LIENEMIENE: 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.
LIENEMIENE
Largest movements
- Tangible fixed assets +€381,449
up €381,449 (+646%), from €59,063 to €440,512
of which Land and buildings: +€388,051
- Receivables within one year +€57,861
up €57,861 (+47.5%), from €121,806 to €179,668
of which Trade receivables: +€39,630
- Debts after one year +€341,799
up €341,799 (+1,666%), from €20,511 to €362,310
- Profit (loss) carried forward -€83,082
down €83,082, from €1,314 to -€81,768
- Trade debts +€63,293
up €63,293 (+22,930%), from €276 to €63,569
- Tax, wage and social debts +€62,789
up €62,789 (+98.3%), from €63,852 to €126,641
of which Remuneration and social security: +€51,240
- Current portion of long-term debt +€54,858
up €54,858 (+766%), from €7,162 to €62,020
- Staff costs +€128,386
up €128,386 (+43.2%), from €297,031 to €425,416
- Depreciation +€50,005
up €50,005 (+880%), from €5,685 to €55,690
- Other operating charges +€39,206
up €39,206 (+1,736%), from €2,258 to €41,463
- Taxes -€36,211
down €36,211 (-99.4%), from €36,422 to €211
- Gross operating margin +€5,692
up €5,692 (+1.3%), from €439,801 to €445,493
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 | €187,711 | €626,976 | +€439,265 | +234% |
| Fixed assets | 21/28 | €64,763 | €445,012 | +€380,249 | +587% |
| Intangible fixed assets | 21 | €2,700 | €1,500 | -€1,200 | -44.4% |
| Tangible fixed assets | 22/27 | €59,063 | €440,512 | +€381,449 | +646% |
| Land and buildings | 22 | - | €388,051 | +€388,051 | |
| Plant, machinery and equipment | 23 | €15,547 | €15,966 | +€419 | +2.7% |
| Furniture and vehicles | 24 | €42,963 | €33,789 | -€9,174 | -21.4% |
| Other tangible fixed assets | 26 | €553 | €2,707 | +€2,153 | +389% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €122,948 | €181,964 | +€59,016 | +48.0% |
| Amounts receivable within one year | 40/41 | €121,806 | €179,668 | +€57,861 | +47.5% |
| Trade receivables | 40 | €2,038 | €41,668 | +€39,630 | +1,945% |
| Other amounts receivable | 41 | €119,768 | €138,000 | +€18,232 | +15.2% |
| Cash at bank and in hand | 54/58 | €1,142 | €2,296 | +€1,154 | +101% |
| Total equity and liabilities | 10/49 | €187,711 | €626,976 | +€439,265 | +234% |
| Equity | 10/15 | €90,814 | €7,732 | -€83,082 | -91.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,500 | €84,500 | = | 0.0% |
| Distributable reserves | 133 | €84,500 | €84,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,314 | -€81,768 | -€83,082 | |
| Amounts payable | 17/49 | €96,897 | €619,244 | +€522,347 | +539% |
| Amounts payable after more than one year | 17 | €20,511 | €362,310 | +€341,799 | +1,666% |
| Financial debts | 170/4 | €20,511 | €362,310 | +€341,799 | +1,666% |
| Amounts payable within one year | 42/48 | €76,386 | €256,935 | +€180,548 | +236% |
| Current portion of amounts payable after more than one year | 42 | €7,162 | €62,020 | +€54,858 | +766% |
| Trade debts | 44 | €276 | €63,569 | +€63,293 | +22,930% |
| Suppliers | 440/4 | €276 | €63,569 | +€63,293 | +22,930% |
| Taxes, remuneration and social security | 45 | €63,852 | €126,641 | +€62,789 | +98.3% |
| Taxes | 450/3 | €43,502 | €55,052 | +€11,550 | +26.5% |
| Remuneration and social security | 454/9 | €20,349 | €71,589 | +€51,240 | +252% |
| Other amounts payable | 47/48 | €5,096 | €4,704 | -€392 | -7.7% |
| Remuneration, social security and pensions | 62 | €297,031 | €425,416 | +€128,386 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,685 | €55,690 | +€50,005 | +880% |
| Other operating charges | 640/8 | €2,258 | €41,463 | +€39,206 | +1,736% |
| Non-recurring operating charges | 66A | €433 | - | -€433 | |
| Gross operating margin | 9900 | €439,801 | €445,493 | +€5,692 | +1.3% |
| Operating profit (loss) | 9901 | €134,394 | -€77,077 | -€211,471 | |
| Financial income | 75/76B | €27 | €0 | -€27 | -98.6% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -98.6% |
| Financial charges | 65/66B | €1,718 | €5,794 | +€4,076 | +237% |
| Recurring financial charges | 65 | €1,718 | €5,794 | +€4,076 | +237% |
| Profit (loss) for the period before taxes | 9903 | €132,703 | -€82,871 | -€215,574 | |
| Income taxes | 67/77 | €36,422 | €211 | -€36,211 | -99.4% |
| Profit (loss) for the period | 9904 | €96,281 | -€83,082 | -€179,363 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,281 | -€83,082 | -€179,363 |
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 14 October 2026 via checked.be.