LIONEL BOUR: 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.
LIONEL BOUR
Largest movements
- Tangible fixed assets +€14,493
up €14,493 (+2.7%), from €534,971 to €549,464
of which Furniture and vehicles: +€17,483
- Other debts -€178,480
down €178,480 (-82.1%), from €217,309 to €38,828
- Trade debts +€77,692
up €77,692 (+62.8%), from €123,793 to €201,486
- Profit (loss) carried forward +€71,828
up €71,828 (+61.0%), from €117,837 to €189,665
- Tax, wage and social debts +€25,413
up €25,413 (+34.3%), from €74,115 to €99,528
of which Remuneration and social security: +€12,836
- Current portion of long-term debt +€19,671
up €19,671 (+21.9%), from €89,628 to €109,300
- Gross operating margin +€95,611
up €95,611 (+14.6%), from €654,000 to €749,610
- Staff costs +€85,161
up €85,161 (+24.1%), from €352,950 to €438,111
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 | €900,110 | €928,802 | +€28,692 | +3.2% |
| Fixed assets | 21/28 | €584,221 | €603,714 | +€19,493 | +3.3% |
| Tangible fixed assets | 22/27 | €534,971 | €549,464 | +€14,493 | +2.7% |
| Land and buildings | 22 | €214,340 | €206,170 | -€8,170 | -3.8% |
| Plant, machinery and equipment | 23 | €13,063 | €18,242 | +€5,179 | +39.7% |
| Furniture and vehicles | 24 | €307,569 | €325,052 | +€17,483 | +5.7% |
| Financial fixed assets | 28 | €49,250 | €54,250 | +€5,000 | +10.2% |
| Current assets | 29/58 | €315,889 | €325,088 | +€9,199 | +2.9% |
| Amounts receivable within one year | 40/41 | €262,731 | €271,444 | +€8,713 | +3.3% |
| Trade receivables | 40 | €262,143 | €271,444 | +€9,302 | +3.5% |
| Other amounts receivable | 41 | €589 | €0 | -€589 | -100.0% |
| Cash at bank and in hand | 54/58 | €41,990 | €36,773 | -€5,217 | -12.4% |
| Deferred charges and accrued income | 490/1 | €11,168 | €16,871 | +€5,704 | +51.1% |
| Total equity and liabilities | 10/49 | €900,110 | €928,802 | +€28,692 | +3.2% |
| Equity | 10/15 | €138,297 | €214,853 | +€76,556 | +55.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,837 | €189,665 | +€71,828 | +61.0% |
| Investment grants | 15 | - | €4,728 | +€4,728 | |
| Amounts payable | 17/49 | €761,813 | €713,949 | -€47,864 | -6.3% |
| Amounts payable after more than one year | 17 | €256,968 | €264,808 | +€7,840 | +3.1% |
| Financial debts | 170/4 | €256,968 | €264,808 | +€7,840 | +3.1% |
| Amounts payable within one year | 42/48 | €504,845 | €449,141 | -€55,704 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €89,628 | €109,300 | +€19,671 | +21.9% |
| Trade debts | 44 | €123,793 | €201,486 | +€77,692 | +62.8% |
| Suppliers | 440/4 | €123,793 | €201,486 | +€77,692 | +62.8% |
| Taxes, remuneration and social security | 45 | €74,115 | €99,528 | +€25,413 | +34.3% |
| Taxes | 450/3 | €31,773 | €44,350 | +€12,577 | +39.6% |
| Remuneration and social security | 454/9 | €42,342 | €55,178 | +€12,836 | +30.3% |
| Other amounts payable | 47/48 | €217,309 | €38,828 | -€178,480 | -82.1% |
| Non-recurring operating income | 76A | - | €18,000 | +€18,000 | |
| Remuneration, social security and pensions | 62 | €352,950 | €438,111 | +€85,161 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,449 | €136,147 | +€6,699 | +5.2% |
| Other operating charges | 640/8 | €81,038 | €75,130 | -€5,908 | -7.3% |
| Gross operating margin | 9900 | €654,000 | €749,610 | +€95,611 | +14.6% |
| Operating profit (loss) | 9901 | €90,563 | €100,222 | +€9,659 | +10.7% |
| Financial income | 75/76B | €0 | €312 | +€312 | |
| Recurring financial income | 75 | €0 | €312 | +€312 | |
| Financial charges | 65/66B | €8,943 | €11,712 | +€2,769 | +31.0% |
| Recurring financial charges | 65 | €8,943 | €11,712 | +€2,769 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €81,620 | €88,822 | +€7,202 | +8.8% |
| Income taxes | 67/77 | €14,325 | €16,994 | +€2,669 | +18.6% |
| Profit (loss) for the period | 9904 | €67,295 | €71,828 | +€4,533 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,295 | €71,828 | +€4,533 | +6.7% |
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 7 October 2026 via checked.be.