LITHEA: 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.
LITHEA
Largest movements
- Tangible fixed assets +€501,785
up €501,785 (+28.7%), from €1.7m to €2.2m
of which Assets under construction and advance payments: +€479,564
- Cash +€459,004
up €459,004 (+63.3%), from €724,825 to €1.2m
mainly Debts after one year (+€418,703) and Net result for the year (+€418,363)
- Intangible fixed assets -€190,137
down €190,137 (-17.4%), from €1.1m to €903,150
- Debts after one year +€418,703
up €418,703 (+19.3%), from €2.2m to €2.6m
- Trade debts +€315,029
up €315,029 (+189.4%), from €166,366 to €481,394
- Gross operating margin +€319,399
up €319,399 (+21.0%), from €1.5m to €1.8m
- Staff costs +€109,984
up €109,984 (+14.1%), from €779,734 to €889,718
- Taxes +€61,473
up €61,473 (+60.5%), from €101,580 to €163,053
- Other operating charges +€27,393
up €27,393 (+54.6%), from €50,202 to €77,595
- Financial income +€25,400
up €25,400 (+444.4%), from €5,715 to €31,115
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 | €3,619,990 | €4,371,905 | +€751,914 | +20.8% |
| Fixed assets | 21/28 | €2,840,805 | €3,152,453 | +€311,648 | +11.0% |
| Intangible fixed assets | 21 | €1,093,287 | €903,150 | -€190,137 | -17.4% |
| Tangible fixed assets | 22/27 | €1,747,518 | €2,249,303 | +€501,785 | +28.7% |
| Land and buildings | 22 | €1,531,688 | €1,729,500 | +€197,813 | +12.9% |
| Plant, machinery and equipment | 23 | €7,167 | €4,881 | -€2,286 | -31.9% |
| Furniture and vehicles | 24 | €38,182 | €35,359 | -€2,824 | -7.4% |
| Other tangible fixed assets | 26 | €170,480 | €0 | -€170,480 | -100.0% |
| Assets under construction and advance payments | 27 | - | €479,564 | +€479,564 | |
| Current assets | 29/58 | €779,185 | €1,219,451 | +€440,266 | +56.5% |
| Amounts receivable within one year | 40/41 | €54,360 | €35,622 | -€18,738 | -34.5% |
| Trade receivables | 40 | €47,920 | €18,996 | -€28,925 | -60.4% |
| Other amounts receivable | 41 | €6,440 | €16,627 | +€10,187 | +158.2% |
| Cash at bank and in hand | 54/58 | €724,825 | €1,183,829 | +€459,004 | +63.3% |
| Total equity and liabilities | 10/49 | €3,619,990 | €4,371,905 | +€751,914 | +20.8% |
| Equity | 10/15 | €764,564 | €747,633 | -€16,931 | -2.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €724,564 | €707,633 | -€16,931 | -2.3% |
| Tax-exempt reserves | 132 | €63,150 | €45,432 | -€17,718 | -28.1% |
| Distributable reserves | 133 | €661,414 | €662,201 | +€787 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,855,426 | €3,624,272 | +€768,846 | +26.9% |
| Amounts payable after more than one year | 17 | €2,173,166 | €2,591,869 | +€418,703 | +19.3% |
| Financial debts | 170/4 | €2,173,166 | €2,591,869 | +€418,703 | +19.3% |
| Amounts payable within one year | 42/48 | €682,260 | €1,032,403 | +€350,143 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €319,804 | €319,804 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €166,366 | €481,394 | +€315,029 | +189.4% |
| Suppliers | 440/4 | €166,366 | €481,394 | +€315,029 | +189.4% |
| Taxes, remuneration and social security | 45 | €177,655 | €173,003 | -€4,653 | -2.6% |
| Taxes | 450/3 | €91,231 | €81,037 | -€10,194 | -11.2% |
| Remuneration and social security | 454/9 | €86,424 | €91,966 | +€5,542 | +6.4% |
| Other amounts payable | 47/48 | €18,435 | €58,202 | +€39,767 | +215.7% |
| Remuneration, social security and pensions | 62 | €779,734 | €889,718 | +€109,984 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,445 | €294,706 | -€10,738 | -3.5% |
| Other operating charges | 640/8 | €50,202 | €77,595 | +€27,393 | +54.6% |
| Gross operating margin | 9900 | €1,522,914 | €1,842,313 | +€319,399 | +21.0% |
| Operating profit (loss) | 9901 | €387,533 | €580,293 | +€192,761 | +49.7% |
| Financial income | 75/76B | €5,715 | €31,115 | +€25,400 | +444.4% |
| Recurring financial income | 75 | €5,715 | €31,115 | +€25,400 | +444.4% |
| Financial charges | 65/66B | €14,438 | €29,993 | +€15,554 | +107.7% |
| Recurring financial charges | 65 | €14,438 | €29,993 | +€15,554 | +107.7% |
| Profit (loss) for the period before taxes | 9903 | €378,810 | €581,416 | +€202,606 | +53.5% |
| Income taxes | 67/77 | €101,580 | €163,053 | +€61,473 | +60.5% |
| Profit (loss) for the period | 9904 | €277,230 | €418,363 | +€141,133 | +50.9% |
| Transfer from tax-exempt reserves | 789 | - | €17,718 | +€17,718 | |
| Transfer to tax-exempt reserves | 689 | €63,150 | €0 | -€63,150 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €214,080 | €436,081 | +€222,001 | +103.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.