LRI 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.
LRI MANAGEMENT
Largest movements
- Receivables within one year +€220,483
up €220,483 (+388%), from €56,824 to €277,306
of which Other amounts receivable: +€261,683
- Tangible fixed assets +€59,400
up €59,400 (+4,860%), from €1,222 to €60,622
- Cash -€51,995
down €51,995 (-96.6%), from €53,830 to €1,834
mainly Receivables within one year (-€220,483) and Investment in fixed assets (net) (-€76,419)
- Profit (loss) carried forward +€212,978
up €212,978 (+1,071%), from €19,879 to €232,857
- Trade debts +€21,488
up €21,488 (+1,613%), from €1,332 to €22,820
- Tax, wage and social debts -€11,125
down €11,125 (-53.2%), from €20,907 to €9,782
- Other debts +€4,546
up €4,546 (+8.6%), from €52,907 to €57,453
- Gross operating margin +€147,869
up €147,869 (+173%), from €85,290 to €233,159
- Depreciation +€17,020
new in 2025: €17,020
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 | €113,626 | €341,512 | +€227,887 | +201% |
| Fixed assets | 21/28 | €2,972 | €62,372 | +€59,400 | +1,998% |
| Tangible fixed assets | 22/27 | €1,222 | €60,622 | +€59,400 | +4,860% |
| Furniture and vehicles | 24 | €1,222 | €60,622 | +€59,400 | +4,860% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €110,653 | €279,140 | +€168,487 | +152% |
| Amounts receivable within one year | 40/41 | €56,824 | €277,306 | +€220,483 | +388% |
| Trade receivables | 40 | €54,813 | €13,613 | -€41,200 | -75.2% |
| Other amounts receivable | 41 | €2,011 | €263,694 | +€261,683 | +13,013% |
| Cash at bank and in hand | 54/58 | €53,830 | €1,834 | -€51,995 | -96.6% |
| Total equity and liabilities | 10/49 | €113,626 | €341,512 | +€227,887 | +201% |
| Equity | 10/15 | €38,479 | €251,457 | +€212,978 | +553% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,879 | €232,857 | +€212,978 | +1,071% |
| Amounts payable | 17/49 | €75,146 | €90,055 | +€14,908 | +19.8% |
| Amounts payable within one year | 42/48 | €75,146 | €90,055 | +€14,908 | +19.8% |
| Trade debts | 44 | €1,332 | €22,820 | +€21,488 | +1,613% |
| Suppliers | 440/4 | €1,332 | €22,820 | +€21,488 | +1,613% |
| Taxes, remuneration and social security | 45 | €20,907 | €9,782 | -€11,125 | -53.2% |
| Taxes | 450/3 | €20,907 | €9,782 | -€11,125 | -53.2% |
| Other amounts payable | 47/48 | €52,907 | €57,453 | +€4,546 | +8.6% |
| Remuneration, social security and pensions | 62 | - | €1,718 | +€1,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €17,020 | +€17,020 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12 | - | -€12 | |
| Other operating charges | 640/8 | - | €1,303 | +€1,303 | |
| Non-recurring operating charges | 66A | €5,514 | €0 | -€5,514 | -100% |
| Gross operating margin | 9900 | €85,290 | €233,159 | +€147,869 | +173% |
| Operating profit (loss) | 9901 | €79,764 | €213,117 | +€133,353 | +167% |
| Financial charges | 65/66B | €67 | €139 | +€72 | +107% |
| Recurring financial charges | 65 | €67 | €139 | +€72 | +107% |
| Profit (loss) for the period before taxes | 9903 | €79,697 | €212,978 | +€133,281 | +167% |
| Profit (loss) for the period | 9904 | €79,697 | €212,978 | +€133,281 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €79,697 | €212,978 | +€133,281 | +167% |
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 17 October 2026 via checked.be.