Li VE: 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 VE
Largest movements
- Cash +€76,477
up €76,477 (+1,559%), from €4,906 to €81,383
mainly Net result for the year (+€56,710) and Other debts (+€51,460)
- Receivables within one year -€45,566
down €45,566 (-39.1%), from €116,393 to €70,827
of which Trade receivables: -€57,712
- Tangible fixed assets +€41,714
up €41,714 (+209%), from €19,995 to €61,709
of which Leasing and similar rights: +€56,716
- Stocks and contracts -€24,140
down €24,140 (-98.2%), from €24,593 to €453
- Other debts +€51,460
up €51,460 (+643%), from €8,000 to €59,460
- Debts after one year +€38,803
up €38,803 (+4,320%), from €898 to €39,701
- Tax, wage and social debts -€28,297
down €28,297 (-49.1%), from €57,647 to €29,350
of which Taxes: -€21,070
- Trade debts -€12,173
down €12,173 (-28.7%), from €42,445 to €30,272
- Gross operating margin +€45,855
up €45,855 (+83.9%), from €54,642 to €100,498
- Staff costs -€35,582
down €35,582 (-100%), from €35,582 to €0
- Taxes +€16,515
up €16,515 (+3,461%), from €477 to €16,992
- Other operating charges -€6,892
down €6,892 (-47.7%), from €14,461 to €7,568
- Depreciation +€5,027
up €5,027 (+48.4%), from €10,395 to €15,422
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 | €169,910 | €218,173 | +€48,264 | +28.4% |
| Fixed assets | 21/28 | €21,255 | €62,709 | +€41,454 | +195% |
| Tangible fixed assets | 22/27 | €19,995 | €61,709 | +€41,714 | +209% |
| Plant, machinery and equipment | 23 | €88 | €0 | -€88 | -100% |
| Furniture and vehicles | 24 | €19,907 | €4,993 | -€14,914 | -74.9% |
| Leasing and similar rights | 25 | - | €56,716 | +€56,716 | |
| Financial fixed assets | 28 | €1,260 | €1,000 | -€260 | -20.6% |
| Current assets | 29/58 | €148,655 | €155,465 | +€6,810 | +4.6% |
| Stocks and contracts in progress | 3 | €24,593 | €453 | -€24,140 | -98.2% |
| Stocks | 30/36 | €24,593 | €453 | -€24,140 | -98.2% |
| Amounts receivable within one year | 40/41 | €116,393 | €70,827 | -€45,566 | -39.1% |
| Trade receivables | 40 | €89,406 | €31,693 | -€57,712 | -64.6% |
| Other amounts receivable | 41 | €26,988 | €39,133 | +€12,146 | +45.0% |
| Cash at bank and in hand | 54/58 | €4,906 | €81,383 | +€76,477 | +1,559% |
| Deferred charges and accrued income | 490/1 | €2,762 | €2,801 | +€39 | +1.4% |
| Total equity and liabilities | 10/49 | €169,910 | €218,173 | +€48,264 | +28.4% |
| Equity | 10/15 | €55,563 | €52,813 | -€2,750 | -5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €34,813 | €32,813 | -€2,000 | -5.7% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | €32,813 | €32,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | €750 | €0 | -€750 | -100% |
| Amounts payable | 17/49 | €114,347 | €165,361 | +€51,014 | +44.6% |
| Amounts payable after more than one year | 17 | €898 | €39,701 | +€38,803 | +4,320% |
| Financial debts | 170/4 | €898 | €39,701 | +€38,803 | +4,320% |
| Amounts payable within one year | 42/48 | €113,449 | €125,659 | +€12,211 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €5,357 | €6,577 | +€1,220 | +22.8% |
| Trade debts | 44 | €42,445 | €30,272 | -€12,173 | -28.7% |
| Suppliers | 440/4 | €42,445 | €30,272 | -€12,173 | -28.7% |
| Taxes, remuneration and social security | 45 | €57,647 | €29,350 | -€28,297 | -49.1% |
| Taxes | 450/3 | €50,420 | €29,350 | -€21,070 | -41.8% |
| Remuneration and social security | 454/9 | €7,227 | €0 | -€7,227 | -100% |
| Other amounts payable | 47/48 | €8,000 | €59,460 | +€51,460 | +643% |
| Remuneration, social security and pensions | 62 | €35,582 | €0 | -€35,582 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,395 | €15,422 | +€5,027 | +48.4% |
| Other operating charges | 640/8 | €14,461 | €7,568 | -€6,892 | -47.7% |
| Gross operating margin | 9900 | €54,642 | €100,498 | +€45,855 | +83.9% |
| Operating profit (loss) | 9901 | -€5,796 | €77,507 | +€83,303 | |
| Financial income | 75/76B | €1,602 | €1,773 | +€171 | +10.7% |
| Recurring financial income | 75 | €1,602 | €1,773 | +€171 | +10.7% |
| Financial charges | 65/66B | €1,141 | €5,578 | +€4,437 | +389% |
| Recurring financial charges | 65 | €1,141 | €5,578 | +€4,437 | +389% |
| Profit (loss) for the period before taxes | 9903 | -€5,335 | €73,702 | +€79,037 | |
| Income taxes | 67/77 | €477 | €16,992 | +€16,515 | +3,461% |
| Profit (loss) for the period | 9904 | -€5,812 | €56,710 | +€62,522 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,812 | €56,710 | +€62,522 |
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.