LITHIUM: 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.
LITHIUM
Largest movements
- Receivables after one year +€1.6m
up €1.6m (+351.6%), from €448,000 to €2.0m
- Financial fixed assets -€770,000
down €770,000 (-77.8%), from €990,108 to €220,108
- Cash -€323,661
down €323,661 (-59.1%), from €547,495 to €223,834
mainly Receivables after one year (-€1.6m) and Contributions, distributions and other (-€904,672)
- Receivables within one year +€309,597
up €309,597 (+190.8%), from €162,271 to €471,868
of which Other amounts receivable: +€311,467
- Tangible fixed assets +€52,426
up €52,426 (+17.5%), from €300,091 to €352,517
of which Furniture and vehicles: +€70,890
- Reserves +€560,797
up €560,797 (+22.0%), from €2.6m to €3.1m
of which Distributable reserves: +€560,797
- Other debts +€208,074
up €208,074 (+367.2%), from €56,665 to €264,739
- Tax, wage and social debts +€113,251
up €113,251 (+437.2%), from €25,906 to €139,156
- Financial income +€1.1m
up €1.1m (+295.0%), from €388,158 to €1.5m
of which Financial income: +€1.1m
- Taxes +€75,710
up €75,710 (+106.5%), from €71,115 to €146,825
- Gross operating margin +€37,209
up €37,209 (+25.5%), from €145,654 to €182,863
- Depreciation +€16,114
up €16,114 (+87.3%), from €18,464 to €34,578
- Financial charges -€2,049
down €2,049 (-10.5%), from €19,472 to €17,423
of which Non-recurring financial charges: -€5,047
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,025,726 | €3,906,589 | +€880,863 | +29.1% |
| Fixed assets | 21/28 | €1,290,199 | €572,625 | -€717,574 | -55.6% |
| Tangible fixed assets | 22/27 | €300,091 | €352,517 | +€52,426 | +17.5% |
| Land and buildings | 22 | €300,091 | €281,627 | -€18,464 | -6.2% |
| Furniture and vehicles | 24 | - | €70,890 | +€70,890 | |
| Financial fixed assets | 28 | €990,108 | €220,108 | -€770,000 | -77.8% |
| Current assets | 29/58 | €1,735,527 | €3,333,964 | +€1.6m | +92.1% |
| Amounts receivable after more than one year | 29 | €448,000 | €2,023,000 | +€1.6m | +351.6% |
| Other amounts receivable | 291 | €448,000 | €2,023,000 | +€1.6m | +351.6% |
| Amounts receivable within one year | 40/41 | €162,271 | €471,868 | +€309,597 | +190.8% |
| Trade receivables | 40 | €32,271 | €30,401 | -€1,869 | -5.8% |
| Other amounts receivable | 41 | €130,000 | €441,467 | +€311,467 | +239.6% |
| Current investments | 50/53 | €533,968 | €560,795 | +€26,827 | +5.0% |
| Cash at bank and in hand | 54/58 | €547,495 | €223,834 | -€323,661 | -59.1% |
| Deferred charges and accrued income | 490/1 | €43,794 | €54,467 | +€10,673 | +24.4% |
| Total equity and liabilities | 10/49 | €3,025,726 | €3,906,589 | +€880,863 | +29.1% |
| Equity | 10/15 | €2,928,329 | €3,489,126 | +€560,797 | +19.2% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €2,553,208 | €3,114,004 | +€560,797 | +22.0% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,885 | €12,885 | = | 0.0% |
| Distributable reserves | 133 | €2,524,123 | €3,084,919 | +€560,797 | +22.2% |
| Profit (loss) carried forward | 14 | €213,121 | €213,121 | = | 0.0% |
| Amounts payable | 17/49 | €97,397 | €417,463 | +€320,066 | +328.6% |
| Amounts payable within one year | 42/48 | €87,120 | €404,200 | +€317,081 | +364.0% |
| Trade debts | 44 | €4,550 | €305 | -€4,244 | -93.3% |
| Suppliers | 440/4 | €4,550 | €305 | -€4,244 | -93.3% |
| Taxes, remuneration and social security | 45 | €25,906 | €139,156 | +€113,251 | +437.2% |
| Taxes | 450/3 | €25,906 | €139,156 | +€113,251 | +437.2% |
| Other amounts payable | 47/48 | €56,665 | €264,739 | +€208,074 | +367.2% |
| Accrued charges and deferred income | 492/3 | €10,277 | €13,263 | +€2,985 | +29.0% |
| Non-recurring operating income | 76A | - | €8,869 | +€8,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,464 | €34,578 | +€16,114 | +87.3% |
| Other operating charges | 640/8 | €1,728 | €1,842 | +€114 | +6.6% |
| Non-recurring operating charges | 66A | - | €50,000 | +€50,000 | |
| Gross operating margin | 9900 | €145,654 | €182,863 | +€37,209 | +25.5% |
| Operating profit (loss) | 9901 | €125,462 | €96,444 | -€29,018 | -23.1% |
| Financial income | 75/76B | €388,158 | €1,533,272 | +€1.1m | +295.0% |
| Recurring financial income | 75 | €388,158 | €1,483,272 | +€1.1m | +282.1% |
| Non-recurring financial income | 76B | - | €50,000 | +€50,000 | |
| Financial charges | 65/66B | €19,472 | €17,423 | -€2,049 | -10.5% |
| Recurring financial charges | 65 | €14,425 | €17,423 | +€2,998 | +20.8% |
| Non-recurring financial charges | 66B | €5,047 | €0 | -€5,047 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €494,148 | €1,612,293 | +€1.1m | +226.3% |
| Income taxes | 67/77 | €71,115 | €146,825 | +€75,710 | +106.5% |
| Profit (loss) for the period | 9904 | €423,033 | €1,465,469 | +€1.0m | +246.4% |
| Profit (loss) for the period to be appropriated | 9905 | €423,033 | €1,465,469 | +€1.0m | +246.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.