KURT LINGIER: 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.
KURT LINGIER
Largest movements
- Current investments -€60,000
down €60,000 (-44.4%), from €135,000 to €75,000
- Receivables after one year +€32,432
new in 2025: €32,432
- Receivables within one year -€26,984
no longer reported in 2025 (was €26,984)
of which Trade receivables: -€16,000
- Cash +€5,963
up €5,963 (+12.9%), from €46,305 to €52,267
mainly Net result for the year (+€140,037) and Current investments (+€60,000)
- Tangible fixed assets -€2,216
down €2,216 (-42.4%), from €5,224 to €3,008
of which Furniture and vehicles: -€1,775
- Other debts -€52,048
down €52,048 (-26.2%), from €198,786 to €146,738
- Gross operating margin -€69,674
down €69,674 (-27.8%), from €250,948 to €181,274
- Financial charges -€30,923
down €30,923 (-99.0%), from €31,224 to €301
of which Non-recurring financial charges: -€30,986
- Financial income -€29,571
down €29,571 (-85.4%), from €34,619 to €5,048
- Taxes -€9,419
down €9,419 (-18.1%), from €52,072 to €42,653
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 | €219,107 | €167,497 | -€51,610 | -23.6% |
| Fixed assets | 21/28 | €9,224 | €6,808 | -€2,416 | -26.2% |
| Tangible fixed assets | 22/27 | €5,224 | €3,008 | -€2,216 | -42.4% |
| Plant, machinery and equipment | 23 | €620 | €180 | -€441 | -71.0% |
| Furniture and vehicles | 24 | €4,603 | €2,828 | -€1,775 | -38.6% |
| Financial fixed assets | 28 | €4,000 | €3,800 | -€200 | -5.0% |
| Current assets | 29/58 | €209,883 | €160,688 | -€49,195 | -23.4% |
| Amounts receivable after more than one year | 29 | - | €32,432 | +€32,432 | |
| Other amounts receivable | 291 | - | €32,432 | +€32,432 | |
| Amounts receivable within one year | 40/41 | €26,984 | - | -€26,984 | |
| Trade receivables | 40 | €16,000 | - | -€16,000 | |
| Other amounts receivable | 41 | €10,984 | - | -€10,984 | |
| Current investments | 50/53 | €135,000 | €75,000 | -€60,000 | -44.4% |
| Cash at bank and in hand | 54/58 | €46,305 | €52,267 | +€5,963 | +12.9% |
| Deferred charges and accrued income | 490/1 | €1,594 | €989 | -€605 | -38.0% |
| Total equity and liabilities | 10/49 | €219,107 | €167,497 | -€51,610 | -23.6% |
| Equity | 10/15 | €18,900 | €18,900 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Tax-exempt reserves | 132 | €300 | €300 | = | 0.0% |
| Amounts payable | 17/49 | €200,207 | €148,597 | -€51,610 | -25.8% |
| Amounts payable within one year | 42/48 | €200,207 | €148,597 | -€51,610 | -25.8% |
| Trade debts | 44 | €1,421 | €1,859 | +€438 | +30.8% |
| Suppliers | 440/4 | €1,421 | €1,859 | +€438 | +30.8% |
| Other amounts payable | 47/48 | €198,786 | €146,738 | -€52,048 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,216 | €2,216 | = | 0.0% |
| Other operating charges | 640/8 | €1,270 | €1,115 | -€154 | -12.1% |
| Gross operating margin | 9900 | €250,948 | €181,274 | -€69,674 | -27.8% |
| Operating profit (loss) | 9901 | €247,463 | €177,943 | -€69,520 | -28.1% |
| Financial income | 75/76B | €34,619 | €5,048 | -€29,571 | -85.4% |
| Recurring financial income | 75 | €34,619 | €5,048 | -€29,571 | -85.4% |
| Financial charges | 65/66B | €31,224 | €301 | -€30,923 | -99.0% |
| Recurring financial charges | 65 | €238 | €301 | +€63 | +26.5% |
| Non-recurring financial charges | 66B | €30,986 | - | -€30,986 | |
| Profit (loss) for the period before taxes | 9903 | €250,858 | €182,690 | -€68,168 | -27.2% |
| Income taxes | 67/77 | €52,072 | €42,653 | -€9,419 | -18.1% |
| Profit (loss) for the period | 9904 | €198,786 | €140,037 | -€58,749 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €198,786 | €140,037 | -€58,749 | -29.6% |
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 18 October 2026 via checked.be.