LI DACE: what changed
LI DACE
Largest movements
- Cash +€32,460
up €32,460 (+25,437%), from €128 to €32,588
mainly Other debts (+€27,518) and Net result for the year (+€24,116)
- Receivables within one year +€16,001
up €16,001 (+5.3%), from €303,184 to €319,186
of which Trade receivables: +€15,928
- Debts after one year -€36,000
down €36,000 (-3.2%), from €1.1m to €1.1m
- Other debts +€27,518
up €27,518 (+18.3%), from €150,382 to €177,900
- Reserves +€24,116
up €24,116 (+71.4%), from €33,781 to €57,897
of which Distributable reserves: +€24,116
- Tax, wage and social debts +€15,734
up €15,734 (+26.4%), from €59,591 to €75,325
of which Remuneration and social security: +€12,600
- Financial income +€16,723
up €16,723 (+10,734%), from €156 to €16,879
- Gross operating margin -€3,575
down €3,575 (-8.4%), from €42,743 to €39,168
- Financial charges -€3,175
down €3,175 (-14.0%), from €22,683 to €19,507
- Taxes +€3,134
up €3,134 (+43.3%), from €7,241 to €10,375
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,489,738 | €1,522,666 | +€32,929 | +2.2% |
| Fixed assets | 21/28 | €1,150,688 | €1,150,434 | -€254 | 0.0% |
| Tangible fixed assets | 22/27 | €254 | - | -€254 | |
| Furniture and vehicles | 24 | €254 | - | -€254 | |
| Financial fixed assets | 28 | €1,150,434 | €1,150,434 | = | 0.0% |
| Current assets | 29/58 | €339,049 | €372,233 | +€33,183 | +9.8% |
| Amounts receivable within one year | 40/41 | €303,184 | €319,186 | +€16,001 | +5.3% |
| Trade receivables | 40 | €172,688 | €188,616 | +€15,928 | +9.2% |
| Other amounts receivable | 41 | €130,497 | €130,570 | +€73 | +0.1% |
| Current investments | 50/53 | €33,527 | €20,459 | -€13,068 | -39.0% |
| Cash at bank and in hand | 54/58 | €128 | €32,588 | +€32,460 | +25,437% |
| Deferred charges and accrued income | 490/1 | €2,211 | - | -€2,211 | |
| Total equity and liabilities | 10/49 | €1,489,738 | €1,522,666 | +€32,929 | +2.2% |
| Equity | 10/15 | €90,971 | €115,088 | +€24,116 | +26.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €33,781 | €57,897 | +€24,116 | +71.4% |
| Non-distributable reserves | 130/1 | €2,017 | €2,017 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,017 | €2,017 | = | 0.0% |
| Distributable reserves | 133 | €31,764 | €55,880 | +€24,116 | +75.9% |
| Profit (loss) carried forward | 14 | €50,940 | €50,940 | = | 0.0% |
| Amounts payable | 17/49 | €1,398,766 | €1,407,579 | +€8,812 | +0.6% |
| Amounts payable after more than one year | 17 | €1,111,585 | €1,075,584 | -€36,000 | -3.2% |
| Financial debts | 170/4 | €1,111,585 | €1,075,584 | -€36,000 | -3.2% |
| Amounts payable within one year | 42/48 | €287,182 | €331,995 | +€44,813 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €34,490 | €36,000 | +€1,511 | +4.4% |
| Financial debts | 43 | €19 | - | -€19 | |
| Credit institutions | 430/8 | €19 | - | -€19 | |
| Trade debts | 44 | €42,700 | €42,770 | +€70 | +0.2% |
| Suppliers | 440/4 | €42,700 | €42,770 | +€70 | +0.2% |
| Taxes, remuneration and social security | 45 | €59,591 | €75,325 | +€15,734 | +26.4% |
| Taxes | 450/3 | €7,241 | €10,375 | +€3,134 | +43.3% |
| Remuneration and social security | 454/9 | €52,350 | €64,950 | +€12,600 | +24.1% |
| Other amounts payable | 47/48 | €150,382 | €177,900 | +€27,518 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €254 | -€267 | -51.2% |
| Other operating charges | 640/8 | €1,824 | €1,794 | -€31 | -1.7% |
| Gross operating margin | 9900 | €42,743 | €39,168 | -€3,575 | -8.4% |
| Operating profit (loss) | 9901 | €40,397 | €37,120 | -€3,277 | -8.1% |
| Financial income | 75/76B | €156 | €16,879 | +€16,723 | +10,734% |
| Recurring financial income | 75 | €156 | €16,879 | +€16,723 | +10,734% |
| Financial charges | 65/66B | €22,683 | €19,507 | -€3,175 | -14.0% |
| Recurring financial charges | 65 | €22,683 | €19,507 | -€3,175 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €17,870 | €34,491 | +€16,621 | +93.0% |
| Income taxes | 67/77 | €7,241 | €10,375 | +€3,134 | +43.3% |
| Profit (loss) for the period | 9904 | €10,629 | €24,116 | +€13,487 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €10,629 | €24,116 | +€13,487 | +127% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.