LI - WA: 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 - WA
Largest movements
- Receivables within one year +€34,040
up €34,040 (+735%), from €4,630 to €38,670
of which Trade receivables: +€37,447
- Stocks and contracts -€13,734
no longer reported in 2025 (was €13,734)
- Cash +€5,962
up €5,962 (+5.0%), from €119,250 to €125,212
mainly Net result for the year (+€34,269) and Stocks and contracts (+€13,734)
- Tangible fixed assets -€2,753
no longer reported in 2025 (was €2,753)
- Deferred charges and accrued income -€2,624
down €2,624 (-93.0%), from €2,821 to €197
- Profit (loss) carried forward +€32,018
no longer reported in 2025 (was -€32,018)
- Tax, wage and social debts -€15,158
down €15,158 (-86.0%), from €17,634 to €2,476
of which Remuneration and social security: -€10,737
- Reserves +€2,250
up €2,250 (+1.6%), from €142,186 to €144,436
- Trade debts +€1,888
up €1,888 (+21.9%), from €8,618 to €10,506
- Staff costs -€87,698
down €87,698 (-86.7%), from €101,125 to €13,428
- Gross operating margin -€39,921
down €39,921 (-44.4%), from €89,817 to €49,896
- Depreciation -€2,005
no longer reported in 2025 (was €2,005)
- Financial charges -€1,361
down €1,361 (-66.5%), from €2,048 to €687
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 | €143,189 | €164,079 | +€20,890 | +14.6% |
| Fixed assets | 21/28 | €2,753 | - | -€2,753 | |
| Tangible fixed assets | 22/27 | €2,753 | - | -€2,753 | |
| Plant, machinery and equipment | 23 | €2,753 | - | -€2,753 | |
| Current assets | 29/58 | €140,436 | €164,079 | +€23,643 | +16.8% |
| Stocks and contracts in progress | 3 | €13,734 | - | -€13,734 | |
| Stocks | 30/36 | €13,734 | - | -€13,734 | |
| Amounts receivable within one year | 40/41 | €4,630 | €38,670 | +€34,040 | +735% |
| Trade receivables | 40 | €964 | €38,411 | +€37,447 | +3,886% |
| Other amounts receivable | 41 | €3,667 | €259 | -€3,408 | -92.9% |
| Cash at bank and in hand | 54/58 | €119,250 | €125,212 | +€5,962 | +5.0% |
| Deferred charges and accrued income | 490/1 | €2,821 | €197 | -€2,624 | -93.0% |
| Total equity and liabilities | 10/49 | €143,189 | €164,079 | +€20,890 | +14.6% |
| Equity | 10/15 | €116,365 | €150,634 | +€34,269 | +29.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €142,186 | €144,436 | +€2,250 | +1.6% |
| Distributable reserves | 133 | €142,186 | €144,436 | +€2,250 | +1.6% |
| Profit (loss) carried forward | 14 | -€32,018 | - | +€32,018 | |
| Amounts payable | 17/49 | €26,824 | €13,446 | -€13,378 | -49.9% |
| Amounts payable within one year | 42/48 | €26,366 | €13,446 | -€12,920 | -49.0% |
| Trade debts | 44 | €8,618 | €10,506 | +€1,888 | +21.9% |
| Suppliers | 440/4 | €8,618 | €10,506 | +€1,888 | +21.9% |
| Taxes, remuneration and social security | 45 | €17,634 | €2,476 | -€15,158 | -86.0% |
| Taxes | 450/3 | €5,892 | €1,471 | -€4,421 | -75.0% |
| Remuneration and social security | 454/9 | €11,742 | €1,005 | -€10,737 | -91.4% |
| Other amounts payable | 47/48 | €114 | €464 | +€350 | +306% |
| Accrued charges and deferred income | 492/3 | €458 | - | -€458 | |
| Non-recurring operating income | 76A | - | €53,037 | +€53,037 | |
| Remuneration, social security and pensions | 62 | €101,125 | €13,428 | -€87,698 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,005 | - | -€2,005 | |
| Other operating charges | 640/8 | €1,767 | €1,525 | -€242 | -13.7% |
| Gross operating margin | 9900 | €89,817 | €49,896 | -€39,921 | -44.4% |
| Operating profit (loss) | 9901 | -€15,079 | €34,944 | +€50,023 | |
| Financial income | 75/76B | €394 | €237 | -€157 | -39.9% |
| Recurring financial income | 75 | €394 | €237 | -€157 | -39.9% |
| Financial charges | 65/66B | €2,048 | €687 | -€1,361 | -66.5% |
| Recurring financial charges | 65 | €2,048 | €687 | -€1,361 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,733 | €34,494 | +€51,227 | |
| Income taxes | 67/77 | €27 | €225 | +€198 | +731% |
| Profit (loss) for the period | 9904 | -€16,760 | €34,269 | +€51,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,760 | €34,269 | +€51,029 |
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 14 October 2026 via checked.be.