LE LIFTING: what changed
Two fiscal 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.
LE LIFTING
Largest movements
- Cash -€160,438
down €160,438 (-42.8%), from €375,288 to €214,851
mainly Deferred charges and accrued income (-€63,616) and Receivables within one year (-€41,607)
- Deferred charges and accrued income +€63,616
up €63,616 (+3236.9%), from €1,965 to €65,582
- Receivables within one year +€41,607
up €41,607 (+30.4%), from €137,008 to €178,615
of which Other amounts receivable: +€49,885
- Profit (loss) carried forward -€25,624
down €25,624 (-102.5%), from -€24,988 to -€50,611
- Other debts -€17,213
no longer reported in 2025 (was €17,213)
- Current portion of long-term debt -€9,261
no longer reported in 2025 (was €9,261)
- Debts after one year -€7,030
no longer reported in 2025 (was €7,030)
- Gross operating margin -€453,835
down €453,835, from €438,998 to -€14,837
- Depreciation -€27,642
down €27,642 (-69.2%), from €39,947 to €12,305
- Other operating charges -€4,591
down €4,591 (-76.6%), from €5,995 to €1,404
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 | €531,285 | €472,749 | -€58,536 | -11.0% |
| Fixed assets | 21/28 | €15,906 | €12,583 | -€3,323 | -20.9% |
| Tangible fixed assets | 22/27 | €15,906 | €12,583 | -€3,323 | -20.9% |
| Plant, machinery and equipment | 23 | - | €8,443 | +€8,443 | |
| Furniture and vehicles | 24 | €15,906 | €4,140 | -€11,766 | -74.0% |
| Current assets | 29/58 | €515,380 | €460,166 | -€55,214 | -10.7% |
| Stocks and contracts in progress | 3 | €1,118 | €1,118 | = | 0.0% |
| Stocks | 30/36 | €1,118 | €1,118 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €137,008 | €178,615 | +€41,607 | +30.4% |
| Trade receivables | 40 | €8,278 | - | -€8,278 | |
| Other amounts receivable | 41 | €128,730 | €178,615 | +€49,885 | +38.8% |
| Cash at bank and in hand | 54/58 | €375,288 | €214,851 | -€160,438 | -42.8% |
| Deferred charges and accrued income | 490/1 | €1,965 | €65,582 | +€63,616 | +3236.9% |
| Total equity and liabilities | 10/49 | €531,285 | €472,749 | -€58,536 | -11.0% |
| Equity | 10/15 | €40,465 | €14,842 | -€25,624 | -63.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €3,480 | €3,480 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,480 | €3,480 | = | 0.0% |
| Legal reserve | 130 | €3,480 | €3,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,988 | -€50,611 | -€25,624 | -102.5% |
| Provisions and deferred taxes | 16 | €445,000 | €445,000 | = | 0.0% |
| Deferred taxes | 168 | €445,000 | €445,000 | = | 0.0% |
| Amounts payable | 17/49 | €45,820 | €12,907 | -€32,913 | -71.8% |
| Amounts payable after more than one year | 17 | €7,030 | - | -€7,030 | |
| Financial debts | 170/4 | €7,030 | - | -€7,030 | |
| Amounts payable within one year | 42/48 | €38,790 | €12,907 | -€25,883 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €9,261 | - | -€9,261 | |
| Trade debts | 44 | €1,045 | €1,548 | +€503 | +48.2% |
| Suppliers | 440/4 | €1,045 | €1,548 | +€503 | +48.2% |
| Taxes, remuneration and social security | 45 | €11,272 | €11,359 | +€87 | +0.8% |
| Taxes | 450/3 | €11,272 | €11,359 | +€87 | +0.8% |
| Other amounts payable | 47/48 | €17,213 | - | -€17,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,947 | €12,305 | -€27,642 | -69.2% |
| Other operating charges | 640/8 | €5,995 | €1,404 | -€4,591 | -76.6% |
| Gross operating margin | 9900 | €438,998 | -€14,837 | -€453,835 | |
| Operating profit (loss) | 9901 | €393,056 | -€28,545 | -€421,601 | |
| Financial income | 75/76B | - | €3,585 | +€3,585 | |
| Recurring financial income | 75 | - | €3,585 | +€3,585 | |
| Financial charges | 65/66B | €1,617 | €371 | -€1,245 | -77.0% |
| Recurring financial charges | 65 | €1,617 | €371 | -€1,245 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €391,439 | -€25,332 | -€416,771 | |
| Transfer to deferred taxes | 680 | €445,000 | - | -€445,000 | |
| Income taxes | 67/77 | €2,950 | €292 | -€2,658 | -90.1% |
| Profit (loss) for the period | 9904 | -€56,511 | -€25,624 | +€30,887 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,511 | -€25,624 | +€30,887 | +54.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.