LIAX: what changed
LIAX
Largest movements
- Receivables within one year +€32,991
up €32,991 (+782%), from €4,221 to €37,213
of which Trade receivables: +€31,991
- Tangible fixed assets -€15,311
down €15,311 (-29.6%), from €51,687 to €36,376
of which Furniture and vehicles: -€15,559
- Cash -€9,134
down €9,134 (-49.5%), from €18,453 to €9,319
mainly Receivables within one year (-€32,991) and Other debts (-€24,540)
- Deferred charges and accrued income -€6,036
down €6,036 (-70.7%), from €8,531 to €2,495
- Trade debts +€32,718
up €32,718 (+574%), from €5,703 to €38,421
- Other debts -€24,540
down €24,540 (-49.7%), from €49,381 to €24,840
- Accrued charges and deferred income -€7,099
no longer reported in 2025 (was €7,099)
- Advances received +€1,336
new in 2025: €1,336
- Gross operating margin -€18,456
down €18,456 (-71.3%), from €25,899 to €7,443
- Depreciation -€8,408
down €8,408 (-60.7%), from €13,850 to €5,442
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,932 | €85,443 | +€2,510 | +3.0% |
| Fixed assets | 21/28 | €51,727 | €36,416 | -€15,311 | -29.6% |
| Tangible fixed assets | 22/27 | €51,687 | €36,376 | -€15,311 | -29.6% |
| Land and buildings | 22 | €23,410 | €20,574 | -€2,837 | -12.1% |
| Plant, machinery and equipment | 23 | €2,449 | €5,532 | +€3,084 | +126% |
| Furniture and vehicles | 24 | €25,828 | €10,270 | -€15,559 | -60.2% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €31,205 | €49,027 | +€17,822 | +57.1% |
| Amounts receivable within one year | 40/41 | €4,221 | €37,213 | +€32,991 | +782% |
| Trade receivables | 40 | €4,221 | €36,213 | +€31,991 | +758% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €18,453 | €9,319 | -€9,134 | -49.5% |
| Deferred charges and accrued income | 490/1 | €8,531 | €2,495 | -€6,036 | -70.7% |
| Total equity and liabilities | 10/49 | €82,932 | €85,443 | +€2,510 | +3.0% |
| Equity | 10/15 | €17,425 | €17,716 | +€291 | +1.7% |
| Contributions | 10/11 | €10,300 | €10,300 | = | 0.0% |
| Contributions outside capital | 11 | €10,300 | €10,300 | = | 0.0% |
| Other | 1109/19 | €10,300 | €10,300 | = | 0.0% |
| Reserves | 13 | €5,876 | €5,876 | = | 0.0% |
| Non-distributable reserves | 130/1 | €215 | €215 | = | 0.0% |
| Reserves not available under the articles | 1311 | €215 | €215 | = | 0.0% |
| Distributable reserves | 133 | €5,661 | €5,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,250 | €1,540 | +€291 | +23.3% |
| Amounts payable | 17/49 | €65,507 | €67,727 | +€2,220 | +3.4% |
| Amounts payable within one year | 42/48 | €58,408 | €67,727 | +€9,318 | +16.0% |
| Trade debts | 44 | €5,703 | €38,421 | +€32,718 | +574% |
| Suppliers | 440/4 | €5,703 | €38,421 | +€32,718 | +574% |
| Advances received on contracts in progress | 46 | - | €1,336 | +€1,336 | |
| Taxes, remuneration and social security | 45 | €3,325 | €3,130 | -€195 | -5.9% |
| Taxes | 450/3 | €3,325 | €3,130 | -€195 | -5.9% |
| Other amounts payable | 47/48 | €49,381 | €24,840 | -€24,540 | -49.7% |
| Accrued charges and deferred income | 492/3 | €7,099 | - | -€7,099 | |
| Non-recurring operating income | 76A | - | €7,505 | +€7,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,850 | €5,442 | -€8,408 | -60.7% |
| Other operating charges | 640/8 | €518 | €411 | -€107 | -20.6% |
| Gross operating margin | 9900 | €25,899 | €7,443 | -€18,456 | -71.3% |
| Operating profit (loss) | 9901 | €11,531 | €1,589 | -€9,942 | -86.2% |
| Financial charges | 65/66B | €132 | €217 | +€84 | +63.8% |
| Recurring financial charges | 65 | €132 | €217 | +€84 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €11,399 | €1,373 | -€10,026 | -88.0% |
| Income taxes | 67/77 | €1,221 | €1,082 | -€139 | -11.4% |
| Profit (loss) for the period | 9904 | €10,178 | €291 | -€9,887 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,178 | €291 | -€9,887 | -97.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.