'T LINDEKE: 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.
'T LINDEKE
Largest movements
- Cash -€37,179
down €37,179 (-32.8%), from €113,488 to €76,309
mainly Contributions, distributions and other (-€29,729) and Net result for the year (-€18,076)
- Receivables within one year -€9,237
down €9,237 (-75.7%), from €12,207 to €2,970
of which Trade receivables: -€7,617
- Stocks and contracts -€2,395
down €2,395 (-25.1%), from €9,551 to €7,156
- Reserves -€46,521
down €46,521 (-42.8%), from €108,727 to €62,206
of which Distributable reserves: -€46,521
- Gross operating margin -€55,378
down €55,378, from €36,795 to -€18,582
- Taxes -€5,390
down €5,390, from €4,867 to -€523
- Staff costs -€2,914
down €2,914 (-93.1%), from €3,130 to €216
- Other operating charges -€1,894
down €1,894 (-87.2%), from €2,172 to €278
- Financial charges -€1,724
down €1,724 (-91.6%), from €1,881 to €157
of which Financial charges: -€946
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 | €140,293 | €90,818 | -€49,475 | -35.3% |
| Fixed assets | 21/28 | €5,047 | €4,383 | -€664 | -13.2% |
| Tangible fixed assets | 22/27 | €5,047 | €4,383 | -€664 | -13.2% |
| Plant, machinery and equipment | 23 | €5,047 | €4,383 | -€664 | -13.2% |
| Current assets | 29/58 | €135,246 | €86,435 | -€48,811 | -36.1% |
| Stocks and contracts in progress | 3 | €9,551 | €7,156 | -€2,395 | -25.1% |
| Stocks | 30/36 | €9,551 | €7,156 | -€2,395 | -25.1% |
| Amounts receivable within one year | 40/41 | €12,207 | €2,970 | -€9,237 | -75.7% |
| Trade receivables | 40 | €7,617 | - | -€7,617 | |
| Other amounts receivable | 41 | €4,590 | €2,970 | -€1,620 | -35.3% |
| Cash at bank and in hand | 54/58 | €113,488 | €76,309 | -€37,179 | -32.8% |
| Total equity and liabilities | 10/49 | €140,293 | €90,818 | -€49,475 | -35.3% |
| Equity | 10/15 | €127,327 | €79,521 | -€47,806 | -37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,727 | €62,206 | -€46,521 | -42.8% |
| Tax-exempt reserves | 132 | €528 | €528 | = | 0.0% |
| Distributable reserves | 133 | €108,199 | €61,678 | -€46,521 | -43.0% |
| Profit (loss) carried forward | 14 | - | -€1,285 | -€1,285 | |
| Amounts payable | 17/49 | €12,966 | €11,297 | -€1,670 | -12.9% |
| Amounts payable within one year | 42/48 | €12,966 | €11,297 | -€1,670 | -12.9% |
| Trade debts | 44 | €842 | €1,363 | +€521 | +61.9% |
| Suppliers | 440/4 | €842 | €1,363 | +€521 | +61.9% |
| Taxes, remuneration and social security | 45 | €1,195 | - | -€1,195 | |
| Taxes | 450/3 | €1,195 | - | -€1,195 | |
| Other amounts payable | 47/48 | €10,930 | €9,934 | -€996 | -9.1% |
| Remuneration, social security and pensions | 62 | €3,130 | €216 | -€2,914 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,824 | €664 | -€1,160 | -63.6% |
| Other operating charges | 640/8 | €2,172 | €278 | -€1,894 | -87.2% |
| Gross operating margin | 9900 | €36,795 | -€18,582 | -€55,378 | |
| Operating profit (loss) | 9901 | €29,670 | -€19,740 | -€49,410 | |
| Financial income | 75/76B | €649 | €1,298 | +€650 | +100% |
| Recurring financial income | 75 | €649 | €1,298 | +€650 | +100% |
| Financial charges | 65/66B | €1,881 | €157 | -€1,724 | -91.6% |
| Recurring financial charges | 65 | €1,103 | €157 | -€946 | -85.7% |
| Non-recurring financial charges | 66B | €778 | - | -€778 | |
| Profit (loss) for the period before taxes | 9903 | €28,437 | -€18,599 | -€47,036 | |
| Income taxes | 67/77 | €4,867 | -€523 | -€5,390 | |
| Profit (loss) for the period | 9904 | €23,570 | -€18,076 | -€41,646 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,570 | -€18,076 | -€41,646 |
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 25 October 2026 via checked.be.