LIAM HOLDING: 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.
LIAM HOLDING
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+2.2%), from €2.3m to €2.3m
- Trade debts +€72,460
up €72,460 (+108%), from €66,867 to €139,327
- Current portion of long-term debt +€58,708
up €58,708 (+150%), from €39,035 to €97,743
- Debts after one year -€41,494
down €41,494 (-23.3%), from €177,799 to €136,305
- Other debts -€36,234
down €36,234 (-12.2%), from €296,910 to €260,676
- Profit (loss) carried forward -€26,969
down €26,969 (-1.6%), from €1.7m to €1.6m
- Staff costs +€22,593
new in 2024: €22,593
- Gross operating margin -€21,611
down €21,611 (-68.8%), from €31,407 to €9,796
- Turnover -€21,297
down €21,297 (-35.4%), from €60,165 to €38,868
- Financial charges -€9,799
down €9,799 (-44.7%), from €21,920 to €12,121
- Taxes -€3,607
no longer reported in 2024 (was €3,607)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,272,744 | €2,323,916 | +€51,172 | +2.3% |
| Fixed assets | 21/28 | €2,254,020 | €2,303,216 | +€49,196 | +2.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,020 | €3,216 | -€804 | -20.0% |
| Plant, machinery and equipment | 23 | €4,020 | €3,216 | -€804 | -20.0% |
| Financial fixed assets | 28 | €2,250,000 | €2,300,000 | +€50,000 | +2.2% |
| Current assets | 29/58 | €18,724 | €20,700 | +€1,976 | +10.6% |
| Amounts receivable within one year | 40/41 | €18,724 | €18,750 | +€26 | +0.1% |
| Trade receivables | 40 | - | €18,750 | +€18,750 | |
| Other amounts receivable | 41 | €18,724 | - | -€18,724 | |
| Cash at bank and in hand | 54/58 | - | €1,950 | +€1,950 | |
| Total equity and liabilities | 10/49 | €2,272,744 | €2,323,916 | +€51,172 | +2.3% |
| Equity | 10/15 | €1,682,904 | €1,655,935 | -€26,969 | -1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,660,904 | €1,633,935 | -€26,969 | -1.6% |
| Amounts payable | 17/49 | €589,840 | €667,981 | +€78,141 | +13.2% |
| Amounts payable after more than one year | 17 | €177,799 | €136,305 | -€41,494 | -23.3% |
| Financial debts | 170/4 | €177,799 | €136,305 | -€41,494 | -23.3% |
| Amounts payable within one year | 42/48 | €412,041 | €531,676 | +€119,635 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €39,035 | €97,743 | +€58,708 | +150% |
| Financial debts | 43 | €533 | €302 | -€231 | -43.3% |
| Credit institutions | 430/8 | €533 | €302 | -€231 | -43.3% |
| Trade debts | 44 | €66,867 | €139,327 | +€72,460 | +108% |
| Suppliers | 440/4 | €66,867 | €139,327 | +€72,460 | +108% |
| Taxes, remuneration and social security | 45 | €8,696 | €33,628 | +€24,932 | +287% |
| Taxes | 450/3 | €8,696 | €11,662 | +€2,966 | +34.1% |
| Remuneration and social security | 454/9 | - | €21,966 | +€21,966 | |
| Other amounts payable | 47/48 | €296,910 | €260,676 | -€36,234 | -12.2% |
| Turnover | 70 | €60,165 | €38,868 | -€21,297 | -35.4% |
| Remuneration, social security and pensions | 62 | - | €22,593 | +€22,593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804 | €804 | = | 0.0% |
| Other operating charges | 640/8 | €1,283 | €1,247 | -€36 | -2.8% |
| Gross operating margin | 9900 | €31,407 | €9,796 | -€21,611 | -68.8% |
| Operating profit (loss) | 9901 | €29,320 | -€14,848 | -€44,168 | |
| Financial income | 75/76B | €1,038 | - | -€1,038 | |
| Recurring financial income | 75 | €1,038 | - | -€1,038 | |
| Financial charges | 65/66B | €21,920 | €12,121 | -€9,799 | -44.7% |
| Recurring financial charges | 65 | €21,920 | €12,121 | -€9,799 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €8,438 | -€26,969 | -€35,407 | |
| Income taxes | 67/77 | €3,607 | - | -€3,607 | |
| Profit (loss) for the period | 9904 | €4,831 | -€26,969 | -€31,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,831 | -€26,969 | -€31,800 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.