LIANAR: 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.
LIANAR
Largest movements
- Cash +€113,063
up €113,063 (+50.1%), from €225,847 to €338,910
mainly Net result for the year (+€106,603) and Depreciation (+€26,853)
- Tangible fixed assets -€23,887
down €23,887 (-4.3%), from €554,213 to €530,326
- Receivables within one year +€12,359
up €12,359 (+52.6%), from €23,504 to €35,863
of which Trade receivables: +€8,028
- Reserves +€106,603
up €106,603 (+17.6%), from €606,204 to €712,807
of which Distributable reserves: +€106,603
- Gross operating margin +€55,740
up €55,740 (+38.8%), from €143,769 to €199,509
- Financial income -€10,902
down €10,902 (-100%), from €10,902 to €0
- Taxes +€10,758
up €10,758 (+43.2%), from €24,911 to €35,669
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 | €803,564 | €905,099 | +€101,535 | +12.6% |
| Fixed assets | 21/28 | €554,213 | €530,326 | -€23,887 | -4.3% |
| Tangible fixed assets | 22/27 | €554,213 | €530,326 | -€23,887 | -4.3% |
| Land and buildings | 22 | €554,213 | €530,326 | -€23,887 | -4.3% |
| Current assets | 29/58 | €249,351 | €374,773 | +€125,422 | +50.3% |
| Amounts receivable within one year | 40/41 | €23,504 | €35,863 | +€12,359 | +52.6% |
| Trade receivables | 40 | €17,989 | €26,017 | +€8,028 | +44.6% |
| Other amounts receivable | 41 | €5,515 | €9,846 | +€4,331 | +78.5% |
| Cash at bank and in hand | 54/58 | €225,847 | €338,910 | +€113,063 | +50.1% |
| Total equity and liabilities | 10/49 | €803,564 | €905,099 | +€101,535 | +12.6% |
| Equity | 10/15 | €781,039 | €887,642 | +€106,603 | +13.6% |
| Contributions | 10/11 | €174,835 | €174,835 | = | 0.0% |
| Reserves | 13 | €606,204 | €712,807 | +€106,603 | +17.6% |
| Tax-exempt reserves | 132 | €146 | €146 | = | 0.0% |
| Distributable reserves | 133 | €606,057 | €712,660 | +€106,603 | +17.6% |
| Amounts payable | 17/49 | €22,525 | €17,457 | -€5,068 | -22.5% |
| Amounts payable within one year | 42/48 | €22,525 | €17,457 | -€5,068 | -22.5% |
| Trade debts | 44 | €941 | €980 | +€39 | +4.1% |
| Suppliers | 440/4 | €941 | €980 | +€39 | +4.1% |
| Taxes, remuneration and social security | 45 | €4,911 | €0 | -€4,911 | -100% |
| Taxes | 450/3 | €4,911 | €0 | -€4,911 | -100% |
| Other amounts payable | 47/48 | €16,673 | €16,477 | -€196 | -1.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,680 | €26,853 | +€173 | +0.6% |
| Other operating charges | 640/8 | €30,113 | €30,341 | +€228 | +0.8% |
| Gross operating margin | 9900 | €143,769 | €199,509 | +€55,740 | +38.8% |
| Operating profit (loss) | 9901 | €86,977 | €142,315 | +€55,339 | +63.6% |
| Financial income | 75/76B | €10,902 | €0 | -€10,902 | -100% |
| Recurring financial income | 75 | €10,902 | €0 | -€10,902 | -100% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €97,840 | €142,272 | +€44,432 | +45.4% |
| Income taxes | 67/77 | €24,911 | €35,669 | +€10,758 | +43.2% |
| Profit (loss) for the period | 9904 | €72,929 | €106,603 | +€33,674 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,929 | €106,603 | +€33,674 | +46.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.