LIRALE: 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.
LIRALE
Largest movements
- Current investments -€426,332
down €426,332 (-60.5%), from €705,169 to €278,837
- Receivables within one year +€356,796
up €356,796 (+31335.6%), from €1,139 to €357,935
- Cash -€99,892
down €99,892 (-98.9%), from €100,972 to €1,080
mainly Receivables within one year (-€356,796) and Accrued charges and deferred income (-€200,000)
- Tangible fixed assets -€81,707
down €81,707 (-2.2%), from €3.6m to €3.6m
of which Land and buildings: -€80,663
- Accrued charges and deferred income -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Profit (loss) carried forward -€53,182
down €53,182 (-11.2%), from -€472,921 to -€526,102
- Financial charges +€47,056
up €47,056 (+374.0%), from €12,582 to €59,638
- Financial income +€25,293
up €25,293 (+468.8%), from €5,396 to €30,689
- Gross operating margin +€9,957
up €9,957 (+16.8%), from €59,317 to €69,274
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 | €4,455,603 | €4,204,550 | -€251,054 | -5.6% |
| Fixed assets | 21/28 | €3,643,408 | €3,561,701 | -€81,707 | -2.2% |
| Tangible fixed assets | 22/27 | €3,643,408 | €3,561,701 | -€81,707 | -2.2% |
| Land and buildings | 22 | €3,639,231 | €3,558,569 | -€80,663 | -2.2% |
| Furniture and vehicles | 24 | €4,176 | €3,132 | -€1,044 | -25.0% |
| Current assets | 29/58 | €812,195 | €642,849 | -€169,347 | -20.9% |
| Amounts receivable within one year | 40/41 | €1,139 | €357,935 | +€356,796 | +31335.6% |
| Other amounts receivable | 41 | €1,139 | €357,935 | +€356,796 | +31335.6% |
| Current investments | 50/53 | €705,169 | €278,837 | -€426,332 | -60.5% |
| Cash at bank and in hand | 54/58 | €100,972 | €1,080 | -€99,892 | -98.9% |
| Deferred charges and accrued income | 490/1 | €4,916 | €4,997 | +€81 | +1.6% |
| Total equity and liabilities | 10/49 | €4,455,603 | €4,204,550 | -€251,054 | -5.6% |
| Equity | 10/15 | €3,952,079 | €3,898,898 | -€53,182 | -1.3% |
| Contributions | 10/11 | €4,425,000 | €4,425,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€472,921 | -€526,102 | -€53,182 | -11.2% |
| Amounts payable | 17/49 | €503,524 | €305,652 | -€197,872 | -39.3% |
| Amounts payable after more than one year | 17 | €302,000 | €302,000 | = | 0.0% |
| Other amounts payable | 178/9 | €302,000 | €302,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,524 | €3,652 | +€2,128 | +139.6% |
| Trade debts | 44 | €38 | €19 | -€19 | -48.8% |
| Suppliers | 440/4 | €38 | €19 | -€19 | -48.8% |
| Taxes, remuneration and social security | 45 | €1,486 | €3,633 | +€2,147 | +144.5% |
| Taxes | 450/3 | €1,486 | €3,633 | +€2,147 | +144.5% |
| Accrued charges and deferred income | 492/3 | €200,000 | €0 | -€200,000 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,681 | €81,707 | +€26 | 0.0% |
| Other operating charges | 640/8 | €11,555 | €11,800 | +€245 | +2.1% |
| Gross operating margin | 9900 | €59,317 | €69,274 | +€9,957 | +16.8% |
| Operating profit (loss) | 9901 | -€33,919 | -€24,232 | +€9,686 | +28.6% |
| Financial income | 75/76B | €5,396 | €30,689 | +€25,293 | +468.8% |
| Recurring financial income | 75 | €5,396 | €30,689 | +€25,293 | +468.8% |
| Financial charges | 65/66B | €12,582 | €59,638 | +€47,056 | +374.0% |
| Recurring financial charges | 65 | €12,582 | €59,638 | +€47,056 | +374.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,105 | -€53,182 | -€12,077 | -29.4% |
| Income taxes | 67/77 | €12 | €0 | -€12 | -100.0% |
| Profit (loss) for the period | 9904 | -€41,117 | -€53,182 | -€12,065 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,117 | -€53,182 | -€12,065 | -29.3% |
Source: filed annual accounts (NBB), fiscal 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.