LIJNRECHT: 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.
LIJNRECHT
Largest movements
- Tangible fixed assets +€88,230
up €88,230 (+190%), from €46,430 to €134,661
of which Other tangible fixed assets: +€87,525
- Receivables within one year +€73,302
up €73,302 (+7.7%), from €946,896 to €1.0m
of which Trade receivables: +€126,970
- Cash -€48,194
down €48,194 (-21.0%), from €229,515 to €181,321
mainly Investment in fixed assets (net) (-€118,955) and Contributions, distributions and other (-€90,000)
- Other debts +€82,974
up €82,974 (+80.1%), from €103,524 to €186,498
- Trade debts +€17,778
up €17,778 (+4.5%), from €396,642 to €414,419
- Write-downs +€54,521
up €54,521 (+144%), from €37,809 to €92,330
- Gross operating margin +€51,677
up €51,677 (+13.9%), from €371,204 to €422,881
- Other operating charges +€18,403
up €18,403 (+1,019%), from €1,806 to €20,209
- Depreciation +€14,027
up €14,027 (+84.0%), from €16,697 to €30,725
- Staff costs +€8,626
up €8,626 (+5.5%), from €155,558 to €164,183
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 | €1,248,683 | €1,367,937 | +€119,255 | +9.6% |
| Fixed assets | 21/28 | €46,430 | €134,661 | +€88,230 | +190% |
| Tangible fixed assets | 22/27 | €46,430 | €134,661 | +€88,230 | +190% |
| Furniture and vehicles | 24 | €9,327 | €10,033 | +€705 | +7.6% |
| Other tangible fixed assets | 26 | €37,103 | €124,628 | +€87,525 | +236% |
| Current assets | 29/58 | €1,202,252 | €1,233,277 | +€31,024 | +2.6% |
| Amounts receivable within one year | 40/41 | €946,896 | €1,020,198 | +€73,302 | +7.7% |
| Trade receivables | 40 | €847,917 | €974,886 | +€126,970 | +15.0% |
| Other amounts receivable | 41 | €98,980 | €45,312 | -€53,668 | -54.2% |
| Cash at bank and in hand | 54/58 | €229,515 | €181,321 | -€48,194 | -21.0% |
| Deferred charges and accrued income | 490/1 | €25,841 | €31,757 | +€5,916 | +22.9% |
| Total equity and liabilities | 10/49 | €1,248,683 | €1,367,937 | +€119,255 | +9.6% |
| Equity | 10/15 | €451,666 | €464,267 | +€12,601 | +2.8% |
| Contributions | 10/11 | €211,623 | €211,623 | = | 0.0% |
| Reserves | 13 | €177,840 | €177,840 | = | 0.0% |
| Distributable reserves | 133 | €177,840 | €177,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,203 | €74,804 | +€12,601 | +20.3% |
| Amounts payable | 17/49 | €797,017 | €903,670 | +€106,653 | +13.4% |
| Amounts payable after more than one year | 17 | €21,874 | €13,730 | -€8,144 | -37.2% |
| Financial debts | 170/4 | €21,874 | €13,730 | -€8,144 | -37.2% |
| Amounts payable within one year | 42/48 | €775,143 | €889,941 | +€114,797 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €257,759 | €258,144 | +€385 | +0.1% |
| Trade debts | 44 | €396,642 | €414,419 | +€17,778 | +4.5% |
| Suppliers | 440/4 | €396,642 | €414,419 | +€17,778 | +4.5% |
| Taxes, remuneration and social security | 45 | €17,219 | €30,879 | +€13,661 | +79.3% |
| Taxes | 450/3 | €1,769 | - | -€1,769 | |
| Remuneration and social security | 454/9 | €15,450 | €30,879 | +€15,430 | +99.9% |
| Other amounts payable | 47/48 | €103,524 | €186,498 | +€82,974 | +80.1% |
| Non-recurring operating income | 76A | €460 | - | -€460 | |
| Remuneration, social security and pensions | 62 | €155,558 | €164,183 | +€8,626 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,697 | €30,725 | +€14,027 | +84.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,809 | €92,330 | +€54,521 | +144% |
| Other operating charges | 640/8 | €1,806 | €20,209 | +€18,403 | +1,019% |
| Gross operating margin | 9900 | €371,204 | €422,881 | +€51,677 | +13.9% |
| Operating profit (loss) | 9901 | €159,334 | €115,433 | -€43,901 | -27.6% |
| Financial income | 75/76B | €3,023 | €1,887 | -€1,137 | -37.6% |
| Recurring financial income | 75 | €3,023 | €1,887 | -€1,137 | -37.6% |
| Financial charges | 65/66B | €14,621 | €16,172 | +€1,551 | +10.6% |
| Recurring financial charges | 65 | €14,621 | €16,172 | +€1,551 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €147,736 | €101,148 | -€46,588 | -31.5% |
| Income taxes | 67/77 | €533 | -€1,453 | -€1,986 | |
| Profit (loss) for the period | 9904 | €147,203 | €102,601 | -€44,602 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €147,203 | €102,601 | -€44,602 | -30.3% |
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 14 October 2026 via checked.be.