LSL - VAN LINDEN: 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.
LSL - VAN LINDEN
Largest movements
- Tangible fixed assets -€36,261
down €36,261 (-2.8%), from €1.3m to €1.3m
of which Land and buildings: -€27,166
- Cash -€15,571
down €15,571 (-68.0%), from €22,893 to €7,322
mainly Net result for the year (-€33,643) and Trade debts (-€23,837)
- Reserves -€33,643
down €33,643 (-3.3%), from €1.0m to €979,603
of which Distributable reserves: -€33,643
- Trade debts -€23,837
down €23,837 (-91.3%), from €26,113 to €2,276
- Short-term financial debts +€21,801
up €21,801 (+6.8%), from €321,726 to €343,528
- Financial charges +€16,128
up €16,128 (+59.4%), from €27,153 to €43,281
- Gross operating margin +€16,113
up €16,113 (+46.4%), from €34,752 to €50,864
- Depreciation +€4,121
up €4,121 (+13.1%), from €31,438 to €35,559
- Other operating charges -€1,825
down €1,825 (-24.6%), from €7,426 to €5,601
- Taxes -€690
down €690 (-89.3%), from €772 to €82
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 | €1,504,368 | €1,462,494 | -€41,874 | -2.8% |
| Fixed assets | 21/28 | €1,293,065 | €1,256,803 | -€36,261 | -2.8% |
| Tangible fixed assets | 22/27 | €1,293,065 | €1,256,803 | -€36,261 | -2.8% |
| Land and buildings | 22 | €1,266,955 | €1,239,789 | -€27,166 | -2.1% |
| Plant, machinery and equipment | 23 | €422 | €0 | -€422 | -100.0% |
| Furniture and vehicles | 24 | €25,688 | €17,014 | -€8,674 | -33.8% |
| Current assets | 29/58 | €211,303 | €205,690 | -€5,613 | -2.7% |
| Stocks and contracts in progress | 3 | €171,814 | €171,814 | = | 0.0% |
| Stocks | 30/36 | €171,814 | €171,814 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,526 | €22,386 | +€10,860 | +94.2% |
| Other amounts receivable | 41 | €11,526 | €22,386 | +€10,860 | +94.2% |
| Current investments | 50/53 | €316 | €313 | -€4 | -1.1% |
| Cash at bank and in hand | 54/58 | €22,893 | €7,322 | -€15,571 | -68.0% |
| Deferred charges and accrued income | 490/1 | €4,754 | €3,856 | -€898 | -18.9% |
| Total equity and liabilities | 10/49 | €1,504,368 | €1,462,494 | -€41,874 | -2.8% |
| Equity | 10/15 | €1,088,246 | €1,054,603 | -€33,643 | -3.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,013,246 | €979,603 | -€33,643 | -3.3% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,005,746 | €972,103 | -€33,643 | -3.3% |
| Amounts payable | 17/49 | €416,122 | €407,891 | -€8,231 | -2.0% |
| Amounts payable after more than one year | 17 | €13,500 | €6,923 | -€6,577 | -48.7% |
| Financial debts | 170/4 | €13,500 | €6,923 | -€6,577 | -48.7% |
| Amounts payable within one year | 42/48 | €348,770 | €345,885 | -€2,885 | -0.8% |
| Financial debts | 43 | €321,726 | €343,528 | +€21,801 | +6.8% |
| Credit institutions | 430/8 | €321,726 | €343,528 | +€21,801 | +6.8% |
| Trade debts | 44 | €26,113 | €2,276 | -€23,837 | -91.3% |
| Suppliers | 440/4 | €26,113 | €2,276 | -€23,837 | -91.3% |
| Taxes, remuneration and social security | 45 | €772 | €82 | -€690 | -89.4% |
| Taxes | 450/3 | €772 | €82 | -€690 | -89.4% |
| Other amounts payable | 47/48 | €159 | €0 | -€159 | -100% |
| Accrued charges and deferred income | 492/3 | €53,852 | €55,082 | +€1,230 | +2.3% |
| Non-recurring operating income | 76A | €500 | €18,298 | +€17,798 | +3,560% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,438 | €35,559 | +€4,121 | +13.1% |
| Other operating charges | 640/8 | €7,426 | €5,601 | -€1,825 | -24.6% |
| Non-recurring operating charges | 66A | €9,112 | €0 | -€9,112 | -100% |
| Gross operating margin | 9900 | €34,752 | €50,864 | +€16,113 | +46.4% |
| Operating profit (loss) | 9901 | -€13,224 | €9,704 | +€22,928 | |
| Financial income | 75/76B | €407 | €16 | -€391 | -96.1% |
| Recurring financial income | 75 | €407 | €16 | -€391 | -96.1% |
| Financial charges | 65/66B | €27,153 | €43,281 | +€16,128 | +59.4% |
| Recurring financial charges | 65 | €27,153 | €43,281 | +€16,128 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | -€39,970 | -€33,561 | +€6,409 | +16.0% |
| Income taxes | 67/77 | €772 | €82 | -€690 | -89.3% |
| Profit (loss) for the period | 9904 | -€40,742 | -€33,643 | +€7,099 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,742 | -€33,643 | +€7,099 | +17.4% |
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 20 October 2026 via checked.be.