LI & WENG: 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 & WENG
Largest movements
- Cash +€25,667
up €25,667 (+71.6%), from €35,852 to €61,519
mainly Net result for the year (+€18,702) and Trade debts (+€13,174)
- Receivables within one year +€16,283
up €16,283 (+1,197%), from €1,360 to €17,643
of which Trade receivables: +€17,616
- Tangible fixed assets -€2,169
down €2,169 (-32.9%), from €6,584 to €4,415
of which Land and buildings: -€1,096
- Profit (loss) carried forward +€18,702
up €18,702 (+605%), from €3,090 to €21,793
- Trade debts +€13,174
up €13,174 (+2,912%), from €452 to €13,626
- Tax, wage and social debts +€6,744
up €6,744 (+261%), from €2,585 to €9,329
- Other debts +€1,222
up €1,222 (+6.9%), from €17,642 to €18,864
- Gross operating margin +€8,484
up €8,484 (+38.0%), from €22,353 to €30,838
- Taxes +€3,770
up €3,770 (+104%), from €3,624 to €7,394
- Financial income -€733
down €733 (-75.3%), from €974 to €241
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 | €46,757 | €86,599 | +€39,842 | +85.2% |
| Fixed assets | 21/28 | €6,584 | €4,415 | -€2,169 | -32.9% |
| Tangible fixed assets | 22/27 | €6,584 | €4,415 | -€2,169 | -32.9% |
| Land and buildings | 22 | €1,096 | €0 | -€1,096 | -100% |
| Plant, machinery and equipment | 23 | €5,488 | €4,415 | -€1,073 | -19.6% |
| Current assets | 29/58 | €40,172 | €82,183 | +€42,011 | +105% |
| Stocks and contracts in progress | 3 | €1,671 | €1,665 | -€5 | -0.3% |
| Stocks | 30/36 | €1,671 | €1,665 | -€5 | -0.3% |
| Amounts receivable within one year | 40/41 | €1,360 | €17,643 | +€16,283 | +1,197% |
| Trade receivables | 40 | - | €17,616 | +€17,616 | |
| Other amounts receivable | 41 | €1,360 | €28 | -€1,332 | -98.0% |
| Cash at bank and in hand | 54/58 | €35,852 | €61,519 | +€25,667 | +71.6% |
| Deferred charges and accrued income | 490/1 | €1,290 | €1,356 | +€66 | +5.1% |
| Total equity and liabilities | 10/49 | €46,757 | €86,599 | +€39,842 | +85.2% |
| Equity | 10/15 | €25,577 | €44,279 | +€18,702 | +73.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €12,487 | €12,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €579 | €579 | = | 0.0% |
| Reserves not available under the articles | 1311 | €579 | €579 | = | 0.0% |
| Distributable reserves | 133 | €11,908 | €11,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,090 | €21,793 | +€18,702 | +605% |
| Amounts payable | 17/49 | €21,180 | €42,319 | +€21,140 | +99.8% |
| Amounts payable within one year | 42/48 | €21,180 | €42,319 | +€21,140 | +99.8% |
| Current portion of amounts payable after more than one year | 42 | €500 | €500 | = | 0.0% |
| Trade debts | 44 | €452 | €13,626 | +€13,174 | +2,912% |
| Suppliers | 440/4 | €452 | €13,626 | +€13,174 | +2,912% |
| Taxes, remuneration and social security | 45 | €2,585 | €9,329 | +€6,744 | +261% |
| Taxes | 450/3 | €2,585 | €9,329 | +€6,744 | +261% |
| Other amounts payable | 47/48 | €17,642 | €18,864 | +€1,222 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,194 | €2,169 | -€25 | -1.2% |
| Other operating charges | 640/8 | €1,144 | €1,137 | -€7 | -0.6% |
| Gross operating margin | 9900 | €22,353 | €30,838 | +€8,484 | +38.0% |
| Operating profit (loss) | 9901 | €19,015 | €27,532 | +€8,517 | +44.8% |
| Financial income | 75/76B | €974 | €241 | -€733 | -75.3% |
| Recurring financial income | 75 | €974 | €241 | -€733 | -75.3% |
| Financial charges | 65/66B | €1,633 | €1,677 | +€43 | +2.6% |
| Recurring financial charges | 65 | €1,633 | €1,677 | +€43 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €18,356 | €26,096 | +€7,740 | +42.2% |
| Income taxes | 67/77 | €3,624 | €7,394 | +€3,770 | +104% |
| Profit (loss) for the period | 9904 | €14,732 | €18,702 | +€3,970 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,732 | €18,702 | +€3,970 | +26.9% |
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.