LIEDES: what changed
Two fiscal 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.
LIEDES
Largest movements
- Cash -€16,299
down €16,299 (-53.5%), from €30,441 to €14,143
mainly Other debts (-€16,263) and Tax, wage and social debts (-€4,486)
- Receivables within one year -€3,039
down €3,039 (-13.8%), from €21,992 to €18,952
of which Trade receivables: -€2,848
- Stocks and contracts +€1,550
up €1,550 (+71.4%), from €2,172 to €3,722
- Other debts -€16,263
down €16,263 (-28.2%), from €57,759 to €41,496
- Tax, wage and social debts -€4,486
down €4,486 (-100.0%), from €4,486 to €0
- Profit (loss) carried forward +€4,437
up €4,437 (+16.0%), from -€27,730 to -€23,293
- Trade debts -€979
down €979 (-38.1%), from €2,573 to €1,593
- Gross operating margin -€6,548
down €6,548 (-49.3%), from €13,280 to €6,733
- Taxes +€762
new in 2025: €762
- Depreciation +€168
up €168 (+28.6%), from €585 to €753
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 | €57,087 | €39,796 | -€17,291 | -30.3% |
| Fixed assets | 21/28 | €2,482 | €2,884 | +€402 | +16.2% |
| Tangible fixed assets | 22/27 | €2,482 | €2,884 | +€402 | +16.2% |
| Plant, machinery and equipment | 23 | €2,071 | €2,817 | +€746 | +36.0% |
| Furniture and vehicles | 24 | €411 | €67 | -€344 | -83.7% |
| Current assets | 29/58 | €54,605 | €36,912 | -€17,693 | -32.4% |
| Stocks and contracts in progress | 3 | €2,172 | €3,722 | +€1,550 | +71.4% |
| Stocks | 30/36 | €2,172 | €3,722 | +€1,550 | +71.4% |
| Amounts receivable within one year | 40/41 | €21,992 | €18,952 | -€3,039 | -13.8% |
| Trade receivables | 40 | €16,934 | €14,086 | -€2,848 | -16.8% |
| Other amounts receivable | 41 | €5,057 | €4,866 | -€191 | -3.8% |
| Cash at bank and in hand | 54/58 | €30,441 | €14,143 | -€16,299 | -53.5% |
| Deferred charges and accrued income | 490/1 | - | €95 | +€95 | |
| Total equity and liabilities | 10/49 | €57,087 | €39,796 | -€17,291 | -30.3% |
| Equity | 10/15 | -€7,730 | -€3,293 | +€4,437 | +57.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,730 | -€23,293 | +€4,437 | +16.0% |
| Amounts payable | 17/49 | €64,817 | €43,089 | -€21,728 | -33.5% |
| Amounts payable within one year | 42/48 | €64,817 | €43,089 | -€21,728 | -33.5% |
| Trade debts | 44 | €2,573 | €1,593 | -€979 | -38.1% |
| Suppliers | 440/4 | €2,573 | €1,593 | -€979 | -38.1% |
| Taxes, remuneration and social security | 45 | €4,486 | €0 | -€4,486 | -100.0% |
| Taxes | 450/3 | €4,486 | €0 | -€4,486 | -100.0% |
| Other amounts payable | 47/48 | €57,759 | €41,496 | -€16,263 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €585 | €753 | +€168 | +28.6% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €13,280 | €6,733 | -€6,548 | -49.3% |
| Operating profit (loss) | 9901 | €12,170 | €5,448 | -€6,722 | -55.2% |
| Financial income | 75/76B | €2 | €30 | +€28 | +1665.3% |
| Recurring financial income | 75 | €2 | €30 | +€28 | +1665.3% |
| Financial charges | 65/66B | €228 | €279 | +€51 | +22.4% |
| Recurring financial charges | 65 | €228 | €279 | +€51 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €11,944 | €5,199 | -€6,744 | -56.5% |
| Income taxes | 67/77 | - | €762 | +€762 | |
| Profit (loss) for the period | 9904 | €11,944 | €4,437 | -€7,507 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,944 | €4,437 | -€7,507 | -62.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.