LINE UP MANAGEMENT: 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.
LINE UP MANAGEMENT
Largest movements
- Cash +€11,695
up €11,695 (+35.3%), from €33,084 to €44,779
mainly Other debts (+€34,543) and Net result for the year (+€14,824)
- Tangible fixed assets -€2,314
down €2,314 (-66.7%), from €3,471 to €1,157
- Receivables within one year +€2,260
up €2,260 (+46.9%), from €4,822 to €7,083
of which Other amounts receivable: +€2,079
- Other debts +€34,543
up €34,543 (+761%), from €4,538 to €39,081
- Reserves -€23,774
down €23,774 (-37.2%), from €63,883 to €40,109
- Gross operating margin -€13,847
down €13,847 (-58.7%), from €23,582 to €9,735
- Taxes -€3,578
down €3,578 (-59.6%), from €6,000 to €2,422
- Financial income +€492
up €492 (+4.5%), from €11,008 to €11,500
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 | €155,710 | €167,379 | +€11,669 | +7.5% |
| Fixed assets | 21/28 | €116,185 | €113,871 | -€2,314 | -2.0% |
| Tangible fixed assets | 22/27 | €3,471 | €1,157 | -€2,314 | -66.7% |
| Furniture and vehicles | 24 | €3,471 | €1,157 | -€2,314 | -66.7% |
| Financial fixed assets | 28 | €112,714 | €112,714 | = | 0.0% |
| Current assets | 29/58 | €39,525 | €53,508 | +€13,983 | +35.4% |
| Amounts receivable within one year | 40/41 | €4,822 | €7,083 | +€2,260 | +46.9% |
| Trade receivables | 40 | €4,822 | €5,003 | +€181 | +3.7% |
| Other amounts receivable | 41 | - | €2,079 | +€2,079 | |
| Cash at bank and in hand | 54/58 | €33,084 | €44,779 | +€11,695 | +35.3% |
| Deferred charges and accrued income | 490/1 | €1,619 | €1,646 | +€28 | +1.7% |
| Total equity and liabilities | 10/49 | €155,710 | €167,379 | +€11,669 | +7.5% |
| Equity | 10/15 | €64,883 | €41,109 | -€23,774 | -36.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,883 | €40,109 | -€23,774 | -37.2% |
| Distributable reserves | 133 | €63,883 | €40,109 | -€23,774 | -37.2% |
| Amounts payable | 17/49 | €90,828 | €126,270 | +€35,443 | +39.0% |
| Amounts payable after more than one year | 17 | €79,357 | €79,357 | = | 0.0% |
| Other amounts payable | 178/9 | €79,357 | €79,357 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,781 | €46,223 | +€35,443 | +329% |
| Trade debts | 44 | €2,890 | €3,036 | +€146 | +5.0% |
| Suppliers | 440/4 | €2,890 | €3,036 | +€146 | +5.0% |
| Taxes, remuneration and social security | 45 | €3,352 | €4,106 | +€754 | +22.5% |
| Taxes | 450/3 | €3,352 | €4,106 | +€754 | +22.5% |
| Other amounts payable | 47/48 | €4,538 | €39,081 | +€34,543 | +761% |
| Accrued charges and deferred income | 492/3 | €690 | €690 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,314 | €2,314 | = | 0.0% |
| Other operating charges | 640/8 | €907 | €933 | +€26 | +2.9% |
| Gross operating margin | 9900 | €23,582 | €9,735 | -€13,847 | -58.7% |
| Operating profit (loss) | 9901 | €20,361 | €6,488 | -€13,873 | -68.1% |
| Financial income | 75/76B | €11,008 | €11,500 | +€492 | +4.5% |
| Recurring financial income | 75 | €11,008 | €11,500 | +€492 | +4.5% |
| Financial charges | 65/66B | €737 | €742 | +€5 | +0.7% |
| Recurring financial charges | 65 | €737 | €742 | +€5 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €30,633 | €17,246 | -€13,387 | -43.7% |
| Income taxes | 67/77 | €6,000 | €2,422 | -€3,578 | -59.6% |
| Profit (loss) for the period | 9904 | €24,633 | €14,824 | -€9,809 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,633 | €14,824 | -€9,809 | -39.8% |
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 29 October 2026 via checked.be.