LIFEI: what changed
Two fiscal 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.
LIFEI
Largest movements
- Receivables within one year +€115,408
up €115,408 (+138.3%), from €83,449 to €198,858
of which Trade receivables: +€117,273
- Stocks and contracts +€8,698
up €8,698 (+1327.0%), from €656 to €9,354
- Tangible fixed assets -€8,379
down €8,379 (-17.7%), from €47,283 to €38,904
- Cash +€3,584
up €3,584 (+464.0%), from €772 to €4,356
mainly Trade debts (+€124,278) and Depreciation (+€8,379)
- Trade debts +€124,278
up €124,278 (+32351.5%), from €384 to €124,662
- Debts after one year -€4,749
no longer reported in 2025 (was €4,749)
- Profit (loss) carried forward +€4,362
up €4,362 (+11.9%), from €36,645 to €41,007
- Tax, wage and social debts -€3,771
down €3,771 (-18.9%), from €19,939 to €16,168
of which Taxes: -€3,771
- Financial charges +€130,438
up €130,438 (+6464.8%), from €2,018 to €132,456
of which Non-recurring financial charges: +€129,177
- Gross operating margin +€116,874
up €116,874 (+369.4%), from €31,642 to €148,517
- Taxes -€3,378
down €3,378 (-54.2%), from €6,226 to €2,849
- Other operating charges -€3,350
down €3,350 (-75.9%), from €4,416 to €1,066
- Depreciation -€1,666
down €1,666 (-16.6%), from €10,045 to €8,379
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 | €132,160 | €251,471 | +€119,311 | +90.3% |
| Fixed assets | 21/28 | €47,283 | €38,904 | -€8,379 | -17.7% |
| Tangible fixed assets | 22/27 | €47,283 | €38,904 | -€8,379 | -17.7% |
| Land and buildings | 22 | €36,985 | €33,054 | -€3,931 | -10.6% |
| Plant, machinery and equipment | 23 | €3,246 | €998 | -€2,249 | -69.3% |
| Furniture and vehicles | 24 | €7,052 | €4,852 | -€2,200 | -31.2% |
| Current assets | 29/58 | €84,877 | €212,568 | +€127,691 | +150.4% |
| Stocks and contracts in progress | 3 | €656 | €9,354 | +€8,698 | +1327.0% |
| Stocks | 30/36 | €656 | €9,354 | +€8,698 | +1327.0% |
| Amounts receivable within one year | 40/41 | €83,449 | €198,858 | +€115,408 | +138.3% |
| Trade receivables | 40 | €2,055 | €119,328 | +€117,273 | +5706.1% |
| Other amounts receivable | 41 | €81,394 | €79,530 | -€1,864 | -2.3% |
| Cash at bank and in hand | 54/58 | €772 | €4,356 | +€3,584 | +464.0% |
| Total equity and liabilities | 10/49 | €132,160 | €251,471 | +€119,311 | +90.3% |
| Equity | 10/15 | €101,530 | €105,892 | +€4,362 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,284 | €46,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,424 | €44,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,645 | €41,007 | +€4,362 | +11.9% |
| Amounts payable | 17/49 | €30,630 | €145,580 | +€114,949 | +375.3% |
| Amounts payable after more than one year | 17 | €4,749 | - | -€4,749 | |
| Financial debts | 170/4 | €4,749 | - | -€4,749 | |
| Amounts payable within one year | 42/48 | €25,881 | €145,580 | +€119,699 | +462.5% |
| Current portion of amounts payable after more than one year | 42 | €5,558 | €4,749 | -€808 | -14.5% |
| Trade debts | 44 | €384 | €124,662 | +€124,278 | +32351.5% |
| Suppliers | 440/4 | €384 | €124,662 | +€124,278 | +32351.5% |
| Taxes, remuneration and social security | 45 | €19,939 | €16,168 | -€3,771 | -18.9% |
| Taxes | 450/3 | €18,895 | €15,124 | -€3,771 | -20.0% |
| Remuneration and social security | 454/9 | €1,044 | €1,044 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,173 | €3,754 | -€418 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,045 | €8,379 | -€1,666 | -16.6% |
| Other operating charges | 640/8 | €4,416 | €1,066 | -€3,350 | -75.9% |
| Gross operating margin | 9900 | €31,642 | €148,517 | +€116,874 | +369.4% |
| Operating profit (loss) | 9901 | €13,008 | €135,317 | +€122,309 | +940.2% |
| Financial income | 75/76B | €4,676 | €4,350 | -€326 | -7.0% |
| Recurring financial income | 75 | €4,676 | €4,350 | -€326 | -7.0% |
| Financial charges | 65/66B | €2,018 | €132,456 | +€130,438 | +6464.8% |
| Recurring financial charges | 65 | €2,018 | €3,279 | +€1,262 | +62.5% |
| Non-recurring financial charges | 66B | - | €129,177 | +€129,177 | |
| Profit (loss) for the period before taxes | 9903 | €15,666 | €7,211 | -€8,456 | -54.0% |
| Income taxes | 67/77 | €6,226 | €2,849 | -€3,378 | -54.2% |
| Profit (loss) for the period | 9904 | €9,440 | €4,362 | -€5,078 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,440 | €4,362 | -€5,078 | -53.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.