LION MANAGEMENT: what changed
LION MANAGEMENT
Largest movements
- Receivables within one year -€752,029
down €752,029 (-99.8%), from €753,784 to €1,755
of which Other amounts receivable: -€750,079
- Cash +€459,049
up €459,049 (+169%), from €272,210 to €731,260
mainly Receivables within one year (+€752,029) and Net result for the year (+€75,931)
- Tangible fixed assets +€49,450
up €49,450 (+12,796%), from €386 to €49,837
- Receivables after one year +€30,000
new in 2025: €30,000
- Other debts -€292,808
down €292,808 (-99.0%), from €295,820 to €3,013
- Reserves +€75,931
up €75,931 (+10.7%), from €709,286 to €785,217
- Gross operating margin -€10,981
down €10,981 (-9.0%), from €122,638 to €111,657
- Depreciation +€10,496
up €10,496 (+1,741%), from €603 to €11,098
- Taxes -€4,527
down €4,527 (-10.4%), from €43,517 to €38,990
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,026,799 | €813,092 | -€213,708 | -20.8% |
| Fixed assets | 21/28 | €386 | €49,837 | +€49,450 | +12,796% |
| Tangible fixed assets | 22/27 | €386 | €49,837 | +€49,450 | +12,796% |
| Furniture and vehicles | 24 | €386 | €49,837 | +€49,450 | +12,796% |
| Current assets | 29/58 | €1,026,413 | €763,255 | -€263,158 | -25.6% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €753,784 | €1,755 | -€752,029 | -99.8% |
| Trade receivables | 40 | €1,951 | - | -€1,951 | |
| Other amounts receivable | 41 | €751,834 | €1,755 | -€750,079 | -99.8% |
| Cash at bank and in hand | 54/58 | €272,210 | €731,260 | +€459,049 | +169% |
| Deferred charges and accrued income | 490/1 | €418 | €240 | -€178 | -42.5% |
| Total equity and liabilities | 10/49 | €1,026,799 | €813,092 | -€213,708 | -20.8% |
| Equity | 10/15 | €730,979 | €806,910 | +€75,931 | +10.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €709,286 | €785,217 | +€75,931 | +10.7% |
| Distributable reserves | 133 | €709,286 | €785,217 | +€75,931 | +10.7% |
| Profit (loss) carried forward | 14 | €1,234 | €1,234 | = | 0.0% |
| Amounts payable | 17/49 | €295,820 | €6,181 | -€289,639 | -97.9% |
| Amounts payable within one year | 42/48 | €295,820 | €6,181 | -€289,639 | -97.9% |
| Trade debts | 44 | - | €1,179 | +€1,179 | |
| Suppliers | 440/4 | - | €1,179 | +€1,179 | |
| Taxes, remuneration and social security | 45 | - | €1,990 | +€1,990 | |
| Taxes | 450/3 | - | €1,990 | +€1,990 | |
| Other amounts payable | 47/48 | €295,820 | €3,013 | -€292,808 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €11,098 | +€10,496 | +1,741% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €122,638 | €111,657 | -€10,981 | -9.0% |
| Operating profit (loss) | 9901 | €120,950 | €99,440 | -€21,510 | -17.8% |
| Financial income | 75/76B | €15,000 | €15,600 | +€600 | +4.0% |
| Recurring financial income | 75 | €15,000 | €15,600 | +€600 | +4.0% |
| Financial charges | 65/66B | €119 | €119 | = | 0.0% |
| Recurring financial charges | 65 | €119 | €119 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €135,831 | €114,921 | -€20,910 | -15.4% |
| Income taxes | 67/77 | €43,517 | €38,990 | -€4,527 | -10.4% |
| Profit (loss) for the period | 9904 | €92,314 | €75,931 | -€16,382 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €92,314 | €75,931 | -€16,382 | -17.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.