LIANT: 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.
LIANT
Largest movements
- Receivables within one year +€279,890
new in 2026: €279,890
of which Other amounts receivable: +€272,894
- Tangible fixed assets -€130,483
down €130,483 (-25.3%), from €515,895 to €385,412
- Intangible fixed assets -€17,241
down €17,241 (-35.0%), from €49,199 to €31,958
- Profit (loss) carried forward +€170,646
up €170,646 (+39.3%), from -€433,868 to -€263,222
- Other debts -€25,227
no longer reported in 2026 (was €25,227)
- Tax, wage and social debts -€10,382
down €10,382 (-6.6%), from €156,737 to €146,355
of which Remuneration and social security: -€8,121
- Gross operating margin +€577,429
up €577,429 (+51.6%), from €1.1m to €1.7m
- Staff costs +€42,556
up €42,556 (+3.9%), from €1.1m to €1.1m
- Depreciation -€37,468
down €37,468 (-16.5%), from €227,339 to €189,871
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €640,146 | €771,974 | +€131,828 | +20.6% |
| Fixed assets | 21/28 | €565,183 | €417,459 | -€147,724 | -26.1% |
| Intangible fixed assets | 21 | €49,199 | €31,958 | -€17,241 | -35.0% |
| Tangible fixed assets | 22/27 | €515,895 | €385,412 | -€130,483 | -25.3% |
| Plant, machinery and equipment | 23 | €515,895 | €385,412 | -€130,483 | -25.3% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €74,963 | €354,515 | +€279,552 | +372.9% |
| Amounts receivable within one year | 40/41 | - | €279,890 | +€279,890 | |
| Trade receivables | 40 | - | €6,996 | +€6,996 | |
| Other amounts receivable | 41 | - | €272,894 | +€272,894 | |
| Cash at bank and in hand | 54/58 | €6,574 | €4,764 | -€1,811 | -27.5% |
| Deferred charges and accrued income | 490/1 | €68,389 | €69,862 | +€1,473 | +2.2% |
| Total equity and liabilities | 10/49 | €640,146 | €771,974 | +€131,828 | +20.6% |
| Equity | 10/15 | €424,003 | €594,650 | +€170,646 | +40.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €807,872 | €807,872 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,504 | €11,504 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,504 | €11,504 | = | 0.0% |
| Tax-exempt reserves | 132 | €358,928 | €358,928 | = | 0.0% |
| Distributable reserves | 133 | €437,440 | €437,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€433,868 | -€263,222 | +€170,646 | +39.3% |
| Amounts payable | 17/49 | €216,143 | €177,324 | -€38,819 | -18.0% |
| Amounts payable within one year | 42/48 | €216,143 | €177,324 | -€38,819 | -18.0% |
| Trade debts | 44 | €34,179 | €30,969 | -€3,210 | -9.4% |
| Suppliers | 440/4 | €34,179 | €30,969 | -€3,210 | -9.4% |
| Taxes, remuneration and social security | 45 | €156,737 | €146,355 | -€10,382 | -6.6% |
| Taxes | 450/3 | €34,799 | €32,538 | -€2,261 | -6.5% |
| Remuneration and social security | 454/9 | €121,938 | €113,817 | -€8,121 | -6.7% |
| Other amounts payable | 47/48 | €25,227 | - | -€25,227 | |
| Non-recurring operating income | 76A | - | €51,579 | +€51,579 | |
| Remuneration, social security and pensions | 62 | €1,084,091 | €1,126,647 | +€42,556 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,339 | €189,871 | -€37,468 | -16.5% |
| Other operating charges | 640/8 | €3,244 | €15,912 | +€12,668 | +390.5% |
| Non-recurring operating charges | 66A | - | €193,305 | +€193,305 | |
| Gross operating margin | 9900 | €1,118,131 | €1,695,560 | +€577,429 | +51.6% |
| Operating profit (loss) | 9901 | -€196,543 | €169,825 | +€366,368 | |
| Financial income | 75/76B | €2,345 | €1,811 | -€533 | -22.8% |
| Recurring financial income | 75 | €2,345 | €1,811 | -€533 | -22.8% |
| Financial charges | 65/66B | €15,540 | €990 | -€14,550 | -93.6% |
| Recurring financial charges | 65 | €15,540 | €990 | -€14,550 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | -€209,739 | €170,646 | +€380,385 | |
| Profit (loss) for the period | 9904 | -€209,739 | €170,646 | +€380,385 | |
| Profit (loss) for the period to be appropriated | 9905 | -€209,739 | €170,646 | +€380,385 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.