LINEA VERDE: 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 VERDE
Largest movements
- Deferred charges and accrued income -€67,416
down €67,416 (-16.8%), from €402,216 to €334,800
- Receivables within one year -€42,525
down €42,525 (-13.7%), from €310,746 to €268,221
of which Other amounts receivable: -€146,433
- Cash -€25,741
down €25,741 (-32.8%), from €78,464 to €52,723
mainly Short-term financial debts (-€95,000) and Net result for the year (-€77,602)
- Trade debts +€152,426
up €152,426 (+87.3%), from €174,619 to €327,045
- Short-term financial debts -€95,000
down €95,000 (-16.5%), from €575,000 to €480,000
- Profit (loss) carried forward -€77,602
down €77,602 (-239%), from -€32,450 to -€110,052
- Accrued charges and deferred income -€75,068
down €75,068 (-41.0%), from €183,059 to €107,991
- Debts after one year -€28,235
down €28,235 (-27.9%), from €101,045 to €72,810
- Staff costs -€101,717
down €101,717 (-31.4%), from €324,240 to €222,523
- Gross operating margin -€40,559
down €40,559 (-12.6%), from €322,178 to €281,619
- Financial charges +€13,394
up €13,394 (+22.9%), from €58,438 to €71,832
- Other operating charges -€6,361
down €6,361 (-22.8%), from €27,867 to €21,506
- Financial income -€5,334
down €5,334 (-93.1%), from €5,731 to €397
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 | €1,303,312 | €1,155,580 | -€147,732 | -11.3% |
| Fixed assets | 21/28 | €489,249 | €482,314 | -€6,935 | -1.4% |
| Intangible fixed assets | 21 | €35 | - | -€35 | |
| Tangible fixed assets | 22/27 | €468,247 | €461,948 | -€6,299 | -1.3% |
| Land and buildings | 22 | €422,061 | €411,816 | -€10,245 | -2.4% |
| Furniture and vehicles | 24 | €13,010 | €2,428 | -€10,582 | -81.3% |
| Other tangible fixed assets | 26 | €33,176 | €47,704 | +€14,528 | +43.8% |
| Financial fixed assets | 28 | €20,967 | €20,366 | -€601 | -2.9% |
| Current assets | 29/58 | €814,063 | €673,266 | -€140,797 | -17.3% |
| Stocks and contracts in progress | 3 | €22,637 | €17,522 | -€5,115 | -22.6% |
| Stocks | 30/36 | €22,637 | €17,522 | -€5,115 | -22.6% |
| Amounts receivable within one year | 40/41 | €310,746 | €268,221 | -€42,525 | -13.7% |
| Trade receivables | 40 | €159,243 | €263,151 | +€103,908 | +65.3% |
| Other amounts receivable | 41 | €151,503 | €5,070 | -€146,433 | -96.7% |
| Cash at bank and in hand | 54/58 | €78,464 | €52,723 | -€25,741 | -32.8% |
| Deferred charges and accrued income | 490/1 | €402,216 | €334,800 | -€67,416 | -16.8% |
| Total equity and liabilities | 10/49 | €1,303,312 | €1,155,580 | -€147,732 | -11.3% |
| Equity | 10/15 | €171,420 | €93,818 | -€77,602 | -45.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €141,870 | €141,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,670 | €40,670 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,450 | -€110,052 | -€77,602 | -239% |
| Amounts payable | 17/49 | €1,131,892 | €1,061,762 | -€70,130 | -6.2% |
| Amounts payable after more than one year | 17 | €101,045 | €72,810 | -€28,235 | -27.9% |
| Financial debts | 170/4 | €101,045 | €72,810 | -€28,235 | -27.9% |
| Amounts payable within one year | 42/48 | €847,788 | €880,961 | +€33,173 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €28,537 | €28,570 | +€33 | +0.1% |
| Financial debts | 43 | €575,000 | €480,000 | -€95,000 | -16.5% |
| Credit institutions | 430/8 | €575,000 | €480,000 | -€95,000 | -16.5% |
| Trade debts | 44 | €174,619 | €327,045 | +€152,426 | +87.3% |
| Suppliers | 440/4 | €174,619 | €327,045 | +€152,426 | +87.3% |
| Taxes, remuneration and social security | 45 | €69,632 | €45,346 | -€24,286 | -34.9% |
| Taxes | 450/3 | €28,013 | €17,146 | -€10,867 | -38.8% |
| Remuneration and social security | 454/9 | €41,619 | €28,200 | -€13,419 | -32.2% |
| Accrued charges and deferred income | 492/3 | €183,059 | €107,991 | -€75,068 | -41.0% |
| Remuneration, social security and pensions | 62 | €324,240 | €222,523 | -€101,717 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,810 | €40,797 | -€3,013 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,608 | +€2,608 | |
| Other operating charges | 640/8 | €27,867 | €21,506 | -€6,361 | -22.8% |
| Non-recurring operating charges | 66A | -€441 | - | +€441 | |
| Gross operating margin | 9900 | €322,178 | €281,619 | -€40,559 | -12.6% |
| Operating profit (loss) | 9901 | -€73,298 | -€5,815 | +€67,483 | +92.1% |
| Financial income | 75/76B | €5,731 | €397 | -€5,334 | -93.1% |
| Recurring financial income | 75 | €5,731 | €397 | -€5,334 | -93.1% |
| Financial charges | 65/66B | €58,438 | €71,832 | +€13,394 | +22.9% |
| Recurring financial charges | 65 | €58,438 | €71,832 | +€13,394 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | -€126,005 | -€77,250 | +€48,755 | +38.7% |
| Income taxes | 67/77 | €349 | €352 | +€3 | +0.9% |
| Profit (loss) for the period | 9904 | -€126,354 | -€77,602 | +€48,752 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,354 | -€77,602 | +€48,752 | +38.6% |
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 17 October 2026 via checked.be.