Lithe: 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.
Lithe
Largest movements
- Cash -€175,284
down €175,284 (-53.4%), from €328,536 to €153,253
mainly Contributions, distributions and other (-€336,020) and Investment in fixed assets (net) (-€32,466)
- Tangible fixed assets +€25,543
up €25,543 (+5943.7%), from €430 to €25,973
of which Furniture and vehicles: +€25,973
- Profit (loss) carried forward -€221,991
down €221,991 (-98.4%), from €225,558 to €3,567
- Other debts +€76,800
up €76,800 (+273.2%), from €28,108 to €104,908
- Tax, wage and social debts -€4,237
down €4,237 (-11.7%), from €36,167 to €31,930
- Turnover +€7,235
up €7,235 (+4.7%), from €153,765 to €161,000
- Depreciation +€6,135
up €6,135 (+779.0%), from €788 to €6,923
- Gross operating margin +€4,349
up €4,349 (+2.9%), from €148,503 to €152,852
- Other operating charges +€3,809
new in 2025: €3,809
- Purchases and services +€2,886
up €2,886 (+54.9%), from €5,262 to €8,148
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 | €342,833 | €193,489 | -€149,344 | -43.6% |
| Fixed assets | 21/28 | €430 | €25,973 | +€25,543 | +5943.7% |
| Tangible fixed assets | 22/27 | €430 | €25,973 | +€25,543 | +5943.7% |
| Land and buildings | 22 | €430 | - | -€430 | |
| Furniture and vehicles | 24 | - | €25,973 | +€25,973 | |
| Current assets | 29/58 | €342,404 | €167,516 | -€174,887 | -51.1% |
| Amounts receivable within one year | 40/41 | €13,377 | €11,858 | -€1,519 | -11.4% |
| Trade receivables | 40 | €13,377 | €11,858 | -€1,519 | -11.4% |
| Cash at bank and in hand | 54/58 | €328,536 | €153,253 | -€175,284 | -53.4% |
| Deferred charges and accrued income | 490/1 | €491 | €2,406 | +€1,915 | +390.4% |
| Total equity and liabilities | 10/49 | €342,833 | €193,489 | -€149,344 | -43.6% |
| Equity | 10/15 | €278,558 | €56,567 | -€221,991 | -79.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,558 | €3,567 | -€221,991 | -98.4% |
| Amounts payable | 17/49 | €64,275 | €136,922 | +€72,647 | +113.0% |
| Amounts payable within one year | 42/48 | €64,275 | €136,922 | +€72,647 | +113.0% |
| Trade debts | 44 | - | €84 | +€84 | |
| Suppliers | 440/4 | - | €84 | +€84 | |
| Taxes, remuneration and social security | 45 | €36,167 | €31,930 | -€4,237 | -11.7% |
| Taxes | 450/3 | €36,167 | €31,930 | -€4,237 | -11.7% |
| Other amounts payable | 47/48 | €28,108 | €104,908 | +€76,800 | +273.2% |
| Turnover | 70 | €153,765 | €161,000 | +€7,235 | +4.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,262 | €8,148 | +€2,886 | +54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €788 | €6,923 | +€6,135 | +779.0% |
| Other operating charges | 640/8 | - | €3,809 | +€3,809 | |
| Gross operating margin | 9900 | €148,503 | €152,852 | +€4,349 | +2.9% |
| Operating profit (loss) | 9901 | €147,716 | €142,120 | -€5,595 | -3.8% |
| Financial charges | 65/66B | - | €60 | +€60 | |
| Recurring financial charges | 65 | - | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | €147,716 | €142,060 | -€5,655 | -3.8% |
| Income taxes | 67/77 | €29,930 | €28,032 | -€1,898 | -6.3% |
| Profit (loss) for the period | 9904 | €117,786 | €114,029 | -€3,757 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,786 | €114,029 | -€3,757 | -3.2% |
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 11 October 2026 via checked.be.