LIJOFRE: 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.
LIJOFRE
Largest movements
- Tangible fixed assets -€42,683
down €42,683 (-4.6%), from €934,206 to €891,523
of which Land and buildings: -€31,815
- Cash -€13,904
down €13,904 (-99.2%), from €14,019 to €115
mainly Other debts (-€125,337) and Deferred charges and accrued income (-€865)
- Other debts -€125,337
down €125,337 (-38.8%), from €323,181 to €197,844
- Reserves +€35,483
up €35,483 (+5.9%), from €604,333 to €639,816
of which Distributable reserves: +€44,306
- Tax, wage and social debts +€25,111
up €25,111 (+426.5%), from €5,887 to €30,998
- Gross operating margin +€22,371
up €22,371 (+20.9%), from €107,222 to €129,593
- Financial charges +€14,186
up €14,186 (+2527.0%), from €561 to €14,747
- Taxes +€6,308
up €6,308 (+30.6%), from €20,597 to €26,905
- Depreciation +€3,247
up €3,247 (+8.2%), from €39,437 to €42,683
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 | €948,981 | €893,259 | -€55,722 | -5.9% |
| Fixed assets | 21/28 | €934,206 | €891,523 | -€42,683 | -4.6% |
| Tangible fixed assets | 22/27 | €934,206 | €891,523 | -€42,683 | -4.6% |
| Land and buildings | 22 | €898,478 | €866,663 | -€31,815 | -3.5% |
| Plant, machinery and equipment | 23 | €3,087 | €1,816 | -€1,271 | -41.2% |
| Furniture and vehicles | 24 | €32,641 | €23,043 | -€9,598 | -29.4% |
| Current assets | 29/58 | €14,775 | €1,736 | -€13,039 | -88.3% |
| Cash at bank and in hand | 54/58 | €14,019 | €115 | -€13,904 | -99.2% |
| Deferred charges and accrued income | 490/1 | €755 | €1,620 | +€865 | +114.5% |
| Total equity and liabilities | 10/49 | €948,981 | €893,259 | -€55,722 | -5.9% |
| Equity | 10/15 | €611,655 | €647,138 | +€35,483 | +5.8% |
| Contributions | 10/11 | €5,723 | €5,723 | = | 0.0% |
| Reserves | 13 | €604,333 | €639,816 | +€35,483 | +5.9% |
| Tax-exempt reserves | 132 | €189,833 | €181,010 | -€8,823 | -4.6% |
| Distributable reserves | 133 | €414,501 | €458,807 | +€44,306 | +10.7% |
| Investment grants | 15 | €1,599 | €1,599 | = | 0.0% |
| Amounts payable | 17/49 | €337,326 | €246,120 | -€91,205 | -27.0% |
| Amounts payable within one year | 42/48 | €332,883 | €232,260 | -€100,623 | -30.2% |
| Trade debts | 44 | €3,815 | €3,419 | -€396 | -10.4% |
| Suppliers | 440/4 | €3,815 | €3,419 | -€396 | -10.4% |
| Taxes, remuneration and social security | 45 | €5,887 | €30,998 | +€25,111 | +426.5% |
| Taxes | 450/3 | €5,887 | €30,998 | +€25,111 | +426.5% |
| Other amounts payable | 47/48 | €323,181 | €197,844 | -€125,337 | -38.8% |
| Accrued charges and deferred income | 492/3 | €4,443 | €13,860 | +€9,417 | +212.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,437 | €42,683 | +€3,247 | +8.2% |
| Other operating charges | 640/8 | €8,784 | €9,801 | +€1,017 | +11.6% |
| Gross operating margin | 9900 | €107,222 | €129,593 | +€22,371 | +20.9% |
| Operating profit (loss) | 9901 | €59,001 | €77,108 | +€18,107 | +30.7% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €561 | €14,747 | +€14,186 | +2527.0% |
| Recurring financial charges | 65 | €561 | €14,747 | +€14,186 | +2527.0% |
| Profit (loss) for the period before taxes | 9903 | €58,440 | €62,388 | +€3,948 | +6.8% |
| Income taxes | 67/77 | €20,597 | €26,905 | +€6,308 | +30.6% |
| Profit (loss) for the period | 9904 | €37,843 | €35,483 | -€2,360 | -6.2% |
| Transfer from tax-exempt reserves | 789 | - | €8,823 | +€8,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,843 | €44,306 | +€6,463 | +17.1% |
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 7 October 2026 via checked.be.