B-LIEVEN: 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.
B-LIEVEN
Largest movements
- Current investments +€341,999
up €341,999 (+924%), from €36,999 to €378,998
- Cash -€310,375
down €310,375 (-81.8%), from €379,368 to €68,993
mainly Current investments (-€341,999) and Contributions, distributions and other (-€146,000)
- Tangible fixed assets -€26,361
down €26,361 (-8.5%), from €308,636 to €282,275
of which Furniture and vehicles: -€16,910
- Receivables within one year -€13,984
down €13,984 (-30.0%), from €46,621 to €32,637
of which Other amounts receivable: -€10,764
- Other debts +€71,395
new in 2025: €71,395
- Reserves -€46,600
down €46,600 (-7.4%), from €630,360 to €583,760
of which Distributable reserves: -€46,600
- Tax, wage and social debts -€17,735
down €17,735 (-38.0%), from €46,624 to €28,889
- Debts after one year -€15,063
down €15,063 (-19.6%), from €76,685 to €61,623
- Gross operating margin -€92,651
down €92,651 (-35.6%), from €260,139 to €167,488
- Taxes -€30,353
down €30,353 (-41.5%), from €73,136 to €42,782
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 | €778,864 | €770,287 | -€8,577 | -1.1% |
| Fixed assets | 21/28 | €308,636 | €282,275 | -€26,361 | -8.5% |
| Tangible fixed assets | 22/27 | €308,636 | €282,275 | -€26,361 | -8.5% |
| Land and buildings | 22 | €248,185 | €240,617 | -€7,568 | -3.0% |
| Furniture and vehicles | 24 | €46,199 | €29,290 | -€16,910 | -36.6% |
| Other tangible fixed assets | 26 | €14,251 | €12,368 | -€1,883 | -13.2% |
| Current assets | 29/58 | €470,228 | €488,012 | +€17,784 | +3.8% |
| Amounts receivable within one year | 40/41 | €46,621 | €32,637 | -€13,984 | -30.0% |
| Trade receivables | 40 | €26,796 | €23,576 | -€3,220 | -12.0% |
| Other amounts receivable | 41 | €19,825 | €9,061 | -€10,764 | -54.3% |
| Current investments | 50/53 | €36,999 | €378,998 | +€341,999 | +924% |
| Cash at bank and in hand | 54/58 | €379,368 | €68,993 | -€310,375 | -81.8% |
| Deferred charges and accrued income | 490/1 | €7,241 | €7,385 | +€144 | +2.0% |
| Total equity and liabilities | 10/49 | €778,864 | €770,287 | -€8,577 | -1.1% |
| Equity | 10/15 | €638,231 | €591,638 | -€46,593 | -7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €630,360 | €583,760 | -€46,600 | -7.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €628,500 | €581,900 | -€46,600 | -7.4% |
| Profit (loss) carried forward | 14 | €1,671 | €1,678 | +€7 | +0.4% |
| Amounts payable | 17/49 | €140,633 | €178,649 | +€38,017 | +27.0% |
| Amounts payable after more than one year | 17 | €76,685 | €61,623 | -€15,063 | -19.6% |
| Financial debts | 170/4 | €76,685 | €61,623 | -€15,063 | -19.6% |
| Amounts payable within one year | 42/48 | €63,948 | €117,027 | +€53,079 | +83.0% |
| Current portion of amounts payable after more than one year | 42 | €14,928 | €15,063 | +€135 | +0.9% |
| Financial debts | 43 | €1,977 | €868 | -€1,108 | -56.1% |
| Credit institutions | 430/8 | €1,977 | €868 | -€1,108 | -56.1% |
| Trade debts | 44 | €419 | €812 | +€392 | +93.5% |
| Suppliers | 440/4 | €419 | €812 | +€392 | +93.5% |
| Taxes, remuneration and social security | 45 | €46,624 | €28,889 | -€17,735 | -38.0% |
| Taxes | 450/3 | €46,624 | €28,889 | -€17,735 | -38.0% |
| Other amounts payable | 47/48 | - | €71,395 | +€71,395 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €5 | €0 | -€5 | -100% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,585 | €26,361 | +€776 | +3.0% |
| Other operating charges | 640/8 | €1,553 | €1,939 | +€386 | +24.8% |
| Gross operating margin | 9900 | €260,139 | €167,488 | -€92,651 | -35.6% |
| Operating profit (loss) | 9901 | €233,001 | €138,937 | -€94,064 | -40.4% |
| Financial income | 75/76B | €5,042 | €4,176 | -€866 | -17.2% |
| Recurring financial income | 75 | €5,042 | €4,176 | -€866 | -17.2% |
| Financial charges | 65/66B | €724 | €925 | +€201 | +27.8% |
| Recurring financial charges | 65 | €724 | €925 | +€201 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €237,319 | €142,189 | -€95,131 | -40.1% |
| Income taxes | 67/77 | €73,136 | €42,782 | -€30,353 | -41.5% |
| Profit (loss) for the period | 9904 | €164,184 | €99,407 | -€64,777 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €164,184 | €99,407 | -€64,777 | -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 17 October 2026 via checked.be.