S. Van der Linden: what changed
What changed
S. Van der Linden
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€937
2024 · -€5,556+€6,492
Equity
€20,016
2024 · €19,079+€937
Cash
€3,983
2024 · €2,536+€1,448
Balance sheet total
€263,677
2024 · €302,033-€38,356
Largest movements
Assets
- Tangible fixed assets -€31,333
down €31,333 (-12.4%), from €253,231 to €221,898
of which Other tangible fixed assets: -€18,933
- Receivables within one year -€8,959
down €8,959 (-19.8%), from €45,254 to €36,295
of which Other amounts receivable: -€7,657
Equity and liabilities
- Debts after one year -€34,051
down €34,051 (-16.8%), from €202,141 to €168,090
- Other debts -€8,683
down €8,683 (-35.8%), from €24,279 to €15,597
- Trade debts +€3,107
up €3,107 (+13.8%), from €22,591 to €25,699
Income statement
- Gross operating margin +€7,265
up €7,265 (+18.5%), from €39,216 to €46,481
- Financial charges -€923
down €923 (-15.8%), from €5,840 to €4,917
- Depreciation +€875
up €875 (+2.3%), from €37,682 to €38,558
- Other operating charges +€840
up €840 (+67.3%), from €1,249 to €2,090
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
-€5,556
Gross operating margin
+€7,265
Depreciation
-€875
Other operating charges
-€840
Financial income
+€21
Financial charges
+€923
Result 2025
€937
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
+€41,809
Investment
-€7,225
Financing
-€33,137
Cash 2024
€2,536
From operations (derived)
+€41,809
Net result for the year
+€937
Depreciation
+€38,558
Stocks and contracts
-€1,500
Receivables within one year
+€8,959
Deferred charges and accrued income
+€1,012
Trade debts
+€3,107
Tax, wage and social debts
-€580
Other debts
-€8,683
Investment (derived)
-€7,225
Investment in fixed assets (net)
-€7,225
Financing
-€33,137
Debts after one year
-€34,051
Current portion of long-term debt
+€914
Cash 2025
€3,983
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,033 | €263,677 | -€38,356 | -12.7% |
| Fixed assets | 21/28 | €253,231 | €221,898 | -€31,333 | -12.4% |
| Tangible fixed assets | 22/27 | €253,231 | €221,898 | -€31,333 | -12.4% |
| Plant, machinery and equipment | 23 | €45,958 | €30,971 | -€14,986 | -32.6% |
| Furniture and vehicles | 24 | - | €2,586 | +€2,586 | |
| Other tangible fixed assets | 26 | €207,273 | €188,341 | -€18,933 | -9.1% |
| Current assets | 29/58 | €48,802 | €41,779 | -€7,023 | -14.4% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €45,254 | €36,295 | -€8,959 | -19.8% |
| Trade receivables | 40 | €37,597 | €36,295 | -€1,302 | -3.5% |
| Other amounts receivable | 41 | €7,657 | €0 | -€7,657 | -100% |
| Cash at bank and in hand | 54/58 | €2,536 | €3,983 | +€1,448 | +57.1% |
| Deferred charges and accrued income | 490/1 | €1,012 | €0 | -€1,012 | -100% |
| Total equity and liabilities | 10/49 | €302,033 | €263,677 | -€38,356 | -12.7% |
| Equity | 10/15 | €19,079 | €20,016 | +€937 | +4.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €13,079 | €14,016 | +€937 | +7.2% |
| Distributable reserves | 133 | €13,079 | €14,016 | +€937 | +7.2% |
| Amounts payable | 17/49 | €282,953 | €243,660 | -€39,293 | -13.9% |
| Amounts payable after more than one year | 17 | €202,141 | €168,090 | -€34,051 | -16.8% |
| Financial debts | 170/4 | €202,141 | €168,090 | -€34,051 | -16.8% |
| Amounts payable within one year | 42/48 | €80,813 | €75,571 | -€5,242 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €33,137 | €34,051 | +€914 | +2.8% |
| Trade debts | 44 | €22,591 | €25,699 | +€3,107 | +13.8% |
| Suppliers | 440/4 | €22,591 | €25,699 | +€3,107 | +13.8% |
| Taxes, remuneration and social security | 45 | €805 | €224 | -€580 | -72.1% |
| Taxes | 450/3 | €0 | €224 | +€224 | |
| Remuneration and social security | 454/9 | €805 | €0 | -€805 | -100% |
| Other amounts payable | 47/48 | €24,279 | €15,597 | -€8,683 | -35.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,682 | €38,558 | +€875 | +2.3% |
| Other operating charges | 640/8 | €1,249 | €2,090 | +€840 | +67.3% |
| Gross operating margin | 9900 | €39,216 | €46,481 | +€7,265 | +18.5% |
| Operating profit (loss) | 9901 | €284 | €5,833 | +€5,549 | +1,954% |
| Financial income | 75/76B | €0 | €21 | +€21 | |
| Recurring financial income | 75 | €0 | €21 | +€21 | |
| Financial charges | 65/66B | €5,840 | €4,917 | -€923 | -15.8% |
| Recurring financial charges | 65 | €5,840 | €4,917 | -€923 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,556 | €937 | +€6,492 | |
| Profit (loss) for the period | 9904 | -€5,556 | €937 | +€6,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,556 | €937 | +€6,492 |
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 5 November 2026 via checked.be.