LIWOMA: 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.
LIWOMA
Largest movements
- Cash +€112,715
up €112,715 (+74.4%), from €151,437 to €264,152
mainly Net result for the year (+€85,154) and Tax, wage and social debts (+€30,550)
- Receivables within one year +€5,683
up €5,683 (+35.7%), from €15,930 to €21,613
- Reserves +€85,154
up €85,154 (+66.2%), from €128,727 to €213,881
- Tax, wage and social debts +€30,550
up €30,550 (+76.7%), from €39,807 to €70,357
- Gross operating margin -€15,368
down €15,368 (-12.2%), from €125,858 to €110,490
- Taxes -€3,515
down €3,515 (-13.0%), from €26,972 to €23,457
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 | €173,132 | €289,010 | +€115,879 | +66.9% |
| Fixed assets | 21/28 | €4,346 | €2,728 | -€1,618 | -37.2% |
| Tangible fixed assets | 22/27 | €4,346 | €2,728 | -€1,618 | -37.2% |
| Furniture and vehicles | 24 | €3,063 | €1,590 | -€1,473 | -48.1% |
| Other tangible fixed assets | 26 | €1,283 | €1,138 | -€145 | -11.3% |
| Current assets | 29/58 | €168,786 | €286,282 | +€117,497 | +69.6% |
| Amounts receivable within one year | 40/41 | €15,930 | €21,613 | +€5,683 | +35.7% |
| Trade receivables | 40 | €15,930 | €21,613 | +€5,683 | +35.7% |
| Cash at bank and in hand | 54/58 | €151,437 | €264,152 | +€112,715 | +74.4% |
| Deferred charges and accrued income | 490/1 | €1,418 | €517 | -€901 | -63.5% |
| Total equity and liabilities | 10/49 | €173,132 | €289,010 | +€115,879 | +66.9% |
| Equity | 10/15 | €131,227 | €216,381 | +€85,154 | +64.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €128,727 | €213,881 | +€85,154 | +66.2% |
| Distributable reserves | 133 | €128,727 | €213,881 | +€85,154 | +66.2% |
| Amounts payable | 17/49 | €41,905 | €72,630 | +€30,725 | +73.3% |
| Amounts payable within one year | 42/48 | €41,772 | €72,497 | +€30,725 | +73.6% |
| Trade debts | 44 | €371 | €545 | +€174 | +47.0% |
| Suppliers | 440/4 | €371 | €545 | +€174 | +47.0% |
| Taxes, remuneration and social security | 45 | €39,807 | €70,357 | +€30,550 | +76.7% |
| Taxes | 450/3 | €39,807 | €70,357 | +€30,550 | +76.7% |
| Other amounts payable | 47/48 | €1,595 | €1,595 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €133 | €133 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,264 | €1,618 | +€354 | +28.0% |
| Other operating charges | 640/8 | €193 | €195 | +€2 | +1.0% |
| Gross operating margin | 9900 | €125,858 | €110,490 | -€15,368 | -12.2% |
| Operating profit (loss) | 9901 | €124,401 | €108,677 | -€15,724 | -12.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €191 | €66 | -€125 | -65.4% |
| Recurring financial charges | 65 | €191 | €66 | -€125 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €124,210 | €108,611 | -€15,599 | -12.6% |
| Income taxes | 67/77 | €26,972 | €23,457 | -€3,515 | -13.0% |
| Profit (loss) for the period | 9904 | €97,238 | €85,154 | -€12,084 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,238 | €85,154 | -€12,084 | -12.4% |
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 2 October 2026 via checked.be.