LIREGE: 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.
LIREGE
Largest movements
- Current investments +€309,644
up €309,644 (+47.3%), from €653,978 to €963,621
- Cash -€170,897
down €170,897 (-48.5%), from €352,089 to €181,192
mainly Current investments (-€309,644) and Receivables within one year (-€101,030)
- Receivables within one year +€101,030
up €101,030 (+153.8%), from €65,683 to €166,713
of which Other amounts receivable: +€136,030
- Reserves +€231,659
up €231,659 (+20.2%), from €1.1m to €1.4m
of which Distributable reserves: +€231,659
- Other operating charges -€167,725
down €167,725 (-99.4%), from €168,764 to €1,039
- Taxes +€61,222
up €61,222 (+138.3%), from €44,261 to €105,483
- Gross operating margin +€44,240
up €44,240 (+16.0%), from €276,841 to €321,081
- Financial income +€14,256
up €14,256 (+170.3%), from €8,373 to €22,629
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 | €1,185,850 | €1,425,570 | +€239,720 | +20.2% |
| Fixed assets | 21/28 | €9,000 | €10,188 | +€1,188 | +13.2% |
| Tangible fixed assets | 22/27 | €9,000 | €10,188 | +€1,188 | +13.2% |
| Land and buildings | 22 | €9,000 | €9,000 | = | 0.0% |
| Furniture and vehicles | 24 | - | €1,188 | +€1,188 | |
| Current assets | 29/58 | €1,176,850 | €1,415,382 | +€238,532 | +20.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €65,683 | €166,713 | +€101,030 | +153.8% |
| Trade receivables | 40 | €35,000 | €0 | -€35,000 | -100.0% |
| Other amounts receivable | 41 | €30,683 | €166,713 | +€136,030 | +443.3% |
| Current investments | 50/53 | €653,978 | €963,621 | +€309,644 | +47.3% |
| Cash at bank and in hand | 54/58 | €352,089 | €181,192 | -€170,897 | -48.5% |
| Deferred charges and accrued income | 490/1 | €5,101 | €3,855 | -€1,245 | -24.4% |
| Total equity and liabilities | 10/49 | €1,185,850 | €1,425,570 | +€239,720 | +20.2% |
| Equity | 10/15 | €1,161,552 | €1,393,211 | +€231,659 | +19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,149,152 | €1,380,811 | +€231,659 | +20.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,149,152 | €1,380,811 | +€231,659 | +20.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €24,298 | €32,359 | +€8,061 | +33.2% |
| Amounts payable within one year | 42/48 | €24,298 | €32,359 | +€8,061 | +33.2% |
| Trade debts | 44 | €1,574 | €2,971 | +€1,397 | +88.8% |
| Suppliers | 440/4 | €1,574 | €2,971 | +€1,397 | +88.8% |
| Taxes, remuneration and social security | 45 | €22,724 | €29,388 | +€6,663 | +29.3% |
| Taxes | 450/3 | €22,724 | €29,388 | +€6,663 | +29.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €176 | +€176 | |
| Other operating charges | 640/8 | €168,764 | €1,039 | -€167,725 | -99.4% |
| Gross operating margin | 9900 | €276,841 | €321,081 | +€44,240 | +16.0% |
| Operating profit (loss) | 9901 | €108,077 | €319,867 | +€211,790 | +196.0% |
| Financial income | 75/76B | €8,373 | €22,629 | +€14,256 | +170.3% |
| Recurring financial income | 75 | €8,373 | €22,629 | +€14,256 | +170.3% |
| Financial charges | 65/66B | €3,824 | €5,354 | +€1,530 | +40.0% |
| Recurring financial charges | 65 | €3,824 | €730 | -€3,094 | -80.9% |
| Non-recurring financial charges | 66B | - | €4,624 | +€4,624 | |
| Profit (loss) for the period before taxes | 9903 | €112,626 | €337,142 | +€224,516 | +199.3% |
| Income taxes | 67/77 | €44,261 | €105,483 | +€61,222 | +138.3% |
| Profit (loss) for the period | 9904 | €68,364 | €231,659 | +€163,294 | +238.9% |
| Transfer from tax-exempt reserves | 789 | €93,240 | €0 | -€93,240 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €161,604 | €231,659 | +€70,054 | +43.3% |
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 11 October 2026 via checked.be.