FLORENT LIENARD: 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.
FLORENT LIENARD
Largest movements
- Receivables within one year +€30,000
new in 2025: €30,000
- Cash +€27,313
up €27,313 (+46.0%), from €59,414 to €86,727
mainly Net result for the year (+€49,105) and Tax, wage and social debts (+€8,204)
- Reserves +€49,105
up €49,105 (+115.1%), from €42,664 to €91,769
- Tax, wage and social debts +€8,204
up €8,204 (+78.2%), from €10,494 to €18,698
- Gross operating margin +€30,111
up €30,111 (+78.7%), from €38,281 to €68,392
- Taxes +€8,204
up €8,204 (+78.2%), from €10,494 to €18,698
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 | €387,414 | €444,727 | +€57,313 | +14.8% |
| Fixed assets | 21/28 | €328,000 | €328,000 | = | 0.0% |
| Financial fixed assets | 28 | €328,000 | €328,000 | = | 0.0% |
| Current assets | 29/58 | €59,414 | €116,727 | +€57,313 | +96.5% |
| Amounts receivable within one year | 40/41 | - | €30,000 | +€30,000 | |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €59,414 | €86,727 | +€27,313 | +46.0% |
| Total equity and liabilities | 10/49 | €387,414 | €444,727 | +€57,313 | +14.8% |
| Equity | 10/15 | €45,664 | €94,769 | +€49,105 | +107.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,664 | €91,769 | +€49,105 | +115.1% |
| Distributable reserves | 133 | €42,664 | €91,769 | +€49,105 | +115.1% |
| Amounts payable | 17/49 | €341,750 | €349,958 | +€8,208 | +2.4% |
| Amounts payable within one year | 42/48 | €341,750 | €349,958 | +€8,208 | +2.4% |
| Trade debts | 44 | €216 | €220 | +€4 | +2.0% |
| Suppliers | 440/4 | €216 | €220 | +€4 | +2.0% |
| Taxes, remuneration and social security | 45 | €10,494 | €18,698 | +€8,204 | +78.2% |
| Taxes | 450/3 | €10,494 | €18,698 | +€8,204 | +78.2% |
| Other amounts payable | 47/48 | €331,040 | €331,040 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €38,281 | €68,392 | +€30,111 | +78.7% |
| Operating profit (loss) | 9901 | €37,894 | €67,992 | +€30,099 | +79.4% |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.0% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €37,733 | €67,802 | +€30,070 | +79.7% |
| Income taxes | 67/77 | €10,494 | €18,698 | +€8,204 | +78.2% |
| Profit (loss) for the period | 9904 | €27,239 | €49,105 | +€21,866 | +80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,239 | €49,105 | +€21,866 | +80.3% |
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.