LIERO: 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.
LIERO
Largest movements
- Tangible fixed assets -€30,993
down €30,993 (-4.2%), from €738,075 to €707,082
of which Land and buildings: -€21,001
- Profit (loss) carried forward -€35,273
down €35,273 (-12.0%), from -€294,276 to -€329,548
- Gross operating margin -€13,956
down €13,956, from €3,878 to -€10,078
- Depreciation -€1,000
down €1,000 (-3.1%), from €31,993 to €30,993
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 | €753,419 | €715,114 | -€38,306 | -5.1% |
| Fixed assets | 21/28 | €738,075 | €707,082 | -€30,993 | -4.2% |
| Tangible fixed assets | 22/27 | €738,075 | €707,082 | -€30,993 | -4.2% |
| Land and buildings | 22 | €700,473 | €679,472 | -€21,001 | -3.0% |
| Plant, machinery and equipment | 23 | €1,015 | €751 | -€264 | -26.0% |
| Furniture and vehicles | 24 | €36,587 | €26,859 | -€9,728 | -26.6% |
| Current assets | 29/58 | €15,344 | €8,032 | -€7,312 | -47.7% |
| Amounts receivable within one year | 40/41 | €8,270 | €6,008 | -€2,263 | -27.4% |
| Trade receivables | 40 | €4,969 | €3,181 | -€1,788 | -36.0% |
| Other amounts receivable | 41 | €3,301 | €2,826 | -€475 | -14.4% |
| Cash at bank and in hand | 54/58 | €7,074 | €2,024 | -€5,050 | -71.4% |
| Total equity and liabilities | 10/49 | €753,419 | €715,114 | -€38,306 | -5.1% |
| Equity | 10/15 | -€95,157 | -€136,149 | -€40,992 | -43.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €137,119 | €131,399 | -€5,720 | -4.2% |
| Non-distributable reserves | 130/1 | €41 | €41 | = | 0.0% |
| Legal reserve | 130 | €41 | €41 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,078 | €131,358 | -€5,720 | -4.2% |
| Profit (loss) carried forward | 14 | -€294,276 | -€329,548 | -€35,273 | -12.0% |
| Provisions and deferred taxes | 16 | €70,575 | €67,629 | -€2,947 | -4.2% |
| Deferred taxes | 168 | €70,575 | €67,629 | -€2,947 | -4.2% |
| Amounts payable | 17/49 | €778,001 | €783,634 | +€5,633 | +0.7% |
| Amounts payable within one year | 42/48 | €778,001 | €783,634 | +€5,633 | +0.7% |
| Trade debts | 44 | €2,038 | €2,577 | +€538 | +26.4% |
| Suppliers | 440/4 | €2,038 | €2,577 | +€538 | +26.4% |
| Other amounts payable | 47/48 | €775,962 | €781,057 | +€5,095 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,993 | €30,993 | -€1,000 | -3.1% |
| Other operating charges | 640/8 | €2,702 | €2,795 | +€94 | +3.5% |
| Gross operating margin | 9900 | €3,878 | -€10,078 | -€13,956 | |
| Operating profit (loss) | 9901 | -€30,817 | -€43,867 | -€13,050 | -42.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12 | €72 | +€60 | +484% |
| Recurring financial charges | 65 | €12 | €72 | +€60 | +484% |
| Profit (loss) for the period before taxes | 9903 | -€30,829 | -€43,939 | -€13,110 | -42.5% |
| Transfer from deferred taxes | 780 | €2,947 | €2,947 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€27,882 | -€40,992 | -€13,110 | -47.0% |
| Transfer from tax-exempt reserves | 789 | €5,720 | €5,720 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,163 | -€35,273 | -€13,110 | -59.2% |
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 15 October 2026 via checked.be.