LIENCE: 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.
LIENCE
Largest movements
- Receivables within one year +€3,076
up €3,076 (+91.5%), from €3,361 to €6,438
of which Trade receivables: +€3,078
- Current investments -€2,532
down €2,532 (-43.4%), from €5,839 to €3,306
- Tangible fixed assets -€1,104
down €1,104 (-9.1%), from €12,182 to €11,078
of which Plant, machinery and equipment: -€1,981
- Cash -€796
down €796 (-49.7%), from €1,602 to €807
mainly Net result for the year (-€6,394) and Receivables within one year (-€3,076)
- Stocks and contracts -€437
down €437 (-7.2%), from €6,100 to €5,663
- Profit (loss) carried forward -€6,394
down €6,394 (-52.0%), from -€12,284 to -€18,678
- Other debts +€3,889
up €3,889 (+23.6%), from €16,500 to €20,389
- Tax, wage and social debts +€2,032
up €2,032 (+750.3%), from €271 to €2,303
of which Taxes: +€2,027
- Short-term financial debts -€792
down €792 (-73.2%), from €1,082 to €289
- Gross operating margin +€1,736
up €1,736 (+76.6%), from -€2,266 to -€530
- Financial charges -€159
down €159 (-12.6%), from €1,263 to €1,104
- Depreciation +€55
up €55 (+1.5%), from €3,621 to €3,676
- Other operating charges +€35
up €35 (+3.6%), from €983 to €1,018
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 | €31,265 | €29,801 | -€1,464 | -4.7% |
| Fixed assets | 21/28 | €12,253 | €11,149 | -€1,104 | -9.0% |
| Tangible fixed assets | 22/27 | €12,182 | €11,078 | -€1,104 | -9.1% |
| Plant, machinery and equipment | 23 | €7,677 | €5,696 | -€1,981 | -25.8% |
| Furniture and vehicles | 24 | €4,505 | €5,382 | +€877 | +19.5% |
| Financial fixed assets | 28 | €71 | €71 | = | 0.0% |
| Current assets | 29/58 | €19,011 | €18,652 | -€360 | -1.9% |
| Stocks and contracts in progress | 3 | €6,100 | €5,663 | -€437 | -7.2% |
| Stocks | 30/36 | €6,100 | €5,663 | -€437 | -7.2% |
| Amounts receivable within one year | 40/41 | €3,361 | €6,438 | +€3,076 | +91.5% |
| Trade receivables | 40 | €3,020 | €6,098 | +€3,078 | +101.9% |
| Other amounts receivable | 41 | €341 | €340 | -€1 | -0.4% |
| Current investments | 50/53 | €5,839 | €3,306 | -€2,532 | -43.4% |
| Cash at bank and in hand | 54/58 | €1,602 | €807 | -€796 | -49.7% |
| Deferred charges and accrued income | 490/1 | €2,110 | €2,438 | +€329 | +15.6% |
| Total equity and liabilities | 10/49 | €31,265 | €29,801 | -€1,464 | -4.7% |
| Equity | 10/15 | €10,802 | €4,408 | -€6,394 | -59.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,486 | €4,486 | = | 0.0% |
| Distributable reserves | 133 | €4,486 | €4,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,284 | -€18,678 | -€6,394 | -52.0% |
| Amounts payable | 17/49 | €20,463 | €25,393 | +€4,930 | +24.1% |
| Amounts payable within one year | 42/48 | €20,463 | €25,393 | +€4,930 | +24.1% |
| Financial debts | 43 | €1,082 | €289 | -€792 | -73.2% |
| Credit institutions | 430/8 | €1,082 | €289 | -€792 | -73.2% |
| Trade debts | 44 | €2,610 | €2,411 | -€199 | -7.6% |
| Suppliers | 440/4 | €2,610 | €2,411 | -€199 | -7.6% |
| Taxes, remuneration and social security | 45 | €271 | €2,303 | +€2,032 | +750.3% |
| Taxes | 450/3 | €168 | €2,196 | +€2,027 | +1204.3% |
| Remuneration and social security | 454/9 | €103 | €107 | +€5 | +4.8% |
| Other amounts payable | 47/48 | €16,500 | €20,389 | +€3,889 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,621 | €3,676 | +€55 | +1.5% |
| Other operating charges | 640/8 | €983 | €1,018 | +€35 | +3.6% |
| Gross operating margin | 9900 | -€2,266 | -€530 | +€1,736 | +76.6% |
| Operating profit (loss) | 9901 | -€6,871 | -€5,224 | +€1,647 | +24.0% |
| Financial income | 75/76B | €97 | €75 | -€22 | -22.9% |
| Recurring financial income | 75 | €97 | €75 | -€22 | -22.9% |
| Financial charges | 65/66B | €1,263 | €1,104 | -€159 | -12.6% |
| Recurring financial charges | 65 | €1,263 | €1,104 | -€159 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,036 | -€6,254 | +€1,783 | +22.2% |
| Income taxes | 67/77 | €128 | €140 | +€12 | +9.4% |
| Profit (loss) for the period | 9904 | -€8,164 | -€6,394 | +€1,771 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,164 | -€6,394 | +€1,771 | +21.7% |
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 12 October 2026 via checked.be.