VAN LINDEN: what changed
Two fiscal 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 LINDEN
Largest movements
- Cash +€66,735
up €66,735 (+42.9%), from €155,509 to €222,244
mainly Net result for the year (+€49,235) and Investment in fixed assets (net) (+€9,656)
- Tangible fixed assets -€10,585
down €10,585 (-84.8%), from €12,479 to €1,894
of which Furniture and vehicles: -€9,656
- Receivables within one year -€5,193
down €5,193 (-92.9%), from €5,593 to €400
of which Other amounts receivable: -€5,443
- Reserves +€28,216
up €28,216 (+11.7%), from €240,934 to €269,149
- Profit (loss) carried forward +€21,019
no longer reported in 2025 (was -€21,019)
- Trade debts -€8,339
down €8,339 (-19.4%), from €42,945 to €34,606
- Tax, wage and social debts +€4,894
up €4,894 (+463.7%), from €1,055 to €5,950
- Short-term financial debts +€4,145
up €4,145 (+85.6%), from €4,841 to €8,986
- Gross operating margin +€47,676
up €47,676 (+294.8%), from €16,174 to €63,849
- Taxes +€10,913
up €10,913, from -€81 to €10,832
- Depreciation -€6,816
down €6,816 (-88.0%), from €7,745 to €929
- Other operating charges -€864
down €864 (-32.4%), from €2,669 to €1,805
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.
Cash bridge derived
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 | €289,815 | €339,741 | +€49,926 | +17.2% |
| Fixed assets | 21/28 | €17,797 | €7,212 | -€10,585 | -59.5% |
| Tangible fixed assets | 22/27 | €12,479 | €1,894 | -€10,585 | -84.8% |
| Land and buildings | 22 | €2,318 | €1,793 | -€525 | -22.6% |
| Plant, machinery and equipment | 23 | €505 | €101 | -€404 | -80.0% |
| Furniture and vehicles | 24 | €9,656 | - | -€9,656 | |
| Financial fixed assets | 28 | €5,318 | €5,318 | = | 0.0% |
| Current assets | 29/58 | €272,019 | €332,529 | +€60,511 | +22.2% |
| Stocks and contracts in progress | 3 | €108,442 | €107,660 | -€783 | -0.7% |
| Stocks | 30/36 | €108,442 | €107,660 | -€783 | -0.7% |
| Amounts receivable within one year | 40/41 | €5,593 | €400 | -€5,193 | -92.9% |
| Trade receivables | 40 | - | €250 | +€250 | |
| Other amounts receivable | 41 | €5,593 | €150 | -€5,443 | -97.3% |
| Cash at bank and in hand | 54/58 | €155,509 | €222,244 | +€66,735 | +42.9% |
| Deferred charges and accrued income | 490/1 | €2,475 | €2,226 | -€249 | -10.1% |
| Total equity and liabilities | 10/49 | €289,815 | €339,741 | +€49,926 | +17.2% |
| Equity | 10/15 | €239,696 | €288,931 | +€49,235 | +20.5% |
| Contributions | 10/11 | €19,782 | €19,782 | = | 0.0% |
| Reserves | 13 | €240,934 | €269,149 | +€28,216 | +11.7% |
| Distributable reserves | 133 | €240,934 | €269,149 | +€28,216 | +11.7% |
| Profit (loss) carried forward | 14 | -€21,019 | - | +€21,019 | |
| Amounts payable | 17/49 | €50,119 | €50,810 | +€691 | +1.4% |
| Amounts payable within one year | 42/48 | €50,119 | €50,810 | +€691 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €1,277 | €1,268 | -€9 | -0.7% |
| Financial debts | 43 | €4,841 | €8,986 | +€4,145 | +85.6% |
| Other loans | 439 | €4,841 | €8,986 | +€4,145 | +85.6% |
| Trade debts | 44 | €42,945 | €34,606 | -€8,339 | -19.4% |
| Suppliers | 440/4 | €42,945 | €34,606 | -€8,339 | -19.4% |
| Taxes, remuneration and social security | 45 | €1,055 | €5,950 | +€4,894 | +463.7% |
| Taxes | 450/3 | €1,055 | €5,950 | +€4,894 | +463.7% |
| Non-recurring operating income | 76A | - | €4,553 | +€4,553 | |
| Remuneration, social security and pensions | 62 | €1,148 | €1,303 | +€155 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,745 | €929 | -€6,816 | -88.0% |
| Other operating charges | 640/8 | €2,669 | €1,805 | -€864 | -32.4% |
| Gross operating margin | 9900 | €16,174 | €63,849 | +€47,676 | +294.8% |
| Operating profit (loss) | 9901 | €4,611 | €59,813 | +€55,201 | +1197.0% |
| Financial income | 75/76B | €1,252 | €1,173 | -€79 | -6.3% |
| Recurring financial income | 75 | €270 | €781 | +€511 | +189.2% |
| Non-recurring financial income | 76B | €982 | €391 | -€591 | -60.2% |
| Financial charges | 65/66B | €532 | €918 | +€386 | +72.5% |
| Recurring financial charges | 65 | €532 | €918 | +€386 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | €5,331 | €60,067 | +€54,736 | +1026.7% |
| Income taxes | 67/77 | -€81 | €10,832 | +€10,913 | |
| Profit (loss) for the period | 9904 | €5,412 | €49,235 | +€43,823 | +809.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,412 | €49,235 | +€43,823 | +809.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.