Lincoln 26: 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.
Lincoln 26
Largest movements
- Tangible fixed assets -€26,305
down €26,305 (-6.1%), from €429,810 to €403,505
- Profit (loss) carried forward -€23,536
down €23,536 (-16.7%), from -€140,978 to -€164,514
- Debts after one year +€10,000
up €10,000 (+20.0%), from €50,000 to €60,000
- Other debts -€8,960
down €8,960 (-1.8%), from €504,104 to €495,144
- Gross operating margin -€22,515
down €22,515 (-78.2%), from €28,793 to €6,279
- Depreciation -€4,520
down €4,520 (-14.7%), from €30,825 to €26,305
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 | €432,144 | €410,058 | -€22,086 | -5.1% |
| Fixed assets | 21/28 | €429,810 | €403,505 | -€26,305 | -6.1% |
| Tangible fixed assets | 22/27 | €429,810 | €403,505 | -€26,305 | -6.1% |
| Land and buildings | 22 | €429,810 | €403,505 | -€26,305 | -6.1% |
| Current assets | 29/58 | €2,334 | €6,553 | +€4,219 | +181% |
| Amounts receivable within one year | 40/41 | €7 | €12 | +€5 | +77.4% |
| Other amounts receivable | 41 | €7 | €12 | +€5 | +77.4% |
| Current investments | 50/53 | €107 | €2,244 | +€2,137 | +1,997% |
| Cash at bank and in hand | 54/58 | €2,220 | €4,297 | +€2,076 | +93.5% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €432,144 | €410,058 | -€22,086 | -5.1% |
| Equity | 10/15 | -€122,378 | -€145,914 | -€23,536 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,978 | -€164,514 | -€23,536 | -16.7% |
| Amounts payable | 17/49 | €554,522 | €555,972 | +€1,450 | +0.3% |
| Amounts payable after more than one year | 17 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Other amounts payable | 178/9 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Amounts payable within one year | 42/48 | €504,141 | €495,233 | -€8,908 | -1.8% |
| Trade debts | 44 | €37 | €89 | +€52 | +139% |
| Suppliers | 440/4 | €37 | €89 | +€52 | +139% |
| Other amounts payable | 47/48 | €504,104 | €495,144 | -€8,960 | -1.8% |
| Accrued charges and deferred income | 492/3 | €381 | €739 | +€358 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,825 | €26,305 | -€4,520 | -14.7% |
| Other operating charges | 640/8 | €2,958 | €3,000 | +€42 | +1.4% |
| Gross operating margin | 9900 | €28,793 | €6,279 | -€22,515 | -78.2% |
| Operating profit (loss) | 9901 | -€4,990 | -€23,026 | -€18,036 | -361% |
| Financial income | 75/76B | €28 | €19 | -€9 | -32.5% |
| Recurring financial income | 75 | €28 | €19 | -€9 | -32.5% |
| Financial charges | 65/66B | €467 | €529 | +€62 | +13.3% |
| Recurring financial charges | 65 | €467 | €529 | +€62 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,428 | -€23,536 | -€18,108 | -334% |
| Profit (loss) for the period | 9904 | -€5,428 | -€23,536 | -€18,108 | -334% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,428 | -€23,536 | -€18,108 | -334% |
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 29 October 2026 via checked.be.