Lilaw: 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.
Lilaw
Largest movements
- Cash +€109,840
up €109,840 (+130.5%), from €84,148 to €193,988
mainly Net result for the year (+€157,198) and Other debts (+€95,000)
- Receivables within one year +€60,716
up €60,716 (+99.1%), from €61,249 to €121,965
of which Other amounts receivable: +€37,463
- Profit (loss) carried forward +€107,198
up €107,198 (+150.1%), from €71,398 to €178,596
- Other debts +€95,000
up €95,000, from €0 to €95,000
- Reserves -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Advances received +€20,701
up €20,701 (+3450.2%), from €600 to €21,301
- Trade debts -€4,288
down €4,288 (-70.7%), from €6,065 to €1,777
- Turnover +€136,106
up €136,106 (+84.1%), from €161,842 to €297,947
- Gross operating margin +€115,838
up €115,838 (+139.9%), from €82,798 to €198,635
- Purchases and services +€20,784
up €20,784 (+25.5%), from €81,456 to €102,239
- Taxes +€17,157
up €17,157 (+109.5%), from €15,676 to €32,833
- Write-downs +€11,473
new in 2025: €11,473
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 | €154,463 | €330,175 | +€175,712 | +113.8% |
| Fixed assets | 21/28 | €4,079 | €6,662 | +€2,582 | +63.3% |
| Tangible fixed assets | 22/27 | €4,079 | €6,662 | +€2,582 | +63.3% |
| Furniture and vehicles | 24 | €0 | €3,525 | +€3,525 | |
| Other tangible fixed assets | 26 | €4,079 | €3,136 | -€943 | -23.1% |
| Current assets | 29/58 | €150,384 | €323,514 | +€173,130 | +115.1% |
| Amounts receivable within one year | 40/41 | €61,249 | €121,965 | +€60,716 | +99.1% |
| Trade receivables | 40 | €16,655 | €39,908 | +€23,253 | +139.6% |
| Other amounts receivable | 41 | €44,595 | €82,058 | +€37,463 | +84.0% |
| Cash at bank and in hand | 54/58 | €84,148 | €193,988 | +€109,840 | +130.5% |
| Deferred charges and accrued income | 490/1 | €4,987 | €7,560 | +€2,574 | +51.6% |
| Total equity and liabilities | 10/49 | €154,463 | €330,175 | +€175,712 | +113.8% |
| Equity | 10/15 | €121,398 | €183,596 | +€62,198 | +51.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Share premium | 1100/10 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €45,000 | €0 | -€45,000 | -100.0% |
| Distributable reserves | 133 | €45,000 | €0 | -€45,000 | -100.0% |
| Profit (loss) carried forward | 14 | €71,398 | €178,596 | +€107,198 | +150.1% |
| Amounts payable | 17/49 | €33,065 | €146,579 | +€113,514 | +343.3% |
| Amounts payable within one year | 42/48 | €33,065 | €146,579 | +€113,514 | +343.3% |
| Trade debts | 44 | €6,065 | €1,777 | -€4,288 | -70.7% |
| Suppliers | 440/4 | €6,065 | €1,777 | -€4,288 | -70.7% |
| Advances received on contracts in progress | 46 | €600 | €21,301 | +€20,701 | +3450.2% |
| Taxes, remuneration and social security | 45 | €26,401 | €28,501 | +€2,101 | +8.0% |
| Taxes | 450/3 | €26,401 | €28,501 | +€2,101 | +8.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €95,000 | +€95,000 | |
| Turnover | 70 | €161,842 | €297,947 | +€136,106 | +84.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €81,456 | €102,239 | +€20,784 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €635 | €1,012 | +€377 | +59.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,473 | +€11,473 | |
| Other operating charges | 640/8 | €643 | €615 | -€29 | -4.5% |
| Gross operating margin | 9900 | €82,798 | €198,635 | +€115,838 | +139.9% |
| Operating profit (loss) | 9901 | €81,519 | €185,536 | +€104,017 | +127.6% |
| Financial income | 75/76B | €4,004 | €5,498 | +€1,494 | +37.3% |
| Recurring financial income | 75 | €2,063 | €4,390 | +€2,327 | +112.8% |
| Non-recurring financial income | 76B | €1,941 | €1,108 | -€833 | -42.9% |
| Financial charges | 65/66B | €200 | €1,003 | +€803 | +401.1% |
| Recurring financial charges | 65 | €200 | €1,003 | +€803 | +401.1% |
| Profit (loss) for the period before taxes | 9903 | €85,324 | €190,031 | +€104,708 | +122.7% |
| Income taxes | 67/77 | €15,676 | €32,833 | +€17,157 | +109.5% |
| Profit (loss) for the period | 9904 | €69,648 | €157,198 | +€87,550 | +125.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,648 | €157,198 | +€87,550 | +125.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.