L.I.O.N.: what changed
What changed
L.I.O.N.
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€653,606
2024 · €364,108+€289,498
Equity
€19.0m
2024 · €18.3m+€653,606
Cash
€306,506
2024 · €91,689+€214,817
Balance sheet total
€42.3m
2024 · €44.2m-€1.9m
Largest movements
Assets
- Receivables within one year -€1.8m
down €1.8m (-20.6%), from €8.7m to €6.9m
of which Other amounts receivable: -€948,172
Equity and liabilities
- Other debts -€2.0m
down €2.0m (-10.1%), from €19.6m to €17.6m
- Reserves +€653,606
up €653,606 (+4.6%), from €14.2m to €14.8m
of which Distributable reserves: +€653,606
- Trade debts -€629,090
down €629,090 (-17.3%), from €3.6m to €3.0m
Income statement
- Turnover +€1.4m
up €1.4m (+11.5%), from €11.9m to €13.3m
- Goods and materials +€858,304
up €858,304 (+9.0%), from €9.5m to €10.4m
of which Change in stocks: decrease (increase): +€526,608
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€364,108
Turnover
+€1.4m
Other operating income
-€4,566
Goods and materials
-€858,304
Services and other goods
-€58,102
Staff costs
-€106,382
Depreciation
-€5,882
Write-downs
-€20,141
Other operating charges
+€1,903
Other operating items
+€1,707
Financial income
-€10,414
Financial charges
+€50,129
Taxes
-€75,748
Result 2025
€653,606
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€303,816
Investment
-€88,999
Financing
€0
Cash 2024
€91,689
From operations (derived)
+€303,816
Net result for the year
+€653,606
Depreciation
+€29,164
Stocks and contracts
+€372,349
Receivables within one year
+€1.8m
Deferred charges and accrued income
-€2,003
Trade debts
-€629,090
Tax, wage and social debts
+€68,747
Other debts
-€2.0m
Investment (derived)
-€88,999
Investment in fixed assets (net)
-€88,999
Cash 2025
€306,506
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,228,065 | €42,334,526 | -€1.9m | -4.3% |
| Fixed assets | 21/28 | €34,300,517 | €34,360,353 | +€59,835 | +0.2% |
| Intangible fixed assets | 21 | €22,075 | €15,393 | -€6,682 | -30.3% |
| Tangible fixed assets | 22/27 | €30,613 | €67,330 | +€36,717 | +120% |
| Land and buildings | 22 | €1,646 | €6,436 | +€4,790 | +291% |
| Plant, machinery and equipment | 23 | €28,712 | €41,898 | +€13,186 | +45.9% |
| Furniture and vehicles | 24 | €255 | €8,051 | +€7,796 | +3,053% |
| Assets under construction and advance payments | 27 | - | €10,945 | +€10,945 | |
| Financial fixed assets | 28 | €34,247,830 | €34,277,630 | +€29,800 | +0.1% |
| Affiliated companies | 280/1 | €34,246,306 | €34,276,106 | +€29,800 | +0.1% |
| Participating interests | 280 | €34,246,306 | €34,276,106 | +€29,800 | +0.1% |
| Other financial fixed assets | 284/8 | €1,524 | €1,524 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,524 | €1,524 | = | 0.0% |
| Current assets | 29/58 | €9,927,548 | €7,974,173 | -€2.0m | -19.7% |
| Stocks and contracts in progress | 3 | €1,105,361 | €733,012 | -€372,349 | -33.7% |
| Stocks | 30/36 | €1,105,361 | €733,012 | -€372,349 | -33.7% |
| Goods purchased for resale | 34 | €1,105,361 | €733,012 | -€372,349 | -33.7% |
| Amounts receivable within one year | 40/41 | €8,730,498 | €6,932,652 | -€1.8m | -20.6% |
| Trade receivables | 40 | €3,085,005 | €2,235,332 | -€849,673 | -27.5% |
| Other amounts receivable | 41 | €5,645,493 | €4,697,320 | -€948,172 | -16.8% |
| Cash at bank and in hand | 54/58 | €91,689 | €306,506 | +€214,817 | +234% |
| Deferred charges and accrued income | 490/1 | - | €2,003 | +€2,003 | |
| Total equity and liabilities | 10/49 | €44,228,065 | €42,334,526 | -€1.9m | -4.3% |
| Equity | 10/15 | €18,301,234 | €18,954,840 | +€653,606 | +3.6% |
| Contributions | 10/11 | €505,470 | €505,470 | = | 0.0% |
| Capital | 10 | €505,470 | €505,470 | = | 0.0% |
| Issued capital | 100 | €505,470 | €505,470 | = | 0.0% |
| Revaluation surpluses | 12 | €3,606,204 | €3,606,204 | = | 0.0% |
| Reserves | 13 | €14,189,560 | €14,843,166 | +€653,606 | +4.6% |
| Non-distributable reserves | 130/1 | €50,547 | €50,547 | = | 0.0% |
| Legal reserve | 130 | €50,547 | €50,547 | = | 0.0% |
| Distributable reserves | 133 | €14,139,013 | €14,792,619 | +€653,606 | +4.6% |
| Amounts payable | 17/49 | €25,926,831 | €23,379,686 | -€2.5m | -9.8% |
| Amounts payable within one year | 42/48 | €25,926,831 | €23,379,686 | -€2.5m | -9.8% |
| Financial debts | 43 | €2,509,000 | €2,509,000 | = | 0.0% |
| Other loans | 439 | €2,509,000 | €2,509,000 | = | 0.0% |
| Trade debts | 44 | €3,627,996 | €2,998,906 | -€629,090 | -17.3% |
| Suppliers | 440/4 | €3,627,996 | €2,998,906 | -€629,090 | -17.3% |
| Taxes, remuneration and social security | 45 | €198,911 | €267,658 | +€68,747 | +34.6% |
| Taxes | 450/3 | €175,799 | €231,991 | +€56,192 | +32.0% |
| Remuneration and social security | 454/9 | €23,112 | €35,667 | +€12,555 | +54.3% |
| Other amounts payable | 47/48 | €19,590,924 | €17,604,122 | -€2.0m | -10.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €11,935,550 | €13,307,689 | +€1.4m | +11.5% |
| Turnover | 70 | €11,929,237 | €13,304,535 | +€1.4m | +11.5% |
| Other operating income | 74 | €6,314 | €1,748 | -€4,566 | -72.3% |
| Non-recurring operating income | 76A | - | €1,406 | +€1,406 | |
| Operating charges | 60/66A | €11,158,376 | €12,204,983 | +€1.0m | +9.4% |
| Goods for resale, raw materials and consumables | 60 | €9,543,260 | €10,401,564 | +€858,304 | +9.0% |
| Purchases | 600/8 | €9,701,589 | €10,033,285 | +€331,696 | +3.4% |
| Change in stocks: decrease (increase) | 609 | -€158,328 | €368,279 | +€526,608 | |
| Services and other goods | 61 | €1,471,114 | €1,529,216 | +€58,102 | +3.9% |
| Remuneration, social security and pensions | 62 | €132,729 | €239,111 | +€106,382 | +80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,282 | €29,164 | +€5,882 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,072 | €4,070 | +€20,141 | |
| Other operating charges | 640/8 | €3,762 | €1,859 | -€1,903 | -50.6% |
| Non-recurring operating charges | 66A | €301 | €0 | -€301 | -100% |
| Operating profit (loss) | 9901 | €777,175 | €1,102,706 | +€325,531 | +41.9% |
| Financial income | 75/76B | €83,656 | €73,242 | -€10,414 | -12.4% |
| Recurring financial income | 75 | €83,656 | €73,242 | -€10,414 | -12.4% |
| Income from current assets | 751 | €83,656 | €72,917 | -€10,739 | -12.8% |
| Other financial income | 752/9 | €0 | €325 | +€325 | |
| Financial charges | 65/66B | €346,449 | €296,320 | -€50,129 | -14.5% |
| Recurring financial charges | 65 | €346,449 | €296,320 | -€50,129 | -14.5% |
| Debt charges | 650 | €296,350 | €292,190 | -€4,160 | -1.4% |
| Other financial charges | 652/9 | €50,099 | €4,130 | -€45,969 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | €514,382 | €879,628 | +€365,246 | +71.0% |
| Income taxes | 67/77 | €150,274 | €226,022 | +€75,748 | +50.4% |
| Taxes | 670/3 | €150,274 | €226,022 | +€75,748 | +50.4% |
| Profit (loss) for the period | 9904 | €364,108 | €653,606 | +€289,498 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €364,108 | €653,606 | +€289,498 | +79.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.