Ligne Bleue: 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.
Ligne Bleue
Largest movements
- Current investments +€32,588
up €32,588 (+6.2%), from €523,254 to €555,842
- Receivables within one year +€12,000
up €12,000, from €0 to €12,000
of which Other amounts receivable: +€12,000
- Cash +€6,924
up €6,924 (+12.9%), from €53,654 to €60,578
mainly Net result for the year (+€74,529) and Tax, wage and social debts (+€19,809)
- Reserves +€74,529
up €74,529 (+16.2%), from €460,173 to €534,703
of which Distributable reserves: +€74,529
- Other debts -€35,568
down €35,568 (-53.0%), from €67,120 to €31,553
- Tax, wage and social debts +€19,809
up €19,809 (+630%), from €3,142 to €22,951
- Financial charges -€54,664
down €54,664 (-94.7%), from €57,705 to €3,041
- Taxes +€30,979
up €30,979 (+6,613%), from €468 to €31,448
- Financial income +€26,749
up €26,749 (+2,126%), from €1,258 to €28,008
- Gross operating margin +€21,104
up €21,104 (+34.3%), from €61,465 to €82,569
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 | €599,307 | €653,827 | +€54,521 | +9.1% |
| Fixed assets | 21/28 | €22,059 | €22,353 | +€294 | +1.3% |
| Tangible fixed assets | 22/27 | €16,293 | €15,637 | -€656 | -4.0% |
| Land and buildings | 22 | €16,182 | €15,637 | -€545 | -3.4% |
| Furniture and vehicles | 24 | €111 | €0 | -€111 | -100% |
| Financial fixed assets | 28 | €5,766 | €6,716 | +€950 | +16.5% |
| Current assets | 29/58 | €577,248 | €631,474 | +€54,227 | +9.4% |
| Amounts receivable within one year | 40/41 | €0 | €12,000 | +€12,000 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €12,000 | +€12,000 | |
| Current investments | 50/53 | €523,254 | €555,842 | +€32,588 | +6.2% |
| Cash at bank and in hand | 54/58 | €53,654 | €60,578 | +€6,924 | +12.9% |
| Deferred charges and accrued income | 490/1 | €340 | €3,055 | +€2,715 | +799% |
| Total equity and liabilities | 10/49 | €599,307 | €653,827 | +€54,521 | +9.1% |
| Equity | 10/15 | €523,122 | €596,796 | +€73,674 | +14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €460,173 | €534,703 | +€74,529 | +16.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €458,313 | €532,843 | +€74,529 | +16.3% |
| Profit (loss) carried forward | 14 | €50,549 | €49,694 | -€855 | -1.7% |
| Amounts payable | 17/49 | €76,185 | €57,031 | -€19,154 | -25.1% |
| Amounts payable within one year | 42/48 | €70,529 | €54,532 | -€15,997 | -22.7% |
| Trade debts | 44 | €266 | €29 | -€237 | -89.1% |
| Suppliers | 440/4 | €266 | €29 | -€237 | -89.1% |
| Taxes, remuneration and social security | 45 | €3,142 | €22,951 | +€19,809 | +630% |
| Taxes | 450/3 | €3,142 | €22,951 | +€19,809 | +630% |
| Other amounts payable | 47/48 | €67,120 | €31,553 | -€35,568 | -53.0% |
| Accrued charges and deferred income | 492/3 | €5,656 | €2,498 | -€3,157 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €657 | €656 | -€1 | -0.1% |
| Other operating charges | 640/8 | €750 | €902 | +€152 | +20.2% |
| Non-recurring operating charges | 66A | €202 | €0 | -€202 | -100% |
| Gross operating margin | 9900 | €61,465 | €82,569 | +€21,104 | +34.3% |
| Operating profit (loss) | 9901 | €59,856 | €81,011 | +€21,155 | +35.3% |
| Financial income | 75/76B | €1,258 | €28,008 | +€26,749 | +2,126% |
| Recurring financial income | 75 | €1,258 | €28,008 | +€26,749 | +2,126% |
| Financial charges | 65/66B | €57,705 | €3,041 | -€54,664 | -94.7% |
| Recurring financial charges | 65 | €57,705 | €3,041 | -€54,664 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €3,409 | €105,977 | +€102,568 | +3,009% |
| Income taxes | 67/77 | €468 | €31,448 | +€30,979 | +6,613% |
| Profit (loss) for the period | 9904 | €2,941 | €74,529 | +€71,589 | +2,435% |
| Profit (loss) for the period to be appropriated | 9905 | €2,941 | €74,529 | +€71,589 | +2,435% |
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 23 October 2026 via checked.be.