LI-MAX: what changed
What changed
LI-MAX
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€581,117
2024 · €13,399+€567,718
Equity
€5,872
2024 · €19,755-€13,883
Cash
€25,541
2024 · €26,952-€1,411
Balance sheet total
€885,642
2024 · €356,392+€529,250
Largest movements
Assets
- Current investments +€550,000
new in 2025: €550,000
- Tangible fixed assets -€17,116
down €17,116 (-25.3%), from €67,562 to €50,447
of which Leasing and similar rights: -€16,452
Equity and liabilities
- Other debts +€594,936
up €594,936 (+34,997%), from €1,700 to €596,636
- Debts after one year -€79,097
down €79,097 (-25.2%), from €314,114 to €235,017
- Tax, wage and social debts +€27,350
up €27,350 (+3,498%), from €782 to €28,132
- Reserves -€13,883
down €13,883 (-94.1%), from €14,755 to €872
Income statement
- Financial income +€510,000
new in 2025: €510,000
- Gross operating margin +€71,565
up €71,565 (+142%), from €50,573 to €122,139
- Taxes +€19,266
up €19,266 (+364%), from €5,297 to €24,562
- Financial charges -€5,448
down €5,448 (-38.8%), from €14,035 to €8,587
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.
Result 2024
€13,399
Gross operating margin
+€71,565
Depreciation
+€421
Other operating charges
-€450
Financial income
+€510,000
Financial charges
+€5,448
Taxes
-€19,266
Result 2025
€581,117
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
-€550,000
Financing
-€673,376
Cash 2024
€26,952
From operations (derived)
+€1.2m
Net result for the year
+€581,117
Depreciation
+€17,116
Smaller working-capital items
-€2,011
Deferred charges and accrued income
+€3,458
Tax, wage and social debts
+€27,350
Other debts
+€594,936
Investment (derived)
-€550,000
Current investments
-€550,000
Financing
-€673,376
Debts after one year
-€79,097
Current portion of long-term debt
+€721
Contributions, distributions and other
-€595,000
Cash 2025
€25,541
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,392 | €885,642 | +€529,250 | +149% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €320,012 | €302,897 | -€17,116 | -5.3% |
| Tangible fixed assets | 22/27 | €67,562 | €50,447 | -€17,116 | -25.3% |
| Furniture and vehicles | 24 | €3,150 | €2,487 | -€663 | -21.1% |
| Leasing and similar rights | 25 | €64,412 | €47,960 | -€16,452 | -25.5% |
| Financial fixed assets | 28 | €252,450 | €252,450 | = | 0.0% |
| Current assets | 29/58 | €36,379 | €582,745 | +€546,366 | +1,502% |
| Amounts receivable within one year | 40/41 | €4,358 | €5,593 | +€1,235 | +28.3% |
| Trade receivables | 40 | €607 | €1,889 | +€1,282 | +211% |
| Other amounts receivable | 41 | €3,751 | €3,703 | -€47 | -1.3% |
| Current investments | 50/53 | - | €550,000 | +€550,000 | |
| Cash at bank and in hand | 54/58 | €26,952 | €25,541 | -€1,411 | -5.2% |
| Deferred charges and accrued income | 490/1 | €5,070 | €1,612 | -€3,458 | -68.2% |
| Total equity and liabilities | 10/49 | €356,392 | €885,642 | +€529,250 | +149% |
| Equity | 10/15 | €19,755 | €5,872 | -€13,883 | -70.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,755 | €872 | -€13,883 | -94.1% |
| Distributable reserves | 133 | €14,755 | €872 | -€13,883 | -94.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €336,637 | €879,770 | +€543,133 | +161% |
| Amounts payable after more than one year | 17 | €314,114 | €235,017 | -€79,097 | -25.2% |
| Financial debts | 170/4 | €314,114 | €235,017 | -€79,097 | -25.2% |
| Amounts payable within one year | 42/48 | €22,373 | €644,479 | +€622,106 | +2,781% |
| Current portion of amounts payable after more than one year | 42 | €17,048 | €17,769 | +€721 | +4.2% |
| Trade debts | 44 | €2,843 | €1,943 | -€901 | -31.7% |
| Suppliers | 440/4 | €2,843 | €1,943 | -€901 | -31.7% |
| Taxes, remuneration and social security | 45 | €782 | €28,132 | +€27,350 | +3,498% |
| Taxes | 450/3 | €782 | €28,132 | +€27,350 | +3,498% |
| Other amounts payable | 47/48 | €1,700 | €596,636 | +€594,936 | +34,997% |
| Accrued charges and deferred income | 492/3 | €150 | €274 | +€124 | +82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,537 | €17,116 | -€421 | -2.4% |
| Other operating charges | 640/8 | €306 | €757 | +€450 | +147% |
| Gross operating margin | 9900 | €50,573 | €122,139 | +€71,565 | +142% |
| Operating profit (loss) | 9901 | €32,730 | €104,266 | +€71,536 | +219% |
| Financial income | 75/76B | - | €510,000 | +€510,000 | |
| Recurring financial income | 75 | - | €510,000 | +€510,000 | |
| Financial charges | 65/66B | €14,035 | €8,587 | -€5,448 | -38.8% |
| Recurring financial charges | 65 | €14,035 | €8,587 | -€5,448 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €18,695 | €605,679 | +€586,984 | +3,140% |
| Income taxes | 67/77 | €5,297 | €24,562 | +€19,266 | +364% |
| Profit (loss) for the period | 9904 | €13,399 | €581,117 | +€567,718 | +4,237% |
| Profit (loss) for the period to be appropriated | 9905 | €13,399 | €581,117 | +€567,718 | +4,237% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.