LIAP: 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.
LIAP
Largest movements
- Deferred charges and accrued income -€578
no longer reported in 2025 (was €578)
- Tangible fixed assets -€129
no longer reported in 2025 (was €129)
- Other debts -€4,468
down €4,468 (-23.6%), from €18,909 to €14,441
- Profit (loss) carried forward +€4,042
up €4,042 (+21.3%), from -€18,984 to -€14,941
- Tax, wage and social debts -€282
no longer reported in 2025 (was €282)
- Gross operating margin +€57,010
up €57,010, from -€52,415 to €4,595
- Staff costs -€9,301
no longer reported in 2025 (was €9,301)
- Other operating charges -€8,690
down €8,690 (-95.4%), from €9,113 to €424
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €708 | - | -€708 | |
| Fixed assets | 21/28 | €129 | - | -€129 | |
| Tangible fixed assets | 22/27 | €129 | - | -€129 | |
| Furniture and vehicles | 24 | €129 | - | -€129 | |
| Current assets | 29/58 | €578 | - | -€578 | |
| Deferred charges and accrued income | 490/1 | €578 | - | -€578 | |
| Total equity and liabilities | 10/49 | €708 | - | -€708 | |
| Equity | 10/15 | -€18,484 | -€14,441 | +€4,042 | +21.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Capital | 10 | €500 | €500 | = | 0.0% |
| Issued capital | 100 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,984 | -€14,941 | +€4,042 | +21.3% |
| Amounts payable | 17/49 | €19,191 | €14,441 | -€4,750 | -24.8% |
| Amounts payable within one year | 42/48 | €19,191 | €14,441 | -€4,750 | -24.8% |
| Taxes, remuneration and social security | 45 | €282 | - | -€282 | |
| Taxes | 450/3 | €282 | - | -€282 | |
| Other amounts payable | 47/48 | €18,909 | €14,441 | -€4,468 | -23.6% |
| Remuneration, social security and pensions | 62 | €9,301 | - | -€9,301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311 | €129 | -€182 | -58.5% |
| Other operating charges | 640/8 | €9,113 | €424 | -€8,690 | -95.4% |
| Gross operating margin | 9900 | -€52,415 | €4,595 | +€57,010 | |
| Operating profit (loss) | 9901 | -€71,140 | €4,042 | +€75,183 | |
| Financial charges | 65/66B | €142 | - | -€142 | |
| Recurring financial charges | 65 | €142 | - | -€142 | |
| Profit (loss) for the period before taxes | 9903 | -€71,282 | €4,042 | +€75,324 | |
| Income taxes | 67/77 | €230 | - | -€230 | |
| Profit (loss) for the period | 9904 | -€71,512 | €4,042 | +€75,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,512 | €4,042 | +€75,554 |
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 29 September 2026 via checked.be.