LIEKENS: 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
LIEKENS
NACE 37.000, Sewerage
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€66,702
2024 · €451,298-€384,596
Equity
€2.0m
2024 · €5.4m-€3.3m
Cash
€271,892
2024 · €153,396+€118,496
Balance sheet total
€8.6m
2024 · €8.2m+€416,460
Largest movements
Assets
- Receivables within one year +€657,950
up €657,950 (+16.9%), from €3.9m to €4.5m
of which Other amounts receivable: +€546,326
- Tangible fixed assets -€220,654
down €220,654 (-6.8%), from €3.3m to €3.0m
of which Plant, machinery and equipment: -€339,833
- Intangible fixed assets -€130,419
down €130,419 (-20.1%), from €650,094 to €519,675
- Cash +€118,496
up €118,496 (+77.2%), from €153,396 to €271,892
mainly Other debts (+€3.4m) and Depreciation (+€1.4m)
Equity and liabilities
- Other debts +€3.4m
new in 2025: €3.4m
- Profit (loss) carried forward -€2.1m
no longer reported in 2025 (was €2.1m)
- Reserves -€1.3m
down €1.3m (-39.3%), from €3.2m to €2.0m
of which Distributable reserves: -€1.3m
- Debts after one year +€364,058
up €364,058 (+40.2%), from €904,531 to €1.3m
- Current portion of long-term debt -€111,318
down €111,318 (-16.8%), from €662,050 to €550,732
Income statement
- Staff costs +€812,409
up €812,409 (+21.2%), from €3.8m to €4.6m
- Services and other goods +€384,206
up €384,206 (+10.0%), from €3.8m to €4.2m
- Turnover +€368,426
up €368,426 (+3.4%), from €11.0m to €11.3m
- Goods and materials -€350,461
down €350,461 (-23.6%), from €1.5m to €1.1m
of which Purchases: -€329,612
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
€451,298
Turnover
+€368,426
Other operating income
+€3,803
Goods and materials
+€350,461
Services and other goods
-€384,206
Staff costs
-€812,409
Depreciation
-€49,145
Write-downs
-€30,933
Other operating charges
+€13,157
Other operating items
+€250
Financial income
-€4,637
Financial charges
+€78,183
Taxes
+€82,454
Result 2025
€66,702
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.
From operations
+€4.3m
Investment
-€1.1m
Financing
-€3.1m
Cash 2024
€153,396
From operations (derived)
+€4.3m
Net result for the year
+€66,702
Depreciation
+€1.4m
Stocks and contracts
+€9,796
Receivables within one year
-€657,950
Smaller working-capital items
-€5,962
Trade debts
+€31,760
Tax, wage and social debts
+€66,379
Other debts
+€3.4m
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€3.1m
Debts after one year
+€364,058
Current portion of long-term debt
-€111,318
Contributions, distributions and other
-€3.4m
Cash 2025
€271,892
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,161,538 | €8,577,998 | +€416,460 | +5.1% |
| Fixed assets | 21/28 | €3,919,759 | €3,564,727 | -€355,032 | -9.1% |
| Intangible fixed assets | 21 | €650,094 | €519,675 | -€130,419 | -20.1% |
| Tangible fixed assets | 22/27 | €3,252,925 | €3,032,271 | -€220,654 | -6.8% |
| Land and buildings | 22 | €12,409 | €10,113 | -€2,297 | -18.5% |
| Plant, machinery and equipment | 23 | €1,702,082 | €1,362,249 | -€339,833 | -20.0% |
| Furniture and vehicles | 24 | €168,765 | €225,207 | +€56,442 | +33.4% |
| Leasing and similar rights | 25 | €950,587 | €1,076,771 | +€126,185 | +13.3% |
| Other tangible fixed assets | 26 | €419,082 | €357,933 | -€61,150 | -14.6% |
| Financial fixed assets | 28 | €16,740 | €12,780 | -€3,960 | -23.7% |
| Other financial fixed assets | 284/8 | €16,740 | €12,780 | -€3,960 | -23.7% |
| Amounts receivable and cash guarantees | 285/8 | €16,740 | €12,780 | -€3,960 | -23.7% |
| Current assets | 29/58 | €4,241,779 | €5,013,271 | +€771,492 | +18.2% |
| Stocks and contracts in progress | 3 | €96,124 | €86,328 | -€9,796 | -10.2% |
| Stocks | 30/36 | €96,124 | €86,328 | -€9,796 | -10.2% |
| Goods purchased for resale | 34 | €96,124 | €86,328 | -€9,796 | -10.2% |
| Amounts receivable within one year | 40/41 | €3,889,001 | €4,546,951 | +€657,950 | +16.9% |
| Trade receivables | 40 | €1,770,540 | €1,882,165 | +€111,625 | +6.3% |
| Other amounts receivable | 41 | €2,118,460 | €2,664,786 | +€546,326 | +25.8% |
| Cash at bank and in hand | 54/58 | €153,396 | €271,892 | +€118,496 | +77.2% |
| Deferred charges and accrued income | 490/1 | €103,258 | €108,100 | +€4,841 | +4.7% |
| Total equity and liabilities | 10/49 | €8,161,538 | €8,577,998 | +€416,460 | +5.1% |
| Equity | 10/15 | €5,354,496 | €2,021,198 | -€3.3m | -62.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,229,013 | €1,959,198 | -€1.3m | -39.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,222,813 | €1,952,998 | -€1.3m | -39.4% |
| Profit (loss) carried forward | 14 | €2,063,482 | - | -€2.1m | |
| Amounts payable | 17/49 | €2,807,042 | €6,556,800 | +€3.7m | +133.6% |
| Amounts payable after more than one year | 17 | €904,531 | €1,268,589 | +€364,058 | +40.2% |
| Financial debts | 170/4 | €904,531 | €1,268,589 | +€364,058 | +40.2% |
| Leasing and similar obligations | 172 | €625,881 | €735,128 | +€109,246 | +17.5% |
| Credit institutions | 173 | €278,650 | €533,462 | +€254,812 | +91.4% |
| Amounts payable within one year | 42/48 | €1,867,190 | €5,254,011 | +€3.4m | +181.4% |
| Current portion of amounts payable after more than one year | 42 | €662,050 | €550,732 | -€111,318 | -16.8% |
| Trade debts | 44 | €662,825 | €694,585 | +€31,760 | +4.8% |
| Suppliers | 440/4 | €662,825 | €694,585 | +€31,760 | +4.8% |
| Taxes, remuneration and social security | 45 | €542,315 | €608,694 | +€66,379 | +12.2% |
| Taxes | 450/3 | €93,231 | €102,426 | +€9,196 | +9.9% |
| Remuneration and social security | 454/9 | €449,085 | €506,268 | +€57,183 | +12.7% |
| Other amounts payable | 47/48 | - | €3,400,000 | +€3.4m | |
| Accrued charges and deferred income | 492/3 | €35,321 | €34,200 | -€1,121 | -3.2% |
| Operating income | 70/76A | €11,256,431 | €11,645,034 | +€388,603 | +3.5% |
| Turnover | 70 | €10,964,195 | €11,332,621 | +€368,426 | +3.4% |
| Other operating income | 74 | €248,666 | €252,469 | +€3,803 | +1.5% |
| Non-recurring operating income | 76A | €43,569 | €59,943 | +€16,373 | +37.6% |
| Operating charges | 60/66A | €10,578,409 | €11,507,607 | +€929,198 | +8.8% |
| Goods for resale, raw materials and consumables | 60 | €1,487,243 | €1,136,783 | -€350,461 | -23.6% |
| Purchases | 600/8 | €1,456,599 | €1,126,987 | -€329,612 | -22.6% |
| Change in stocks: decrease (increase) | 609 | €30,645 | €9,796 | -€20,849 | -68.0% |
| Services and other goods | 61 | €3,833,022 | €4,217,228 | +€384,206 | +10.0% |
| Remuneration, social security and pensions | 62 | €3,831,605 | €4,644,014 | +€812,409 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,371,586 | €1,420,731 | +€49,145 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,931 | €11,002 | +€30,933 | |
| Other operating charges | 640/8 | €72,633 | €59,476 | -€13,157 | -18.1% |
| Non-recurring operating charges | 66A | €2,250 | €18,373 | +€16,123 | +716.6% |
| Operating profit (loss) | 9901 | €678,022 | €137,426 | -€540,596 | -79.7% |
| Financial income | 75/76B | €65,976 | €61,339 | -€4,637 | -7.0% |
| Recurring financial income | 75 | €65,976 | €61,339 | -€4,637 | -7.0% |
| Income from current assets | 751 | €54,348 | €46,434 | -€7,914 | -14.6% |
| Other financial income | 752/9 | €11,628 | €14,905 | +€3,277 | +28.2% |
| Financial charges | 65/66B | €124,950 | €46,767 | -€78,183 | -62.6% |
| Recurring financial charges | 65 | €124,950 | €46,767 | -€78,183 | -62.6% |
| Debt charges | 650 | €124,950 | - | -€124,950 | |
| Other financial charges | 652/9 | - | €46,767 | +€46,767 | |
| Profit (loss) for the period before taxes | 9903 | €619,048 | €151,998 | -€467,050 | -75.4% |
| Income taxes | 67/77 | €167,750 | €85,296 | -€82,454 | -49.2% |
| Taxes | 670/3 | €169,272 | €86,500 | -€82,772 | -48.9% |
| Tax adjustments and reversals of tax provisions | 77 | €1,522 | €1,204 | -€318 | -20.9% |
| Profit (loss) for the period | 9904 | €451,298 | €66,702 | -€384,596 | -85.2% |
| Transfer from tax-exempt reserves | 789 | €336,800 | - | -€336,800 | |
| Transfer to tax-exempt reserves | 689 | €336,800 | - | -€336,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €451,298 | €66,702 | -€384,596 | -85.2% |
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 11 October 2026 via checked.be.