LINDENDRIES: 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.
LINDENDRIES
Largest movements
- Financial fixed assets +€1.5m
up €1.5m (+14900.0%), from €10,000 to €1.5m
- Cash -€148,534
down €148,534 (-66.8%), from €222,498 to €73,965
mainly Investment in fixed assets (net) (-€1.5m) and Deferred charges and accrued income (-€6,865)
- Tangible fixed assets -€68,275
down €68,275 (-7.7%), from €887,556 to €819,282
of which Land and buildings: -€43,153
- Reserves +€655,979
up €655,979 (+153.1%), from €428,514 to €1.1m
- Debts after one year +€204,172
up €204,172 (+31.7%), from €643,546 to €847,719
- Other debts +€196,987
up €196,987 (+330.7%), from €59,558 to €256,545
- Current portion of long-term debt +€129,281
up €129,281 (+164.1%), from €78,797 to €208,078
- Tax, wage and social debts +€64,593
up €64,593 (+103.4%), from €62,448 to €127,041
- Financial income +€619,536
up €619,536 (+23292.1%), from €2,660 to €622,196
- Taxes +€74,444
up €74,444 (+205.5%), from €36,223 to €110,667
- Gross operating margin +€26,468
up €26,468 (+12.4%), from €212,690 to €239,158
- Financial charges -€14,717
down €14,717 (-41.7%), from €35,259 to €20,542
- Other operating charges -€3,191
down €3,191 (-35.1%), from €9,082 to €5,891
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 | €1,279,789 | €2,543,511 | +€1.3m | +98.7% |
| Fixed assets | 21/28 | €897,556 | €2,319,282 | +€1.4m | +158.4% |
| Tangible fixed assets | 22/27 | €887,556 | €819,282 | -€68,275 | -7.7% |
| Land and buildings | 22 | €796,609 | €753,457 | -€43,153 | -5.4% |
| Plant, machinery and equipment | 23 | €1,115 | €715 | -€400 | -35.9% |
| Furniture and vehicles | 24 | €89,832 | €65,110 | -€24,722 | -27.5% |
| Financial fixed assets | 28 | €10,000 | €1,500,000 | +€1.5m | +14900.0% |
| Current assets | 29/58 | €382,233 | €224,229 | -€158,004 | -41.3% |
| Amounts receivable within one year | 40/41 | €107,469 | €91,134 | -€16,335 | -15.2% |
| Trade receivables | 40 | €46,359 | €66,135 | +€19,776 | +42.7% |
| Other amounts receivable | 41 | €61,110 | €24,999 | -€36,111 | -59.1% |
| Current investments | 50/53 | €52,000 | €52,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €222,498 | €73,965 | -€148,534 | -66.8% |
| Deferred charges and accrued income | 490/1 | €266 | €7,131 | +€6,865 | +2582.9% |
| Total equity and liabilities | 10/49 | €1,279,789 | €2,543,511 | +€1.3m | +98.7% |
| Equity | 10/15 | €430,889 | €1,086,868 | +€655,979 | +152.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €428,514 | €1,084,493 | +€655,979 | +153.1% |
| Distributable reserves | 133 | €428,514 | €1,084,493 | +€655,979 | +153.1% |
| Profit (loss) carried forward | 14 | €1,376 | €1,376 | = | 0.0% |
| Amounts payable | 17/49 | €848,900 | €1,456,643 | +€607,743 | +71.6% |
| Amounts payable after more than one year | 17 | €643,546 | €847,719 | +€204,172 | +31.7% |
| Financial debts | 170/4 | €643,546 | €847,719 | +€204,172 | +31.7% |
| Amounts payable within one year | 42/48 | €204,404 | €607,974 | +€403,570 | +197.4% |
| Current portion of amounts payable after more than one year | 42 | €78,797 | €208,078 | +€129,281 | +164.1% |
| Trade debts | 44 | €811 | €13,520 | +€12,710 | +1567.6% |
| Suppliers | 440/4 | €811 | €13,520 | +€12,710 | +1567.6% |
| Advances received on contracts in progress | 46 | €2,790 | €2,790 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €62,448 | €127,041 | +€64,593 | +103.4% |
| Taxes | 450/3 | €62,448 | €127,041 | +€64,593 | +103.4% |
| Other amounts payable | 47/48 | €59,558 | €256,545 | +€196,987 | +330.7% |
| Accrued charges and deferred income | 492/3 | €950 | €950 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,424 | €68,275 | +€851 | +1.3% |
| Other operating charges | 640/8 | €9,082 | €5,891 | -€3,191 | -35.1% |
| Gross operating margin | 9900 | €212,690 | €239,158 | +€26,468 | +12.4% |
| Operating profit (loss) | 9901 | €136,184 | €164,992 | +€28,808 | +21.2% |
| Financial income | 75/76B | €2,660 | €622,196 | +€619,536 | +23292.1% |
| Recurring financial income | 75 | €2,660 | €622,196 | +€619,536 | +23292.1% |
| Financial charges | 65/66B | €35,259 | €20,542 | -€14,717 | -41.7% |
| Recurring financial charges | 65 | €35,259 | €20,542 | -€14,717 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €103,585 | €766,646 | +€663,061 | +640.1% |
| Income taxes | 67/77 | €36,223 | €110,667 | +€74,444 | +205.5% |
| Profit (loss) for the period | 9904 | €67,362 | €655,979 | +€588,617 | +873.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,362 | €655,979 | +€588,617 | +873.8% |
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 11 October 2026 via checked.be.