LIANIL: what changed
Two fiscal 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.
LIANIL
Largest movements
- Receivables within one year -€143,684
down €143,684 (-95.6%), from €150,227 to €6,544
of which Other amounts receivable: -€143,684
- Tangible fixed assets +€129,805
up €129,805 (+62.1%), from €208,940 to €338,745
- Cash -€27,556
down €27,556 (-33.3%), from €82,786 to €55,230
mainly Investment in fixed assets (net) (-€160,092) and Other debts (-€38,464)
- Other debts -€38,464
down €38,464 (-63.9%), from €60,159 to €21,695
- Depreciation +€30,287
new in 2025: €30,287
- Write-downs -€28,076
down €28,076, from €10,438 to -€17,638
- Other operating charges +€17,691
up €17,691 (+351.0%), from €5,041 to €22,732
- Gross operating margin +€16,332
up €16,332 (+40.6%), from €40,199 to €56,531
- Taxes -€7,718
down €7,718 (-94.9%), from €8,135 to €417
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 | €452,056 | €411,148 | -€40,908 | -9.0% |
| Formation expenses | 20 | €8,177 | €8,177 | = | 0.0% |
| Fixed assets | 21/28 | €208,940 | €338,745 | +€129,805 | +62.1% |
| Tangible fixed assets | 22/27 | €208,940 | €338,745 | +€129,805 | +62.1% |
| Land and buildings | 22 | €208,940 | €338,745 | +€129,805 | +62.1% |
| Current assets | 29/58 | €234,940 | €64,227 | -€170,713 | -72.7% |
| Amounts receivable within one year | 40/41 | €150,227 | €6,544 | -€143,684 | -95.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €150,227 | €6,544 | -€143,684 | -95.6% |
| Cash at bank and in hand | 54/58 | €82,786 | €55,230 | -€27,556 | -33.3% |
| Deferred charges and accrued income | 490/1 | €1,927 | €2,453 | +€526 | +27.3% |
| Total equity and liabilities | 10/49 | €452,056 | €411,148 | -€40,908 | -9.0% |
| Equity | 10/15 | €387,139 | €388,392 | +€1,252 | +0.3% |
| Contributions | 10/11 | €226,186 | €226,186 | = | 0.0% |
| Capital | 10 | €226,000 | €226,000 | = | 0.0% |
| Issued capital | 100 | €226,000 | €226,000 | = | 0.0% |
| Outside capital | 11 | €186 | €186 | = | 0.0% |
| Share premium | 1100/10 | €186 | €186 | = | 0.0% |
| Revaluation surpluses | 12 | €45,651 | €45,651 | = | 0.0% |
| Reserves | 13 | €115,303 | €116,555 | +€1,252 | +1.1% |
| Non-distributable reserves | 130/1 | €25,500 | €25,500 | = | 0.0% |
| Legal reserve | 130 | €25,500 | €25,500 | = | 0.0% |
| Distributable reserves | 133 | €89,803 | €91,055 | +€1,252 | +1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,917 | €22,756 | -€42,161 | -64.9% |
| Amounts payable within one year | 42/48 | €64,917 | €22,756 | -€42,161 | -64.9% |
| Trade debts | 44 | €4,758 | €1,061 | -€3,697 | -77.7% |
| Suppliers | 440/4 | €4,758 | €1,061 | -€3,697 | -77.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €60,159 | €21,695 | -€38,464 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €30,287 | +€30,287 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,438 | -€17,638 | -€28,076 | |
| Other operating charges | 640/8 | €5,041 | €22,732 | +€17,691 | +351.0% |
| Non-recurring operating charges | 66A | €0 | €19,363 | +€19,363 | |
| Gross operating margin | 9900 | €40,199 | €56,531 | +€16,332 | +40.6% |
| Operating profit (loss) | 9901 | €24,721 | €1,787 | -€22,933 | -92.8% |
| Financial income | 75/76B | €7,190 | €8 | -€7,182 | -99.9% |
| Recurring financial income | 75 | €7,190 | €8 | -€7,182 | -99.9% |
| Financial charges | 65/66B | €175 | €125 | -€50 | -28.4% |
| Recurring financial charges | 65 | €175 | €125 | -€50 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €31,735 | €1,670 | -€30,065 | -94.7% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €8,135 | €417 | -€7,718 | -94.9% |
| Profit (loss) for the period | 9904 | €23,600 | €1,252 | -€22,348 | -94.7% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €23,600 | €1,252 | -€22,348 | -94.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.