Liorem: 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.
Liorem
Largest movements
- Receivables within one year -€63,379
down €63,379 (-75.2%), from €84,294 to €20,915
- Tangible fixed assets +€38,872
up €38,872 (+2,605%), from €1,492 to €40,364
of which Land and buildings: +€39,651
- Cash -€8,370
down €8,370 (-15.7%), from €53,421 to €45,051
mainly Contributions, distributions and other (-€76,142) and Investment in fixed assets (net) (-€42,648)
- Other debts +€35,339
up €35,339 (+133%), from €26,587 to €61,926
- Trade debts -€29,615
down €29,615 (-96.0%), from €30,834 to €1,219
- Tax, wage and social debts -€20,906
down €20,906 (-42.5%), from €49,195 to €28,290
of which Taxes: -€20,906
- Debts after one year -€18,165
down €18,165 (-31.8%), from €57,166 to €39,000
- Gross operating margin +€97,991
up €97,991 (+50.0%), from €195,880 to €293,871
- Financial charges +€77,866
up €77,866 (+79.3%), from €98,155 to €176,021
- Taxes +€11,977
up €11,977 (+46.6%), from €25,719 to €37,696
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,207 | €231,330 | -€32,877 | -12.4% |
| Fixed assets | 21/28 | €126,492 | €165,364 | +€38,872 | +30.7% |
| Tangible fixed assets | 22/27 | €1,492 | €40,364 | +€38,872 | +2,605% |
| Land and buildings | 22 | - | €39,651 | +€39,651 | |
| Furniture and vehicles | 24 | €1,492 | €713 | -€779 | -52.2% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €137,715 | €65,967 | -€71,749 | -52.1% |
| Amounts receivable within one year | 40/41 | €84,294 | €20,915 | -€63,379 | -75.2% |
| Trade receivables | 40 | €84,294 | €20,915 | -€63,379 | -75.2% |
| Cash at bank and in hand | 54/58 | €53,421 | €45,051 | -€8,370 | -15.7% |
| Total equity and liabilities | 10/49 | €264,207 | €231,330 | -€32,877 | -12.4% |
| Equity | 10/15 | €81,142 | €81,233 | +€91 | +0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,142 | €76,233 | +€91 | +0.1% |
| Distributable reserves | 133 | €76,142 | €76,233 | +€91 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,066 | €150,098 | -€32,968 | -18.0% |
| Amounts payable after more than one year | 17 | €57,166 | €39,000 | -€18,165 | -31.8% |
| Financial debts | 170/4 | €57,166 | €39,000 | -€18,165 | -31.8% |
| Amounts payable within one year | 42/48 | €125,900 | €111,097 | -€14,803 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €19,284 | €19,663 | +€379 | +2.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €30,834 | €1,219 | -€29,615 | -96.0% |
| Suppliers | 440/4 | €30,834 | €1,219 | -€29,615 | -96.0% |
| Taxes, remuneration and social security | 45 | €49,195 | €28,290 | -€20,906 | -42.5% |
| Taxes | 450/3 | €49,195 | €28,290 | -€20,906 | -42.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €26,587 | €61,926 | +€35,339 | +133% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,092 | €3,777 | +€2,684 | +246% |
| Other operating charges | 640/8 | €1,006 | €144 | -€861 | -85.7% |
| Gross operating margin | 9900 | €195,880 | €293,871 | +€97,991 | +50.0% |
| Operating profit (loss) | 9901 | €193,782 | €289,950 | +€96,168 | +49.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €98,155 | €176,021 | +€77,866 | +79.3% |
| Recurring financial charges | 65 | €98,155 | €176,021 | +€77,866 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €95,627 | €113,929 | +€18,301 | +19.1% |
| Income taxes | 67/77 | €25,719 | €37,696 | +€11,977 | +46.6% |
| Profit (loss) for the period | 9904 | €69,909 | €76,233 | +€6,324 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,909 | €76,233 | +€6,324 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.