LINDEMANS ILSE: 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.
LINDEMANS ILSE
Largest movements
- Receivables within one year -€8,137
down €8,137 (-44.9%), from €18,141 to €10,004
of which Trade receivables: -€6,066
- Cash +€6,331
up €6,331 (+37.8%), from €16,751 to €23,082
mainly Net result for the year (+€18,045) and Other debts (+€13,873)
- Deferred charges and accrued income -€6,212
down €6,212 (-22.2%), from €28,032 to €21,820
- Tangible fixed assets +€2,048
up €2,048 (+8.3%), from €24,765 to €26,813
of which Furniture and vehicles: +€5,201
- Other debts +€13,873
up €13,873 (+77.6%), from €17,868 to €31,741
- Reserves -€12,403
down €12,403 (-31.1%), from €39,935 to €27,532
of which Distributable reserves: -€12,403
- Accrued charges and deferred income -€6,674
down €6,674 (-94.3%), from €7,074 to €400
- Current portion of long-term debt -€6,328
down €6,328 (-84.9%), from €7,457 to €1,129
- Tax, wage and social debts +€3,637
up €3,637 (+606%), from €600 to €4,237
- Gross operating margin +€15,503
up €15,503 (+73.3%), from €21,163 to €36,666
- Write-downs -€4,007
no longer reported in 2025 (was €4,007)
- Taxes +€3,608
up €3,608 (+123%), from €2,929 to €6,537
- Other operating charges +€1,473
up €1,473 (+352%), from €419 to €1,891
- Financial charges +€787
up €787 (+130%), from €606 to €1,393
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 | €87,690 | €81,720 | -€5,970 | -6.8% |
| Fixed assets | 21/28 | €24,765 | €26,813 | +€2,048 | +8.3% |
| Tangible fixed assets | 22/27 | €24,765 | €26,813 | +€2,048 | +8.3% |
| Land and buildings | 22 | €2,800 | €2,400 | -€400 | -14.3% |
| Plant, machinery and equipment | 23 | €14,763 | €12,011 | -€2,753 | -18.6% |
| Furniture and vehicles | 24 | €7,202 | €12,403 | +€5,201 | +72.2% |
| Current assets | 29/58 | €62,925 | €54,907 | -€8,018 | -12.7% |
| Amounts receivable within one year | 40/41 | €18,141 | €10,004 | -€8,137 | -44.9% |
| Trade receivables | 40 | €16,070 | €10,004 | -€6,066 | -37.7% |
| Other amounts receivable | 41 | €2,071 | - | -€2,071 | |
| Cash at bank and in hand | 54/58 | €16,751 | €23,082 | +€6,331 | +37.8% |
| Deferred charges and accrued income | 490/1 | €28,032 | €21,820 | -€6,212 | -22.2% |
| Total equity and liabilities | 10/49 | €87,690 | €81,720 | -€5,970 | -6.8% |
| Equity | 10/15 | €52,335 | €39,932 | -€12,403 | -23.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,935 | €27,532 | -€12,403 | -31.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,075 | €25,672 | -€12,403 | -32.6% |
| Amounts payable | 17/49 | €35,354 | €41,788 | +€6,433 | +18.2% |
| Amounts payable after more than one year | 17 | €2,093 | €964 | -€1,129 | -54.0% |
| Financial debts | 170/4 | €2,093 | €964 | -€1,129 | -54.0% |
| Amounts payable within one year | 42/48 | €26,188 | €40,424 | +€14,236 | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €7,457 | €1,129 | -€6,328 | -84.9% |
| Financial debts | 43 | - | €2,936 | +€2,936 | |
| Other loans | 439 | - | €2,936 | +€2,936 | |
| Trade debts | 44 | €264 | €382 | +€118 | +44.9% |
| Suppliers | 440/4 | €264 | €382 | +€118 | +44.9% |
| Taxes, remuneration and social security | 45 | €600 | €4,237 | +€3,637 | +606% |
| Taxes | 450/3 | €600 | €4,237 | +€3,637 | +606% |
| Other amounts payable | 47/48 | €17,868 | €31,741 | +€13,873 | +77.6% |
| Accrued charges and deferred income | 492/3 | €7,074 | €400 | -€6,674 | -94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,710 | €7,299 | -€411 | -5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,007 | - | -€4,007 | |
| Other operating charges | 640/8 | €419 | €1,891 | +€1,473 | +352% |
| Non-recurring operating charges | 66A | - | €1,501 | +€1,501 | |
| Gross operating margin | 9900 | €21,163 | €36,666 | +€15,503 | +73.3% |
| Operating profit (loss) | 9901 | €9,027 | €25,975 | +€16,948 | +188% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €606 | €1,393 | +€787 | +130% |
| Recurring financial charges | 65 | €606 | €1,393 | +€787 | +130% |
| Profit (loss) for the period before taxes | 9903 | €8,421 | €24,581 | +€16,161 | +192% |
| Income taxes | 67/77 | €2,929 | €6,537 | +€3,608 | +123% |
| Profit (loss) for the period | 9904 | €5,492 | €18,045 | +€12,553 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €5,492 | €18,045 | +€12,553 | +229% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.