LINEA BALDININI: 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.
LINEA BALDININI
Largest movements
- Current investments +€1.5m
up €1.5m (+1,217%), from €120,000 to €1.6m
- Receivables within one year -€1.2m
down €1.2m (-98.3%), from €1.3m to €22,020
of which Other amounts receivable: -€1.2m
- Debts after one year +€162,854
up €162,854 (+27.8%), from €585,974 to €748,828
- Profit (loss) carried forward +€41,687
up €41,687 (+11.6%), from -€360,547 to -€318,860
- Financial charges +€28,702
up €28,702 (+1,334%), from €2,152 to €30,854
- Financial income +€13,289
up €13,289 (+99.4%), from €13,369 to €26,657
- Taxes -€1,946
down €1,946, from €522 to -€1,424
- Other operating charges -€810
down €810 (-6.6%), from €12,327 to €11,517
- Depreciation +€767
up €767 (+4.5%), from €16,958 to €17,725
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 | €1,714,901 | €1,922,179 | +€207,278 | +12.1% |
| Fixed assets | 21/28 | €314,923 | €303,525 | -€11,397 | -3.6% |
| Tangible fixed assets | 22/27 | €314,310 | €302,913 | -€11,397 | -3.6% |
| Land and buildings | 22 | €309,965 | €299,257 | -€10,708 | -3.5% |
| Plant, machinery and equipment | 23 | €3,699 | €3,257 | -€442 | -11.9% |
| Furniture and vehicles | 24 | €647 | €399 | -€248 | -38.3% |
| Financial fixed assets | 28 | €612 | €612 | = | 0.0% |
| Current assets | 29/58 | €1,399,979 | €1,618,654 | +€218,675 | +15.6% |
| Amounts receivable within one year | 40/41 | €1,268,352 | €22,020 | -€1.2m | -98.3% |
| Trade receivables | 40 | €14,458 | €13,310 | -€1,148 | -7.9% |
| Other amounts receivable | 41 | €1,253,894 | €8,710 | -€1.2m | -99.3% |
| Current investments | 50/53 | €120,000 | €1,580,000 | +€1.5m | +1,217% |
| Cash at bank and in hand | 54/58 | €7,554 | €12,332 | +€4,778 | +63.2% |
| Deferred charges and accrued income | 490/1 | €4,072 | €4,303 | +€230 | +5.6% |
| Total equity and liabilities | 10/49 | €1,714,901 | €1,922,179 | +€207,278 | +12.1% |
| Equity | 10/15 | €1,093,347 | €1,135,034 | +€41,687 | +3.8% |
| Contributions | 10/11 | €1,453,894 | €1,453,894 | = | 0.0% |
| Capital | 10 | €1,453,894 | €1,453,894 | = | 0.0% |
| Issued capital | 100 | €1,453,894 | €1,453,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€360,547 | -€318,860 | +€41,687 | +11.6% |
| Amounts payable | 17/49 | €621,554 | €787,145 | +€165,591 | +26.6% |
| Amounts payable after more than one year | 17 | €585,974 | €748,828 | +€162,854 | +27.8% |
| Financial debts | 170/4 | €585,974 | €748,828 | +€162,854 | +27.8% |
| Amounts payable within one year | 42/48 | €35,051 | €36,992 | +€1,941 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €11,937 | €12,069 | +€132 | +1.1% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €7,469 | €10,708 | +€3,239 | +43.4% |
| Suppliers | 440/4 | €7,469 | €10,708 | +€3,239 | +43.4% |
| Taxes, remuneration and social security | 45 | €3,461 | €1,045 | -€2,416 | -69.8% |
| Taxes | 450/3 | €3,461 | €1,045 | -€2,416 | -69.8% |
| Other amounts payable | 47/48 | €12,183 | €13,164 | +€981 | +8.1% |
| Accrued charges and deferred income | 492/3 | €530 | €1,325 | +€795 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,958 | €17,725 | +€767 | +4.5% |
| Other operating charges | 640/8 | €12,327 | €11,517 | -€810 | -6.6% |
| Gross operating margin | 9900 | €74,109 | €73,702 | -€407 | -0.5% |
| Operating profit (loss) | 9901 | €44,824 | €44,459 | -€365 | -0.8% |
| Financial income | 75/76B | €13,369 | €26,657 | +€13,289 | +99.4% |
| Recurring financial income | 75 | €13,369 | €26,657 | +€13,289 | +99.4% |
| Financial charges | 65/66B | €2,152 | €30,854 | +€28,702 | +1,334% |
| Recurring financial charges | 65 | €2,152 | €30,854 | +€28,702 | +1,334% |
| Profit (loss) for the period before taxes | 9903 | €56,041 | €40,263 | -€15,778 | -28.2% |
| Income taxes | 67/77 | €522 | -€1,424 | -€1,946 | |
| Profit (loss) for the period | 9904 | €55,519 | €41,687 | -€13,832 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,519 | €41,687 | -€13,832 | -24.9% |
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 19 October 2026 via checked.be.