De Lieten: 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 Lieten
Largest movements
- Cash +€94,451
up €94,451 (+63.3%), from €149,215 to €243,666
mainly Net result for the year (+€70,227) and Tax, wage and social debts (+€30,115)
- Tangible fixed assets +€6,053
up €6,053 (+14.0%), from €43,246 to €49,299
of which Plant, machinery and equipment: +€10,008
- Reserves +€70,227
up €70,227 (+43.2%), from €162,636 to €232,863
- Tax, wage and social debts +€30,115
up €30,115 (+79.4%), from €37,944 to €68,058
of which Taxes: +€31,315
- Gross operating margin -€17,786
down €17,786 (-13.9%), from €127,677 to €109,892
- Taxes -€6,379
down €6,379 (-18.8%), from €33,944 to €27,565
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 | €207,031 | €306,473 | +€99,442 | +48.0% |
| Formation expenses | 20 | €653 | €348 | -€305 | -46.7% |
| Fixed assets | 21/28 | €43,246 | €49,299 | +€6,053 | +14.0% |
| Tangible fixed assets | 22/27 | €43,246 | €49,299 | +€6,053 | +14.0% |
| Land and buildings | 22 | €26,484 | €24,910 | -€1,573 | -5.9% |
| Plant, machinery and equipment | 23 | €12,111 | €22,119 | +€10,008 | +82.6% |
| Furniture and vehicles | 24 | €4,651 | €2,270 | -€2,381 | -51.2% |
| Current assets | 29/58 | €163,133 | €256,827 | +€93,694 | +57.4% |
| Amounts receivable within one year | 40/41 | €12,326 | €11,671 | -€655 | -5.3% |
| Other amounts receivable | 41 | €12,326 | €11,671 | -€655 | -5.3% |
| Cash at bank and in hand | 54/58 | €149,215 | €243,666 | +€94,451 | +63.3% |
| Deferred charges and accrued income | 490/1 | €1,592 | €1,489 | -€102 | -6.4% |
| Total equity and liabilities | 10/49 | €207,031 | €306,473 | +€99,442 | +48.0% |
| Equity | 10/15 | €165,636 | €235,863 | +€70,227 | +42.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €162,636 | €232,863 | +€70,227 | +43.2% |
| Distributable reserves | 133 | €162,636 | €232,863 | +€70,227 | +43.2% |
| Amounts payable | 17/49 | €41,396 | €70,610 | +€29,215 | +70.6% |
| Amounts payable within one year | 42/48 | €41,296 | €70,610 | +€29,315 | +71.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,352 | €2,552 | -€800 | -23.9% |
| Suppliers | 440/4 | €3,352 | €2,552 | -€800 | -23.9% |
| Taxes, remuneration and social security | 45 | €37,944 | €68,058 | +€30,115 | +79.4% |
| Taxes | 450/3 | €33,944 | €65,258 | +€31,315 | +92.3% |
| Remuneration and social security | 454/9 | €4,000 | €2,800 | -€1,200 | -30.0% |
| Accrued charges and deferred income | 492/3 | €100 | €0 | -€100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,969 | €9,986 | +€1,017 | +11.3% |
| Other operating charges | 640/8 | €2,414 | €2,156 | -€259 | -10.7% |
| Gross operating margin | 9900 | €127,677 | €109,892 | -€17,786 | -13.9% |
| Operating profit (loss) | 9901 | €116,294 | €97,750 | -€18,544 | -15.9% |
| Financial income | 75/76B | €634 | €87 | -€548 | -86.3% |
| Recurring financial income | 75 | €634 | €87 | -€548 | -86.3% |
| Financial charges | 65/66B | €377 | €45 | -€332 | -88.1% |
| Recurring financial charges | 65 | €377 | €45 | -€332 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €116,552 | €97,792 | -€18,759 | -16.1% |
| Income taxes | 67/77 | €33,944 | €27,565 | -€6,379 | -18.8% |
| Profit (loss) for the period | 9904 | €82,608 | €70,227 | -€12,381 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,608 | €70,227 | -€12,381 | -15.0% |
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.