Lion's retail: 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.
What changed
Lion's retail
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€280,776
2024 · -€1.1m+€773,907
Equity
-€307,377
2024 · -€26,601-€280,776
Cash
€2.0m
2024 · €1.5m+€504,981
Balance sheet total
€7.2m
2024 · €6.9m+€316,475
Largest movements
Assets
- Cash +€504,981
up €504,981 (+33.6%), from €1.5m to €2.0m
mainly Other debts (+€500,000) and Depreciation (+€416,159)
- Receivables within one year -€109,744
down €109,744 (-22.2%), from €495,232 to €385,488
of which Other amounts receivable: -€70,215
Equity and liabilities
- Other debts +€500,000
up €500,000 (+33.3%), from €1.5m to €2.0m
- Profit (loss) carried forward -€280,776
down €280,776 (-27.1%), from -€1.0m to -€1.3m
- Trade debts +€274,411
up €274,411 (+13.9%), from €2.0m to €2.2m
- Debts after one year -€243,117
down €243,117 (-8.6%), from €2.8m to €2.6m
Income statement
- Turnover +€5.0m
up €5.0m (+28.0%), from €17.9m to €22.9m
- Purchases and services +€3.1m
up €3.1m (+18.8%), from €16.4m to €19.5m
- Gross operating margin +€1.9m
up €1.9m (+104%), from €1.8m to €3.7m
- Staff costs +€741,348
up €741,348 (+28.8%), from €2.6m to €3.3m
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.
Result 2024
-€1.1m
Gross operating margin
+€1.9m
Staff costs
-€741,348
Depreciation
-€213,247
Write-downs
-€400
Other operating charges
-€51,624
Financial income
+€3,429
Financial charges
-€105,304
Taxes
-€2
Result 2025
-€280,776
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
-€351,841
Financing
-€221,338
Cash 2024
€1.5m
From operations (derived)
+€1.1m
Net result for the year
-€280,776
Depreciation
+€416,159
Stocks and contracts
+€411
Receivables within one year
+€109,744
Deferred charges and accrued income
+€14,032
Trade debts
+€274,411
Tax, wage and social debts
+€38,804
Other debts
+€500,000
Accrued charges and deferred income
+€5,373
Investment (derived)
-€351,841
Investment in fixed assets (net)
-€351,841
Financing
-€221,338
Debts after one year
-€243,117
Current portion of long-term debt
+€21,778
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,902,769 | €7,219,244 | +€316,475 | +4.6% |
| Formation expenses | 20 | €3,246 | €2,335 | -€910 | -28.0% |
| Fixed assets | 21/28 | €3,859,601 | €3,796,193 | -€63,408 | -1.6% |
| Intangible fixed assets | 21 | €214,739 | €158,249 | -€56,490 | -26.3% |
| Tangible fixed assets | 22/27 | €3,639,124 | €3,632,207 | -€6,918 | -0.2% |
| Plant, machinery and equipment | 23 | €188,906 | €171,550 | -€17,357 | -9.2% |
| Furniture and vehicles | 24 | €891,608 | €873,034 | -€18,574 | -2.1% |
| Other tangible fixed assets | 26 | €2,558,610 | €2,587,623 | +€29,013 | +1.1% |
| Financial fixed assets | 28 | €5,738 | €5,738 | = | 0.0% |
| Current assets | 29/58 | €3,039,923 | €3,420,716 | +€380,793 | +12.5% |
| Stocks and contracts in progress | 3 | €1,015,697 | €1,015,286 | -€411 | 0.0% |
| Stocks | 30/36 | €1,015,697 | €1,015,286 | -€411 | 0.0% |
| Amounts receivable within one year | 40/41 | €495,232 | €385,488 | -€109,744 | -22.2% |
| Trade receivables | 40 | €310,028 | €270,498 | -€39,529 | -12.8% |
| Other amounts receivable | 41 | €185,205 | €114,990 | -€70,215 | -37.9% |
| Cash at bank and in hand | 54/58 | €1,503,286 | €2,008,266 | +€504,981 | +33.6% |
| Deferred charges and accrued income | 490/1 | €25,707 | €11,675 | -€14,032 | -54.6% |
| Total equity and liabilities | 10/49 | €6,902,769 | €7,219,244 | +€316,475 | +4.6% |
| Equity | 10/15 | -€26,601 | -€307,377 | -€280,776 | -1,056% |
| Contributions | 10/11 | €1,010,000 | €1,010,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,036,601 | -€1,317,377 | -€280,776 | -27.1% |
| Amounts payable | 17/49 | €6,929,370 | €7,526,621 | +€597,251 | +8.6% |
| Amounts payable after more than one year | 17 | €2,818,143 | €2,575,026 | -€243,117 | -8.6% |
| Financial debts | 170/4 | €2,818,143 | €2,575,026 | -€243,117 | -8.6% |
| Amounts payable within one year | 42/48 | €4,111,227 | €4,946,221 | +€834,994 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €221,338 | €243,117 | +€21,778 | +9.8% |
| Trade debts | 44 | €1,969,271 | €2,243,683 | +€274,411 | +13.9% |
| Suppliers | 440/4 | €1,969,271 | €2,243,683 | +€274,411 | +13.9% |
| Taxes, remuneration and social security | 45 | €417,687 | €456,491 | +€38,804 | +9.3% |
| Taxes | 450/3 | €18,942 | €349 | -€18,594 | -98.2% |
| Remuneration and social security | 454/9 | €398,745 | €456,143 | +€57,398 | +14.4% |
| Other amounts payable | 47/48 | €1,502,930 | €2,002,930 | +€500,000 | +33.3% |
| Accrued charges and deferred income | 492/3 | - | €5,373 | +€5,373 | |
| Turnover | 70 | €17,906,351 | €22,912,972 | +€5.0m | +28.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €16,440,738 | €19,539,327 | +€3.1m | +18.8% |
| Remuneration, social security and pensions | 62 | €2,575,198 | €3,316,546 | +€741,348 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,912 | €416,159 | +€213,247 | +105% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €3,737 | €55,361 | +€51,624 | +1,381% |
| Gross operating margin | 9900 | €1,815,367 | €3,697,770 | +€1.9m | +104% |
| Operating profit (loss) | 9901 | -€966,480 | -€90,695 | +€875,784 | +90.6% |
| Financial income | 75/76B | €2,810 | €6,239 | +€3,429 | +122% |
| Recurring financial income | 75 | €2,810 | €6,239 | +€3,429 | +122% |
| Financial charges | 65/66B | €90,667 | €195,970 | +€105,304 | +116% |
| Recurring financial charges | 65 | €90,667 | €195,970 | +€105,304 | +116% |
| Profit (loss) for the period before taxes | 9903 | -€1,054,336 | -€280,427 | +€773,909 | +73.4% |
| Income taxes | 67/77 | €346 | €349 | +€2 | +0.7% |
| Profit (loss) for the period | 9904 | -€1,054,683 | -€280,776 | +€773,907 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,054,683 | -€280,776 | +€773,907 | +73.4% |
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 21 October 2026 via checked.be.