THE HIGH 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.
THE HIGH LINE
Largest movements
- Receivables within one year +€52,312
up €52,312 (+256%), from €20,468 to €72,780
of which Trade receivables: +€52,312
- Receivables after one year +€50,000
new in 2025: €50,000
- Cash -€11,570
down €11,570 (-4.6%), from €253,127 to €241,557
mainly Receivables within one year (-€52,312) and Contributions, distributions and other (-€50,984)
- Tangible fixed assets -€8,156
down €8,156 (-17.7%), from €45,985 to €37,829
of which Furniture and vehicles: -€6,698
- Other debts +€50,764
up €50,764 (+558%), from €9,101 to €59,865
- Tax, wage and social debts +€25,118
up €25,118 (+277%), from €9,076 to €34,194
- Reserves +€10,000
up €10,000 (+7.6%), from €132,160 to €142,160
of which Distributable reserves: +€10,000
- Trade debts -€5,802
down €5,802 (-81.6%), from €7,109 to €1,307
- Gross operating margin +€27,384
up €27,384 (+40.0%), from €68,516 to €95,901
- Taxes +€9,291
up €9,291 (+61.1%), from €15,212 to €24,503
- Depreciation -€7,630
down €7,630 (-48.3%), from €15,786 to €8,156
From the 30-06-2025 result to the 31-12-2025 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 30-06-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 30-06-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €319,650 | €402,235 | +€82,586 | +25.8% |
| Fixed assets | 21/28 | €46,054 | €37,898 | -€8,156 | -17.7% |
| Tangible fixed assets | 22/27 | €45,985 | €37,829 | -€8,156 | -17.7% |
| Furniture and vehicles | 24 | €26,791 | €20,093 | -€6,698 | -25.0% |
| Other tangible fixed assets | 26 | €19,193 | €17,736 | -€1,458 | -7.6% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €273,595 | €364,337 | +€90,742 | +33.2% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €20,468 | €72,780 | +€52,312 | +256% |
| Trade receivables | 40 | €19,923 | €72,235 | +€52,312 | +263% |
| Other amounts receivable | 41 | €546 | €546 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €253,127 | €241,557 | -€11,570 | -4.6% |
| Total equity and liabilities | 10/49 | €319,650 | €402,235 | +€82,586 | +25.8% |
| Equity | 10/15 | €294,349 | €306,270 | +€11,921 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €132,160 | €142,160 | +€10,000 | +7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €130,300 | €140,300 | +€10,000 | +7.7% |
| Profit (loss) carried forward | 14 | €155,989 | €157,910 | +€1,921 | +1.2% |
| Amounts payable | 17/49 | €25,301 | €95,966 | +€70,665 | +279% |
| Amounts payable within one year | 42/48 | €25,286 | €95,366 | +€70,080 | +277% |
| Trade debts | 44 | €7,109 | €1,307 | -€5,802 | -81.6% |
| Suppliers | 440/4 | €7,109 | €1,307 | -€5,802 | -81.6% |
| Taxes, remuneration and social security | 45 | €9,076 | €34,194 | +€25,118 | +277% |
| Taxes | 450/3 | €9,076 | €34,194 | +€25,118 | +277% |
| Other amounts payable | 47/48 | €9,101 | €59,865 | +€50,764 | +558% |
| Accrued charges and deferred income | 492/3 | €15 | €600 | +€585 | +4,024% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,786 | €8,156 | -€7,630 | -48.3% |
| Other operating charges | 640/8 | €393 | €423 | +€30 | +7.6% |
| Gross operating margin | 9900 | €68,516 | €95,901 | +€27,384 | +40.0% |
| Operating profit (loss) | 9901 | €52,337 | €87,321 | +€34,984 | +66.8% |
| Financial income | 75/76B | €0 | €365 | +€364 | +182,195% |
| Recurring financial income | 75 | €0 | €365 | +€364 | +182,195% |
| Financial charges | 65/66B | €175 | €278 | +€103 | +59.0% |
| Recurring financial charges | 65 | €175 | €278 | +€103 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €52,163 | €87,408 | +€35,245 | +67.6% |
| Income taxes | 67/77 | €15,212 | €24,503 | +€9,291 | +61.1% |
| Profit (loss) for the period | 9904 | €36,951 | €62,905 | +€25,954 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,951 | €62,905 | +€25,954 | +70.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.