Lindsey Vranken: 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.
Lindsey Vranken
Largest movements
- Receivables within one year +€52,773
up €52,773 (+147%), from €36,000 to €88,773
of which Other amounts receivable: +€29,272
- Cash -€20,109
down €20,109 (-32.8%), from €61,295 to €41,186
mainly Receivables within one year (-€52,773) and Accrued charges and deferred income (-€10,271)
- Tangible fixed assets -€2,801
down €2,801 (-29.1%), from €9,611 to €6,809
of which Furniture and vehicles: -€2,178
- Reserves +€34,994
up €34,994 (+216%), from €16,173 to €51,166
- Accrued charges and deferred income -€10,271
down €10,271 (-14.2%), from €72,538 to €62,267
- Tax, wage and social debts +€6,733
up €6,733 (+98.5%), from €6,834 to €13,568
- Trade debts -€2,415
down €2,415 (-77.4%), from €3,119 to €704
- Other debts -€1,556
down €1,556 (-100%), from €1,556 to €0
- Gross operating margin +€15,324
up €15,324 (+41.8%), from €36,694 to €52,018
- Financial charges -€4,231
down €4,231 (-55.1%), from €7,675 to €3,444
- Taxes +€3,349
up €3,349 (+49.0%), from €6,834 to €10,183
- Depreciation -€1,594
down €1,594 (-36.3%), from €4,396 to €2,801
- Other operating charges -€956
down €956 (-59.1%), from €1,618 to €662
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 | €107,748 | €136,966 | +€29,218 | +27.1% |
| Fixed assets | 21/28 | €9,611 | €6,809 | -€2,801 | -29.1% |
| Tangible fixed assets | 22/27 | €9,611 | €6,809 | -€2,801 | -29.1% |
| Plant, machinery and equipment | 23 | €2,261 | €1,638 | -€623 | -27.6% |
| Furniture and vehicles | 24 | €7,349 | €5,171 | -€2,178 | -29.6% |
| Current assets | 29/58 | €98,137 | €130,156 | +€32,019 | +32.6% |
| Amounts receivable within one year | 40/41 | €36,000 | €88,773 | +€52,773 | +147% |
| Trade receivables | 40 | €30,000 | €53,501 | +€23,501 | +78.3% |
| Other amounts receivable | 41 | €6,000 | €35,272 | +€29,272 | +488% |
| Cash at bank and in hand | 54/58 | €61,295 | €41,186 | -€20,109 | -32.8% |
| Deferred charges and accrued income | 490/1 | €842 | €197 | -€645 | -76.6% |
| Total equity and liabilities | 10/49 | €107,748 | €136,966 | +€29,218 | +27.1% |
| Equity | 10/15 | €17,173 | €52,166 | +€34,994 | +204% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,173 | €51,166 | +€34,994 | +216% |
| Distributable reserves | 133 | €16,173 | €51,166 | +€34,994 | +216% |
| Amounts payable | 17/49 | €90,575 | €84,800 | -€5,775 | -6.4% |
| Amounts payable after more than one year | 17 | €4,037 | €4,349 | +€312 | +7.7% |
| Financial debts | 170/4 | €4,037 | €4,349 | +€312 | +7.7% |
| Amounts payable within one year | 42/48 | €14,000 | €18,183 | +€4,184 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €2,491 | €3,912 | +€1,421 | +57.1% |
| Trade debts | 44 | €3,119 | €704 | -€2,415 | -77.4% |
| Suppliers | 440/4 | €3,119 | €704 | -€2,415 | -77.4% |
| Taxes, remuneration and social security | 45 | €6,834 | €13,568 | +€6,733 | +98.5% |
| Taxes | 450/3 | €6,834 | €13,568 | +€6,733 | +98.5% |
| Other amounts payable | 47/48 | €1,556 | €0 | -€1,556 | -100% |
| Accrued charges and deferred income | 492/3 | €72,538 | €62,267 | -€10,271 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,396 | €2,801 | -€1,594 | -36.3% |
| Other operating charges | 640/8 | €1,618 | €662 | -€956 | -59.1% |
| Gross operating margin | 9900 | €36,694 | €52,018 | +€15,324 | +41.8% |
| Operating profit (loss) | 9901 | €30,681 | €48,555 | +€17,874 | +58.3% |
| Financial income | 75/76B | €1 | €67 | +€65 | +5,840% |
| Recurring financial income | 75 | €1 | €67 | +€65 | +5,840% |
| Financial charges | 65/66B | €7,675 | €3,444 | -€4,231 | -55.1% |
| Recurring financial charges | 65 | €7,675 | €3,444 | -€4,231 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €23,007 | €45,177 | +€22,170 | +96.4% |
| Income taxes | 67/77 | €6,834 | €10,183 | +€3,349 | +49.0% |
| Profit (loss) for the period | 9904 | €16,173 | €34,994 | +€18,821 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €16,173 | €34,994 | +€18,821 | +116% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.