LINCE-IMO: 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.
LINCE-IMO
Largest movements
- Tangible fixed assets -€27,792
down €27,792 (-10.5%), from €265,158 to €237,366
of which Land and buildings: -€27,419
- Cash +€8,827
up €8,827 (+214.6%), from €4,113 to €12,940
mainly Debts after one year (+€31,891) and Net result for the year (+€28,145)
- Short-term financial debts -€54,158
down €54,158 (-100.0%), from €54,158 to €0
of which Other loans: -€54,158
- Debts after one year +€31,891
up €31,891 (+167.4%), from €19,046 to €50,937
- Current portion of long-term debt -€13,584
down €13,584 (-100.0%), from €13,584 to €0
- Reserves +€12,141
up €12,141 (+16.1%), from €75,632 to €87,773
of which Distributable reserves: +€21,000
- Profit (loss) carried forward +€6,313
up €6,313, from -€4,607 to €1,706
- Gross operating margin +€41,334
up €41,334 (+206.8%), from €19,989 to €61,323
- Taxes +€6,048
new in 2025: €6,048
- Financial charges +€3,065
up €3,065 (+273.7%), from €1,120 to €4,185
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 | €271,271 | €252,269 | -€19,002 | -7.0% |
| Fixed assets | 21/28 | €265,158 | €237,366 | -€27,792 | -10.5% |
| Tangible fixed assets | 22/27 | €265,158 | €237,366 | -€27,792 | -10.5% |
| Land and buildings | 22 | €264,785 | €237,366 | -€27,419 | -10.4% |
| Plant, machinery and equipment | 23 | €373 | €0 | -€373 | -100.0% |
| Current assets | 29/58 | €6,113 | €14,903 | +€8,790 | +143.8% |
| Amounts receivable within one year | 40/41 | €2,000 | €952 | -€1,048 | -52.4% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €2,000 | €952 | -€1,048 | -52.4% |
| Cash at bank and in hand | 54/58 | €4,113 | €12,940 | +€8,827 | +214.6% |
| Deferred charges and accrued income | 490/1 | - | €1,011 | +€1,011 | |
| Total equity and liabilities | 10/49 | €271,271 | €252,269 | -€19,002 | -7.0% |
| Equity | 10/15 | €159,525 | €177,979 | +€18,454 | +11.6% |
| Contributions | 10/11 | €88,500 | €88,500 | = | 0.0% |
| Capital | 10 | €88,500 | - | -€88,500 | |
| Issued capital | 100 | €88,500 | - | -€88,500 | |
| Reserves | 13 | €75,632 | €87,773 | +€12,141 | +16.1% |
| Non-distributable reserves | 130/1 | €3,270 | €3,270 | +€0 | 0.0% |
| Legal reserve | 130 | €3,270 | - | -€3,270 | |
| Reserves not available under the articles | 1311 | - | €3,270 | +€3,270 | |
| Tax-exempt reserves | 132 | €41,362 | €32,503 | -€8,859 | -21.4% |
| Distributable reserves | 133 | €31,000 | €52,000 | +€21,000 | +67.7% |
| Profit (loss) carried forward | 14 | -€4,607 | €1,706 | +€6,313 | |
| Provisions and deferred taxes | 16 | €24,958 | €20,845 | -€4,113 | -16.5% |
| Deferred taxes | 168 | €24,958 | €20,845 | -€4,113 | -16.5% |
| Amounts payable | 17/49 | €86,788 | €53,444 | -€33,344 | -38.4% |
| Amounts payable after more than one year | 17 | €19,046 | €50,937 | +€31,891 | +167.4% |
| Financial debts | 170/4 | €19,046 | €50,937 | +€31,891 | +167.4% |
| Amounts payable within one year | 42/48 | €67,742 | €2,507 | -€65,235 | -96.3% |
| Current portion of amounts payable after more than one year | 42 | €13,584 | €0 | -€13,584 | -100.0% |
| Financial debts | 43 | €54,158 | €0 | -€54,158 | -100.0% |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | €54,158 | - | -€54,158 | |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | - | €1,295 | +€1,295 | |
| Taxes | 450/3 | - | €1,295 | +€1,295 | |
| Other amounts payable | 47/48 | - | €1,212 | +€1,212 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,287 | €27,793 | -€494 | -1.7% |
| Other operating charges | 640/8 | €7,830 | €8,125 | +€295 | +3.8% |
| Gross operating margin | 9900 | €19,989 | €61,323 | +€41,334 | +206.8% |
| Operating profit (loss) | 9901 | -€16,128 | €25,406 | +€41,534 | |
| Financial charges | 65/66B | €1,120 | €4,185 | +€3,065 | +273.7% |
| Recurring financial charges | 65 | €1,120 | €4,185 | +€3,065 | +273.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,248 | €21,221 | +€38,469 | |
| Transfer from deferred taxes | 780 | - | €12,973 | +€12,973 | |
| Income taxes | 67/77 | - | €6,048 | +€6,048 | |
| Profit (loss) for the period | 9904 | -€17,248 | €28,145 | +€45,393 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,248 | €28,145 | +€45,393 |
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 7 October 2026 via checked.be.