Ledline Dynamics: 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.
Ledline Dynamics
Largest movements
- Receivables within one year -€3,777
down €3,777 (-72.9%), from €5,184 to €1,406
of which Trade receivables: -€4,532
- Stocks and contracts -€3,322
down €3,322 (-32.8%), from €10,120 to €6,799
- Cash +€1,056
up €1,056 (+5747.4%), from €18 to €1,074
mainly Net result for the year (+€9,429) and Receivables within one year (+€3,777)
- Deferred charges and accrued income -€487
down €487 (-100.0%), from €487 to €0
- Other debts -€19,306
down €19,306 (-100.0%), from €19,306 to €0
- Profit (loss) carried forward +€8,623
up €8,623, from -€8,623 to €0
- Trade debts +€3,144
new in 2025: €3,144
- Reserves +€806
new in 2025: €806
- Tax, wage and social debts +€201
new in 2025: €201
- Gross operating margin +€25,126
up €25,126, from -€8,492 to €16,634
- Write-downs +€6,799
new in 2025: €6,799
- Taxes +€201
new in 2025: €201
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 | €15,809 | €9,279 | -€6,530 | -41.3% |
| Current assets | 29/58 | €15,809 | €9,279 | -€6,530 | -41.3% |
| Stocks and contracts in progress | 3 | €10,120 | €6,799 | -€3,322 | -32.8% |
| Stocks | 30/36 | €10,120 | €6,799 | -€3,322 | -32.8% |
| Amounts receivable within one year | 40/41 | €5,184 | €1,406 | -€3,777 | -72.9% |
| Trade receivables | 40 | €4,532 | €0 | -€4,532 | -100.0% |
| Other amounts receivable | 41 | €652 | €1,406 | +€754 | +115.8% |
| Cash at bank and in hand | 54/58 | €18 | €1,074 | +€1,056 | +5747.4% |
| Deferred charges and accrued income | 490/1 | €487 | €0 | -€487 | -100.0% |
| Total equity and liabilities | 10/49 | €15,809 | €9,279 | -€6,530 | -41.3% |
| Equity | 10/15 | -€3,623 | €5,806 | +€9,429 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €806 | +€806 | |
| Distributable reserves | 133 | - | €806 | +€806 | |
| Profit (loss) carried forward | 14 | -€8,623 | €0 | +€8,623 | |
| Amounts payable | 17/49 | €19,432 | €3,473 | -€15,959 | -82.1% |
| Amounts payable within one year | 42/48 | €19,306 | €3,345 | -€15,961 | -82.7% |
| Trade debts | 44 | - | €3,144 | +€3,144 | |
| Suppliers | 440/4 | - | €3,144 | +€3,144 | |
| Taxes, remuneration and social security | 45 | - | €201 | +€201 | |
| Taxes | 450/3 | - | €201 | +€201 | |
| Other amounts payable | 47/48 | €19,306 | €0 | -€19,306 | -100.0% |
| Accrued charges and deferred income | 492/3 | €126 | €128 | +€2 | +1.6% |
| Non-recurring operating income | 76A | - | €27,993 | +€27,993 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,799 | +€6,799 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | -€8,492 | €16,634 | +€25,126 | |
| Operating profit (loss) | 9901 | -€8,618 | €9,707 | +€18,325 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5 | €77 | +€72 | +1421.9% |
| Recurring financial charges | 65 | €5 | €77 | +€72 | +1421.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,623 | €9,630 | +€18,253 | |
| Income taxes | 67/77 | - | €201 | +€201 | |
| Profit (loss) for the period | 9904 | -€8,623 | €9,429 | +€18,052 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,623 | €9,429 | +€18,052 |
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 6 October 2026 via checked.be.