LIRO TECHNICAL 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 TECHNICAL MANAGEMENT
Largest movements
- Cash +€35,739
up €35,739 (+84.8%), from €42,152 to €77,891
mainly Net result for the year (+€44,665) and Depreciation (+€7,359)
- Receivables within one year +€6,226
up €6,226 (+35.4%), from €17,573 to €23,799
of which Other amounts receivable: +€3,699
- Tangible fixed assets -€2,690
down €2,690 (-2.0%), from €137,769 to €135,079
of which Other tangible fixed assets: -€3,667
- Reserves +€42,665
up €42,665 (+44.2%), from €96,573 to €139,238
- Debts after one year -€6,981
down €6,981 (-8.1%), from €86,300 to €79,319
- Tax, wage and social debts +€3,098
new in 2025: €3,098
- Gross operating margin +€10,054
up €10,054 (+17.5%), from €57,600 to €67,654
- Depreciation +€3,075
up €3,075 (+71.8%), from €4,284 to €7,359
- Taxes +€1,454
up €1,454 (+14.1%), from €10,320 to €11,774
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 | €197,494 | €236,769 | +€39,275 | +19.9% |
| Fixed assets | 21/28 | €137,769 | €135,079 | -€2,690 | -2.0% |
| Tangible fixed assets | 22/27 | €137,769 | €135,079 | -€2,690 | -2.0% |
| Furniture and vehicles | 24 | €8,895 | €9,871 | +€976 | +11.0% |
| Other tangible fixed assets | 26 | €128,875 | €125,208 | -€3,667 | -2.8% |
| Current assets | 29/58 | €59,725 | €101,690 | +€41,965 | +70.3% |
| Amounts receivable within one year | 40/41 | €17,573 | €23,799 | +€6,226 | +35.4% |
| Trade receivables | 40 | €12,719 | €15,246 | +€2,527 | +19.9% |
| Other amounts receivable | 41 | €4,854 | €8,553 | +€3,699 | +76.2% |
| Cash at bank and in hand | 54/58 | €42,152 | €77,891 | +€35,739 | +84.8% |
| Total equity and liabilities | 10/49 | €197,494 | €236,769 | +€39,275 | +19.9% |
| Equity | 10/15 | €98,573 | €141,238 | +€42,665 | +43.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €96,573 | €139,238 | +€42,665 | +44.2% |
| Distributable reserves | 133 | €96,573 | €139,238 | +€42,665 | +44.2% |
| Amounts payable | 17/49 | €98,921 | €95,531 | -€3,390 | -3.4% |
| Amounts payable after more than one year | 17 | €86,300 | €79,319 | -€6,981 | -8.1% |
| Financial debts | 170/4 | €86,300 | €79,319 | -€6,981 | -8.1% |
| Amounts payable within one year | 42/48 | €12,621 | €16,213 | +€3,591 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €6,887 | €6,981 | +€94 | +1.4% |
| Trade debts | 44 | €5,684 | €6,008 | +€324 | +5.7% |
| Suppliers | 440/4 | €5,684 | €6,008 | +€324 | +5.7% |
| Taxes, remuneration and social security | 45 | - | €3,098 | +€3,098 | |
| Taxes | 450/3 | - | €3,098 | +€3,098 | |
| Other amounts payable | 47/48 | €51 | €125 | +€75 | +146.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,284 | €7,359 | +€3,075 | +71.8% |
| Other operating charges | 640/8 | €2,082 | €2,551 | +€469 | +22.5% |
| Gross operating margin | 9900 | €57,600 | €67,654 | +€10,054 | +17.5% |
| Operating profit (loss) | 9901 | €51,235 | €57,743 | +€6,509 | +12.7% |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Financial charges | 65/66B | €1,592 | €1,414 | -€178 | -11.2% |
| Recurring financial charges | 65 | €1,592 | €1,414 | -€178 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €49,643 | €56,439 | +€6,796 | +13.7% |
| Income taxes | 67/77 | €10,320 | €11,774 | +€1,454 | +14.1% |
| Profit (loss) for the period | 9904 | €39,322 | €44,665 | +€5,342 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,322 | €44,665 | +€5,342 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.