LINSSEN TOON: what changed
What changed
LINSSEN TOON
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€110,688
2024 · €163,120-€52,433
Equity
€694,461
2024 · €583,773+€110,688
Cash
€55,542
2024 · €59,674-€4,132
Balance sheet total
€1.2m
2024 · €1.6m-€419,182
Largest movements
Assets
- Financial fixed assets -€401,250
down €401,250 (-46.5%), from €863,063 to €461,813
- Tangible fixed assets -€37,290
down €37,290 (-7.0%), from €532,494 to €495,204
of which Land and buildings: -€23,949
- Receivables within one year +€22,317
up €22,317 (+55.4%), from €40,315 to €62,631
of which Other amounts receivable: +€22,317
Equity and liabilities
- Debts after one year -€490,154
down €490,154 (-61.7%), from €793,803 to €303,649
of which Financial debts: -€490,154
- Reserves +€110,688
up €110,688 (+19.4%), from €571,373 to €682,061
- Current portion of long-term debt -€30,644
down €30,644 (-18.8%), from €162,802 to €132,158
Income statement
- Gross operating margin -€74,759
down €74,759 (-24.6%), from €303,455 to €228,696
- Taxes -€14,497
down €14,497 (-20.2%), from €71,782 to €57,285
- Financial charges -€8,669
down €8,669 (-28.6%), from €30,259 to €21,590
- Other operating charges +€3,395
up €3,395 (+100%), from €3,387 to €6,782
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€163,120
Gross operating margin
-€74,759
Depreciation
-€0
Other operating charges
-€3,395
Financial income
+€2,555
Financial charges
+€8,669
Taxes
+€14,497
Result 2025
€110,688
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€121,929
Investment
+€386,250
Financing
-€512,311
Cash 2024
€59,674
From operations (derived)
+€121,929
Net result for the year
+€110,688
Depreciation
+€37,290
Receivables within one year
-€22,317
Deferred charges and accrued income
+€13,827
Trade debts
-€1,535
Tax, wage and social debts
-€1,324
Other debts
-€14,700
Investment (derived)
+€386,250
Investment in fixed assets (net)
+€401,250
Current investments
-€15,000
Financing
-€512,311
Debts after one year
-€490,154
Current portion of long-term debt
-€30,644
Short-term financial debts
+€8,487
Cash 2025
€55,542
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,577,182 | €1,157,999 | -€419,182 | -26.6% |
| Fixed assets | 21/28 | €1,395,556 | €957,016 | -€438,540 | -31.4% |
| Tangible fixed assets | 22/27 | €532,494 | €495,204 | -€37,290 | -7.0% |
| Land and buildings | 22 | €480,555 | €456,606 | -€23,949 | -5.0% |
| Leasing and similar rights | 25 | €51,939 | €38,598 | -€13,341 | -25.7% |
| Financial fixed assets | 28 | €863,063 | €461,813 | -€401,250 | -46.5% |
| Current assets | 29/58 | €181,626 | €200,983 | +€19,358 | +10.7% |
| Amounts receivable within one year | 40/41 | €40,315 | €62,631 | +€22,317 | +55.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €40,315 | €62,631 | +€22,317 | +55.4% |
| Current investments | 50/53 | €64,150 | €79,150 | +€15,000 | +23.4% |
| Cash at bank and in hand | 54/58 | €59,674 | €55,542 | -€4,132 | -6.9% |
| Deferred charges and accrued income | 490/1 | €17,487 | €3,660 | -€13,827 | -79.1% |
| Total equity and liabilities | 10/49 | €1,577,182 | €1,157,999 | -€419,182 | -26.6% |
| Equity | 10/15 | €583,773 | €694,461 | +€110,688 | +19.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €571,373 | €682,061 | +€110,688 | +19.4% |
| Distributable reserves | 133 | €571,373 | €682,061 | +€110,688 | +19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €993,409 | €463,539 | -€529,870 | -53.3% |
| Amounts payable after more than one year | 17 | €793,803 | €303,649 | -€490,154 | -61.7% |
| Financial debts | 170/4 | €788,803 | €298,649 | -€490,154 | -62.1% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €199,606 | €159,890 | -€39,716 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €162,802 | €132,158 | -€30,644 | -18.8% |
| Financial debts | 43 | €6,796 | €15,283 | +€8,487 | +125% |
| Credit institutions | 430/8 | €6,796 | €15,283 | +€8,487 | +125% |
| Trade debts | 44 | €2,298 | €763 | -€1,535 | -66.8% |
| Suppliers | 440/4 | €2,298 | €763 | -€1,535 | -66.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,011 | €11,687 | -€1,324 | -10.2% |
| Taxes | 450/3 | €13,011 | €11,687 | -€1,324 | -10.2% |
| Other amounts payable | 47/48 | €14,700 | €0 | -€14,700 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,290 | €37,290 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,387 | €6,782 | +€3,395 | +100% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €303,455 | €228,696 | -€74,759 | -24.6% |
| Operating profit (loss) | 9901 | €262,778 | €184,624 | -€78,154 | -29.7% |
| Financial income | 75/76B | €2,383 | €4,938 | +€2,555 | +107% |
| Recurring financial income | 75 | €2,383 | €4,938 | +€2,555 | +107% |
| Financial charges | 65/66B | €30,259 | €21,590 | -€8,669 | -28.6% |
| Recurring financial charges | 65 | €30,259 | €21,590 | -€8,669 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €234,902 | €167,972 | -€66,930 | -28.5% |
| Income taxes | 67/77 | €71,782 | €57,285 | -€14,497 | -20.2% |
| Profit (loss) for the period | 9904 | €163,120 | €110,688 | -€52,433 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €163,120 | €110,688 | -€52,433 | -32.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.