LINDEBLOESEM: 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.
LINDEBLOESEM
Largest movements
- Tangible fixed assets +€106,569
up €106,569 (+11.5%), from €922,894 to €1.0m
of which Land and buildings: +€109,081
- Cash -€18,608
down €18,608 (-17.2%), from €108,465 to €89,857
mainly Investment in fixed assets (net) (-€161,188) and Net result for the year (-€26,031)
- Debts after one year +€85,237
up €85,237 (+39.6%), from €215,473 to €300,710
- Reserves -€26,031
down €26,031 (-3.4%), from €757,937 to €731,905
of which Distributable reserves: -€26,031
- Gross operating margin -€145,712
down €145,712 (-69.8%), from €208,700 to €62,988
- Write-downs -€46,189
down €46,189 (-100%), from €46,189 to €0
- Depreciation -€44,104
down €44,104 (-44.7%), from €98,723 to €54,619
- Other operating charges -€8,931
down €8,931 (-29.6%), from €30,201 to €21,270
- Taxes -€7,621
down €7,621 (-98.1%), from €7,768 to €147
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 | €1,050,774 | €1,139,178 | +€88,405 | +8.4% |
| Fixed assets | 21/28 | €923,253 | €1,029,822 | +€106,569 | +11.5% |
| Tangible fixed assets | 22/27 | €922,894 | €1,029,463 | +€106,569 | +11.5% |
| Land and buildings | 22 | €898,762 | €1,007,843 | +€109,081 | +12.1% |
| Plant, machinery and equipment | 23 | €599 | €463 | -€136 | -22.7% |
| Furniture and vehicles | 24 | €154 | €516 | +€362 | +236% |
| Other tangible fixed assets | 26 | €23,379 | €20,640 | -€2,738 | -11.7% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €127,520 | €109,356 | -€18,164 | -14.2% |
| Amounts receivable within one year | 40/41 | €17,848 | €19,066 | +€1,218 | +6.8% |
| Trade receivables | 40 | €0 | €3,224 | +€3,224 | |
| Other amounts receivable | 41 | €17,848 | €15,841 | -€2,006 | -11.2% |
| Cash at bank and in hand | 54/58 | €108,465 | €89,857 | -€18,608 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,207 | €433 | -€774 | -64.1% |
| Total equity and liabilities | 10/49 | €1,050,774 | €1,139,178 | +€88,405 | +8.4% |
| Equity | 10/15 | €780,768 | €763,076 | -€17,692 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €4,232 | €4,232 | = | 0.0% |
| Reserves | 13 | €757,937 | €731,905 | -€26,031 | -3.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €757,937 | €731,905 | -€26,031 | -3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | - | €8,339 | +€8,339 | |
| Provisions and deferred taxes | 16 | - | €2,085 | +€2,085 | |
| Deferred taxes | 168 | - | €2,085 | +€2,085 | |
| Amounts payable | 17/49 | €270,006 | €374,018 | +€104,012 | +38.5% |
| Amounts payable after more than one year | 17 | €215,473 | €300,710 | +€85,237 | +39.6% |
| Financial debts | 170/4 | €215,473 | €300,710 | +€85,237 | +39.6% |
| Amounts payable within one year | 42/48 | €43,308 | €57,106 | +€13,797 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €24,751 | €33,391 | +€8,640 | +34.9% |
| Trade debts | 44 | €4,328 | €11,236 | +€6,908 | +160% |
| Suppliers | 440/4 | €4,328 | €11,236 | +€6,908 | +160% |
| Taxes, remuneration and social security | 45 | €14,169 | €12,479 | -€1,690 | -11.9% |
| Taxes | 450/3 | €14,169 | €12,479 | -€1,690 | -11.9% |
| Other amounts payable | 47/48 | €61 | €0 | -€61 | -100% |
| Accrued charges and deferred income | 492/3 | €11,224 | €16,202 | +€4,978 | +44.3% |
| Non-recurring operating income | 76A | €11,000 | €4,000 | -€7,000 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,723 | €54,619 | -€44,104 | -44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,189 | €0 | -€46,189 | -100% |
| Other operating charges | 640/8 | €30,201 | €21,270 | -€8,931 | -29.6% |
| Gross operating margin | 9900 | €208,700 | €62,988 | -€145,712 | -69.8% |
| Operating profit (loss) | 9901 | €33,587 | -€12,900 | -€46,488 | |
| Financial income | 75/76B | €581 | €1,108 | +€528 | +90.9% |
| Recurring financial income | 75 | €581 | €1,108 | +€528 | +90.9% |
| Financial charges | 65/66B | €14,746 | €12,007 | -€2,738 | -18.6% |
| Recurring financial charges | 65 | €14,746 | €12,007 | -€2,738 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €19,422 | -€23,799 | -€43,221 | |
| Transfer from deferred taxes | 780 | - | €18 | +€18 | |
| Transfer to deferred taxes | 680 | - | €2,103 | +€2,103 | |
| Income taxes | 67/77 | €7,768 | €147 | -€7,621 | -98.1% |
| Profit (loss) for the period | 9904 | €11,654 | -€26,031 | -€37,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,654 | -€26,031 | -€37,685 |
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 23 October 2026 via checked.be.