LIFT: 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.
LIFT
Largest movements
- Cash -€176,099
down €176,099 (-91.9%), from €191,608 to €15,509
mainly Investment in fixed assets (net) (-€163,071) and Receivables within one year (-€105,154)
- Financial fixed assets +€107,292
up €107,292 (+13.3%), from €804,508 to €911,800
- Receivables within one year +€105,154
up €105,154 (+27.2%), from €386,253 to €491,407
of which Other amounts receivable: +€78,608
- Tangible fixed assets +€22,454
up €22,454 (+18.5%), from €121,114 to €143,568
of which Other tangible fixed assets: +€28,221
- Reserves +€62,617
up €62,617 (+4.4%), from €1.4m to €1.5m
of which Distributable reserves: +€62,617
- Debts after one year -€19,013
down €19,013 (-25.5%), from €74,696 to €55,683
- Financial income +€78,036
up €78,036 (+341.7%), from €22,836 to €100,873
- Gross operating margin -€37,909
down €37,909 (-60.4%), from €62,739 to €24,829
- Depreciation +€18,165
up €18,165 (+60.2%), from €30,153 to €48,318
- Other operating charges -€6,984
down €6,984 (-72.0%), from €9,697 to €2,713
- Taxes +€2,363
up €2,363 (+36.7%), from €6,441 to €8,804
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 | €1,579,347 | €1,631,448 | +€52,101 | +3.3% |
| Fixed assets | 21/28 | €985,590 | €1,100,344 | +€114,753 | +11.6% |
| Intangible fixed assets | 21 | €59,968 | €44,976 | -€14,992 | -25.0% |
| Tangible fixed assets | 22/27 | €121,114 | €143,568 | +€22,454 | +18.5% |
| Furniture and vehicles | 24 | €121,114 | €115,347 | -€5,767 | -4.8% |
| Other tangible fixed assets | 26 | - | €28,221 | +€28,221 | |
| Financial fixed assets | 28 | €804,508 | €911,800 | +€107,292 | +13.3% |
| Current assets | 29/58 | €593,756 | €531,104 | -€62,652 | -10.6% |
| Amounts receivable within one year | 40/41 | €386,253 | €491,407 | +€105,154 | +27.2% |
| Trade receivables | 40 | €908 | €27,454 | +€26,546 | +2925.2% |
| Other amounts receivable | 41 | €385,346 | €463,953 | +€78,608 | +20.4% |
| Cash at bank and in hand | 54/58 | €191,608 | €15,509 | -€176,099 | -91.9% |
| Deferred charges and accrued income | 490/1 | €15,895 | €24,187 | +€8,293 | +52.2% |
| Total equity and liabilities | 10/49 | €1,579,347 | €1,631,448 | +€52,101 | +3.3% |
| Equity | 10/15 | €1,475,319 | €1,537,937 | +€62,617 | +4.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,413,819 | €1,476,437 | +€62,617 | +4.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,407,669 | €1,470,287 | +€62,617 | +4.4% |
| Amounts payable | 17/49 | €104,027 | €93,511 | -€10,517 | -10.1% |
| Amounts payable after more than one year | 17 | €74,696 | €55,683 | -€19,013 | -25.5% |
| Financial debts | 170/4 | €74,696 | €55,683 | -€19,013 | -25.5% |
| Amounts payable within one year | 42/48 | €29,332 | €37,828 | +€8,496 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €18,388 | €19,013 | +€625 | +3.4% |
| Trade debts | 44 | €3,451 | €5,681 | +€2,230 | +64.6% |
| Suppliers | 440/4 | €3,451 | €5,681 | +€2,230 | +64.6% |
| Taxes, remuneration and social security | 45 | €7,493 | €13,134 | +€5,641 | +75.3% |
| Taxes | 450/3 | €7,493 | €13,134 | +€5,641 | +75.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €38,220 | €0 | -€38,220 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,153 | €48,318 | +€18,165 | +60.2% |
| Other operating charges | 640/8 | €9,697 | €2,713 | -€6,984 | -72.0% |
| Gross operating margin | 9900 | €62,739 | €24,829 | -€37,909 | -60.4% |
| Operating profit (loss) | 9901 | €22,889 | -€26,202 | -€49,090 | |
| Financial income | 75/76B | €22,836 | €100,873 | +€78,036 | +341.7% |
| Recurring financial income | 75 | €22,836 | €100,873 | +€78,036 | +341.7% |
| Financial charges | 65/66B | €923 | €3,249 | +€2,327 | +252.2% |
| Recurring financial charges | 65 | €923 | €3,249 | +€2,327 | +252.2% |
| Profit (loss) for the period before taxes | 9903 | €44,802 | €71,421 | +€26,619 | +59.4% |
| Income taxes | 67/77 | €6,441 | €8,804 | +€2,363 | +36.7% |
| Profit (loss) for the period | 9904 | €38,361 | €62,617 | +€24,256 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,361 | €62,617 | +€24,256 | +63.2% |
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 11 October 2026 via checked.be.