LIEDEC: 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.
LIEDEC
Largest movements
- Cash -€69,048
down €69,048 (-70.9%), from €97,335 to €28,286
mainly Other debts (-€97,381) and Receivables within one year (-€21)
- Other debts -€97,381
down €97,381 (-47.5%), from €204,933 to €107,552
- Profit (loss) carried forward +€23,718
up €23,718 (+14.4%), from -€165,256 to -€141,537
- Gross operating margin +€9,723
up €9,723 (+39.4%), from €24,677 to €34,400
- Depreciation -€8,253
down €8,253 (-79.0%), from €10,449 to €2,195
- Other operating charges +€400
up €400 (+4.7%), from €8,433 to €8,833
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 | €478,068 | €406,845 | -€71,223 | -14.9% |
| Fixed assets | 21/28 | €380,670 | €378,475 | -€2,195 | -0.6% |
| Tangible fixed assets | 22/27 | €380,670 | €378,475 | -€2,195 | -0.6% |
| Land and buildings | 22 | €380,670 | €378,475 | -€2,195 | -0.6% |
| Current assets | 29/58 | €97,398 | €28,370 | -€69,028 | -70.9% |
| Amounts receivable within one year | 40/41 | €63 | €84 | +€21 | +32.8% |
| Other amounts receivable | 41 | €63 | €84 | +€21 | +32.8% |
| Cash at bank and in hand | 54/58 | €97,335 | €28,286 | -€69,048 | -70.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €478,068 | €406,845 | -€71,223 | -14.9% |
| Equity | 10/15 | €272,891 | €296,609 | +€23,718 | +8.7% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €239,831 | €239,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,831 | €19,831 | = | 0.0% |
| Legal reserve | 130 | €19,831 | €19,831 | = | 0.0% |
| Distributable reserves | 133 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,256 | -€141,537 | +€23,718 | +14.4% |
| Amounts payable | 17/49 | €205,177 | €110,236 | -€94,941 | -46.3% |
| Amounts payable within one year | 42/48 | €205,177 | €110,236 | -€94,941 | -46.3% |
| Trade debts | 44 | €244 | €2,684 | +€2,440 | +1000.3% |
| Suppliers | 440/4 | €244 | €2,684 | +€2,440 | +1000.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €204,933 | €107,552 | -€97,381 | -47.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,449 | €2,195 | -€8,253 | -79.0% |
| Other operating charges | 640/8 | €8,433 | €8,833 | +€400 | +4.7% |
| Gross operating margin | 9900 | €24,677 | €34,400 | +€9,723 | +39.4% |
| Operating profit (loss) | 9901 | €5,796 | €23,372 | +€17,577 | +303.3% |
| Financial income | 75/76B | €620 | €461 | -€158 | -25.6% |
| Recurring financial income | 75 | €620 | €461 | -€158 | -25.6% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €6,372 | €23,788 | +€17,417 | +273.3% |
| Income taxes | 67/77 | €160 | €70 | -€90 | -56.2% |
| Profit (loss) for the period | 9904 | €6,212 | €23,718 | +€17,507 | +281.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,212 | €23,718 | +€17,507 | +281.8% |
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 12 October 2026 via checked.be.