Li's: 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's
Largest movements
- Cash +€26,360
up €26,360 (+916.3%), from €2,877 to €29,237
mainly Investment in fixed assets (net) (+€20,800) and Net result for the year (+€16,789)
- Tangible fixed assets -€21,299
down €21,299 (-99.4%), from €21,426 to €127
of which Other tangible fixed assets: -€18,839
- Stocks and contracts -€4,700
no longer reported in 2025 (was €4,700)
- Receivables within one year -€4,475
down €4,475 (-31.6%), from €14,141 to €9,666
of which Other amounts receivable: -€2,618
- Deferred charges and accrued income -€1,362
down €1,362 (-95.7%), from €1,423 to €61
- Reserves +€16,789
up €16,789 (+718.0%), from €2,338 to €19,127
- Tax, wage and social debts -€13,257
down €13,257 (-94.0%), from €14,104 to €847
of which Taxes: -€6,917
- Trade debts -€8,968
down €8,968 (-94.6%), from €9,484 to €516
- Depreciation -€19,239
down €19,239 (-97.5%), from €19,738 to €499
- Gross operating margin -€16,839
down €16,839 (-32.7%), from €51,511 to €34,671
- Staff costs -€15,178
down €15,178 (-62.5%), from €24,277 to €9,099
- Taxes +€4,990
up €4,990 (+266.8%), from €1,871 to €6,861
- Financial charges -€1,141
down €1,141 (-61.3%), from €1,861 to €720
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 | €44,566 | €39,091 | -€5,476 | -12.3% |
| Fixed assets | 21/28 | €21,426 | €127 | -€21,299 | -99.4% |
| Tangible fixed assets | 22/27 | €21,426 | €127 | -€21,299 | -99.4% |
| Plant, machinery and equipment | 23 | €983 | - | -€983 | |
| Furniture and vehicles | 24 | €1,604 | €127 | -€1,477 | -92.1% |
| Other tangible fixed assets | 26 | €18,839 | - | -€18,839 | |
| Current assets | 29/58 | €23,141 | €38,964 | +€15,823 | +68.4% |
| Stocks and contracts in progress | 3 | €4,700 | - | -€4,700 | |
| Stocks | 30/36 | €4,700 | - | -€4,700 | |
| Amounts receivable within one year | 40/41 | €14,141 | €9,666 | -€4,475 | -31.6% |
| Trade receivables | 40 | €1,857 | - | -€1,857 | |
| Other amounts receivable | 41 | €12,284 | €9,666 | -€2,618 | -21.3% |
| Cash at bank and in hand | 54/58 | €2,877 | €29,237 | +€26,360 | +916.3% |
| Deferred charges and accrued income | 490/1 | €1,423 | €61 | -€1,362 | -95.7% |
| Total equity and liabilities | 10/49 | €44,566 | €39,091 | -€5,476 | -12.3% |
| Equity | 10/15 | €20,938 | €37,727 | +€16,789 | +80.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,338 | €19,127 | +€16,789 | +718.0% |
| Distributable reserves | 133 | €2,338 | €19,127 | +€16,789 | +718.0% |
| Amounts payable | 17/49 | €23,628 | €1,363 | -€22,265 | -94.2% |
| Amounts payable within one year | 42/48 | €23,588 | €1,363 | -€22,224 | -94.2% |
| Trade debts | 44 | €9,484 | €516 | -€8,968 | -94.6% |
| Suppliers | 440/4 | €9,484 | €516 | -€8,968 | -94.6% |
| Taxes, remuneration and social security | 45 | €14,104 | €847 | -€13,257 | -94.0% |
| Taxes | 450/3 | €7,617 | €701 | -€6,917 | -90.8% |
| Remuneration and social security | 454/9 | €6,486 | €146 | -€6,340 | -97.7% |
| Accrued charges and deferred income | 492/3 | €41 | - | -€41 | |
| Non-recurring operating income | 76A | - | €28,401 | +€28,401 | |
| Remuneration, social security and pensions | 62 | €24,277 | €9,099 | -€15,178 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,738 | €499 | -€19,239 | -97.5% |
| Other operating charges | 640/8 | €1,427 | €785 | -€642 | -45.0% |
| Gross operating margin | 9900 | €51,511 | €34,671 | -€16,839 | -32.7% |
| Operating profit (loss) | 9901 | €6,068 | €24,288 | +€18,220 | +300.3% |
| Financial income | 75/76B | €2 | €82 | +€80 | +4584.0% |
| Recurring financial income | 75 | €2 | €82 | +€80 | +4584.0% |
| Financial charges | 65/66B | €1,861 | €720 | -€1,141 | -61.3% |
| Recurring financial charges | 65 | €1,861 | €720 | -€1,141 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €4,209 | €23,650 | +€19,441 | +461.9% |
| Income taxes | 67/77 | €1,871 | €6,861 | +€4,990 | +266.8% |
| Profit (loss) for the period | 9904 | €2,338 | €16,789 | +€14,451 | +618.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,338 | €16,789 | +€14,451 | +618.0% |
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 11 October 2026 via checked.be.