LIARTA: 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.
LIARTA
Largest movements
- Cash -€6,224
down €6,224 (-12.9%), from €48,231 to €42,007
mainly Investment in fixed assets (net) (-€8,903) and Receivables within one year (-€4,068)
- Receivables within one year +€4,068
up €4,068 (+22.4%), from €18,175 to €22,243
of which Other amounts receivable: +€8,333
- Tangible fixed assets -€2,702
down €2,702 (-5.8%), from €46,932 to €44,230
of which Other tangible fixed assets: -€2,715
- Other debts -€3,711
down €3,711 (-33.4%), from €11,106 to €7,395
- Reserves +€3,500
up €3,500 (+7.0%), from €50,000 to €53,500
of which Non-distributable reserves: +€3,500
- Debts after one year -€2,996
down €2,996 (-100.0%), from €2,996 to €0
- Tax, wage and social debts +€2,525
up €2,525 (+13.9%), from €18,201 to €20,726
of which Taxes: +€1,615
- Advances received -€2,441
down €2,441 (-100.0%), from €2,441 to €0
- Gross operating margin -€21,604
down €21,604 (-15.7%), from €137,815 to €116,211
- Depreciation -€12,378
down €12,378 (-51.6%), from €23,983 to €11,605
- Staff costs +€8,652
up €8,652 (+10.2%), from €84,823 to €93,475
- Taxes -€4,496
down €4,496 (-68.0%), from €6,615 to €2,119
- Other operating charges +€1,531
up €1,531 (+70.8%), from €2,163 to €3,694
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
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 | €118,576 | €113,707 | -€4,869 | -4.1% |
| Fixed assets | 21/28 | €46,932 | €44,230 | -€2,702 | -5.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €46,932 | €44,230 | -€2,702 | -5.8% |
| Plant, machinery and equipment | 23 | €17,401 | €19,164 | +€1,762 | +10.1% |
| Furniture and vehicles | 24 | €3,192 | €1,443 | -€1,749 | -54.8% |
| Other tangible fixed assets | 26 | €26,338 | €23,623 | -€2,715 | -10.3% |
| Current assets | 29/58 | €71,644 | €69,477 | -€2,167 | -3.0% |
| Stocks and contracts in progress | 3 | €5,237 | €5,227 | -€10 | -0.2% |
| Stocks | 30/36 | €5,237 | €5,227 | -€10 | -0.2% |
| Amounts receivable within one year | 40/41 | €18,175 | €22,243 | +€4,068 | +22.4% |
| Trade receivables | 40 | €12,230 | €7,965 | -€4,266 | -34.9% |
| Other amounts receivable | 41 | €5,945 | €14,278 | +€8,333 | +140.2% |
| Cash at bank and in hand | 54/58 | €48,231 | €42,007 | -€6,224 | -12.9% |
| Total equity and liabilities | 10/49 | €118,576 | €113,707 | -€4,869 | -4.1% |
| Equity | 10/15 | €60,131 | €64,029 | +€3,898 | +6.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €53,500 | +€3,500 | +7.0% |
| Non-distributable reserves | 130/1 | €18,000 | €21,500 | +€3,500 | +19.4% |
| Reserves not available under the articles | 1311 | €18,000 | €21,500 | +€3,500 | +19.4% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131 | €529 | +€398 | +304.7% |
| Amounts payable | 17/49 | €58,445 | €49,678 | -€8,767 | -15.0% |
| Amounts payable after more than one year | 17 | €2,996 | €0 | -€2,996 | -100.0% |
| Financial debts | 170/4 | €2,996 | €0 | -€2,996 | -100.0% |
| Amounts payable within one year | 42/48 | €55,449 | €49,678 | -€5,771 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €6,689 | €6,126 | -€563 | -8.4% |
| Trade debts | 44 | €17,012 | €15,432 | -€1,580 | -9.3% |
| Suppliers | 440/4 | €17,012 | €15,432 | -€1,580 | -9.3% |
| Advances received on contracts in progress | 46 | €2,441 | €0 | -€2,441 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,201 | €20,726 | +€2,525 | +13.9% |
| Taxes | 450/3 | €7,581 | €9,196 | +€1,615 | +21.3% |
| Remuneration and social security | 454/9 | €10,620 | €11,530 | +€909 | +8.6% |
| Other amounts payable | 47/48 | €11,106 | €7,395 | -€3,711 | -33.4% |
| Remuneration, social security and pensions | 62 | €84,823 | €93,475 | +€8,652 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,983 | €11,605 | -€12,378 | -51.6% |
| Other operating charges | 640/8 | €2,163 | €3,694 | +€1,531 | +70.8% |
| Gross operating margin | 9900 | €137,815 | €116,211 | -€21,604 | -15.7% |
| Operating profit (loss) | 9901 | €26,847 | €7,437 | -€19,410 | -72.3% |
| Financial income | 75/76B | €83 | €153 | +€70 | +84.6% |
| Recurring financial income | 75 | €83 | €153 | +€70 | +84.6% |
| Financial charges | 65/66B | €584 | €1,573 | +€988 | +169.2% |
| Recurring financial charges | 65 | €584 | €1,573 | +€988 | +169.2% |
| Profit (loss) for the period before taxes | 9903 | €26,346 | €6,017 | -€20,329 | -77.2% |
| Income taxes | 67/77 | €6,615 | €2,119 | -€4,496 | -68.0% |
| Profit (loss) for the period | 9904 | €19,731 | €3,898 | -€15,833 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,731 | €3,898 | -€15,833 | -80.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.