LIFTELEC: 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.
LIFTELEC
Largest movements
- Receivables within one year -€6,574
down €6,574 (-8.5%), from €77,080 to €70,506
of which Trade receivables: -€6,450
- Cash +€5,908
up €5,908 (+12.9%), from €45,623 to €51,530
mainly Receivables within one year (+€6,574) and Trade debts (+€5,782)
- Stocks and contracts -€4,346
down €4,346 (-67.7%), from €6,417 to €2,071
- Tangible fixed assets +€1,473
up €1,473 (+11.2%), from €13,130 to €14,603
of which Furniture and vehicles: +€3,009
- Accrued charges and deferred income -€8,700
no longer reported in 2025 (was €8,700)
- Trade debts +€5,782
up €5,782 (+35.7%), from €16,186 to €21,968
- Other debts -€5,598
down €5,598 (-18.2%), from €30,747 to €25,149
- Tax, wage and social debts +€5,284
up €5,284 (+13.5%), from €39,115 to €44,399
of which Remuneration and social security: +€3,532
- Gross operating margin -€44,204
down €44,204 (-27.8%), from €158,993 to €114,789
- Staff costs +€22,354
up €22,354 (+26.9%), from €83,161 to €105,515
- Taxes -€18,281
down €18,281 (-92.5%), from €19,755 to €1,474
- Other operating charges +€1,794
up €1,794 (+78.0%), from €2,299 to €4,092
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 | €142,399 | €138,859 | -€3,540 | -2.5% |
| Fixed assets | 21/28 | €13,279 | €14,752 | +€1,473 | +11.1% |
| Tangible fixed assets | 22/27 | €13,130 | €14,603 | +€1,473 | +11.2% |
| Plant, machinery and equipment | 23 | €2,451 | €1,855 | -€596 | -24.3% |
| Furniture and vehicles | 24 | €1,805 | €4,815 | +€3,009 | +166.7% |
| Other tangible fixed assets | 26 | €8,874 | €7,934 | -€940 | -10.6% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €129,120 | €124,107 | -€5,013 | -3.9% |
| Stocks and contracts in progress | 3 | €6,417 | €2,071 | -€4,346 | -67.7% |
| Stocks | 30/36 | €6,417 | €2,071 | -€4,346 | -67.7% |
| Amounts receivable within one year | 40/41 | €77,080 | €70,506 | -€6,574 | -8.5% |
| Trade receivables | 40 | €76,781 | €70,331 | -€6,450 | -8.4% |
| Other amounts receivable | 41 | €299 | €175 | -€125 | -41.6% |
| Cash at bank and in hand | 54/58 | €45,623 | €51,530 | +€5,908 | +12.9% |
| Total equity and liabilities | 10/49 | €142,399 | €138,859 | -€3,540 | -2.5% |
| Equity | 10/15 | €47,651 | €47,344 | -€307 | -0.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €28,600 | €28,344 | -€256 | -0.9% |
| Distributable reserves | 133 | €28,600 | €28,344 | -€256 | -0.9% |
| Profit (loss) carried forward | 14 | €51 | - | -€51 | |
| Amounts payable | 17/49 | €94,748 | €91,515 | -€3,233 | -3.4% |
| Amounts payable within one year | 42/48 | €86,048 | €91,515 | +€5,467 | +6.4% |
| Trade debts | 44 | €16,186 | €21,968 | +€5,782 | +35.7% |
| Suppliers | 440/4 | €16,186 | €21,968 | +€5,782 | +35.7% |
| Taxes, remuneration and social security | 45 | €39,115 | €44,399 | +€5,284 | +13.5% |
| Taxes | 450/3 | €21,506 | €23,258 | +€1,752 | +8.1% |
| Remuneration and social security | 454/9 | €17,609 | €21,141 | +€3,532 | +20.1% |
| Other amounts payable | 47/48 | €30,747 | €25,149 | -€5,598 | -18.2% |
| Accrued charges and deferred income | 492/3 | €8,700 | - | -€8,700 | |
| Non-recurring operating income | 76A | €5 | - | -€5 | |
| Remuneration, social security and pensions | 62 | €83,161 | €105,515 | +€22,354 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,764 | €3,703 | +€939 | +34.0% |
| Other operating charges | 640/8 | €2,299 | €4,092 | +€1,794 | +78.0% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €158,993 | €114,789 | -€44,204 | -27.8% |
| Operating profit (loss) | 9901 | €70,768 | €1,478 | -€69,291 | -97.9% |
| Financial income | 75/76B | €21 | €10 | -€10 | -49.1% |
| Recurring financial income | 75 | €21 | €10 | -€10 | -49.1% |
| Financial charges | 65/66B | €266 | €321 | +€55 | +20.5% |
| Recurring financial charges | 65 | €266 | €321 | +€55 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €70,523 | €1,168 | -€69,355 | -98.3% |
| Income taxes | 67/77 | €19,755 | €1,474 | -€18,281 | -92.5% |
| Profit (loss) for the period | 9904 | €50,768 | -€307 | -€51,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,768 | -€307 | -€51,075 |
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.