LIAMCO: 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.
LIAMCO
Largest movements
- Cash -€5,544
down €5,544 (-56.6%), from €9,793 to €4,249
mainly Accrued charges and deferred income (-€32,610) and Receivables within one year (-€3,260)
- Accrued charges and deferred income -€32,610
down €32,610 (-95.5%), from €34,144 to €1,533
- Other debts +€22,784
up €22,784 (+11.0%), from €206,617 to €229,401
- Reserves +€16,392
up €16,392 (+33.5%), from €48,966 to €65,358
- Profit (loss) carried forward -€6,876
down €6,876 (-100%), from €6,876 to €0
- Financial charges -€18,322
down €18,322 (-99.8%), from €18,352 to €29
- Gross operating margin -€15,809
down €15,809 (-54.9%), from €28,794 to €12,985
- Taxes -€1,159
down €1,159 (-29.9%), from €3,878 to €2,719
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 | €453,086 | €450,817 | -€2,269 | -0.5% |
| Fixed assets | 21/28 | €422,142 | €422,142 | = | 0.0% |
| Financial fixed assets | 28 | €422,142 | €422,142 | = | 0.0% |
| Current assets | 29/58 | €30,944 | €28,675 | -€2,269 | -7.3% |
| Amounts receivable within one year | 40/41 | €20,512 | €23,772 | +€3,260 | +15.9% |
| Trade receivables | 40 | €19,492 | €19,492 | = | 0.0% |
| Other amounts receivable | 41 | €1,020 | €4,281 | +€3,260 | +320% |
| Cash at bank and in hand | 54/58 | €9,793 | €4,249 | -€5,544 | -56.6% |
| Deferred charges and accrued income | 490/1 | €639 | €654 | +€15 | +2.4% |
| Total equity and liabilities | 10/49 | €453,086 | €450,817 | -€2,269 | -0.5% |
| Equity | 10/15 | €205,843 | €215,358 | +€9,515 | +4.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €48,966 | €65,358 | +€16,392 | +33.5% |
| Distributable reserves | 133 | €48,966 | €65,358 | +€16,392 | +33.5% |
| Profit (loss) carried forward | 14 | €6,876 | €0 | -€6,876 | -100% |
| Amounts payable | 17/49 | €247,243 | €235,459 | -€11,784 | -4.8% |
| Amounts payable within one year | 42/48 | €213,099 | €233,926 | +€20,826 | +9.8% |
| Trade debts | 44 | €2,128 | €0 | -€2,128 | -100% |
| Suppliers | 440/4 | €2,128 | €0 | -€2,128 | -100% |
| Taxes, remuneration and social security | 45 | €4,354 | €4,525 | +€170 | +3.9% |
| Taxes | 450/3 | €4,354 | €4,525 | +€170 | +3.9% |
| Other amounts payable | 47/48 | €206,617 | €229,401 | +€22,784 | +11.0% |
| Accrued charges and deferred income | 492/3 | €34,144 | €1,533 | -€32,610 | -95.5% |
| Other operating charges | 640/8 | €577 | €720 | +€143 | +24.8% |
| Gross operating margin | 9900 | €28,794 | €12,985 | -€15,809 | -54.9% |
| Operating profit (loss) | 9901 | €28,217 | €12,264 | -€15,953 | -56.5% |
| Financial charges | 65/66B | €18,352 | €29 | -€18,322 | -99.8% |
| Recurring financial charges | 65 | €18,352 | €29 | -€18,322 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €9,865 | €12,235 | +€2,370 | +24.0% |
| Income taxes | 67/77 | €3,878 | €2,719 | -€1,159 | -29.9% |
| Profit (loss) for the period | 9904 | €5,987 | €9,515 | +€3,529 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,987 | €9,515 | +€3,529 | +58.9% |
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 15 October 2026 via checked.be.