DE LOECKER LIESBETH: 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 LOECKER LIESBETH
Largest movements
- Cash -€140,893
down €140,893 (-78.8%), from €178,816 to €37,923
mainly Contributions, distributions and other (-€125,000) and Debts after one year (-€83,022)
- Receivables within one year +€55,957
up €55,957 (+101%), from €55,182 to €111,140
- Tangible fixed assets -€52,466
down €52,466 (-7.2%), from €724,306 to €671,840
of which Furniture and vehicles: -€32,978
- Intangible fixed assets -€15,013
down €15,013 (-48.4%), from €31,036 to €16,024
- Debts after one year -€83,022
down €83,022 (-25.5%), from €325,414 to €242,393
- Reserves -€46,541
down €46,541 (-6.6%), from €708,358 to €661,817
- Other debts -€19,298
no longer reported in 2025 (was €19,298)
- Gross operating margin -€53,341
down €53,341 (-9.2%), from €579,214 to €525,873
- Taxes -€20,949
down €20,949 (-35.9%), from €58,303 to €37,354
- Staff costs +€6,520
up €6,520 (+2.0%), from €319,108 to €325,628
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 | €1,196,751 | €1,044,837 | -€151,915 | -12.7% |
| Fixed assets | 21/28 | €755,342 | €687,863 | -€67,478 | -8.9% |
| Intangible fixed assets | 21 | €31,036 | €16,024 | -€15,013 | -48.4% |
| Tangible fixed assets | 22/27 | €724,306 | €671,840 | -€52,466 | -7.2% |
| Land and buildings | 22 | €584,657 | €570,828 | -€13,830 | -2.4% |
| Plant, machinery and equipment | 23 | €31,201 | €25,543 | -€5,659 | -18.1% |
| Furniture and vehicles | 24 | €108,447 | €75,470 | -€32,978 | -30.4% |
| Current assets | 29/58 | €441,409 | €356,973 | -€84,436 | -19.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,182 | €111,140 | +€55,957 | +101% |
| Other amounts receivable | 41 | €55,182 | €111,140 | +€55,957 | +101% |
| Cash at bank and in hand | 54/58 | €178,816 | €37,923 | -€140,893 | -78.8% |
| Deferred charges and accrued income | 490/1 | €7,411 | €7,910 | +€499 | +6.7% |
| Total equity and liabilities | 10/49 | €1,196,751 | €1,044,837 | -€151,915 | -12.7% |
| Equity | 10/15 | €709,898 | €663,357 | -€46,541 | -6.6% |
| Reserves | 13 | €708,358 | €661,817 | -€46,541 | -6.6% |
| Distributable reserves | 133 | €708,358 | €661,817 | -€46,541 | -6.6% |
| Profit (loss) carried forward | 14 | €1,541 | €1,541 | = | 0.0% |
| Amounts payable | 17/49 | €486,853 | €381,479 | -€105,374 | -21.6% |
| Amounts payable after more than one year | 17 | €325,414 | €242,393 | -€83,022 | -25.5% |
| Financial debts | 170/4 | €325,414 | €242,393 | -€83,022 | -25.5% |
| Amounts payable within one year | 42/48 | €156,061 | €135,968 | -€20,093 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €81,129 | €83,022 | +€1,893 | +2.3% |
| Trade debts | 44 | €6,417 | €5,194 | -€1,222 | -19.1% |
| Suppliers | 440/4 | €6,417 | €5,194 | -€1,222 | -19.1% |
| Taxes, remuneration and social security | 45 | €49,218 | €47,752 | -€1,466 | -3.0% |
| Taxes | 450/3 | €19,943 | €11,308 | -€8,635 | -43.3% |
| Remuneration and social security | 454/9 | €29,275 | €36,444 | +€7,170 | +24.5% |
| Other amounts payable | 47/48 | €19,298 | - | -€19,298 | |
| Accrued charges and deferred income | 492/3 | €5,377 | €3,119 | -€2,259 | -42.0% |
| Remuneration, social security and pensions | 62 | €319,108 | €325,628 | +€6,520 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,509 | €75,435 | -€75 | -0.1% |
| Other operating charges | 640/8 | €8,467 | €6,287 | -€2,180 | -25.7% |
| Gross operating margin | 9900 | €579,214 | €525,873 | -€53,341 | -9.2% |
| Operating profit (loss) | 9901 | €176,129 | €118,523 | -€57,606 | -32.7% |
| Financial income | 75/76B | €7,528 | €5,210 | -€2,318 | -30.8% |
| Recurring financial income | 75 | €7,528 | €5,210 | -€2,318 | -30.8% |
| Financial charges | 65/66B | €9,434 | €7,919 | -€1,514 | -16.1% |
| Recurring financial charges | 65 | €9,434 | €7,919 | -€1,514 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €174,223 | €115,813 | -€58,409 | -33.5% |
| Income taxes | 67/77 | €58,303 | €37,354 | -€20,949 | -35.9% |
| Profit (loss) for the period | 9904 | €115,919 | €78,459 | -€37,460 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,919 | €78,459 | -€37,460 | -32.3% |
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 20 October 2026 via checked.be.