Lion's Head: 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's Head
Largest movements
- Cash -€1,675
down €1,675 (-35.7%), from €4,697 to €3,021
mainly Net result for the year (-€2,574) and Other debts (-€922)
- Receivables within one year -€1,612
down €1,612 (-86.2%), from €1,871 to €259
of which Trade receivables: -€1,515
- Deferred charges and accrued income +€811
up €811 (+134%), from €605 to €1,415
- Tangible fixed assets -€230
down €230 (-100%), from €230 to €0
- Profit (loss) carried forward -€2,574
down €2,574 (-6.0%), from -€42,718 to -€45,291
- Other debts -€922
down €922 (-3.1%), from €29,911 to €28,989
- Trade debts +€789
up €789 (+220%), from €359 to €1,148
- Gross operating margin -€4,157
down €4,157, from €2,498 to -€1,659
- Depreciation -€127
down €127 (-35.6%), from €357 to €230
- Financial income -€90
down €90 (-100%), from €90 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 | €7,553 | €4,846 | -€2,707 | -35.8% |
| Fixed assets | 21/28 | €380 | €150 | -€230 | -60.5% |
| Tangible fixed assets | 22/27 | €230 | €0 | -€230 | -100% |
| Furniture and vehicles | 24 | €230 | €0 | -€230 | -100% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €7,173 | €4,696 | -€2,477 | -34.5% |
| Amounts receivable within one year | 40/41 | €1,871 | €259 | -€1,612 | -86.2% |
| Trade receivables | 40 | €1,515 | €0 | -€1,515 | -100% |
| Other amounts receivable | 41 | €356 | €259 | -€97 | -27.3% |
| Cash at bank and in hand | 54/58 | €4,697 | €3,021 | -€1,675 | -35.7% |
| Deferred charges and accrued income | 490/1 | €605 | €1,415 | +€811 | +134% |
| Total equity and liabilities | 10/49 | €7,553 | €4,846 | -€2,707 | -35.8% |
| Equity | 10/15 | -€22,718 | -€25,291 | -€2,574 | -11.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,718 | -€45,291 | -€2,574 | -6.0% |
| Amounts payable | 17/49 | €30,270 | €30,137 | -€133 | -0.4% |
| Amounts payable within one year | 42/48 | €30,270 | €30,137 | -€133 | -0.4% |
| Trade debts | 44 | €359 | €1,148 | +€789 | +220% |
| Suppliers | 440/4 | €359 | €1,148 | +€789 | +220% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €29,911 | €28,989 | -€922 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357 | €230 | -€127 | -35.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €2,498 | -€1,659 | -€4,157 | |
| Operating profit (loss) | 9901 | €1,636 | -€2,408 | -€4,044 | |
| Financial income | 75/76B | €90 | €0 | -€90 | -100% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -100% |
| Financial charges | 65/66B | €147 | €166 | +€18 | +12.4% |
| Recurring financial charges | 65 | €147 | €166 | +€18 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €1,578 | -€2,574 | -€4,152 | |
| Profit (loss) for the period | 9904 | €1,578 | -€2,574 | -€4,152 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,578 | -€2,574 | -€4,152 |
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 30 October 2026 via checked.be.