LIEON: 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.
LIEON
Largest movements
- Cash +€13,427
up €13,427 (+146%), from €9,201 to €22,628
mainly Trade debts (+€12,200) and Tax, wage and social debts (+€10,974)
- Receivables within one year +€7,307
up €7,307 (+10.6%), from €68,896 to €76,202
of which Trade receivables: +€7,307
- Deferred charges and accrued income +€2,132
up €2,132 (+25.8%), from €8,272 to €10,404
- Reserves -€13,373
down €13,373 (-22.0%), from €60,914 to €47,540
- Trade debts +€12,200
up €12,200 (+91.3%), from €13,357 to €25,557
- Tax, wage and social debts +€10,974
up €10,974 (+1,318%), from €833 to €11,807
of which Taxes: +€7,354
- Other debts +€7,691
up €7,691 (+48.2%), from €15,952 to €23,643
- Profit (loss) carried forward +€4,266
no longer reported in 2025 (was -€4,266)
- Gross operating margin +€38,038
up €38,038 (+36.4%), from €104,599 to €142,637
- Taxes +€7,458
up €7,458 (+175%), from €4,251 to €11,708
- Financial income -€4,234
down €4,234 (-98.1%), from €4,319 to €84
- Financial charges +€1,906
up €1,906 (+46.5%), from €4,097 to €6,003
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 | €96,789 | €118,548 | +€21,758 | +22.5% |
| Fixed assets | 21/28 | €5,121 | €4,014 | -€1,107 | -21.6% |
| Tangible fixed assets | 22/27 | €5,121 | €4,014 | -€1,107 | -21.6% |
| Plant, machinery and equipment | 23 | €1,158 | €772 | -€386 | -33.3% |
| Furniture and vehicles | 24 | €3,963 | €2,223 | -€1,741 | -43.9% |
| Other tangible fixed assets | 26 | - | €1,020 | +€1,020 | |
| Current assets | 29/58 | €91,668 | €114,534 | +€22,866 | +24.9% |
| Stocks and contracts in progress | 3 | €5,300 | €5,300 | = | 0.0% |
| Stocks | 30/36 | €5,300 | €5,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,896 | €76,202 | +€7,307 | +10.6% |
| Trade receivables | 40 | €65,136 | €72,443 | +€7,307 | +11.2% |
| Other amounts receivable | 41 | €3,760 | €3,760 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,201 | €22,628 | +€13,427 | +146% |
| Deferred charges and accrued income | 490/1 | €8,272 | €10,404 | +€2,132 | +25.8% |
| Total equity and liabilities | 10/49 | €96,789 | €118,548 | +€21,758 | +22.5% |
| Equity | 10/15 | €66,647 | €57,540 | -€9,107 | -13.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,914 | €47,540 | -€13,373 | -22.0% |
| Distributable reserves | 133 | €60,914 | €47,540 | -€13,373 | -22.0% |
| Profit (loss) carried forward | 14 | -€4,266 | - | +€4,266 | |
| Amounts payable | 17/49 | €30,142 | €61,007 | +€30,865 | +102% |
| Amounts payable within one year | 42/48 | €30,142 | €61,007 | +€30,865 | +102% |
| Trade debts | 44 | €13,357 | €25,557 | +€12,200 | +91.3% |
| Suppliers | 440/4 | €13,357 | €25,557 | +€12,200 | +91.3% |
| Taxes, remuneration and social security | 45 | €833 | €11,807 | +€10,974 | +1,318% |
| Taxes | 450/3 | €816 | €8,170 | +€7,354 | +902% |
| Remuneration and social security | 454/9 | €17 | €3,637 | +€3,620 | +21,522% |
| Other amounts payable | 47/48 | €15,952 | €23,643 | +€7,691 | +48.2% |
| Remuneration, social security and pensions | 62 | €99,519 | €100,938 | +€1,419 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,127 | €2,206 | +€80 | +3.7% |
| Other operating charges | 640/8 | €2,351 | €1,615 | -€736 | -31.3% |
| Non-recurring operating charges | 66A | €1,818 | €9,358 | +€7,540 | +415% |
| Gross operating margin | 9900 | €104,599 | €142,637 | +€38,038 | +36.4% |
| Operating profit (loss) | 9901 | -€1,216 | €28,520 | +€29,736 | |
| Financial income | 75/76B | €4,319 | €84 | -€4,234 | -98.1% |
| Recurring financial income | 75 | €4,319 | €84 | -€4,234 | -98.1% |
| Financial charges | 65/66B | €4,097 | €6,003 | +€1,906 | +46.5% |
| Recurring financial charges | 65 | €4,097 | €6,003 | +€1,906 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | -€994 | €22,601 | +€23,596 | |
| Income taxes | 67/77 | €4,251 | €11,708 | +€7,458 | +175% |
| Profit (loss) for the period | 9904 | -€5,245 | €10,893 | +€16,138 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,245 | €10,893 | +€16,138 |
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 18 October 2026 via checked.be.