Lynx Projects: 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.
Lynx Projects
Largest movements
- Cash +€108,513
up €108,513 (+616.4%), from €17,604 to €126,117
mainly Provisions (+€138,644) and Net result for the year (+€92,610)
- Receivables within one year -€22,140
down €22,140 (-13.6%), from €162,292 to €140,152
of which Trade receivables: -€36,106
- Stocks and contracts +€9,350
up €9,350 (+89.9%), from €10,400 to €19,750
- Debts after one year -€157,698
down €157,698 (-89.6%), from €176,061 to €18,363
- Provisions +€138,644
new in 2025: €138,644
- Profit (loss) carried forward +€63,512
no longer reported in 2025 (was -€63,512)
- Reserves +€28,098
up €28,098 (+1510.6%), from €1,860 to €29,958
- Trade debts +€21,032
up €21,032 (+34.0%), from €61,854 to €82,886
- Gross operating margin +€319,513
up €319,513, from -€64,368 to €255,144
- Provisions +€138,644
new in 2025: €138,644
- Taxes +€11,685
up €11,685 (+1377.6%), from €848 to €12,534
- Other operating charges -€3,180
down €3,180 (-42.3%), from €7,513 to €4,333
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 | €204,220 | €297,677 | +€93,457 | +45.8% |
| Fixed assets | 21/28 | €12,655 | €10,302 | -€2,352 | -18.6% |
| Tangible fixed assets | 22/27 | €12,110 | €10,302 | -€1,807 | -14.9% |
| Plant, machinery and equipment | 23 | €6,553 | €8,846 | +€2,293 | +35.0% |
| Furniture and vehicles | 24 | €5,557 | €1,457 | -€4,101 | -73.8% |
| Financial fixed assets | 28 | €545 | - | -€545 | |
| Current assets | 29/58 | €191,565 | €287,374 | +€95,809 | +50.0% |
| Amounts receivable after more than one year | 29 | €99 | €103 | +€4 | +4.0% |
| Other amounts receivable | 291 | €99 | €103 | +€4 | +4.0% |
| Stocks and contracts in progress | 3 | €10,400 | €19,750 | +€9,350 | +89.9% |
| Stocks | 30/36 | €10,400 | €19,750 | +€9,350 | +89.9% |
| Amounts receivable within one year | 40/41 | €162,292 | €140,152 | -€22,140 | -13.6% |
| Trade receivables | 40 | €162,292 | €126,186 | -€36,106 | -22.2% |
| Other amounts receivable | 41 | - | €13,967 | +€13,967 | |
| Cash at bank and in hand | 54/58 | €17,604 | €126,117 | +€108,513 | +616.4% |
| Deferred charges and accrued income | 490/1 | €1,170 | €1,252 | +€82 | +7.0% |
| Total equity and liabilities | 10/49 | €204,220 | €297,677 | +€93,457 | +45.8% |
| Equity | 10/15 | -€43,052 | €48,558 | +€91,610 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €29,958 | +€28,098 | +1510.6% |
| Distributable reserves | 133 | €1,860 | €29,958 | +€28,098 | +1510.6% |
| Profit (loss) carried forward | 14 | -€63,512 | - | +€63,512 | |
| Provisions and deferred taxes | 16 | - | €138,644 | +€138,644 | |
| Deferred taxes | 168 | - | €138,644 | +€138,644 | |
| Amounts payable | 17/49 | €247,272 | €110,475 | -€136,797 | -55.3% |
| Amounts payable after more than one year | 17 | €176,061 | €18,363 | -€157,698 | -89.6% |
| Other amounts payable | 178/9 | €176,061 | €18,363 | -€157,698 | -89.6% |
| Amounts payable within one year | 42/48 | €71,211 | €92,112 | +€20,901 | +29.4% |
| Trade debts | 44 | €61,854 | €82,886 | +€21,032 | +34.0% |
| Suppliers | 440/4 | €61,854 | €82,886 | +€21,032 | +34.0% |
| Taxes, remuneration and social security | 45 | €9,357 | €8,226 | -€1,131 | -12.1% |
| Taxes | 450/3 | €9,357 | €8,226 | -€1,131 | -12.1% |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,224 | €7,053 | +€830 | +13.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €138,644 | +€138,644 | |
| Other operating charges | 640/8 | €7,513 | €4,333 | -€3,180 | -42.3% |
| Gross operating margin | 9900 | -€64,368 | €255,144 | +€319,513 | |
| Operating profit (loss) | 9901 | -€78,106 | €105,113 | +€183,219 | |
| Financial income | 75/76B | €158 | €209 | +€51 | +32.0% |
| Recurring financial income | 75 | €158 | €209 | +€51 | +32.0% |
| Financial charges | 65/66B | €217 | €178 | -€39 | -17.9% |
| Recurring financial charges | 65 | €217 | €178 | -€39 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€78,165 | €105,144 | +€183,309 | |
| Income taxes | 67/77 | €848 | €12,534 | +€11,685 | +1377.6% |
| Profit (loss) for the period | 9904 | -€79,013 | €92,610 | +€171,623 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,013 | €92,610 | +€171,623 |
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.