LIAME GROUP: 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.
LIAME GROUP
Largest movements
- Tangible fixed assets +€297,000
up €297,000 (+329%), from €90,301 to €387,301
of which Land and buildings: +€316,152
- Receivables within one year -€48,535
down €48,535 (-99.5%), from €48,785 to €250
- Debts after one year +€251,197
new in 2025: €251,197
- Advances received -€20,570
no longer reported in 2025 (was €20,570)
- Other debts +€15,023
up €15,023 (+16.5%), from €91,048 to €106,071
- Current portion of long-term debt +€9,973
new in 2025: €9,973
- Profit (loss) carried forward -€6,421
down €6,421, from €37 to -€6,384
- Depreciation +€14,501
up €14,501 (+75.8%), from €19,138 to €33,639
- Financial charges +€7,944
up €7,944 (+389%), from €2,045 to €9,988
- Taxes -€6,234
down €6,234 (-97.8%), from €6,378 to €143
- Gross operating margin -€3,016
down €3,016 (-6.7%), from €44,716 to €41,700
- Financial income -€1,799
down €1,799 (-98.5%), from €1,826 to €27
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 | €162,456 | €410,273 | +€247,818 | +153% |
| Fixed assets | 21/28 | €90,301 | €387,301 | +€297,000 | +329% |
| Tangible fixed assets | 22/27 | €90,301 | €387,301 | +€297,000 | +329% |
| Land and buildings | 22 | - | €316,152 | +€316,152 | |
| Plant, machinery and equipment | 23 | €12,426 | €11,378 | -€1,047 | -8.4% |
| Furniture and vehicles | 24 | €77,875 | €59,770 | -€18,105 | -23.2% |
| Current assets | 29/58 | €72,155 | €22,973 | -€49,182 | -68.2% |
| Stocks and contracts in progress | 3 | €1,600 | €1,600 | = | 0.0% |
| Stocks | 30/36 | €1,600 | €1,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,785 | €250 | -€48,535 | -99.5% |
| Trade receivables | 40 | €48,785 | €250 | -€48,535 | -99.5% |
| Cash at bank and in hand | 54/58 | €19,870 | €16,336 | -€3,534 | -17.8% |
| Deferred charges and accrued income | 490/1 | €1,900 | €4,787 | +€2,887 | +152% |
| Total equity and liabilities | 10/49 | €162,456 | €410,273 | +€247,818 | +153% |
| Equity | 10/15 | €30,512 | €24,091 | -€6,421 | -21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,275 | €24,275 | = | 0.0% |
| Distributable reserves | 133 | €24,275 | €24,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37 | -€6,384 | -€6,421 | |
| Amounts payable | 17/49 | €131,943 | €386,183 | +€254,239 | +193% |
| Amounts payable after more than one year | 17 | - | €251,197 | +€251,197 | |
| Financial debts | 170/4 | - | €251,197 | +€251,197 | |
| Amounts payable within one year | 42/48 | €131,943 | €134,986 | +€3,043 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,973 | +€9,973 | |
| Trade debts | 44 | €6,985 | €10,728 | +€3,743 | +53.6% |
| Suppliers | 440/4 | €6,985 | €10,728 | +€3,743 | +53.6% |
| Advances received on contracts in progress | 46 | €20,570 | - | -€20,570 | |
| Taxes, remuneration and social security | 45 | €13,340 | €8,214 | -€5,126 | -38.4% |
| Taxes | 450/3 | €11,670 | €6,544 | -€5,126 | -43.9% |
| Remuneration and social security | 454/9 | €1,670 | €1,670 | = | 0.0% |
| Other amounts payable | 47/48 | €91,048 | €106,071 | +€15,023 | +16.5% |
| Non-recurring operating income | 76A | - | €207 | +€207 | |
| Remuneration, social security and pensions | 62 | €198 | €206 | +€8 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,138 | €33,639 | +€14,501 | +75.8% |
| Other operating charges | 640/8 | €2,747 | €4,172 | +€1,425 | +51.9% |
| Gross operating margin | 9900 | €44,716 | €41,700 | -€3,016 | -6.7% |
| Operating profit (loss) | 9901 | €22,633 | €3,683 | -€18,950 | -83.7% |
| Financial income | 75/76B | €1,826 | €27 | -€1,799 | -98.5% |
| Recurring financial income | 75 | €1,826 | €27 | -€1,799 | -98.5% |
| Financial charges | 65/66B | €2,045 | €9,988 | +€7,944 | +389% |
| Recurring financial charges | 65 | €2,045 | €9,988 | +€7,944 | +389% |
| Profit (loss) for the period before taxes | 9903 | €22,415 | -€6,278 | -€28,693 | |
| Income taxes | 67/77 | €6,378 | €143 | -€6,234 | -97.8% |
| Profit (loss) for the period | 9904 | €16,037 | -€6,421 | -€22,459 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,037 | -€6,421 | -€22,459 |
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.