Dr. B. VAN LIEFFERINGE: 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.
Dr. B. VAN LIEFFERINGE
Largest movements
- Cash +€440,493
up €440,493 (+267%), from €165,004 to €605,497
mainly Net result for the year (+€215,446) and Current investments (+€100,000)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Intangible fixed assets -€49,241
down €49,241 (-16.7%), from €295,444 to €246,203
- Deferred charges and accrued income -€36,283
down €36,283 (-86.8%), from €41,800 to €5,517
- Tangible fixed assets -€17,716
down €17,716 (-7.0%), from €254,625 to €236,909
of which Furniture and vehicles: -€14,308
- Reserves +€215,446
up €215,446 (+88.8%), from €242,733 to €458,179
of which Distributable reserves: +€216,210
- Tax, wage and social debts +€22,367
up €22,367 (+156%), from €14,368 to €36,736
- Gross operating margin +€86,523
up €86,523 (+25.6%), from €338,477 to €425,000
- Taxes +€22,866
up €22,866 (+30.5%), from €74,907 to €97,773
- Depreciation +€8,958
up €8,958 (+11.4%), from €78,305 to €87,262
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 | €857,871 | €1,094,126 | +€236,255 | +27.5% |
| Fixed assets | 21/28 | €550,069 | €483,112 | -€66,957 | -12.2% |
| Intangible fixed assets | 21 | €295,444 | €246,203 | -€49,241 | -16.7% |
| Tangible fixed assets | 22/27 | €254,625 | €236,909 | -€17,716 | -7.0% |
| Land and buildings | 22 | €135,090 | €130,459 | -€4,631 | -3.4% |
| Plant, machinery and equipment | 23 | €50,862 | €52,085 | +€1,223 | +2.4% |
| Furniture and vehicles | 24 | €68,673 | €54,365 | -€14,308 | -20.8% |
| Current assets | 29/58 | €307,802 | €611,014 | +€303,212 | +98.5% |
| Amounts receivable within one year | 40/41 | €998 | €0 | -€998 | -100% |
| Other amounts receivable | 41 | €998 | €0 | -€998 | -100% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €165,004 | €605,497 | +€440,493 | +267% |
| Deferred charges and accrued income | 490/1 | €41,800 | €5,517 | -€36,283 | -86.8% |
| Total equity and liabilities | 10/49 | €857,871 | €1,094,126 | +€236,255 | +27.5% |
| Equity | 10/15 | €314,255 | €529,701 | +€215,446 | +68.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €242,733 | €458,179 | +€215,446 | +88.8% |
| Tax-exempt reserves | 132 | €17,820 | €17,056 | -€764 | -4.3% |
| Distributable reserves | 133 | €224,913 | €441,123 | +€216,210 | +96.1% |
| Profit (loss) carried forward | 14 | €52,930 | €52,930 | = | 0.0% |
| Provisions and deferred taxes | 16 | €9,173 | €8,779 | -€394 | -4.3% |
| Deferred taxes | 168 | €9,173 | €8,779 | -€394 | -4.3% |
| Amounts payable | 17/49 | €534,443 | €555,646 | +€21,203 | +4.0% |
| Amounts payable within one year | 42/48 | €530,001 | €551,929 | +€21,928 | +4.1% |
| Trade debts | 44 | €1,172 | €3 | -€1,169 | -99.8% |
| Suppliers | 440/4 | €1,172 | €3 | -€1,169 | -99.8% |
| Taxes, remuneration and social security | 45 | €14,368 | €36,736 | +€22,367 | +156% |
| Taxes | 450/3 | €14,368 | €36,736 | +€22,367 | +156% |
| Other amounts payable | 47/48 | €514,461 | €515,191 | +€730 | +0.1% |
| Accrued charges and deferred income | 492/3 | €4,442 | €3,717 | -€725 | -16.3% |
| Remuneration, social security and pensions | 62 | €21,814 | €22,446 | +€631 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,305 | €87,262 | +€8,958 | +11.4% |
| Other operating charges | 640/8 | €1,991 | €2,054 | +€63 | +3.2% |
| Gross operating margin | 9900 | €338,477 | €425,000 | +€86,523 | +25.6% |
| Operating profit (loss) | 9901 | €236,367 | €313,238 | +€76,871 | +32.5% |
| Financial income | 75/76B | €1,907 | €3,477 | +€1,571 | +82.4% |
| Recurring financial income | 75 | €1,907 | €3,477 | +€1,571 | +82.4% |
| Financial charges | 65/66B | €4,078 | €3,890 | -€188 | -4.6% |
| Recurring financial charges | 65 | €4,078 | €3,890 | -€188 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €234,195 | €312,825 | +€78,629 | +33.6% |
| Transfer from deferred taxes | 780 | €394 | €394 | = | 0.0% |
| Income taxes | 67/77 | €74,907 | €97,773 | +€22,866 | +30.5% |
| Profit (loss) for the period | 9904 | €159,682 | €215,446 | +€55,763 | +34.9% |
| Transfer from tax-exempt reserves | 789 | €764 | €764 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,447 | €216,210 | +€55,763 | +34.8% |
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 17 October 2026 via checked.be.