LIO PHOTOGRAPHY: 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.
LIO PHOTOGRAPHY
Largest movements
- Receivables within one year +€11,739
up €11,739 (+4,759%), from €247 to €11,985
- Tangible fixed assets -€4,386
down €4,386 (-55.0%), from €7,979 to €3,593
- Cash -€2,515
down €2,515 (-6.5%), from €38,787 to €36,271
mainly Receivables within one year (-€11,739) and Other debts (-€9,245)
- Other debts -€9,245
down €9,245 (-26.4%), from €34,964 to €25,719
- Reserves +€6,004
up €6,004 (+183%), from €3,276 to €9,281
- Trade debts +€5,498
up €5,498 (+361%), from €1,521 to €7,019
- Tax, wage and social debts +€2,855
up €2,855 (+50.2%), from €5,692 to €8,547
of which Taxes: +€2,855
- Gross operating margin +€8,523
up €8,523 (+84.7%), from €10,066 to €18,589
- Financial charges +€1,579
up €1,579 (+158%), from €999 to €2,578
- Taxes +€1,324
up €1,324 (+71.7%), from €1,847 to €3,171
- Other operating charges +€289
up €289 (+42.8%), from €675 to €964
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 | €49,453 | €54,565 | +€5,113 | +10.3% |
| Fixed assets | 21/28 | €8,026 | €3,640 | -€4,386 | -54.6% |
| Tangible fixed assets | 22/27 | €7,979 | €3,593 | -€4,386 | -55.0% |
| Furniture and vehicles | 24 | €7,979 | €3,593 | -€4,386 | -55.0% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €41,427 | €50,925 | +€9,499 | +22.9% |
| Amounts receivable within one year | 40/41 | €247 | €11,985 | +€11,739 | +4,759% |
| Trade receivables | 40 | €247 | €11,985 | +€11,739 | +4,759% |
| Cash at bank and in hand | 54/58 | €38,787 | €36,271 | -€2,515 | -6.5% |
| Deferred charges and accrued income | 490/1 | €2,393 | €2,668 | +€275 | +11.5% |
| Total equity and liabilities | 10/49 | €49,453 | €54,565 | +€5,113 | +10.3% |
| Equity | 10/15 | €7,276 | €13,281 | +€6,004 | +82.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €3,276 | €9,281 | +€6,004 | +183% |
| Distributable reserves | 133 | €3,276 | €9,281 | +€6,004 | +183% |
| Amounts payable | 17/49 | €42,177 | €41,285 | -€892 | -2.1% |
| Amounts payable within one year | 42/48 | €42,177 | €41,285 | -€892 | -2.1% |
| Trade debts | 44 | €1,521 | €7,019 | +€5,498 | +361% |
| Suppliers | 440/4 | €1,521 | €7,019 | +€5,498 | +361% |
| Taxes, remuneration and social security | 45 | €5,692 | €8,547 | +€2,855 | +50.2% |
| Taxes | 450/3 | €3,942 | €6,797 | +€2,855 | +72.4% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €34,964 | €25,719 | -€9,245 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,754 | €5,872 | +€118 | +2.1% |
| Other operating charges | 640/8 | €675 | €964 | +€289 | +42.8% |
| Gross operating margin | 9900 | €10,066 | €18,589 | +€8,523 | +84.7% |
| Operating profit (loss) | 9901 | €3,637 | €11,753 | +€8,116 | +223% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €999 | €2,578 | +€1,579 | +158% |
| Recurring financial charges | 65 | €999 | €2,578 | +€1,579 | +158% |
| Profit (loss) for the period before taxes | 9903 | €2,638 | €9,175 | +€6,537 | +248% |
| Income taxes | 67/77 | €1,847 | €3,171 | +€1,324 | +71.7% |
| Profit (loss) for the period | 9904 | €791 | €6,004 | +€5,213 | +659% |
| Profit (loss) for the period to be appropriated | 9905 | €791 | €6,004 | +€5,213 | +659% |
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 18 October 2026 via checked.be.