Improve Lievegem: 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.
Improve Lievegem
Largest movements
- Cash +€13,547
up €13,547 (+48.4%), from €27,969 to €41,516
mainly Accrued charges and deferred income (+€10,978) and Depreciation (+€9,392)
- Tangible fixed assets -€6,638
down €6,638 (-22.1%), from €29,989 to €23,351
of which Plant, machinery and equipment: -€4,610
- Deferred charges and accrued income +€2,708
up €2,708 (+18.2%), from €14,916 to €17,624
- Accrued charges and deferred income +€10,978
up €10,978 (+42.9%), from €25,605 to €36,583
- Debts after one year -€9,440
down €9,440 (-87.8%), from €10,757 to €1,317
- Reserves +€3,163
up €3,163 (+11.5%), from €27,567 to €30,730
- Tax, wage and social debts +€2,301
up €2,301 (+827%), from €278 to €2,579
- Trade debts +€2,275
up €2,275 (+1,123%), from €202 to €2,477
- Other operating charges +€12,333
new in 2025: €12,333
- Gross operating margin -€8,151
down €8,151 (-23.4%), from €34,859 to €26,708
- Taxes -€4,958
down €4,958 (-78.5%), from €6,314 to €1,356
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 | €84,381 | €94,012 | +€9,631 | +11.4% |
| Fixed assets | 21/28 | €29,989 | €23,351 | -€6,638 | -22.1% |
| Tangible fixed assets | 22/27 | €29,989 | €23,351 | -€6,638 | -22.1% |
| Land and buildings | 22 | €13,121 | €11,258 | -€1,863 | -14.2% |
| Plant, machinery and equipment | 23 | €16,518 | €11,908 | -€4,610 | -27.9% |
| Furniture and vehicles | 24 | €350 | €185 | -€165 | -47.2% |
| Current assets | 29/58 | €54,392 | €70,661 | +€16,269 | +29.9% |
| Amounts receivable within one year | 40/41 | €11,507 | €11,520 | +€14 | +0.1% |
| Trade receivables | 40 | €8,041 | €11,520 | +€3,479 | +43.3% |
| Other amounts receivable | 41 | €3,465 | - | -€3,465 | |
| Cash at bank and in hand | 54/58 | €27,969 | €41,516 | +€13,547 | +48.4% |
| Deferred charges and accrued income | 490/1 | €14,916 | €17,624 | +€2,708 | +18.2% |
| Total equity and liabilities | 10/49 | €84,381 | €94,012 | +€9,631 | +11.4% |
| Equity | 10/15 | €37,567 | €40,730 | +€3,163 | +8.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,567 | €30,730 | +€3,163 | +11.5% |
| Distributable reserves | 133 | €27,567 | €30,730 | +€3,163 | +11.5% |
| Amounts payable | 17/49 | €46,814 | €53,282 | +€6,468 | +13.8% |
| Amounts payable after more than one year | 17 | €10,757 | €1,317 | -€9,440 | -87.8% |
| Financial debts | 170/4 | €10,757 | €1,317 | -€9,440 | -87.8% |
| Amounts payable within one year | 42/48 | €10,452 | €15,381 | +€4,930 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €9,971 | €9,440 | -€531 | -5.3% |
| Trade debts | 44 | €202 | €2,477 | +€2,275 | +1,123% |
| Suppliers | 440/4 | €202 | €2,477 | +€2,275 | +1,123% |
| Taxes, remuneration and social security | 45 | €278 | €2,579 | +€2,301 | +827% |
| Taxes | 450/3 | €278 | €2,579 | +€2,301 | +827% |
| Other amounts payable | 47/48 | - | €885 | +€885 | |
| Accrued charges and deferred income | 492/3 | €25,605 | €36,583 | +€10,978 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,251 | €9,392 | +€141 | +1.5% |
| Other operating charges | 640/8 | - | €12,333 | +€12,333 | |
| Gross operating margin | 9900 | €34,859 | €26,708 | -€8,151 | -23.4% |
| Operating profit (loss) | 9901 | €25,608 | €4,983 | -€20,625 | -80.5% |
| Financial income | 75/76B | €15 | €18 | +€3 | +18.5% |
| Recurring financial income | 75 | €15 | €18 | +€3 | +18.5% |
| Financial charges | 65/66B | €664 | €481 | -€183 | -27.6% |
| Recurring financial charges | 65 | €664 | €481 | -€183 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €24,959 | €4,519 | -€20,440 | -81.9% |
| Income taxes | 67/77 | €6,314 | €1,356 | -€4,958 | -78.5% |
| Profit (loss) for the period | 9904 | €18,645 | €3,163 | -€15,482 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,645 | €3,163 | -€15,482 | -83.0% |
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.