LIAZPRO: 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.
LIAZPRO
Largest movements
- Tangible fixed assets -€7,898
down €7,898 (-35.1%), from €22,489 to €14,592
- Receivables within one year +€3,345
up €3,345 (+79.6%), from €4,202 to €7,547
of which Trade receivables: +€1,782
- Cash +€633
up €633 (+1.8%), from €34,916 to €35,549
mainly Depreciation (+€7,898) and Trade debts (+€2,219)
- Debts after one year -€6,972
down €6,972 (-76.8%), from €9,076 to €2,103
- Trade debts +€2,219
up €2,219 (+304%), from €731 to €2,949
- Profit (loss) carried forward +€1,477
up €1,477 (+7.9%), from €18,675 to €20,152
- Tax, wage and social debts -€1,034
no longer reported in 2025 (was €1,034)
- Gross operating margin -€3,003
down €3,003 (-18.8%), from €15,970 to €12,967
- Depreciation +€2,083
up €2,083 (+35.8%), from €5,815 to €7,898
- Taxes -€1,730
down €1,730 (-98.3%), from €1,759 to €30
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 | €61,873 | €57,766 | -€4,107 | -6.6% |
| Fixed assets | 21/28 | €22,567 | €14,670 | -€7,898 | -35.0% |
| Tangible fixed assets | 22/27 | €22,489 | €14,592 | -€7,898 | -35.1% |
| Furniture and vehicles | 24 | €22,489 | €14,592 | -€7,898 | -35.1% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €39,306 | €43,096 | +€3,790 | +9.6% |
| Stocks and contracts in progress | 3 | €188 | €0 | -€188 | -100% |
| Stocks | 30/36 | €188 | €0 | -€188 | -100% |
| Amounts receivable within one year | 40/41 | €4,202 | €7,547 | +€3,345 | +79.6% |
| Trade receivables | 40 | €3,403 | €5,186 | +€1,782 | +52.4% |
| Other amounts receivable | 41 | €799 | €2,361 | +€1,562 | +196% |
| Cash at bank and in hand | 54/58 | €34,916 | €35,549 | +€633 | +1.8% |
| Total equity and liabilities | 10/49 | €61,873 | €57,766 | -€4,107 | -6.6% |
| Equity | 10/15 | €32,675 | €34,152 | +€1,477 | +4.5% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,675 | €20,152 | +€1,477 | +7.9% |
| Amounts payable | 17/49 | €29,198 | €23,613 | -€5,584 | -19.1% |
| Amounts payable after more than one year | 17 | €9,076 | €2,103 | -€6,972 | -76.8% |
| Financial debts | 170/4 | €9,076 | €2,103 | -€6,972 | -76.8% |
| Amounts payable within one year | 42/48 | €20,122 | €21,510 | +€1,388 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €6,769 | €6,972 | +€203 | +3.0% |
| Trade debts | 44 | €731 | €2,949 | +€2,219 | +304% |
| Suppliers | 440/4 | €731 | €2,949 | +€2,219 | +304% |
| Taxes, remuneration and social security | 45 | €1,034 | - | -€1,034 | |
| Taxes | 450/3 | €1,034 | - | -€1,034 | |
| Other amounts payable | 47/48 | €11,589 | €11,589 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,824 | €1,928 | +€103 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,815 | €7,898 | +€2,083 | +35.8% |
| Other operating charges | 640/8 | €969 | €1,090 | +€121 | +12.5% |
| Gross operating margin | 9900 | €15,970 | €12,967 | -€3,003 | -18.8% |
| Operating profit (loss) | 9901 | €7,362 | €2,053 | -€5,309 | -72.1% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €558 | €587 | +€29 | +5.2% |
| Recurring financial charges | 65 | €558 | €587 | +€29 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €6,804 | €1,507 | -€5,297 | -77.9% |
| Income taxes | 67/77 | €1,759 | €30 | -€1,730 | -98.3% |
| Profit (loss) for the period | 9904 | €5,045 | €1,477 | -€3,567 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,045 | €1,477 | -€3,567 | -70.7% |
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 14 October 2026 via checked.be.