LIJOSH: 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.
LIJOSH
Largest movements
- Current investments +€275,461
up €275,461 (+53.2%), from €518,205 to €793,665
- Cash -€67,756
down €67,756 (-10.6%), from €638,076 to €570,321
mainly Current investments (-€275,461) and Contributions, distributions and other (-€60,000)
- Tangible fixed assets -€19,856
down €19,856 (-25.6%), from €77,632 to €57,776
- Reserves +€211,391
up €211,391 (+16.4%), from €1.3m to €1.5m
- Debts after one year -€33,526
down €33,526 (-48.5%), from €69,125 to €35,599
- Current portion of long-term debt +€17,815
new in 2025: €17,815
- Financial income +€7,911
up €7,911 (+2.5%), from €315,938 to €323,849
of which Financial income: +€14,771
- Taxes +€5,335
up €5,335 (+14.2%), from €37,648 to €42,982
- Gross operating margin -€1,034
down €1,034 (-5.7%), from €18,045 to €17,011
- Depreciation +€450
up €450 (+2.3%), from €19,406 to €19,856
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 | €1,407,896 | €1,596,198 | +€188,302 | +13.4% |
| Fixed assets | 21/28 | €250,118 | €230,262 | -€19,856 | -7.9% |
| Tangible fixed assets | 22/27 | €77,632 | €57,776 | -€19,856 | -25.6% |
| Furniture and vehicles | 24 | €77,632 | €57,776 | -€19,856 | -25.6% |
| Financial fixed assets | 28 | €172,486 | €172,486 | = | 0.0% |
| Current assets | 29/58 | €1,157,778 | €1,365,936 | +€208,158 | +18.0% |
| Amounts receivable within one year | 40/41 | €1,497 | €1,950 | +€453 | +30.2% |
| Trade receivables | 40 | €1,497 | €1,369 | -€129 | -8.6% |
| Other amounts receivable | 41 | - | €581 | +€581 | |
| Current investments | 50/53 | €518,205 | €793,665 | +€275,461 | +53.2% |
| Cash at bank and in hand | 54/58 | €638,076 | €570,321 | -€67,756 | -10.6% |
| Total equity and liabilities | 10/49 | €1,407,896 | €1,596,198 | +€188,302 | +13.4% |
| Equity | 10/15 | €1,299,092 | €1,510,483 | +€211,391 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,292,892 | €1,504,283 | +€211,391 | +16.4% |
| Distributable reserves | 133 | €1,292,892 | €1,504,283 | +€211,391 | +16.4% |
| Amounts payable | 17/49 | €108,804 | €85,715 | -€23,089 | -21.2% |
| Amounts payable after more than one year | 17 | €69,125 | €35,599 | -€33,526 | -48.5% |
| Financial debts | 170/4 | €69,125 | €35,599 | -€33,526 | -48.5% |
| Amounts payable within one year | 42/48 | €39,679 | €50,116 | +€10,437 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | - | €17,815 | +€17,815 | |
| Trade debts | 44 | €6,434 | €2,274 | -€4,161 | -64.7% |
| Suppliers | 440/4 | €6,434 | €2,274 | -€4,161 | -64.7% |
| Taxes, remuneration and social security | 45 | €33,244 | €30,027 | -€3,217 | -9.7% |
| Taxes | 450/3 | €33,244 | €30,027 | -€3,217 | -9.7% |
| Other amounts payable | 47/48 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,406 | €19,856 | +€450 | +2.3% |
| Other operating charges | 640/8 | €3,060 | €3,023 | -€37 | -1.2% |
| Gross operating margin | 9900 | €18,045 | €17,011 | -€1,034 | -5.7% |
| Operating profit (loss) | 9901 | -€4,420 | -€5,867 | -€1,447 | -32.7% |
| Financial income | 75/76B | €315,938 | €323,849 | +€7,911 | +2.5% |
| Recurring financial income | 75 | €309,078 | €323,849 | +€14,771 | +4.8% |
| Non-recurring financial income | 76B | €6,860 | - | -€6,860 | |
| Financial charges | 65/66B | €3,474 | €3,609 | +€134 | +3.9% |
| Recurring financial charges | 65 | €3,474 | €3,609 | +€134 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €308,043 | €314,373 | +€6,330 | +2.1% |
| Income taxes | 67/77 | €37,648 | €42,982 | +€5,335 | +14.2% |
| Profit (loss) for the period | 9904 | €270,396 | €271,391 | +€995 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €270,396 | €271,391 | +€995 | +0.4% |
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 8 October 2026 via checked.be.