LIEN 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.
LIEN CONSULT
Largest movements
- Stocks and contracts +€128,534
new in 2025: €128,534
- Cash -€64,820
down €64,820 (-60.6%), from €107,007 to €42,187
mainly Stocks and contracts (-€128,534) and Tax, wage and social debts (-€21,236)
- Tangible fixed assets -€26,855
down €26,855 (-53.1%), from €50,555 to €23,700
of which Furniture and vehicles: -€23,823
- Receivables within one year +€6,844
up €6,844 (+17.7%), from €38,597 to €45,441
of which Trade receivables: +€4,501
- Debts after one year +€47,419
up €47,419 (+153%), from €30,925 to €78,344
- Tax, wage and social debts -€21,236
down €21,236 (-77.8%), from €27,288 to €6,053
of which Remuneration and social security: -€11,458
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Reserves +€5,747
up €5,747 (+9.1%), from €63,432 to €69,179
- Other debts -€3,973
down €3,973 (-10.8%), from €36,894 to €32,921
- Financial charges +€2,004
up €2,004 (+87.1%), from €2,301 to €4,304
- Gross operating margin -€1,210
down €1,210 (-2.1%), from €58,368 to €57,158
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 | €198,941 | €240,745 | +€41,804 | +21.0% |
| Fixed assets | 21/28 | €50,735 | €23,880 | -€26,855 | -52.9% |
| Tangible fixed assets | 22/27 | €50,555 | €23,700 | -€26,855 | -53.1% |
| Land and buildings | 22 | €5,082 | €3,840 | -€1,242 | -24.4% |
| Plant, machinery and equipment | 23 | €5,670 | €3,880 | -€1,790 | -31.6% |
| Furniture and vehicles | 24 | €39,803 | €15,980 | -€23,823 | -59.9% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €148,206 | €216,865 | +€68,659 | +46.3% |
| Stocks and contracts in progress | 3 | - | €128,534 | +€128,534 | |
| Stocks | 30/36 | - | €128,534 | +€128,534 | |
| Amounts receivable within one year | 40/41 | €38,597 | €45,441 | +€6,844 | +17.7% |
| Trade receivables | 40 | €25,722 | €30,223 | +€4,501 | +17.5% |
| Other amounts receivable | 41 | €12,876 | €15,218 | +€2,342 | +18.2% |
| Cash at bank and in hand | 54/58 | €107,007 | €42,187 | -€64,820 | -60.6% |
| Deferred charges and accrued income | 490/1 | €2,602 | €703 | -€1,898 | -73.0% |
| Total equity and liabilities | 10/49 | €198,941 | €240,745 | +€41,804 | +21.0% |
| Equity | 10/15 | €70,013 | €87,779 | +€17,766 | +25.4% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €63,432 | €69,179 | +€5,747 | +9.1% |
| Distributable reserves | 133 | €63,432 | €69,179 | +€5,747 | +9.1% |
| Profit (loss) carried forward | 14 | €381 | - | -€381 | |
| Amounts payable | 17/49 | €128,928 | €152,966 | +€24,038 | +18.6% |
| Amounts payable after more than one year | 17 | €30,925 | €78,344 | +€47,419 | +153% |
| Financial debts | 170/4 | €30,925 | €78,344 | +€47,419 | +153% |
| Amounts payable within one year | 42/48 | €98,003 | €74,622 | -€23,381 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €11,557 | €12,012 | +€456 | +3.9% |
| Trade debts | 44 | €22,264 | €23,636 | +€1,372 | +6.2% |
| Suppliers | 440/4 | €22,264 | €23,636 | +€1,372 | +6.2% |
| Taxes, remuneration and social security | 45 | €27,288 | €6,053 | -€21,236 | -77.8% |
| Taxes | 450/3 | €15,831 | €6,053 | -€9,778 | -61.8% |
| Remuneration and social security | 454/9 | €11,458 | - | -€11,458 | |
| Other amounts payable | 47/48 | €36,894 | €32,921 | -€3,973 | -10.8% |
| Remuneration, social security and pensions | 62 | €2,024 | €2,029 | +€5 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,029 | €27,516 | +€487 | +1.8% |
| Other operating charges | 640/8 | €1,466 | €934 | -€532 | -36.3% |
| Gross operating margin | 9900 | €58,368 | €57,158 | -€1,210 | -2.1% |
| Operating profit (loss) | 9901 | €27,850 | €26,678 | -€1,171 | -4.2% |
| Financial income | 75/76B | €30 | €185 | +€154 | +507% |
| Recurring financial income | 75 | €30 | €185 | +€154 | +507% |
| Financial charges | 65/66B | €2,301 | €4,304 | +€2,004 | +87.1% |
| Recurring financial charges | 65 | €2,301 | €4,304 | +€2,004 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | €25,579 | €22,559 | -€3,021 | -11.8% |
| Income taxes | 67/77 | €7,130 | €6,749 | -€381 | -5.3% |
| Profit (loss) for the period | 9904 | €18,450 | €15,810 | -€2,640 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,450 | €15,810 | -€2,640 | -14.3% |
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 15 October 2026 via checked.be.