E-Liner: 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.
E-Liner
Largest movements
- Receivables within one year -€10,141
down €10,141 (-32.4%), from €31,259 to €21,118
of which Trade receivables: -€8,042
- Stocks and contracts +€6,500
up €6,500 (+40.0%), from €16,233 to €22,733
- Tangible fixed assets -€1,790
down €1,790 (-42.4%), from €4,221 to €2,431
- Other debts +€7,992
new in 2025: €7,992
- Profit (loss) carried forward -€7,004
down €7,004 (-98.4%), from -€7,119 to -€14,122
- Debts after one year -€4,593
down €4,593 (-41.0%), from €11,205 to €6,613
- Current portion of long-term debt -€4,340
no longer reported in 2025 (was €4,340)
- Tax, wage and social debts -€4,261
down €4,261 (-39.4%), from €10,817 to €6,556
of which Taxes: -€2,515
- Gross operating margin -€9,176
down €9,176 (-33.4%), from €27,494 to €18,318
- Depreciation -€1,743
no longer reported in 2025 (was €1,743)
- Other operating charges -€501
down €501 (-32.0%), from €1,565 to €1,064
- Financial income -€360
down €360 (-99.8%), from €360 to €1
- Financial charges +€345
up €345 (+18.9%), from €1,827 to €2,172
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,021 | €46,282 | -€5,740 | -11.0% |
| Fixed assets | 21/28 | €4,221 | €2,431 | -€1,790 | -42.4% |
| Tangible fixed assets | 22/27 | €4,221 | €2,431 | -€1,790 | -42.4% |
| Land and buildings | 22 | €1,815 | €1,587 | -€228 | -12.6% |
| Plant, machinery and equipment | 23 | €960 | €740 | -€220 | -22.9% |
| Furniture and vehicles | 24 | €598 | - | -€598 | |
| Leasing and similar rights | 25 | €849 | €104 | -€745 | -87.8% |
| Current assets | 29/58 | €47,800 | €43,851 | -€3,949 | -8.3% |
| Stocks and contracts in progress | 3 | €16,233 | €22,733 | +€6,500 | +40.0% |
| Stocks | 30/36 | €16,233 | €22,733 | +€6,500 | +40.0% |
| Amounts receivable within one year | 40/41 | €31,259 | €21,118 | -€10,141 | -32.4% |
| Trade receivables | 40 | €29,158 | €21,116 | -€8,042 | -27.6% |
| Other amounts receivable | 41 | €2,101 | €2 | -€2,099 | -99.9% |
| Deferred charges and accrued income | 490/1 | €308 | - | -€308 | |
| Total equity and liabilities | 10/49 | €52,021 | €46,282 | -€5,740 | -11.0% |
| Equity | 10/15 | €13,341 | €6,338 | -€7,004 | -52.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,119 | -€14,122 | -€7,004 | -98.4% |
| Amounts payable | 17/49 | €38,680 | €39,944 | +€1,264 | +3.3% |
| Amounts payable after more than one year | 17 | €11,205 | €6,613 | -€4,593 | -41.0% |
| Financial debts | 170/4 | €11,205 | €6,613 | -€4,593 | -41.0% |
| Amounts payable within one year | 42/48 | €27,475 | €33,331 | +€5,857 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €4,340 | - | -€4,340 | |
| Financial debts | 43 | €3,157 | €7,362 | +€4,205 | +133.2% |
| Credit institutions | 430/8 | €3,157 | €7,362 | +€4,205 | +133.2% |
| Trade debts | 44 | €9,160 | €11,421 | +€2,261 | +24.7% |
| Suppliers | 440/4 | €9,160 | €11,421 | +€2,261 | +24.7% |
| Taxes, remuneration and social security | 45 | €10,817 | €6,556 | -€4,261 | -39.4% |
| Taxes | 450/3 | €4,542 | €2,027 | -€2,515 | -55.4% |
| Remuneration and social security | 454/9 | €6,275 | €4,529 | -€1,747 | -27.8% |
| Other amounts payable | 47/48 | - | €7,992 | +€7,992 | |
| Remuneration, social security and pensions | 62 | €16,874 | €16,767 | -€107 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,743 | - | -€1,743 | |
| Other operating charges | 640/8 | €1,565 | €1,064 | -€501 | -32.0% |
| Gross operating margin | 9900 | €27,494 | €18,318 | -€9,176 | -33.4% |
| Operating profit (loss) | 9901 | €7,312 | €487 | -€6,825 | -93.3% |
| Financial income | 75/76B | €360 | €1 | -€360 | -99.8% |
| Recurring financial income | 75 | €360 | €1 | -€360 | -99.8% |
| Financial charges | 65/66B | €1,827 | €2,172 | +€345 | +18.9% |
| Recurring financial charges | 65 | €1,827 | €2,172 | +€345 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €5,845 | -€1,685 | -€7,530 | |
| Income taxes | 67/77 | €486 | €214 | -€272 | -56.0% |
| Profit (loss) for the period | 9904 | €5,359 | -€1,899 | -€7,258 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,359 | -€1,899 | -€7,258 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.