LINSSEN & PARTNERS: 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.
LINSSEN & PARTNERS
Largest movements
- Current investments -€100,452
down €100,452 (-100%), from €100,452 to €0
- Tangible fixed assets -€78,897
down €78,897 (-34.7%), from €227,376 to €148,480
of which Furniture and vehicles: -€53,516
- Cash +€73,897
up €73,897 (+455%), from €16,249 to €90,145
mainly Net result for the year (+€183,133) and Current investments (+€100,452)
- Intangible fixed assets +€62,380
new in 2025: €62,380
- Receivables within one year +€13,166
up €13,166 (+7.5%), from €176,622 to €189,788
of which Other amounts receivable: +€16,751
- Other debts +€36,000
up €36,000 (+25.7%), from €140,000 to €176,000
- Debts after one year -€28,658
down €28,658 (-18.5%), from €154,783 to €126,125
- Accrued charges and deferred income -€15,000
down €15,000 (-85.7%), from €17,500 to €2,500
- Current portion of long-term debt -€11,960
down €11,960 (-27.5%), from €43,540 to €31,580
- Tax, wage and social debts -€10,470
down €10,470 (-34.0%), from €30,826 to €20,356
of which Remuneration and social security: -€11,865
- Gross operating margin +€48,705
up €48,705 (+13.5%), from €361,034 to €409,739
- Depreciation +€4,161
up €4,161 (+14.0%), from €29,630 to €33,791
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 | €523,652 | €493,530 | -€30,122 | -5.8% |
| Fixed assets | 21/28 | €227,376 | €210,860 | -€16,517 | -7.3% |
| Intangible fixed assets | 21 | - | €62,380 | +€62,380 | |
| Tangible fixed assets | 22/27 | €227,376 | €148,480 | -€78,897 | -34.7% |
| Plant, machinery and equipment | 23 | €20,195 | €16,686 | -€3,510 | -17.4% |
| Furniture and vehicles | 24 | €54,085 | €569 | -€53,516 | -98.9% |
| Other tangible fixed assets | 26 | €153,096 | €131,225 | -€21,871 | -14.3% |
| Current assets | 29/58 | €296,276 | €282,670 | -€13,605 | -4.6% |
| Amounts receivable within one year | 40/41 | €176,622 | €189,788 | +€13,166 | +7.5% |
| Trade receivables | 40 | €144,991 | €141,405 | -€3,586 | -2.5% |
| Other amounts receivable | 41 | €31,631 | €48,383 | +€16,751 | +53.0% |
| Current investments | 50/53 | €100,452 | €0 | -€100,452 | -100% |
| Cash at bank and in hand | 54/58 | €16,249 | €90,145 | +€73,897 | +455% |
| Deferred charges and accrued income | 490/1 | €2,953 | €2,737 | -€216 | -7.3% |
| Total equity and liabilities | 10/49 | €523,652 | €493,530 | -€30,122 | -5.8% |
| Equity | 10/15 | €124,446 | €131,579 | +€7,133 | +5.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €99,446 | €106,579 | +€7,133 | +7.2% |
| Distributable reserves | 133 | €99,446 | €106,579 | +€7,133 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €399,206 | €361,951 | -€37,255 | -9.3% |
| Amounts payable after more than one year | 17 | €154,783 | €126,125 | -€28,658 | -18.5% |
| Financial debts | 170/4 | €154,783 | €126,125 | -€28,658 | -18.5% |
| Amounts payable within one year | 42/48 | €226,923 | €233,326 | +€6,403 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €43,540 | €31,580 | -€11,960 | -27.5% |
| Trade debts | 44 | €12,557 | €5,390 | -€7,167 | -57.1% |
| Suppliers | 440/4 | €12,557 | €5,390 | -€7,167 | -57.1% |
| Taxes, remuneration and social security | 45 | €30,826 | €20,356 | -€10,470 | -34.0% |
| Taxes | 450/3 | €5,598 | €6,994 | +€1,395 | +24.9% |
| Remuneration and social security | 454/9 | €25,228 | €13,363 | -€11,865 | -47.0% |
| Other amounts payable | 47/48 | €140,000 | €176,000 | +€36,000 | +25.7% |
| Accrued charges and deferred income | 492/3 | €17,500 | €2,500 | -€15,000 | -85.7% |
| Non-recurring operating income | 76A | €1,100 | €0 | -€1,100 | -100% |
| Remuneration, social security and pensions | 62 | €170,080 | €168,267 | -€1,813 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,630 | €33,791 | +€4,161 | +14.0% |
| Other operating charges | 640/8 | €4,536 | €5,684 | +€1,148 | +25.3% |
| Non-recurring operating charges | 66A | - | €10,656 | +€10,656 | |
| Gross operating margin | 9900 | €361,034 | €409,739 | +€48,705 | +13.5% |
| Operating profit (loss) | 9901 | €156,787 | €191,341 | +€34,554 | +22.0% |
| Financial income | 75/76B | €791 | €479 | -€312 | -39.4% |
| Recurring financial income | 75 | €791 | €479 | -€312 | -39.4% |
| Financial charges | 65/66B | €2,801 | €3,635 | +€835 | +29.8% |
| Recurring financial charges | 65 | €2,801 | €3,635 | +€835 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €154,777 | €188,185 | +€33,407 | +21.6% |
| Income taxes | 67/77 | €5,614 | €5,052 | -€562 | -10.0% |
| Profit (loss) for the period | 9904 | €149,163 | €183,133 | +€33,969 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €149,163 | €183,133 | +€33,969 | +22.8% |
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 1 November 2026 via checked.be.