LIJN: what changed
LIJN
Largest movements
- Receivables within one year -€101,380
down €101,380 (-88.2%), from €114,997 to €13,617
of which Other amounts receivable: -€101,746
- Tangible fixed assets -€18,645
down €18,645 (-8.4%), from €221,223 to €202,578
- Cash -€14,491
down €14,491 (-7.3%), from €197,524 to €183,033
mainly Contributions, distributions and other (-€160,828) and Tax, wage and social debts (-€13,920)
- Reserves -€125,685
down €125,685 (-25.6%), from €491,412 to €365,727
of which Distributable reserves: -€125,685
- Tax, wage and social debts -€13,920
down €13,920 (-58.5%), from €23,805 to €9,885
- Other debts +€8,177
new in 2025: €8,177
- Gross operating margin +€6,183
up €6,183 (+11.1%), from €55,618 to €61,801
- Financial income -€3,641
down €3,641 (-59.1%), from €6,163 to €2,522
- Other operating charges +€1,616
up €1,616 (+83.2%), from €1,942 to €3,558
- Depreciation -€1,369
down €1,369 (-11.0%), from €12,425 to €11,056
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,865 | €405,214 | -€132,651 | -24.7% |
| Fixed assets | 21/28 | €221,313 | €202,668 | -€18,645 | -8.4% |
| Tangible fixed assets | 22/27 | €221,223 | €202,578 | -€18,645 | -8.4% |
| Land and buildings | 22 | €204,203 | €195,159 | -€9,044 | -4.4% |
| Plant, machinery and equipment | 23 | €510 | €217 | -€293 | -57.5% |
| Furniture and vehicles | 24 | €16,510 | €7,202 | -€9,308 | -56.4% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €316,552 | €202,546 | -€114,006 | -36.0% |
| Stocks and contracts in progress | 3 | €3,834 | €3,834 | = | 0.0% |
| Stocks | 30/36 | €3,834 | €3,834 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,997 | €13,617 | -€101,380 | -88.2% |
| Trade receivables | 40 | €12,079 | €12,445 | +€366 | +3.0% |
| Other amounts receivable | 41 | €102,918 | €1,172 | -€101,746 | -98.9% |
| Cash at bank and in hand | 54/58 | €197,524 | €183,033 | -€14,491 | -7.3% |
| Deferred charges and accrued income | 490/1 | €197 | €2,062 | +€1,865 | +947% |
| Total equity and liabilities | 10/49 | €537,865 | €405,214 | -€132,651 | -24.7% |
| Equity | 10/15 | €510,162 | €384,477 | -€125,685 | -24.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €491,412 | €365,727 | -€125,685 | -25.6% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €489,537 | €363,852 | -€125,685 | -25.7% |
| Amounts payable | 17/49 | €27,703 | €20,737 | -€6,966 | -25.1% |
| Amounts payable within one year | 42/48 | €27,703 | €20,737 | -€6,966 | -25.1% |
| Trade debts | 44 | €3,898 | €2,675 | -€1,223 | -31.4% |
| Suppliers | 440/4 | €3,898 | €2,675 | -€1,223 | -31.4% |
| Taxes, remuneration and social security | 45 | €23,805 | €9,885 | -€13,920 | -58.5% |
| Taxes | 450/3 | €23,805 | €9,885 | -€13,920 | -58.5% |
| Other amounts payable | 47/48 | - | €8,177 | +€8,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,425 | €11,056 | -€1,369 | -11.0% |
| Other operating charges | 640/8 | €1,942 | €3,558 | +€1,616 | +83.2% |
| Gross operating margin | 9900 | €55,618 | €61,801 | +€6,183 | +11.1% |
| Operating profit (loss) | 9901 | €41,251 | €47,187 | +€5,936 | +14.4% |
| Financial income | 75/76B | €6,163 | €2,522 | -€3,641 | -59.1% |
| Recurring financial income | 75 | €6,163 | €2,522 | -€3,641 | -59.1% |
| Financial charges | 65/66B | €105 | €38 | -€67 | -63.8% |
| Recurring financial charges | 65 | €105 | €38 | -€67 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €47,309 | €49,671 | +€2,362 | +5.0% |
| Income taxes | 67/77 | €14,300 | €14,528 | +€228 | +1.6% |
| Profit (loss) for the period | 9904 | €33,009 | €35,143 | +€2,134 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,009 | €35,143 | +€2,134 | +6.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.