DENNIS LIEVENS: what changed
DENNIS LIEVENS
Largest movements
- Cash -€23,536
down €23,536 (-16.8%), from €139,732 to €116,195
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€17,138)
- Receivables within one year +€17,138
new in 2025: €17,138
of which Trade receivables: +€17,002
- Tangible fixed assets -€10,645
down €10,645 (-28.1%), from €37,948 to €27,303
of which Furniture and vehicles: -€9,295
- Profit (loss) carried forward -€21,976
down €21,976 (-37.7%), from €58,244 to €36,268
- Other debts +€16,241
up €16,241 (+19.5%), from €83,156 to €99,398
- Tax, wage and social debts -€10,363
down €10,363 (-31.0%), from €33,470 to €23,107
of which Taxes: -€5,713
- Gross operating margin +€15,834
up €15,834 (+16.9%), from €93,707 to €109,541
- Taxes +€2,886
up €2,886 (+17.0%), from €16,977 to €19,863
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,925 | €162,496 | -€16,429 | -9.2% |
| Fixed assets | 21/28 | €37,948 | €27,303 | -€10,645 | -28.1% |
| Tangible fixed assets | 22/27 | €37,948 | €27,303 | -€10,645 | -28.1% |
| Plant, machinery and equipment | 23 | €3,595 | €2,245 | -€1,350 | -37.5% |
| Furniture and vehicles | 24 | €34,352 | €25,058 | -€9,295 | -27.1% |
| Current assets | 29/58 | €140,978 | €135,193 | -€5,784 | -4.1% |
| Amounts receivable within one year | 40/41 | - | €17,138 | +€17,138 | |
| Trade receivables | 40 | - | €17,002 | +€17,002 | |
| Other amounts receivable | 41 | - | €137 | +€137 | |
| Cash at bank and in hand | 54/58 | €139,732 | €116,195 | -€23,536 | -16.8% |
| Deferred charges and accrued income | 490/1 | €1,246 | €1,860 | +€614 | +49.2% |
| Total equity and liabilities | 10/49 | €178,925 | €162,496 | -€16,429 | -9.2% |
| Equity | 10/15 | €61,544 | €39,568 | -€21,976 | -35.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,244 | €36,268 | -€21,976 | -37.7% |
| Amounts payable | 17/49 | €117,381 | €122,928 | +€5,547 | +4.7% |
| Amounts payable within one year | 42/48 | €117,381 | €122,928 | +€5,547 | +4.7% |
| Trade debts | 44 | €755 | €424 | -€331 | -43.9% |
| Suppliers | 440/4 | €755 | €424 | -€331 | -43.9% |
| Taxes, remuneration and social security | 45 | €33,470 | €23,107 | -€10,363 | -31.0% |
| Taxes | 450/3 | €28,820 | €23,107 | -€5,713 | -19.8% |
| Remuneration and social security | 454/9 | €4,650 | - | -€4,650 | |
| Other amounts payable | 47/48 | €83,156 | €99,398 | +€16,241 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,063 | €10,645 | +€581 | +5.8% |
| Other operating charges | 640/8 | €780 | €400 | -€380 | -48.8% |
| Gross operating margin | 9900 | €93,707 | €109,541 | +€15,834 | +16.9% |
| Operating profit (loss) | 9901 | €82,863 | €98,496 | +€15,633 | +18.9% |
| Financial charges | 65/66B | €631 | €609 | -€22 | -3.4% |
| Recurring financial charges | 65 | €631 | €609 | -€22 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €82,232 | €97,887 | +€15,655 | +19.0% |
| Income taxes | 67/77 | €16,977 | €19,863 | +€2,886 | +17.0% |
| Profit (loss) for the period | 9904 | €65,255 | €78,024 | +€12,769 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,255 | €78,024 | +€12,769 | +19.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.