LIAGRA: 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.
LIAGRA
Largest movements
- Receivables within one year +€24,227
up €24,227 (+266.9%), from €9,076 to €33,303
of which Trade receivables: +€25,848
- Tangible fixed assets +€3,279
new in 2025: €3,279
- Cash +€3,057
up €3,057 (+2.3%), from €130,178 to €133,234
mainly Other debts (+€24,427) and Net result for the year (+€23,034)
- Stocks and contracts -€2,900
no longer reported in 2025 (was €2,900)
- Other debts +€24,427
up €24,427 (+360.4%), from €6,778 to €31,205
- Tax, wage and social debts +€11,574
up €11,574 (+346.3%), from €3,343 to €14,917
- Trade debts -€7,872
no longer reported in 2025 (was €7,872)
- Gross operating margin +€28,159
up €28,159 (+414.0%), from €6,802 to €34,961
- Taxes +€8,209
up €8,209 (+243.9%), from €3,366 to €11,574
- Financial income -€3,136
down €3,136 (-97.2%), from €3,228 to €92
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 | €143,642 | €170,190 | +€26,548 | +18.5% |
| Fixed assets | 21/28 | - | €3,279 | +€3,279 | |
| Tangible fixed assets | 22/27 | - | €3,279 | +€3,279 | |
| Plant, machinery and equipment | 23 | - | €3,279 | +€3,279 | |
| Current assets | 29/58 | €143,642 | €166,911 | +€23,269 | +16.2% |
| Stocks and contracts in progress | 3 | €2,900 | - | -€2,900 | |
| Stocks | 30/36 | €2,900 | - | -€2,900 | |
| Amounts receivable within one year | 40/41 | €9,076 | €33,303 | +€24,227 | +266.9% |
| Trade receivables | 40 | €6,182 | €32,030 | +€25,848 | +418.1% |
| Other amounts receivable | 41 | €2,893 | €1,272 | -€1,621 | -56.0% |
| Cash at bank and in hand | 54/58 | €130,178 | €133,234 | +€3,057 | +2.3% |
| Deferred charges and accrued income | 490/1 | €1,489 | €375 | -€1,114 | -74.8% |
| Total equity and liabilities | 10/49 | €143,642 | €170,190 | +€26,548 | +18.5% |
| Equity | 10/15 | €125,650 | €124,068 | -€1,582 | -1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €63,650 | €62,068 | -€1,582 | -2.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €57,450 | €55,868 | -€1,582 | -2.8% |
| Amounts payable | 17/49 | €17,992 | €46,122 | +€28,129 | +156.3% |
| Amounts payable within one year | 42/48 | €17,992 | €46,122 | +€28,129 | +156.3% |
| Trade debts | 44 | €7,872 | - | -€7,872 | |
| Suppliers | 440/4 | €7,872 | - | -€7,872 | |
| Taxes, remuneration and social security | 45 | €3,343 | €14,917 | +€11,574 | +346.3% |
| Taxes | 450/3 | €3,343 | €14,917 | +€11,574 | +346.3% |
| Other amounts payable | 47/48 | €6,778 | €31,205 | +€24,427 | +360.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €27 | +€27 | |
| Other operating charges | 640/8 | - | €187 | +€187 | |
| Gross operating margin | 9900 | €6,802 | €34,961 | +€28,159 | +414.0% |
| Operating profit (loss) | 9901 | €6,802 | €34,748 | +€27,945 | +410.8% |
| Financial income | 75/76B | €3,228 | €92 | -€3,136 | -97.2% |
| Recurring financial income | 75 | €3,228 | €92 | -€3,136 | -97.2% |
| Financial charges | 65/66B | €232 | €231 | -€1 | -0.4% |
| Recurring financial charges | 65 | €232 | €231 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €9,798 | €34,608 | +€24,810 | +253.2% |
| Income taxes | 67/77 | €3,366 | €11,574 | +€8,209 | +243.9% |
| Profit (loss) for the period | 9904 | €6,432 | €23,034 | +€16,602 | +258.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,432 | €23,034 | +€16,602 | +258.1% |
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 8 October 2026 via checked.be.