Lindelauf Projects: 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.
Lindelauf Projects
Largest movements
- Stocks and contracts -€161,403
down €161,403 (-100%), from €161,403 to €0
- Cash -€74,664
down €74,664 (-16.3%), from €457,237 to €382,573
mainly Tax, wage and social debts (-€121,052) and Contributions, distributions and other (-€108,274)
- Tax, wage and social debts -€121,052
down €121,052 (-84.9%), from €142,632 to €21,580
- Reserves -€91,559
down €91,559 (-51.6%), from €177,419 to €85,860
- Trade debts -€23,117
down €23,117 (-93.9%), from €24,607 to €1,490
- Gross operating margin -€235,152
down €235,152 (-91.3%), from €257,465 to €22,313
- Taxes -€48,203
down €48,203 (-91.8%), from €52,487 to €4,284
- Financial charges -€26,069
down €26,069 (-95.7%), from €27,242 to €1,172
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 | €619,665 | €383,941 | -€235,724 | -38.0% |
| Current assets | 29/58 | €619,665 | €383,941 | -€235,724 | -38.0% |
| Stocks and contracts in progress | 3 | €161,403 | €0 | -€161,403 | -100% |
| Stocks | 30/36 | €161,403 | €0 | -€161,403 | -100% |
| Amounts receivable within one year | 40/41 | - | €1,368 | +€1,368 | |
| Other amounts receivable | 41 | - | €1,368 | +€1,368 | |
| Cash at bank and in hand | 54/58 | €457,237 | €382,573 | -€74,664 | -16.3% |
| Deferred charges and accrued income | 490/1 | €1,026 | €0 | -€1,026 | -100% |
| Total equity and liabilities | 10/49 | €619,665 | €383,941 | -€235,724 | -38.0% |
| Equity | 10/15 | €252,419 | €160,860 | -€91,559 | -36.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €177,419 | €85,860 | -€91,559 | -51.6% |
| Distributable reserves | 133 | €177,419 | €85,860 | -€91,559 | -51.6% |
| Amounts payable | 17/49 | €367,246 | €223,081 | -€144,165 | -39.3% |
| Amounts payable within one year | 42/48 | €367,246 | €223,081 | -€144,165 | -39.3% |
| Trade debts | 44 | €24,607 | €1,490 | -€23,117 | -93.9% |
| Suppliers | 440/4 | €24,607 | €1,490 | -€23,117 | -93.9% |
| Taxes, remuneration and social security | 45 | €142,632 | €21,580 | -€121,052 | -84.9% |
| Taxes | 450/3 | €142,632 | €21,580 | -€121,052 | -84.9% |
| Other amounts payable | 47/48 | €200,008 | €200,011 | +€4 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Other operating charges | 640/8 | €834 | €737 | -€97 | -11.6% |
| Gross operating margin | 9900 | €257,465 | €22,313 | -€235,152 | -91.3% |
| Operating profit (loss) | 9901 | €256,631 | €21,576 | -€235,055 | -91.6% |
| Financial income | 75/76B | €516 | €594 | +€78 | +15.1% |
| Recurring financial income | 75 | €516 | €594 | +€78 | +15.1% |
| Financial charges | 65/66B | €27,242 | €1,172 | -€26,069 | -95.7% |
| Recurring financial charges | 65 | €27,242 | €1,172 | -€26,069 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | €229,906 | €20,998 | -€208,907 | -90.9% |
| Income taxes | 67/77 | €52,487 | €4,284 | -€48,203 | -91.8% |
| Profit (loss) for the period | 9904 | €177,419 | €16,715 | -€160,704 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €177,419 | €16,715 | -€160,704 | -90.6% |
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 16 October 2026 via checked.be.