LiFt IT: 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 IT
Largest movements
- Cash -€47,007
down €47,007 (-84.6%), from €55,557 to €8,549
mainly Investment in fixed assets (net) (-€33,956) and Debts after one year (-€13,006)
- Tangible fixed assets +€32,087
up €32,087 (+10.3%), from €312,452 to €344,538
of which Assets under construction and advance payments: +€24,373
- Debts after one year -€13,006
down €13,006 (-3.8%), from €346,792 to €333,786
- Profit (loss) carried forward -€6,008
new in 2025: -€6,008
- Gross operating margin -€9,859
down €9,859 (-42.6%), from €23,127 to €13,268
- Financial charges -€2,260
down €2,260 (-12.1%), from €18,637 to €16,377
- Other operating charges -€803
down €803 (-48.1%), from €1,670 to €867
- Depreciation +€533
up €533 (+21.4%), from €2,487 to €3,020
- Financial income +€450
up €450 (+207%), from €217 to €668
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 | €370,311 | €356,268 | -€14,043 | -3.8% |
| Formation expenses | 20 | €1,150 | - | -€1,150 | |
| Fixed assets | 21/28 | €312,452 | €344,538 | +€32,087 | +10.3% |
| Tangible fixed assets | 22/27 | €312,452 | €344,538 | +€32,087 | +10.3% |
| Land and buildings | 22 | €304,184 | €304,184 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,163 | €3,758 | -€1,405 | -27.2% |
| Furniture and vehicles | 24 | - | €9,118 | +€9,118 | |
| Assets under construction and advance payments | 27 | €3,105 | €27,478 | +€24,373 | +785% |
| Current assets | 29/58 | €56,710 | €11,730 | -€44,980 | -79.3% |
| Amounts receivable within one year | 40/41 | €303 | €1,650 | +€1,347 | +444% |
| Trade receivables | 40 | €299 | €1,646 | +€1,347 | +450% |
| Other amounts receivable | 41 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,557 | €8,549 | -€47,007 | -84.6% |
| Deferred charges and accrued income | 490/1 | €850 | €1,531 | +€681 | +80.2% |
| Total equity and liabilities | 10/49 | €370,311 | €356,268 | -€14,043 | -3.8% |
| Equity | 10/15 | €5,354 | -€1,008 | -€6,361 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €354 | - | -€354 | |
| Distributable reserves | 133 | €354 | - | -€354 | |
| Profit (loss) carried forward | 14 | - | -€6,008 | -€6,008 | |
| Amounts payable | 17/49 | €364,958 | €357,276 | -€7,682 | -2.1% |
| Amounts payable after more than one year | 17 | €346,792 | €333,786 | -€13,006 | -3.8% |
| Financial debts | 170/4 | €346,792 | €333,786 | -€13,006 | -3.8% |
| Amounts payable within one year | 42/48 | €18,166 | €23,490 | +€5,324 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €12,437 | €13,006 | +€569 | +4.6% |
| Trade debts | 44 | €462 | €2,454 | +€1,993 | +432% |
| Suppliers | 440/4 | €462 | €2,454 | +€1,993 | +432% |
| Taxes, remuneration and social security | 45 | €894 | €3,411 | +€2,517 | +281% |
| Taxes | 450/3 | €894 | €2,411 | +€1,517 | +170% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €4,373 | €4,619 | +€246 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,487 | €3,020 | +€533 | +21.4% |
| Other operating charges | 640/8 | €1,670 | €867 | -€803 | -48.1% |
| Gross operating margin | 9900 | €23,127 | €13,268 | -€9,859 | -42.6% |
| Operating profit (loss) | 9901 | €18,970 | €9,381 | -€9,589 | -50.5% |
| Financial income | 75/76B | €217 | €668 | +€450 | +207% |
| Recurring financial income | 75 | €217 | €668 | +€450 | +207% |
| Financial charges | 65/66B | €18,637 | €16,377 | -€2,260 | -12.1% |
| Recurring financial charges | 65 | €18,637 | €16,377 | -€2,260 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €550 | -€6,328 | -€6,878 | |
| Income taxes | 67/77 | €196 | €33 | -€163 | -83.1% |
| Profit (loss) for the period | 9904 | €354 | -€6,361 | -€6,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €354 | -€6,361 | -€6,715 |
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 27 October 2026 via checked.be.