The Lion King: 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.
The Lion King
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+33.8%), from €3.8m to €5.0m
- Cash -€147,662
down €147,662 (-67.5%), from €218,700 to €71,038
mainly Investment in fixed assets (net) (-€1.3m) and Other debts (-€147,629)
- Receivables within one year +€57,950
up €57,950 (+87.2%), from €66,479 to €124,429
- Debts after one year +€1.3m
up €1.3m (+34.0%), from €3.8m to €5.0m
of which Financial debts: +€1.1m
- Other debts -€147,629
down €147,629 (-98.4%), from €150,000 to €2,371
- Gross operating margin +€32,922
up €32,922 (+14.3%), from €229,600 to €262,522
- Financial charges +€26,073
up €26,073 (+17.4%), from €150,018 to €176,091
- Staff costs +€13,151
up €13,151 (+23.4%), from €56,123 to €69,274
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 | €4,069,861 | €5,228,262 | +€1.2m | +28.5% |
| Formation expenses | 20 | €19,276 | €14,276 | -€5,000 | -25.9% |
| Fixed assets | 21/28 | €3,755,305 | €5,018,303 | +€1.3m | +33.6% |
| Tangible fixed assets | 22/27 | €5,305 | €2,561 | -€2,744 | -51.7% |
| Plant, machinery and equipment | 23 | €5,305 | €2,561 | -€2,744 | -51.7% |
| Financial fixed assets | 28 | €3,750,000 | €5,015,741 | +€1.3m | +33.8% |
| Current assets | 29/58 | €295,280 | €195,683 | -€99,597 | -33.7% |
| Amounts receivable within one year | 40/41 | €66,479 | €124,429 | +€57,950 | +87.2% |
| Trade receivables | 40 | €66,479 | €124,429 | +€57,950 | +87.2% |
| Cash at bank and in hand | 54/58 | €218,700 | €71,038 | -€147,662 | -67.5% |
| Deferred charges and accrued income | 490/1 | €10,101 | €217 | -€9,884 | -97.9% |
| Total equity and liabilities | 10/49 | €4,069,861 | €5,228,262 | +€1.2m | +28.5% |
| Equity | 10/15 | €112,434 | €118,997 | +€6,563 | +5.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €12,434 | €18,997 | +€6,563 | +52.8% |
| Distributable reserves | 133 | €12,434 | €18,997 | +€6,563 | +52.8% |
| Amounts payable | 17/49 | €3,957,427 | €5,109,265 | +€1.2m | +29.1% |
| Amounts payable after more than one year | 17 | €3,750,000 | €5,025,741 | +€1.3m | +34.0% |
| Financial debts | 170/4 | - | €1,100,741 | +€1.1m | |
| Other amounts payable | 178/9 | €3,750,000 | €3,925,000 | +€175,000 | +4.7% |
| Amounts payable within one year | 42/48 | €207,427 | €74,425 | -€133,003 | -64.1% |
| Trade debts | 44 | €17,210 | €45,279 | +€28,069 | +163% |
| Suppliers | 440/4 | €17,210 | €45,279 | +€28,069 | +163% |
| Taxes, remuneration and social security | 45 | €40,217 | €26,774 | -€13,442 | -33.4% |
| Taxes | 450/3 | €27,405 | €18,243 | -€9,163 | -33.4% |
| Remuneration and social security | 454/9 | €12,811 | €8,532 | -€4,280 | -33.4% |
| Other amounts payable | 47/48 | €150,000 | €2,371 | -€147,629 | -98.4% |
| Accrued charges and deferred income | 492/3 | - | €9,099 | +€9,099 | |
| Remuneration, social security and pensions | 62 | €56,123 | €69,274 | +€13,151 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,906 | €7,744 | +€1,838 | +31.1% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €229,600 | €262,522 | +€32,922 | +14.3% |
| Operating profit (loss) | 9901 | €166,681 | €184,985 | +€18,304 | +11.0% |
| Financial charges | 65/66B | €150,018 | €176,091 | +€26,073 | +17.4% |
| Recurring financial charges | 65 | €150,018 | €176,091 | +€26,073 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €16,663 | €8,894 | -€7,769 | -46.6% |
| Income taxes | 67/77 | €4,229 | €2,331 | -€1,898 | -44.9% |
| Profit (loss) for the period | 9904 | €12,434 | €6,563 | -€5,871 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,434 | €6,563 | -€5,871 | -47.2% |
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 31 October 2026 via checked.be.