LINDEN RONNY: 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 RONNY
Largest movements
- Tangible fixed assets +€128,964
up €128,964 (+504%), from €25,601 to €154,564
of which Furniture and vehicles: +€117,182
- Cash -€18,888
down €18,888 (-6.2%), from €302,257 to €283,369
mainly Investment in fixed assets (net) (-€157,757) and Tax, wage and social debts (-€7,804)
- Debts after one year +€87,265
up €87,265, from €0 to €87,265
- Current portion of long-term debt +€24,765
up €24,765, from €0 to €24,765
- Tax, wage and social debts -€7,804
down €7,804 (-39.8%), from €19,586 to €11,782
- Gross operating margin -€71,192
down €71,192 (-60.4%), from €117,854 to €46,662
- Depreciation +€24,328
up €24,328 (+545%), from €4,465 to €28,793
- Taxes -€23,357
down €23,357 (-87.2%), from €26,782 to €3,425
- Other operating charges +€3,345
up €3,345 (+74.5%), from €4,491 to €7,837
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 | €508,983 | €620,341 | +€111,358 | +21.9% |
| Fixed assets | 21/28 | €25,601 | €154,564 | +€128,964 | +504% |
| Tangible fixed assets | 22/27 | €25,601 | €154,564 | +€128,964 | +504% |
| Land and buildings | 22 | €17,202 | €28,156 | +€10,954 | +63.7% |
| Plant, machinery and equipment | 23 | €8,399 | €9,226 | +€828 | +9.9% |
| Furniture and vehicles | 24 | €0 | €117,182 | +€117,182 | |
| Current assets | 29/58 | €483,383 | €465,777 | -€17,606 | -3.6% |
| Stocks and contracts in progress | 3 | €88,098 | €83,510 | -€4,588 | -5.2% |
| Stocks | 30/36 | €88,098 | €83,510 | -€4,588 | -5.2% |
| Amounts receivable within one year | 40/41 | €88,389 | €94,287 | +€5,898 | +6.7% |
| Trade receivables | 40 | €83,410 | €62,369 | -€21,041 | -25.2% |
| Other amounts receivable | 41 | €4,979 | €31,918 | +€26,939 | +541% |
| Cash at bank and in hand | 54/58 | €302,257 | €283,369 | -€18,888 | -6.2% |
| Deferred charges and accrued income | 490/1 | €4,639 | €4,610 | -€29 | -0.6% |
| Total equity and liabilities | 10/49 | €508,983 | €620,341 | +€111,358 | +21.9% |
| Equity | 10/15 | €277,200 | €280,291 | +€3,091 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €271,000 | €274,091 | +€3,091 | +1.1% |
| Tax-exempt reserves | 132 | €23,518 | €23,518 | = | 0.0% |
| Distributable reserves | 133 | €247,482 | €250,573 | +€3,091 | +1.2% |
| Amounts payable | 17/49 | €231,783 | €340,051 | +€108,267 | +46.7% |
| Amounts payable after more than one year | 17 | €0 | €87,265 | +€87,265 | |
| Financial debts | 170/4 | €0 | €87,265 | +€87,265 | |
| Amounts payable within one year | 42/48 | €230,837 | €250,863 | +€20,026 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €24,765 | +€24,765 | |
| Trade debts | 44 | €209,751 | €212,816 | +€3,064 | +1.5% |
| Suppliers | 440/4 | €209,751 | €212,816 | +€3,064 | +1.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,586 | €11,782 | -€7,804 | -39.8% |
| Taxes | 450/3 | €19,586 | €11,782 | -€7,804 | -39.8% |
| Other amounts payable | 47/48 | €1,500 | €1,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €946 | €1,923 | +€977 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,465 | €28,793 | +€24,328 | +545% |
| Other operating charges | 640/8 | €4,491 | €7,837 | +€3,345 | +74.5% |
| Non-recurring operating charges | 66A | €16,355 | €0 | -€16,355 | -100% |
| Gross operating margin | 9900 | €117,854 | €46,662 | -€71,192 | -60.4% |
| Operating profit (loss) | 9901 | €92,542 | €10,033 | -€82,509 | -89.2% |
| Financial income | 75/76B | €119 | €366 | +€247 | +208% |
| Recurring financial income | 75 | €119 | €366 | +€247 | +208% |
| Financial charges | 65/66B | €3,925 | €3,883 | -€42 | -1.1% |
| Recurring financial charges | 65 | €3,925 | €3,883 | -€42 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €88,736 | €6,516 | -€82,220 | -92.7% |
| Income taxes | 67/77 | €26,782 | €3,425 | -€23,357 | -87.2% |
| Profit (loss) for the period | 9904 | €61,955 | €3,091 | -€58,864 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,955 | €3,091 | -€58,864 | -95.0% |
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 26 October 2026 via checked.be.