LILO: 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.
LILO
Largest movements
- Receivables within one year -€83,484
down €83,484 (-72.5%), from €115,165 to €31,681
of which Trade receivables: -€87,029
- Cash -€56,822
down €56,822 (-92.0%), from €61,758 to €4,935
mainly Net result for the year (-€61,782) and Trade debts (-€45,090)
- Tangible fixed assets -€2,351
down €2,351 (-26.4%), from €8,890 to €6,540
of which Furniture and vehicles: -€1,760
- Profit (loss) carried forward -€61,782
down €61,782 (-43.8%), from -€140,971 to -€202,753
- Trade debts -€45,090
down €45,090 (-55.8%), from €80,832 to €35,742
- Current portion of long-term debt -€29,075
no longer reported in 2024 (was €29,075)
- Tax, wage and social debts -€24,078
down €24,078 (-57.0%), from €42,226 to €18,148
of which Remuneration and social security: -€12,067
- Debts after one year +€15,000
up €15,000 (+9.8%), from €153,000 to €168,000
- Gross operating margin -€157,991
down €157,991 (-63.5%), from €248,841 to €90,850
- Depreciation -€18,853
down €18,853 (-81.8%), from €23,035 to €4,182
- Staff costs +€4,740
up €4,740 (+3.5%), from €133,892 to €138,632
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,323 | €47,226 | -€142,096 | -75.1% |
| Fixed assets | 21/28 | €10,071 | €6,840 | -€3,231 | -32.1% |
| Intangible fixed assets | 21 | €881 | - | -€881 | |
| Tangible fixed assets | 22/27 | €8,890 | €6,540 | -€2,351 | -26.4% |
| Plant, machinery and equipment | 23 | €1,541 | €951 | -€590 | -38.3% |
| Furniture and vehicles | 24 | €7,349 | €5,589 | -€1,760 | -24.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €179,251 | €40,387 | -€138,865 | -77.5% |
| Amounts receivable within one year | 40/41 | €115,165 | €31,681 | -€83,484 | -72.5% |
| Trade receivables | 40 | €115,165 | €28,136 | -€87,029 | -75.6% |
| Other amounts receivable | 41 | - | €3,545 | +€3,545 | |
| Cash at bank and in hand | 54/58 | €61,758 | €4,935 | -€56,822 | -92.0% |
| Deferred charges and accrued income | 490/1 | €2,328 | €3,770 | +€1,442 | +61.9% |
| Total equity and liabilities | 10/49 | €189,323 | €47,226 | -€142,096 | -75.1% |
| Equity | 10/15 | -€134,771 | -€196,553 | -€61,782 | -45.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,971 | -€202,753 | -€61,782 | -43.8% |
| Amounts payable | 17/49 | €324,094 | €243,779 | -€80,314 | -24.8% |
| Amounts payable after more than one year | 17 | €153,000 | €168,000 | +€15,000 | +9.8% |
| Financial debts | 170/4 | €153,000 | €168,000 | +€15,000 | +9.8% |
| Amounts payable within one year | 42/48 | €152,584 | €53,890 | -€98,694 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | €29,075 | - | -€29,075 | |
| Trade debts | 44 | €80,832 | €35,742 | -€45,090 | -55.8% |
| Suppliers | 440/4 | €80,832 | €35,742 | -€45,090 | -55.8% |
| Taxes, remuneration and social security | 45 | €42,226 | €18,148 | -€24,078 | -57.0% |
| Taxes | 450/3 | €13,411 | €1,400 | -€12,011 | -89.6% |
| Remuneration and social security | 454/9 | €28,815 | €16,748 | -€12,067 | -41.9% |
| Other amounts payable | 47/48 | €451 | - | -€451 | |
| Accrued charges and deferred income | 492/3 | €18,510 | €21,889 | +€3,380 | +18.3% |
| Remuneration, social security and pensions | 62 | €133,892 | €138,632 | +€4,740 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,035 | €4,182 | -€18,853 | -81.8% |
| Other operating charges | 640/8 | €2,174 | €2,276 | +€102 | +4.7% |
| Gross operating margin | 9900 | €248,841 | €90,850 | -€157,991 | -63.5% |
| Operating profit (loss) | 9901 | €89,740 | -€54,239 | -€143,980 | |
| Financial income | 75/76B | €124 | €152 | +€28 | +22.7% |
| Recurring financial income | 75 | €124 | €152 | +€28 | +22.7% |
| Financial charges | 65/66B | €7,334 | €7,036 | -€298 | -4.1% |
| Recurring financial charges | 65 | €7,334 | €7,036 | -€298 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €82,531 | -€61,123 | -€143,654 | |
| Income taxes | 67/77 | €741 | €659 | -€82 | -11.1% |
| Profit (loss) for the period | 9904 | €81,790 | -€61,782 | -€143,572 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,790 | -€61,782 | -€143,572 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.