LI3MA: 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.
LI3MA
Largest movements
- Tangible fixed assets +€113,075
up €113,075 (+79.6%), from €141,988 to €255,062
of which Plant, machinery and equipment: +€137,297
- Current investments -€80,000
down €80,000 (-42.1%), from €190,000 to €110,000
- Cash +€39,580
up €39,580 (+42.2%), from €93,743 to €133,322
mainly Trade debts (+€84,611) and Current investments (+€80,000)
- Receivables within one year +€30,085
up €30,085 (+212%), from €14,221 to €44,306
of which Other amounts receivable: +€33,898
- Trade debts +€84,611
up €84,611 (+420%), from €20,163 to €104,774
- Other debts +€27,690
up €27,690 (+127%), from €21,849 to €49,539
- Current portion of long-term debt -€14,104
down €14,104 (-100%), from €14,104 to €0
- Gross operating margin -€101,319
down €101,319 (-20.2%), from €500,348 to €399,029
- Taxes -€34,351
down €34,351 (-74.6%), from €46,034 to €11,683
- Staff costs +€32,070
up €32,070 (+13.6%), from €235,639 to €267,709
- Depreciation +€10,398
up €10,398 (+19.8%), from €52,603 to €63,001
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 | €467,948 | €567,485 | +€99,537 | +21.3% |
| Fixed assets | 21/28 | €149,965 | €259,039 | +€109,075 | +72.7% |
| Intangible fixed assets | 21 | €4,977 | €977 | -€4,000 | -80.4% |
| Tangible fixed assets | 22/27 | €141,988 | €255,062 | +€113,075 | +79.6% |
| Plant, machinery and equipment | 23 | €47,895 | €185,192 | +€137,297 | +287% |
| Furniture and vehicles | 24 | €23,561 | €10,558 | -€13,003 | -55.2% |
| Other tangible fixed assets | 26 | €70,532 | €59,313 | -€11,220 | -15.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €317,983 | €308,445 | -€9,538 | -3.0% |
| Stocks and contracts in progress | 3 | €19,255 | €16,318 | -€2,937 | -15.3% |
| Stocks | 30/36 | €19,255 | €16,318 | -€2,937 | -15.3% |
| Amounts receivable within one year | 40/41 | €14,221 | €44,306 | +€30,085 | +212% |
| Trade receivables | 40 | €14,032 | €10,218 | -€3,814 | -27.2% |
| Other amounts receivable | 41 | €189 | €34,088 | +€33,898 | +17,906% |
| Current investments | 50/53 | €190,000 | €110,000 | -€80,000 | -42.1% |
| Cash at bank and in hand | 54/58 | €93,743 | €133,322 | +€39,580 | +42.2% |
| Deferred charges and accrued income | 490/1 | €764 | €4,499 | +€3,735 | +489% |
| Total equity and liabilities | 10/49 | €467,948 | €567,485 | +€99,537 | +21.3% |
| Equity | 10/15 | €374,598 | €374,598 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €369,598 | €369,598 | = | 0.0% |
| Distributable reserves | 133 | €369,598 | €369,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €93,350 | €192,886 | +€99,537 | +107% |
| Amounts payable within one year | 42/48 | €90,401 | €192,886 | +€102,485 | +113% |
| Current portion of amounts payable after more than one year | 42 | €14,104 | €0 | -€14,104 | -100% |
| Trade debts | 44 | €20,163 | €104,774 | +€84,611 | +420% |
| Suppliers | 440/4 | €20,163 | €104,774 | +€84,611 | +420% |
| Advances received on contracts in progress | 46 | - | €417 | +€417 | |
| Taxes, remuneration and social security | 45 | €34,284 | €38,156 | +€3,872 | +11.3% |
| Taxes | 450/3 | €6,813 | €12,035 | +€5,222 | +76.7% |
| Remuneration and social security | 454/9 | €27,471 | €26,121 | -€1,350 | -4.9% |
| Other amounts payable | 47/48 | €21,849 | €49,539 | +€27,690 | +127% |
| Accrued charges and deferred income | 492/3 | €2,949 | €0 | -€2,949 | -100% |
| Remuneration, social security and pensions | 62 | €235,639 | €267,709 | +€32,070 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,603 | €63,001 | +€10,398 | +19.8% |
| Other operating charges | 640/8 | €1,119 | €1,008 | -€111 | -9.9% |
| Gross operating margin | 9900 | €500,348 | €399,029 | -€101,319 | -20.2% |
| Operating profit (loss) | 9901 | €210,987 | €67,311 | -€143,677 | -68.1% |
| Financial income | 75/76B | €3,181 | €4,425 | +€1,244 | +39.1% |
| Recurring financial income | 75 | €3,181 | €4,425 | +€1,244 | +39.1% |
| Financial charges | 65/66B | €10,398 | €10,514 | +€116 | +1.1% |
| Recurring financial charges | 65 | €10,398 | €10,514 | +€116 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €203,771 | €61,222 | -€142,549 | -70.0% |
| Income taxes | 67/77 | €46,034 | €11,683 | -€34,351 | -74.6% |
| Profit (loss) for the period | 9904 | €157,736 | €49,539 | -€108,197 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €157,736 | €49,539 | -€108,197 | -68.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.