901 | €41,251 | €47,187 | +€5,936 | +14.4% |
| Financial income | 75/76B | €6,163 | €2,522 | -€3,641 | -59.1% |
| Recurring financial income | 75 | €6,163 | €2,522 | -€3,641 | -59.1% |
| Financial charges | 65/66B | €105 | €38 | -€67 | -63.8% |
| Recurring financial charges | 65 | €105 | €38 | -€67 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €47,309 | €49,671 | +€2,362 | +5.0% |
| Income taxes | 67/77 | €14,300 | €14,528 | +€228 | +1.6% |
| Profit (loss) for the period | 9904 | €33,009 | €35,143 | +€2,134 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,009 | €35,143 | +€2,134 | +6.5% |
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 15 October 2026 via checked.be.