LION: 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.
LION
Largest movements
- Receivables within one year -€168,927
down €168,927 (-68.5%), from €246,769 to €77,842
of which Trade receivables: -€144,797
- Cash -€40,626
down €40,626 (-41.5%), from €97,781 to €57,155
mainly Trade debts (-€151,141) and Other debts (-€90,768)
- Trade debts -€151,141
down €151,141 (-99.5%), from €151,877 to €736
- Other debts -€90,768
down €90,768 (-82.8%), from €109,666 to €18,898
- Reserves +€31,065
up €31,065 (+37.3%), from €83,338 to €114,403
- Gross operating margin -€22,469
down €22,469 (-28.6%), from €78,434 to €55,965
- Taxes -€6,029
down €6,029 (-24.1%), from €24,992 to €18,963
- Depreciation -€1,410
down €1,410 (-51.9%), from €2,719 to €1,309
- Staff costs -€1,185
down €1,185 (-100%), from €1,185 to €0
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 | €352,146 | €139,107 | -€213,039 | -60.5% |
| Fixed assets | 21/28 | €7,595 | €4,110 | -€3,486 | -45.9% |
| Tangible fixed assets | 22/27 | €2,385 | €1,076 | -€1,309 | -54.9% |
| Land and buildings | 22 | €1,259 | €0 | -€1,259 | -100% |
| Furniture and vehicles | 24 | €1,127 | €0 | -€1,127 | -100% |
| Other tangible fixed assets | 26 | - | €1,076 | +€1,076 | |
| Financial fixed assets | 28 | €5,210 | €3,033 | -€2,177 | -41.8% |
| Current assets | 29/58 | €344,550 | €134,997 | -€209,553 | -60.8% |
| Amounts receivable within one year | 40/41 | €246,769 | €77,842 | -€168,927 | -68.5% |
| Trade receivables | 40 | €222,639 | €77,842 | -€144,797 | -65.0% |
| Other amounts receivable | 41 | €24,130 | €0 | -€24,130 | -100% |
| Cash at bank and in hand | 54/58 | €97,781 | €57,155 | -€40,626 | -41.5% |
| Total equity and liabilities | 10/49 | €352,146 | €139,107 | -€213,039 | -60.5% |
| Equity | 10/15 | €85,338 | €116,403 | +€31,065 | +36.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €83,338 | €114,403 | +€31,065 | +37.3% |
| Distributable reserves | 133 | €83,338 | €114,403 | +€31,065 | +37.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €266,808 | €22,704 | -€244,104 | -91.5% |
| Amounts payable within one year | 42/48 | €266,808 | €22,704 | -€244,104 | -91.5% |
| Trade debts | 44 | €151,877 | €736 | -€151,141 | -99.5% |
| Suppliers | 440/4 | €151,877 | €736 | -€151,141 | -99.5% |
| Taxes, remuneration and social security | 45 | €5,265 | €3,070 | -€2,194 | -41.7% |
| Taxes | 450/3 | €5,265 | €3,070 | -€2,194 | -41.7% |
| Other amounts payable | 47/48 | €109,666 | €18,898 | -€90,768 | -82.8% |
| Remuneration, social security and pensions | 62 | €1,185 | €0 | -€1,185 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,719 | €1,309 | -€1,410 | -51.9% |
| Other operating charges | 640/8 | €2,713 | €2,678 | -€34 | -1.3% |
| Gross operating margin | 9900 | €78,434 | €55,965 | -€22,469 | -28.6% |
| Operating profit (loss) | 9901 | €71,818 | €51,978 | -€19,840 | -27.6% |
| Financial income | 75/76B | €46 | €0 | -€46 | -99.2% |
| Recurring financial income | 75 | €46 | €0 | -€46 | -99.2% |
| Financial charges | 65/66B | €452 | €232 | -€220 | -48.6% |
| Recurring financial charges | 65 | €452 | €232 | -€220 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €71,411 | €51,746 | -€19,666 | -27.5% |
| Income taxes | 67/77 | €24,992 | €18,963 | -€6,029 | -24.1% |
| Profit (loss) for the period | 9904 | €46,420 | €32,783 | -€13,637 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,420 | €32,783 | -€13,637 | -29.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.