FINE LINE: 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.
FINE LINE
Largest movements
- Tangible fixed assets -€4,229
down €4,229 (-74.2%), from €5,702 to €1,473
of which Furniture and vehicles: -€2,566
- Receivables within one year -€2,525
down €2,525 (-21.4%), from €11,799 to €9,274
of which Other amounts receivable: -€2,526
- Deferred charges and accrued income +€2,428
up €2,428 (+65.8%), from €3,690 to €6,118
- Cash +€1,942
up €1,942 (+15.5%), from €12,509 to €14,451
mainly Depreciation (+€4,829) and Receivables within one year (+€2,525)
- Stocks and contracts +€895
up €895 (+36.0%), from €2,489 to €3,385
- Reserves +€19,532
new in 2025: €19,532
- Profit (loss) carried forward -€18,603
no longer reported in 2025 (was €18,603)
- Trade debts -€3,112
down €3,112 (-99.6%), from €3,126 to €14
- Tax, wage and social debts +€694
up €694 (+6.1%), from €11,460 to €12,154
of which Taxes: +€2,512
- Gross operating margin -€5,694
down €5,694 (-36.5%), from €15,609 to €9,916
- Financial charges -€2,115
down €2,115 (-62.9%), from €3,359 to €1,245
- Depreciation -€1,214
down €1,214 (-20.1%), from €6,044 to €4,829
- Taxes -€574
down €574 (-69.5%), from €827 to €252
- Other operating charges -€388
down €388 (-18.8%), from €2,059 to €1,671
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 | €36,189 | €34,700 | -€1,489 | -4.1% |
| Fixed assets | 21/28 | €5,702 | €1,473 | -€4,229 | -74.2% |
| Tangible fixed assets | 22/27 | €5,702 | €1,473 | -€4,229 | -74.2% |
| Plant, machinery and equipment | 23 | €2,084 | €421 | -€1,663 | -79.8% |
| Furniture and vehicles | 24 | €3,618 | €1,052 | -€2,566 | -70.9% |
| Current assets | 29/58 | €30,487 | €33,227 | +€2,740 | +9.0% |
| Stocks and contracts in progress | 3 | €2,489 | €3,385 | +€895 | +36.0% |
| Stocks | 30/36 | €2,489 | €3,385 | +€895 | +36.0% |
| Amounts receivable within one year | 40/41 | €11,799 | €9,274 | -€2,525 | -21.4% |
| Trade receivables | 40 | €455 | €456 | +€1 | +0.2% |
| Other amounts receivable | 41 | €11,344 | €8,818 | -€2,526 | -22.3% |
| Cash at bank and in hand | 54/58 | €12,509 | €14,451 | +€1,942 | +15.5% |
| Deferred charges and accrued income | 490/1 | €3,690 | €6,118 | +€2,428 | +65.8% |
| Total equity and liabilities | 10/49 | €36,189 | €34,700 | -€1,489 | -4.1% |
| Equity | 10/15 | €21,603 | €22,532 | +€929 | +4.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €19,532 | +€19,532 | |
| Distributable reserves | 133 | - | €19,532 | +€19,532 | |
| Profit (loss) carried forward | 14 | €18,603 | - | -€18,603 | |
| Amounts payable | 17/49 | €14,586 | €12,168 | -€2,418 | -16.6% |
| Amounts payable within one year | 42/48 | €14,586 | €12,168 | -€2,418 | -16.6% |
| Trade debts | 44 | €3,126 | €14 | -€3,112 | -99.6% |
| Suppliers | 440/4 | €3,126 | €14 | -€3,112 | -99.6% |
| Taxes, remuneration and social security | 45 | €11,460 | €12,154 | +€694 | +6.1% |
| Taxes | 450/3 | €7,414 | €9,926 | +€2,512 | +33.9% |
| Remuneration and social security | 454/9 | €4,046 | €2,228 | -€1,818 | -44.9% |
| Remuneration, social security and pensions | 62 | €986 | €1,281 | +€295 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,044 | €4,829 | -€1,214 | -20.1% |
| Other operating charges | 640/8 | €2,059 | €1,671 | -€388 | -18.8% |
| Gross operating margin | 9900 | €15,609 | €9,916 | -€5,694 | -36.5% |
| Operating profit (loss) | 9901 | €6,520 | €2,134 | -€4,386 | -67.3% |
| Financial income | 75/76B | - | €292 | +€292 | |
| Recurring financial income | 75 | - | €292 | +€292 | |
| Financial charges | 65/66B | €3,359 | €1,245 | -€2,115 | -62.9% |
| Recurring financial charges | 65 | €3,359 | €1,245 | -€2,115 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | €3,161 | €1,181 | -€1,979 | -62.6% |
| Income taxes | 67/77 | €827 | €252 | -€574 | -69.5% |
| Profit (loss) for the period | 9904 | €2,334 | €929 | -€1,405 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,334 | €929 | -€1,405 | -60.2% |
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.