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
- Receivables within one year -€622,989
down €622,989 (-92.0%), from €677,442 to €54,453
of which Other amounts receivable: -€606,686
- Cash -€81,541
down €81,541 (-27.8%), from €293,802 to €212,262
mainly Other debts (-€694,641) and Contributions, distributions and other (-€280,000)
- Tangible fixed assets -€24,018
down €24,018 (-24.4%), from €98,389 to €74,372
of which Plant, machinery and equipment: -€12,875
- Other debts -€694,641
down €694,641 (-71.3%), from €974,641 to €280,000
- Reserves +€25,913
up €25,913 (+59.6%), from €43,507 to €69,419
- Trade debts -€24,830
down €24,830 (-33.7%), from €73,671 to €48,841
- Advances received -€20,622
down €20,622 (-100%), from €20,622 to €0
- Tax, wage and social debts +€16,580
up €16,580 (+54.7%), from €30,301 to €46,881
of which Taxes: +€16,758
- Gross operating margin +€137,001
up €137,001 (+33.3%), from €411,075 to €548,076
- Staff costs +€16,773
up €16,773 (+8.8%), from €190,294 to €207,067
- Write-downs +€16,343
up €16,343, from -€16,343 to €0
- Taxes -€5,764
down €5,764 (-34.6%), from €16,642 to €10,877
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 | €1,222,816 | €504,391 | -€718,426 | -58.8% |
| Fixed assets | 21/28 | €98,389 | €74,372 | -€24,018 | -24.4% |
| Tangible fixed assets | 22/27 | €98,389 | €74,372 | -€24,018 | -24.4% |
| Plant, machinery and equipment | 23 | €53,735 | €40,860 | -€12,875 | -24.0% |
| Furniture and vehicles | 24 | €15,675 | €9,849 | -€5,825 | -37.2% |
| Other tangible fixed assets | 26 | €28,979 | €23,662 | -€5,317 | -18.3% |
| Current assets | 29/58 | €1,124,427 | €430,019 | -€694,408 | -61.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €150,040 | €160,337 | +€10,296 | +6.9% |
| Stocks | 30/36 | €150,040 | €160,337 | +€10,296 | +6.9% |
| Amounts receivable within one year | 40/41 | €677,442 | €54,453 | -€622,989 | -92.0% |
| Trade receivables | 40 | €28,446 | €12,144 | -€16,302 | -57.3% |
| Other amounts receivable | 41 | €648,996 | €42,309 | -€606,686 | -93.5% |
| Cash at bank and in hand | 54/58 | €293,802 | €212,262 | -€81,541 | -27.8% |
| Deferred charges and accrued income | 490/1 | €3,142 | €2,968 | -€175 | -5.6% |
| Total equity and liabilities | 10/49 | €1,222,816 | €504,391 | -€718,426 | -58.8% |
| Equity | 10/15 | €63,507 | €89,419 | +€25,913 | +40.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €43,507 | €69,419 | +€25,913 | +59.6% |
| Distributable reserves | 133 | €43,507 | €69,419 | +€25,913 | +59.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,159,310 | €414,971 | -€744,338 | -64.2% |
| Amounts payable after more than one year | 17 | €11,446 | €686 | -€10,760 | -94.0% |
| Financial debts | 170/4 | €11,446 | €686 | -€10,760 | -94.0% |
| Amounts payable within one year | 42/48 | €1,142,567 | €414,027 | -€728,540 | -63.8% |
| Current portion of amounts payable after more than one year | 42 | €15,775 | €10,760 | -€5,014 | -31.8% |
| Financial debts | 43 | €27,556 | €27,544 | -€12 | 0.0% |
| Credit institutions | 430/8 | €27,556 | €27,544 | -€12 | 0.0% |
| Trade debts | 44 | €73,671 | €48,841 | -€24,830 | -33.7% |
| Suppliers | 440/4 | €73,671 | €48,841 | -€24,830 | -33.7% |
| Advances received on contracts in progress | 46 | €20,622 | €0 | -€20,622 | -100% |
| Taxes, remuneration and social security | 45 | €30,301 | €46,881 | +€16,580 | +54.7% |
| Taxes | 450/3 | €16,435 | €33,193 | +€16,758 | +102% |
| Remuneration and social security | 454/9 | €13,866 | €13,688 | -€178 | -1.3% |
| Other amounts payable | 47/48 | €974,641 | €280,000 | -€694,641 | -71.3% |
| Accrued charges and deferred income | 492/3 | €5,297 | €258 | -€5,039 | -95.1% |
| Remuneration, social security and pensions | 62 | €190,294 | €207,067 | +€16,773 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,094 | €24,018 | +€1,924 | +8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,343 | €0 | +€16,343 | |
| Other operating charges | 640/8 | €1,590 | €2,953 | +€1,362 | +85.7% |
| Gross operating margin | 9900 | €411,075 | €548,076 | +€137,001 | +33.3% |
| Operating profit (loss) | 9901 | €213,441 | €314,039 | +€100,598 | +47.1% |
| Financial income | 75/76B | €3,162 | €4,709 | +€1,547 | +48.9% |
| Recurring financial income | 75 | €3,162 | €4,709 | +€1,547 | +48.9% |
| Financial charges | 65/66B | €6,455 | €1,958 | -€4,497 | -69.7% |
| Recurring financial charges | 65 | €6,455 | €1,958 | -€4,497 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €210,149 | €316,790 | +€106,642 | +50.7% |
| Income taxes | 67/77 | €16,642 | €10,877 | -€5,764 | -34.6% |
| Profit (loss) for the period | 9904 | €193,507 | €305,913 | +€112,406 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €193,507 | €305,913 | +€112,406 | +58.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.