Lingy-Denolf: 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.
What changed
Lingy-Denolf
NACE 10.712, Artisanal bread and fresh pastry making
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€206,043
2024 · €201,118+€4,924
Equity
€914,399
2024 · €708,357+€206,043
Cash
€300,290
2024 · €225,911+€74,379
Balance sheet total
€1.1m
2024 · €958,096+€137,608
Largest movements
Assets
- Cash +€74,379
up €74,379 (+32.9%), from €225,911 to €300,290
mainly Net result for the year (+€206,043) and Depreciation (+€47,407)
- Current investments +€47,252
up €47,252 (+24.2%), from €195,122 to €242,374
- Receivables within one year +€19,409
up €19,409 (+227%), from €8,566 to €27,975
of which Other amounts receivable: +€18,340
Equity and liabilities
- Reserves +€206,043
up €206,043 (+49.4%), from €417,357 to €623,399
- Other debts -€45,067
down €45,067 (-61.1%), from €73,721 to €28,654
- Debts after one year -€24,370
down €24,370 (-20.9%), from €116,400 to €92,030
Income statement
- Financial charges -€4,523
down €4,523 (-21.5%), from €21,013 to €16,490
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.
Result 2024
€201,118
Gross operating margin
+€3,322
Depreciation
-€2,367
Other operating charges
-€2,841
Other operating items
+€2,633
Financial income
+€2,521
Financial charges
+€4,523
Taxes
-€2,868
Result 2025
€206,043
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€196,011
Investment
-€97,741
Financing
-€23,891
Cash 2024
€225,911
From operations (derived)
+€196,011
Net result for the year
+€206,043
Depreciation
+€47,407
Stocks and contracts
+€1,008
Receivables within one year
-€19,409
Deferred charges and accrued income
+€5,506
Trade debts
+€2,031
Tax, wage and social debts
+€1,752
Other debts
-€45,067
Accrued charges and deferred income
-€3,260
Investment (derived)
-€97,741
Investment in fixed assets (net)
-€50,489
Current investments
-€47,252
Financing
-€23,891
Debts after one year
-€24,370
Current portion of long-term debt
+€480
Cash 2025
€300,290
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €958,096 | €1,095,704 | +€137,608 | +14.4% |
| Fixed assets | 21/28 | €504,168 | €507,250 | +€3,082 | +0.6% |
| Tangible fixed assets | 22/27 | €504,168 | €507,250 | +€3,082 | +0.6% |
| Land and buildings | 22 | €276,253 | €307,136 | +€30,882 | +11.2% |
| Plant, machinery and equipment | 23 | €215,217 | €189,984 | -€25,233 | -11.7% |
| Furniture and vehicles | 24 | €12,698 | €10,131 | -€2,567 | -20.2% |
| Current assets | 29/58 | €453,928 | €588,454 | +€134,526 | +29.6% |
| Stocks and contracts in progress | 3 | €10,678 | €9,670 | -€1,008 | -9.4% |
| Stocks | 30/36 | €10,678 | €9,670 | -€1,008 | -9.4% |
| Amounts receivable within one year | 40/41 | €8,566 | €27,975 | +€19,409 | +227% |
| Trade receivables | 40 | €57 | €1,126 | +€1,069 | +1,869% |
| Other amounts receivable | 41 | €8,509 | €26,849 | +€18,340 | +216% |
| Current investments | 50/53 | €195,122 | €242,374 | +€47,252 | +24.2% |
| Cash at bank and in hand | 54/58 | €225,911 | €300,290 | +€74,379 | +32.9% |
| Deferred charges and accrued income | 490/1 | €13,651 | €8,145 | -€5,506 | -40.3% |
| Total equity and liabilities | 10/49 | €958,096 | €1,095,704 | +€137,608 | +14.4% |
| Equity | 10/15 | €708,357 | €914,399 | +€206,043 | +29.1% |
| Contributions | 10/11 | €291,000 | €291,000 | = | 0.0% |
| Reserves | 13 | €417,357 | €623,399 | +€206,043 | +49.4% |
| Distributable reserves | 133 | €417,357 | €623,399 | +€206,043 | +49.4% |
| Amounts payable | 17/49 | €249,739 | €181,305 | -€68,434 | -27.4% |
| Amounts payable after more than one year | 17 | €116,400 | €92,030 | -€24,370 | -20.9% |
| Financial debts | 170/4 | €116,400 | €92,030 | -€24,370 | -20.9% |
| Amounts payable within one year | 42/48 | €126,360 | €85,556 | -€40,804 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €23,891 | €24,370 | +€480 | +2.0% |
| Trade debts | 44 | €4,158 | €6,189 | +€2,031 | +48.8% |
| Suppliers | 440/4 | €4,158 | €6,189 | +€2,031 | +48.8% |
| Taxes, remuneration and social security | 45 | €24,590 | €26,342 | +€1,752 | +7.1% |
| Taxes | 450/3 | €24,590 | €26,342 | +€1,752 | +7.1% |
| Other amounts payable | 47/48 | €73,721 | €28,654 | -€45,067 | -61.1% |
| Accrued charges and deferred income | 492/3 | €6,979 | €3,719 | -€3,260 | -46.7% |
| Non-recurring operating income | 76A | €6,360 | €0 | -€6,360 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,040 | €47,407 | +€2,367 | +5.3% |
| Other operating charges | 640/8 | €1,634 | €4,475 | +€2,841 | +174% |
| Non-recurring operating charges | 66A | €2,633 | €0 | -€2,633 | -100% |
| Gross operating margin | 9900 | €359,775 | €363,098 | +€3,322 | +0.9% |
| Operating profit (loss) | 9901 | €310,468 | €311,216 | +€747 | +0.2% |
| Financial income | 75/76B | €4,644 | €7,166 | +€2,521 | +54.3% |
| Recurring financial income | 75 | €4,644 | €7,166 | +€2,521 | +54.3% |
| Financial charges | 65/66B | €21,013 | €16,490 | -€4,523 | -21.5% |
| Recurring financial charges | 65 | €21,013 | €16,490 | -€4,523 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €294,099 | €301,891 | +€7,792 | +2.6% |
| Income taxes | 67/77 | €92,981 | €95,849 | +€2,868 | +3.1% |
| Profit (loss) for the period | 9904 | €201,118 | €206,043 | +€4,924 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €201,118 | €206,043 | +€4,924 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.