LIEGE EVENT: 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.
LIEGE EVENT
Largest movements
- Cash -€11,633
down €11,633 (-66.6%), from €17,460 to €5,827
mainly Other debts (-€60,000) and Trade debts (-€3,477)
- Tangible fixed assets -€10,500
down €10,500 (-29.8%), from €35,182 to €24,682
- Receivables within one year -€8,499
down €8,499 (-21.9%), from €38,765 to €30,267
of which Trade receivables: -€8,806
- Other debts -€60,000
no longer reported in 2025 (was €60,000)
- Profit (loss) carried forward +€29,069
up €29,069, from -€4,794 to €24,275
- Tax, wage and social debts +€3,777
new in 2025: €3,777
- Trade debts -€3,477
down €3,477 (-13.3%), from €26,201 to €22,724
- Gross operating margin +€18,874
up €18,874 (+70.0%), from €26,947 to €45,821
- Taxes +€3,777
new in 2025: €3,777
- Financial charges +€661
up €661 (+46.8%), from €1,414 to €2,075
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 | €91,407 | €60,776 | -€30,631 | -33.5% |
| Fixed assets | 21/28 | €35,182 | €24,682 | -€10,500 | -29.8% |
| Tangible fixed assets | 22/27 | €35,182 | €24,682 | -€10,500 | -29.8% |
| Plant, machinery and equipment | 23 | €35,182 | €24,682 | -€10,500 | -29.8% |
| Current assets | 29/58 | €56,225 | €36,094 | -€20,131 | -35.8% |
| Amounts receivable within one year | 40/41 | €38,765 | €30,267 | -€8,499 | -21.9% |
| Trade receivables | 40 | €35,218 | €26,411 | -€8,806 | -25.0% |
| Other amounts receivable | 41 | €3,548 | €3,855 | +€308 | +8.7% |
| Cash at bank and in hand | 54/58 | €17,460 | €5,827 | -€11,633 | -66.6% |
| Total equity and liabilities | 10/49 | €91,407 | €60,776 | -€30,631 | -33.5% |
| Equity | 10/15 | €5,206 | €34,275 | +€29,069 | +558% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,794 | €24,275 | +€29,069 | |
| Amounts payable | 17/49 | €86,201 | €26,500 | -€59,701 | -69.3% |
| Amounts payable within one year | 42/48 | €86,201 | €26,500 | -€59,701 | -69.3% |
| Trade debts | 44 | €26,201 | €22,724 | -€3,477 | -13.3% |
| Suppliers | 440/4 | €26,201 | €22,724 | -€3,477 | -13.3% |
| Taxes, remuneration and social security | 45 | - | €3,777 | +€3,777 | |
| Taxes | 450/3 | - | €3,777 | +€3,777 | |
| Other amounts payable | 47/48 | €60,000 | - | -€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,500 | €10,500 | = | 0.0% |
| Other operating charges | 640/8 | €687 | €400 | -€288 | -41.8% |
| Gross operating margin | 9900 | €26,947 | €45,821 | +€18,874 | +70.0% |
| Operating profit (loss) | 9901 | €15,760 | €34,921 | +€19,161 | +122% |
| Financial charges | 65/66B | €1,414 | €2,075 | +€661 | +46.8% |
| Recurring financial charges | 65 | €1,414 | €2,075 | +€661 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €14,346 | €32,846 | +€18,500 | +129% |
| Income taxes | 67/77 | - | €3,777 | +€3,777 | |
| Profit (loss) for the period | 9904 | €14,346 | €29,069 | +€14,723 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €14,346 | €29,069 | +€14,723 | +103% |
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 18 October 2026 via checked.be.