LI-AN: 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.
LI-AN
Largest movements
- Receivables within one year -€63,634
down €63,634 (-26.8%), from €237,039 to €173,405
of which Other amounts receivable: -€40,795
- Deferred charges and accrued income +€20,943
up €20,943 (+744.7%), from €2,812 to €23,755
- Cash +€18,787
up €18,787 (+146.0%), from €12,864 to €31,652
mainly Receivables within one year (+€63,634) and Net result for the year (+€22,210)
- Tangible fixed assets -€4,835
down €4,835 (-4.4%), from €111,007 to €106,172
of which Plant, machinery and equipment: -€4,729
- Debts after one year -€30,930
down €30,930 (-36.0%), from €85,930 to €55,000
- Reserves +€22,210
up €22,210 (+18.0%), from €123,680 to €145,891
- Other debts -€13,135
down €13,135 (-95.3%), from €13,785 to €650
- Current portion of long-term debt -€4,871
down €4,871 (-15.8%), from €30,801 to €25,930
- Depreciation -€7,101
down €7,101 (-59.5%), from €11,936 to €4,835
- Gross operating margin -€4,552
down €4,552 (-9.4%), from €48,226 to €43,675
- Financial income -€4,313
down €4,313 (-99.6%), from €4,333 to €19
- Financial charges -€1,396
down €1,396 (-25.9%), from €5,382 to €3,986
- Taxes +€578
up €578 (+5.9%), from €9,804 to €10,382
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 | €366,962 | €338,224 | -€28,738 | -7.8% |
| Fixed assets | 21/28 | €114,247 | €109,412 | -€4,835 | -4.2% |
| Tangible fixed assets | 22/27 | €111,007 | €106,172 | -€4,835 | -4.4% |
| Land and buildings | 22 | €74,155 | €74,050 | -€105 | -0.1% |
| Plant, machinery and equipment | 23 | €36,852 | €32,122 | -€4,729 | -12.8% |
| Financial fixed assets | 28 | €3,240 | €3,240 | = | 0.0% |
| Current assets | 29/58 | €252,715 | €228,812 | -€23,903 | -9.5% |
| Amounts receivable within one year | 40/41 | €237,039 | €173,405 | -€63,634 | -26.8% |
| Trade receivables | 40 | €22,839 | - | -€22,839 | |
| Other amounts receivable | 41 | €214,200 | €173,405 | -€40,795 | -19.0% |
| Cash at bank and in hand | 54/58 | €12,864 | €31,652 | +€18,787 | +146.0% |
| Deferred charges and accrued income | 490/1 | €2,812 | €23,755 | +€20,943 | +744.7% |
| Total equity and liabilities | 10/49 | €366,962 | €338,224 | -€28,738 | -7.8% |
| Equity | 10/15 | €230,058 | €252,268 | +€22,210 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,680 | €145,891 | +€22,210 | +18.0% |
| Distributable reserves | 133 | €123,680 | €145,891 | +€22,210 | +18.0% |
| Profit (loss) carried forward | 14 | €87,777 | €87,777 | = | 0.0% |
| Amounts payable | 17/49 | €136,904 | €85,956 | -€50,948 | -37.2% |
| Amounts payable after more than one year | 17 | €85,930 | €55,000 | -€30,930 | -36.0% |
| Financial debts | 170/4 | €85,930 | €55,000 | -€30,930 | -36.0% |
| Amounts payable within one year | 42/48 | €50,587 | €30,956 | -€19,631 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €30,801 | €25,930 | -€4,871 | -15.8% |
| Taxes, remuneration and social security | 45 | €6,001 | €4,376 | -€1,625 | -27.1% |
| Taxes | 450/3 | €6,001 | €4,376 | -€1,625 | -27.1% |
| Other amounts payable | 47/48 | €13,785 | €650 | -€13,135 | -95.3% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,936 | €4,835 | -€7,101 | -59.5% |
| Other operating charges | 640/8 | €2,624 | €2,281 | -€343 | -13.1% |
| Gross operating margin | 9900 | €48,226 | €43,675 | -€4,552 | -9.4% |
| Operating profit (loss) | 9901 | €33,667 | €36,559 | +€2,892 | +8.6% |
| Financial income | 75/76B | €4,333 | €19 | -€4,313 | -99.6% |
| Recurring financial income | 75 | €4,333 | €19 | -€4,313 | -99.6% |
| Financial charges | 65/66B | €5,382 | €3,986 | -€1,396 | -25.9% |
| Recurring financial charges | 65 | €5,382 | €3,986 | -€1,396 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €32,617 | €32,592 | -€25 | -0.1% |
| Income taxes | 67/77 | €9,804 | €10,382 | +€578 | +5.9% |
| Profit (loss) for the period | 9904 | €22,814 | €22,210 | -€603 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,814 | €22,210 | -€603 | -2.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.