liro advisory: 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 advisory
Largest movements
- Cash -€15,040
down €15,040 (-9.5%), from €159,141 to €144,101
mainly Contributions, distributions and other (-€74,850) and Tax, wage and social debts (-€5,085)
- Receivables within one year -€13,529
down €13,529 (-44.3%), from €30,530 to €17,001
of which Trade receivables: -€14,328
- Reserves -€23,147
down €23,147 (-15.5%), from €148,939 to €125,792
- Tax, wage and social debts -€5,085
down €5,085 (-24.6%), from €20,654 to €15,570
of which Taxes: -€5,889
- Gross operating margin +€14,738
up €14,738 (+27.6%), from €53,333 to €68,072
- Taxes +€2,880
up €2,880 (+25.4%), from €11,321 to €14,201
- Staff costs -€2,535
no longer reported in 2025 (was €2,535)
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 | €192,469 | €162,601 | -€29,868 | -15.5% |
| Fixed assets | 21/28 | €2,798 | €1,499 | -€1,299 | -46.4% |
| Tangible fixed assets | 22/27 | €2,798 | €1,499 | -€1,299 | -46.4% |
| Plant, machinery and equipment | 23 | €2,363 | €1,499 | -€864 | -36.6% |
| Furniture and vehicles | 24 | €435 | - | -€435 | |
| Current assets | 29/58 | €189,671 | €161,102 | -€28,569 | -15.1% |
| Amounts receivable within one year | 40/41 | €30,530 | €17,001 | -€13,529 | -44.3% |
| Trade receivables | 40 | €30,530 | €16,202 | -€14,328 | -46.9% |
| Other amounts receivable | 41 | - | €799 | +€799 | |
| Cash at bank and in hand | 54/58 | €159,141 | €144,101 | -€15,040 | -9.5% |
| Total equity and liabilities | 10/49 | €192,469 | €162,601 | -€29,868 | -15.5% |
| Equity | 10/15 | €167,539 | €144,392 | -€23,147 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,939 | €125,792 | -€23,147 | -15.5% |
| Distributable reserves | 133 | €148,939 | €125,792 | -€23,147 | -15.5% |
| Amounts payable | 17/49 | €24,930 | €18,209 | -€6,721 | -27.0% |
| Amounts payable within one year | 42/48 | €24,930 | €18,209 | -€6,721 | -27.0% |
| Trade debts | 44 | €4,276 | €2,639 | -€1,636 | -38.3% |
| Suppliers | 440/4 | €4,276 | €2,639 | -€1,636 | -38.3% |
| Taxes, remuneration and social security | 45 | €20,654 | €15,570 | -€5,085 | -24.6% |
| Taxes | 450/3 | €15,157 | €9,269 | -€5,889 | -38.8% |
| Remuneration and social security | 454/9 | €5,497 | €6,301 | +€804 | +14.6% |
| Remuneration, social security and pensions | 62 | €2,535 | - | -€2,535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €987 | €1,299 | +€312 | +31.6% |
| Other operating charges | 640/8 | €641 | €722 | +€81 | +12.6% |
| Gross operating margin | 9900 | €53,333 | €68,072 | +€14,738 | +27.6% |
| Operating profit (loss) | 9901 | €49,170 | €66,050 | +€16,880 | +34.3% |
| Financial charges | 65/66B | €150 | €146 | -€4 | -2.9% |
| Recurring financial charges | 65 | €150 | €146 | -€4 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €49,019 | €65,904 | +€16,885 | +34.4% |
| Income taxes | 67/77 | €11,321 | €14,201 | +€2,880 | +25.4% |
| Profit (loss) for the period | 9904 | €37,698 | €51,703 | +€14,005 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,698 | €51,703 | +€14,005 | +37.1% |
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 27 October 2026 via checked.be.