LINCE Germain: 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.
LINCE Germain
Largest movements
- Cash +€35,670
up €35,670 (+121%), from €29,452 to €65,122
mainly Depreciation (+€60,463) and Receivables within one year (+€24,012)
- Receivables within one year -€24,012
down €24,012 (-50.6%), from €47,467 to €23,454
of which Trade receivables: -€24,000
- Tangible fixed assets -€11,956
down €11,956 (-2.4%), from €505,343 to €493,387
of which Land and buildings: -€10,903
- Other debts +€20,216
up €20,216 (+74.0%), from €27,335 to €47,550
- Debts after one year -€13,500
down €13,500 (-21.4%), from €63,000 to €49,500
- Gross operating margin +€23,710
up €23,710 (+58.3%), from €40,637 to €64,347
- Depreciation +€6,140
up €6,140 (+11.3%), from €54,323 to €60,463
- Other operating charges +€3,733
up €3,733 (+239%), from €1,560 to €5,292
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 | €588,126 | €589,601 | +€1,474 | +0.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €506,343 | €494,387 | -€11,956 | -2.4% |
| Intangible fixed assets | 21 | €1,000 | €1,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €505,343 | €493,387 | -€11,956 | -2.4% |
| Land and buildings | 22 | €257,913 | €247,010 | -€10,903 | -4.2% |
| Plant, machinery and equipment | 23 | €241,590 | €241,156 | -€434 | -0.2% |
| Furniture and vehicles | 24 | €5,840 | €5,220 | -€620 | -10.6% |
| Current assets | 29/58 | €81,783 | €95,214 | +€13,431 | +16.4% |
| Stocks and contracts in progress | 3 | €2,495 | €4,059 | +€1,564 | +62.7% |
| Stocks | 30/36 | €2,495 | €4,059 | +€1,564 | +62.7% |
| Amounts receivable within one year | 40/41 | €47,467 | €23,454 | -€24,012 | -50.6% |
| Trade receivables | 40 | €47,404 | €23,404 | -€24,000 | -50.6% |
| Other amounts receivable | 41 | €62 | €50 | -€12 | -19.5% |
| Cash at bank and in hand | 54/58 | €29,452 | €65,122 | +€35,670 | +121% |
| Deferred charges and accrued income | 490/1 | €2,370 | €2,579 | +€209 | +8.8% |
| Total equity and liabilities | 10/49 | €588,126 | €589,601 | +€1,474 | +0.3% |
| Equity | 10/15 | €479,885 | €477,471 | -€2,413 | -0.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €404,956 | €404,956 | = | 0.0% |
| Distributable reserves | 133 | €404,956 | €404,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,279 | -€49,245 | +€35 | +0.1% |
| Investment grants | 15 | €24,208 | €21,760 | -€2,448 | -10.1% |
| Amounts payable | 17/49 | €108,242 | €112,129 | +€3,888 | +3.6% |
| Amounts payable after more than one year | 17 | €63,000 | €49,500 | -€13,500 | -21.4% |
| Financial debts | 170/4 | €63,000 | €49,500 | -€13,500 | -21.4% |
| Amounts payable within one year | 42/48 | €45,242 | €62,629 | +€17,388 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €13,500 | €13,500 | = | 0.0% |
| Trade debts | 44 | €3,267 | €1,281 | -€1,987 | -60.8% |
| Suppliers | 440/4 | €3,267 | €1,281 | -€1,987 | -60.8% |
| Taxes, remuneration and social security | 45 | €1,140 | €299 | -€841 | -73.8% |
| Taxes | 450/3 | €1,140 | €299 | -€841 | -73.8% |
| Other amounts payable | 47/48 | €27,335 | €47,550 | +€20,216 | +74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,323 | €60,463 | +€6,140 | +11.3% |
| Other operating charges | 640/8 | €1,560 | €5,292 | +€3,733 | +239% |
| Gross operating margin | 9900 | €40,637 | €64,347 | +€23,710 | +58.3% |
| Operating profit (loss) | 9901 | -€15,245 | -€1,408 | +€13,837 | +90.8% |
| Financial income | 75/76B | €2,456 | €2,448 | -€8 | -0.3% |
| Recurring financial income | 75 | €2,456 | €2,448 | -€8 | -0.3% |
| Financial charges | 65/66B | €951 | €834 | -€118 | -12.4% |
| Recurring financial charges | 65 | €951 | €834 | -€118 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,741 | €206 | +€13,947 | |
| Income taxes | 67/77 | €168 | €171 | +€4 | +2.1% |
| Profit (loss) for the period | 9904 | -€13,908 | €35 | +€13,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,908 | €35 | +€13,943 |
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 20 October 2026 via checked.be.