LIEFRIL: 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.
LIEFRIL
Largest movements
- Receivables within one year -€3,232
down €3,232 (-20.1%), from €16,104 to €12,872
of which Other amounts receivable: -€4,798
- Tangible fixed assets -€2,291
down €2,291 (-3.4%), from €68,309 to €66,018
of which Land and buildings: -€1,611
- Cash +€1,816
up €1,816 (+22.5%), from €8,083 to €9,899
mainly Other debts (+€17,602) and Net result for the year (+€15,009)
- Other debts +€17,602
up €17,602 (+173%), from €10,167 to €27,769
- Reserves -€12,760
down €12,760 (-22.8%), from €56,046 to €43,286
- Debts after one year -€7,762
down €7,762 (-16.3%), from €47,522 to €39,760
- Gross operating margin +€6,991
up €6,991 (+35.6%), from €19,616 to €26,607
- Taxes +€2,991
up €2,991 (+91.6%), from €3,264 to €6,255
- Financial charges -€664
down €664 (-18.4%), from €3,609 to €2,944
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 | €135,374 | €131,231 | -€4,143 | -3.1% |
| Fixed assets | 21/28 | €68,309 | €66,018 | -€2,291 | -3.4% |
| Tangible fixed assets | 22/27 | €68,309 | €66,018 | -€2,291 | -3.4% |
| Land and buildings | 22 | €64,201 | €62,591 | -€1,611 | -2.5% |
| Plant, machinery and equipment | 23 | €947 | €677 | -€270 | -28.5% |
| Furniture and vehicles | 24 | €3,160 | €2,750 | -€410 | -13.0% |
| Current assets | 29/58 | €67,065 | €65,213 | -€1,852 | -2.8% |
| Amounts receivable after more than one year | 29 | €41,800 | €41,800 | = | 0.0% |
| Other amounts receivable | 291 | €41,800 | €41,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,104 | €12,872 | -€3,232 | -20.1% |
| Trade receivables | 40 | €11,302 | €12,869 | +€1,566 | +13.9% |
| Other amounts receivable | 41 | €4,802 | €4 | -€4,798 | -99.9% |
| Cash at bank and in hand | 54/58 | €8,083 | €9,899 | +€1,816 | +22.5% |
| Deferred charges and accrued income | 490/1 | €1,077 | €641 | -€436 | -40.5% |
| Total equity and liabilities | 10/49 | €135,374 | €131,231 | -€4,143 | -3.1% |
| Equity | 10/15 | €58,046 | €45,286 | -€12,760 | -22.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €56,046 | €43,286 | -€12,760 | -22.8% |
| Distributable reserves | 133 | €56,046 | €43,286 | -€12,760 | -22.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,328 | €85,945 | +€8,617 | +11.1% |
| Amounts payable after more than one year | 17 | €47,522 | €39,760 | -€7,762 | -16.3% |
| Financial debts | 170/4 | €47,522 | €39,760 | -€7,762 | -16.3% |
| Amounts payable within one year | 42/48 | €29,176 | €45,555 | +€16,379 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €7,540 | €7,762 | +€221 | +2.9% |
| Trade debts | 44 | €1,760 | €756 | -€1,004 | -57.0% |
| Suppliers | 440/4 | €1,760 | €756 | -€1,004 | -57.0% |
| Taxes, remuneration and social security | 45 | €9,709 | €9,269 | -€440 | -4.5% |
| Taxes | 450/3 | €9,709 | €9,269 | -€440 | -4.5% |
| Other amounts payable | 47/48 | €10,167 | €27,769 | +€17,602 | +173% |
| Accrued charges and deferred income | 492/3 | €630 | €630 | -€0 | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,220 | €3,016 | -€203 | -6.3% |
| Other operating charges | 640/8 | €765 | €591 | -€174 | -22.8% |
| Gross operating margin | 9900 | €19,616 | €26,607 | +€6,991 | +35.6% |
| Operating profit (loss) | 9901 | €15,631 | €23,000 | +€7,369 | +47.1% |
| Financial income | 75/76B | €1,409 | €1,208 | -€201 | -14.2% |
| Recurring financial income | 75 | €1,409 | €1,208 | -€201 | -14.2% |
| Financial charges | 65/66B | €3,609 | €2,944 | -€664 | -18.4% |
| Recurring financial charges | 65 | €3,609 | €2,944 | -€664 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €13,431 | €21,264 | +€7,833 | +58.3% |
| Income taxes | 67/77 | €3,264 | €6,255 | +€2,991 | +91.6% |
| Profit (loss) for the period | 9904 | €10,167 | €15,009 | +€4,842 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,167 | €15,009 | +€4,842 | +47.6% |
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 19 October 2026 via checked.be.