LINDIM: 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.
LINDIM
Largest movements
- Cash +€719,610
up €719,610 (+577%), from €124,685 to €844,294
mainly Net result for the year (+€485,167) and Tax, wage and social debts (+€181,091)
- Receivables within one year +€242,166
up €242,166 (+26.9%), from €901,414 to €1.1m
- Tangible fixed assets -€107,474
down €107,474 (-6.4%), from €1.7m to €1.6m
of which Land and buildings: -€107,474
- Profit (loss) carried forward +€477,348
up €477,348 (+81.9%), from €582,578 to €1.1m
- Tax, wage and social debts +€181,091
up €181,091 (+816%), from €22,201 to €203,293
of which Taxes: +€180,834
- Short-term financial debts +€131,250
new in 2025: €131,250
- Other debts +€62,376
up €62,376 (+2.8%), from €2.2m to €2.3m
- Gross operating margin +€653,484
up €653,484 (+329%), from €198,355 to €851,840
- Taxes +€179,035
up €179,035 (+1,925%), from €9,303 to €188,338
- Financial charges +€10,499
up €10,499 (+18.9%), from €55,586 to €66,085
- Depreciation -€9,023
down €9,023 (-7.7%), from €116,497 to €107,474
- Financial income +€8,763
up €8,763 (+20.9%), from €42,018 to €50,782
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 | €3,970,250 | €4,829,204 | +€858,954 | +21.6% |
| Fixed assets | 21/28 | €1,679,123 | €1,571,648 | -€107,474 | -6.4% |
| Tangible fixed assets | 22/27 | €1,679,123 | €1,571,648 | -€107,474 | -6.4% |
| Land and buildings | 22 | €1,578,333 | €1,470,858 | -€107,474 | -6.8% |
| Other tangible fixed assets | 26 | €100,790 | €100,790 | = | 0.0% |
| Current assets | 29/58 | €2,291,128 | €3,257,556 | +€966,428 | +42.2% |
| Stocks and contracts in progress | 3 | €818,530 | €819,000 | +€470 | +0.1% |
| Stocks | 30/36 | €818,530 | €819,000 | +€470 | +0.1% |
| Amounts receivable within one year | 40/41 | €901,414 | €1,143,580 | +€242,166 | +26.9% |
| Other amounts receivable | 41 | €901,414 | €1,143,580 | +€242,166 | +26.9% |
| Current investments | 50/53 | €439,856 | €439,856 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €124,685 | €844,294 | +€719,610 | +577% |
| Deferred charges and accrued income | 490/1 | €6,643 | €10,826 | +€4,183 | +63.0% |
| Total equity and liabilities | 10/49 | €3,970,250 | €4,829,204 | +€858,954 | +21.6% |
| Equity | 10/15 | €1,682,089 | €2,167,256 | +€485,167 | +28.8% |
| Contributions | 10/11 | €841,000 | €841,000 | = | 0.0% |
| Capital | 10 | €841,000 | €841,000 | = | 0.0% |
| Issued capital | 100 | €841,000 | €841,000 | = | 0.0% |
| Reserves | 13 | €258,511 | €266,330 | +€7,819 | +3.0% |
| Non-distributable reserves | 130/1 | €27,526 | €52,650 | +€25,124 | +91.3% |
| Legal reserve | 130 | €27,526 | €52,650 | +€25,124 | +91.3% |
| Tax-exempt reserves | 132 | €196,225 | €178,920 | -€17,304 | -8.8% |
| Distributable reserves | 133 | €34,760 | €34,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | €582,578 | €1,059,926 | +€477,348 | +81.9% |
| Provisions and deferred taxes | 16 | €65,408 | €59,640 | -€5,768 | -8.8% |
| Deferred taxes | 168 | €65,408 | €59,640 | -€5,768 | -8.8% |
| Amounts payable | 17/49 | €2,222,753 | €2,602,308 | +€379,555 | +17.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,222,753 | €2,600,014 | +€377,261 | +17.0% |
| Financial debts | 43 | - | €131,250 | +€131,250 | |
| Credit institutions | 430/8 | - | €131,250 | +€131,250 | |
| Trade debts | 44 | €523 | €3,067 | +€2,544 | +486% |
| Suppliers | 440/4 | €523 | €3,067 | +€2,544 | +486% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €22,201 | €203,293 | +€181,091 | +816% |
| Taxes | 450/3 | €14,951 | €195,784 | +€180,834 | +1,210% |
| Remuneration and social security | 454/9 | €7,251 | €7,508 | +€258 | +3.6% |
| Other amounts payable | 47/48 | €2,200,028 | €2,262,404 | +€62,376 | +2.8% |
| Accrued charges and deferred income | 492/3 | €0 | €2,294 | +€2,294 | |
| Remuneration, social security and pensions | 62 | €29,390 | €30,300 | +€910 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,497 | €107,474 | -€9,023 | -7.7% |
| Other operating charges | 640/8 | €29,147 | €31,026 | +€1,879 | +6.4% |
| Gross operating margin | 9900 | €198,355 | €851,840 | +€653,484 | +329% |
| Operating profit (loss) | 9901 | €23,322 | €683,040 | +€659,718 | +2,829% |
| Financial income | 75/76B | €42,018 | €50,782 | +€8,763 | +20.9% |
| Recurring financial income | 75 | €42,018 | €50,782 | +€8,763 | +20.9% |
| Financial charges | 65/66B | €55,586 | €66,085 | +€10,499 | +18.9% |
| Recurring financial charges | 65 | €55,586 | €66,085 | +€10,499 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €9,754 | €667,736 | +€657,982 | +6,746% |
| Transfer from deferred taxes | 780 | €5,768 | €5,768 | = | 0.0% |
| Income taxes | 67/77 | €9,303 | €188,338 | +€179,035 | +1,925% |
| Profit (loss) for the period | 9904 | €6,220 | €485,167 | +€478,947 | +7,700% |
| Transfer from tax-exempt reserves | 789 | €17,304 | €17,304 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,524 | €502,471 | +€478,947 | +2,036% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.