LE LITHERER: 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.
LE LITHERER
Largest movements
- Cash -€71,476
down €71,476 (-74.4%), from €96,114 to €24,638
mainly Investment in fixed assets (net) (-€97,808) and Stocks and contracts (-€49,418)
- Tangible fixed assets +€69,524
up €69,524 (+54.8%), from €126,881 to €196,405
of which Land and buildings: +€72,568
- Stocks and contracts +€49,418
up €49,418 (+18.3%), from €269,713 to €319,131
- Profit (loss) carried forward +€28,265
up €28,265 (+34.6%), from €81,752 to €110,017
- Trade debts +€16,820
up €16,820 (+38.5%), from €43,721 to €60,541
- Reserves +€10,000
up €10,000 (+23.3%), from €43,000 to €53,000
- Debts after one year -€7,994
down €7,994 (-5.4%), from €148,012 to €140,018
- Current portion of long-term debt +€6,441
up €6,441 (+27.4%), from €23,494 to €29,935
- Gross operating margin +€39,533
up €39,533 (+19.5%), from €203,034 to €242,567
- Depreciation +€11,580
up €11,580 (+69.3%), from €16,704 to €28,284
- Taxes +€8,809
up €8,809 (+208%), from €4,245 to €13,054
- Other operating charges -€5,730
down €5,730 (-46.1%), from €12,428 to €6,698
- Financial charges +€5,016
up €5,016 (+67.3%), from €7,454 to €12,470
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €499,459 | €550,532 | +€51,073 | +10.2% |
| Fixed assets | 21/28 | €126,966 | €196,490 | +€69,524 | +54.8% |
| Tangible fixed assets | 22/27 | €126,881 | €196,405 | +€69,524 | +54.8% |
| Land and buildings | 22 | €32,513 | €105,081 | +€72,568 | +223% |
| Plant, machinery and equipment | 23 | €6,962 | €19,902 | +€12,940 | +186% |
| Furniture and vehicles | 24 | €52,130 | €42,869 | -€9,261 | -17.8% |
| Other tangible fixed assets | 26 | €35,276 | €28,553 | -€6,723 | -19.1% |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €372,493 | €354,042 | -€18,451 | -5.0% |
| Stocks and contracts in progress | 3 | €269,713 | €319,131 | +€49,418 | +18.3% |
| Stocks | 30/36 | €269,713 | €319,131 | +€49,418 | +18.3% |
| Amounts receivable within one year | 40/41 | €6,086 | €9,657 | +€3,571 | +58.7% |
| Trade receivables | 40 | €6,086 | €3,252 | -€2,834 | -46.6% |
| Other amounts receivable | 41 | - | €6,405 | +€6,405 | |
| Cash at bank and in hand | 54/58 | €96,114 | €24,638 | -€71,476 | -74.4% |
| Deferred charges and accrued income | 490/1 | €580 | €616 | +€37 | +6.4% |
| Total equity and liabilities | 10/49 | €499,459 | €550,532 | +€51,073 | +10.2% |
| Equity | 10/15 | €239,700 | €277,965 | +€38,265 | +16.0% |
| Contributions | 10/11 | €114,948 | €114,948 | = | 0.0% |
| Reserves | 13 | €43,000 | €53,000 | +€10,000 | +23.3% |
| Distributable reserves | 133 | €43,000 | €53,000 | +€10,000 | +23.3% |
| Profit (loss) carried forward | 14 | €81,752 | €110,017 | +€28,265 | +34.6% |
| Amounts payable | 17/49 | €259,759 | €272,567 | +€12,808 | +4.9% |
| Amounts payable after more than one year | 17 | €148,012 | €140,018 | -€7,994 | -5.4% |
| Financial debts | 170/4 | €148,012 | €140,018 | -€7,994 | -5.4% |
| Amounts payable within one year | 42/48 | €111,747 | €132,549 | +€20,802 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €23,494 | €29,935 | +€6,441 | +27.4% |
| Trade debts | 44 | €43,721 | €60,541 | +€16,820 | +38.5% |
| Suppliers | 440/4 | €43,721 | €60,541 | +€16,820 | +38.5% |
| Taxes, remuneration and social security | 45 | €39,590 | €41,740 | +€2,150 | +5.4% |
| Taxes | 450/3 | €18,149 | €16,171 | -€1,977 | -10.9% |
| Remuneration and social security | 454/9 | €21,442 | €25,569 | +€4,127 | +19.2% |
| Other amounts payable | 47/48 | €4,941 | €333 | -€4,608 | -93.3% |
| Remuneration, social security and pensions | 62 | €148,924 | €144,576 | -€4,348 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,704 | €28,284 | +€11,580 | +69.3% |
| Other operating charges | 640/8 | €12,428 | €6,698 | -€5,730 | -46.1% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €203,034 | €242,567 | +€39,533 | +19.5% |
| Operating profit (loss) | 9901 | €24,878 | €63,010 | +€38,131 | +153% |
| Financial income | 75/76B | €1,462 | €780 | -€683 | -46.7% |
| Recurring financial income | 75 | €1,462 | €780 | -€683 | -46.7% |
| Financial charges | 65/66B | €7,454 | €12,470 | +€5,016 | +67.3% |
| Recurring financial charges | 65 | €7,454 | €12,470 | +€5,016 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €18,887 | €51,319 | +€32,432 | +172% |
| Income taxes | 67/77 | €4,245 | €13,054 | +€8,809 | +208% |
| Profit (loss) for the period | 9904 | €14,642 | €38,265 | +€23,623 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €14,642 | €38,265 | +€23,623 | +161% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.