LIRO: 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.
LIRO
Largest movements
- Tangible fixed assets -€12,365
down €12,365 (-28.6%), from €43,206 to €30,841
of which Furniture and vehicles: -€10,312
- Cash -€4,661
down €4,661 (-6.5%), from €72,244 to €67,583
mainly Contributions, distributions and other (-€23,051) and Debts after one year (-€7,284)
- Reserves -€23,051
down €23,051 (-49.6%), from €46,497 to €23,446
of which Distributable reserves: -€23,051
- Profit (loss) carried forward +€13,451
up €13,451 (+20.1%), from €66,972 to €80,423
- Debts after one year -€7,284
down €7,284 (-49.0%), from €14,877 to €7,592
- Trade debts +€3,235
up €3,235 (+23.7%), from €13,635 to €16,870
- Tax, wage and social debts -€2,576
down €2,576 (-10.5%), from €24,632 to €22,056
of which Taxes: -€2,637
- Gross operating margin -€53,418
down €53,418 (-39.6%), from €134,818 to €81,400
- Taxes -€10,088
down €10,088 (-72.4%), from €13,941 to €3,853
- Financial charges -€2,297
down €2,297 (-65.3%), from €3,518 to €1,221
- Other operating charges +€2,223
up €2,223 (+88.3%), from €2,517 to €4,740
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 | €192,816 | €177,936 | -€14,880 | -7.7% |
| Fixed assets | 21/28 | €43,206 | €30,841 | -€12,365 | -28.6% |
| Tangible fixed assets | 22/27 | €43,206 | €30,841 | -€12,365 | -28.6% |
| Land and buildings | 22 | €10,044 | €7,663 | -€2,381 | -23.7% |
| Plant, machinery and equipment | 23 | €2,163 | €2,491 | +€328 | +15.2% |
| Furniture and vehicles | 24 | €30,998 | €20,687 | -€10,312 | -33.3% |
| Current assets | 29/58 | €149,610 | €147,095 | -€2,516 | -1.7% |
| Amounts receivable within one year | 40/41 | €75,007 | €75,755 | +€748 | +1.0% |
| Trade receivables | 40 | €61,593 | €63,121 | +€1,528 | +2.5% |
| Other amounts receivable | 41 | €13,414 | €12,634 | -€780 | -5.8% |
| Cash at bank and in hand | 54/58 | €72,244 | €67,583 | -€4,661 | -6.5% |
| Deferred charges and accrued income | 490/1 | €2,359 | €3,757 | +€1,397 | +59.2% |
| Total equity and liabilities | 10/49 | €192,816 | €177,936 | -€14,880 | -7.7% |
| Equity | 10/15 | €132,470 | €122,869 | -€9,600 | -7.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €46,497 | €23,446 | -€23,051 | -49.6% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €44,597 | €21,546 | -€23,051 | -51.7% |
| Profit (loss) carried forward | 14 | €66,972 | €80,423 | +€13,451 | +20.1% |
| Amounts payable | 17/49 | €60,346 | €55,066 | -€5,280 | -8.7% |
| Amounts payable after more than one year | 17 | €14,877 | €7,592 | -€7,284 | -49.0% |
| Financial debts | 170/4 | €14,877 | €7,592 | -€7,284 | -49.0% |
| Amounts payable within one year | 42/48 | €45,256 | €46,210 | +€955 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €6,989 | €7,284 | +€296 | +4.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €13,635 | €16,870 | +€3,235 | +23.7% |
| Suppliers | 440/4 | €13,635 | €16,870 | +€3,235 | +23.7% |
| Taxes, remuneration and social security | 45 | €24,632 | €22,056 | -€2,576 | -10.5% |
| Taxes | 450/3 | €19,648 | €17,011 | -€2,637 | -13.4% |
| Remuneration and social security | 454/9 | €4,985 | €5,045 | +€60 | +1.2% |
| Accrued charges and deferred income | 492/3 | €214 | €1,264 | +€1,050 | +490% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €43,968 | €45,105 | +€1,136 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,422 | €14,067 | -€355 | -2.5% |
| Other operating charges | 640/8 | €2,517 | €4,740 | +€2,223 | +88.3% |
| Gross operating margin | 9900 | €134,818 | €81,400 | -€53,418 | -39.6% |
| Operating profit (loss) | 9901 | €73,911 | €17,489 | -€56,422 | -76.3% |
| Financial income | 75/76B | €322 | €1,035 | +€713 | +221% |
| Recurring financial income | 75 | €322 | €1,035 | +€713 | +221% |
| Financial charges | 65/66B | €3,518 | €1,221 | -€2,297 | -65.3% |
| Recurring financial charges | 65 | €3,518 | €1,221 | -€2,297 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €70,716 | €17,303 | -€53,412 | -75.5% |
| Income taxes | 67/77 | €13,941 | €3,853 | -€10,088 | -72.4% |
| Profit (loss) for the period | 9904 | €56,775 | €13,451 | -€43,324 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,775 | €13,451 | -€43,324 | -76.3% |
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 23 October 2026 via checked.be.