LIDER MS: 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.
LIDER MS
Largest movements
- Receivables within one year +€291,387
up €291,387 (+132.2%), from €220,392 to €511,779
of which Trade receivables: +€285,615
- Tangible fixed assets -€34,309
down €34,309 (-48.8%), from €70,263 to €35,954
of which Furniture and vehicles: -€34,803
- Cash -€6,670
down €6,670 (-15.5%), from €43,128 to €36,458
mainly Receivables within one year (-€291,387) and Debts after one year (-€36,633)
- Trade debts +€242,677
up €242,677 (+187.0%), from €129,783 to €372,460
of which Suppliers: +€313,802
- Debts after one year -€36,633
down €36,633 (-81.3%), from €45,075 to €8,442
- Profit (loss) carried forward +€26,037
up €26,037 (+71.1%), from €36,605 to €62,642
- Other debts +€8,484
up €8,484 (+11.0%), from €77,342 to €85,826
- Purchases and services +€988,888
new in 2025: €988,888
- Turnover +€357,845
up €357,845 (+47.7%), from €749,558 to €1.1m
- Gross operating margin +€35,885
up €35,885 (+49.4%), from €72,601 to €108,486
- Staff costs +€24,101
new in 2025: €24,101
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 | €334,491 | €584,191 | +€249,700 | +74.7% |
| Fixed assets | 21/28 | €70,263 | €35,954 | -€34,309 | -48.8% |
| Tangible fixed assets | 22/27 | €70,263 | €35,954 | -€34,309 | -48.8% |
| Plant, machinery and equipment | 23 | €683 | €1,176 | +€494 | +72.3% |
| Furniture and vehicles | 24 | €69,580 | €34,778 | -€34,803 | -50.0% |
| Current assets | 29/58 | €264,228 | €548,237 | +€284,009 | +107.5% |
| Amounts receivable within one year | 40/41 | €220,392 | €511,779 | +€291,387 | +132.2% |
| Trade receivables | 40 | €211,847 | €497,462 | +€285,615 | +134.8% |
| Other amounts receivable | 41 | €8,545 | €14,317 | +€5,772 | +67.5% |
| Cash at bank and in hand | 54/58 | €43,128 | €36,458 | -€6,670 | -15.5% |
| Deferred charges and accrued income | 490/1 | €708 | - | -€708 | |
| Total equity and liabilities | 10/49 | €334,491 | €584,191 | +€249,700 | +74.7% |
| Equity | 10/15 | €38,105 | €64,142 | +€26,037 | +68.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,605 | €62,642 | +€26,037 | +71.1% |
| Amounts payable | 17/49 | €296,386 | €520,049 | +€223,663 | +75.5% |
| Amounts payable after more than one year | 17 | €45,075 | €8,442 | -€36,633 | -81.3% |
| Financial debts | 170/4 | €45,075 | €8,442 | -€36,633 | -81.3% |
| Amounts payable within one year | 42/48 | €251,311 | €511,607 | +€260,296 | +103.6% |
| Current portion of amounts payable after more than one year | 42 | €20,412 | €23,868 | +€3,456 | +16.9% |
| Trade debts | 44 | €129,783 | €372,460 | +€242,677 | +187.0% |
| Suppliers | 440/4 | €58,658 | €372,460 | +€313,802 | +535.0% |
| Bills of exchange payable | 441 | €71,125 | - | -€71,125 | |
| Taxes, remuneration and social security | 45 | €23,774 | €29,453 | +€5,679 | +23.9% |
| Taxes | 450/3 | €5,615 | €7,758 | +€2,143 | +38.2% |
| Remuneration and social security | 454/9 | €18,159 | €21,695 | +€3,536 | +19.5% |
| Other amounts payable | 47/48 | €77,342 | €85,826 | +€8,484 | +11.0% |
| Turnover | 70 | €749,558 | €1,107,403 | +€357,845 | +47.7% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €988,888 | +€988,888 | |
| Remuneration, social security and pensions | 62 | - | €24,101 | +€24,101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,032 | €35,348 | -€3,684 | -9.4% |
| Gross operating margin | 9900 | €72,601 | €108,486 | +€35,885 | +49.4% |
| Operating profit (loss) | 9901 | €33,569 | €49,037 | +€15,468 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €33,569 | €49,037 | +€15,468 | +46.1% |
| Profit (loss) for the period | 9904 | €33,569 | €49,037 | +€15,468 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,569 | €49,037 | +€15,468 | +46.1% |
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 11 October 2026 via checked.be.