LIEMAR CONSULT: 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 CONSULT
Largest movements
- Receivables after one year -€91,750
no longer reported in 2025 (was €91,750)
- Cash -€16,836
down €16,836 (-25.7%), from €65,461 to €48,625
mainly Other debts (-€88,005) and Contributions, distributions and other (-€70,000)
- Tangible fixed assets +€15,855
up €15,855 (+277%), from €5,718 to €21,573
- Receivables within one year +€5,094
up €5,094 (+140%), from €3,630 to €8,724
of which Other amounts receivable: +€5,094
- Other debts -€88,005
down €88,005 (-88.0%), from €100,000 to €11,995
- Reserves +€22,879
up €22,879 (+1,090%), from €2,098 to €24,978
- Current portion of long-term debt -€16,350
down €16,350 (-45.9%), from €35,654 to €19,304
- Tax, wage and social debts -€12,434
down €12,434 (-88.5%), from €14,049 to €1,615
- Accrued charges and deferred income +€6,942
new in 2025: €6,942
- Gross operating margin -€7,140
down €7,140 (-5.2%), from €136,805 to €129,665
- Depreciation +€2,367
up €2,367 (+45.6%), from €5,193 to €7,561
- Taxes -€2,225
down €2,225 (-7.8%), from €28,615 to €26,390
- Financial charges -€1,845
down €1,845 (-45.2%), from €4,087 to €2,241
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 | €166,560 | €79,375 | -€87,185 | -52.3% |
| Fixed assets | 21/28 | €5,718 | €21,573 | +€15,855 | +277% |
| Tangible fixed assets | 22/27 | €5,718 | €21,573 | +€15,855 | +277% |
| Furniture and vehicles | 24 | €5,718 | €21,573 | +€15,855 | +277% |
| Current assets | 29/58 | €160,841 | €57,801 | -€103,040 | -64.1% |
| Amounts receivable after more than one year | 29 | €91,750 | - | -€91,750 | |
| Other amounts receivable | 291 | €91,750 | - | -€91,750 | |
| Amounts receivable within one year | 40/41 | €3,630 | €8,724 | +€5,094 | +140% |
| Trade receivables | 40 | €3,630 | €3,630 | = | 0.0% |
| Other amounts receivable | 41 | - | €5,094 | +€5,094 | |
| Cash at bank and in hand | 54/58 | €65,461 | €48,625 | -€16,836 | -25.7% |
| Deferred charges and accrued income | 490/1 | - | €452 | +€452 | |
| Total equity and liabilities | 10/49 | €166,560 | €79,375 | -€87,185 | -52.3% |
| Equity | 10/15 | €4,598 | €27,478 | +€22,879 | +498% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €2,098 | €24,978 | +€22,879 | +1,090% |
| Distributable reserves | 133 | €2,098 | €24,978 | +€22,879 | +1,090% |
| Amounts payable | 17/49 | €161,961 | €51,897 | -€110,064 | -68.0% |
| Amounts payable after more than one year | 17 | €11,917 | €11,021 | -€896 | -7.5% |
| Financial debts | 170/4 | €11,917 | €11,021 | -€896 | -7.5% |
| Amounts payable within one year | 42/48 | €150,044 | €33,933 | -€116,111 | -77.4% |
| Current portion of amounts payable after more than one year | 42 | €35,654 | €19,304 | -€16,350 | -45.9% |
| Trade debts | 44 | €341 | €1,019 | +€678 | +199% |
| Suppliers | 440/4 | €341 | €1,019 | +€678 | +199% |
| Taxes, remuneration and social security | 45 | €14,049 | €1,615 | -€12,434 | -88.5% |
| Taxes | 450/3 | €14,049 | €1,615 | -€12,434 | -88.5% |
| Other amounts payable | 47/48 | €100,000 | €11,995 | -€88,005 | -88.0% |
| Accrued charges and deferred income | 492/3 | - | €6,942 | +€6,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,193 | €7,561 | +€2,367 | +45.6% |
| Other operating charges | 640/8 | €607 | €593 | -€14 | -2.3% |
| Gross operating margin | 9900 | €136,805 | €129,665 | -€7,140 | -5.2% |
| Operating profit (loss) | 9901 | €131,004 | €121,511 | -€9,494 | -7.2% |
| Financial charges | 65/66B | €4,087 | €2,241 | -€1,845 | -45.2% |
| Recurring financial charges | 65 | €4,087 | €2,241 | -€1,845 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €126,918 | €119,269 | -€7,648 | -6.0% |
| Income taxes | 67/77 | €28,615 | €26,390 | -€2,225 | -7.8% |
| Profit (loss) for the period | 9904 | €98,303 | €92,879 | -€5,423 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €98,303 | €92,879 | -€5,423 | -5.5% |
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 25 October 2026 via checked.be.