LIEMO: 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.
LIEMO
Largest movements
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Cash +€188,495
up €188,495 (+48.4%), from €389,533 to €578,028
mainly Current investments (+€250,000) and Net result for the year (+€72,837)
- Receivables within one year +€105,187
up €105,187 (+2896.6%), from €3,631 to €108,818
of which Other amounts receivable: +€105,243
- Tangible fixed assets +€33,010
up €33,010 (+3.6%), from €907,941 to €940,950
- Profit (loss) carried forward +€72,837
up €72,837 (+13.2%), from €552,504 to €625,340
- Gross operating margin -€20,095
down €20,095 (-10.6%), from €190,048 to €169,952
- Taxes -€15,348
down €15,348 (-47.2%), from €32,518 to €17,170
- Financial income -€5,668
down €5,668 (-68.4%), from €8,289 to €2,621
- Other operating charges -€2,231
down €2,231 (-7.4%), from €30,164 to €27,934
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 | €1,551,875 | €1,627,797 | +€75,921 | +4.9% |
| Fixed assets | 21/28 | €907,941 | €940,950 | +€33,010 | +3.6% |
| Tangible fixed assets | 22/27 | €907,941 | €940,950 | +€33,010 | +3.6% |
| Land and buildings | 22 | €907,941 | €940,950 | +€33,010 | +3.6% |
| Current assets | 29/58 | €643,935 | €686,846 | +€42,912 | +6.7% |
| Amounts receivable within one year | 40/41 | €3,631 | €108,818 | +€105,187 | +2896.6% |
| Trade receivables | 40 | €75 | €18 | -€56 | -75.7% |
| Other amounts receivable | 41 | €3,557 | €108,800 | +€105,243 | +2958.9% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €389,533 | €578,028 | +€188,495 | +48.4% |
| Deferred charges and accrued income | 490/1 | €771 | €0 | -€771 | -100.0% |
| Total equity and liabilities | 10/49 | €1,551,875 | €1,627,797 | +€75,921 | +4.9% |
| Equity | 10/15 | €1,534,914 | €1,607,751 | +€72,837 | +4.7% |
| Contributions | 10/11 | €605,000 | €605,000 | = | 0.0% |
| Capital | 10 | €605,000 | €605,000 | = | 0.0% |
| Issued capital | 100 | €605,000 | €605,000 | = | 0.0% |
| Reserves | 13 | €377,411 | €377,411 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,500 | €60,500 | = | 0.0% |
| Legal reserve | 130 | €60,500 | €60,500 | = | 0.0% |
| Distributable reserves | 133 | €316,911 | €316,911 | = | 0.0% |
| Profit (loss) carried forward | 14 | €552,504 | €625,340 | +€72,837 | +13.2% |
| Amounts payable | 17/49 | €16,961 | €20,046 | +€3,085 | +18.2% |
| Amounts payable within one year | 42/48 | €16,961 | €20,046 | +€3,085 | +18.2% |
| Trade debts | 44 | €968 | €3,051 | +€2,083 | +215.3% |
| Suppliers | 440/4 | €968 | €3,051 | +€2,083 | +215.3% |
| Taxes, remuneration and social security | 45 | €15,994 | €16,995 | +€1,001 | +6.3% |
| Taxes | 450/3 | €15,994 | €16,995 | +€1,001 | +6.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,821 | €53,921 | +€1,100 | +2.1% |
| Other operating charges | 640/8 | €30,164 | €27,934 | -€2,231 | -7.4% |
| Gross operating margin | 9900 | €190,048 | €169,952 | -€20,095 | -10.6% |
| Operating profit (loss) | 9901 | €107,062 | €88,098 | -€18,965 | -17.7% |
| Financial income | 75/76B | €8,289 | €2,621 | -€5,668 | -68.4% |
| Recurring financial income | 75 | €8,289 | €2,621 | -€5,668 | -68.4% |
| Financial charges | 65/66B | €722 | €713 | -€9 | -1.3% |
| Recurring financial charges | 65 | €722 | €713 | -€9 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €114,629 | €90,007 | -€24,623 | -21.5% |
| Income taxes | 67/77 | €32,518 | €17,170 | -€15,348 | -47.2% |
| Profit (loss) for the period | 9904 | €82,112 | €72,837 | -€9,275 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,112 | €72,837 | -€9,275 | -11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.