LYNEN: 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.
LYNEN
Largest movements
- Tangible fixed assets -€63,345
down €63,345 (-9.1%), from €694,858 to €631,513
of which Land and buildings: -€41,992
- Cash -€11,754
down €11,754 (-27.1%), from €43,353 to €31,599
mainly Debts after one year (-€71,945) and Investment in fixed assets (net) (-€40,263)
- Debts after one year -€71,945
down €71,945 (-16.2%), from €443,090 to €371,144
- Reserves +€43,583
up €43,583 (+25.1%), from €173,710 to €217,294
- Tax, wage and social debts -€34,883
down €34,883 (-79.4%), from €43,916 to €9,033
- Current portion of long-term debt -€12,881
down €12,881 (-18.8%), from €68,692 to €55,811
- Gross operating margin -€13,665
down €13,665 (-6.8%), from €199,583 to €185,918
- Taxes -€5,730
down €5,730 (-21.6%), from €26,528 to €20,797
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 | €750,468 | €671,242 | -€79,226 | -10.6% |
| Fixed assets | 21/28 | €694,858 | €631,513 | -€63,345 | -9.1% |
| Tangible fixed assets | 22/27 | €694,858 | €631,513 | -€63,345 | -9.1% |
| Land and buildings | 22 | €531,205 | €489,213 | -€41,992 | -7.9% |
| Plant, machinery and equipment | 23 | €123,291 | €88,135 | -€35,156 | -28.5% |
| Furniture and vehicles | 24 | €40,362 | €54,165 | +€13,803 | +34.2% |
| Current assets | 29/58 | €55,609 | €39,729 | -€15,880 | -28.6% |
| Stocks and contracts in progress | 3 | €6,211 | €5,320 | -€891 | -14.3% |
| Stocks | 30/36 | €6,211 | €5,320 | -€891 | -14.3% |
| Amounts receivable within one year | 40/41 | €1,023 | €1,451 | +€428 | +41.8% |
| Other amounts receivable | 41 | €1,023 | €1,451 | +€428 | +41.8% |
| Cash at bank and in hand | 54/58 | €43,353 | €31,599 | -€11,754 | -27.1% |
| Deferred charges and accrued income | 490/1 | €5,022 | €1,359 | -€3,663 | -72.9% |
| Total equity and liabilities | 10/49 | €750,468 | €671,242 | -€79,226 | -10.6% |
| Equity | 10/15 | €187,810 | €231,394 | +€43,583 | +23.2% |
| Contributions | 10/11 | €14,100 | €14,100 | = | 0.0% |
| Contributions outside capital | 11 | €14,100 | - | -€14,100 | |
| Other | 1109/19 | €14,100 | - | -€14,100 | |
| Reserves | 13 | €173,710 | €217,294 | +€43,583 | +25.1% |
| Distributable reserves | 133 | €173,710 | €217,294 | +€43,583 | +25.1% |
| Amounts payable | 17/49 | €562,657 | €439,848 | -€122,809 | -21.8% |
| Amounts payable after more than one year | 17 | €443,090 | €371,144 | -€71,945 | -16.2% |
| Financial debts | 170/4 | €443,090 | €371,144 | -€71,945 | -16.2% |
| Amounts payable within one year | 42/48 | €117,452 | €68,634 | -€48,819 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €68,692 | €55,811 | -€12,881 | -18.8% |
| Trade debts | 44 | €4,845 | €3,791 | -€1,054 | -21.8% |
| Suppliers | 440/4 | €4,845 | €3,791 | -€1,054 | -21.8% |
| Taxes, remuneration and social security | 45 | €43,916 | €9,033 | -€34,883 | -79.4% |
| Taxes | 450/3 | €43,916 | €9,033 | -€34,883 | -79.4% |
| Accrued charges and deferred income | 492/3 | €2,115 | €70 | -€2,045 | -96.7% |
| Non-recurring operating income | 76A | - | €5,420 | +€5,420 | |
| Remuneration, social security and pensions | 62 | -€241 | €0 | +€241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,589 | €103,608 | +€1,019 | +1.0% |
| Other operating charges | 640/8 | €4,080 | €4,647 | +€567 | +13.9% |
| Non-recurring operating charges | 66A | - | €641 | +€641 | |
| Gross operating margin | 9900 | €199,583 | €185,918 | -€13,665 | -6.8% |
| Operating profit (loss) | 9901 | €93,155 | €77,023 | -€16,132 | -17.3% |
| Financial income | 75/76B | €2,007 | €908 | -€1,099 | -54.8% |
| Recurring financial income | 75 | €2,007 | €908 | -€1,099 | -54.8% |
| Financial charges | 65/66B | €12,350 | €13,550 | +€1,200 | +9.7% |
| Recurring financial charges | 65 | €12,350 | €13,550 | +€1,200 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €82,812 | €64,381 | -€18,431 | -22.3% |
| Income taxes | 67/77 | €26,528 | €20,797 | -€5,730 | -21.6% |
| Profit (loss) for the period | 9904 | €56,284 | €43,583 | -€12,701 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,284 | €43,583 | -€12,701 | -22.6% |
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 11 October 2026 via checked.be.