Tom Lintermans: 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.
Tom Lintermans
Largest movements
- Cash -€558,652
down €558,652 (-97.3%), from €573,868 to €15,216
mainly Other debts (-€462,138) and Investment in fixed assets (net) (-€110,210)
- Tangible fixed assets +€94,595
up €94,595 (+63.0%), from €150,217 to €244,812
of which Land and buildings: +€97,450
- Receivables within one year +€76,343
up €76,343 (+86.0%), from €88,801 to €165,144
of which Other amounts receivable: +€60,723
- Other debts -€462,138
down €462,138 (-85.9%), from €538,147 to €76,010
- Debts after one year +€152,505
up €152,505 (+179%), from €85,111 to €237,616
- Reserves -€63,150
down €63,150 (-86.2%), from €73,247 to €10,097
of which Tax-exempt reserves: -€63,150
- Tax, wage and social debts -€31,307
down €31,307 (-78.0%), from €40,123 to €8,816
- Current portion of long-term debt +€9,992
up €9,992 (+103%), from €9,657 to €19,649
- Gross operating margin -€79,659
down €79,659 (-67.1%), from €118,660 to €39,001
- Taxes -€15,787
down €15,787 (-80.8%), from €19,540 to €3,754
- Other operating charges -€5,657
down €5,657 (-77.7%), from €7,280 to €1,623
- Financial charges +€2,639
up €2,639 (+58.6%), from €4,504 to €7,143
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 | €839,554 | €451,608 | -€387,946 | -46.2% |
| Fixed assets | 21/28 | €157,717 | €252,312 | +€94,595 | +60.0% |
| Tangible fixed assets | 22/27 | €150,217 | €244,812 | +€94,595 | +63.0% |
| Land and buildings | 22 | €119,013 | €216,463 | +€97,450 | +81.9% |
| Furniture and vehicles | 24 | €10,062 | €8,834 | -€1,228 | -12.2% |
| Leasing and similar rights | 25 | €21,142 | €19,516 | -€1,626 | -7.7% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €681,838 | €199,296 | -€482,541 | -70.8% |
| Amounts receivable within one year | 40/41 | €88,801 | €165,144 | +€76,343 | +86.0% |
| Trade receivables | 40 | €24,310 | €39,930 | +€15,620 | +64.3% |
| Other amounts receivable | 41 | €64,491 | €125,214 | +€60,723 | +94.2% |
| Cash at bank and in hand | 54/58 | €573,868 | €15,216 | -€558,652 | -97.3% |
| Deferred charges and accrued income | 490/1 | €19,169 | €18,936 | -€233 | -1.2% |
| Total equity and liabilities | 10/49 | €839,554 | €451,608 | -€387,946 | -46.2% |
| Equity | 10/15 | €163,377 | €102,713 | -€60,663 | -37.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,247 | €10,097 | -€63,150 | -86.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,387 | €8,237 | -€63,150 | -88.5% |
| Profit (loss) carried forward | 14 | €71,530 | €74,016 | +€2,487 | +3.5% |
| Amounts payable | 17/49 | €676,177 | €348,895 | -€327,283 | -48.4% |
| Amounts payable after more than one year | 17 | €85,111 | €237,616 | +€152,505 | +179% |
| Financial debts | 170/4 | €85,111 | €237,616 | +€152,505 | +179% |
| Amounts payable within one year | 42/48 | €591,067 | €108,839 | -€482,228 | -81.6% |
| Current portion of amounts payable after more than one year | 42 | €9,657 | €19,649 | +€9,992 | +103% |
| Financial debts | 43 | €524 | €0 | -€524 | -100% |
| Credit institutions | 430/8 | €524 | €0 | -€524 | -100% |
| Trade debts | 44 | €2,615 | €4,364 | +€1,749 | +66.9% |
| Suppliers | 440/4 | €2,615 | €4,364 | +€1,749 | +66.9% |
| Taxes, remuneration and social security | 45 | €40,123 | €8,816 | -€31,307 | -78.0% |
| Taxes | 450/3 | €40,123 | €8,816 | -€31,307 | -78.0% |
| Other amounts payable | 47/48 | €538,147 | €76,010 | -€462,138 | -85.9% |
| Accrued charges and deferred income | 492/3 | - | €2,440 | +€2,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,811 | €15,615 | -€195 | -1.2% |
| Other operating charges | 640/8 | €7,280 | €1,623 | -€5,657 | -77.7% |
| Gross operating margin | 9900 | €118,660 | €39,001 | -€79,659 | -67.1% |
| Operating profit (loss) | 9901 | €95,569 | €21,763 | -€73,806 | -77.2% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €4,504 | €7,143 | +€2,639 | +58.6% |
| Recurring financial charges | 65 | €4,504 | €7,143 | +€2,639 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €91,070 | €14,620 | -€76,450 | -83.9% |
| Income taxes | 67/77 | €19,540 | €3,754 | -€15,787 | -80.8% |
| Profit (loss) for the period | 9904 | €71,530 | €10,866 | -€60,663 | -84.8% |
| Transfer from tax-exempt reserves | 789 | €0 | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,530 | €74,016 | +€2,487 | +3.5% |
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 16 October 2026 via checked.be.