LILUDEL: 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.
LILUDEL
Largest movements
- Stocks and contracts -€104,213
down €104,213 (-35.0%), from €298,060 to €193,847
- Receivables within one year +€102,237
up €102,237 (+1,126%), from €9,082 to €111,319
of which Other amounts receivable: +€65,908
- Tangible fixed assets -€65,685
down €65,685 (-14.2%), from €462,959 to €397,274
- Cash -€21,080
down €21,080 (-71.5%), from €29,487 to €8,407
mainly Receivables within one year (-€102,237) and Debts after one year (-€64,471)
- Debts after one year -€64,471
down €64,471 (-20.3%), from €318,055 to €253,584
of which Financial debts: -€64,471
- Short-term financial debts -€29,999
down €29,999 (-50.8%), from €59,007 to €29,008
- Tax, wage and social debts +€16,678
up €16,678 (+4,508%), from €370 to €17,048
of which Remuneration and social security: +€17,048
- Trade debts -€9,775
down €9,775 (-6.5%), from €149,591 to €139,816
- Gross operating margin -€10,790
down €10,790 (-4.5%), from €237,794 to €227,004
- Depreciation +€8,592
up €8,592 (+15.0%), from €57,458 to €66,050
- Taxes -€5,397
down €5,397 (-99.8%), from €5,410 to €13
- Staff costs -€3,880
down €3,880 (-2.9%), from €134,417 to €130,537
- Financial charges +€3,361
up €3,361 (+31.1%), from €10,808 to €14,169
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 | €807,352 | €718,850 | -€88,502 | -11.0% |
| Fixed assets | 21/28 | €465,409 | €399,724 | -€65,685 | -14.1% |
| Tangible fixed assets | 22/27 | €462,959 | €397,274 | -€65,685 | -14.2% |
| Land and buildings | 22 | €350,823 | €318,914 | -€31,909 | -9.1% |
| Plant, machinery and equipment | 23 | €6,893 | €3,808 | -€3,085 | -44.8% |
| Furniture and vehicles | 24 | €90,064 | €64,645 | -€25,419 | -28.2% |
| Leasing and similar rights | 25 | €13,514 | €8,446 | -€5,068 | -37.5% |
| Other tangible fixed assets | 26 | €1,665 | €1,461 | -€204 | -12.3% |
| Financial fixed assets | 28 | €2,450 | €2,450 | = | 0.0% |
| Current assets | 29/58 | €341,943 | €319,126 | -€22,817 | -6.7% |
| Stocks and contracts in progress | 3 | €298,060 | €193,847 | -€104,213 | -35.0% |
| Stocks | 30/36 | €298,060 | €193,847 | -€104,213 | -35.0% |
| Amounts receivable within one year | 40/41 | €9,082 | €111,319 | +€102,237 | +1,126% |
| Trade receivables | 40 | - | €36,329 | +€36,329 | |
| Other amounts receivable | 41 | €9,082 | €74,990 | +€65,908 | +726% |
| Cash at bank and in hand | 54/58 | €29,487 | €8,407 | -€21,080 | -71.5% |
| Deferred charges and accrued income | 490/1 | €5,314 | €5,553 | +€239 | +4.5% |
| Total equity and liabilities | 10/49 | €807,352 | €718,850 | -€88,502 | -11.0% |
| Equity | 10/15 | €209,454 | €214,567 | +€5,113 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,254 | €81,367 | +€5,113 | +6.7% |
| Amounts payable | 17/49 | €597,898 | €504,283 | -€93,615 | -15.7% |
| Amounts payable after more than one year | 17 | €318,055 | €253,584 | -€64,471 | -20.3% |
| Financial debts | 170/4 | €315,005 | €250,534 | -€64,471 | -20.5% |
| Other amounts payable | 178/9 | €3,050 | €3,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €279,843 | €250,699 | -€29,144 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €70,306 | €64,827 | -€5,479 | -7.8% |
| Financial debts | 43 | €59,007 | €29,008 | -€29,999 | -50.8% |
| Credit institutions | 430/8 | €59,007 | €29,008 | -€29,999 | -50.8% |
| Trade debts | 44 | €149,591 | €139,816 | -€9,775 | -6.5% |
| Suppliers | 440/4 | €149,591 | €139,816 | -€9,775 | -6.5% |
| Taxes, remuneration and social security | 45 | €370 | €17,048 | +€16,678 | +4,508% |
| Taxes | 450/3 | €370 | - | -€370 | |
| Remuneration and social security | 454/9 | - | €17,048 | +€17,048 | |
| Other amounts payable | 47/48 | €569 | - | -€569 | |
| Remuneration, social security and pensions | 62 | €134,417 | €130,537 | -€3,880 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,458 | €66,050 | +€8,592 | +15.0% |
| Other operating charges | 640/8 | €11,682 | €11,204 | -€478 | -4.1% |
| Gross operating margin | 9900 | €237,794 | €227,004 | -€10,790 | -4.5% |
| Operating profit (loss) | 9901 | €34,237 | €19,213 | -€15,024 | -43.9% |
| Financial income | 75/76B | €265 | €82 | -€183 | -69.1% |
| Recurring financial income | 75 | €265 | €82 | -€183 | -69.1% |
| Financial charges | 65/66B | €10,808 | €14,169 | +€3,361 | +31.1% |
| Recurring financial charges | 65 | €10,808 | €14,169 | +€3,361 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €23,694 | €5,126 | -€18,568 | -78.4% |
| Income taxes | 67/77 | €5,410 | €13 | -€5,397 | -99.8% |
| Profit (loss) for the period | 9904 | €18,284 | €5,113 | -€13,171 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,284 | €5,113 | -€13,171 | -72.0% |
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 22 October 2026 via checked.be.