LINDEN & DE ROECK: 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.
LINDEN & DE ROECK
Largest movements
- Cash +€11,940
up €11,940 (+16.6%), from €71,960 to €83,900
mainly Net result for the year (+€76,740) and Trade debts (+€9,687)
- Receivables within one year +€10,650
up €10,650 (+6.6%), from €162,195 to €172,844
of which Trade receivables: +€28,427
- Tangible fixed assets -€9,333
down €9,333 (-4.0%), from €230,953 to €221,620
of which Land and buildings: -€7,723
- Profit (loss) carried forward +€76,730
up €76,730 (+116%), from €66,278 to €143,008
- Short-term financial debts -€39,863
down €39,863 (-100%), from €39,863 to €0
- Other debts -€20,210
down €20,210 (-57.7%), from €35,014 to €14,804
- Debts after one year -€16,193
down €16,193 (-9.2%), from €176,907 to €160,714
- Trade debts +€9,687
up €9,687 (+9.6%), from €100,515 to €110,202
- Gross operating margin +€57,695
up €57,695 (+85.9%), from €67,200 to €124,895
- Taxes +€14,136
up €14,136 (+101%), from €13,975 to €28,111
- Other operating charges +€1,930
up €1,930 (+48.5%), from €3,976 to €5,905
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 | €473,247 | €482,672 | +€9,425 | +2.0% |
| Fixed assets | 21/28 | €230,953 | €221,620 | -€9,333 | -4.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €230,953 | €221,620 | -€9,333 | -4.0% |
| Land and buildings | 22 | €226,797 | €219,074 | -€7,723 | -3.4% |
| Furniture and vehicles | 24 | €4,155 | €2,546 | -€1,610 | -38.7% |
| Current assets | 29/58 | €242,294 | €261,052 | +€18,758 | +7.7% |
| Amounts receivable within one year | 40/41 | €162,195 | €172,844 | +€10,650 | +6.6% |
| Trade receivables | 40 | €139,118 | €167,545 | +€28,427 | +20.4% |
| Other amounts receivable | 41 | €23,077 | €5,299 | -€17,778 | -77.0% |
| Cash at bank and in hand | 54/58 | €71,960 | €83,900 | +€11,940 | +16.6% |
| Deferred charges and accrued income | 490/1 | €8,140 | €4,308 | -€3,832 | -47.1% |
| Total equity and liabilities | 10/49 | €473,247 | €482,672 | +€9,425 | +2.0% |
| Equity | 10/15 | €86,738 | €163,468 | +€76,730 | +88.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,278 | €143,008 | +€76,730 | +116% |
| Amounts payable | 17/49 | €386,509 | €319,205 | -€67,304 | -17.4% |
| Amounts payable after more than one year | 17 | €176,907 | €160,714 | -€16,193 | -9.2% |
| Financial debts | 170/4 | €176,907 | €160,714 | -€16,193 | -9.2% |
| Amounts payable within one year | 42/48 | €202,053 | €158,391 | -€43,661 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €16,003 | €16,193 | +€190 | +1.2% |
| Financial debts | 43 | €39,863 | €0 | -€39,863 | -100% |
| Credit institutions | 430/8 | €39,863 | €0 | -€39,863 | -100% |
| Trade debts | 44 | €100,515 | €110,202 | +€9,687 | +9.6% |
| Suppliers | 440/4 | €100,515 | €110,202 | +€9,687 | +9.6% |
| Taxes, remuneration and social security | 45 | €10,657 | €17,192 | +€6,535 | +61.3% |
| Taxes | 450/3 | €10,657 | €17,192 | +€6,535 | +61.3% |
| Other amounts payable | 47/48 | €35,014 | €14,804 | -€20,210 | -57.7% |
| Accrued charges and deferred income | 492/3 | €7,549 | €99 | -€7,450 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,790 | €9,333 | +€543 | +6.2% |
| Other operating charges | 640/8 | €3,976 | €5,905 | +€1,930 | +48.5% |
| Gross operating margin | 9900 | €67,200 | €124,895 | +€57,695 | +85.9% |
| Operating profit (loss) | 9901 | €54,434 | €109,657 | +€55,223 | +101% |
| Financial income | 75/76B | €298 | €353 | +€55 | +18.5% |
| Recurring financial income | 75 | €298 | €353 | +€55 | +18.5% |
| Financial charges | 65/66B | €4,377 | €5,159 | +€782 | +17.9% |
| Recurring financial charges | 65 | €4,377 | €5,159 | +€782 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €50,355 | €104,851 | +€54,496 | +108% |
| Income taxes | 67/77 | €13,975 | €28,111 | +€14,136 | +101% |
| Profit (loss) for the period | 9904 | €36,380 | €76,740 | +€40,360 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €36,380 | €76,740 | +€40,360 | +111% |
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 30 October 2026 via checked.be.