Lil Bao: what changed
Two financial 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.
Lil Bao
Largest movements
- Tangible fixed assets +€212,406
up €212,406 (+293%), from €72,400 to €284,806
of which Other tangible fixed assets: +€214,992
- Deferred charges and accrued income +€167,405
up €167,405, from €0 to €167,405
- Cash +€54,970
up €54,970 (+51.2%), from €107,457 to €162,427
mainly Advances received (+€167,405) and Trade debts (+€129,284)
- Intangible fixed assets +€6,768
new in 2025: €6,768
- Advances received +€167,405
new in 2025: €167,405
- Trade debts +€129,284
up €129,284 (+18,295%), from €707 to €129,990
- Debts after one year +€94,779
up €94,779 (+2,374%), from €3,993 to €98,772
- Profit (loss) carried forward +€42,930
up €42,930 (+49.5%), from €86,706 to €129,636
- Short-term financial debts -€12,500
down €12,500 (-100%), from €12,500 to €0
- Staff costs +€94,960
up €94,960 (+123%), from €77,160 to €172,120
- Gross operating margin +€88,047
up €88,047 (+48.4%), from €181,928 to €269,975
- Taxes +€21,300
up €21,300 (+426%), from €5,000 to €26,300
- Financial charges +€8,817
up €8,817 (+1,494%), from €590 to €9,407
- Depreciation +€3,978
up €3,978 (+32.8%), from €12,122 to €16,100
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.
Derived cash bridge
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 | €200,774 | €642,475 | +€441,702 | +220% |
| Fixed assets | 21/28 | €72,400 | €291,574 | +€219,174 | +303% |
| Intangible fixed assets | 21 | - | €6,768 | +€6,768 | |
| Tangible fixed assets | 22/27 | €72,400 | €284,806 | +€212,406 | +293% |
| Plant, machinery and equipment | 23 | €20,788 | €15,632 | -€5,156 | -24.8% |
| Furniture and vehicles | 24 | €4,045 | €6,615 | +€2,570 | +63.5% |
| Other tangible fixed assets | 26 | €47,568 | €262,560 | +€214,992 | +452% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €128,373 | €350,901 | +€222,528 | +173% |
| Stocks and contracts in progress | 3 | €9,950 | €5,035 | -€4,916 | -49.4% |
| Stocks | 30/36 | €9,950 | €5,035 | -€4,916 | -49.4% |
| Amounts receivable within one year | 40/41 | €10,967 | €16,034 | +€5,068 | +46.2% |
| Trade receivables | 40 | €10,967 | €6,016 | -€4,950 | -45.1% |
| Other amounts receivable | 41 | €0 | €10,018 | +€10,018 | |
| Cash at bank and in hand | 54/58 | €107,457 | €162,427 | +€54,970 | +51.2% |
| Deferred charges and accrued income | 490/1 | €0 | €167,405 | +€167,405 | |
| Total equity and liabilities | 10/49 | €200,774 | €642,475 | +€441,702 | +220% |
| Equity | 10/15 | €162,855 | €205,784 | +€42,930 | +26.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €56,149 | €56,149 | = | 0.0% |
| Distributable reserves | 133 | €56,149 | €56,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,706 | €129,636 | +€42,930 | +49.5% |
| Amounts payable | 17/49 | €37,919 | €436,691 | +€398,772 | +1,052% |
| Amounts payable after more than one year | 17 | €3,993 | €98,772 | +€94,779 | +2,374% |
| Financial debts | 170/4 | €3,993 | €98,772 | +€94,779 | +2,374% |
| Amounts payable within one year | 42/48 | €33,926 | €333,587 | +€299,661 | +883% |
| Current portion of amounts payable after more than one year | 42 | €4,677 | €15,427 | +€10,750 | +230% |
| Financial debts | 43 | €12,500 | €0 | -€12,500 | -100% |
| Other loans | 439 | €12,500 | €0 | -€12,500 | -100% |
| Trade debts | 44 | €707 | €129,990 | +€129,284 | +18,295% |
| Suppliers | 440/4 | €707 | €129,990 | +€129,284 | +18,295% |
| Advances received on contracts in progress | 46 | - | €167,405 | +€167,405 | |
| Taxes, remuneration and social security | 45 | €9,248 | €20,764 | +€11,516 | +125% |
| Taxes | 450/3 | €6,730 | €14,701 | +€7,971 | +118% |
| Remuneration and social security | 454/9 | €2,518 | €6,062 | +€3,545 | +141% |
| Other amounts payable | 47/48 | €6,794 | €0 | -€6,794 | -100% |
| Accrued charges and deferred income | 492/3 | - | €4,333 | +€4,333 | |
| Remuneration, social security and pensions | 62 | €77,160 | €172,120 | +€94,960 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,122 | €16,100 | +€3,978 | +32.8% |
| Other operating charges | 640/8 | €401 | €3,155 | +€2,754 | +687% |
| Gross operating margin | 9900 | €181,928 | €269,975 | +€88,047 | +48.4% |
| Operating profit (loss) | 9901 | €92,246 | €78,601 | -€13,645 | -14.8% |
| Financial income | 75/76B | €50 | €35 | -€15 | -30.3% |
| Recurring financial income | 75 | €50 | €35 | -€15 | -30.3% |
| Financial charges | 65/66B | €590 | €9,407 | +€8,817 | +1,494% |
| Recurring financial charges | 65 | €590 | €9,407 | +€8,817 | +1,494% |
| Profit (loss) for the period before taxes | 9903 | €91,706 | €69,229 | -€22,477 | -24.5% |
| Income taxes | 67/77 | €5,000 | €26,300 | +€21,300 | +426% |
| Profit (loss) for the period | 9904 | €86,706 | €42,930 | -€43,777 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,706 | €42,930 | -€43,777 | -50.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.