Lions 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.
Lions Head
Largest movements
- Receivables within one year -€10,300
down €10,300 (-66.5%), from €15,500 to €5,200
- Current investments -€3,791
down €3,791 (-34.3%), from €11,039 to €7,249
- Tangible fixed assets -€1,963
down €1,963 (-70.9%), from €2,767 to €804
of which Other tangible fixed assets: -€1,058
- Cash +€1,595
up €1,595 (+3,753%), from €43 to €1,638
mainly Receivables within one year (+€10,300) and Current investments (+€3,791)
- Deferred charges and accrued income -€801
down €801 (-48.3%), from €1,659 to €858
- Other debts -€13,097
down €13,097 (-85.8%), from €15,272 to €2,175
- Profit (loss) carried forward -€3,639
down €3,639 (-7.0%), from -€52,148 to -€55,788
- Tax, wage and social debts +€2,053
up €2,053 (+921%), from €223 to €2,276
- Trade debts -€577
down €577 (-40.3%), from €1,430 to €853
- Gross operating margin +€58,227
up €58,227 (+97.9%), from -€59,505 to -€1,277
- Financial income -€11,578
down €11,578 (-88.9%), from €13,017 to €1,439
- Depreciation -€1,951
down €1,951 (-68.3%), from €2,856 to €905
- Other operating charges +€1,683
up €1,683 (+211%), from €799 to €2,482
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 | €31,033 | €15,774 | -€15,259 | -49.2% |
| Fixed assets | 21/28 | €2,792 | €829 | -€1,963 | -70.3% |
| Tangible fixed assets | 22/27 | €2,767 | €804 | -€1,963 | -70.9% |
| Furniture and vehicles | 24 | €1,710 | €804 | -€905 | -52.9% |
| Other tangible fixed assets | 26 | €1,058 | - | -€1,058 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €28,241 | €14,944 | -€13,297 | -47.1% |
| Amounts receivable within one year | 40/41 | €15,500 | €5,200 | -€10,300 | -66.5% |
| Trade receivables | 40 | €15,500 | €5,200 | -€10,300 | -66.5% |
| Current investments | 50/53 | €11,039 | €7,249 | -€3,791 | -34.3% |
| Cash at bank and in hand | 54/58 | €43 | €1,638 | +€1,595 | +3,753% |
| Deferred charges and accrued income | 490/1 | €1,659 | €858 | -€801 | -48.3% |
| Total equity and liabilities | 10/49 | €31,033 | €15,774 | -€15,259 | -49.2% |
| Equity | 10/15 | €14,108 | €10,469 | -€3,639 | -25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,057 | €60,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,197 | €58,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,148 | -€55,788 | -€3,639 | -7.0% |
| Amounts payable | 17/49 | €16,925 | €5,305 | -€11,620 | -68.7% |
| Amounts payable within one year | 42/48 | €16,925 | €5,305 | -€11,620 | -68.7% |
| Trade debts | 44 | €1,430 | €853 | -€577 | -40.3% |
| Suppliers | 440/4 | €1,430 | €853 | -€577 | -40.3% |
| Taxes, remuneration and social security | 45 | €223 | €2,276 | +€2,053 | +921% |
| Taxes | 450/3 | €223 | €2,276 | +€2,053 | +921% |
| Other amounts payable | 47/48 | €15,272 | €2,175 | -€13,097 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,856 | €905 | -€1,951 | -68.3% |
| Other operating charges | 640/8 | €799 | €2,482 | +€1,683 | +211% |
| Gross operating margin | 9900 | -€59,505 | -€1,277 | +€58,227 | +97.9% |
| Operating profit (loss) | 9901 | -€63,160 | -€4,665 | +€58,495 | +92.6% |
| Financial income | 75/76B | €13,017 | €1,439 | -€11,578 | -88.9% |
| Recurring financial income | 75 | €13,017 | €1,439 | -€11,578 | -88.9% |
| Financial charges | 65/66B | €123 | €173 | +€50 | +40.7% |
| Recurring financial charges | 65 | €123 | €173 | +€50 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | -€50,267 | -€3,400 | +€46,867 | +93.2% |
| Income taxes | 67/77 | €451 | €240 | -€212 | -46.9% |
| Profit (loss) for the period | 9904 | -€50,718 | -€3,639 | +€47,079 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,718 | -€3,639 | +€47,079 | +92.8% |
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 1 November 2026 via checked.be.