LIENOT: 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.
LIENOT
Largest movements
- Cash +€104,820
up €104,820 (+55.7%), from €188,301 to €293,121
mainly Net result for the year (+€112,309) and Other debts (+€50,537)
- Current investments -€10,000
down €10,000 (-5.9%), from €169,899 to €159,899
- Tangible fixed assets -€9,801
down €9,801 (-31.6%), from €31,047 to €21,247
- Other debts +€50,537
up €50,537 (+52675.8%), from €96 to €50,633
- Reserves +€42,000
up €42,000 (+12.3%), from €342,000 to €384,000
- Gross operating margin -€48,784
down €48,784 (-24.3%), from €200,942 to €152,158
- Taxes -€18,161
down €18,161 (-32.8%), from €55,391 to €37,230
- Financial income +€7,007
up €7,007 (+542.4%), from €1,292 to €8,299
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 | €397,952 | €487,168 | +€89,216 | +22.4% |
| Fixed assets | 21/28 | €31,047 | €21,247 | -€9,801 | -31.6% |
| Tangible fixed assets | 22/27 | €31,047 | €21,247 | -€9,801 | -31.6% |
| Furniture and vehicles | 24 | €31,047 | €21,247 | -€9,801 | -31.6% |
| Current assets | 29/58 | €366,905 | €465,921 | +€99,017 | +27.0% |
| Amounts receivable within one year | 40/41 | €8,313 | €12,495 | +€4,183 | +50.3% |
| Trade receivables | 40 | €59 | €0 | -€59 | -100.0% |
| Other amounts receivable | 41 | €8,254 | €12,495 | +€4,241 | +51.4% |
| Current investments | 50/53 | €169,899 | €159,899 | -€10,000 | -5.9% |
| Cash at bank and in hand | 54/58 | €188,301 | €293,121 | +€104,820 | +55.7% |
| Deferred charges and accrued income | 490/1 | €391 | €406 | +€14 | +3.6% |
| Total equity and liabilities | 10/49 | €397,952 | €487,168 | +€89,216 | +22.4% |
| Equity | 10/15 | €368,787 | €411,096 | +€42,309 | +11.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €342,000 | €384,000 | +€42,000 | +12.3% |
| Distributable reserves | 133 | €342,000 | €384,000 | +€42,000 | +12.3% |
| Profit (loss) carried forward | 14 | €21,787 | €22,096 | +€309 | +1.4% |
| Amounts payable | 17/49 | €29,165 | €76,072 | +€46,907 | +160.8% |
| Amounts payable within one year | 42/48 | €29,165 | €75,898 | +€46,733 | +160.2% |
| Trade debts | 44 | €100 | €0 | -€100 | -100.0% |
| Suppliers | 440/4 | €100 | €0 | -€100 | -100.0% |
| Taxes, remuneration and social security | 45 | €28,969 | €25,265 | -€3,703 | -12.8% |
| Taxes | 450/3 | €26,469 | €22,765 | -€3,703 | -14.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €96 | €50,633 | +€50,537 | +52675.8% |
| Accrued charges and deferred income | 492/3 | €0 | €173 | +€173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,701 | €9,801 | +€99 | +1.0% |
| Other operating charges | 640/8 | €392 | €858 | +€466 | +118.6% |
| Gross operating margin | 9900 | €200,942 | €152,158 | -€48,784 | -24.3% |
| Operating profit (loss) | 9901 | €190,848 | €141,499 | -€49,349 | -25.9% |
| Financial income | 75/76B | €1,292 | €8,299 | +€7,007 | +542.4% |
| Recurring financial income | 75 | €1,292 | €8,299 | +€7,007 | +542.4% |
| Financial charges | 65/66B | €40 | €259 | +€219 | +542.4% |
| Recurring financial charges | 65 | €40 | €259 | +€219 | +542.4% |
| Profit (loss) for the period before taxes | 9903 | €192,100 | €149,539 | -€42,561 | -22.2% |
| Income taxes | 67/77 | €55,391 | €37,230 | -€18,161 | -32.8% |
| Profit (loss) for the period | 9904 | €136,709 | €112,309 | -€24,400 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €136,709 | €112,309 | -€24,400 | -17.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.