LIOREN: 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.
LIOREN
Largest movements
- Tangible fixed assets -€48,571
down €48,571 (-12.5%), from €389,084 to €340,513
- Receivables within one year +€9,951
up €9,951 (+37.3%), from €26,706 to €36,657
of which Trade receivables: +€9,951
- Debts after one year -€94,347
down €94,347 (-37.3%), from €252,656 to €158,309
- Profit (loss) carried forward +€38,631
up €38,631 (+167.1%), from €23,124 to €61,756
- Other debts +€7,890
up €7,890 (+15.1%), from €52,142 to €60,032
- Current portion of long-term debt +€5,195
up €5,195 (+12.0%), from €43,319 to €48,514
- Trade debts +€5,030
new in 2024: €5,030
- Financial charges -€4,997
down €4,997 (-27.0%), from €18,500 to €13,503
- Gross operating margin +€1,869
up €1,869 (+2.7%), from €70,131 to €72,000
- Taxes +€1,766
up €1,766 (+29.5%), from €5,984 to €7,750
- Other operating charges +€1,025
up €1,025 (+21.6%), from €4,748 to €5,773
From the 2022 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €417,240 | €381,939 | -€35,301 | -8.5% |
| Fixed assets | 21/28 | €389,084 | €340,513 | -€48,571 | -12.5% |
| Tangible fixed assets | 22/27 | €389,084 | €340,513 | -€48,571 | -12.5% |
| Land and buildings | 22 | €389,084 | €340,513 | -€48,571 | -12.5% |
| Current assets | 29/58 | €28,155 | €41,425 | +€13,270 | +47.1% |
| Amounts receivable within one year | 40/41 | €26,706 | €36,657 | +€9,951 | +37.3% |
| Trade receivables | 40 | €11,706 | €21,657 | +€9,951 | +85.0% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,449 | €4,769 | +€3,319 | +229.0% |
| Total equity and liabilities | 10/49 | €417,240 | €381,939 | -€35,301 | -8.5% |
| Equity | 10/15 | €58,124 | €96,756 | +€38,631 | +66.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,124 | €61,756 | +€38,631 | +167.1% |
| Amounts payable | 17/49 | €359,115 | €285,183 | -€73,932 | -20.6% |
| Amounts payable after more than one year | 17 | €252,656 | €158,309 | -€94,347 | -37.3% |
| Financial debts | 170/4 | €252,656 | €158,309 | -€94,347 | -37.3% |
| Amounts payable within one year | 42/48 | €101,492 | €121,920 | +€20,428 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €43,319 | €48,514 | +€5,195 | +12.0% |
| Trade debts | 44 | - | €5,030 | +€5,030 | |
| Suppliers | 440/4 | - | €5,030 | +€5,030 | |
| Taxes, remuneration and social security | 45 | €6,031 | €8,344 | +€2,313 | +38.4% |
| Taxes | 450/3 | €6,031 | €8,344 | +€2,313 | +38.4% |
| Other amounts payable | 47/48 | €52,142 | €60,032 | +€7,890 | +15.1% |
| Accrued charges and deferred income | 492/3 | €4,968 | €4,954 | -€14 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,286 | €24,286 | = | 0.0% |
| Other operating charges | 640/8 | €4,748 | €5,773 | +€1,025 | +21.6% |
| Gross operating margin | 9900 | €70,131 | €72,000 | +€1,869 | +2.7% |
| Operating profit (loss) | 9901 | €41,098 | €41,942 | +€844 | +2.1% |
| Financial charges | 65/66B | €18,500 | €13,503 | -€4,997 | -27.0% |
| Recurring financial charges | 65 | €18,500 | €13,503 | -€4,997 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €22,598 | €28,439 | +€5,842 | +25.9% |
| Income taxes | 67/77 | €5,984 | €7,750 | +€1,766 | +29.5% |
| Profit (loss) for the period | 9904 | €16,614 | €20,690 | +€4,076 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,614 | €20,690 | +€4,076 | +24.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.