LIF: 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.
LIF
Largest movements
- Receivables after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
- Receivables within one year +€8,306
up €8,306 (+40.5%), from €20,501 to €28,806
of which Trade receivables: +€5,305
- Cash +€7,280
up €7,280 (+450%), from €1,617 to €8,897
mainly Other debts (+€97,734) and Receivables after one year (+€25,000)
- Current investments +€4,407
up €4,407 (+41.8%), from €10,544 to €14,951
- Tangible fixed assets -€2,173
down €2,173 (-91.5%), from €2,376 to €203
- Other debts +€97,734
up €97,734, from €0 to €97,734
- Profit (loss) carried forward -€97,065
down €97,065, from €8,500 to -€88,565
- Current portion of long-term debt -€7,204
down €7,204 (-55.7%), from €12,933 to €5,729
- Trade debts +€3,923
up €3,923 (+122%), from €3,213 to €7,136
- Tax, wage and social debts -€3,240
down €3,240 (-91.5%), from €3,541 to €302
- Gross operating margin -€97,633
down €97,633, from €11,864 to -€85,769
- Financial income -€7,327
down €7,327 (-82.7%), from €8,860 to €1,534
- Taxes -€3,541
down €3,541 (-99.8%), from €3,548 to €7
- Other operating charges +€2,681
up €2,681 (+42.5%), from €6,315 to €8,996
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 | €70,577 | €63,493 | -€7,084 | -10.0% |
| Fixed assets | 21/28 | €10,756 | €10,301 | -€455 | -4.2% |
| Tangible fixed assets | 22/27 | €2,376 | €203 | -€2,173 | -91.5% |
| Furniture and vehicles | 24 | €2,376 | €203 | -€2,173 | -91.5% |
| Financial fixed assets | 28 | €8,379 | €10,098 | +€1,718 | +20.5% |
| Current assets | 29/58 | €59,821 | €53,192 | -€6,629 | -11.1% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100% |
| Amounts receivable within one year | 40/41 | €20,501 | €28,806 | +€8,306 | +40.5% |
| Trade receivables | 40 | €1,231 | €6,535 | +€5,305 | +431% |
| Other amounts receivable | 41 | €19,270 | €22,271 | +€3,001 | +15.6% |
| Current investments | 50/53 | €10,544 | €14,951 | +€4,407 | +41.8% |
| Cash at bank and in hand | 54/58 | €1,617 | €8,897 | +€7,280 | +450% |
| Deferred charges and accrued income | 490/1 | €2,160 | €538 | -€1,622 | -75.1% |
| Total equity and liabilities | 10/49 | €70,577 | €63,493 | -€7,084 | -10.0% |
| Equity | 10/15 | €48,708 | -€48,356 | -€97,065 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,208 | €35,208 | = | 0.0% |
| Distributable reserves | 133 | €35,208 | €35,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,500 | -€88,565 | -€97,065 | |
| Amounts payable | 17/49 | €21,868 | €111,849 | +€89,981 | +411% |
| Amounts payable after more than one year | 17 | €2,181 | €0 | -€2,181 | -100% |
| Financial debts | 170/4 | €2,181 | €0 | -€2,181 | -100% |
| Amounts payable within one year | 42/48 | €19,687 | €110,900 | +€91,213 | +463% |
| Current portion of amounts payable after more than one year | 42 | €12,933 | €5,729 | -€7,204 | -55.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,213 | €7,136 | +€3,923 | +122% |
| Suppliers | 440/4 | €3,213 | €7,136 | +€3,923 | +122% |
| Taxes, remuneration and social security | 45 | €3,541 | €302 | -€3,240 | -91.5% |
| Taxes | 450/3 | €3,541 | €302 | -€3,240 | -91.5% |
| Other amounts payable | 47/48 | €0 | €97,734 | +€97,734 | |
| Accrued charges and deferred income | 492/3 | - | €949 | +€949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,347 | €567 | -€781 | -57.9% |
| Other operating charges | 640/8 | €6,315 | €8,996 | +€2,681 | +42.5% |
| Non-recurring operating charges | 66A | - | €1,607 | +€1,607 | |
| Gross operating margin | 9900 | €11,864 | -€85,769 | -€97,633 | |
| Operating profit (loss) | 9901 | €4,202 | -€96,938 | -€101,140 | |
| Financial income | 75/76B | €8,860 | €1,534 | -€7,327 | -82.7% |
| Recurring financial income | 75 | €8,860 | €1,534 | -€7,327 | -82.7% |
| Financial charges | 65/66B | €1,014 | €1,653 | +€639 | +63.0% |
| Recurring financial charges | 65 | €1,014 | €1,653 | +€639 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €12,048 | -€97,058 | -€109,106 | |
| Income taxes | 67/77 | €3,548 | €7 | -€3,541 | -99.8% |
| Profit (loss) for the period | 9904 | €8,500 | -€97,065 | -€105,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,500 | -€97,065 | -€105,565 |
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 1 November 2026 via checked.be.