LIGNE VERTE: 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 VERTE
Largest movements
- Receivables within one year -€20,969
down €20,969 (-47.2%), from €44,389 to €23,419
of which Trade receivables: -€18,409
- Tangible fixed assets -€10,797
down €10,797 (-18.0%), from €59,904 to €49,107
of which Furniture and vehicles: -€6,673
- Cash +€7,113
up €7,113 (+33.3%), from €21,367 to €28,480
mainly Receivables within one year (+€20,969) and Depreciation (+€18,565)
- Financial fixed assets +€3,210
new in 2025: €3,210
- Debts after one year -€12,100
down €12,100 (-26.4%), from €45,839 to €33,740
of which Financial debts: -€12,100
- Tax, wage and social debts -€5,569
down €5,569 (-29.6%), from €18,790 to €13,222
of which Taxes: -€5,734
- Profit (loss) carried forward -€4,530
new in 2025: -€4,530
- Current portion of long-term debt +€2,412
up €2,412 (+17.1%), from €14,117 to €16,529
- Trade debts -€1,943
down €1,943 (-12.8%), from €15,236 to €13,293
- Gross operating margin -€20,456
down €20,456 (-38.2%), from €53,578 to €33,123
- Staff costs +€14,255
up €14,255 (+1921.7%), from €742 to €14,997
- Taxes -€7,972
down €7,972 (-98.1%), from €8,126 to €154
- Other operating charges -€1,192
down €1,192 (-48.2%), from €2,474 to €1,283
- Depreciation +€763
up €763 (+4.3%), from €17,802 to €18,565
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 | €134,908 | €112,856 | -€22,052 | -16.3% |
| Fixed assets | 21/28 | €59,904 | €52,317 | -€7,587 | -12.7% |
| Tangible fixed assets | 22/27 | €59,904 | €49,107 | -€10,797 | -18.0% |
| Plant, machinery and equipment | 23 | €16,031 | €11,907 | -€4,124 | -25.7% |
| Furniture and vehicles | 24 | €43,873 | €37,200 | -€6,673 | -15.2% |
| Financial fixed assets | 28 | - | €3,210 | +€3,210 | |
| Current assets | 29/58 | €75,003 | €60,538 | -€14,465 | -19.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €44,389 | €23,419 | -€20,969 | -47.2% |
| Trade receivables | 40 | €32,669 | €14,260 | -€18,409 | -56.3% |
| Other amounts receivable | 41 | €11,719 | €9,159 | -€2,560 | -21.8% |
| Cash at bank and in hand | 54/58 | €21,367 | €28,480 | +€7,113 | +33.3% |
| Deferred charges and accrued income | 490/1 | €9,247 | €8,639 | -€608 | -6.6% |
| Total equity and liabilities | 10/49 | €134,908 | €112,856 | -€22,052 | -16.3% |
| Equity | 10/15 | €36,519 | €31,990 | -€4,530 | -12.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,519 | €31,519 | = | 0.0% |
| Distributable reserves | 133 | €31,519 | €31,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,530 | -€4,530 | |
| Amounts payable | 17/49 | €98,388 | €80,866 | -€17,522 | -17.8% |
| Amounts payable after more than one year | 17 | €45,839 | €33,740 | -€12,100 | -26.4% |
| Financial debts | 170/4 | €43,409 | €31,310 | -€12,100 | -27.9% |
| Other amounts payable | 178/9 | €2,430 | €2,430 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,422 | €44,543 | -€4,879 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €14,117 | €16,529 | +€2,412 | +17.1% |
| Trade debts | 44 | €15,236 | €13,293 | -€1,943 | -12.8% |
| Suppliers | 440/4 | €15,236 | €13,293 | -€1,943 | -12.8% |
| Advances received on contracts in progress | 46 | €1,280 | €1,500 | +€221 | +17.2% |
| Taxes, remuneration and social security | 45 | €18,790 | €13,222 | -€5,569 | -29.6% |
| Taxes | 450/3 | €16,790 | €11,056 | -€5,734 | -34.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,165 | +€165 | +8.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,127 | €2,584 | -€543 | -17.4% |
| Non-recurring operating income | 76A | €197 | €0 | -€197 | -100.0% |
| Remuneration, social security and pensions | 62 | €742 | €14,997 | +€14,255 | +1921.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,802 | €18,565 | +€763 | +4.3% |
| Other operating charges | 640/8 | €2,474 | €1,283 | -€1,192 | -48.2% |
| Non-recurring operating charges | 66A | €93 | €221 | +€128 | +138.4% |
| Gross operating margin | 9900 | €53,578 | €33,123 | -€20,456 | -38.2% |
| Operating profit (loss) | 9901 | €32,468 | -€1,943 | -€34,410 | |
| Financial income | 75/76B | €3 | €599 | +€596 | +18158.8% |
| Recurring financial income | 75 | €3 | €599 | +€596 | +18158.8% |
| Financial charges | 65/66B | €3,095 | €3,032 | -€63 | -2.0% |
| Recurring financial charges | 65 | €3,095 | €3,032 | -€63 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €29,376 | -€4,376 | -€33,752 | |
| Income taxes | 67/77 | €8,126 | €154 | -€7,972 | -98.1% |
| Profit (loss) for the period | 9904 | €21,250 | -€4,530 | -€25,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,250 | -€4,530 | -€25,780 |
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 12 October 2026 via checked.be.