Liebens: what changed
What changed
Liebens
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€170,107
2024 · €176,553-€6,446
Equity
€1.3m
2024 · €1.3m+€54,607
Cash
€408,534
2024 · €97,699+€310,835
Balance sheet total
€1.5m
2024 · €1.3m+€171,687
Largest movements
Assets
- Cash +€310,835
up €310,835 (+318%), from €97,699 to €408,534
mainly Net result for the year (+€170,107) and Current investments (+€162,704)
- Current investments -€162,704
down €162,704 (-14.2%), from €1.1m to €986,649
- Receivables within one year +€32,272
up €32,272 (+107%), from €30,225 to €62,497
of which Trade receivables: +€36,242
Equity and liabilities
- Other debts +€110,000
new in 2025: €110,000
- Reserves +€54,607
up €54,607 (+4.4%), from €1.3m to €1.3m
Income statement
- Gross operating margin -€7,457
down €7,457 (-3.3%), from €228,562 to €221,105
- Financial income -€3,206
down €3,206 (-10.1%), from €31,804 to €28,599
- Taxes -€3,151
down €3,151 (-4.1%), from €77,726 to €74,575
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.
Result 2024
€176,553
Gross operating margin
-€7,457
Depreciation
+€1,142
Other operating charges
-€55
Financial income
-€3,206
Financial charges
-€21
Taxes
+€3,151
Result 2025
€170,107
raises the resultlowers the result
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.
From operations
+€258,079
Investment
+€168,256
Financing
-€115,500
Cash 2024
€97,699
From operations (derived)
+€258,079
Net result for the year
+€170,107
Depreciation
+€2,772
Receivables within one year
-€32,272
Deferred charges and accrued income
+€393
Trade debts
+€1,872
Tax, wage and social debts
+€5,207
Other debts
+€110,000
Investment (derived)
+€168,256
Investment in fixed assets (net)
+€5,552
Current investments
+€162,704
Financing
-€115,500
Contributions, distributions and other
-€115,500
Cash 2025
€408,534
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,301,383 | €1,473,069 | +€171,687 | +13.2% |
| Fixed assets | 21/28 | €23,201 | €14,877 | -€8,324 | -35.9% |
| Tangible fixed assets | 22/27 | €17,649 | €14,877 | -€2,772 | -15.7% |
| Furniture and vehicles | 24 | €4,793 | €4,000 | -€794 | -16.6% |
| Other tangible fixed assets | 26 | €12,855 | €10,877 | -€1,978 | -15.4% |
| Financial fixed assets | 28 | €5,552 | - | -€5,552 | |
| Current assets | 29/58 | €1,278,182 | €1,458,192 | +€180,010 | +14.1% |
| Amounts receivable within one year | 40/41 | €30,225 | €62,497 | +€32,272 | +107% |
| Trade receivables | 40 | €26,020 | €62,262 | +€36,242 | +139% |
| Other amounts receivable | 41 | €4,205 | €235 | -€3,970 | -94.4% |
| Current investments | 50/53 | €1,149,353 | €986,649 | -€162,704 | -14.2% |
| Cash at bank and in hand | 54/58 | €97,699 | €408,534 | +€310,835 | +318% |
| Deferred charges and accrued income | 490/1 | €905 | €512 | -€393 | -43.4% |
| Total equity and liabilities | 10/49 | €1,301,383 | €1,473,069 | +€171,687 | +13.2% |
| Equity | 10/15 | €1,252,835 | €1,307,442 | +€54,607 | +4.4% |
| Reserves | 13 | €1,252,835 | €1,307,442 | +€54,607 | +4.4% |
| Distributable reserves | 133 | €1,252,835 | €1,307,442 | +€54,607 | +4.4% |
| Amounts payable | 17/49 | €48,548 | €165,627 | +€117,079 | +241% |
| Amounts payable within one year | 42/48 | €48,548 | €165,627 | +€117,079 | +241% |
| Trade debts | 44 | €3,797 | €5,669 | +€1,872 | +49.3% |
| Suppliers | 440/4 | €3,797 | €5,669 | +€1,872 | +49.3% |
| Taxes, remuneration and social security | 45 | €44,751 | €49,958 | +€5,207 | +11.6% |
| Taxes | 450/3 | €44,751 | €49,958 | +€5,207 | +11.6% |
| Other amounts payable | 47/48 | - | €110,000 | +€110,000 | |
| Non-recurring operating income | 76A | - | €6,612 | +€6,612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,914 | €2,772 | -€1,142 | -29.2% |
| Other operating charges | 640/8 | €1,885 | €1,940 | +€55 | +2.9% |
| Gross operating margin | 9900 | €228,562 | €221,105 | -€7,457 | -3.3% |
| Operating profit (loss) | 9901 | €222,764 | €216,394 | -€6,370 | -2.9% |
| Financial income | 75/76B | €31,804 | €28,599 | -€3,206 | -10.1% |
| Recurring financial income | 75 | €31,804 | €28,599 | -€3,206 | -10.1% |
| Financial charges | 65/66B | €289 | €310 | +€21 | +7.2% |
| Recurring financial charges | 65 | €289 | €310 | +€21 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €254,279 | €244,682 | -€9,597 | -3.8% |
| Income taxes | 67/77 | €77,726 | €74,575 | -€3,151 | -4.1% |
| Profit (loss) for the period | 9904 | €176,553 | €170,107 | -€6,446 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €176,553 | €170,107 | -€6,446 | -3.7% |
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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 8 November 2026 via checked.be.