The Liner: 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 Liner
Largest movements
- Tangible fixed assets -€6,181
down €6,181 (-20.4%), from €30,250 to €24,069
of which Other tangible fixed assets: -€5,515
- Receivables within one year +€2,955
new in 2025: €2,955
- Cash -€1,703
down €1,703 (-12.3%), from €13,830 to €12,127
mainly Other debts (-€8,852) and Receivables within one year (-€2,955)
- Stocks and contracts +€1,167
up €1,167 (+38.3%), from €3,050 to €4,217
- Other debts -€8,852
down €8,852 (-99.4%), from €8,905 to €53
- Trade debts +€2,657
up €2,657 (+2919.8%), from €91 to €2,748
- Tax, wage and social debts +€1,735
up €1,735 (+15.9%), from €10,935 to €12,670
- Gross operating margin -€16,105
down €16,105 (-65.8%), from €24,490 to €8,385
- Taxes -€4,153
down €4,153 (-79.6%), from €5,219 to €1,066
- Other operating charges +€305
up €305 (+59.5%), from €513 to €818
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 | €58,131 | €53,826 | -€4,305 | -7.4% |
| Fixed assets | 21/28 | €30,250 | €24,069 | -€6,181 | -20.4% |
| Tangible fixed assets | 22/27 | €30,250 | €24,069 | -€6,181 | -20.4% |
| Furniture and vehicles | 24 | €1,815 | €1,149 | -€666 | -36.7% |
| Other tangible fixed assets | 26 | €28,435 | €22,920 | -€5,515 | -19.4% |
| Current assets | 29/58 | €27,881 | €29,757 | +€1,876 | +6.7% |
| Stocks and contracts in progress | 3 | €3,050 | €4,217 | +€1,167 | +38.3% |
| Stocks | 30/36 | €3,050 | €4,217 | +€1,167 | +38.3% |
| Amounts receivable within one year | 40/41 | - | €2,955 | +€2,955 | |
| Trade receivables | 40 | - | €2,955 | +€2,955 | |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,830 | €12,127 | -€1,703 | -12.3% |
| Deferred charges and accrued income | 490/1 | €1,001 | €458 | -€543 | -54.2% |
| Total equity and liabilities | 10/49 | €58,131 | €53,826 | -€4,305 | -7.4% |
| Equity | 10/15 | €38,200 | €38,355 | +€155 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,000 | €32,155 | +€155 | +0.5% |
| Distributable reserves | 133 | €32,000 | €32,155 | +€155 | +0.5% |
| Amounts payable | 17/49 | €19,931 | €15,471 | -€4,460 | -22.4% |
| Amounts payable within one year | 42/48 | €19,931 | €15,471 | -€4,460 | -22.4% |
| Trade debts | 44 | €91 | €2,748 | +€2,657 | +2919.8% |
| Suppliers | 440/4 | €91 | €2,748 | +€2,657 | +2919.8% |
| Taxes, remuneration and social security | 45 | €10,935 | €12,670 | +€1,735 | +15.9% |
| Taxes | 450/3 | €10,935 | €12,670 | +€1,735 | +15.9% |
| Other amounts payable | 47/48 | €8,905 | €53 | -€8,852 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,173 | €6,181 | +€8 | +0.1% |
| Other operating charges | 640/8 | €513 | €818 | +€305 | +59.5% |
| Gross operating margin | 9900 | €24,490 | €8,385 | -€16,105 | -65.8% |
| Operating profit (loss) | 9901 | €17,804 | €1,386 | -€16,418 | -92.2% |
| Financial income | 75/76B | €55 | €75 | +€20 | +36.4% |
| Recurring financial income | 75 | €55 | €75 | +€20 | +36.4% |
| Financial charges | 65/66B | €326 | €240 | -€86 | -26.4% |
| Recurring financial charges | 65 | €326 | €240 | -€86 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €17,533 | €1,221 | -€16,312 | -93.0% |
| Income taxes | 67/77 | €5,219 | €1,066 | -€4,153 | -79.6% |
| Profit (loss) for the period | 9904 | €12,314 | €155 | -€12,159 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,314 | €155 | -€12,159 | -98.7% |
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 12 October 2026 via checked.be.