LI MO: 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 MO
Largest movements
- Tangible fixed assets -€43,445
down €43,445 (-16.5%), from €263,708 to €220,264
of which Other tangible fixed assets: -€22,588
- Receivables within one year +€5,898
up €5,898 (+260.0%), from €2,268 to €8,166
of which Other amounts receivable: +€3,533
- Cash -€3,955
down €3,955 (-14.0%), from €28,305 to €24,349
mainly Debts after one year (-€24,594) and Net result for the year (-€23,111)
- Debts after one year -€24,594
down €24,594 (-30.7%), from €80,142 to €55,547
- Profit (loss) carried forward -€23,111
down €23,111 (-15.9%), from -€145,428 to -€168,539
- Revaluation surpluses -€15,850
down €15,850 (-9.4%), from €167,746 to €151,896
- Reserves +€15,850
up €15,850 (+10.5%), from €151,113 to €166,963
- Depreciation +€14,510
up €14,510 (+46.8%), from €31,007 to €45,516
- Gross operating margin -€7,250
down €7,250 (-19.7%), from €36,798 to €29,548
- Taxes -€2,939
down €2,939 (-90.4%), from €3,250 to €311
- Other operating charges -€891
down €891 (-14.8%), from €6,034 to €5,143
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 | €301,450 | €256,767 | -€44,683 | -14.8% |
| Formation expenses | 20 | €2,411 | €1,738 | -€673 | -27.9% |
| Fixed assets | 21/28 | €263,708 | €220,264 | -€43,445 | -16.5% |
| Tangible fixed assets | 22/27 | €263,708 | €220,264 | -€43,445 | -16.5% |
| Land and buildings | 22 | €145,007 | €128,531 | -€16,477 | -11.4% |
| Plant, machinery and equipment | 23 | €31,800 | €27,420 | -€4,380 | -13.8% |
| Other tangible fixed assets | 26 | €86,901 | €64,313 | -€22,588 | -26.0% |
| Current assets | 29/58 | €35,331 | €34,765 | -€566 | -1.6% |
| Amounts receivable within one year | 40/41 | €2,268 | €8,166 | +€5,898 | +260.0% |
| Trade receivables | 40 | €1,815 | €4,180 | +€2,365 | +130.3% |
| Other amounts receivable | 41 | €453 | €3,986 | +€3,533 | +779.6% |
| Cash at bank and in hand | 54/58 | €28,305 | €24,349 | -€3,955 | -14.0% |
| Deferred charges and accrued income | 490/1 | €4,758 | €2,250 | -€2,508 | -52.7% |
| Total equity and liabilities | 10/49 | €301,450 | €256,767 | -€44,683 | -14.8% |
| Equity | 10/15 | €192,181 | €169,070 | -€23,111 | -12.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Revaluation surpluses | 12 | €167,746 | €151,896 | -€15,850 | -9.4% |
| Reserves | 13 | €151,113 | €166,963 | +€15,850 | +10.5% |
| Non-distributable reserves | 130/1 | €151,113 | €166,963 | +€15,850 | +10.5% |
| Reserves not available under the articles | 1311 | €151,113 | €166,963 | +€15,850 | +10.5% |
| Profit (loss) carried forward | 14 | -€145,428 | -€168,539 | -€23,111 | -15.9% |
| Amounts payable | 17/49 | €109,269 | €87,696 | -€21,572 | -19.7% |
| Amounts payable after more than one year | 17 | €80,142 | €55,547 | -€24,594 | -30.7% |
| Financial debts | 170/4 | €80,142 | €55,547 | -€24,594 | -30.7% |
| Amounts payable within one year | 42/48 | €27,763 | €30,809 | +€3,045 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €22,765 | €24,594 | +€1,829 | +8.0% |
| Financial debts | 43 | €1,407 | €1,431 | +€24 | +1.7% |
| Credit institutions | 430/8 | €1,407 | €1,431 | +€24 | +1.7% |
| Trade debts | 44 | €647 | €679 | +€32 | +5.0% |
| Suppliers | 440/4 | €647 | €679 | +€32 | +5.0% |
| Taxes, remuneration and social security | 45 | €2,218 | €917 | -€1,301 | -58.7% |
| Taxes | 450/3 | €2,218 | €917 | -€1,301 | -58.7% |
| Other amounts payable | 47/48 | €726 | €3,188 | +€2,462 | +339.1% |
| Accrued charges and deferred income | 492/3 | €1,364 | €1,340 | -€24 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,007 | €45,516 | +€14,510 | +46.8% |
| Other operating charges | 640/8 | €6,034 | €5,143 | -€891 | -14.8% |
| Gross operating margin | 9900 | €36,798 | €29,548 | -€7,250 | -19.7% |
| Operating profit (loss) | 9901 | -€243 | -€21,111 | -€20,869 | -8603.8% |
| Financial income | 75/76B | €87 | €110 | +€23 | +26.2% |
| Recurring financial income | 75 | €87 | €110 | +€23 | +26.2% |
| Financial charges | 65/66B | €2,114 | €1,799 | -€315 | -14.9% |
| Recurring financial charges | 65 | €2,114 | €1,799 | -€315 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,270 | -€22,800 | -€20,530 | -904.5% |
| Income taxes | 67/77 | €3,250 | €311 | -€2,939 | -90.4% |
| Profit (loss) for the period | 9904 | -€5,519 | -€23,111 | -€17,592 | -318.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,519 | -€23,111 | -€17,592 | -318.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.