LITHO: what changed
LITHO
Largest movements
- Tangible fixed assets -€46,754
down €46,754 (-6.1%), from €765,943 to €719,188
of which Land and buildings: -€28,894
- Cash +€46,713
up €46,713 (+406%), from €11,505 to €58,218
mainly Depreciation (+€72,842) and Receivables within one year (+€24,976)
- Receivables within one year -€24,976
down €24,976 (-22.5%), from €110,826 to €85,850
of which Trade receivables: -€17,666
- Debts after one year -€32,237
down €32,237 (-6.6%), from €490,016 to €457,778
of which Financial debts: -€32,237
- Reserves +€24,247
up €24,247 (+8.4%), from €287,710 to €311,957
of which Distributable reserves: +€24,247
- Gross operating margin +€11,821
up €11,821 (+10.3%), from €114,853 to €126,674
- Taxes +€4,971
up €4,971 (+107%), from €4,637 to €9,608
- Depreciation -€4,709
down €4,709 (-6.1%), from €77,551 to €72,842
- Financial income +€1,470
up €1,470 (+698%), from €210 to €1,680
of which Non-recurring financial income: +€1,676
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €893,596 | €868,523 | -€25,073 | -2.8% |
| Fixed assets | 21/28 | €766,193 | €719,438 | -€46,754 | -6.1% |
| Tangible fixed assets | 22/27 | €765,943 | €719,188 | -€46,754 | -6.1% |
| Land and buildings | 22 | €714,916 | €686,023 | -€28,894 | -4.0% |
| Plant, machinery and equipment | 23 | €2,452 | €1,776 | -€676 | -27.6% |
| Furniture and vehicles | 24 | €48,575 | €31,390 | -€17,185 | -35.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €127,404 | €149,085 | +€21,681 | +17.0% |
| Amounts receivable within one year | 40/41 | €110,826 | €85,850 | -€24,976 | -22.5% |
| Trade receivables | 40 | €103,247 | €85,581 | -€17,666 | -17.1% |
| Other amounts receivable | 41 | €7,579 | €269 | -€7,310 | -96.4% |
| Cash at bank and in hand | 54/58 | €11,505 | €58,218 | +€46,713 | +406% |
| Deferred charges and accrued income | 490/1 | €5,072 | €5,017 | -€56 | -1.1% |
| Total equity and liabilities | 10/49 | €893,596 | €868,523 | -€25,073 | -2.8% |
| Equity | 10/15 | €306,310 | €330,557 | +€24,247 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €287,710 | €311,957 | +€24,247 | +8.4% |
| Tax-exempt reserves | 132 | €4,292 | €4,292 | = | 0.0% |
| Distributable reserves | 133 | €283,418 | €307,665 | +€24,247 | +8.6% |
| Amounts payable | 17/49 | €587,287 | €537,966 | -€49,320 | -8.4% |
| Amounts payable after more than one year | 17 | €490,016 | €457,778 | -€32,237 | -6.6% |
| Financial debts | 170/4 | €488,015 | €455,777 | -€32,237 | -6.6% |
| Other amounts payable | 178/9 | €2,001 | €2,001 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,271 | €80,188 | -€17,083 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €55,399 | €48,079 | -€7,320 | -13.2% |
| Financial debts | 43 | €4,075 | €0 | -€4,075 | -100% |
| Credit institutions | 430/8 | €4,075 | €0 | -€4,075 | -100% |
| Trade debts | 44 | €19,997 | €15,151 | -€4,846 | -24.2% |
| Suppliers | 440/4 | €19,997 | €15,151 | -€4,846 | -24.2% |
| Taxes, remuneration and social security | 45 | €17,800 | €16,957 | -€843 | -4.7% |
| Taxes | 450/3 | €17,800 | €16,957 | -€843 | -4.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €5,544 | +€5,544 | |
| Remuneration, social security and pensions | 62 | €638 | €493 | -€145 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,551 | €72,842 | -€4,709 | -6.1% |
| Other operating charges | 640/8 | €1,288 | €1,990 | +€702 | +54.5% |
| Gross operating margin | 9900 | €114,853 | €126,674 | +€11,821 | +10.3% |
| Operating profit (loss) | 9901 | €35,376 | €51,349 | +€15,973 | +45.2% |
| Financial income | 75/76B | €210 | €1,680 | +€1,470 | +698% |
| Recurring financial income | 75 | €210 | €4 | -€207 | -98.2% |
| Non-recurring financial income | 76B | - | €1,676 | +€1,676 | |
| Financial charges | 65/66B | €20,180 | €19,174 | -€1,006 | -5.0% |
| Recurring financial charges | 65 | €20,180 | €19,174 | -€1,006 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €15,407 | €33,856 | +€18,449 | +120% |
| Income taxes | 67/77 | €4,637 | €9,608 | +€4,971 | +107% |
| Profit (loss) for the period | 9904 | €10,770 | €24,247 | +€13,477 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €10,770 | €24,247 | +€13,477 | +125% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.