LIEF: 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.
LIEF
Largest movements
- Receivables within one year +€15,067
up €15,067 (+35.8%), from €42,145 to €57,212
of which Other amounts receivable: +€7,953
- Intangible fixed assets -€2,900
down €2,900 (-13.9%), from €20,831 to €17,931
- Cash +€1,301
up €1,301 (+16.3%), from €7,961 to €9,262
mainly Trade debts (+€18,851) and Tax, wage and social debts (+€8,465)
- Trade debts +€18,851
up €18,851 (+74.3%), from €25,381 to €44,232
- Profit (loss) carried forward -€14,096
new in 2025: -€14,096
- Tax, wage and social debts +€8,465
up €8,465 (+35.3%), from €23,963 to €32,428
of which Taxes: +€8,355
- Other operating charges +€24,730
up €24,730 (+10366.0%), from €239 to €24,969
- Gross operating margin +€10,113
up €10,113 (+19.8%), from €51,113 to €61,226
- Staff costs +€7,843
up €7,843 (+23.9%), from €32,784 to €40,628
- Financial charges +€992
up €992 (+57.7%), from €1,719 to €2,712
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 | €74,068 | €87,123 | +€13,055 | +17.6% |
| Fixed assets | 21/28 | €23,962 | €20,648 | -€3,313 | -13.8% |
| Intangible fixed assets | 21 | €20,831 | €17,931 | -€2,900 | -13.9% |
| Tangible fixed assets | 22/27 | €3,131 | €2,717 | -€413 | -13.2% |
| Plant, machinery and equipment | 23 | - | €456 | +€456 | |
| Furniture and vehicles | 24 | €3,131 | €2,262 | -€869 | -27.8% |
| Current assets | 29/58 | €50,106 | €66,475 | +€16,368 | +32.7% |
| Amounts receivable within one year | 40/41 | €42,145 | €57,212 | +€15,067 | +35.8% |
| Trade receivables | 40 | €15,662 | €22,776 | +€7,114 | +45.4% |
| Other amounts receivable | 41 | €26,483 | €34,437 | +€7,953 | +30.0% |
| Cash at bank and in hand | 54/58 | €7,961 | €9,262 | +€1,301 | +16.3% |
| Total equity and liabilities | 10/49 | €74,068 | €87,123 | +€13,055 | +17.6% |
| Equity | 10/15 | €22,643 | €8,547 | -€14,096 | -62.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,643 | €17,643 | = | 0.0% |
| Distributable reserves | 133 | €17,643 | €17,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,096 | -€14,096 | |
| Amounts payable | 17/49 | €51,425 | €78,576 | +€27,151 | +52.8% |
| Amounts payable within one year | 42/48 | €49,344 | €76,660 | +€27,316 | +55.4% |
| Trade debts | 44 | €25,381 | €44,232 | +€18,851 | +74.3% |
| Suppliers | 440/4 | €25,381 | €44,232 | +€18,851 | +74.3% |
| Taxes, remuneration and social security | 45 | €23,963 | €32,428 | +€8,465 | +35.3% |
| Taxes | 450/3 | €20,638 | €28,994 | +€8,355 | +40.5% |
| Remuneration and social security | 454/9 | €3,325 | €3,435 | +€110 | +3.3% |
| Accrued charges and deferred income | 492/3 | €2,081 | €1,916 | -€166 | -8.0% |
| Remuneration, social security and pensions | 62 | €32,784 | €40,628 | +€7,843 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,769 | €3,939 | +€170 | +4.5% |
| Other operating charges | 640/8 | €239 | €24,969 | +€24,730 | +10366.0% |
| Gross operating margin | 9900 | €51,113 | €61,226 | +€10,113 | +19.8% |
| Operating profit (loss) | 9901 | €14,321 | -€8,309 | -€22,630 | |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €1,719 | €2,712 | +€992 | +57.7% |
| Recurring financial charges | 65 | €1,719 | €2,712 | +€992 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €12,631 | -€11,020 | -€23,651 | |
| Income taxes | 67/77 | €3,134 | €3,075 | -€59 | -1.9% |
| Profit (loss) for the period | 9904 | €9,497 | -€14,096 | -€23,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,497 | -€14,096 | -€23,592 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.