De Liagre Group: 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.
De Liagre Group
Largest movements
- Receivables within one year +€24,614
up €24,614 (+106%), from €23,144 to €47,759
of which Trade receivables: +€21,331
- Stocks and contracts +€10,234
up €10,234 (+49.9%), from €20,500 to €30,734
- Cash -€8,638
no longer reported in 2025 (was €8,638)
mainly Receivables within one year (-€24,614) and Investment in fixed assets (net) (-€19,071)
- Tangible fixed assets +€5,235
up €5,235 (+2.0%), from €264,862 to €270,097
of which Other tangible fixed assets: +€13,471
- Deferred charges and accrued income +€3,904
up €3,904 (+89.8%), from €4,346 to €8,250
- Profit (loss) carried forward +€26,726
up €26,726, from -€1,550 to €25,176
- Tax, wage and social debts +€10,665
up €10,665 (+284%), from €3,755 to €14,419
- Current portion of long-term debt -€6,954
down €6,954 (-49.0%), from €14,198 to €7,244
- Short-term financial debts +€6,226
new in 2025: €6,226
- Other operating charges -€31,096
down €31,096 (-90.2%), from €34,465 to €3,369
- Gross operating margin +€26,383
up €26,383 (+76.2%), from €34,610 to €60,993
- Depreciation +€12,232
up €12,232 (+762%), from €1,605 to €13,836
- Financial charges +€8,971
up €8,971 (+9,959%), from €90 to €9,062
- Taxes +€8,000
new in 2025: €8,000
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 | €321,989 | €357,339 | +€35,350 | +11.0% |
| Fixed assets | 21/28 | €265,362 | €270,597 | +€5,235 | +2.0% |
| Tangible fixed assets | 22/27 | €264,862 | €270,097 | +€5,235 | +2.0% |
| Land and buildings | 22 | €263,469 | €251,219 | -€12,250 | -4.6% |
| Furniture and vehicles | 24 | €1,393 | €5,407 | +€4,014 | +288% |
| Other tangible fixed assets | 26 | - | €13,471 | +€13,471 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €56,628 | €86,743 | +€30,115 | +53.2% |
| Stocks and contracts in progress | 3 | €20,500 | €30,734 | +€10,234 | +49.9% |
| Stocks | 30/36 | €20,500 | €30,734 | +€10,234 | +49.9% |
| Amounts receivable within one year | 40/41 | €23,144 | €47,759 | +€24,614 | +106% |
| Trade receivables | 40 | €22,627 | €43,958 | +€21,331 | +94.3% |
| Other amounts receivable | 41 | €517 | €3,800 | +€3,283 | +635% |
| Cash at bank and in hand | 54/58 | €8,638 | - | -€8,638 | |
| Deferred charges and accrued income | 490/1 | €4,346 | €8,250 | +€3,904 | +89.8% |
| Total equity and liabilities | 10/49 | €321,989 | €357,339 | +€35,350 | +11.0% |
| Equity | 10/15 | €950 | €27,676 | +€26,726 | +2,812% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,550 | €25,176 | +€26,726 | |
| Amounts payable | 17/49 | €321,039 | €329,663 | +€8,624 | +2.7% |
| Amounts payable after more than one year | 17 | €296,302 | €296,302 | = | 0.0% |
| Financial debts | 170/4 | €196,302 | €196,302 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,437 | €32,061 | +€8,624 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €14,198 | €7,244 | -€6,954 | -49.0% |
| Financial debts | 43 | - | €6,226 | +€6,226 | |
| Credit institutions | 430/8 | - | €6,226 | +€6,226 | |
| Trade debts | 44 | €2,357 | €766 | -€1,591 | -67.5% |
| Suppliers | 440/4 | €2,357 | €766 | -€1,591 | -67.5% |
| Taxes, remuneration and social security | 45 | €3,755 | €14,419 | +€10,665 | +284% |
| Taxes | 450/3 | €3,755 | €14,419 | +€10,665 | +284% |
| Other amounts payable | 47/48 | €3,127 | €3,407 | +€280 | +9.0% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,300 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,605 | €13,836 | +€12,232 | +762% |
| Other operating charges | 640/8 | €34,465 | €3,369 | -€31,096 | -90.2% |
| Gross operating margin | 9900 | €34,610 | €60,993 | +€26,383 | +76.2% |
| Operating profit (loss) | 9901 | -€1,459 | €43,787 | +€45,247 | |
| Financial charges | 65/66B | €90 | €9,062 | +€8,971 | +9,959% |
| Recurring financial charges | 65 | €90 | €9,062 | +€8,971 | +9,959% |
| Profit (loss) for the period before taxes | 9903 | -€1,550 | €34,726 | +€36,275 | |
| Income taxes | 67/77 | - | €8,000 | +€8,000 | |
| Profit (loss) for the period | 9904 | -€1,550 | €26,726 | +€28,275 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,550 | €26,726 | +€28,275 |
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 30 October 2026 via checked.be.