LIEJO: 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.
LIEJO
Largest movements
- Cash +€358,430
up €358,430 (+596.8%), from €60,055 to €418,485
mainly Current investments (+€330,055) and Net result for the year (+€41,772)
- Current investments -€330,055
down €330,055 (-100.0%), from €330,055 to €0
- Tangible fixed assets -€23,292
down €23,292 (-6.7%), from €349,557 to €326,265
of which Other tangible fixed assets: -€21,014
- Debts after one year -€11,289
down €11,289 (-31.2%), from €36,148 to €24,859
- Gross operating margin +€16,127
up €16,127 (+18.4%), from €87,435 to €103,563
- Financial income -€4,088
down €4,088 (-32.1%), from €12,722 to €8,634
- Taxes +€3,797
up €3,797 (+21.5%), from €17,656 to €21,453
- Financial charges +€1,508
up €1,508 (+9.5%), from €15,948 to €17,455
- Other operating charges -€1,212
down €1,212 (-15.6%), from €7,786 to €6,574
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 | €901,512 | €901,087 | -€425 | 0.0% |
| Fixed assets | 21/28 | €457,427 | €434,116 | -€23,311 | -5.1% |
| Tangible fixed assets | 22/27 | €349,557 | €326,265 | -€23,292 | -6.7% |
| Land and buildings | 22 | €70,832 | €68,722 | -€2,109 | -3.0% |
| Furniture and vehicles | 24 | €249 | €80 | -€169 | -67.8% |
| Other tangible fixed assets | 26 | €278,477 | €257,462 | -€21,014 | -7.5% |
| Financial fixed assets | 28 | €107,869 | €107,851 | -€19 | 0.0% |
| Current assets | 29/58 | €444,085 | €466,971 | +€22,886 | +5.2% |
| Amounts receivable within one year | 40/41 | €50,176 | €48,328 | -€1,847 | -3.7% |
| Trade receivables | 40 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 41 | €15,176 | €13,328 | -€1,847 | -12.2% |
| Current investments | 50/53 | €330,055 | €0 | -€330,055 | -100.0% |
| Cash at bank and in hand | 54/58 | €60,055 | €418,485 | +€358,430 | +596.8% |
| Deferred charges and accrued income | 490/1 | €3,799 | €159 | -€3,641 | -95.8% |
| Total equity and liabilities | 10/49 | €901,512 | €901,087 | -€425 | 0.0% |
| Equity | 10/15 | €646,807 | €648,812 | +€2,006 | +0.3% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €373,612 | €375,618 | +€2,006 | +0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €373,612 | €375,618 | +€2,006 | +0.5% |
| Profit (loss) carried forward | 14 | €4,595 | €4,595 | = | 0.0% |
| Amounts payable | 17/49 | €254,705 | €252,274 | -€2,431 | -1.0% |
| Amounts payable after more than one year | 17 | €36,148 | €24,859 | -€11,289 | -31.2% |
| Financial debts | 170/4 | €36,148 | €24,859 | -€11,289 | -31.2% |
| Amounts payable within one year | 42/48 | €218,557 | €227,416 | +€8,858 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €10,952 | €11,289 | +€337 | +3.1% |
| Trade debts | 44 | €620 | €631 | +€11 | +1.7% |
| Suppliers | 440/4 | €620 | €631 | +€11 | +1.7% |
| Taxes, remuneration and social security | 45 | €4,067 | €5,039 | +€972 | +23.9% |
| Taxes | 450/3 | €4,067 | €5,039 | +€972 | +23.9% |
| Other amounts payable | 47/48 | €202,918 | €210,457 | +€7,540 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,490 | €24,942 | +€452 | +1.8% |
| Other operating charges | 640/8 | €7,786 | €6,574 | -€1,212 | -15.6% |
| Non-recurring operating charges | 66A | €1,136 | €0 | -€1,136 | -100.0% |
| Gross operating margin | 9900 | €87,435 | €103,563 | +€16,127 | +18.4% |
| Operating profit (loss) | 9901 | €54,023 | €72,047 | +€18,023 | +33.4% |
| Financial income | 75/76B | €12,722 | €8,634 | -€4,088 | -32.1% |
| Recurring financial income | 75 | €12,722 | €8,634 | -€4,088 | -32.1% |
| Financial charges | 65/66B | €15,948 | €17,455 | +€1,508 | +9.5% |
| Recurring financial charges | 65 | €15,948 | €17,455 | +€1,508 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €50,798 | €63,225 | +€12,427 | +24.5% |
| Income taxes | 67/77 | €17,656 | €21,453 | +€3,797 | +21.5% |
| Profit (loss) for the period | 9904 | €33,142 | €41,772 | +€8,630 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,142 | €41,772 | +€8,630 | +26.0% |
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 9 October 2026 via checked.be.