SAR Li-Lux: 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.
SAR Li-Lux
Largest movements
- Cash -€27,374
down €27,374 (-45.0%), from €60,783 to €33,409
mainly Trade debts (-€22,778) and Receivables within one year (-€10,129)
- Receivables within one year +€10,129
up €10,129 (+18.5%), from €54,725 to €64,854
of which Trade receivables: +€9,953
- Stocks and contracts -€4,334
down €4,334 (-23.8%), from €18,195 to €13,861
- Tangible fixed assets -€2,981
down €2,981 (-22.4%), from €13,303 to €10,322
of which Other tangible fixed assets: -€2,976
- Trade debts -€22,778
down €22,778 (-37.7%), from €60,409 to €37,631
- Reserves +€5,967
up €5,967 (+10.5%), from €56,859 to €62,827
- Other debts -€5,608
down €5,608 (-92.8%), from €6,042 to €435
- Tax, wage and social debts -€1,612
down €1,612 (-31.7%), from €5,092 to €3,480
- Gross operating margin -€11,632
down €11,632 (-44.1%), from €26,400 to €14,768
- Taxes -€6,219
no longer reported in 2025 (was €6,219)
- Financial income +€3,717
up €3,717 (+269%), from €1,383 to €5,100
of which Financial income: +€2,549
- Other operating charges +€2,199
up €2,199 (+56.4%), from €3,897 to €6,096
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 | €147,726 | €123,166 | -€24,560 | -16.6% |
| Fixed assets | 21/28 | €13,423 | €10,442 | -€2,981 | -22.2% |
| Tangible fixed assets | 22/27 | €13,303 | €10,322 | -€2,981 | -22.4% |
| Plant, machinery and equipment | 23 | €5,333 | €4,472 | -€861 | -16.1% |
| Furniture and vehicles | 24 | - | €856 | +€856 | |
| Other tangible fixed assets | 26 | €7,970 | €4,994 | -€2,976 | -37.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €134,303 | €112,723 | -€21,579 | -16.1% |
| Stocks and contracts in progress | 3 | €18,195 | €13,861 | -€4,334 | -23.8% |
| Stocks | 30/36 | €18,195 | €13,861 | -€4,334 | -23.8% |
| Amounts receivable within one year | 40/41 | €54,725 | €64,854 | +€10,129 | +18.5% |
| Trade receivables | 40 | €46,680 | €56,632 | +€9,953 | +21.3% |
| Other amounts receivable | 41 | €8,045 | €8,221 | +€176 | +2.2% |
| Cash at bank and in hand | 54/58 | €60,783 | €33,409 | -€27,374 | -45.0% |
| Deferred charges and accrued income | 490/1 | €600 | €600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €147,726 | €123,166 | -€24,560 | -16.6% |
| Equity | 10/15 | €75,652 | €81,620 | +€5,967 | +7.9% |
| Contributions | 10/11 | €18,793 | €18,793 | = | 0.0% |
| Reserves | 13 | €56,859 | €62,827 | +€5,967 | +10.5% |
| Distributable reserves | 133 | €56,859 | €62,827 | +€5,967 | +10.5% |
| Amounts payable | 17/49 | €72,073 | €41,546 | -€30,528 | -42.4% |
| Amounts payable within one year | 42/48 | €71,543 | €41,546 | -€29,997 | -41.9% |
| Trade debts | 44 | €60,409 | €37,631 | -€22,778 | -37.7% |
| Suppliers | 440/4 | €60,409 | €37,631 | -€22,778 | -37.7% |
| Taxes, remuneration and social security | 45 | €5,092 | €3,480 | -€1,612 | -31.7% |
| Taxes | 450/3 | €5,092 | €3,480 | -€1,612 | -31.7% |
| Other amounts payable | 47/48 | €6,042 | €435 | -€5,608 | -92.8% |
| Accrued charges and deferred income | 492/3 | €530 | - | -€530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,929 | €3,926 | -€3 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,085 | €3,085 | = | 0.0% |
| Other operating charges | 640/8 | €3,897 | €6,096 | +€2,199 | +56.4% |
| Gross operating margin | 9900 | €26,400 | €14,768 | -€11,632 | -44.1% |
| Operating profit (loss) | 9901 | €15,489 | €1,662 | -€13,828 | -89.3% |
| Financial income | 75/76B | €1,383 | €5,100 | +€3,717 | +269% |
| Recurring financial income | 75 | €1,383 | €3,932 | +€2,549 | +184% |
| Non-recurring financial income | 76B | - | €1,168 | +€1,168 | |
| Financial charges | 65/66B | €794 | €794 | +€0 | 0.0% |
| Recurring financial charges | 65 | €794 | €794 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €16,078 | €5,967 | -€10,111 | -62.9% |
| Income taxes | 67/77 | €6,219 | - | -€6,219 | |
| Profit (loss) for the period | 9904 | €9,859 | €5,967 | -€3,892 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,859 | €5,967 | -€3,892 | -39.5% |
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 29 October 2026 via checked.be.