LIEGE KARTING: 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 KARTING
Largest movements
- Tangible fixed assets +€76,716
up €76,716 (+39.0%), from €196,480 to €273,196
of which Furniture and vehicles: +€59,473
- Receivables within one year -€12,808
down €12,808 (-50.8%), from €25,204 to €12,396
of which Trade receivables: -€7,720
- Deferred charges and accrued income -€3,621
down €3,621 (-33.6%), from €10,782 to €7,161
- Cash -€3,437
down €3,437 (-10.7%), from €32,050 to €28,612
mainly Investment in fixed assets (net) (-€173,024) and Trade debts (-€3,506)
- Other debts +€32,609
up €32,609 (+21.3%), from €153,080 to €185,689
- Reserves +€16,806
up €16,806 (+906%), from €1,855 to €18,661
- Accrued charges and deferred income +€8,831
up €8,831, from €0 to €8,831
- Profit (loss) carried forward +€7,588
up €7,588, from -€7,588 to €0
- Trade debts -€3,506
down €3,506 (-18.3%), from €19,152 to €15,646
- Staff costs +€25,032
up €25,032 (+27.1%), from €92,378 to €117,409
- Depreciation +€13,688
up €13,688 (+17.2%), from €79,529 to €93,217
- Other operating charges +€10,198
up €10,198 (+131%), from €7,766 to €17,964
- Gross operating margin +€9,981
up €9,981 (+3.9%), from €252,723 to €262,704
- Financial charges +€3,034
up €3,034 (+48.6%), from €6,243 to €9,277
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 | €276,863 | €339,168 | +€62,305 | +22.5% |
| Fixed assets | 21/28 | €198,282 | €278,089 | +€79,807 | +40.2% |
| Intangible fixed assets | 21 | €0 | €3,091 | +€3,091 | |
| Tangible fixed assets | 22/27 | €196,480 | €273,196 | +€76,716 | +39.0% |
| Land and buildings | 22 | €379 | €189 | -€189 | -50.0% |
| Plant, machinery and equipment | 23 | €56,932 | €74,364 | +€17,432 | +30.6% |
| Furniture and vehicles | 24 | €139,169 | €198,642 | +€59,473 | +42.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,802 | €1,802 | = | 0.0% |
| Current assets | 29/58 | €78,582 | €61,080 | -€17,502 | -22.3% |
| Stocks and contracts in progress | 3 | €10,546 | €12,911 | +€2,365 | +22.4% |
| Stocks | 30/36 | €10,546 | €12,911 | +€2,365 | +22.4% |
| Amounts receivable within one year | 40/41 | €25,204 | €12,396 | -€12,808 | -50.8% |
| Trade receivables | 40 | €17,157 | €9,437 | -€7,720 | -45.0% |
| Other amounts receivable | 41 | €8,047 | €2,959 | -€5,088 | -63.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €32,050 | €28,612 | -€3,437 | -10.7% |
| Deferred charges and accrued income | 490/1 | €10,782 | €7,161 | -€3,621 | -33.6% |
| Total equity and liabilities | 10/49 | €276,863 | €339,168 | +€62,305 | +22.5% |
| Equity | 10/15 | €87,817 | €112,211 | +€24,393 | +27.8% |
| Contributions | 10/11 | €93,550 | €93,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €18,661 | +€16,806 | +906% |
| Distributable reserves | 133 | €1,855 | €18,661 | +€16,806 | +906% |
| Profit (loss) carried forward | 14 | -€7,588 | €0 | +€7,588 | |
| Amounts payable | 17/49 | €189,046 | €226,958 | +€37,912 | +20.1% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €189,046 | €218,127 | +€29,081 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €19,152 | €15,646 | -€3,506 | -18.3% |
| Suppliers | 440/4 | €19,152 | €15,646 | -€3,506 | -18.3% |
| Taxes, remuneration and social security | 45 | €16,814 | €16,792 | -€21 | -0.1% |
| Taxes | 450/3 | €6,168 | €5,086 | -€1,082 | -17.5% |
| Remuneration and social security | 454/9 | €10,646 | €11,706 | +€1,060 | +10.0% |
| Other amounts payable | 47/48 | €153,080 | €185,689 | +€32,609 | +21.3% |
| Accrued charges and deferred income | 492/3 | €0 | €8,831 | +€8,831 | |
| Remuneration, social security and pensions | 62 | €92,378 | €117,409 | +€25,032 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,529 | €93,217 | +€13,688 | +17.2% |
| Other operating charges | 640/8 | €7,766 | €17,964 | +€10,198 | +131% |
| Gross operating margin | 9900 | €252,723 | €262,704 | +€9,981 | +3.9% |
| Operating profit (loss) | 9901 | €73,051 | €34,113 | -€38,937 | -53.3% |
| Financial income | 75/76B | €342 | €276 | -€66 | -19.3% |
| Recurring financial income | 75 | €342 | €276 | -€66 | -19.3% |
| Financial charges | 65/66B | €6,243 | €9,277 | +€3,034 | +48.6% |
| Recurring financial charges | 65 | €6,243 | €9,277 | +€3,034 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €67,149 | €25,112 | -€42,037 | -62.6% |
| Income taxes | 67/77 | €774 | €719 | -€55 | -7.1% |
| Profit (loss) for the period | 9904 | €66,375 | €24,393 | -€41,982 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,375 | €24,393 | -€41,982 | -63.2% |
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 28 October 2026 via checked.be.