LIZ-EL MANAGEMENT: 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.
LIZ-EL MANAGEMENT
Largest movements
- Cash +€41,937
up €41,937 (+243%), from €17,251 to €59,188
mainly Net result for the year (+€33,351) and Tax, wage and social debts (+€7,319)
- Current investments +€2,000
new in 2025: €2,000
- Reserves +€33,351
up €33,351 (+258%), from €12,938 to €46,289
- Tax, wage and social debts +€7,319
up €7,319 (+60.7%), from €12,063 to €19,382
of which Taxes: +€7,319
- Trade debts +€2,771
up €2,771 (+336%), from €826 to €3,597
- Gross operating margin +€26,937
up €26,937 (+163%), from €16,569 to €43,506
- Taxes +€5,525
up €5,525 (+162%), from €3,407 to €8,932
- Other operating charges +€688
new in 2025: €688
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 | €28,259 | €71,700 | +€43,441 | +154% |
| Fixed assets | 21/28 | €1,328 | €832 | -€496 | -37.3% |
| Tangible fixed assets | 22/27 | €1,328 | €832 | -€496 | -37.3% |
| Furniture and vehicles | 24 | €1,328 | €832 | -€496 | -37.3% |
| Current assets | 29/58 | €26,931 | €70,868 | +€43,937 | +163% |
| Amounts receivable within one year | 40/41 | €9,680 | €9,680 | = | 0.0% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Current investments | 50/53 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €17,251 | €59,188 | +€41,937 | +243% |
| Total equity and liabilities | 10/49 | €28,259 | €71,700 | +€43,441 | +154% |
| Equity | 10/15 | €14,938 | €48,289 | +€33,351 | +223% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,938 | €46,289 | +€33,351 | +258% |
| Distributable reserves | 133 | €12,938 | €46,289 | +€33,351 | +258% |
| Amounts payable | 17/49 | €13,321 | €23,411 | +€10,090 | +75.7% |
| Amounts payable within one year | 42/48 | €12,889 | €22,979 | +€10,090 | +78.3% |
| Trade debts | 44 | €826 | €3,597 | +€2,771 | +336% |
| Suppliers | 440/4 | €826 | €3,597 | +€2,771 | +336% |
| Taxes, remuneration and social security | 45 | €12,063 | €19,382 | +€7,319 | +60.7% |
| Taxes | 450/3 | €9,378 | €16,697 | +€7,319 | +78.0% |
| Remuneration and social security | 454/9 | €2,685 | €2,685 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €432 | €432 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €496 | +€336 | +210% |
| Other operating charges | 640/8 | - | €688 | +€688 | |
| Gross operating margin | 9900 | €16,569 | €43,506 | +€26,937 | +163% |
| Operating profit (loss) | 9901 | €16,409 | €42,322 | +€25,913 | +158% |
| Financial charges | 65/66B | €65 | €39 | -€26 | -39.5% |
| Recurring financial charges | 65 | €65 | €39 | -€26 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €16,345 | €42,283 | +€25,938 | +159% |
| Income taxes | 67/77 | €3,407 | €8,932 | +€5,525 | +162% |
| Profit (loss) for the period | 9904 | €12,938 | €33,351 | +€20,413 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €12,938 | €33,351 | +€20,413 | +158% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.