DOCUMENT SOLUTION LIEGE: what changed
Two fiscal 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.
DOCUMENT SOLUTION LIEGE
Largest movements
- Cash -€402,693
down €402,693 (-94.1%), from €427,782 to €25,089
mainly Receivables within one year (-€367,398) and Trade debts (-€311,720)
- Receivables within one year +€367,398
up €367,398 (+36.8%), from €999,559 to €1.4m
of which Other amounts receivable: +€327,604
- Stocks and contracts -€283,751
down €283,751 (-58.4%), from €485,917 to €202,166
- Deferred charges and accrued income -€30,696
down €30,696 (-72.9%), from €42,113 to €11,418
- Reserves +€330,962
up €330,962 (+1326.6%), from €24,947 to €355,909
of which Distributable reserves: +€330,962
- Profit (loss) carried forward -€323,522
down €323,522 (-100.0%), from €323,522 to €0
- Trade debts -€311,720
down €311,720 (-30.2%), from €1.0m to €720,609
- Tax, wage and social debts -€94,878
down €94,878 (-35.5%), from €267,584 to €172,706
of which Remuneration and social security: -€62,119
- Other debts +€32,293
up €32,293 (+32.6%), from €99,127 to €131,420
- Write-downs -€232,014
down €232,014, from €192,556 to -€39,459
- Staff costs -€174,160
down €174,160 (-29.0%), from €600,573 to €426,413
- Gross operating margin -€169,068
down €169,068 (-24.1%), from €701,366 to €532,298
- Other operating charges -€68,108
down €68,108 (-96.4%), from €70,641 to €2,533
- Financial income +€13,780
up €13,780 (+594.9%), from €2,316 to €16,096
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.
Cash bridge derived
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 | €2,020,888 | €1,680,864 | -€340,024 | -16.8% |
| Fixed assets | 21/28 | €65,517 | €75,235 | +€9,718 | +14.8% |
| Intangible fixed assets | 21 | €23,535 | €17,363 | -€6,172 | -26.2% |
| Tangible fixed assets | 22/27 | €41,182 | €57,072 | +€15,890 | +38.6% |
| Furniture and vehicles | 24 | €24,678 | €12,812 | -€11,866 | -48.1% |
| Other tangible fixed assets | 26 | €16,504 | €44,260 | +€27,756 | +168.2% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €1,955,371 | €1,605,630 | -€349,742 | -17.9% |
| Stocks and contracts in progress | 3 | €485,917 | €202,166 | -€283,751 | -58.4% |
| Stocks | 30/36 | €485,917 | €202,166 | -€283,751 | -58.4% |
| Amounts receivable within one year | 40/41 | €999,559 | €1,366,957 | +€367,398 | +36.8% |
| Trade receivables | 40 | €647,224 | €687,018 | +€39,794 | +6.1% |
| Other amounts receivable | 41 | €352,335 | €679,939 | +€327,604 | +93.0% |
| Cash at bank and in hand | 54/58 | €427,782 | €25,089 | -€402,693 | -94.1% |
| Deferred charges and accrued income | 490/1 | €42,113 | €11,418 | -€30,696 | -72.9% |
| Total equity and liabilities | 10/49 | €2,020,888 | €1,680,864 | -€340,024 | -16.8% |
| Equity | 10/15 | €410,443 | €417,882 | +€7,440 | +1.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €24,947 | €355,909 | +€330,962 | +1326.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | - | €330,962 | +€330,962 | |
| Profit (loss) carried forward | 14 | €323,522 | €0 | -€323,522 | -100.0% |
| Amounts payable | 17/49 | €1,610,446 | €1,262,982 | -€347,464 | -21.6% |
| Amounts payable within one year | 42/48 | €1,539,472 | €1,176,913 | -€362,559 | -23.6% |
| Financial debts | 43 | €140,432 | €152,179 | +€11,747 | +8.4% |
| Credit institutions | 430/8 | €140,432 | €152,179 | +€11,747 | +8.4% |
| Trade debts | 44 | €1,032,329 | €720,609 | -€311,720 | -30.2% |
| Suppliers | 440/4 | €1,032,329 | €720,609 | -€311,720 | -30.2% |
| Taxes, remuneration and social security | 45 | €267,584 | €172,706 | -€94,878 | -35.5% |
| Taxes | 450/3 | €119,345 | €86,586 | -€32,759 | -27.4% |
| Remuneration and social security | 454/9 | €148,239 | €86,120 | -€62,119 | -41.9% |
| Other amounts payable | 47/48 | €99,127 | €131,420 | +€32,293 | +32.6% |
| Accrued charges and deferred income | 492/3 | €70,974 | €86,069 | +€15,095 | +21.3% |
| Non-recurring operating income | 76A | €52,052 | €8,718 | -€43,334 | -83.3% |
| Remuneration, social security and pensions | 62 | €600,573 | €426,413 | -€174,160 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,457 | €24,059 | -€398 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €192,556 | -€39,459 | -€232,014 | |
| Other operating charges | 640/8 | €70,641 | €2,533 | -€68,108 | -96.4% |
| Non-recurring operating charges | 66A | €324 | €0 | -€324 | -100.0% |
| Gross operating margin | 9900 | €701,366 | €532,298 | -€169,068 | -24.1% |
| Operating profit (loss) | 9901 | -€187,185 | €118,752 | +€305,937 | |
| Financial income | 75/76B | €2,316 | €16,096 | +€13,780 | +594.9% |
| Recurring financial income | 75 | €2,316 | €16,096 | +€13,780 | +594.9% |
| Financial charges | 65/66B | €27,407 | €26,223 | -€1,184 | -4.3% |
| Recurring financial charges | 65 | €27,407 | €26,223 | -€1,184 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€212,275 | €108,626 | +€320,900 | |
| Income taxes | 67/77 | €711 | €1,186 | +€475 | +66.7% |
| Profit (loss) for the period | 9904 | -€212,986 | €107,440 | +€320,426 | |
| Profit (loss) for the period to be appropriated | 9905 | -€212,986 | €107,440 | +€320,426 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.