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LIIA: 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

LIIA

BE 0833.839.318
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€621
2024 · -€6,715+€6,094
Equity
€38,280
2024 · €46,400-€8,121
Cash
€1,995
2024 · €719+€1,276
Balance sheet total
€87,184
2024 · €56,058+€31,126

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€26,944

    up €26,944 (+48.7%), from €55,339 to €82,283

    of which Trade receivables: +€27,255

  • Tangible fixed assets +€2,906

    new in 2025: €2,906

  • Cash +€1,276

    up €1,276 (+177.5%), from €719 to €1,995

    mainly Trade debts (+€26,579) and Other debts (+€12,657)

Equity and liabilities
  • Trade debts +€26,579

    up €26,579 (+485.7%), from €5,472 to €32,051

  • Profit (loss) carried forward -€25,940

    no longer reported in 2025 (was €25,940)

  • Reserves +€17,820

    up €17,820 (+958.1%), from €1,860 to €19,680

    of which Distributable reserves: +€17,820

  • Other debts +€12,657

    up €12,657 (+302.4%), from €4,185 to €16,842

Income statement
  • Gross operating margin +€6,968

    up €6,968, from -€5,293 to €1,675

  • Depreciation +€851

    new in 2025: €851

  • Financial charges +€73

    up €73 (+16.5%), from €443 to €517

  • Other operating charges -€61

    down €61 (-6.2%), from €979 to €918

From the 2024 result to the 2025 result

effect on the 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 -€6,715
Gross operating margin +€6,968
Depreciation -€851
Other operating charges +€61
Financial charges -€73
Taxes -€11
Result 2025 -€621

Cash bridge derived

cash 2024 to 2025

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 +€12,533
Investment -€3,757
Financing -€7,500
Cash 2024 €719
Net result for the year -€621
Depreciation +€851
Receivables within one year -€26,944
Trade debts +€26,579
Tax, wage and social debts +€11
Other debts +€12,657
Investment in fixed assets (net) -€3,757
Contributions, distributions and other -€7,500
Cash 2025 €1,995
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €56,058 €87,184 +€31,126 +55.5%
Fixed assets 21/28 - €2,906 +€2,906
Tangible fixed assets 22/27 - €2,906 +€2,906
Furniture and vehicles 24 - €2,906 +€2,906
Current assets 29/58 €56,058 €84,278 +€28,220 +50.3%
Amounts receivable within one year 40/41 €55,339 €82,283 +€26,944 +48.7%
Trade receivables 40 €2,072 €29,327 +€27,255 +1315.2%
Other amounts receivable 41 €53,267 €52,956 -€311 -0.6%
Cash at bank and in hand 54/58 €719 €1,995 +€1,276 +177.5%
Total equity and liabilities 10/49 €56,058 €87,184 +€31,126 +55.5%
Equity 10/15 €46,400 €38,280 -€8,121 -17.5%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €1,860 €19,680 +€17,820 +958.1%
Non-distributable reserves 130/1 €0 - =
Reserves not available under the articles 1311 €0 - =
Distributable reserves 133 €1,860 €19,680 +€17,820 +958.1%
Profit (loss) carried forward 14 €25,940 - -€25,940
Amounts payable 17/49 €9,658 €48,904 +€39,247 +406.4%
Amounts payable within one year 42/48 €9,658 €48,904 +€39,247 +406.4%
Trade debts 44 €5,472 €32,051 +€26,579 +485.7%
Suppliers 440/4 €5,472 €32,051 +€26,579 +485.7%
Taxes, remuneration and social security 45 - €11 +€11
Taxes 450/3 - €11 +€11
Other amounts payable 47/48 €4,185 €16,842 +€12,657 +302.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €851 +€851
Other operating charges 640/8 €979 €918 -€61 -6.2%
Gross operating margin 9900 -€5,293 €1,675 +€6,968
Operating profit (loss) 9901 -€6,271 -€93 +€6,178 +98.5%
Financial charges 65/66B €443 €517 +€73 +16.5%
Recurring financial charges 65 €443 €517 +€73 +16.5%
Profit (loss) for the period before taxes 9903 -€6,715 -€610 +€6,105 +90.9%
Income taxes 67/77 €0 €11 +€11
Profit (loss) for the period 9904 -€6,715 -€621 +€6,094 +90.8%
Profit (loss) for the period to be appropriated 9905 -€6,715 -€621 +€6,094 +90.8%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.