LINDUS: 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.
LINDUS
Largest movements
- Cash +€115,066
up €115,066 (+395%), from €29,161 to €144,227
mainly Tax, wage and social debts (+€69,650) and Net result for the year (+€35,347)
- Receivables within one year +€18,417
up €18,417 (+435%), from €4,236 to €22,653
of which Trade receivables: +€10,745
- Tax, wage and social debts +€69,650
up €69,650 (+19,440%), from €358 to €70,008
- Reserves +€35,347
up €35,347 (+6,729%), from €525 to €35,872
of which Distributable reserves: +€33,580
- Trade debts +€31,607
new in 2025: €31,607
- Other debts -€2,447
down €2,447 (-16.3%), from €15,013 to €12,566
- Gross operating margin +€37,133
up €37,133 (+1,847%), from €2,011 to €39,144
- Financial charges +€2,867
up €2,867 (+482%), from €595 to €3,463
- Financial income +€518
new in 2025: €518
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 | €77,397 | €211,858 | +€134,462 | +174% |
| Fixed assets | 21/28 | - | €2,007 | +€2,007 | |
| Tangible fixed assets | 22/27 | - | €2,007 | +€2,007 | |
| Land and buildings | 22 | - | €2,007 | +€2,007 | |
| Current assets | 29/58 | €77,397 | €209,851 | +€132,455 | +171% |
| Stocks and contracts in progress | 3 | €44,000 | €42,500 | -€1,500 | -3.4% |
| Stocks | 30/36 | €44,000 | €42,500 | -€1,500 | -3.4% |
| Amounts receivable within one year | 40/41 | €4,236 | €22,653 | +€18,417 | +435% |
| Trade receivables | 40 | €3,476 | €14,220 | +€10,745 | +309% |
| Other amounts receivable | 41 | €760 | €8,432 | +€7,672 | +1,009% |
| Cash at bank and in hand | 54/58 | €29,161 | €144,227 | +€115,066 | +395% |
| Deferred charges and accrued income | 490/1 | - | €472 | +€472 | |
| Total equity and liabilities | 10/49 | €77,397 | €211,858 | +€134,462 | +174% |
| Equity | 10/15 | €62,025 | €97,372 | +€35,347 | +57.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €525 | €35,872 | +€35,347 | +6,729% |
| Non-distributable reserves | 130/1 | - | €1,767 | +€1,767 | |
| Legal reserve | 130 | - | €1,767 | +€1,767 | |
| Distributable reserves | 133 | €525 | €34,105 | +€33,580 | +6,392% |
| Amounts payable | 17/49 | €15,371 | €114,486 | +€99,115 | +645% |
| Amounts payable within one year | 42/48 | €15,371 | €114,181 | +€98,810 | +643% |
| Trade debts | 44 | - | €31,607 | +€31,607 | |
| Suppliers | 440/4 | - | €31,607 | +€31,607 | |
| Taxes, remuneration and social security | 45 | €358 | €70,008 | +€69,650 | +19,440% |
| Taxes | 450/3 | €358 | €70,008 | +€69,650 | +19,440% |
| Other amounts payable | 47/48 | €15,013 | €12,566 | -€2,447 | -16.3% |
| Accrued charges and deferred income | 492/3 | - | €305 | +€305 | |
| Remuneration, social security and pensions | 62 | €203 | €0 | -€203 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12 | +€12 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,011 | €39,144 | +€37,133 | +1,847% |
| Operating profit (loss) | 9901 | €1,421 | €38,732 | +€37,311 | +2,627% |
| Financial income | 75/76B | - | €518 | +€518 | |
| Recurring financial income | 75 | - | €518 | +€518 | |
| Financial charges | 65/66B | €595 | €3,463 | +€2,867 | +482% |
| Recurring financial charges | 65 | €595 | €3,463 | +€2,867 | +482% |
| Profit (loss) for the period before taxes | 9903 | €825 | €35,787 | +€34,962 | +4,236% |
| Income taxes | 67/77 | €300 | €440 | +€140 | +46.8% |
| Profit (loss) for the period | 9904 | €525 | €35,347 | +€34,822 | +6,629% |
| Profit (loss) for the period to be appropriated | 9905 | €525 | €35,347 | +€34,822 | +6,629% |
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 17 October 2026 via checked.be.