DR. LIEVE VAN EESBEEK: what changed
DR. LIEVE VAN EESBEEK
Largest movements
- Current investments +€58,188
new in 2025: €58,188
- Cash -€34,735
down €34,735 (-20.4%), from €170,339 to €135,604
mainly Other debts (-€79,241) and Current investments (-€58,188)
- Receivables within one year -€2,319
down €2,319 (-10.7%), from €21,616 to €19,297
of which Other amounts receivable: -€4,537
- Reserves +€83,062
up €83,062 (+97.4%), from €85,278 to €168,340
- Other debts -€79,241
down €79,241 (-93.0%), from €85,221 to €5,980
- Tax, wage and social debts +€11,709
up €11,709 (+177%), from €6,621 to €18,330
of which Taxes: +€11,690
- Accrued charges and deferred income +€3,135
up €3,135 (+69.9%), from €4,485 to €7,620
- Gross operating margin +€13,306
up €13,306 (+12.7%), from €105,043 to €118,348
- Taxes +€11,766
up €11,766 (+54.8%), from €21,464 to €33,230
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 | €200,204 | €220,100 | +€19,895 | +9.9% |
| Fixed assets | 21/28 | €1,080 | €392 | -€688 | -63.7% |
| Tangible fixed assets | 22/27 | €1,080 | €392 | -€688 | -63.7% |
| Furniture and vehicles | 24 | €1,080 | €392 | -€688 | -63.7% |
| Current assets | 29/58 | €199,125 | €219,708 | +€20,583 | +10.3% |
| Amounts receivable within one year | 40/41 | €21,616 | €19,297 | -€2,319 | -10.7% |
| Trade receivables | 40 | €17,079 | €19,297 | +€2,218 | +13.0% |
| Other amounts receivable | 41 | €4,537 | - | -€4,537 | |
| Current investments | 50/53 | - | €58,188 | +€58,188 | |
| Cash at bank and in hand | 54/58 | €170,339 | €135,604 | -€34,735 | -20.4% |
| Deferred charges and accrued income | 490/1 | €7,169 | €6,619 | -€551 | -7.7% |
| Total equity and liabilities | 10/49 | €200,204 | €220,100 | +€19,895 | +9.9% |
| Equity | 10/15 | €103,878 | €186,940 | +€83,062 | +80.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,278 | €168,340 | +€83,062 | +97.4% |
| Distributable reserves | 133 | €85,278 | €168,340 | +€83,062 | +97.4% |
| Amounts payable | 17/49 | €96,326 | €33,160 | -€63,167 | -65.6% |
| Amounts payable within one year | 42/48 | €91,841 | €25,539 | -€66,302 | -72.2% |
| Trade debts | 44 | - | €1,230 | +€1,230 | |
| Suppliers | 440/4 | - | €1,230 | +€1,230 | |
| Taxes, remuneration and social security | 45 | €6,621 | €18,330 | +€11,709 | +177% |
| Taxes | 450/3 | €3,777 | €15,467 | +€11,690 | +310% |
| Remuneration and social security | 454/9 | €2,844 | €2,863 | +€19 | +0.7% |
| Other amounts payable | 47/48 | €85,221 | €5,980 | -€79,241 | -93.0% |
| Accrued charges and deferred income | 492/3 | €4,485 | €7,620 | +€3,135 | +69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €688 | -€90 | -11.6% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €105,043 | €118,348 | +€13,306 | +12.7% |
| Operating profit (loss) | 9901 | €103,696 | €117,075 | +€13,379 | +12.9% |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | €156 | €45 | -€111 | -71.2% |
| Recurring financial charges | 65 | €156 | €45 | -€111 | -71.2% |
| Profit (loss) for the period before taxes | 9903 | €103,540 | €117,125 | +€13,586 | +13.1% |
| Income taxes | 67/77 | €21,464 | €33,230 | +€11,766 | +54.8% |
| Profit (loss) for the period | 9904 | €82,076 | €83,895 | +€1,819 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,076 | €83,895 | +€1,819 | +2.2% |
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.