LIEMAUDRIAN: 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.
LIEMAUDRIAN
Largest movements
- Receivables within one year +€26,244
new in 2025: €26,244
of which Trade receivables: +€23,537
- Cash -€17,217
down €17,217 (-76.1%), from €22,633 to €5,416
mainly Receivables within one year (-€26,244) and Other debts (-€12,008)
- Intangible fixed assets -€9,703
down €9,703 (-20.3%), from €47,721 to €38,017
- Deferred charges and accrued income +€6,465
new in 2025: €6,465
- Tangible fixed assets +€1,549
up €1,549 (+102%), from €1,522 to €3,071
of which Plant, machinery and equipment: +€1,746
- Advances received +€25,827
new in 2025: €25,827
- Other debts -€12,008
down €12,008 (-92.9%), from €12,926 to €918
- Debts after one year -€11,334
no longer reported in 2025 (was €11,334)
- Tax, wage and social debts +€3,782
up €3,782 (+89.0%), from €4,249 to €8,031
of which Remuneration and social security: +€7,404
- Profit (loss) carried forward +€1,275
up €1,275 (+6.4%), from €19,938 to €21,213
- Turnover -€148,265
no longer reported in 2025 (was €148,265)
- Purchases and services -€119,296
no longer reported in 2025 (was €119,296)
- Staff costs +€7,021
up €7,021 (+43.4%), from €16,174 to €23,195
- Gross operating margin +€1,862
up €1,862 (+4.9%), from €37,669 to €39,531
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 | €73,998 | €81,483 | +€7,485 | +10.1% |
| Fixed assets | 21/28 | €49,243 | €41,089 | -€8,154 | -16.6% |
| Intangible fixed assets | 21 | €47,721 | €38,017 | -€9,703 | -20.3% |
| Tangible fixed assets | 22/27 | €1,522 | €3,071 | +€1,549 | +102% |
| Plant, machinery and equipment | 23 | €1,140 | €2,886 | +€1,746 | +153% |
| Furniture and vehicles | 24 | €383 | €186 | -€197 | -51.4% |
| Current assets | 29/58 | €24,756 | €40,395 | +€15,639 | +63.2% |
| Stocks and contracts in progress | 3 | €2,123 | €2,270 | +€147 | +6.9% |
| Stocks | 30/36 | €2,123 | €2,270 | +€147 | +6.9% |
| Amounts receivable within one year | 40/41 | - | €26,244 | +€26,244 | |
| Trade receivables | 40 | - | €23,537 | +€23,537 | |
| Other amounts receivable | 41 | - | €2,707 | +€2,707 | |
| Cash at bank and in hand | 54/58 | €22,633 | €5,416 | -€17,217 | -76.1% |
| Deferred charges and accrued income | 490/1 | - | €6,465 | +€6,465 | |
| Total equity and liabilities | 10/49 | €73,998 | €81,483 | +€7,485 | +10.1% |
| Equity | 10/15 | €29,938 | €31,213 | +€1,275 | +4.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,938 | €21,213 | +€1,275 | +6.4% |
| Amounts payable | 17/49 | €44,060 | €50,270 | +€6,210 | +14.1% |
| Amounts payable after more than one year | 17 | €11,334 | - | -€11,334 | |
| Financial debts | 170/4 | €11,334 | - | -€11,334 | |
| Amounts payable within one year | 42/48 | €32,363 | €50,270 | +€17,907 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €12,097 | €11,596 | -€501 | -4.1% |
| Trade debts | 44 | €3,092 | €3,899 | +€807 | +26.1% |
| Suppliers | 440/4 | €3,092 | €3,899 | +€807 | +26.1% |
| Advances received on contracts in progress | 46 | - | €25,827 | +€25,827 | |
| Taxes, remuneration and social security | 45 | €4,249 | €8,031 | +€3,782 | +89.0% |
| Taxes | 450/3 | €4,113 | €491 | -€3,622 | -88.1% |
| Remuneration and social security | 454/9 | €136 | €7,539 | +€7,404 | +5,463% |
| Other amounts payable | 47/48 | €12,926 | €918 | -€12,008 | -92.9% |
| Accrued charges and deferred income | 492/3 | €363 | - | -€363 | |
| Turnover | 70 | €148,265 | - | -€148,265 | |
| Non-recurring operating income | 76A | €8,700 | - | -€8,700 | |
| Goods, raw materials, services and sundry goods | 60/61 | €119,296 | - | -€119,296 | |
| Remuneration, social security and pensions | 62 | €16,174 | €23,195 | +€7,021 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,167 | €10,188 | +€21 | +0.2% |
| Other operating charges | 640/8 | €958 | €2,162 | +€1,204 | +126% |
| Gross operating margin | 9900 | €37,669 | €39,531 | +€1,862 | +4.9% |
| Operating profit (loss) | 9901 | €10,370 | €3,986 | -€6,384 | -61.6% |
| Financial income | 75/76B | €946 | €31 | -€915 | -96.7% |
| Recurring financial income | 75 | €946 | €31 | -€915 | -96.7% |
| Financial charges | 65/66B | €3,445 | €2,742 | -€703 | -20.4% |
| Recurring financial charges | 65 | €3,445 | €2,742 | -€703 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €7,871 | €1,275 | -€6,596 | -83.8% |
| Profit (loss) for the period | 9904 | €7,871 | €1,275 | -€6,596 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,871 | €1,275 | -€6,596 | -83.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.