LINE-GOLD: 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.
What changed
LINE-GOLD
NACE 46.140, Agents in the wholesale of industrial machinery, ships and aircraft
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€211,571
2024 · €194,371+€17,200
Equity
€1.8m
2024 · €1.5m+€211,571
Cash
€152,847
2024 · €85,807+€67,041
Balance sheet total
€2.3m
2024 · €2.1m+€189,654
Largest movements
Assets
- Receivables within one year +€152,508
up €152,508 (+24.0%), from €635,936 to €788,444
of which Trade receivables: +€77,366
- Cash +€67,041
up €67,041 (+78.1%), from €85,807 to €152,847
mainly Net result for the year (+€211,571) and Depreciation (+€29,848)
- Stocks and contracts -€23,297
down €23,297 (-5.6%), from €419,191 to €395,895
Equity and liabilities
- Reserves +€211,571
up €211,571 (+66.2%), from €319,397 to €530,969
- Short-term financial debts -€26,046
down €26,046 (-13.0%), from €200,000 to €173,954
Income statement
- Staff costs -€30,235
down €30,235 (-33.8%), from €89,325 to €59,090
- Taxes +€8,842
up €8,842 (+9.7%), from €91,346 to €100,189
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.
Result 2024
€194,371
Gross operating margin
-€3,106
Staff costs
+€30,235
Depreciation
-€856
Other operating charges
+€33
Financial income
-€1,110
Financial charges
+€847
Taxes
-€8,842
Result 2025
€211,571
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.
From operations
+€116,916
Investment
-€22,240
Financing
-€27,635
Cash 2024
€85,807
From operations (derived)
+€116,916
Net result for the year
+€211,571
Depreciation
+€29,848
Stocks and contracts
+€23,297
Receivables within one year
-€152,508
Deferred charges and accrued income
-€1,010
Trade debts
-€16,026
Tax, wage and social debts
+€21,743
Investment (derived)
-€22,240
Investment in fixed assets (net)
-€22,240
Financing
-€27,635
Debts after one year
-€11,956
Current portion of long-term debt
+€10,367
Short-term financial debts
-€26,046
Cash 2025
€152,847
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,101,995 | €2,291,649 | +€189,654 | +9.0% |
| Fixed assets | 21/28 | €410,533 | €402,925 | -€7,608 | -1.9% |
| Intangible fixed assets | 21 | €3,182 | €1,520 | -€1,661 | -52.2% |
| Tangible fixed assets | 22/27 | €402,251 | €396,305 | -€5,947 | -1.5% |
| Land and buildings | 22 | €387,435 | €365,550 | -€21,885 | -5.6% |
| Plant, machinery and equipment | 23 | €8,103 | €6,323 | -€1,780 | -22.0% |
| Furniture and vehicles | 24 | €6,714 | €24,431 | +€17,718 | +263.9% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €1,691,462 | €1,888,724 | +€197,262 | +11.7% |
| Amounts receivable after more than one year | 29 | €548,135 | €548,135 | = | 0.0% |
| Other amounts receivable | 291 | €548,135 | €548,135 | = | 0.0% |
| Stocks and contracts in progress | 3 | €419,191 | €395,895 | -€23,297 | -5.6% |
| Stocks | 30/36 | €419,191 | €395,895 | -€23,297 | -5.6% |
| Amounts receivable within one year | 40/41 | €635,936 | €788,444 | +€152,508 | +24.0% |
| Trade receivables | 40 | €438,991 | €516,356 | +€77,366 | +17.6% |
| Other amounts receivable | 41 | €196,946 | €272,088 | +€75,142 | +38.2% |
| Cash at bank and in hand | 54/58 | €85,807 | €152,847 | +€67,041 | +78.1% |
| Deferred charges and accrued income | 490/1 | €2,393 | €3,402 | +€1,010 | +42.2% |
| Total equity and liabilities | 10/49 | €2,101,995 | €2,291,649 | +€189,654 | +9.0% |
| Equity | 10/15 | €1,538,530 | €1,750,102 | +€211,571 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €319,397 | €530,969 | +€211,571 | +66.2% |
| Distributable reserves | 133 | €319,397 | €530,969 | +€211,571 | +66.2% |
| Profit (loss) carried forward | 14 | €1,212,933 | €1,212,933 | = | 0.0% |
| Amounts payable | 17/49 | €563,465 | €541,547 | -€21,918 | -3.9% |
| Amounts payable after more than one year | 17 | €119,540 | €107,584 | -€11,956 | -10.0% |
| Financial debts | 170/4 | €119,540 | €107,584 | -€11,956 | -10.0% |
| Amounts payable within one year | 42/48 | €443,925 | €433,963 | -€9,962 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €18,982 | €29,349 | +€10,367 | +54.6% |
| Financial debts | 43 | €200,000 | €173,954 | -€26,046 | -13.0% |
| Credit institutions | 430/8 | €200,000 | €173,954 | -€26,046 | -13.0% |
| Trade debts | 44 | €127,520 | €111,494 | -€16,026 | -12.6% |
| Suppliers | 440/4 | €127,520 | €111,494 | -€16,026 | -12.6% |
| Taxes, remuneration and social security | 45 | €97,423 | €119,166 | +€21,743 | +22.3% |
| Taxes | 450/3 | €91,455 | €110,416 | +€18,961 | +20.7% |
| Remuneration and social security | 454/9 | €5,968 | €8,750 | +€2,781 | +46.6% |
| Remuneration, social security and pensions | 62 | €89,325 | €59,090 | -€30,235 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,992 | €29,848 | +€856 | +3.0% |
| Other operating charges | 640/8 | €1,955 | €1,922 | -€33 | -1.7% |
| Gross operating margin | 9900 | €436,131 | €433,025 | -€3,106 | -0.7% |
| Operating profit (loss) | 9901 | €315,858 | €342,164 | +€26,306 | +8.3% |
| Financial income | 75/76B | €1,559 | €449 | -€1,110 | -71.2% |
| Recurring financial income | 75 | €1,559 | €449 | -€1,110 | -71.2% |
| Financial charges | 65/66B | €31,700 | €30,853 | -€847 | -2.7% |
| Recurring financial charges | 65 | €31,700 | €30,853 | -€847 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €285,717 | €311,760 | +€26,043 | +9.1% |
| Income taxes | 67/77 | €91,346 | €100,189 | +€8,842 | +9.7% |
| Profit (loss) for the period | 9904 | €194,371 | €211,571 | +€17,200 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €194,371 | €211,571 | +€17,200 | +8.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.