LIEDER: 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.
LIEDER
Largest movements
- Cash -€86,048
down €86,048 (-54.8%), from €157,103 to €71,055
mainly Contributions, distributions and other (-€184,513) and Investment in fixed assets (net) (-€61,701)
- Tangible fixed assets +€51,206
up €51,206 (+26,429%), from €194 to €51,400
of which Furniture and vehicles: +€42,239
- Receivables within one year +€5,185
up €5,185 (+42.3%), from €12,247 to €17,433
of which Trade receivables: +€5,185
- Deferred charges and accrued income +€1,998
up €1,998 (+317%), from €631 to €2,629
- Reserves -€133,000
down €133,000 (-97.3%), from €136,743 to €3,743
- Other debts +€53,416
up €53,416 (+491%), from €10,890 to €64,306
- Debts after one year +€29,875
up €29,875, from €0 to €29,875
- Current portion of long-term debt +€8,758
up €8,758 (+2,590%), from €338 to €9,096
- Tax, wage and social debts +€6,449
up €6,449 (+34.2%), from €18,860 to €25,310
of which Taxes: +€6,449
- Gross operating margin +€7,732
up €7,732 (+10.5%), from €73,864 to €81,596
- Depreciation +€6,075
up €6,075 (+137%), from €4,420 to €10,495
- Financial charges +€2,703
up €2,703 (+1,890%), from €143 to €2,846
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 | €170,176 | €142,517 | -€27,659 | -16.3% |
| Fixed assets | 21/28 | €194 | €51,400 | +€51,206 | +26,429% |
| Tangible fixed assets | 22/27 | €194 | €51,400 | +€51,206 | +26,429% |
| Furniture and vehicles | 24 | €194 | €42,433 | +€42,239 | +21,801% |
| Other tangible fixed assets | 26 | - | €8,967 | +€8,967 | |
| Current assets | 29/58 | €169,982 | €91,117 | -€78,865 | -46.4% |
| Amounts receivable within one year | 40/41 | €12,247 | €17,433 | +€5,185 | +42.3% |
| Trade receivables | 40 | €12,247 | €17,433 | +€5,185 | +42.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €157,103 | €71,055 | -€86,048 | -54.8% |
| Deferred charges and accrued income | 490/1 | €631 | €2,629 | +€1,998 | +317% |
| Total equity and liabilities | 10/49 | €170,176 | €142,517 | -€27,659 | -16.3% |
| Equity | 10/15 | €139,243 | €6,243 | -€133,000 | -95.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €136,743 | €3,743 | -€133,000 | -97.3% |
| Distributable reserves | 133 | €136,743 | €3,743 | -€133,000 | -97.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,932 | €136,274 | +€105,341 | +341% |
| Amounts payable after more than one year | 17 | €0 | €29,875 | +€29,875 | |
| Financial debts | 170/4 | €0 | €29,875 | +€29,875 | |
| Amounts payable within one year | 42/48 | €30,932 | €105,142 | +€74,210 | +240% |
| Current portion of amounts payable after more than one year | 42 | €338 | €9,096 | +€8,758 | +2,590% |
| Trade debts | 44 | €844 | €6,431 | +€5,587 | +662% |
| Suppliers | 440/4 | €844 | €6,431 | +€5,587 | +662% |
| Taxes, remuneration and social security | 45 | €18,860 | €25,310 | +€6,449 | +34.2% |
| Taxes | 450/3 | €18,860 | €25,310 | +€6,449 | +34.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,890 | €64,306 | +€53,416 | +491% |
| Accrued charges and deferred income | 492/3 | - | €1,257 | +€1,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,420 | €10,495 | +€6,075 | +137% |
| Other operating charges | 640/8 | €672 | €987 | +€315 | +46.9% |
| Gross operating margin | 9900 | €73,864 | €81,596 | +€7,732 | +10.5% |
| Operating profit (loss) | 9901 | €68,772 | €70,114 | +€1,342 | +2.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €143 | €2,846 | +€2,703 | +1,890% |
| Recurring financial charges | 65 | €143 | €2,846 | +€2,703 | +1,890% |
| Profit (loss) for the period before taxes | 9903 | €68,629 | €67,268 | -€1,361 | -2.0% |
| Income taxes | 67/77 | €15,364 | €15,755 | +€391 | +2.5% |
| Profit (loss) for the period | 9904 | €53,265 | €51,513 | -€1,753 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,265 | €51,513 | -€1,753 | -3.3% |
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 27 October 2026 via checked.be.