Lynel: what changed
Two fiscal 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.
Lynel
Largest movements
- Receivables within one year +€38,115
up €38,115 (+9696.0%), from €393 to €38,508
of which Trade receivables: +€38,508
- Cash -€13,061
down €13,061 (-18.5%), from €70,664 to €57,603
mainly Debts after one year (-€217,000) and Short-term financial debts (-€96,662)
- Other debts +€222,000
up €222,000, from €0 to €222,000
- Debts after one year -€217,000
down €217,000 (-13.8%), from €1.6m to €1.3m
of which Other amounts payable: -€217,000
- Profit (loss) carried forward +€103,800
up €103,800 (+8.9%), from -€1.2m to -€1.1m
- Short-term financial debts -€96,662
down €96,662 (-70.7%), from €136,668 to €40,006
- Gross operating margin +€121,866
up €121,866, from -€11,013 to €110,854
- Depreciation -€8,684
down €8,684 (-100.0%), from €8,684 to €0
- Financial charges -€4,651
down €4,651 (-48.3%), from €9,633 to €4,982
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.
Cash bridge derived
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 | €1,062,105 | €1,076,111 | +€14,006 | +1.3% |
| Fixed assets | 21/28 | €990,611 | €980,000 | -€10,611 | -1.1% |
| Tangible fixed assets | 22/27 | €10,611 | €0 | -€10,611 | -100.0% |
| Furniture and vehicles | 24 | €10,611 | €0 | -€10,611 | -100.0% |
| Financial fixed assets | 28 | €980,000 | €980,000 | = | 0.0% |
| Current assets | 29/58 | €71,493 | €96,111 | +€24,618 | +34.4% |
| Amounts receivable within one year | 40/41 | €393 | €38,508 | +€38,115 | +9696.0% |
| Trade receivables | 40 | €0 | €38,508 | +€38,508 | |
| Other amounts receivable | 41 | €393 | €0 | -€393 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,664 | €57,603 | -€13,061 | -18.5% |
| Deferred charges and accrued income | 490/1 | €436 | €0 | -€436 | -100.0% |
| Total equity and liabilities | 10/49 | €1,062,105 | €1,076,111 | +€14,006 | +1.3% |
| Equity | 10/15 | -€649,363 | -€545,563 | +€103,800 | +16.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €504,502 | €504,502 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €502,643 | €502,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,172,457 | -€1,068,657 | +€103,800 | +8.9% |
| Amounts payable | 17/49 | €1,711,468 | €1,621,675 | -€89,794 | -5.2% |
| Amounts payable after more than one year | 17 | €1,566,884 | €1,349,884 | -€217,000 | -13.8% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €1,566,884 | €1,349,884 | -€217,000 | -13.8% |
| Amounts payable within one year | 42/48 | €141,984 | €270,038 | +€128,054 | +90.2% |
| Current portion of amounts payable after more than one year | 42 | €2,750 | €0 | -€2,750 | -100.0% |
| Financial debts | 43 | €136,668 | €40,006 | -€96,662 | -70.7% |
| Credit institutions | 430/8 | €136,668 | €40,006 | -€96,662 | -70.7% |
| Trade debts | 44 | €2,374 | €1,072 | -€1,302 | -54.9% |
| Suppliers | 440/4 | €2,374 | €1,072 | -€1,302 | -54.9% |
| Taxes, remuneration and social security | 45 | €192 | €6,960 | +€6,768 | +3527.9% |
| Taxes | 450/3 | €192 | €6,960 | +€6,768 | +3527.9% |
| Other amounts payable | 47/48 | €0 | €222,000 | +€222,000 | |
| Accrued charges and deferred income | 492/3 | €2,601 | €1,753 | -€848 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,684 | €0 | -€8,684 | -100.0% |
| Other operating charges | 640/8 | €2,488 | €2,072 | -€416 | -16.7% |
| Non-recurring operating charges | 66A | €350,000 | €0 | -€350,000 | -100.0% |
| Gross operating margin | 9900 | -€11,013 | €110,854 | +€121,866 | |
| Operating profit (loss) | 9901 | -€372,185 | €108,782 | +€480,967 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,633 | €4,982 | -€4,651 | -48.3% |
| Recurring financial charges | 65 | €9,633 | €4,982 | -€4,651 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | -€381,818 | €103,800 | +€485,618 | |
| Income taxes | 67/77 | €192 | €0 | -€192 | -100.0% |
| Profit (loss) for the period | 9904 | -€382,010 | €103,800 | +€485,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€382,010 | €103,800 | +€485,810 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.