B'Linea: 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.
B'Linea
Largest movements
- Tangible fixed assets -€63,664
down €63,664 (-68.5%), from €92,912 to €29,249
of which Land and buildings: -€63,664
- Cash -€9,364
down €9,364 (-81.1%), from €11,542 to €2,178
mainly Net result for the year (-€54,773) and Other debts (-€7,985)
- Receivables within one year +€6,071
up €6,071 (+106.6%), from €5,694 to €11,765
of which Trade receivables: +€5,995
- Profit (loss) carried forward -€45,479
down €45,479 (-6.6%), from -€684,496 to -€729,975
- Reserves -€9,294
down €9,294 (-5.0%), from €187,196 to €177,902
of which Tax-exempt reserves: -€9,294
- Other debts -€7,985
down €7,985 (-4.5%), from €179,185 to €171,200
- Trade debts -€3,109
down €3,109 (-100.0%), from €3,109 to €0
- Provisions -€3,098
down €3,098 (-100.0%), from €3,098 to €0
- Gross operating margin +€2,765
up €2,765 (+25.2%), from €10,972 to €13,737
- Other operating charges +€2,242
up €2,242 (+70.3%), from €3,190 to €5,432
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 | €112,226 | €44,734 | -€67,492 | -60.1% |
| Fixed assets | 21/28 | €93,441 | €29,777 | -€63,664 | -68.1% |
| Tangible fixed assets | 22/27 | €92,912 | €29,249 | -€63,664 | -68.5% |
| Land and buildings | 22 | €92,912 | €29,249 | -€63,664 | -68.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Financial fixed assets | 28 | €529 | €529 | = | 0.0% |
| Current assets | 29/58 | €18,785 | €14,956 | -€3,828 | -20.4% |
| Amounts receivable within one year | 40/41 | €5,694 | €11,765 | +€6,071 | +106.6% |
| Trade receivables | 40 | €5,250 | €11,245 | +€5,995 | +114.2% |
| Other amounts receivable | 41 | €444 | €520 | +€76 | +17.1% |
| Cash at bank and in hand | 54/58 | €11,542 | €2,178 | -€9,364 | -81.1% |
| Deferred charges and accrued income | 490/1 | €1,549 | €1,014 | -€535 | -34.6% |
| Total equity and liabilities | 10/49 | €112,226 | €44,734 | -€67,492 | -60.1% |
| Equity | 10/15 | -€75,850 | -€130,623 | -€54,773 | -72.2% |
| Contributions | 10/11 | €421,450 | €421,450 | = | 0.0% |
| Capital | 10 | €421,450 | €421,450 | = | 0.0% |
| Issued capital | 100 | €421,450 | €421,450 | = | 0.0% |
| Reserves | 13 | €187,196 | €177,902 | -€9,294 | -5.0% |
| Non-distributable reserves | 130/1 | €42,145 | €42,145 | = | 0.0% |
| Legal reserve | 130 | €42,145 | €42,145 | = | 0.0% |
| Tax-exempt reserves | 132 | €102,661 | €93,367 | -€9,294 | -9.1% |
| Distributable reserves | 133 | €42,390 | €42,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€684,496 | -€729,975 | -€45,479 | -6.6% |
| Provisions and deferred taxes | 16 | €3,098 | €0 | -€3,098 | -100.0% |
| Deferred taxes | 168 | €3,098 | €0 | -€3,098 | -100.0% |
| Amounts payable | 17/49 | €184,978 | €175,357 | -€9,621 | -5.2% |
| Amounts payable within one year | 42/48 | €184,978 | €174,911 | -€10,066 | -5.4% |
| Trade debts | 44 | €3,109 | €0 | -€3,109 | -100.0% |
| Suppliers | 440/4 | €3,109 | €0 | -€3,109 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,683 | €3,711 | +€1,028 | +38.3% |
| Taxes | 450/3 | €2,683 | €3,711 | +€1,028 | +38.3% |
| Other amounts payable | 47/48 | €179,185 | €171,200 | -€7,985 | -4.5% |
| Accrued charges and deferred income | 492/3 | - | €445 | +€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,664 | €63,664 | = | 0.0% |
| Other operating charges | 640/8 | €3,190 | €5,432 | +€2,242 | +70.3% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €10,972 | €13,737 | +€2,765 | +25.2% |
| Operating profit (loss) | 9901 | -€55,882 | -€55,358 | +€523 | +0.9% |
| Financial charges | 65/66B | €2,588 | €2,513 | -€76 | -2.9% |
| Recurring financial charges | 65 | €2,588 | €2,513 | -€76 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€58,470 | -€57,871 | +€599 | +1.0% |
| Transfer from deferred taxes | 780 | €3,098 | €3,098 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€55,372 | -€54,773 | +€599 | +1.1% |
| Transfer from tax-exempt reserves | 789 | €9,295 | €9,294 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,077 | -€45,479 | +€598 | +1.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.