Lion Rose: 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 Rose
Largest movements
- Cash +€21,980
up €21,980 (+281%), from €7,813 to €29,793
mainly Tax, wage and social debts (+€14,191) and Depreciation (+€13,032)
- Tangible fixed assets -€16,588
down €16,588 (-26.0%), from €63,865 to €47,277
of which Leasing and similar rights: -€17,897
- Receivables within one year -€4,405
down €4,405 (-12.6%), from €35,090 to €30,685
of which Trade receivables: -€4,840
- Debts after one year -€21,911
down €21,911 (-38.4%), from €57,132 to €35,221
- Tax, wage and social debts +€14,191
up €14,191 (+426%), from €3,329 to €17,520
- Reserves +€5,331
up €5,331 (+16.9%), from €31,497 to €36,828
- Trade debts +€5,144
up €5,144 (+814%), from €632 to €5,776
- Current portion of long-term debt -€1,885
down €1,885 (-14.7%), from €12,818 to €10,934
- Gross operating margin +€14,785
up €14,785 (+113%), from €13,134 to €27,919
- Depreciation +€12,057
up €12,057 (+1,237%), from €975 to €13,032
- Other operating charges +€2,182
up €2,182 (+170%), from €1,285 to €3,467
- Taxes +€1,959
up €1,959 (+87.3%), from €2,243 to €4,201
- Financial charges +€1,615
up €1,615 (+594%), from €272 to €1,887
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,879 | €111,278 | +€400 | +0.4% |
| Fixed assets | 21/28 | €66,364 | €48,943 | -€17,421 | -26.3% |
| Intangible fixed assets | 21 | €2,499 | €1,666 | -€833 | -33.3% |
| Tangible fixed assets | 22/27 | €63,865 | €47,277 | -€16,588 | -26.0% |
| Plant, machinery and equipment | 23 | - | €1,309 | +€1,309 | |
| Leasing and similar rights | 25 | €63,865 | €45,968 | -€17,897 | -28.0% |
| Current assets | 29/58 | €44,515 | €62,335 | +€17,820 | +40.0% |
| Amounts receivable within one year | 40/41 | €35,090 | €30,685 | -€4,405 | -12.6% |
| Trade receivables | 40 | €35,090 | €30,250 | -€4,840 | -13.8% |
| Other amounts receivable | 41 | €0 | €435 | +€435 | |
| Cash at bank and in hand | 54/58 | €7,813 | €29,793 | +€21,980 | +281% |
| Deferred charges and accrued income | 490/1 | €1,612 | €1,858 | +€246 | +15.2% |
| Total equity and liabilities | 10/49 | €110,879 | €111,278 | +€400 | +0.4% |
| Equity | 10/15 | €36,497 | €41,828 | +€5,331 | +14.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,497 | €36,828 | +€5,331 | +16.9% |
| Distributable reserves | 133 | €31,497 | €36,828 | +€5,331 | +16.9% |
| Amounts payable | 17/49 | €74,382 | €69,450 | -€4,932 | -6.6% |
| Amounts payable after more than one year | 17 | €57,132 | €35,221 | -€21,911 | -38.4% |
| Financial debts | 170/4 | €57,132 | €35,221 | -€21,911 | -38.4% |
| Amounts payable within one year | 42/48 | €17,250 | €34,229 | +€16,979 | +98.4% |
| Current portion of amounts payable after more than one year | 42 | €12,818 | €10,934 | -€1,885 | -14.7% |
| Trade debts | 44 | €632 | €5,776 | +€5,144 | +814% |
| Suppliers | 440/4 | €632 | €5,776 | +€5,144 | +814% |
| Taxes, remuneration and social security | 45 | €3,329 | €17,520 | +€14,191 | +426% |
| Taxes | 450/3 | €3,329 | €17,520 | +€14,191 | +426% |
| Other amounts payable | 47/48 | €472 | €0 | -€472 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €975 | €13,032 | +€12,057 | +1,237% |
| Other operating charges | 640/8 | €1,285 | €3,467 | +€2,182 | +170% |
| Non-recurring operating charges | 66A | €7,429 | €0 | -€7,429 | -100% |
| Gross operating margin | 9900 | €13,134 | €27,919 | +€14,785 | +113% |
| Operating profit (loss) | 9901 | €3,445 | €11,419 | +€7,974 | +231% |
| Financial charges | 65/66B | €272 | €1,887 | +€1,615 | +594% |
| Recurring financial charges | 65 | €272 | €1,887 | +€1,615 | +594% |
| Profit (loss) for the period before taxes | 9903 | €3,173 | €9,533 | +€6,360 | +200% |
| Income taxes | 67/77 | €2,243 | €4,201 | +€1,959 | +87.3% |
| Profit (loss) for the period | 9904 | €930 | €5,331 | +€4,401 | +473% |
| Profit (loss) for the period to be appropriated | 9905 | €930 | €5,331 | +€4,401 | +473% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.