LIEMAR: 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.
LIEMAR
Largest movements
- Financial fixed assets +€450,000
new in 2025: €450,000
- Cash +€16,517
up €16,517 (+123%), from €13,459 to €29,977
mainly Debts after one year (+€376,238) and Current portion of long-term debt (+€45,641)
- Debts after one year +€376,238
new in 2025: €376,238
- Current portion of long-term debt +€45,641
new in 2025: €45,641
- Other debts +€24,000
new in 2025: €24,000
- Reserves +€15,611
new in 2025: €15,611
- Purchases and services +€50,859
up €50,859 (+3,032%), from €1,677 to €52,536
- Gross operating margin +€41,445
up €41,445, from -€1,677 to €39,768
- Financial charges +€18,971
up €18,971 (+151,769%), from €13 to €18,984
- Staff costs +€3,424
new in 2025: €3,424
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 | €13,698 | €481,167 | +€467,469 | +3,413% |
| Fixed assets | 21/28 | - | €450,857 | +€450,857 | |
| Tangible fixed assets | 22/27 | - | €857 | +€857 | |
| Furniture and vehicles | 24 | - | €857 | +€857 | |
| Financial fixed assets | 28 | - | €450,000 | +€450,000 | |
| Current assets | 29/58 | €13,698 | €30,310 | +€16,613 | +121% |
| Amounts receivable within one year | 40/41 | €238 | €334 | +€95 | +40.1% |
| Other amounts receivable | 41 | €238 | €334 | +€95 | +40.1% |
| Cash at bank and in hand | 54/58 | €13,459 | €29,977 | +€16,517 | +123% |
| Total equity and liabilities | 10/49 | €13,698 | €481,167 | +€467,469 | +3,413% |
| Equity | 10/15 | €13,310 | €30,611 | +€17,301 | +130% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €15,611 | +€15,611 | |
| Distributable reserves | 133 | - | €15,611 | +€15,611 | |
| Profit (loss) carried forward | 14 | -€1,690 | - | +€1,690 | |
| Amounts payable | 17/49 | €387 | €450,556 | +€450,169 | +116,221% |
| Amounts payable after more than one year | 17 | - | €376,238 | +€376,238 | |
| Financial debts | 170/4 | - | €376,238 | +€376,238 | |
| Amounts payable within one year | 42/48 | €387 | €74,318 | +€73,931 | +19,087% |
| Current portion of amounts payable after more than one year | 42 | - | €45,641 | +€45,641 | |
| Trade debts | 44 | €387 | €2,553 | +€2,166 | +559% |
| Suppliers | 440/4 | €387 | €2,553 | +€2,166 | +559% |
| Taxes, remuneration and social security | 45 | - | €2,124 | +€2,124 | |
| Taxes | 450/3 | - | €2,124 | +€2,124 | |
| Other amounts payable | 47/48 | - | €24,000 | +€24,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,677 | €52,536 | +€50,859 | +3,032% |
| Remuneration, social security and pensions | 62 | - | €3,424 | +€3,424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €60 | +€60 | |
| Gross operating margin | 9900 | -€1,677 | €39,768 | +€41,445 | |
| Operating profit (loss) | 9901 | -€1,677 | €36,284 | +€37,961 | |
| Financial charges | 65/66B | €13 | €18,984 | +€18,971 | +151,769% |
| Recurring financial charges | 65 | €13 | €18,984 | +€18,971 | +151,769% |
| Profit (loss) for the period before taxes | 9903 | -€1,690 | €17,301 | +€18,990 | |
| Profit (loss) for the period | 9904 | -€1,690 | €17,301 | +€18,990 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,690 | €17,301 | +€18,990 |
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 19 October 2026 via checked.be.