LIONS: what changed
LIONS
Largest movements
- Receivables within one year -€25,579
down €25,579 (-68.4%), from €37,394 to €11,815
of which Trade receivables: -€28,633
- Cash -€933
down €933 (-53.5%), from €1,744 to €811
mainly Accrued charges and deferred income (-€30,000) and Tax, wage and social debts (-€2,369)
- Accrued charges and deferred income -€30,000
no longer reported in 2025 (was €30,000)
- Profit (loss) carried forward +€6,530
up €6,530 (+27.2%), from -€24,052 to -€17,521
- Tax, wage and social debts -€2,369
no longer reported in 2025 (was €2,369)
- Trade debts -€639
down €639 (-26.4%), from €2,423 to €1,784
- Gross operating margin +€12,463
up €12,463, from -€5,732 to €6,731
- Financial charges -€776
down €776 (-87.1%), from €890 to €114
- Depreciation -€177
down €177 (-66.7%), from €266 to €89
- Other operating charges -€149
no longer reported in 2025 (was €149)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,705 | €12,968 | -€26,738 | -67.3% |
| Fixed assets | 21/28 | €89 | €0 | -€89 | -100% |
| Tangible fixed assets | 22/27 | €89 | €0 | -€89 | -100% |
| Plant, machinery and equipment | 23 | €89 | €0 | -€89 | -100% |
| Current assets | 29/58 | €39,617 | €12,968 | -€26,649 | -67.3% |
| Amounts receivable within one year | 40/41 | €37,394 | €11,815 | -€25,579 | -68.4% |
| Trade receivables | 40 | €37,394 | €8,761 | -€28,633 | -76.6% |
| Other amounts receivable | 41 | - | €3,054 | +€3,054 | |
| Cash at bank and in hand | 54/58 | €1,744 | €811 | -€933 | -53.5% |
| Deferred charges and accrued income | 490/1 | €478 | €341 | -€137 | -28.6% |
| Total equity and liabilities | 10/49 | €39,705 | €12,968 | -€26,738 | -67.3% |
| Equity | 10/15 | -€5,452 | €1,079 | +€6,530 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,052 | -€17,521 | +€6,530 | +27.2% |
| Amounts payable | 17/49 | €45,157 | €11,889 | -€33,268 | -73.7% |
| Amounts payable within one year | 42/48 | €15,157 | €11,889 | -€3,268 | -21.6% |
| Trade debts | 44 | €2,423 | €1,784 | -€639 | -26.4% |
| Suppliers | 440/4 | €2,423 | €1,784 | -€639 | -26.4% |
| Taxes, remuneration and social security | 45 | €2,369 | - | -€2,369 | |
| Taxes | 450/3 | €2,369 | - | -€2,369 | |
| Other amounts payable | 47/48 | €10,365 | €10,105 | -€260 | -2.5% |
| Accrued charges and deferred income | 492/3 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €89 | -€177 | -66.7% |
| Other operating charges | 640/8 | €149 | - | -€149 | |
| Gross operating margin | 9900 | -€5,732 | €6,731 | +€12,463 | |
| Operating profit (loss) | 9901 | -€6,147 | €6,643 | +€12,790 | |
| Financial income | 75/76B | €5 | €2 | -€3 | -58.7% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -58.7% |
| Financial charges | 65/66B | €890 | €114 | -€776 | -87.1% |
| Recurring financial charges | 65 | €890 | €114 | -€776 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,032 | €6,530 | +€13,562 | |
| Profit (loss) for the period | 9904 | -€7,032 | €6,530 | +€13,562 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,032 | €6,530 | +€13,562 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.