Liego: what changed
Two fiscal 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.
Liego
Largest movements
- Receivables within one year +€30,940
up €30,940 (+100.6%), from €30,763 to €61,703
of which Trade receivables: +€34,331
- Tangible fixed assets -€29,834
down €29,834 (-35.7%), from €83,575 to €53,741
of which Leasing and similar rights: -€16,229
- Cash -€15,247
down €15,247 (-41.8%), from €36,492 to €21,245
mainly Receivables within one year (-€30,940) and Debts after one year (-€13,490)
- Deferred charges and accrued income +€2,814
up €2,814 (+144.3%), from €1,949 to €4,763
- Stocks and contracts +€2,045
new in 2025: €2,045
- Debts after one year -€13,490
down €13,490 (-37.0%), from €36,434 to €22,944
- Reserves +€4,085
up €4,085 (+5.3%), from €76,721 to €80,806
- Trade debts -€1,598
down €1,598 (-20.5%), from €7,786 to €6,188
- Gross operating margin +€20,238
up €20,238 (+65.3%), from €30,985 to €51,223
- Write-downs +€12,375
new in 2025: €12,375
- Other operating charges +€8,190
up €8,190 (+2130.3%), from €384 to €8,574
- Financial income +€857
up €857 (+58325.2%), from €1 to €859
- Financial charges -€643
down €643 (-18.9%), from €3,395 to €2,752
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.
Cash bridge derived
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 | €152,779 | €143,496 | -€9,283 | -6.1% |
| Fixed assets | 21/28 | €83,575 | €53,741 | -€29,834 | -35.7% |
| Tangible fixed assets | 22/27 | €83,575 | €53,741 | -€29,834 | -35.7% |
| Plant, machinery and equipment | 23 | €9,121 | €9,408 | +€287 | +3.1% |
| Furniture and vehicles | 24 | €15,557 | €1,665 | -€13,892 | -89.3% |
| Leasing and similar rights | 25 | €58,897 | €42,668 | -€16,229 | -27.6% |
| Current assets | 29/58 | €69,203 | €89,755 | +€20,552 | +29.7% |
| Stocks and contracts in progress | 3 | - | €2,045 | +€2,045 | |
| Stocks | 30/36 | - | €2,045 | +€2,045 | |
| Amounts receivable within one year | 40/41 | €30,763 | €61,703 | +€30,940 | +100.6% |
| Trade receivables | 40 | €23,837 | €58,168 | +€34,331 | +144.0% |
| Other amounts receivable | 41 | €6,926 | €3,535 | -€3,391 | -49.0% |
| Cash at bank and in hand | 54/58 | €36,492 | €21,245 | -€15,247 | -41.8% |
| Deferred charges and accrued income | 490/1 | €1,949 | €4,763 | +€2,814 | +144.3% |
| Total equity and liabilities | 10/49 | €152,779 | €143,496 | -€9,283 | -6.1% |
| Equity | 10/15 | €79,221 | €83,306 | +€4,085 | +5.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €76,721 | €80,806 | +€4,085 | +5.3% |
| Distributable reserves | 133 | €76,721 | €80,806 | +€4,085 | +5.3% |
| Amounts payable | 17/49 | €73,557 | €60,190 | -€13,367 | -18.2% |
| Amounts payable after more than one year | 17 | €36,434 | €22,944 | -€13,490 | -37.0% |
| Financial debts | 170/4 | €36,434 | €22,944 | -€13,490 | -37.0% |
| Amounts payable within one year | 42/48 | €37,124 | €37,247 | +€123 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €12,765 | €13,490 | +€725 | +5.7% |
| Trade debts | 44 | €7,786 | €6,188 | -€1,598 | -20.5% |
| Suppliers | 440/4 | €7,786 | €6,188 | -€1,598 | -20.5% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,000 | = | 0.0% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €13,573 | €14,568 | +€995 | +7.3% |
| Non-recurring operating income | 76A | €923 | €2,376 | +€1,454 | +157.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,563 | €22,555 | -€8 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,375 | +€12,375 | |
| Other operating charges | 640/8 | €384 | €8,574 | +€8,190 | +2130.3% |
| Non-recurring operating charges | 66A | - | €196 | +€196 | |
| Gross operating margin | 9900 | €30,985 | €51,223 | +€20,238 | +65.3% |
| Operating profit (loss) | 9901 | €8,038 | €7,523 | -€515 | -6.4% |
| Financial income | 75/76B | €1 | €859 | +€857 | +58325.2% |
| Recurring financial income | 75 | €1 | €859 | +€857 | +58325.2% |
| Financial charges | 65/66B | €3,395 | €2,752 | -€643 | -18.9% |
| Recurring financial charges | 65 | €3,395 | €2,752 | -€643 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €4,644 | €5,629 | +€985 | +21.2% |
| Income taxes | 67/77 | €1,376 | €1,544 | +€168 | +12.2% |
| Profit (loss) for the period | 9904 | €3,268 | €4,085 | +€817 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,268 | €4,085 | +€817 | +25.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.