M-LINE: 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.
M-LINE
Largest movements
- Cash +€10,298
up €10,298 (+77.4%), from €13,298 to €23,596
mainly Depreciation (+€7,473) and Net result for the year (+€2,627)
- Tangible fixed assets -€7,160
down €7,160 (-27.2%), from €26,319 to €19,159
- Debts after one year -€5,099
down €5,099 (-32.0%), from €15,915 to €10,816
- Profit (loss) carried forward +€2,627
up €2,627, from -€1,383 to €1,245
- Other debts +€2,300
up €2,300 (+1,476%), from €156 to €2,456
- Tax, wage and social debts +€1,503
up €1,503 (+80.3%), from €1,872 to €3,375
- Trade debts +€1,176
up €1,176 (+1,691%), from €70 to €1,246
- Taxes +€2,616
up €2,616, from -€1,586 to €1,030
- Gross operating margin -€2,607
down €2,607 (-15.7%), from €16,638 to €14,030
- Other operating charges +€1,345
up €1,345 (+256%), from €525 to €1,869
- Financial charges -€361
down €361 (-25.9%), from €1,391 to €1,030
- Depreciation -€307
down €307 (-4.0%), from €7,780 to €7,473
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 | €40,064 | €42,837 | +€2,773 | +6.9% |
| Formation expenses | 20 | €313 | - | -€313 | |
| Fixed assets | 21/28 | €26,319 | €19,159 | -€7,160 | -27.2% |
| Tangible fixed assets | 22/27 | €26,319 | €19,159 | -€7,160 | -27.2% |
| Furniture and vehicles | 24 | €26,319 | €19,159 | -€7,160 | -27.2% |
| Current assets | 29/58 | €13,432 | €23,678 | +€10,246 | +76.3% |
| Amounts receivable within one year | 40/41 | - | €50 | +€50 | |
| Trade receivables | 40 | - | €50 | +€50 | |
| Cash at bank and in hand | 54/58 | €13,298 | €23,596 | +€10,298 | +77.4% |
| Deferred charges and accrued income | 490/1 | €134 | €32 | -€102 | -76.3% |
| Total equity and liabilities | 10/49 | €40,064 | €42,837 | +€2,773 | +6.9% |
| Equity | 10/15 | €17,217 | €19,845 | +€2,627 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,383 | €1,245 | +€2,627 | |
| Amounts payable | 17/49 | €22,847 | €22,992 | +€145 | +0.6% |
| Amounts payable after more than one year | 17 | €15,915 | €10,816 | -€5,099 | -32.0% |
| Financial debts | 170/4 | €15,915 | €10,816 | -€5,099 | -32.0% |
| Amounts payable within one year | 42/48 | €6,931 | €12,176 | +€5,245 | +75.7% |
| Current portion of amounts payable after more than one year | 42 | €4,834 | €5,099 | +€265 | +5.5% |
| Trade debts | 44 | €70 | €1,246 | +€1,176 | +1,691% |
| Suppliers | 440/4 | €70 | €1,246 | +€1,176 | +1,691% |
| Taxes, remuneration and social security | 45 | €1,872 | €3,375 | +€1,503 | +80.3% |
| Taxes | 450/3 | €1,872 | €3,375 | +€1,503 | +80.3% |
| Other amounts payable | 47/48 | €156 | €2,456 | +€2,300 | +1,476% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,780 | €7,473 | -€307 | -4.0% |
| Other operating charges | 640/8 | €525 | €1,869 | +€1,345 | +256% |
| Gross operating margin | 9900 | €16,638 | €14,030 | -€2,607 | -15.7% |
| Operating profit (loss) | 9901 | €8,332 | €4,688 | -€3,644 | -43.7% |
| Financial charges | 65/66B | €1,391 | €1,030 | -€361 | -25.9% |
| Recurring financial charges | 65 | €1,391 | €1,030 | -€361 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €6,941 | €3,658 | -€3,283 | -47.3% |
| Income taxes | 67/77 | -€1,586 | €1,030 | +€2,616 | |
| Profit (loss) for the period | 9904 | €8,527 | €2,627 | -€5,899 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,527 | €2,627 | -€5,899 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.