LIRASTO: 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.
LIRASTO
Largest movements
- Tangible fixed assets -€30,453
down €30,453 (-6.3%), from €483,508 to €453,054
of which Land and buildings: -€20,560
- Cash +€6,298
up €6,298 (+58.0%), from €10,857 to €17,155
mainly Depreciation (+€20,840) and Investment in fixed assets (net) (+€9,613)
- Receivables within one year +€6,042
new in 2025: €6,042
- Profit (loss) carried forward -€17,864
down €17,864 (-32.2%), from -€55,545 to -€73,409
- Depreciation +€9,801
up €9,801 (+88.8%), from €11,039 to €20,840
- Gross operating margin +€3,890
up €3,890 (+29.5%), from €13,202 to €17,091
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 | €496,419 | €478,905 | -€17,514 | -3.5% |
| Fixed assets | 21/28 | €484,251 | €453,798 | -€30,453 | -6.3% |
| Tangible fixed assets | 22/27 | €483,508 | €453,054 | -€30,453 | -6.3% |
| Land and buildings | 22 | €412,924 | €392,364 | -€20,560 | -5.0% |
| Plant, machinery and equipment | 23 | €2,090 | €1,305 | -€786 | -37.6% |
| Assets under construction and advance payments | 27 | €68,493 | €59,385 | -€9,108 | -13.3% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €12,168 | €25,107 | +€12,939 | +106% |
| Amounts receivable within one year | 40/41 | - | €6,042 | +€6,042 | |
| Trade receivables | 40 | - | €6,042 | +€6,042 | |
| Cash at bank and in hand | 54/58 | €10,857 | €17,155 | +€6,298 | +58.0% |
| Deferred charges and accrued income | 490/1 | €1,310 | €1,909 | +€599 | +45.7% |
| Total equity and liabilities | 10/49 | €496,419 | €478,905 | -€17,514 | -3.5% |
| Equity | 10/15 | €12,662 | -€5,202 | -€17,864 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,207 | €6,207 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7 | €7 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,545 | -€73,409 | -€17,864 | -32.2% |
| Amounts payable | 17/49 | €483,757 | €484,107 | +€351 | +0.1% |
| Amounts payable after more than one year | 17 | €148,029 | €148,029 | = | 0.0% |
| Financial debts | 170/4 | €148,029 | €148,029 | = | 0.0% |
| Amounts payable within one year | 42/48 | €335,727 | €336,078 | +€351 | +0.1% |
| Trade debts | 44 | - | €351 | +€351 | |
| Suppliers | 440/4 | - | €351 | +€351 | |
| Other amounts payable | 47/48 | €335,727 | €335,727 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,039 | €20,840 | +€9,801 | +88.8% |
| Other operating charges | 640/8 | €2,145 | €2,211 | +€66 | +3.1% |
| Non-recurring operating charges | 66A | - | €2,220 | +€2,220 | |
| Gross operating margin | 9900 | €13,202 | €17,091 | +€3,890 | +29.5% |
| Operating profit (loss) | 9901 | €18 | -€8,180 | -€8,197 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +280% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +280% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.5% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€49 | -€8,252 | -€8,202 | -16,631% |
| Profit (loss) for the period | 9904 | -€49 | -€8,252 | -€8,202 | -16,631% |
| Profit (loss) for the period to be appropriated | 9905 | -€49 | -€8,252 | -€8,202 | -16,631% |
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 17 October 2026 via checked.be.