LIEFRESTE: 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.
LIEFRESTE
Largest movements
- Receivables within one year -€61,983
down €61,983 (-48.2%), from €128,655 to €66,672
of which Trade receivables: -€110,192
- Tangible fixed assets -€50,859
down €50,859 (-15.5%), from €327,888 to €277,030
of which Plant, machinery and equipment: -€28,214
- Trade debts -€87,062
down €87,062 (-3.2%), from €2.7m to €2.6m
of which Suppliers: -€46,642
- Gross operating margin -€10,502
down €10,502 (-13.9%), from €75,691 to €65,189
- Financial income +€1,149
up €1,149 (+78.5%), from €1,464 to €2,613
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 | €3,012,869 | €2,902,449 | -€110,420 | -3.7% |
| Fixed assets | 21/28 | €329,990 | €277,030 | -€52,960 | -16.0% |
| Intangible fixed assets | 21 | €2,102 | - | -€2,102 | |
| Tangible fixed assets | 22/27 | €327,888 | €277,030 | -€50,859 | -15.5% |
| Land and buildings | 22 | €82,412 | €59,768 | -€22,644 | -27.5% |
| Plant, machinery and equipment | 23 | €245,476 | €217,262 | -€28,214 | -11.5% |
| Current assets | 29/58 | €2,682,879 | €2,625,419 | -€57,460 | -2.1% |
| Amounts receivable within one year | 40/41 | €128,655 | €66,672 | -€61,983 | -48.2% |
| Trade receivables | 40 | €110,192 | - | -€110,192 | |
| Other amounts receivable | 41 | €18,463 | €66,672 | +€48,209 | +261.1% |
| Cash at bank and in hand | 54/58 | €2,546,207 | €2,551,430 | +€5,223 | +0.2% |
| Deferred charges and accrued income | 490/1 | €8,017 | €7,317 | -€700 | -8.7% |
| Total equity and liabilities | 10/49 | €3,012,869 | €2,902,449 | -€110,420 | -3.7% |
| Equity | 10/15 | €140,019 | €143,160 | +€3,141 | +2.2% |
| Contributions | 10/11 | €33,713 | €33,713 | = | 0.0% |
| Reserves | 13 | €85,371 | €85,371 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,287 | €3,287 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,287 | €3,287 | = | 0.0% |
| Distributable reserves | 133 | €82,085 | €82,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,934 | €24,075 | +€3,141 | +15.0% |
| Amounts payable | 17/49 | €2,872,850 | €2,759,288 | -€113,562 | -4.0% |
| Amounts payable after more than one year | 17 | €116,500 | €90,000 | -€26,500 | -22.7% |
| Financial debts | 170/4 | €116,500 | €90,000 | -€26,500 | -22.7% |
| Amounts payable within one year | 42/48 | €2,756,350 | €2,669,288 | -€87,062 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €26,500 | €26,500 | = | 0.0% |
| Trade debts | 44 | €2,729,819 | €2,642,758 | -€87,062 | -3.2% |
| Suppliers | 440/4 | €2,689,399 | €2,642,758 | -€46,642 | -1.7% |
| Bills of exchange payable | 441 | €40,420 | - | -€40,420 | |
| Taxes, remuneration and social security | 45 | €22 | €22 | = | 0.0% |
| Taxes | 450/3 | €22 | €22 | = | 0.0% |
| Other amounts payable | 47/48 | €9 | €9 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,848 | €60,175 | +€328 | +0.5% |
| Other operating charges | 640/8 | €2,987 | €3,027 | +€40 | +1.3% |
| Gross operating margin | 9900 | €75,691 | €65,189 | -€10,502 | -13.9% |
| Operating profit (loss) | 9901 | €12,856 | €1,987 | -€10,869 | -84.5% |
| Financial income | 75/76B | €1,464 | €2,613 | +€1,149 | +78.5% |
| Recurring financial income | 75 | €1,464 | €2,613 | +€1,149 | +78.5% |
| Financial charges | 65/66B | €1,697 | €1,458 | -€238 | -14.1% |
| Recurring financial charges | 65 | €1,697 | €1,458 | -€238 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €12,623 | €3,141 | -€9,482 | -75.1% |
| Profit (loss) for the period | 9904 | €12,623 | €3,141 | -€9,482 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,623 | €3,141 | -€9,482 | -75.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.