LIF & FIL: 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 & FIL
Largest movements
- Tangible fixed assets -€37,013
down €37,013 (-5.3%), from €704,265 to €667,252
of which Land and buildings: -€34,914
- Cash +€10,921
new in 2025: €10,921
mainly Depreciation (+€57,230) and Debts after one year (+€7,557)
- Other debts -€30,999
down €30,999 (-7.1%), from €438,443 to €407,444
- Profit (loss) carried forward -€12,301
down €12,301 (-15.3%), from €80,292 to €67,992
- Debts after one year +€7,557
up €7,557 (+50.6%), from €14,936 to €22,493
- Gross operating margin -€5,409
down €5,409 (-9.2%), from €58,966 to €53,556
- Financial charges +€1,866
up €1,866 (+100%), from €1,857 to €3,722
- Depreciation -€1,851
down €1,851 (-3.1%), from €59,081 to €57,230
- Other operating charges -€661
down €661 (-12.4%), from €5,319 to €4,659
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 | €707,458 | €681,009 | -€26,449 | -3.7% |
| Fixed assets | 21/28 | €704,265 | €667,252 | -€37,013 | -5.3% |
| Tangible fixed assets | 22/27 | €704,265 | €667,252 | -€37,013 | -5.3% |
| Land and buildings | 22 | €696,866 | €661,952 | -€34,914 | -5.0% |
| Plant, machinery and equipment | 23 | €1,801 | €1,127 | -€674 | -37.4% |
| Furniture and vehicles | 24 | €5,598 | €4,173 | -€1,425 | -25.5% |
| Current assets | 29/58 | €3,193 | €13,757 | +€10,565 | +331% |
| Amounts receivable within one year | 40/41 | €1,062 | €275 | -€787 | -74.1% |
| Trade receivables | 40 | - | €275 | +€275 | |
| Other amounts receivable | 41 | €1,062 | - | -€1,062 | |
| Cash at bank and in hand | 54/58 | - | €10,921 | +€10,921 | |
| Deferred charges and accrued income | 490/1 | €2,130 | €2,561 | +€431 | +20.2% |
| Total equity and liabilities | 10/49 | €707,458 | €681,009 | -€26,449 | -3.7% |
| Equity | 10/15 | €236,366 | €224,066 | -€12,301 | -5.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | - | €61,500 | +€61,500 | |
| Issued capital | 100 | - | €61,500 | +€61,500 | |
| Contributions outside capital | 11 | €61,500 | - | -€61,500 | |
| Other | 1109/19 | €61,500 | - | -€61,500 | |
| Reserves | 13 | €94,574 | €94,574 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,248 | €4,248 | = | 0.0% |
| Legal reserve | 130 | - | €4,248 | +€4,248 | |
| Reserves not available under the articles | 1311 | €4,248 | - | -€4,248 | |
| Tax-exempt reserves | 132 | €20,720 | €20,720 | = | 0.0% |
| Distributable reserves | 133 | €69,606 | €69,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,292 | €67,992 | -€12,301 | -15.3% |
| Amounts payable | 17/49 | €471,091 | €456,943 | -€14,148 | -3.0% |
| Amounts payable after more than one year | 17 | €14,936 | €22,493 | +€7,557 | +50.6% |
| Financial debts | 170/4 | €14,936 | €22,493 | +€7,557 | +50.6% |
| Amounts payable within one year | 42/48 | €456,155 | €434,451 | -€21,705 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €8,423 | €14,019 | +€5,596 | +66.4% |
| Financial debts | 43 | €3,555 | - | -€3,555 | |
| Credit institutions | 430/8 | €3,555 | - | -€3,555 | |
| Trade debts | 44 | €5,734 | €10,949 | +€5,215 | +90.9% |
| Suppliers | 440/4 | €5,734 | €10,949 | +€5,215 | +90.9% |
| Taxes, remuneration and social security | 45 | - | €2,038 | +€2,038 | |
| Taxes | 450/3 | - | €2,038 | +€2,038 | |
| Other amounts payable | 47/48 | €438,443 | €407,444 | -€30,999 | -7.1% |
| Non-recurring operating income | 76A | - | €223 | +€223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,081 | €57,230 | -€1,851 | -3.1% |
| Other operating charges | 640/8 | €5,319 | €4,659 | -€661 | -12.4% |
| Gross operating margin | 9900 | €58,966 | €53,556 | -€5,409 | -9.2% |
| Operating profit (loss) | 9901 | -€5,435 | -€8,332 | -€2,898 | -53.3% |
| Financial charges | 65/66B | €1,857 | €3,722 | +€1,866 | +100% |
| Recurring financial charges | 65 | €1,857 | €3,722 | +€1,866 | +100% |
| Profit (loss) for the period before taxes | 9903 | -€7,291 | -€12,055 | -€4,763 | -65.3% |
| Income taxes | 67/77 | - | €246 | +€246 | |
| Profit (loss) for the period | 9904 | -€7,291 | -€12,301 | -€5,009 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,291 | -€12,301 | -€5,009 | -68.7% |
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 20 October 2026 via checked.be.