LINEA RECTA: what changed
Two fiscal 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 RECTA
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€31,334
up €31,334 (+151.8%), from €20,648 to €51,982
mainly Current investments (+€50,000) and Depreciation (+€24,113)
- Tangible fixed assets -€24,113
down €24,113 (-6.5%), from €370,696 to €346,582
- Profit (loss) carried forward -€17,081
down €17,081 (-92.6%), from -€18,440 to -€35,521
- Debts after one year -€12,034
down €12,034 (-12.0%), from €100,170 to €88,135
- Other debts -€8,648
down €8,648 (-4.4%), from €198,781 to €190,133
- Financial income -€77,281
down €77,281 (-98.9%), from €78,165 to €883
of which Non-recurring financial income: -€77,400
- Gross operating margin -€15,061
down €15,061 (-59.3%), from €25,398 to €10,337
- Other operating charges -€11,434
down €11,434 (-84.5%), from €13,533 to €2,099
- Depreciation -€1,285
down €1,285 (-5.1%), from €25,398 to €24,113
- Financial charges -€263
down €263 (-11.2%), from €2,352 to €2,089
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 | €442,821 | €400,199 | -€42,622 | -9.6% |
| Fixed assets | 21/28 | €370,944 | €346,830 | -€24,113 | -6.5% |
| Tangible fixed assets | 22/27 | €370,696 | €346,582 | -€24,113 | -6.5% |
| Land and buildings | 22 | €370,696 | €346,582 | -€24,113 | -6.5% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €71,878 | €53,369 | -€18,509 | -25.8% |
| Amounts receivable within one year | 40/41 | - | €482 | +€482 | |
| Other amounts receivable | 41 | - | €482 | +€482 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €20,648 | €51,982 | +€31,334 | +151.8% |
| Deferred charges and accrued income | 490/1 | €1,230 | €905 | -€325 | -26.4% |
| Total equity and liabilities | 10/49 | €442,821 | €400,199 | -€42,622 | -9.6% |
| Equity | 10/15 | €125,897 | €108,816 | -€17,081 | -13.6% |
| Contributions | 10/11 | €143,600 | €143,600 | = | 0.0% |
| Reserves | 13 | €737 | €737 | = | 0.0% |
| Distributable reserves | 133 | €737 | €737 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,440 | -€35,521 | -€17,081 | -92.6% |
| Amounts payable | 17/49 | €316,924 | €291,383 | -€25,542 | -8.1% |
| Amounts payable after more than one year | 17 | €100,170 | €88,135 | -€12,034 | -12.0% |
| Financial debts | 170/4 | €100,170 | €88,135 | -€12,034 | -12.0% |
| Amounts payable within one year | 42/48 | €214,005 | €203,247 | -€10,757 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €13,732 | €12,034 | -€1,697 | -12.4% |
| Trade debts | 44 | €1,492 | €1,080 | -€412 | -27.6% |
| Suppliers | 440/4 | €1,492 | €1,080 | -€412 | -27.6% |
| Other amounts payable | 47/48 | €198,781 | €190,133 | -€8,648 | -4.4% |
| Accrued charges and deferred income | 492/3 | €2,750 | - | -€2,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,398 | €24,113 | -€1,285 | -5.1% |
| Other operating charges | 640/8 | €13,533 | €2,099 | -€11,434 | -84.5% |
| Gross operating margin | 9900 | €25,398 | €10,337 | -€15,061 | -59.3% |
| Operating profit (loss) | 9901 | -€13,533 | -€15,875 | -€2,342 | -17.3% |
| Financial income | 75/76B | €78,165 | €883 | -€77,281 | -98.9% |
| Recurring financial income | 75 | €765 | €883 | +€119 | +15.5% |
| Non-recurring financial income | 76B | €77,400 | - | -€77,400 | |
| Financial charges | 65/66B | €2,352 | €2,089 | -€263 | -11.2% |
| Recurring financial charges | 65 | €2,352 | €2,089 | -€263 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €62,280 | -€17,081 | -€79,360 | |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | €62,275 | -€17,081 | -€79,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,275 | -€17,081 | -€79,356 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.