Li Da: 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.
Li Da
Largest movements
- Tangible fixed assets -€9,002
down €9,002 (-85.4%), from €10,538 to €1,536
of which Leasing and similar rights: -€7,686
- Cash -€5,649
down €5,649 (-25.6%), from €22,096 to €16,447
mainly Net result for the year (-€6,881) and Current portion of long-term debt (-€6,490)
- Deferred charges and accrued income +€2,500
new in 2025: €2,500
- Profit (loss) carried forward -€6,881
down €6,881 (-28.7%), from -€23,981 to -€30,862
- Current portion of long-term debt -€6,490
no longer reported in 2025 (was €6,490)
- Other debts +€1,067
up €1,067 (+415%), from €257 to €1,323
- Trade debts +€568
up €568 (+26.4%), from €2,147 to €2,715
- Financial charges +€648
up €648 (+98.9%), from €656 to €1,304
of which Financial charges: +€499
- Gross operating margin +€486
up €486 (+10.6%), from €4,563 to €5,049
- Financial income +€408
up €408 (+8,055%), from €5 to €413
of which Non-recurring financial income: +€289
- Staff costs -€220
no longer reported in 2025 (was €220)
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.
Derived cash bridge
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 | €40,409 | €28,813 | -€11,596 | -28.7% |
| Fixed assets | 21/28 | €13,373 | €4,371 | -€9,002 | -67.3% |
| Tangible fixed assets | 22/27 | €10,538 | €1,536 | -€9,002 | -85.4% |
| Leasing and similar rights | 25 | €7,686 | - | -€7,686 | |
| Other tangible fixed assets | 26 | €2,852 | €1,536 | -€1,316 | -46.2% |
| Financial fixed assets | 28 | €2,835 | €2,835 | = | 0.0% |
| Current assets | 29/58 | €27,036 | €24,443 | -€2,593 | -9.6% |
| Stocks and contracts in progress | 3 | €4,261 | €4,533 | +€273 | +6.4% |
| Stocks | 30/36 | €4,261 | €4,533 | +€273 | +6.4% |
| Amounts receivable within one year | 40/41 | €679 | €962 | +€283 | +41.7% |
| Trade receivables | 40 | €668 | €955 | +€287 | +42.9% |
| Other amounts receivable | 41 | €11 | €8 | -€3 | -31.2% |
| Cash at bank and in hand | 54/58 | €22,096 | €16,447 | -€5,649 | -25.6% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €40,409 | €28,813 | -€11,596 | -28.7% |
| Equity | 10/15 | €31,376 | €24,495 | -€6,881 | -21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,157 | €49,157 | = | 0.0% |
| Distributable reserves | 133 | €49,157 | €49,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,981 | -€30,862 | -€6,881 | -28.7% |
| Amounts payable | 17/49 | €9,033 | €4,319 | -€4,715 | -52.2% |
| Amounts payable within one year | 42/48 | €9,033 | €4,319 | -€4,715 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €6,490 | - | -€6,490 | |
| Trade debts | 44 | €2,147 | €2,715 | +€568 | +26.4% |
| Suppliers | 440/4 | €2,147 | €2,715 | +€568 | +26.4% |
| Taxes, remuneration and social security | 45 | €140 | €280 | +€141 | +101% |
| Taxes | 450/3 | €140 | €280 | +€141 | +101% |
| Other amounts payable | 47/48 | €257 | €1,323 | +€1,067 | +415% |
| Remuneration, social security and pensions | 62 | €220 | - | -€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,002 | €9,002 | = | 0.0% |
| Other operating charges | 640/8 | €1,907 | €1,896 | -€11 | -0.6% |
| Gross operating margin | 9900 | €4,563 | €5,049 | +€486 | +10.6% |
| Operating profit (loss) | 9901 | -€6,565 | -€5,849 | +€716 | +10.9% |
| Financial income | 75/76B | €5 | €413 | +€408 | +8,055% |
| Recurring financial income | 75 | €5 | €124 | +€119 | +2,343% |
| Non-recurring financial income | 76B | - | €289 | +€289 | |
| Financial charges | 65/66B | €656 | €1,304 | +€648 | +98.9% |
| Recurring financial charges | 65 | €656 | €1,154 | +€499 | +76.1% |
| Non-recurring financial charges | 66B | - | €149 | +€149 | |
| Profit (loss) for the period before taxes | 9903 | -€7,216 | -€6,740 | +€476 | +6.6% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€7,356 | -€6,881 | +€475 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,356 | -€6,881 | +€475 | +6.5% |
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 21 October 2026 via checked.be.