LINDAEL: 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.
LINDAEL
Largest movements
- Tangible fixed assets -€53,321
down €53,321 (-4.9%), from €1.1m to €1.0m
of which Land and buildings: -€55,086
- Receivables within one year +€21,584
up €21,584 (+36.9%), from €58,469 to €80,053
of which Other amounts receivable: +€16,744
- Profit (loss) carried forward -€26,660
down €26,660 (-5.0%), from -€528,496 to -€555,156
- Depreciation +€2,973
up €2,973 (+3.3%), from €90,217 to €93,190
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 | €1,236,160 | €1,218,745 | -€17,415 | -1.4% |
| Fixed assets | 21/28 | €1,088,003 | €1,034,682 | -€53,321 | -4.9% |
| Tangible fixed assets | 22/27 | €1,087,571 | €1,034,250 | -€53,321 | -4.9% |
| Land and buildings | 22 | €1,087,271 | €1,032,186 | -€55,086 | -5.1% |
| Plant, machinery and equipment | 23 | €300 | €2,064 | +€1,765 | +588.4% |
| Financial fixed assets | 28 | €432 | €432 | = | 0.0% |
| Current assets | 29/58 | €148,157 | €184,063 | +€35,906 | +24.2% |
| Amounts receivable within one year | 40/41 | €58,469 | €80,053 | +€21,584 | +36.9% |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | €58,469 | €75,213 | +€16,744 | +28.6% |
| Cash at bank and in hand | 54/58 | €82,150 | €93,742 | +€11,592 | +14.1% |
| Deferred charges and accrued income | 490/1 | €7,538 | €10,268 | +€2,730 | +36.2% |
| Total equity and liabilities | 10/49 | €1,236,160 | €1,218,745 | -€17,415 | -1.4% |
| Equity | 10/15 | €1,231,504 | €1,204,844 | -€26,660 | -2.2% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Capital | 10 | €1,600,000 | €1,600,000 | = | 0.0% |
| Issued capital | 100 | €1,600,000 | €1,600,000 | = | 0.0% |
| Reserves | 13 | €160,000 | €160,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €160,000 | €160,000 | = | 0.0% |
| Legal reserve | 130 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€528,496 | -€555,156 | -€26,660 | -5.0% |
| Amounts payable | 17/49 | €4,657 | €13,901 | +€9,244 | +198.5% |
| Amounts payable within one year | 42/48 | €4,657 | €13,901 | +€9,244 | +198.5% |
| Trade debts | 44 | €4,438 | €13,721 | +€9,283 | +209.1% |
| Suppliers | 440/4 | €4,438 | €13,721 | +€9,283 | +209.1% |
| Taxes, remuneration and social security | 45 | €218 | €180 | -€39 | -17.6% |
| Taxes | 450/3 | €218 | €180 | -€39 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,217 | €93,190 | +€2,973 | +3.3% |
| Other operating charges | 640/8 | €14,920 | €15,446 | +€525 | +3.5% |
| Gross operating margin | 9900 | €81,783 | €81,736 | -€47 | -0.1% |
| Operating profit (loss) | 9901 | -€23,354 | -€26,900 | -€3,546 | -15.2% |
| Financial income | 75/76B | €252 | €540 | +€288 | +114.4% |
| Recurring financial income | 75 | €252 | €540 | +€288 | +114.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,102 | -€26,360 | -€3,257 | -14.1% |
| Income taxes | 67/77 | €293 | €300 | +€7 | +2.5% |
| Profit (loss) for the period | 9904 | -€23,395 | -€26,660 | -€3,264 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,395 | -€26,660 | -€3,264 | -14.0% |
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 3 October 2026 via checked.be.