LIEGE BECASSE: what changed
LIEGE BECASSE
Largest movements
- Receivables within one year +€246,808
up €246,808 (+1,098%), from €22,484 to €269,292
of which Trade receivables: +€259,433
- Tangible fixed assets -€135,267
down €135,267 (-5.0%), from €2.7m to €2.6m
of which Land and buildings: -€230,905
- Cash -€124,451
down €124,451 (-49.9%), from €249,248 to €124,798
mainly Other debts (-€350,000) and Receivables within one year (-€246,808)
- Profit (loss) carried forward +€363,376
up €363,376 (+25.7%), from €1.4m to €1.8m
- Other debts -€350,000
no longer reported in 2025 (was €350,000)
- Debts after one year -€100,000
down €100,000 (-15.4%), from €650,000 to €550,000
- Accrued charges and deferred income +€63,028
up €63,028 (+23.8%), from €265,042 to €328,070
- Gross operating margin +€40,059
up €40,059 (+4.5%), from €882,209 to €922,268
- Taxes +€10,737
up €10,737 (+9.6%), from €111,790 to €122,527
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,984,605 | €2,971,695 | -€12,910 | -0.4% |
| Fixed assets | 21/28 | €2,712,873 | €2,577,605 | -€135,267 | -5.0% |
| Tangible fixed assets | 22/27 | €2,712,873 | €2,577,605 | -€135,267 | -5.0% |
| Land and buildings | 22 | €2,669,748 | €2,438,843 | -€230,905 | -8.6% |
| Assets under construction and advance payments | 27 | €43,124 | €138,762 | +€95,638 | +222% |
| Current assets | 29/58 | €271,732 | €394,089 | +€122,357 | +45.0% |
| Amounts receivable within one year | 40/41 | €22,484 | €269,292 | +€246,808 | +1,098% |
| Trade receivables | 40 | €6,674 | €266,107 | +€259,433 | +3,887% |
| Other amounts receivable | 41 | €15,810 | €3,185 | -€12,625 | -79.9% |
| Cash at bank and in hand | 54/58 | €249,248 | €124,798 | -€124,451 | -49.9% |
| Total equity and liabilities | 10/49 | €2,984,605 | €2,971,695 | -€12,910 | -0.4% |
| Equity | 10/15 | €1,713,860 | €2,077,236 | +€363,376 | +21.2% |
| Contributions | 10/11 | €273,163 | €273,163 | = | 0.0% |
| Capital | 10 | €273,163 | €273,163 | = | 0.0% |
| Issued capital | 100 | €273,163 | €273,163 | = | 0.0% |
| Reserves | 13 | €27,316 | €27,316 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,316 | €27,316 | = | 0.0% |
| Legal reserve | 130 | €27,316 | €27,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,413,380 | €1,776,756 | +€363,376 | +25.7% |
| Amounts payable | 17/49 | €1,270,745 | €894,459 | -€376,286 | -29.6% |
| Amounts payable after more than one year | 17 | €650,000 | €550,000 | -€100,000 | -15.4% |
| Financial debts | 170/4 | €650,000 | €550,000 | -€100,000 | -15.4% |
| Amounts payable within one year | 42/48 | €355,703 | €16,389 | -€339,314 | -95.4% |
| Trade debts | 44 | €5,703 | €3,862 | -€1,841 | -32.3% |
| Suppliers | 440/4 | €5,703 | €3,862 | -€1,841 | -32.3% |
| Taxes, remuneration and social security | 45 | - | €12,527 | +€12,527 | |
| Taxes | 450/3 | - | €12,527 | +€12,527 | |
| Other amounts payable | 47/48 | €350,000 | - | -€350,000 | |
| Accrued charges and deferred income | 492/3 | €265,042 | €328,070 | +€63,028 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,905 | €230,905 | = | 0.0% |
| Other operating charges | 640/8 | €174,470 | €179,945 | +€5,475 | +3.1% |
| Gross operating margin | 9900 | €882,209 | €922,268 | +€40,059 | +4.5% |
| Operating profit (loss) | 9901 | €476,834 | €511,418 | +€34,584 | +7.3% |
| Financial charges | 65/66B | €29,573 | €25,515 | -€4,058 | -13.7% |
| Recurring financial charges | 65 | €29,573 | €25,515 | -€4,058 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €447,261 | €485,903 | +€38,642 | +8.6% |
| Income taxes | 67/77 | €111,790 | €122,527 | +€10,737 | +9.6% |
| Profit (loss) for the period | 9904 | €335,471 | €363,376 | +€27,906 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €335,471 | €363,376 | +€27,906 | +8.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.