Liro Management: 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.
Liro Management
Largest movements
- Cash +€49,538
up €49,538 (+35.3%), from €140,346 to €189,884
mainly Net result for the year (+€81,893) and Trade debts (+€15,826)
- Receivables within one year +€25,525
up €25,525 (+830.4%), from €3,074 to €28,599
of which Trade receivables: +€20,555
- Tangible fixed assets -€2,654
down €2,654 (-20.4%), from €12,989 to €10,335
of which Other tangible fixed assets: -€1,456
- Profit (loss) carried forward +€81,893
up €81,893 (+81.4%), from €100,568 to €182,461
- Tax, wage and social debts -€20,805
down €20,805 (-44.9%), from €46,333 to €25,528
- Trade debts +€15,826
up €15,826 (+530.7%), from €2,982 to €18,807
- Other debts -€4,504
no longer reported in 2025 (was €4,504)
- Gross operating margin -€7,690
down €7,690 (-6.6%), from €115,752 to €108,062
- Taxes -€2,278
down €2,278 (-8.9%), from €25,542 to €23,264
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 | €156,409 | €228,818 | +€72,409 | +46.3% |
| Fixed assets | 21/28 | €12,989 | €10,335 | -€2,654 | -20.4% |
| Tangible fixed assets | 22/27 | €12,989 | €10,335 | -€2,654 | -20.4% |
| Plant, machinery and equipment | 23 | €1,209 | €782 | -€427 | -35.3% |
| Furniture and vehicles | 24 | €1,407 | €636 | -€771 | -54.8% |
| Other tangible fixed assets | 26 | €10,372 | €8,917 | -€1,456 | -14.0% |
| Current assets | 29/58 | €143,420 | €218,483 | +€75,063 | +52.3% |
| Amounts receivable within one year | 40/41 | €3,074 | €28,599 | +€25,525 | +830.4% |
| Trade receivables | 40 | €3,074 | €23,629 | +€20,555 | +668.7% |
| Other amounts receivable | 41 | - | €4,970 | +€4,970 | |
| Cash at bank and in hand | 54/58 | €140,346 | €189,884 | +€49,538 | +35.3% |
| Total equity and liabilities | 10/49 | €156,409 | €228,818 | +€72,409 | +46.3% |
| Equity | 10/15 | €102,590 | €184,483 | +€81,893 | +79.8% |
| Contributions | 10/11 | €2,022 | €2,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,568 | €182,461 | +€81,893 | +81.4% |
| Amounts payable | 17/49 | €53,819 | €44,335 | -€9,484 | -17.6% |
| Amounts payable within one year | 42/48 | €53,819 | €44,335 | -€9,484 | -17.6% |
| Trade debts | 44 | €2,982 | €18,807 | +€15,826 | +530.7% |
| Suppliers | 440/4 | €2,982 | €18,807 | +€15,826 | +530.7% |
| Taxes, remuneration and social security | 45 | €46,333 | €25,528 | -€20,805 | -44.9% |
| Taxes | 450/3 | €46,333 | €25,528 | -€20,805 | -44.9% |
| Other amounts payable | 47/48 | €4,504 | - | -€4,504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,748 | €2,654 | +€905 | +51.8% |
| Other operating charges | 640/8 | €74 | €196 | +€122 | +163.8% |
| Gross operating margin | 9900 | €115,752 | €108,062 | -€7,690 | -6.6% |
| Operating profit (loss) | 9901 | €113,930 | €105,213 | -€8,717 | -7.7% |
| Financial income | 75/76B | €34 | €3 | -€30 | -90.8% |
| Recurring financial income | 75 | €34 | €3 | -€30 | -90.8% |
| Financial charges | 65/66B | €315 | €59 | -€256 | -81.4% |
| Recurring financial charges | 65 | €315 | €59 | -€256 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | €113,648 | €105,157 | -€8,491 | -7.5% |
| Income taxes | 67/77 | €25,542 | €23,264 | -€2,278 | -8.9% |
| Profit (loss) for the period | 9904 | €88,107 | €81,893 | -€6,214 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €88,107 | €81,893 | -€6,214 | -7.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.