Li Wan: 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 Wan
Largest movements
- Tangible fixed assets -€7,316
down €7,316 (-12.1%), from €60,404 to €53,088
of which Other tangible fixed assets: -€6,717
- Receivables within one year -€3,992
down €3,992 (-92.6%), from €4,312 to €321
of which Trade receivables: -€4,095
- Cash -€1,381
down €1,381 (-21.3%), from €6,485 to €5,104
mainly Net result for the year (-€20,582) and Tax, wage and social debts (-€4,606)
- Profit (loss) carried forward -€20,582
down €20,582 (-83.5%), from €24,659 to €4,077
- Other debts +€10,877
up €10,877 (+56.5%), from €19,237 to €30,113
- Tax, wage and social debts -€4,606
down €4,606 (-96.7%), from €4,762 to €156
- Trade debts +€1,941
up €1,941 (+95.7%), from €2,027 to €3,968
- Gross operating margin -€29,505
down €29,505, from €17,387 to -€12,118
- Taxes -€3,375
down €3,375 (-92.2%), from €3,661 to €286
- Financial income -€671
no longer reported in 2025 (was €671)
- Other operating charges -€584
down €584 (-59.4%), from €984 to €400
- Financial charges -€383
down €383 (-45.3%), from €845 to €462
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 | €71,201 | €58,830 | -€12,370 | -17.4% |
| Fixed assets | 21/28 | €60,404 | €53,088 | -€7,316 | -12.1% |
| Tangible fixed assets | 22/27 | €60,404 | €53,088 | -€7,316 | -12.1% |
| Furniture and vehicles | 24 | €1,608 | €1,008 | -€599 | -37.3% |
| Other tangible fixed assets | 26 | €58,796 | €52,080 | -€6,717 | -11.4% |
| Current assets | 29/58 | €10,797 | €5,742 | -€5,054 | -46.8% |
| Amounts receivable within one year | 40/41 | €4,312 | €321 | -€3,992 | -92.6% |
| Trade receivables | 40 | €4,095 | - | -€4,095 | |
| Other amounts receivable | 41 | €217 | €321 | +€104 | +47.8% |
| Cash at bank and in hand | 54/58 | €6,485 | €5,104 | -€1,381 | -21.3% |
| Deferred charges and accrued income | 490/1 | - | €318 | +€318 | |
| Total equity and liabilities | 10/49 | €71,201 | €58,830 | -€12,370 | -17.4% |
| Equity | 10/15 | €45,174 | €24,593 | -€20,582 | -45.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,516 | €19,516 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €19,416 | €19,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,659 | €4,077 | -€20,582 | -83.5% |
| Amounts payable | 17/49 | €26,026 | €34,238 | +€8,211 | +31.6% |
| Amounts payable within one year | 42/48 | €26,026 | €34,238 | +€8,211 | +31.6% |
| Trade debts | 44 | €2,027 | €3,968 | +€1,941 | +95.7% |
| Suppliers | 440/4 | €2,027 | €3,968 | +€1,941 | +95.7% |
| Taxes, remuneration and social security | 45 | €4,762 | €156 | -€4,606 | -96.7% |
| Taxes | 450/3 | €4,762 | €156 | -€4,606 | -96.7% |
| Other amounts payable | 47/48 | €19,237 | €30,113 | +€10,877 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,623 | €7,316 | -€307 | -4.0% |
| Other operating charges | 640/8 | €984 | €400 | -€584 | -59.4% |
| Gross operating margin | 9900 | €17,387 | -€12,118 | -€29,505 | |
| Operating profit (loss) | 9901 | €8,780 | -€19,834 | -€28,614 | |
| Financial income | 75/76B | €671 | - | -€671 | |
| Recurring financial income | 75 | €671 | - | -€671 | |
| Financial charges | 65/66B | €845 | €462 | -€383 | -45.3% |
| Recurring financial charges | 65 | €845 | €462 | -€383 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €8,606 | -€20,296 | -€28,902 | |
| Income taxes | 67/77 | €3,661 | €286 | -€3,375 | -92.2% |
| Profit (loss) for the period | 9904 | €4,945 | -€20,582 | -€25,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,945 | -€20,582 | -€25,527 |
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 13 October 2026 via checked.be.