LIANCO: 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.
LIANCO
Largest movements
- Cash -€110,464
down €110,464 (-51.0%), from €216,453 to €105,989
mainly Debts after one year (-€102,869) and Current portion of long-term debt (-€57,639)
- Receivables within one year +€20,662
new in 2025: €20,662
- Tangible fixed assets +€11,141
up €11,141 (+396.9%), from €2,807 to €13,948
of which Plant, machinery and equipment: +€6,376
- Reserves +€124,544
up €124,544 (+49.1%), from €253,457 to €378,002
- Debts after one year -€102,869
down €102,869 (-21.0%), from €489,270 to €386,401
- Current portion of long-term debt -€57,639
down €57,639 (-35.9%), from €160,508 to €102,869
- Trade debts -€23,721
down €23,721 (-96.5%), from €24,591 to €871
- Tax, wage and social debts -€17,987
down €17,987 (-45.9%), from €39,147 to €21,160
- Financial income -€122,697
down €122,697 (-65.8%), from €186,600 to €63,903
- Gross operating margin -€19,697
down €19,697 (-14.7%), from €133,824 to €114,127
- Financial charges -€10,828
down €10,828 (-27.4%), from €39,446 to €28,618
- Taxes -€3,226
down €3,226 (-12.8%), from €25,143 to €21,918
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.
Cash bridge derived
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 | €1,034,532 | €956,069 | -€78,463 | -7.6% |
| Fixed assets | 21/28 | €818,080 | €829,221 | +€11,141 | +1.4% |
| Tangible fixed assets | 22/27 | €2,807 | €13,948 | +€11,141 | +396.9% |
| Plant, machinery and equipment | 23 | - | €6,376 | +€6,376 | |
| Furniture and vehicles | 24 | €2,807 | €1,836 | -€971 | -34.6% |
| Other tangible fixed assets | 26 | - | €5,737 | +€5,737 | |
| Financial fixed assets | 28 | €815,273 | €815,273 | = | 0.0% |
| Current assets | 29/58 | €216,453 | €126,848 | -€89,605 | -41.4% |
| Amounts receivable within one year | 40/41 | - | €20,662 | +€20,662 | |
| Trade receivables | 40 | - | €20,662 | +€20,662 | |
| Cash at bank and in hand | 54/58 | €216,453 | €105,989 | -€110,464 | -51.0% |
| Deferred charges and accrued income | 490/1 | - | €198 | +€198 | |
| Total equity and liabilities | 10/49 | €1,034,532 | €956,069 | -€78,463 | -7.6% |
| Equity | 10/15 | €303,457 | €428,002 | +€124,544 | +41.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €253,457 | €378,002 | +€124,544 | +49.1% |
| Distributable reserves | 133 | €253,457 | €378,002 | +€124,544 | +49.1% |
| Amounts payable | 17/49 | €731,075 | €528,067 | -€203,008 | -27.8% |
| Amounts payable after more than one year | 17 | €489,270 | €386,401 | -€102,869 | -21.0% |
| Financial debts | 170/4 | €489,270 | €386,401 | -€102,869 | -21.0% |
| Amounts payable within one year | 42/48 | €241,699 | €141,196 | -€100,503 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €160,508 | €102,869 | -€57,639 | -35.9% |
| Trade debts | 44 | €24,591 | €871 | -€23,721 | -96.5% |
| Suppliers | 440/4 | €24,591 | €871 | -€23,721 | -96.5% |
| Taxes, remuneration and social security | 45 | €39,147 | €21,160 | -€17,987 | -45.9% |
| Taxes | 450/3 | €39,147 | €21,160 | -€17,987 | -45.9% |
| Other amounts payable | 47/48 | €17,454 | €16,297 | -€1,157 | -6.6% |
| Accrued charges and deferred income | 492/3 | €105 | €469 | +€364 | +346.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,219 | €2,059 | -€159 | -7.2% |
| Other operating charges | 640/8 | €159 | €890 | +€731 | +460.1% |
| Gross operating margin | 9900 | €133,824 | €114,127 | -€19,697 | -14.7% |
| Operating profit (loss) | 9901 | €131,447 | €111,177 | -€20,269 | -15.4% |
| Financial income | 75/76B | €186,600 | €63,903 | -€122,697 | -65.8% |
| Recurring financial income | 75 | €186,600 | €63,903 | -€122,697 | -65.8% |
| Financial charges | 65/66B | €39,446 | €28,618 | -€10,828 | -27.4% |
| Recurring financial charges | 65 | €39,446 | €28,618 | -€10,828 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €278,601 | €146,462 | -€132,139 | -47.4% |
| Income taxes | 67/77 | €25,143 | €21,918 | -€3,226 | -12.8% |
| Profit (loss) for the period | 9904 | €253,457 | €124,544 | -€128,913 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €253,457 | €124,544 | -€128,913 | -50.9% |
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 12 October 2026 via checked.be.