LINDENDREEF: what changed
Two fiscal 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.
LINDENDREEF
Largest movements
- Receivables within one year +€173,440
up €173,440 (+1376.9%), from €12,597 to €186,036
of which Trade receivables: +€185,734
- Receivables after one year +€154,708
up €154,708 (+9.2%), from €1.7m to €1.8m
- Profit (loss) carried forward +€241,804
up €241,804 (+15.4%), from €1.6m to €1.8m
- Debts after one year +€94,473
up €94,473 (+117.3%), from €80,527 to €175,000
- Other debts -€91,468
down €91,468 (-5.1%), from €1.8m to €1.7m
- Gross operating margin +€137,971
up €137,971 (+84.1%), from €164,101 to €302,071
- Financial income -€44,262
down €44,262 (-43.2%), from €102,445 to €58,183
of which Non-recurring financial income: -€26,232
- Taxes +€23,059
up €23,059 (+44.8%), from €51,490 to €74,549
- Financial charges -€20,049
down €20,049 (-86.7%), from €23,135 to €3,086
of which Non-recurring financial charges: -€22,591
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.
Cash bridge derived
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 | €6,560,745 | €6,815,842 | +€255,097 | +3.9% |
| Fixed assets | 21/28 | €4,712,373 | €4,676,654 | -€35,719 | -0.8% |
| Tangible fixed assets | 22/27 | €690,109 | €654,389 | -€35,719 | -5.2% |
| Land and buildings | 22 | €631,463 | €615,121 | -€16,342 | -2.6% |
| Furniture and vehicles | 24 | €58,646 | €39,268 | -€19,378 | -33.0% |
| Financial fixed assets | 28 | €4,022,265 | €4,022,265 | = | 0.0% |
| Current assets | 29/58 | €1,848,372 | €2,139,188 | +€290,816 | +15.7% |
| Amounts receivable after more than one year | 29 | €1,674,232 | €1,828,939 | +€154,708 | +9.2% |
| Other amounts receivable | 291 | €1,674,232 | €1,828,939 | +€154,708 | +9.2% |
| Amounts receivable within one year | 40/41 | €12,597 | €186,036 | +€173,440 | +1376.9% |
| Trade receivables | 40 | €302 | €186,036 | +€185,734 | +61479.0% |
| Other amounts receivable | 41 | €12,295 | €0 | -€12,295 | -100.0% |
| Cash at bank and in hand | 54/58 | €105,513 | €66,506 | -€39,007 | -37.0% |
| Deferred charges and accrued income | 490/1 | €56,031 | €57,706 | +€1,675 | +3.0% |
| Total equity and liabilities | 10/49 | €6,560,745 | €6,815,842 | +€255,097 | +3.9% |
| Equity | 10/15 | €4,650,485 | €4,891,814 | +€241,329 | +5.2% |
| Contributions | 10/11 | €2,750,000 | €2,750,000 | = | 0.0% |
| Reserves | 13 | €326,337 | €325,862 | -€475 | -0.1% |
| Tax-exempt reserves | 132 | €6,713 | €6,238 | -€475 | -7.1% |
| Distributable reserves | 133 | €319,624 | €319,624 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,574,147 | €1,815,952 | +€241,804 | +15.4% |
| Provisions and deferred taxes | 16 | €2,238 | €2,079 | -€158 | -7.1% |
| Deferred taxes | 168 | €2,238 | €2,079 | -€158 | -7.1% |
| Amounts payable | 17/49 | €1,908,023 | €1,921,949 | +€13,926 | +0.7% |
| Amounts payable after more than one year | 17 | €80,527 | €175,000 | +€94,473 | +117.3% |
| Financial debts | 170/4 | €80,527 | €175,000 | +€94,473 | +117.3% |
| Amounts payable within one year | 42/48 | €1,827,496 | €1,744,877 | -€82,619 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,388 | €2,657 | +€269 | +11.3% |
| Suppliers | 440/4 | €2,388 | €2,657 | +€269 | +11.3% |
| Taxes, remuneration and social security | 45 | €14,994 | €23,574 | +€8,580 | +57.2% |
| Taxes | 450/3 | €14,994 | €23,574 | +€8,580 | +57.2% |
| Other amounts payable | 47/48 | €1,810,114 | €1,718,646 | -€91,468 | -5.1% |
| Accrued charges and deferred income | 492/3 | - | €2,071 | +€2,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,296 | €37,123 | +€827 | +2.3% |
| Other operating charges | 640/8 | €2,461 | €4,324 | +€1,863 | +75.7% |
| Gross operating margin | 9900 | €164,101 | €302,071 | +€137,971 | +84.1% |
| Operating profit (loss) | 9901 | €125,343 | €260,624 | +€135,281 | +107.9% |
| Financial income | 75/76B | €102,445 | €58,183 | -€44,262 | -43.2% |
| Recurring financial income | 75 | €76,213 | €58,183 | -€18,031 | -23.7% |
| Non-recurring financial income | 76B | €26,232 | €0 | -€26,232 | -100.0% |
| Financial charges | 65/66B | €23,135 | €3,086 | -€20,049 | -86.7% |
| Recurring financial charges | 65 | €544 | €3,086 | +€2,542 | +466.8% |
| Non-recurring financial charges | 66B | €22,591 | €0 | -€22,591 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €204,653 | €315,720 | +€111,067 | +54.3% |
| Transfer from deferred taxes | 780 | €507 | €158 | -€348 | -68.8% |
| Income taxes | 67/77 | €51,490 | €74,549 | +€23,059 | +44.8% |
| Profit (loss) for the period | 9904 | €153,669 | €241,329 | +€87,660 | +57.0% |
| Transfer from tax-exempt reserves | 789 | €1,520 | €475 | -€1,045 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €155,189 | €241,804 | +€86,615 | +55.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.