Linea Oro: 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 Oro
Largest movements
- Tangible fixed assets -€14,666
down €14,666 (-4.7%), from €311,480 to €296,814
of which Land and buildings: -€15,073
- Cash +€8,721
up €8,721 (+62.8%), from €13,879 to €22,599
mainly Depreciation (+€15,666) and Other debts (+€12,806)
- Debts after one year -€24,878
down €24,878 (-17.6%), from €141,487 to €116,609
- Other debts +€12,806
up €12,806 (+8.5%), from €150,697 to €163,503
- Trade debts +€5,366
up €5,366 (+17.5%), from €30,664 to €36,030
- Gross operating margin +€26,893
up €26,893 (+40.1%), from €67,135 to €94,027
- Financial charges -€3,205
down €3,205 (-24.0%), from €13,350 to €10,146
- Staff costs +€1,020
up €1,020 (+1.6%), from €65,073 to €66,093
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 | €446,370 | €444,286 | -€2,084 | -0.5% |
| Fixed assets | 21/28 | €311,480 | €296,814 | -€14,666 | -4.7% |
| Tangible fixed assets | 22/27 | €311,480 | €296,814 | -€14,666 | -4.7% |
| Land and buildings | 22 | €308,260 | €293,187 | -€15,073 | -4.9% |
| Plant, machinery and equipment | 23 | €2,271 | €2,089 | -€183 | -8.0% |
| Furniture and vehicles | 24 | €948 | €1,537 | +€589 | +62.2% |
| Current assets | 29/58 | €134,890 | €147,472 | +€12,582 | +9.3% |
| Stocks and contracts in progress | 3 | €112,426 | €113,576 | +€1,150 | +1.0% |
| Stocks | 30/36 | €112,426 | €113,576 | +€1,150 | +1.0% |
| Amounts receivable within one year | 40/41 | €8,182 | €8,380 | +€198 | +2.4% |
| Trade receivables | 40 | - | €198 | +€198 | |
| Other amounts receivable | 41 | €8,182 | €8,182 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,879 | €22,599 | +€8,721 | +62.8% |
| Deferred charges and accrued income | 490/1 | €403 | €2,917 | +€2,513 | +623% |
| Total equity and liabilities | 10/49 | €446,370 | €444,286 | -€2,084 | -0.5% |
| Equity | 10/15 | €76,750 | €78,601 | +€1,851 | +2.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,579 | €10,430 | +€1,851 | +21.6% |
| Amounts payable | 17/49 | €369,621 | €365,685 | -€3,935 | -1.1% |
| Amounts payable after more than one year | 17 | €141,487 | €116,609 | -€24,878 | -17.6% |
| Financial debts | 170/4 | €141,487 | €116,609 | -€24,878 | -17.6% |
| Amounts payable within one year | 42/48 | €228,134 | €249,076 | +€20,942 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €24,512 | €24,877 | +€365 | +1.5% |
| Trade debts | 44 | €30,664 | €36,030 | +€5,366 | +17.5% |
| Suppliers | 440/4 | €30,664 | €36,030 | +€5,366 | +17.5% |
| Taxes, remuneration and social security | 45 | €22,261 | €24,667 | +€2,406 | +10.8% |
| Taxes | 450/3 | €6,232 | €7,398 | +€1,166 | +18.7% |
| Remuneration and social security | 454/9 | €16,029 | €17,269 | +€1,240 | +7.7% |
| Other amounts payable | 47/48 | €150,697 | €163,503 | +€12,806 | +8.5% |
| Remuneration, social security and pensions | 62 | €65,073 | €66,093 | +€1,020 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,989 | €15,666 | -€322 | -2.0% |
| Other operating charges | 640/8 | €1,174 | €984 | -€190 | -16.2% |
| Gross operating margin | 9900 | €67,135 | €94,027 | +€26,893 | +40.1% |
| Operating profit (loss) | 9901 | -€15,101 | €11,284 | +€26,385 | |
| Financial income | 75/76B | €439 | €713 | +€274 | +62.6% |
| Recurring financial income | 75 | €439 | €713 | +€274 | +62.6% |
| Financial charges | 65/66B | €13,350 | €10,146 | -€3,205 | -24.0% |
| Recurring financial charges | 65 | €13,350 | €10,146 | -€3,205 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,013 | €1,851 | +€29,864 | |
| Profit (loss) for the period | 9904 | -€28,013 | €1,851 | +€29,864 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,013 | €1,851 | +€29,864 |
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 22 October 2026 via checked.be.