LIOO: 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.
LIOO
Largest movements
- Receivables within one year -€102,511
down €102,511 (-85.1%), from €120,518 to €18,007
of which Trade receivables: -€95,850
- Tangible fixed assets -€27,864
down €27,864 (-4.6%), from €604,670 to €576,806
of which Land and buildings: -€21,250
- Other debts -€557,461
down €557,461 (-89.0%), from €626,261 to €68,800
- Current portion of long-term debt +€480,000
new in 2025: €480,000
- Profit (loss) carried forward -€58,324
down €58,324, from €46,099 to -€12,225
- Gross operating margin -€42,800
down €42,800, from €33,976 to -€8,824
- Depreciation +€17,648
up €17,648 (+437.1%), from €4,038 to €21,686
- Financial charges +€6,676
up €6,676 (+37.8%), from €17,647 to €24,323
- Taxes -€2,407
down €2,407 (-100.0%), from €2,407 to €0
- Other operating charges +€356
up €356 (+15.6%), from €2,281 to €2,637
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 | €727,495 | €596,032 | -€131,463 | -18.1% |
| Fixed assets | 21/28 | €604,670 | €576,806 | -€27,864 | -4.6% |
| Tangible fixed assets | 22/27 | €604,670 | €576,806 | -€27,864 | -4.6% |
| Land and buildings | 22 | €597,273 | €576,023 | -€21,250 | -3.6% |
| Furniture and vehicles | 24 | €7,397 | €783 | -€6,614 | -89.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €122,825 | €19,226 | -€103,599 | -84.3% |
| Amounts receivable within one year | 40/41 | €120,518 | €18,007 | -€102,511 | -85.1% |
| Trade receivables | 40 | €101,250 | €5,400 | -€95,850 | -94.7% |
| Other amounts receivable | 41 | €19,268 | €12,607 | -€6,661 | -34.6% |
| Cash at bank and in hand | 54/58 | €2,307 | €772 | -€1,535 | -66.5% |
| Deferred charges and accrued income | 490/1 | - | €447 | +€447 | |
| Total equity and liabilities | 10/49 | €727,495 | €596,032 | -€131,463 | -18.1% |
| Equity | 10/15 | €75,327 | €17,003 | -€58,324 | -77.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €19,229 | €19,229 | = | 0.0% |
| Distributable reserves | 133 | €19,229 | €19,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,099 | -€12,225 | -€58,324 | |
| Amounts payable | 17/49 | €652,168 | €579,029 | -€73,139 | -11.2% |
| Amounts payable within one year | 42/48 | €649,918 | €573,332 | -€76,586 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | - | €480,000 | +€480,000 | |
| Trade debts | 44 | €23,508 | €24,532 | +€1,025 | +4.4% |
| Suppliers | 440/4 | €23,508 | €24,532 | +€1,025 | +4.4% |
| Taxes, remuneration and social security | 45 | €150 | €0 | -€150 | -100.0% |
| Taxes | 450/3 | €150 | €0 | -€150 | -100.0% |
| Other amounts payable | 47/48 | €626,261 | €68,800 | -€557,461 | -89.0% |
| Accrued charges and deferred income | 492/3 | €2,250 | €5,697 | +€3,447 | +153.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,038 | €21,686 | +€17,648 | +437.1% |
| Other operating charges | 640/8 | €2,281 | €2,637 | +€356 | +15.6% |
| Non-recurring operating charges | 66A | €793 | €854 | +€62 | +7.8% |
| Gross operating margin | 9900 | €33,976 | -€8,824 | -€42,800 | |
| Operating profit (loss) | 9901 | €26,865 | -€34,001 | -€60,865 | |
| Financial charges | 65/66B | €17,647 | €24,323 | +€6,676 | +37.8% |
| Recurring financial charges | 65 | €17,647 | €24,323 | +€6,676 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €9,217 | -€58,324 | -€67,542 | |
| Income taxes | 67/77 | €2,407 | €0 | -€2,407 | -100.0% |
| Profit (loss) for the period | 9904 | €6,810 | -€58,324 | -€65,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,810 | -€58,324 | -€65,134 |
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 9 October 2026 via checked.be.