LINDD: what changed
What changed
LINDD
NACE 53.200, Other postal and courier activities
filed annual accounts (NBB)
Net result for the year
€127,853
2024 · €132,679-€4,826
Equity
€907,555
2024 · €899,702+€7,853
Cash
€62,636
2024 · €100,806-€38,170
Balance sheet total
€3.1m
2024 · €2.2m+€966,770
Largest movements
Assets
- Receivables within one year +€767,220
up €767,220 (+44.5%), from €1.7m to €2.5m
of which Trade receivables: +€641,244
- Tangible fixed assets +€203,339
up €203,339 (+67.9%), from €299,527 to €502,866
of which Furniture and vehicles: +€229,656
- Cash -€38,170
down €38,170 (-37.9%), from €100,806 to €62,636
mainly Receivables within one year (-€767,220) and Investment in fixed assets (net) (-€382,485)
Equity and liabilities
- Trade debts +€623,555
up €623,555 (+123%), from €506,706 to €1.1m
- Debts after one year +€220,333
up €220,333 (+444%), from €49,656 to €269,989
- Current portion of long-term debt +€70,363
up €70,363 (+37.9%), from €185,838 to €256,201
- Other debts +€42,585
up €42,585 (+36.3%), from €117,381 to €159,966
Income statement
- Gross operating margin +€526,048
up €526,048 (+24.1%), from €2.2m to €2.7m
- Staff costs +€463,596
up €463,596 (+28.1%), from €1.7m to €2.1m
- Depreciation +€55,619
up €55,619 (+48.2%), from €115,445 to €171,064
- Other operating charges +€33,181
up €33,181 (+20.5%), from €161,860 to €195,041
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€132,679
Gross operating margin
+€526,048
Staff costs
-€463,596
Depreciation
-€55,619
Write-downs
+€18,269
Other operating charges
-€33,181
Financial income
+€1,705
Financial charges
-€1,685
Taxes
+€3,233
Result 2025
€127,853
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€173,619
Investment
-€382,485
Financing
+€170,696
Cash 2024
€100,806
From operations (derived)
+€173,619
Net result for the year
+€127,853
Depreciation
+€171,064
Receivables within one year
-€767,220
Deferred charges and accrued income
-€26,299
Trade debts
+€623,555
Tax, wage and social debts
-€8,582
Other debts
+€42,585
Accrued charges and deferred income
+€10,663
Investment (derived)
-€382,485
Investment in fixed assets (net)
-€382,485
Financing
+€170,696
Debts after one year
+€220,333
Current portion of long-term debt
+€70,363
Contributions, distributions and other
-€120,000
Cash 2025
€62,636
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,170,701 | €3,137,471 | +€966,770 | +44.5% |
| Fixed assets | 21/28 | €330,641 | €542,062 | +€211,421 | +63.9% |
| Intangible fixed assets | 21 | €2,014 | €804 | -€1,210 | -60.1% |
| Tangible fixed assets | 22/27 | €299,527 | €502,866 | +€203,339 | +67.9% |
| Land and buildings | 22 | €92,158 | €82,361 | -€9,797 | -10.6% |
| Plant, machinery and equipment | 23 | €39,772 | €23,252 | -€16,520 | -41.5% |
| Furniture and vehicles | 24 | €167,597 | €397,253 | +€229,656 | +137% |
| Financial fixed assets | 28 | €29,100 | €38,392 | +€9,292 | +31.9% |
| Current assets | 29/58 | €1,840,060 | €2,595,409 | +€755,349 | +41.1% |
| Amounts receivable within one year | 40/41 | €1,725,041 | €2,492,261 | +€767,220 | +44.5% |
| Trade receivables | 40 | €1,684,362 | €2,325,606 | +€641,244 | +38.1% |
| Other amounts receivable | 41 | €40,679 | €166,655 | +€125,976 | +310% |
| Cash at bank and in hand | 54/58 | €100,806 | €62,636 | -€38,170 | -37.9% |
| Deferred charges and accrued income | 490/1 | €14,213 | €40,512 | +€26,299 | +185% |
| Total equity and liabilities | 10/49 | €2,170,701 | €3,137,471 | +€966,770 | +44.5% |
| Equity | 10/15 | €899,702 | €907,555 | +€7,853 | +0.9% |
| Contributions | 10/11 | €98,840 | €98,840 | = | 0.0% |
| Revaluation surpluses | 12 | €3,491 | €3,491 | = | 0.0% |
| Reserves | 13 | €797,371 | €805,224 | +€7,853 | +1.0% |
| Distributable reserves | 133 | €797,371 | €805,224 | +€7,853 | +1.0% |
| Amounts payable | 17/49 | €1,270,999 | €2,229,916 | +€958,917 | +75.4% |
| Amounts payable after more than one year | 17 | €49,656 | €269,989 | +€220,333 | +444% |
| Financial debts | 170/4 | €49,656 | €269,989 | +€220,333 | +444% |
| Amounts payable within one year | 42/48 | €1,213,316 | €1,941,237 | +€727,921 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €185,838 | €256,201 | +€70,363 | +37.9% |
| Trade debts | 44 | €506,706 | €1,130,261 | +€623,555 | +123% |
| Suppliers | 440/4 | €506,706 | €1,130,261 | +€623,555 | +123% |
| Taxes, remuneration and social security | 45 | €403,391 | €394,809 | -€8,582 | -2.1% |
| Taxes | 450/3 | €276,993 | €112,296 | -€164,697 | -59.5% |
| Remuneration and social security | 454/9 | €126,398 | €282,513 | +€156,115 | +124% |
| Other amounts payable | 47/48 | €117,381 | €159,966 | +€42,585 | +36.3% |
| Accrued charges and deferred income | 492/3 | €8,027 | €18,690 | +€10,663 | +133% |
| Remuneration, social security and pensions | 62 | €1,651,947 | €2,115,543 | +€463,596 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,445 | €171,064 | +€55,619 | +48.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,153 | €8,884 | -€18,269 | -67.3% |
| Other operating charges | 640/8 | €161,860 | €195,041 | +€33,181 | +20.5% |
| Gross operating margin | 9900 | €2,184,587 | €2,710,635 | +€526,048 | +24.1% |
| Operating profit (loss) | 9901 | €228,182 | €220,103 | -€8,079 | -3.5% |
| Financial income | 75/76B | - | €1,705 | +€1,705 | |
| Recurring financial income | 75 | - | €1,705 | +€1,705 | |
| Financial charges | 65/66B | €25,254 | €26,939 | +€1,685 | +6.7% |
| Recurring financial charges | 65 | €25,254 | €26,939 | +€1,685 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €202,928 | €194,869 | -€8,059 | -4.0% |
| Income taxes | 67/77 | €70,249 | €67,016 | -€3,233 | -4.6% |
| Profit (loss) for the period | 9904 | €132,679 | €127,853 | -€4,826 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €132,679 | €127,853 | -€4,826 | -3.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.