LINDERS CONSTRUCTION: 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.
LINDERS CONSTRUCTION
Largest movements
- Tangible fixed assets -€15,810
down €15,810 (-41.7%), from €37,929 to €22,119
of which Furniture and vehicles: -€10,215
- Cash -€12,514
down €12,514 (-37.9%), from €33,041 to €20,527
mainly Trade debts (-€12,095) and Receivables within one year (-€12,077)
- Receivables within one year +€12,077
up €12,077 (+7.6%), from €158,159 to €170,235
of which Other amounts receivable: +€28,816
- Reserves +€12,206
up €12,206 (+11.3%), from €108,051 to €120,257
- Trade debts -€12,095
down €12,095 (-69.6%), from €17,383 to €5,288
- Debts after one year -€7,543
down €7,543 (-38.8%), from €19,466 to €11,923
- Current portion of long-term debt -€5,713
down €5,713 (-43.1%), from €13,256 to €7,543
- Staff costs +€10,831
up €10,831 (+70.8%), from €15,292 to €26,123
- Gross operating margin +€10,448
up €10,448 (+20.1%), from €51,969 to €62,417
- Depreciation -€2,121
down €2,121 (-9.8%), from €21,620 to €19,499
- Taxes +€1,305
up €1,305 (+40.0%), from €3,262 to €4,567
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 | €239,761 | €224,924 | -€14,837 | -6.2% |
| Fixed assets | 21/28 | €38,034 | €22,224 | -€15,810 | -41.6% |
| Tangible fixed assets | 22/27 | €37,929 | €22,119 | -€15,810 | -41.7% |
| Plant, machinery and equipment | 23 | €27,714 | €22,119 | -€5,595 | -20.2% |
| Furniture and vehicles | 24 | €10,215 | - | -€10,215 | |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €201,727 | €202,700 | +€974 | +0.5% |
| Stocks and contracts in progress | 3 | €7,250 | €9,500 | +€2,250 | +31.0% |
| Stocks | 30/36 | €7,250 | €9,500 | +€2,250 | +31.0% |
| Amounts receivable within one year | 40/41 | €158,159 | €170,235 | +€12,077 | +7.6% |
| Trade receivables | 40 | €131,664 | €114,925 | -€16,740 | -12.7% |
| Other amounts receivable | 41 | €26,495 | €55,311 | +€28,816 | +108.8% |
| Cash at bank and in hand | 54/58 | €33,041 | €20,527 | -€12,514 | -37.9% |
| Deferred charges and accrued income | 490/1 | €3,277 | €2,438 | -€839 | -25.6% |
| Total equity and liabilities | 10/49 | €239,761 | €224,924 | -€14,837 | -6.2% |
| Equity | 10/15 | €166,750 | €178,956 | +€12,206 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €108,051 | €120,257 | +€12,206 | +11.3% |
| Distributable reserves | 133 | €108,051 | €120,257 | +€12,206 | +11.3% |
| Profit (loss) carried forward | 14 | €52,498 | €52,498 | = | 0.0% |
| Amounts payable | 17/49 | €73,011 | €45,969 | -€27,042 | -37.0% |
| Amounts payable after more than one year | 17 | €19,466 | €11,923 | -€7,543 | -38.8% |
| Financial debts | 170/4 | €19,466 | €11,923 | -€7,543 | -38.8% |
| Amounts payable within one year | 42/48 | €53,545 | €34,046 | -€19,499 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €13,256 | €7,543 | -€5,713 | -43.1% |
| Trade debts | 44 | €17,383 | €5,288 | -€12,095 | -69.6% |
| Suppliers | 440/4 | €17,383 | €5,288 | -€12,095 | -69.6% |
| Taxes, remuneration and social security | 45 | €22,906 | €21,215 | -€1,691 | -7.4% |
| Taxes | 450/3 | €22,412 | €20,871 | -€1,541 | -6.9% |
| Remuneration and social security | 454/9 | €495 | €345 | -€150 | -30.3% |
| Remuneration, social security and pensions | 62 | €15,292 | €26,123 | +€10,831 | +70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,620 | €19,499 | -€2,121 | -9.8% |
| Other operating charges | 640/8 | €1,027 | €895 | -€131 | -12.8% |
| Gross operating margin | 9900 | €51,969 | €62,417 | +€10,448 | +20.1% |
| Operating profit (loss) | 9901 | €14,030 | €15,900 | +€1,869 | +13.3% |
| Financial income | 75/76B | €3,067 | €2,755 | -€312 | -10.2% |
| Recurring financial income | 75 | €3,067 | €2,755 | -€312 | -10.2% |
| Financial charges | 65/66B | €2,057 | €1,881 | -€175 | -8.5% |
| Recurring financial charges | 65 | €2,057 | €1,881 | -€175 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €15,040 | €16,773 | +€1,732 | +11.5% |
| Income taxes | 67/77 | €3,262 | €4,567 | +€1,305 | +40.0% |
| Profit (loss) for the period | 9904 | €11,778 | €12,206 | +€428 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,778 | €12,206 | +€428 | +3.6% |
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 8 October 2026 via checked.be.