LIFTERS: 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.
LIFTERS
Largest movements
- Tangible fixed assets -€20,299
down €20,299 (-28.1%), from €72,180 to €51,880
of which Leasing and similar rights: -€22,690
- Receivables within one year -€10,944
down €10,944 (-30.4%), from €35,980 to €25,035
of which Trade receivables: -€12,443
- Cash +€4,572
up €4,572 (+26.9%), from €16,980 to €21,552
mainly Depreciation (+€29,049) and Receivables within one year (+€10,944)
- Debts after one year -€22,884
down €22,884 (-51.5%), from €44,414 to €21,530
- Trade debts -€7,456
down €7,456 (-77.9%), from €9,566 to €2,110
- Reserves +€4,901
up €4,901 (+46.0%), from €10,651 to €15,551
- Other debts -€3,137
down €3,137 (-10.3%), from €30,401 to €27,264
- Write-downs +€26,847
up €26,847 (+3089.4%), from €869 to €27,716
- Gross operating margin +€16,940
up €16,940 (+32.6%), from €51,908 to €68,848
- Taxes -€1,841
down €1,841 (-55.9%), from €3,293 to €1,452
- Other operating charges -€1,130
down €1,130 (-39.1%), from €2,886 to €1,756
- Depreciation +€880
up €880 (+3.1%), from €28,169 to €29,049
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 | €126,169 | €98,957 | -€27,212 | -21.6% |
| Fixed assets | 21/28 | €73,063 | €52,200 | -€20,863 | -28.6% |
| Intangible fixed assets | 21 | €883 | €320 | -€564 | -63.8% |
| Tangible fixed assets | 22/27 | €72,180 | €51,880 | -€20,299 | -28.1% |
| Plant, machinery and equipment | 23 | €273 | €3,198 | +€2,925 | +1072.7% |
| Furniture and vehicles | 24 | €10,862 | €10,328 | -€535 | -4.9% |
| Leasing and similar rights | 25 | €61,044 | €38,355 | -€22,690 | -37.2% |
| Current assets | 29/58 | €53,106 | €46,757 | -€6,349 | -12.0% |
| Amounts receivable within one year | 40/41 | €35,980 | €25,035 | -€10,944 | -30.4% |
| Trade receivables | 40 | €34,694 | €22,252 | -€12,443 | -35.9% |
| Other amounts receivable | 41 | €1,285 | €2,784 | +€1,499 | +116.6% |
| Cash at bank and in hand | 54/58 | €16,980 | €21,552 | +€4,572 | +26.9% |
| Deferred charges and accrued income | 490/1 | €147 | €169 | +€23 | +15.6% |
| Total equity and liabilities | 10/49 | €126,169 | €98,957 | -€27,212 | -21.6% |
| Equity | 10/15 | €16,651 | €21,551 | +€4,901 | +29.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €10,651 | €15,551 | +€4,901 | +46.0% |
| Distributable reserves | 133 | €10,651 | €15,551 | +€4,901 | +46.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €109,518 | €77,405 | -€32,113 | -29.3% |
| Amounts payable after more than one year | 17 | €44,414 | €21,530 | -€22,884 | -51.5% |
| Financial debts | 170/4 | €44,414 | €21,530 | -€22,884 | -51.5% |
| Amounts payable within one year | 42/48 | €65,105 | €55,875 | -€9,229 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €21,844 | €22,884 | +€1,039 | +4.8% |
| Trade debts | 44 | €9,566 | €2,110 | -€7,456 | -77.9% |
| Suppliers | 440/4 | €9,566 | €2,110 | -€7,456 | -77.9% |
| Taxes, remuneration and social security | 45 | €3,293 | €3,618 | +€324 | +9.9% |
| Taxes | 450/3 | €3,293 | €3,618 | +€324 | +9.9% |
| Other amounts payable | 47/48 | €30,401 | €27,264 | -€3,137 | -10.3% |
| Non-recurring operating income | 76A | €11,438 | €0 | -€11,438 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,169 | €29,049 | +€880 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €869 | €27,716 | +€26,847 | +3089.4% |
| Other operating charges | 640/8 | €2,886 | €1,756 | -€1,130 | -39.1% |
| Gross operating margin | 9900 | €51,908 | €68,848 | +€16,940 | +32.6% |
| Operating profit (loss) | 9901 | €19,984 | €10,327 | -€9,657 | -48.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -75.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -75.0% |
| Financial charges | 65/66B | €3,764 | €3,974 | +€209 | +5.6% |
| Recurring financial charges | 65 | €3,764 | €3,974 | +€209 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €16,220 | €6,353 | -€9,867 | -60.8% |
| Income taxes | 67/77 | €3,293 | €1,452 | -€1,841 | -55.9% |
| Profit (loss) for the period | 9904 | €12,927 | €4,901 | -€8,026 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,927 | €4,901 | -€8,026 | -62.1% |
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 6 October 2026 via checked.be.