LIFTDA: 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.
LIFTDA
Largest movements
- Tangible fixed assets +€314,184
up €314,184 (+229.0%), from €137,211 to €451,395
of which Land and buildings: +€330,084
- Cash +€33,034
up €33,034 (+458.2%), from €7,209 to €40,243
mainly Debts after one year (+€291,999) and Net result for the year (+€94,535)
- Receivables within one year -€12,686
down €12,686 (-29.0%), from €43,690 to €31,003
of which Trade receivables: -€10,166
- Debts after one year +€291,999
up €291,999 (+896.4%), from €32,574 to €324,573
- Other debts +€24,614
up €24,614 (+35.2%), from €69,983 to €94,597
- Current portion of long-term debt +€12,225
up €12,225 (+93.4%), from €13,084 to €25,309
- Tax, wage and social debts +€6,340
up €6,340 (+44.5%), from €14,247 to €20,587
of which Taxes: +€10,084
- Gross operating margin +€33,164
up €33,164 (+16.7%), from €198,315 to €231,479
- Staff costs -€26,338
down €26,338 (-27.2%), from €96,811 to €70,473
- Financial charges +€9,826
up €9,826 (+552.6%), from €1,778 to €11,604
- Depreciation +€2,981
up €2,981 (+11.9%), from €25,007 to €27,989
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 | €193,768 | €532,157 | +€338,389 | +174.6% |
| Fixed assets | 21/28 | €137,419 | €451,500 | +€314,081 | +228.6% |
| Intangible fixed assets | 21 | €208 | €0 | -€208 | -100.0% |
| Tangible fixed assets | 22/27 | €137,211 | €451,395 | +€314,184 | +229.0% |
| Land and buildings | 22 | €88,935 | €419,019 | +€330,084 | +371.2% |
| Plant, machinery and equipment | 23 | €9,955 | €17,444 | +€7,489 | +75.2% |
| Furniture and vehicles | 24 | €38,321 | €14,931 | -€23,389 | -61.0% |
| Financial fixed assets | 28 | - | €105 | +€105 | |
| Current assets | 29/58 | €56,350 | €80,657 | +€24,307 | +43.1% |
| Amounts receivable within one year | 40/41 | €43,690 | €31,003 | -€12,686 | -29.0% |
| Trade receivables | 40 | €37,416 | €27,249 | -€10,166 | -27.2% |
| Other amounts receivable | 41 | €6,274 | €3,754 | -€2,520 | -40.2% |
| Cash at bank and in hand | 54/58 | €7,209 | €40,243 | +€33,034 | +458.2% |
| Deferred charges and accrued income | 490/1 | €5,451 | €9,410 | +€3,959 | +72.6% |
| Total equity and liabilities | 10/49 | €193,768 | €532,157 | +€338,389 | +174.6% |
| Equity | 10/15 | €54,678 | €54,714 | +€35 | +0.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,678 | €51,714 | +€35 | +0.1% |
| Distributable reserves | 133 | €51,678 | €51,714 | +€35 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €139,090 | €477,443 | +€338,353 | +243.3% |
| Amounts payable after more than one year | 17 | €32,574 | €324,573 | +€291,999 | +896.4% |
| Financial debts | 170/4 | €32,574 | €324,573 | +€291,999 | +896.4% |
| Amounts payable within one year | 42/48 | €106,516 | €152,870 | +€46,354 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €13,084 | €25,309 | +€12,225 | +93.4% |
| Trade debts | 44 | €9,203 | €11,378 | +€2,175 | +23.6% |
| Suppliers | 440/4 | €9,203 | €11,378 | +€2,175 | +23.6% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €14,247 | €20,587 | +€6,340 | +44.5% |
| Taxes | 450/3 | €1,804 | €11,887 | +€10,084 | +559.1% |
| Remuneration and social security | 454/9 | €12,443 | €8,700 | -€3,743 | -30.1% |
| Other amounts payable | 47/48 | €69,983 | €94,597 | +€24,614 | +35.2% |
| Non-recurring operating income | 76A | - | €554 | +€554 | |
| Remuneration, social security and pensions | 62 | €96,811 | €70,473 | -€26,338 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,007 | €27,989 | +€2,981 | +11.9% |
| Other operating charges | 640/8 | €3,546 | €1,618 | -€1,928 | -54.4% |
| Non-recurring operating charges | 66A | €0 | €8,797 | +€8,797 | |
| Gross operating margin | 9900 | €198,315 | €231,479 | +€33,164 | +16.7% |
| Operating profit (loss) | 9901 | €72,949 | €122,602 | +€49,653 | +68.1% |
| Financial income | 75/76B | €0 | €2 | +€2 | +21700.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +21700.0% |
| Financial charges | 65/66B | €1,778 | €11,604 | +€9,826 | +552.6% |
| Recurring financial charges | 65 | €1,778 | €11,604 | +€9,826 | +552.6% |
| Profit (loss) for the period before taxes | 9903 | €71,171 | €111,000 | +€39,829 | +56.0% |
| Income taxes | 67/77 | €15,815 | €16,465 | +€650 | +4.1% |
| Profit (loss) for the period | 9904 | €55,357 | €94,535 | +€39,179 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,357 | €94,535 | +€39,179 | +70.8% |
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.