COUNTRY LINE: 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.
COUNTRY LINE
Largest movements
- Receivables within one year +€3,279
up €3,279 (+208%), from €1,579 to €4,858
of which Trade receivables: +€4,089
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€5,443
up €5,443 (+100%), from €5,429 to €10,872
- Depreciation +€826
up €826 (+18.6%), from €4,449 to €5,275
- Other operating charges -€735
down €735 (-13.7%), from €5,363 to €4,627
- Financial charges +€293
up €293 (+372%), from €79 to €371
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 | €326,669 | €326,271 | -€398 | -0.1% |
| Fixed assets | 21/28 | €296,245 | €297,052 | +€807 | +0.3% |
| Tangible fixed assets | 22/27 | €288,227 | €289,034 | +€807 | +0.3% |
| Land and buildings | 22 | €286,768 | €284,673 | -€2,095 | -0.7% |
| Plant, machinery and equipment | 23 | €1,459 | €4,361 | +€2,902 | +199% |
| Financial fixed assets | 28 | €8,018 | €8,018 | = | 0.0% |
| Current assets | 29/58 | €30,425 | €29,219 | -€1,206 | -4.0% |
| Amounts receivable within one year | 40/41 | €1,579 | €4,858 | +€3,279 | +208% |
| Trade receivables | 40 | - | €4,089 | +€4,089 | |
| Other amounts receivable | 41 | €1,579 | €769 | -€810 | -51.3% |
| Current investments | 50/53 | €9,123 | €9,123 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,576 | €14,611 | -€1,965 | -11.9% |
| Deferred charges and accrued income | 490/1 | €3,147 | €627 | -€2,520 | -80.1% |
| Total equity and liabilities | 10/49 | €326,669 | €326,271 | -€398 | -0.1% |
| Equity | 10/15 | €311,502 | €312,105 | +€603 | +0.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €34,112 | €34,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €31,013 | €31,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,404 | €247,007 | +€603 | +0.2% |
| Amounts payable | 17/49 | €15,167 | €14,166 | -€1,001 | -6.6% |
| Amounts payable within one year | 42/48 | €15,167 | €14,166 | -€1,001 | -6.6% |
| Trade debts | 44 | €724 | €248 | -€476 | -65.7% |
| Suppliers | 440/4 | €724 | €248 | -€476 | -65.7% |
| Other amounts payable | 47/48 | €14,444 | €13,918 | -€526 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,449 | €5,275 | +€826 | +18.6% |
| Other operating charges | 640/8 | €5,363 | €4,627 | -€735 | -13.7% |
| Gross operating margin | 9900 | €5,429 | €10,872 | +€5,443 | +100% |
| Operating profit (loss) | 9901 | -€4,382 | €970 | +€5,352 | |
| Financial income | 75/76B | €58 | €5 | -€53 | -91.4% |
| Recurring financial income | 75 | €58 | €5 | -€53 | -91.4% |
| Financial charges | 65/66B | €79 | €371 | +€293 | +372% |
| Recurring financial charges | 65 | €79 | €371 | +€293 | +372% |
| Profit (loss) for the period before taxes | 9903 | -€4,404 | €603 | +€5,007 | |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | -€4,407 | €603 | +€5,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,407 | €603 | +€5,010 |
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 30 October 2026 via checked.be.