Lily Louise: 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.
Lily Louise
Largest movements
- Receivables within one year +€52,618
up €52,618 (+1,932%), from €2,723 to €55,341
- Stocks and contracts -€9,854
down €9,854 (-18.6%), from €52,879 to €43,025
- Tangible fixed assets -€3,085
down €3,085 (-20.3%), from €15,158 to €12,074
- Advances received +€34,266
new in 2025: €34,266
- Profit (loss) carried forward -€21,285
down €21,285 (-44.0%), from -€48,363 to -€69,648
- Other debts +€10,813
up €10,813 (+497%), from €2,174 to €12,987
- Debts after one year -€10,112
down €10,112 (-34.5%), from €29,275 to €19,163
- Accrued charges and deferred income +€9,939
up €9,939 (+314%), from €3,162 to €13,101
- Gross operating margin +€23,053
up €23,053 (+79.5%), from -€28,983 to -€5,930
- Depreciation -€3,650
down €3,650 (-50.5%), from €7,235 to €3,585
- Financial charges -€1,280
down €1,280 (-10.9%), from €11,734 to €10,454
- Other operating charges +€1,020
up €1,020 (+546%), from €187 to €1,207
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 | €74,748 | €113,332 | +€38,584 | +51.6% |
| Fixed assets | 21/28 | €17,952 | €14,368 | -€3,585 | -20.0% |
| Intangible fixed assets | 21 | €2,794 | €2,294 | -€500 | -17.9% |
| Tangible fixed assets | 22/27 | €15,158 | €12,074 | -€3,085 | -20.3% |
| Land and buildings | 22 | €11,164 | €9,864 | -€1,300 | -11.6% |
| Plant, machinery and equipment | 23 | €2,201 | €917 | -€1,285 | -58.4% |
| Furniture and vehicles | 24 | €1,794 | €1,294 | -€500 | -27.9% |
| Current assets | 29/58 | €56,796 | €98,964 | +€42,169 | +74.2% |
| Stocks and contracts in progress | 3 | €52,879 | €43,025 | -€9,854 | -18.6% |
| Stocks | 30/36 | €52,879 | €43,025 | -€9,854 | -18.6% |
| Amounts receivable within one year | 40/41 | €2,723 | €55,341 | +€52,618 | +1,932% |
| Trade receivables | 40 | €2,723 | €55,341 | +€52,618 | +1,932% |
| Cash at bank and in hand | 54/58 | €359 | €599 | +€239 | +66.5% |
| Deferred charges and accrued income | 490/1 | €834 | - | -€834 | |
| Total equity and liabilities | 10/49 | €74,748 | €113,332 | +€38,584 | +51.6% |
| Equity | 10/15 | -€44,863 | -€66,148 | -€21,285 | -47.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,363 | -€69,648 | -€21,285 | -44.0% |
| Amounts payable | 17/49 | €119,611 | €179,480 | +€59,869 | +50.1% |
| Amounts payable after more than one year | 17 | €29,275 | €19,163 | -€10,112 | -34.5% |
| Financial debts | 170/4 | €29,275 | €19,163 | -€10,112 | -34.5% |
| Amounts payable within one year | 42/48 | €87,174 | €147,215 | +€60,042 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | €9,544 | €10,112 | +€568 | +5.9% |
| Financial debts | 43 | €33,453 | €31,486 | -€1,967 | -5.9% |
| Credit institutions | 430/8 | €33,453 | €31,486 | -€1,967 | -5.9% |
| Trade debts | 44 | €34,007 | €40,598 | +€6,591 | +19.4% |
| Suppliers | 440/4 | €34,007 | €40,598 | +€6,591 | +19.4% |
| Advances received on contracts in progress | 46 | - | €34,266 | +€34,266 | |
| Taxes, remuneration and social security | 45 | €7,995 | €17,765 | +€9,770 | +122% |
| Taxes | 450/3 | €7,995 | €17,765 | +€9,770 | +122% |
| Other amounts payable | 47/48 | €2,174 | €12,987 | +€10,813 | +497% |
| Accrued charges and deferred income | 492/3 | €3,162 | €13,101 | +€9,939 | +314% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,235 | €3,585 | -€3,650 | -50.5% |
| Other operating charges | 640/8 | €187 | €1,207 | +€1,020 | +546% |
| Gross operating margin | 9900 | -€28,983 | -€5,930 | +€23,053 | +79.5% |
| Operating profit (loss) | 9901 | -€36,404 | -€10,722 | +€25,683 | +70.5% |
| Financial income | 75/76B | €21 | €2 | -€19 | -90.4% |
| Recurring financial income | 75 | €21 | €2 | -€19 | -90.4% |
| Financial charges | 65/66B | €11,734 | €10,454 | -€1,280 | -10.9% |
| Recurring financial charges | 65 | €11,734 | €10,454 | -€1,280 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€48,118 | -€21,174 | +€26,944 | +56.0% |
| Income taxes | 67/77 | €245 | €111 | -€135 | -54.9% |
| Profit (loss) for the period | 9904 | -€48,363 | -€21,285 | +€27,079 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,363 | -€21,285 | +€27,079 | +56.0% |
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 29 October 2026 via checked.be.