LIFTHING: 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.
What changed
LIFTHING
NACE 33.120, Repair and maintenance of machinery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€47,149
2024 · €131,397-€84,248
Equity
€1.0m
2024 · €1.2m-€152,851
Cash
€649,638
2024 · €812,254-€162,616
Balance sheet total
€5.7m
2024 · €5.0m+€731,451
Largest movements
Assets
- Receivables within one year +€757,046
up €757,046 (+55.4%), from €1.4m to €2.1m
of which Trade receivables: +€832,569
- Cash -€162,616
down €162,616 (-20.0%), from €812,254 to €649,638
mainly Investment in fixed assets (net) (-€853,402) and Receivables within one year (-€757,046)
- Financial fixed assets +€91,720
up €91,720 (+81.0%), from €113,192 to €204,912
Equity and liabilities
- Provisions +€850,000
new in 2025: €850,000
- Trade debts -€250,605
down €250,605 (-19.4%), from €1.3m to €1.0m
- Other debts +€168,089
new in 2025: €168,089
- Profit (loss) carried forward -€152,851
down €152,851 (-15.4%), from €991,058 to €838,206
- Current portion of long-term debt +€79,685
up €79,685 (+15.0%), from €530,135 to €609,820
Income statement
- Gross operating margin +€1.1m
up €1.1m (+38.7%), from €2.8m to €3.8m
- Provisions +€850,000
new in 2025: €850,000
- Staff costs +€304,040
up €304,040 (+18.6%), from €1.6m to €1.9m
- Depreciation +€53,422
up €53,422 (+7.9%), from €677,240 to €730,662
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.
Result 2024
€131,397
Gross operating margin
+€1.1m
Staff costs
-€304,040
Depreciation
-€53,422
Write-downs
+€22,224
Provisions
-€850,000
Other operating charges
-€2,203
Financial income
+€8,414
Financial charges
+€2,737
Taxes
+€24,327
Result 2025
€47,149
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.
From operations
+€808,646
Investment
-€853,402
Financing
-€117,859
Cash 2024
€812,254
From operations (derived)
+€808,646
Net result for the year
+€47,149
Depreciation
+€730,662
Receivables within one year
-€757,046
Deferred charges and accrued income
-€14,281
Provisions
+€850,000
Trade debts
-€250,605
Tax, wage and social debts
+€29,191
Other debts
+€168,089
Accrued charges and deferred income
+€5,485
Investment (derived)
-€853,402
Investment in fixed assets (net)
-€853,402
Financing
-€117,859
Debts after one year
+€2,456
Current portion of long-term debt
+€79,685
Contributions, distributions and other
-€200,000
Cash 2025
€649,638
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,016,651 | €5,748,102 | +€731,451 | +14.6% |
| Fixed assets | 21/28 | €2,816,857 | €2,939,598 | +€122,740 | +4.4% |
| Intangible fixed assets | 21 | €4,635 | €18,993 | +€14,358 | +309.8% |
| Tangible fixed assets | 22/27 | €2,699,030 | €2,715,693 | +€16,662 | +0.6% |
| Land and buildings | 22 | €60,478 | €53,477 | -€7,001 | -11.6% |
| Plant, machinery and equipment | 23 | €511,674 | €503,734 | -€7,940 | -1.6% |
| Furniture and vehicles | 24 | €63,038 | €47,928 | -€15,111 | -24.0% |
| Leasing and similar rights | 25 | €2,063,839 | €2,110,554 | +€46,714 | +2.3% |
| Financial fixed assets | 28 | €113,192 | €204,912 | +€91,720 | +81.0% |
| Current assets | 29/58 | €2,199,794 | €2,808,504 | +€608,711 | +27.7% |
| Amounts receivable within one year | 40/41 | €1,365,860 | €2,122,906 | +€757,046 | +55.4% |
| Trade receivables | 40 | €1,148,297 | €1,980,865 | +€832,569 | +72.5% |
| Other amounts receivable | 41 | €217,563 | €142,040 | -€75,523 | -34.7% |
| Cash at bank and in hand | 54/58 | €812,254 | €649,638 | -€162,616 | -20.0% |
| Deferred charges and accrued income | 490/1 | €21,680 | €35,960 | +€14,281 | +65.9% |
| Total equity and liabilities | 10/49 | €5,016,651 | €5,748,102 | +€731,451 | +14.6% |
| Equity | 10/15 | €1,160,429 | €1,007,577 | -€152,851 | -13.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €69,371 | €69,371 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,371 | €59,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | €991,058 | €838,206 | -€152,851 | -15.4% |
| Provisions and deferred taxes | 16 | - | €850,000 | +€850,000 | |
| Provisions for liabilities and charges | 160/5 | - | €850,000 | +€850,000 | |
| Other liabilities and charges | 164/5 | - | €850,000 | +€850,000 | |
| Amounts payable | 17/49 | €3,856,222 | €3,890,524 | +€34,302 | +0.9% |
| Amounts payable after more than one year | 17 | €1,721,380 | €1,723,837 | +€2,456 | +0.1% |
| Financial debts | 170/4 | €1,721,380 | €1,723,837 | +€2,456 | +0.1% |
| Amounts payable within one year | 42/48 | €2,133,486 | €2,159,847 | +€26,361 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €530,135 | €609,820 | +€79,685 | +15.0% |
| Trade debts | 44 | €1,290,428 | €1,039,824 | -€250,605 | -19.4% |
| Suppliers | 440/4 | €1,290,428 | €1,039,824 | -€250,605 | -19.4% |
| Taxes, remuneration and social security | 45 | €312,922 | €342,114 | +€29,191 | +9.3% |
| Taxes | 450/3 | €89,656 | €127,058 | +€37,402 | +41.7% |
| Remuneration and social security | 454/9 | €223,267 | €215,056 | -€8,211 | -3.7% |
| Other amounts payable | 47/48 | - | €168,089 | +€168,089 | |
| Accrued charges and deferred income | 492/3 | €1,356 | €6,841 | +€5,485 | +404.6% |
| Remuneration, social security and pensions | 62 | €1,632,366 | €1,936,406 | +€304,040 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €677,240 | €730,662 | +€53,422 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,983 | €24,759 | -€22,224 | -47.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €850,000 | +€850,000 | |
| Other operating charges | 640/8 | €110,303 | €112,505 | +€2,203 | +2.0% |
| Gross operating margin | 9900 | €2,755,798 | €3,823,512 | +€1.1m | +38.7% |
| Operating profit (loss) | 9901 | €288,907 | €169,180 | -€119,727 | -41.4% |
| Financial income | 75/76B | €7,589 | €16,004 | +€8,414 | +110.9% |
| Recurring financial income | 75 | €7,589 | €16,004 | +€8,414 | +110.9% |
| Financial charges | 65/66B | €105,440 | €102,703 | -€2,737 | -2.6% |
| Recurring financial charges | 65 | €105,440 | €102,703 | -€2,737 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €191,056 | €82,481 | -€108,575 | -56.8% |
| Income taxes | 67/77 | €59,659 | €35,332 | -€24,327 | -40.8% |
| Profit (loss) for the period | 9904 | €131,397 | €47,149 | -€84,248 | -64.1% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,297 | €47,149 | -€42,148 | -47.2% |
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.