LIEGEPICES: 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.
What changed
LIEGEPICES
NACE 47.279, Other retail sale of food
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€64,991
2024 · €71,792-€6,801
Equity
€156,605
2024 · €292,330-€135,725
Cash
€6,044
2024 · €1,029+€5,015
Balance sheet total
€858,214
2024 · €952,313-€94,099
Largest movements
Assets
- Receivables after one year -€54,500
down €54,500 (-13.6%), from €402,019 to €347,519
- Tangible fixed assets -€36,855
down €36,855 (-9.2%), from €399,861 to €363,006
of which Land and buildings: -€30,186
Equity and liabilities
- Profit (loss) carried forward -€135,010
down €135,010 (-66.8%), from €202,155 to €67,145
- Debts after one year +€45,900
up €45,900 (+11.6%), from €394,850 to €440,750
Income statement
- Financial income -€4,324
down €4,324 (-9.5%), from €45,288 to €40,964
- Gross operating margin -€4,024
down €4,024 (-4.8%), from €83,577 to €79,553
- Depreciation -€2,019
down €2,019 (-5.2%), from €38,874 to €36,855
- Taxes -€913
down €913 (-10.0%), from €9,147 to €8,234
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.
Result 2024
€71,792
Gross operating margin
-€4,024
Depreciation
+€2,019
Other operating charges
-€308
Financial income
-€4,324
Financial charges
+€267
Taxes
+€913
Deferred taxes and other
-€1,344
Result 2025
€64,991
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€166,331
Investment
€0
Financing
-€161,316
Cash 2024
€1,029
From operations (derived)
+€166,331
Net result for the year
+€64,991
Depreciation
+€36,855
Receivables after one year
+€54,500
Receivables within one year
+€7,759
Smaller working-capital items
-€73
Trade debts
+€2,299
Financing
-€161,316
Debts after one year
+€45,900
Current portion of long-term debt
-€6,500
Contributions, distributions and other
-€200,716
Cash 2025
€6,044
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €952,313 | €858,214 | -€94,099 | -9.9% |
| Fixed assets | 21/28 | €512,441 | €475,586 | -€36,855 | -7.2% |
| Tangible fixed assets | 22/27 | €399,861 | €363,006 | -€36,855 | -9.2% |
| Land and buildings | 22 | €367,378 | €337,192 | -€30,186 | -8.2% |
| Plant, machinery and equipment | 23 | €32,483 | €25,814 | -€6,669 | -20.5% |
| Financial fixed assets | 28 | €112,580 | €112,580 | = | 0.0% |
| Current assets | 29/58 | €439,872 | €382,628 | -€57,244 | -13.0% |
| Amounts receivable after more than one year | 29 | €402,019 | €347,519 | -€54,500 | -13.6% |
| Other amounts receivable | 291 | €402,019 | €347,519 | -€54,500 | -13.6% |
| Amounts receivable within one year | 40/41 | €36,824 | €29,065 | -€7,759 | -21.1% |
| Trade receivables | 40 | €33,274 | €25,868 | -€7,406 | -22.3% |
| Other amounts receivable | 41 | €3,550 | €3,197 | -€353 | -9.9% |
| Cash at bank and in hand | 54/58 | €1,029 | €6,044 | +€5,015 | +487% |
| Total equity and liabilities | 10/49 | €952,313 | €858,214 | -€94,099 | -9.9% |
| Equity | 10/15 | €292,330 | €156,605 | -€135,725 | -46.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,860 | €70,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,155 | €67,145 | -€135,010 | -66.8% |
| Investment grants | 15 | €715 | - | -€715 | |
| Provisions and deferred taxes | 16 | €307 | - | -€307 | |
| Deferred taxes | 168 | €307 | - | -€307 | |
| Amounts payable | 17/49 | €659,676 | €701,609 | +€41,933 | +6.4% |
| Amounts payable after more than one year | 17 | €394,850 | €440,750 | +€45,900 | +11.6% |
| Financial debts | 170/4 | €394,850 | €440,750 | +€45,900 | +11.6% |
| Amounts payable within one year | 42/48 | €264,826 | €260,859 | -€3,967 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €26,000 | €19,500 | -€6,500 | -25.0% |
| Trade debts | 44 | €38,826 | €41,125 | +€2,299 | +5.9% |
| Suppliers | 440/4 | €38,826 | €41,125 | +€2,299 | +5.9% |
| Taxes, remuneration and social security | 45 | - | €234 | +€234 | |
| Taxes | 450/3 | - | €234 | +€234 | |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,874 | €36,855 | -€2,019 | -5.2% |
| Other operating charges | 640/8 | €9,936 | €10,244 | +€308 | +3.1% |
| Gross operating margin | 9900 | €83,577 | €79,553 | -€4,024 | -4.8% |
| Operating profit (loss) | 9901 | €34,767 | €32,454 | -€2,313 | -6.7% |
| Financial income | 75/76B | €45,288 | €40,964 | -€4,324 | -9.5% |
| Recurring financial income | 75 | €45,288 | €40,964 | -€4,324 | -9.5% |
| Financial charges | 65/66B | €767 | €500 | -€267 | -34.8% |
| Recurring financial charges | 65 | €767 | €500 | -€267 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €79,288 | €72,918 | -€6,370 | -8.0% |
| Transfer from deferred taxes | 780 | €1,651 | €307 | -€1,344 | -81.4% |
| Income taxes | 67/77 | €9,147 | €8,234 | -€913 | -10.0% |
| Profit (loss) for the period | 9904 | €71,792 | €64,991 | -€6,801 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,792 | €64,991 | -€6,801 | -9.5% |
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 24 October 2026 via checked.be.