LIWBO: 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.
LIWBO
Largest movements
- Tangible fixed assets -€72,299
down €72,299 (-9.5%), from €757,162 to €684,864
of which Furniture and vehicles: -€60,465
- Receivables within one year -€35,138
down €35,138 (-28.3%), from €124,339 to €89,200
of which Trade receivables: -€19,360
- Cash -€12,059
down €12,059 (-14.0%), from €86,078 to €74,018
mainly Contributions, distributions and other (-€250,000) and Net result for the year (-€76,892)
- Profit (loss) carried forward -€326,892
down €326,892 (-65.3%), from €500,693 to €173,801
- Other debts +€206,708
up €206,708 (+45.8%), from €451,394 to €658,102
- Gross operating margin -€92,886
down €92,886, from €75,691 to -€17,195
- Depreciation -€13,691
down €13,691 (-20.1%), from €68,008 to €54,317
- Other operating charges +€4,411
up €4,411 (+475%), from €928 to €5,339
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.
Derived cash bridge
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 | €973,318 | €853,137 | -€120,181 | -12.3% |
| Fixed assets | 21/28 | €757,162 | €684,864 | -€72,299 | -9.5% |
| Tangible fixed assets | 22/27 | €757,162 | €684,864 | -€72,299 | -9.5% |
| Land and buildings | 22 | €629,425 | €617,591 | -€11,834 | -1.9% |
| Furniture and vehicles | 24 | €127,737 | €67,273 | -€60,465 | -47.3% |
| Current assets | 29/58 | €216,155 | €168,273 | -€47,882 | -22.2% |
| Amounts receivable within one year | 40/41 | €124,339 | €89,200 | -€35,138 | -28.3% |
| Trade receivables | 40 | €19,360 | €0 | -€19,360 | -100% |
| Other amounts receivable | 41 | €104,979 | €89,200 | -€15,778 | -15.0% |
| Cash at bank and in hand | 54/58 | €86,078 | €74,018 | -€12,059 | -14.0% |
| Deferred charges and accrued income | 490/1 | €5,739 | €5,055 | -€684 | -11.9% |
| Total equity and liabilities | 10/49 | €973,318 | €853,137 | -€120,181 | -12.3% |
| Equity | 10/15 | €519,293 | €192,401 | -€326,892 | -62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €500,693 | €173,801 | -€326,892 | -65.3% |
| Amounts payable | 17/49 | €454,025 | €660,736 | +€206,711 | +45.5% |
| Amounts payable within one year | 42/48 | €454,025 | €660,736 | +€206,711 | +45.5% |
| Trade debts | 44 | €324 | €2,634 | +€2,311 | +714% |
| Suppliers | 440/4 | €324 | €2,634 | +€2,311 | +714% |
| Taxes, remuneration and social security | 45 | €2,308 | €0 | -€2,308 | -100% |
| Taxes | 450/3 | €2,308 | €0 | -€2,308 | -100% |
| Other amounts payable | 47/48 | €451,394 | €658,102 | +€206,708 | +45.8% |
| Non-recurring operating income | 76A | - | €23,786 | +€23,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,008 | €54,317 | -€13,691 | -20.1% |
| Other operating charges | 640/8 | €928 | €5,339 | +€4,411 | +475% |
| Gross operating margin | 9900 | €75,691 | -€17,195 | -€92,886 | |
| Operating profit (loss) | 9901 | €6,755 | -€76,851 | -€83,607 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.0% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €6,712 | -€76,892 | -€83,604 | |
| Profit (loss) for the period | 9904 | €6,712 | -€76,892 | -€83,604 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,712 | -€76,892 | -€83,604 |
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 27 October 2026 via checked.be.