LIN-CHEN: 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.
LIN-CHEN
Largest movements
- Tangible fixed assets -€60,256
down €60,256 (-4.9%), from €1.2m to €1.2m
- Cash +€53,341
up €53,341 (+27.2%), from €195,844 to €249,185
mainly Net result for the year (+€92,012) and Depreciation (+€67,295)
- Reserves +€92,012
up €92,012 (+32.7%), from €281,393 to €373,405
- Debts after one year -€87,698
down €87,698 (-8.5%), from €1.0m to €938,568
- Gross operating margin +€48,048
up €48,048 (+12.5%), from €382,922 to €430,970
- Staff costs +€42,992
up €42,992 (+30.2%), from €142,274 to €185,266
- Taxes +€33,108
up €33,108 (+302.5%), from €10,945 to €44,052
- Financial charges +€25,437
up €25,437 (+176.8%), from €14,389 to €39,826
- Depreciation +€22,043
up €22,043 (+48.7%), from €45,252 to €67,295
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 | €1,533,871 | €1,520,497 | -€13,374 | -0.9% |
| Fixed assets | 21/28 | €1,235,898 | €1,175,642 | -€60,256 | -4.9% |
| Tangible fixed assets | 22/27 | €1,235,898 | €1,175,642 | -€60,256 | -4.9% |
| Land and buildings | 22 | €1,094,026 | €1,067,359 | -€26,667 | -2.4% |
| Plant, machinery and equipment | 23 | €103,392 | €79,841 | -€23,551 | -22.8% |
| Furniture and vehicles | 24 | €38,480 | €28,442 | -€10,038 | -26.1% |
| Current assets | 29/58 | €297,973 | €344,855 | +€46,882 | +15.7% |
| Stocks and contracts in progress | 3 | €49,051 | €42,950 | -€6,101 | -12.4% |
| Stocks | 30/36 | €49,051 | €42,950 | -€6,101 | -12.4% |
| Amounts receivable within one year | 40/41 | €50,029 | €49,383 | -€645 | -1.3% |
| Trade receivables | 40 | €12,973 | €7,380 | -€5,593 | -43.1% |
| Other amounts receivable | 41 | €37,055 | €42,003 | +€4,948 | +13.4% |
| Cash at bank and in hand | 54/58 | €195,844 | €249,185 | +€53,341 | +27.2% |
| Deferred charges and accrued income | 490/1 | €3,050 | €3,337 | +€287 | +9.4% |
| Total equity and liabilities | 10/49 | €1,533,871 | €1,520,497 | -€13,374 | -0.9% |
| Equity | 10/15 | €291,393 | €383,405 | +€92,012 | +31.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €281,393 | €373,405 | +€92,012 | +32.7% |
| Distributable reserves | 133 | €281,393 | €373,405 | +€92,012 | +32.7% |
| Amounts payable | 17/49 | €1,242,478 | €1,137,092 | -€105,387 | -8.5% |
| Amounts payable after more than one year | 17 | €1,026,265 | €938,568 | -€87,698 | -8.5% |
| Financial debts | 170/4 | €1,026,265 | €938,568 | -€87,698 | -8.5% |
| Amounts payable within one year | 42/48 | €216,213 | €198,524 | -€17,689 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €96,133 | €87,698 | -€8,436 | -8.8% |
| Trade debts | 44 | €37,474 | €28,986 | -€8,487 | -22.6% |
| Suppliers | 440/4 | €37,474 | €28,986 | -€8,487 | -22.6% |
| Taxes, remuneration and social security | 45 | €28,974 | €29,565 | +€591 | +2.0% |
| Taxes | 450/3 | €17,682 | €17,969 | +€286 | +1.6% |
| Remuneration and social security | 454/9 | €11,291 | €11,597 | +€305 | +2.7% |
| Other amounts payable | 47/48 | €53,632 | €52,275 | -€1,357 | -2.5% |
| Non-recurring operating income | 76A | €1,590 | €2,989 | +€1,399 | +88.0% |
| Remuneration, social security and pensions | 62 | €142,274 | €185,266 | +€42,992 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,252 | €67,295 | +€22,043 | +48.7% |
| Non-recurring operating charges | 66A | €142,136 | €2,709 | -€139,427 | -98.1% |
| Gross operating margin | 9900 | €382,922 | €430,970 | +€48,048 | +12.5% |
| Operating profit (loss) | 9901 | €53,259 | €175,700 | +€122,440 | +229.9% |
| Financial income | 75/76B | €127 | €191 | +€65 | +51.0% |
| Recurring financial income | 75 | €127 | €191 | +€65 | +51.0% |
| Financial charges | 65/66B | €14,389 | €39,826 | +€25,437 | +176.8% |
| Recurring financial charges | 65 | €14,389 | €39,826 | +€25,437 | +176.8% |
| Profit (loss) for the period before taxes | 9903 | €38,997 | €136,065 | +€97,068 | +248.9% |
| Income taxes | 67/77 | €10,945 | €44,052 | +€33,108 | +302.5% |
| Profit (loss) for the period | 9904 | €28,052 | €92,012 | +€63,960 | +228.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,052 | €92,012 | +€63,960 | +228.0% |
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 5 October 2026 via checked.be.