VAN 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 LINDEN
Largest movements
- Cash +€1.8m
up €1.8m (+432%), from €415,883 to €2.2m
mainly Other debts (+€948,680) and Stocks and contracts (+€781,714)
- Stocks and contracts -€781,714
down €781,714 (-41.2%), from €1.9m to €1.1m
of which Stocks: -€784,690
- Receivables within one year -€554,339
down €554,339 (-19.8%), from €2.8m to €2.2m
of which Other amounts receivable: -€314,957
- Tangible fixed assets +€433,171
up €433,171 (+17.2%), from €2.5m to €3.0m
of which Land and buildings: +€355,902
- Other debts +€948,680
up €948,680 (+140%), from €675,263 to €1.6m
- Accrued charges and deferred income -€495,489
down €495,489 (-87.6%), from €565,614 to €70,125
- Trade debts +€352,966
up €352,966 (+41.2%), from €856,768 to €1.2m
- Reserves +€262,215
up €262,215 (+5.1%), from €5.1m to €5.4m
of which Distributable reserves: +€262,215
- Provisions -€187,142
down €187,142 (-49.4%), from €379,195 to €192,053
- Gross operating margin -€710,102
down €710,102 (-63.6%), from €1.1m to €406,411
- Provisions -€277,586
down €277,586, from €90,444 to -€187,142
- Depreciation -€110,699
down €110,699 (-35.4%), from €313,041 to €202,342
- Write-downs -€88,602
down €88,602, from €61,498 to -€27,104
- Financial income +€68,802
up €68,802 (+335%), from €20,562 to €89,365
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 | €7,675,940 | €8,568,362 | +€892,422 | +11.6% |
| Fixed assets | 21/28 | €2,518,071 | €2,951,242 | +€433,171 | +17.2% |
| Tangible fixed assets | 22/27 | €2,518,071 | €2,951,242 | +€433,171 | +17.2% |
| Land and buildings | 22 | €2,212,086 | €2,567,988 | +€355,902 | +16.1% |
| Plant, machinery and equipment | 23 | €265,168 | €303,435 | +€38,267 | +14.4% |
| Furniture and vehicles | 24 | €40,817 | €79,819 | +€39,002 | +95.6% |
| Current assets | 29/58 | €5,157,869 | €5,617,121 | +€459,252 | +8.9% |
| Amounts receivable after more than one year | 29 | €24,500 | €23,000 | -€1,500 | -6.1% |
| Other amounts receivable | 291 | €24,500 | €23,000 | -€1,500 | -6.1% |
| Stocks and contracts in progress | 3 | €1,896,744 | €1,115,031 | -€781,714 | -41.2% |
| Stocks | 30/36 | €1,792,135 | €1,007,444 | -€784,690 | -43.8% |
| Contracts in progress | 37 | €104,609 | €107,586 | +€2,977 | +2.8% |
| Amounts receivable within one year | 40/41 | €2,797,627 | €2,243,288 | -€554,339 | -19.8% |
| Trade receivables | 40 | €686,201 | €446,819 | -€239,383 | -34.9% |
| Other amounts receivable | 41 | €2,111,426 | €1,796,469 | -€314,957 | -14.9% |
| Cash at bank and in hand | 54/58 | €415,883 | €2,213,697 | +€1.8m | +432% |
| Deferred charges and accrued income | 490/1 | €23,115 | €22,105 | -€1,010 | -4.4% |
| Total equity and liabilities | 10/49 | €7,675,940 | €8,568,362 | +€892,422 | +11.6% |
| Equity | 10/15 | €5,196,112 | €5,458,327 | +€262,215 | +5.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €5,096,112 | €5,358,327 | +€262,215 | +5.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €5,048,612 | €5,310,827 | +€262,215 | +5.2% |
| Provisions and deferred taxes | 16 | €379,195 | €192,053 | -€187,142 | -49.4% |
| Provisions for liabilities and charges | 160/5 | €379,195 | €192,053 | -€187,142 | -49.4% |
| Major repairs and maintenance | 162 | €379,195 | €192,053 | -€187,142 | -49.4% |
| Amounts payable | 17/49 | €2,100,633 | €2,917,983 | +€817,350 | +38.9% |
| Amounts payable after more than one year | 17 | €2,000 | €5,300 | +€3,300 | +165% |
| Other amounts payable | 178/9 | €2,000 | €5,300 | +€3,300 | +165% |
| Amounts payable within one year | 42/48 | €1,533,020 | €2,842,558 | +€1.3m | +85.4% |
| Trade debts | 44 | €856,768 | €1,209,734 | +€352,966 | +41.2% |
| Suppliers | 440/4 | €856,768 | €1,209,734 | +€352,966 | +41.2% |
| Taxes, remuneration and social security | 45 | €988 | €8,880 | +€7,892 | +799% |
| Taxes | 450/3 | €988 | €8,880 | +€7,892 | +799% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €675,263 | €1,623,944 | +€948,680 | +140% |
| Accrued charges and deferred income | 492/3 | €565,614 | €70,125 | -€495,489 | -87.6% |
| Non-recurring operating income | 76A | €60,165 | €1,538 | -€58,627 | -97.4% |
| Remuneration, social security and pensions | 62 | €22,230 | - | -€22,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313,041 | €202,342 | -€110,699 | -35.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €61,498 | -€27,104 | -€88,602 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €90,444 | -€187,142 | -€277,586 | |
| Other operating charges | 640/8 | €64,078 | €77,287 | +€13,210 | +20.6% |
| Gross operating margin | 9900 | €1,116,512 | €406,411 | -€710,102 | -63.6% |
| Operating profit (loss) | 9901 | €565,220 | €341,027 | -€224,193 | -39.7% |
| Financial income | 75/76B | €20,562 | €89,365 | +€68,802 | +335% |
| Recurring financial income | 75 | €20,562 | €89,365 | +€68,802 | +335% |
| Financial charges | 65/66B | €111,797 | €71,547 | -€40,250 | -36.0% |
| Recurring financial charges | 65 | €111,797 | €71,547 | -€40,250 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €473,986 | €358,845 | -€115,140 | -24.3% |
| Income taxes | 67/77 | €95,488 | €96,631 | +€1,143 | +1.2% |
| Profit (loss) for the period | 9904 | €378,498 | €262,215 | -€116,283 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €378,498 | €262,215 | -€116,283 | -30.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.