LIONA: what changed
Two fiscal 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.
LIONA
Largest movements
- Receivables within one year +€108,489
up €108,489 (+269.8%), from €40,208 to €148,697
of which Trade receivables: +€103,851
- Current investments -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Cash +€24,585
up €24,585 (+219.2%), from €11,217 to €35,802
mainly Net result for the year (+€87,660) and Current investments (+€60,000)
- Tangible fixed assets +€22,299
up €22,299 (+55.4%), from €40,230 to €62,529
of which Furniture and vehicles: +€12,127
- Reserves +€87,660
up €87,660 (+116.6%), from €75,181 to €162,841
- Tax, wage and social debts +€17,311
up €17,311 (+74.7%), from €23,166 to €40,477
of which Taxes: +€16,659
- Debts after one year -€9,596
down €9,596 (-32.2%), from €29,826 to €20,231
- Gross operating margin +€25,953
up €25,953 (+28.5%), from €91,088 to €117,041
- Taxes +€6,689
up €6,689 (+35.7%), from €18,713 to €25,403
- Financial income +€1,224
up €1,224 (+201.6%), from €607 to €1,831
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.
Cash bridge derived
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 | €153,369 | €248,778 | +€95,409 | +62.2% |
| Fixed assets | 21/28 | €40,330 | €62,629 | +€22,299 | +55.3% |
| Tangible fixed assets | 22/27 | €40,230 | €62,529 | +€22,299 | +55.4% |
| Land and buildings | 22 | €32,797 | €37,600 | +€4,803 | +14.6% |
| Furniture and vehicles | 24 | €2,799 | €14,926 | +€12,127 | +433.3% |
| Other tangible fixed assets | 26 | €4,635 | €10,003 | +€5,368 | +115.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €113,039 | €186,149 | +€73,110 | +64.7% |
| Amounts receivable within one year | 40/41 | €40,208 | €148,697 | +€108,489 | +269.8% |
| Trade receivables | 40 | €35,073 | €138,924 | +€103,851 | +296.1% |
| Other amounts receivable | 41 | €5,135 | €9,772 | +€4,638 | +90.3% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,217 | €35,802 | +€24,585 | +219.2% |
| Deferred charges and accrued income | 490/1 | €1,614 | €1,649 | +€36 | +2.2% |
| Total equity and liabilities | 10/49 | €153,369 | €248,778 | +€95,409 | +62.2% |
| Equity | 10/15 | €76,181 | €163,841 | +€87,660 | +115.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €75,181 | €162,841 | +€87,660 | +116.6% |
| Distributable reserves | 133 | €75,181 | €162,841 | +€87,660 | +116.6% |
| Amounts payable | 17/49 | €77,188 | €84,937 | +€7,748 | +10.0% |
| Amounts payable after more than one year | 17 | €29,826 | €20,231 | -€9,596 | -32.2% |
| Financial debts | 170/4 | €29,826 | €20,231 | -€9,596 | -32.2% |
| Amounts payable within one year | 42/48 | €34,799 | €52,180 | +€17,381 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €9,247 | €9,596 | +€349 | +3.8% |
| Trade debts | 44 | €2,386 | €2,108 | -€278 | -11.7% |
| Suppliers | 440/4 | €2,386 | €2,108 | -€278 | -11.7% |
| Taxes, remuneration and social security | 45 | €23,166 | €40,477 | +€17,311 | +74.7% |
| Taxes | 450/3 | €23,166 | €39,824 | +€16,659 | +71.9% |
| Remuneration and social security | 454/9 | €0 | €652 | +€652 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €12,563 | €12,526 | -€37 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,689 | €3,955 | +€266 | +7.2% |
| Other operating charges | 640/8 | €418 | €248 | -€170 | -40.7% |
| Gross operating margin | 9900 | €91,088 | €117,041 | +€25,953 | +28.5% |
| Operating profit (loss) | 9901 | €86,980 | €112,838 | +€25,857 | +29.7% |
| Financial income | 75/76B | €607 | €1,831 | +€1,224 | +201.6% |
| Recurring financial income | 75 | €607 | €1,831 | +€1,224 | +201.6% |
| Financial charges | 65/66B | €1,558 | €1,605 | +€47 | +3.0% |
| Recurring financial charges | 65 | €1,558 | €1,605 | +€47 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €86,029 | €113,063 | +€27,034 | +31.4% |
| Income taxes | 67/77 | €18,713 | €25,403 | +€6,689 | +35.7% |
| Profit (loss) for the period | 9904 | €67,316 | €87,660 | +€20,345 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,316 | €87,660 | +€20,345 | +30.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.