LiRo3: 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.
What changed
LiRo3
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€15,030
2023 · -€15,798+€30,827
Equity
€907,511
2023 · €892,481+€15,030
Cash
€17,133
2023 · €7,568+€9,565
Balance sheet total
€2.1m
2023 · €2.1m-€8,233
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€28,292
up €28,292 (+72.4%), from €39,076 to €67,368
- Depreciation -€2,061
down €2,061 (-9.5%), from €21,650 to €19,589
From the 2023 result to the 2024 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.
Result 2023
-€15,798
Gross operating margin
+€28,292
Depreciation
+€2,061
Other operating charges
+€64
Financial income
+€0
Financial charges
+€410
Result 2024
€15,030
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€27,062
Investment
-€439
Financing
-€17,058
Cash 2023
€7,568
From operations (derived)
+€27,062
Net result for the year
+€15,030
Depreciation
+€19,589
Receivables within one year
-€1,058
Deferred charges and accrued income
-€294
Provisions
-€1,640
Trade debts
+€469
Other debts
-€5,034
Investment (derived)
-€439
Investment in fixed assets (net)
-€439
Financing
-€17,058
Debts after one year
-€17,389
Current portion of long-term debt
+€331
Cash 2024
€17,133
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,074,615 | €2,066,382 | -€8,233 | -0.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,065,773 | €2,046,623 | -€19,150 | -0.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,065,773 | €2,046,623 | -€19,150 | -0.9% |
| Land and buildings | 22 | €2,064,434 | €2,045,355 | -€19,079 | -0.9% |
| Plant, machinery and equipment | 23 | €1,339 | €889 | -€450 | -33.6% |
| Furniture and vehicles | 24 | €0 | €379 | +€379 | |
| Current assets | 29/58 | €8,842 | €19,759 | +€10,916 | +123.5% |
| Amounts receivable within one year | 40/41 | €0 | €1,058 | +€1,058 | +1510828.6% |
| Trade receivables | 40 | - | €1,057 | +€1,057 | |
| Other amounts receivable | 41 | €0 | €0 | +€0 | +128.6% |
| Cash at bank and in hand | 54/58 | €7,568 | €17,133 | +€9,565 | +126.4% |
| Deferred charges and accrued income | 490/1 | €1,275 | €1,568 | +€294 | +23.0% |
| Total equity and liabilities | 10/49 | €2,074,615 | €2,066,382 | -€8,233 | -0.4% |
| Equity | 10/15 | €892,481 | €907,511 | +€15,030 | +1.7% |
| Contributions | 10/11 | €703,374 | €703,374 | = | 0.0% |
| Reserves | 13 | €189,107 | €204,137 | +€15,030 | +7.9% |
| Tax-exempt reserves | 132 | €128,148 | €123,229 | -€4,920 | -3.8% |
| Distributable reserves | 133 | €60,959 | €80,908 | +€19,949 | +32.7% |
| Provisions and deferred taxes | 16 | €55,530 | €53,890 | -€1,640 | -3.0% |
| Deferred taxes | 168 | €55,530 | €53,890 | -€1,640 | -3.0% |
| Amounts payable | 17/49 | €1,126,604 | €1,104,981 | -€21,623 | -1.9% |
| Amounts payable after more than one year | 17 | €906,615 | €889,225 | -€17,389 | -1.9% |
| Financial debts | 170/4 | €906,615 | €889,225 | -€17,389 | -1.9% |
| Amounts payable within one year | 42/48 | €219,990 | €215,756 | -€4,234 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €17,058 | €17,389 | +€331 | +1.9% |
| Trade debts | 44 | €379 | €848 | +€469 | +123.8% |
| Suppliers | 440/4 | €379 | €848 | +€469 | +123.8% |
| Other amounts payable | 47/48 | €202,553 | €197,519 | -€5,034 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,650 | €19,589 | -€2,061 | -9.5% |
| Other operating charges | 640/8 | €12,703 | €12,639 | -€64 | -0.5% |
| Gross operating margin | 9900 | €39,076 | €67,368 | +€28,292 | +72.4% |
| Operating profit (loss) | 9901 | €4,724 | €35,141 | +€30,417 | +643.9% |
| Financial income | 75/76B | €0 | €1 | +€0 | +126.1% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +126.1% |
| Financial charges | 65/66B | €22,161 | €21,752 | -€410 | -1.8% |
| Recurring financial charges | 65 | €22,161 | €21,752 | -€410 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,437 | €13,390 | +€30,827 | |
| Transfer from deferred taxes | 780 | €1,640 | €1,640 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€15,798 | €15,030 | +€30,827 | |
| Transfer from tax-exempt reserves | 789 | €4,920 | €4,920 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,878 | €19,949 | +€30,827 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.