LILO: 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.
What changed
LILO
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€125,347
2024 · -€138,730+€13,383
Equity
€2.3m
2024 · €2.4m-€125,347
Cash
€0
2024 · €6,528-€6,528
Balance sheet total
€5.0m
2024 · €5.1m-€66,252
Largest movements
Assets
- Tangible fixed assets -€220,956
down €220,956 (-4.4%), from €5.1m to €4.9m
of which Land and buildings: -€148,199
- Receivables after one year +€163,289
new in 2025: €163,289
Equity and liabilities
- Other debts +€165,040
up €165,040 (+28.6%), from €576,219 to €741,259
- Debts after one year -€101,093
down €101,093 (-6.2%), from €1.6m to €1.5m
- Profit (loss) carried forward -€95,663
down €95,663 (-23.4%), from -€408,665 to -€504,328
Income statement
- Financial charges -€9,338
down €9,338 (-42.3%), from €22,079 to €12,740
- Financial income +€5,012
new in 2025: €5,012
- Other operating charges +€1,537
up €1,537 (+141.6%), from €1,086 to €2,622
- Gross operating margin +€1,003
up €1,003 (+1.1%), from €95,061 to €96,065
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.
Result 2024
-€138,730
Gross operating margin
+€1,003
Depreciation
-€434
Other operating charges
-€1,537
Financial income
+€5,012
Financial charges
+€9,338
Result 2025
-€125,347
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.
From operations
+€88,454
Investment
€0
Financing
-€94,982
Cash 2024
€6,528
From operations (derived)
+€88,454
Net result for the year
-€125,347
Depreciation
+€220,956
Receivables after one year
-€163,289
Receivables within one year
+€2,607
Deferred charges and accrued income
-€550
Provisions
-€9,895
Trade debts
-€1,068
Other debts
+€165,040
Financing
-€94,982
Debts after one year
-€101,093
Current portion of long-term debt
+€725
Short-term financial debts
+€5,385
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,095,339 | €5,029,087 | -€66,252 | -1.3% |
| Fixed assets | 21/28 | €5,079,218 | €4,858,262 | -€220,956 | -4.4% |
| Tangible fixed assets | 22/27 | €5,078,718 | €4,857,762 | -€220,956 | -4.4% |
| Land and buildings | 22 | €4,987,164 | €4,838,965 | -€148,199 | -3.0% |
| Furniture and vehicles | 24 | €91,554 | €18,797 | -€72,756 | -79.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €16,121 | €170,824 | +€154,703 | +959.6% |
| Amounts receivable after more than one year | 29 | - | €163,289 | +€163,289 | |
| Other amounts receivable | 291 | - | €163,289 | +€163,289 | |
| Amounts receivable within one year | 40/41 | €9,593 | €6,986 | -€2,607 | -27.2% |
| Trade receivables | 40 | €2,607 | €0 | -€2,607 | -100.0% |
| Other amounts receivable | 41 | €6,986 | €6,986 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,528 | €0 | -€6,528 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €550 | +€550 | |
| Total equity and liabilities | 10/49 | €5,095,339 | €5,029,087 | -€66,252 | -1.3% |
| Equity | 10/15 | €2,385,241 | €2,259,894 | -€125,347 | -5.3% |
| Contributions | 10/11 | €51,200 | €51,200 | = | 0.0% |
| Reserves | 13 | €2,742,706 | €2,713,022 | -€29,684 | -1.1% |
| Non-distributable reserves | 130/1 | €6,360 | €6,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,360 | €6,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,161,577 | €1,131,894 | -€29,684 | -2.6% |
| Distributable reserves | 133 | €1,574,768 | €1,574,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€408,665 | -€504,328 | -€95,663 | -23.4% |
| Provisions and deferred taxes | 16 | €387,193 | €377,298 | -€9,895 | -2.6% |
| Deferred taxes | 168 | €387,193 | €377,298 | -€9,895 | -2.6% |
| Amounts payable | 17/49 | €2,322,906 | €2,391,895 | +€68,989 | +3.0% |
| Amounts payable after more than one year | 17 | €1,642,263 | €1,541,170 | -€101,093 | -6.2% |
| Financial debts | 170/4 | €1,642,263 | €1,541,170 | -€101,093 | -6.2% |
| Amounts payable within one year | 42/48 | €680,643 | €850,725 | +€170,082 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €100,368 | €101,093 | +€725 | +0.7% |
| Financial debts | 43 | - | €5,385 | +€5,385 | |
| Credit institutions | 430/8 | - | €5,385 | +€5,385 | |
| Trade debts | 44 | €4,056 | €2,988 | -€1,068 | -26.3% |
| Suppliers | 440/4 | €4,056 | €2,988 | -€1,068 | -26.3% |
| Other amounts payable | 47/48 | €576,219 | €741,259 | +€165,040 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,522 | €220,956 | +€434 | +0.2% |
| Other operating charges | 640/8 | €1,086 | €2,622 | +€1,537 | +141.6% |
| Gross operating margin | 9900 | €95,061 | €96,065 | +€1,003 | +1.1% |
| Operating profit (loss) | 9901 | -€126,546 | -€127,513 | -€967 | -0.8% |
| Financial income | 75/76B | - | €5,012 | +€5,012 | |
| Recurring financial income | 75 | - | €5,012 | +€5,012 | |
| Financial charges | 65/66B | €22,079 | €12,740 | -€9,338 | -42.3% |
| Recurring financial charges | 65 | €22,079 | €12,740 | -€9,338 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | -€148,625 | -€135,242 | +€13,383 | +9.0% |
| Transfer from deferred taxes | 780 | €9,895 | €9,895 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€138,730 | -€125,347 | +€13,383 | +9.6% |
| Transfer from tax-exempt reserves | 789 | €29,684 | €29,684 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,046 | -€95,663 | +€13,383 | +12.3% |
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 11 October 2026 via checked.be.