LINDENSTOCK: 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.
LINDENSTOCK
Largest movements
- Current investments +€99,314
new in 2025: €99,314
- Cash -€65,142
down €65,142 (-90.3%), from €72,119 to €6,976
mainly Current investments (-€99,314) and Contributions, distributions and other (-€26,661)
- Tangible fixed assets -€18,540
down €18,540 (-35.3%), from €52,575 to €34,034
of which Leasing and similar rights: -€22,085
- Receivables within one year +€15,692
up €15,692 (+28.1%), from €55,851 to €71,543
of which Other amounts receivable: +€21,148
- Deferred charges and accrued income -€13,012
down €13,012 (-24.4%), from €53,324 to €40,312
- Reserves +€37,987
up €37,987 (+20.9%), from €181,876 to €219,863
- Current portion of long-term debt -€19,273
down €19,273 (-76.5%), from €25,191 to €5,918
- Tax, wage and social debts +€6,846
up €6,846 (+85.6%), from €8,000 to €14,846
- Debts after one year -€5,918
no longer reported in 2025 (was €5,918)
- Gross operating margin -€64,656
down €64,656 (-34.7%), from €186,413 to €121,757
- Taxes -€15,472
down €15,472 (-33.7%), from €45,942 to €30,470
- Depreciation -€9,777
down €9,777 (-28.5%), from €34,359 to €24,581
- Financial income +€1,954
up €1,954 (+333%), from €587 to €2,541
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 | €233,868 | €252,179 | +€18,311 | +7.8% |
| Fixed assets | 21/28 | €52,575 | €34,034 | -€18,540 | -35.3% |
| Tangible fixed assets | 22/27 | €52,575 | €34,034 | -€18,540 | -35.3% |
| Plant, machinery and equipment | 23 | €1,132 | - | -€1,132 | |
| Furniture and vehicles | 24 | €3,090 | €7,767 | +€4,677 | +151% |
| Leasing and similar rights | 25 | €48,352 | €26,267 | -€22,085 | -45.7% |
| Current assets | 29/58 | €181,294 | €218,145 | +€36,851 | +20.3% |
| Amounts receivable within one year | 40/41 | €55,851 | €71,543 | +€15,692 | +28.1% |
| Trade receivables | 40 | €25,713 | €20,256 | -€5,457 | -21.2% |
| Other amounts receivable | 41 | €30,139 | €51,287 | +€21,148 | +70.2% |
| Current investments | 50/53 | - | €99,314 | +€99,314 | |
| Cash at bank and in hand | 54/58 | €72,119 | €6,976 | -€65,142 | -90.3% |
| Deferred charges and accrued income | 490/1 | €53,324 | €40,312 | -€13,012 | -24.4% |
| Total equity and liabilities | 10/49 | €233,868 | €252,179 | +€18,311 | +7.8% |
| Equity | 10/15 | €188,076 | €226,063 | +€37,987 | +20.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €181,876 | €219,863 | +€37,987 | +20.9% |
| Distributable reserves | 133 | €181,876 | €219,863 | +€37,987 | +20.9% |
| Amounts payable | 17/49 | €45,792 | €26,116 | -€19,676 | -43.0% |
| Amounts payable after more than one year | 17 | €5,918 | - | -€5,918 | |
| Financial debts | 170/4 | €5,918 | - | -€5,918 | |
| Amounts payable within one year | 42/48 | €39,874 | €25,513 | -€14,361 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €25,191 | €5,918 | -€19,273 | -76.5% |
| Trade debts | 44 | €6,683 | €4,749 | -€1,934 | -28.9% |
| Suppliers | 440/4 | €6,683 | €4,749 | -€1,934 | -28.9% |
| Taxes, remuneration and social security | 45 | €8,000 | €14,846 | +€6,846 | +85.6% |
| Taxes | 450/3 | €8,000 | €14,846 | +€6,846 | +85.6% |
| Accrued charges and deferred income | 492/3 | - | €603 | +€603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,359 | €24,581 | -€9,777 | -28.5% |
| Other operating charges | 640/8 | €3,211 | €3,188 | -€24 | -0.7% |
| Gross operating margin | 9900 | €186,413 | €121,757 | -€64,656 | -34.7% |
| Operating profit (loss) | 9901 | €148,843 | €93,988 | -€54,855 | -36.9% |
| Financial income | 75/76B | €587 | €2,541 | +€1,954 | +333% |
| Recurring financial income | 75 | €587 | €2,541 | +€1,954 | +333% |
| Financial charges | 65/66B | €1,161 | €1,412 | +€251 | +21.6% |
| Recurring financial charges | 65 | €1,161 | €1,412 | +€251 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €148,269 | €95,118 | -€53,151 | -35.8% |
| Income taxes | 67/77 | €45,942 | €30,470 | -€15,472 | -33.7% |
| Profit (loss) for the period | 9904 | €102,327 | €64,648 | -€37,679 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,327 | €64,648 | -€37,679 | -36.8% |
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 28 October 2026 via checked.be.