LIEBO: what changed
What changed
LIEBO
NACE 43.110, Demolition
filed annual accounts (NBB)
Net result for the year
€74,323
2024 · €82,928-€8,605
Equity
€624,286
2024 · €649,962-€25,677
Cash
€271,506
2024 · €211,132+€60,374
Balance sheet total
€912,645
2024 · €871,964+€40,681
Largest movements
Assets
- Cash +€60,374
up €60,374 (+28.6%), from €211,132 to €271,506
mainly Other debts (+€95,659) and Depreciation (+€79,360)
- Tangible fixed assets -€37,297
down €37,297 (-6.6%), from €562,773 to €525,476
of which Furniture and vehicles: -€23,445
- Receivables within one year +€15,122
up €15,122 (+22.1%), from €68,557 to €83,679
of which Trade receivables: +€24,995
Equity and liabilities
- Other debts +€95,659
up €95,659 (+8,983%), from €1,065 to €96,724
- Debts after one year -€41,168
down €41,168 (-42.9%), from €95,867 to €54,699
- Reserves -€30,000
down €30,000 (-8.2%), from €365,824 to €335,824
Income statement
- Gross operating margin +€102,413
up €102,413 (+23.9%), from €428,712 to €531,124
- Staff costs +€79,893
up €79,893 (+31.9%), from €250,655 to €330,548
- Depreciation +€20,932
up €20,932 (+35.8%), from €58,429 to €79,360
- Financial income -€8,585
down €8,585 (-99.1%), from €8,663 to €79
of which Non-recurring financial income: -€8,264
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
€82,928
Gross operating margin
+€102,413
Staff costs
-€79,893
Depreciation
-€20,932
Other operating charges
+€139
Financial income
-€8,585
Financial charges
-€2,298
Taxes
+€551
Result 2025
€74,323
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
+€242,389
Investment
-€42,063
Financing
-€139,952
Cash 2024
€211,132
From operations (derived)
+€242,389
Net result for the year
+€74,323
Depreciation
+€79,360
Stocks and contracts
-€521
Receivables within one year
-€15,122
Deferred charges and accrued income
-€1,962
Trade debts
+€7,436
Tax, wage and social debts
-€1,259
Other debts
+€95,659
Accrued charges and deferred income
+€4,475
Investment (derived)
-€42,063
Investment in fixed assets (net)
-€42,063
Financing
-€139,952
Debts after one year
-€41,168
Current portion of long-term debt
+€1,216
Contributions, distributions and other
-€100,000
Cash 2025
€271,506
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €871,964 | €912,645 | +€40,681 | +4.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €563,278 | €525,981 | -€37,297 | -6.6% |
| Tangible fixed assets | 22/27 | €562,773 | €525,476 | -€37,297 | -6.6% |
| Land and buildings | 22 | €361,706 | €345,580 | -€16,125 | -4.5% |
| Plant, machinery and equipment | 23 | €3,077 | €5,350 | +€2,273 | +73.9% |
| Furniture and vehicles | 24 | €197,991 | €174,546 | -€23,445 | -11.8% |
| Financial fixed assets | 28 | €505 | €505 | = | 0.0% |
| Current assets | 29/58 | €308,686 | €386,665 | +€77,978 | +25.3% |
| Stocks and contracts in progress | 3 | €13,594 | €14,115 | +€521 | +3.8% |
| Stocks | 30/36 | €13,594 | €14,115 | +€521 | +3.8% |
| Amounts receivable within one year | 40/41 | €68,557 | €83,679 | +€15,122 | +22.1% |
| Trade receivables | 40 | €58,628 | €83,622 | +€24,995 | +42.6% |
| Other amounts receivable | 41 | €9,930 | €57 | -€9,873 | -99.4% |
| Cash at bank and in hand | 54/58 | €211,132 | €271,506 | +€60,374 | +28.6% |
| Deferred charges and accrued income | 490/1 | €15,403 | €17,365 | +€1,962 | +12.7% |
| Total equity and liabilities | 10/49 | €871,964 | €912,645 | +€40,681 | +4.7% |
| Equity | 10/15 | €649,962 | €624,286 | -€25,677 | -4.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €365,824 | €335,824 | -€30,000 | -8.2% |
| Distributable reserves | 133 | €365,824 | €335,824 | -€30,000 | -8.2% |
| Profit (loss) carried forward | 14 | €265,589 | €269,912 | +€4,323 | +1.6% |
| Amounts payable | 17/49 | €222,002 | €288,360 | +€66,358 | +29.9% |
| Amounts payable after more than one year | 17 | €95,867 | €54,699 | -€41,168 | -42.9% |
| Financial debts | 170/4 | €95,867 | €54,699 | -€41,168 | -42.9% |
| Amounts payable within one year | 42/48 | €125,010 | €228,061 | +€103,051 | +82.4% |
| Current portion of amounts payable after more than one year | 42 | €39,952 | €41,168 | +€1,216 | +3.0% |
| Trade debts | 44 | €33,378 | €40,814 | +€7,436 | +22.3% |
| Suppliers | 440/4 | €33,378 | €40,814 | +€7,436 | +22.3% |
| Advances received on contracts in progress | 46 | €35,000 | €35,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,615 | €14,355 | -€1,259 | -8.1% |
| Taxes | 450/3 | €8,881 | €13,330 | +€4,449 | +50.1% |
| Remuneration and social security | 454/9 | €6,734 | €1,026 | -€5,709 | -84.8% |
| Other amounts payable | 47/48 | €1,065 | €96,724 | +€95,659 | +8,983% |
| Accrued charges and deferred income | 492/3 | €1,125 | €5,600 | +€4,475 | +398% |
| Non-recurring operating income | 76A | €3,684 | €14,099 | +€10,415 | +283% |
| Remuneration, social security and pensions | 62 | €250,655 | €330,548 | +€79,893 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,429 | €79,360 | +€20,932 | +35.8% |
| Other operating charges | 640/8 | €8,064 | €7,925 | -€139 | -1.7% |
| Gross operating margin | 9900 | €428,712 | €531,124 | +€102,413 | +23.9% |
| Operating profit (loss) | 9901 | €111,564 | €113,291 | +€1,727 | +1.5% |
| Financial income | 75/76B | €8,663 | €79 | -€8,585 | -99.1% |
| Recurring financial income | 75 | €399 | €79 | -€321 | -80.3% |
| Non-recurring financial income | 76B | €8,264 | - | -€8,264 | |
| Financial charges | 65/66B | €3,418 | €5,716 | +€2,298 | +67.2% |
| Recurring financial charges | 65 | €3,418 | €5,716 | +€2,298 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | €116,809 | €107,653 | -€9,156 | -7.8% |
| Income taxes | 67/77 | €33,881 | €33,330 | -€551 | -1.6% |
| Profit (loss) for the period | 9904 | €82,928 | €74,323 | -€8,605 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,928 | €74,323 | -€8,605 | -10.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.