LIRABO: 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.
LIRABO
Largest movements
- Cash +€741,696
up €741,696 (+1,104%), from €67,153 to €808,848
mainly Net result for the year (+€478,376) and Provisions (+€161,404)
- Tangible fixed assets -€147,784
down €147,784 (-24.9%), from €594,443 to €446,659
of which Land and buildings: -€147,694
- Receivables within one year +€117,897
up €117,897 (+1,981%), from €5,953 to €123,850
- Current investments -€83,604
down €83,604 (-14.9%), from €560,700 to €477,096
- Reserves +€484,212
up €484,212 (+616%), from €78,640 to €562,853
of which Tax-exempt reserves: +€484,212
- Provisions +€161,404
new in 2025: €161,404
- Gross operating margin +€663,315
up €663,315, from -€6,209 to €657,106
- Financial charges +€29,804
up €29,804 (+12,666%), from €235 to €30,040
- Financial income +€29,639
up €29,639 (+353%), from €8,408 to €38,047
- Depreciation -€15,188
down €15,188 (-48.5%), from €31,316 to €16,128
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 | €1,429,538 | €2,055,895 | +€626,356 | +43.8% |
| Fixed assets | 21/28 | €792,166 | €644,382 | -€147,784 | -18.7% |
| Intangible fixed assets | 21 | €197,227 | €197,227 | = | 0.0% |
| Tangible fixed assets | 22/27 | €594,443 | €446,659 | -€147,784 | -24.9% |
| Land and buildings | 22 | €593,617 | €445,922 | -€147,694 | -24.9% |
| Plant, machinery and equipment | 23 | €827 | €737 | -€90 | -10.9% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €637,372 | €1,411,513 | +€774,141 | +121% |
| Amounts receivable within one year | 40/41 | €5,953 | €123,850 | +€117,897 | +1,981% |
| Other amounts receivable | 41 | €5,953 | €123,850 | +€117,897 | +1,981% |
| Current investments | 50/53 | €560,700 | €477,096 | -€83,604 | -14.9% |
| Cash at bank and in hand | 54/58 | €67,153 | €808,848 | +€741,696 | +1,104% |
| Deferred charges and accrued income | 490/1 | €3,567 | €1,718 | -€1,848 | -51.8% |
| Total equity and liabilities | 10/49 | €1,429,538 | €2,055,895 | +€626,356 | +43.8% |
| Equity | 10/15 | €1,369,214 | €1,847,590 | +€478,376 | +34.9% |
| Contributions | 10/11 | €671,286 | €671,286 | = | 0.0% |
| Reserves | 13 | €78,640 | €562,853 | +€484,212 | +616% |
| Tax-exempt reserves | 132 | €30,648 | €514,861 | +€484,212 | +1,580% |
| Distributable reserves | 133 | €47,992 | €47,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | €619,288 | €613,451 | -€5,837 | -0.9% |
| Provisions and deferred taxes | 16 | - | €161,404 | +€161,404 | |
| Deferred taxes | 168 | - | €161,404 | +€161,404 | |
| Amounts payable | 17/49 | €60,324 | €46,901 | -€13,423 | -22.3% |
| Amounts payable after more than one year | 17 | €64 | €64 | = | 0.0% |
| Other amounts payable | 178/9 | €64 | €64 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,260 | €46,836 | -€13,423 | -22.3% |
| Trade debts | 44 | €3,534 | €0 | -€3,534 | -100% |
| Suppliers | 440/4 | €3,534 | €0 | -€3,534 | -100% |
| Advances received on contracts in progress | 46 | €600 | €0 | -€600 | -100% |
| Taxes, remuneration and social security | 45 | €7,425 | €0 | -€7,425 | -100% |
| Taxes | 450/3 | €7,425 | €0 | -€7,425 | -100% |
| Other amounts payable | 47/48 | €48,700 | €46,836 | -€1,864 | -3.8% |
| Non-recurring operating income | 76A | €8,248 | €645,617 | +€637,369 | +7,728% |
| Remuneration, social security and pensions | 62 | €724 | €0 | -€724 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,316 | €16,128 | -€15,188 | -48.5% |
| Other operating charges | 640/8 | €11,061 | €9,020 | -€2,041 | -18.4% |
| Gross operating margin | 9900 | -€6,209 | €657,106 | +€663,315 | |
| Operating profit (loss) | 9901 | -€49,309 | €631,958 | +€681,267 | |
| Financial income | 75/76B | €8,408 | €38,047 | +€29,639 | +353% |
| Recurring financial income | 75 | €8,408 | €38,047 | +€29,639 | +353% |
| Financial charges | 65/66B | €235 | €30,040 | +€29,804 | +12,666% |
| Recurring financial charges | 65 | €235 | €30,040 | +€29,804 | +12,666% |
| Profit (loss) for the period before taxes | 9903 | -€41,136 | €639,966 | +€681,102 | |
| Transfer to deferred taxes | 680 | - | €161,404 | +€161,404 | |
| Income taxes | 67/77 | €216 | €186 | -€30 | -13.8% |
| Profit (loss) for the period | 9904 | -€41,352 | €478,376 | +€519,728 | |
| Transfer to tax-exempt reserves | 689 | - | €484,212 | +€484,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,352 | -€5,837 | +€35,516 | +85.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.