VAN DER LINDEN: 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.
VAN DER LINDEN
Largest movements
- Cash -€4,001
down €4,001 (-27.7%), from €14,459 to €10,458
mainly Net result for the year (-€4,276) and Investment in fixed assets (net) (-€4,181)
- Tangible fixed assets -€3,906
down €3,906 (-11.2%), from €35,025 to €31,120
of which Furniture and vehicles: -€4,250
- Stocks and contracts +€1,600
up €1,600 (+19.9%), from €8,050 to €9,650
- Profit (loss) carried forward -€4,276
down €4,276 (-17.2%), from -€24,832 to -€29,107
- Trade debts -€1,362
down €1,362 (-53.5%), from €2,547 to €1,185
- Depreciation -€6,382
down €6,382 (-44.1%), from €14,468 to €8,087
- Gross operating margin -€5,836
down €5,836 (-33.6%), from €17,349 to €11,513
- Staff costs -€1,084
down €1,084 (-19.7%), from €5,490 to €4,405
- Other operating charges -€441
down €441 (-12.6%), from €3,491 to €3,050
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 | €63,551 | €57,373 | -€6,178 | -9.7% |
| Fixed assets | 21/28 | €35,025 | €31,120 | -€3,906 | -11.2% |
| Tangible fixed assets | 22/27 | €35,025 | €31,120 | -€3,906 | -11.2% |
| Land and buildings | 22 | €28,056 | €29,880 | +€1,823 | +6.5% |
| Plant, machinery and equipment | 23 | €2,719 | €1,240 | -€1,479 | -54.4% |
| Furniture and vehicles | 24 | €4,250 | - | -€4,250 | |
| Current assets | 29/58 | €28,526 | €26,253 | -€2,272 | -8.0% |
| Stocks and contracts in progress | 3 | €8,050 | €9,650 | +€1,600 | +19.9% |
| Stocks | 30/36 | €8,050 | €9,650 | +€1,600 | +19.9% |
| Amounts receivable within one year | 40/41 | €6,017 | €6,145 | +€128 | +2.1% |
| Other amounts receivable | 41 | €6,017 | €6,145 | +€128 | +2.1% |
| Cash at bank and in hand | 54/58 | €14,459 | €10,458 | -€4,001 | -27.7% |
| Total equity and liabilities | 10/49 | €63,551 | €57,373 | -€6,178 | -9.7% |
| Equity | 10/15 | €27,469 | €23,194 | -€4,276 | -15.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €21,314 | €21,314 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,550 | €12,550 | = | 0.0% |
| Distributable reserves | 133 | €8,764 | €8,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,832 | -€29,107 | -€4,276 | -17.2% |
| Amounts payable | 17/49 | €36,082 | €34,179 | -€1,903 | -5.3% |
| Amounts payable within one year | 42/48 | €36,082 | €34,179 | -€1,903 | -5.3% |
| Trade debts | 44 | €2,547 | €1,185 | -€1,362 | -53.5% |
| Suppliers | 440/4 | €2,547 | €1,185 | -€1,362 | -53.5% |
| Taxes, remuneration and social security | 45 | €1,113 | €650 | -€463 | -41.6% |
| Taxes | 450/3 | €827 | €215 | -€612 | -74.0% |
| Remuneration and social security | 454/9 | €286 | €435 | +€149 | +52.0% |
| Other amounts payable | 47/48 | €32,421 | €32,344 | -€77 | -0.2% |
| Remuneration, social security and pensions | 62 | €5,490 | €4,405 | -€1,084 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,468 | €8,087 | -€6,382 | -44.1% |
| Other operating charges | 640/8 | €3,491 | €3,050 | -€441 | -12.6% |
| Gross operating margin | 9900 | €17,349 | €11,513 | -€5,836 | -33.6% |
| Operating profit (loss) | 9901 | -€6,100 | -€4,030 | +€2,071 | +33.9% |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €155 | €246 | +€91 | +58.8% |
| Recurring financial charges | 65 | €155 | €246 | +€91 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,227 | -€4,276 | +€1,951 | +31.3% |
| Profit (loss) for the period | 9904 | -€6,227 | -€4,276 | +€1,951 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,227 | -€4,276 | +€1,951 | +31.3% |
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.