LIERNEUX ERIC: 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.
LIERNEUX ERIC
Largest movements
- Cash +€274,508
up €274,508 (+61.8%), from €444,179 to €718,687
mainly Receivables within one year (+€150,675) and Net result for the year (+€139,729)
- Receivables within one year -€150,675
down €150,675 (-79.2%), from €190,254 to €39,579
of which Trade receivables: -€134,725
- Tangible fixed assets -€26,125
down €26,125 (-6.4%), from €409,281 to €383,156
of which Furniture and vehicles: -€14,666
- Reserves +€139,729
up €139,729 (+20.1%), from €693,925 to €833,653
of which Distributable reserves: +€139,729
- Trade debts -€38,799
down €38,799 (-68.5%), from €56,600 to €17,801
- Debts after one year -€25,143
down €25,143 (-19.5%), from €128,989 to €103,846
- Tax, wage and social debts +€11,593
up €11,593 (+57.6%), from €20,116 to €31,709
- Gross operating margin +€62,063
up €62,063 (+21.3%), from €291,973 to €354,035
- Financial income -€16,604
down €16,604 (-91.3%), from €18,178 to €1,573
of which Non-recurring financial income: -€16,500
- Taxes +€8,437
up €8,437 (+19.8%), from €42,657 to €51,094
- Staff costs +€5,189
up €5,189 (+4.1%), from €126,214 to €131,403
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 | €1,057,371 | €1,153,207 | +€95,836 | +9.1% |
| Fixed assets | 21/28 | €409,950 | €383,825 | -€26,125 | -6.4% |
| Tangible fixed assets | 22/27 | €409,281 | €383,156 | -€26,125 | -6.4% |
| Land and buildings | 22 | €357,035 | €346,267 | -€10,768 | -3.0% |
| Plant, machinery and equipment | 23 | €1,141 | €450 | -€691 | -60.6% |
| Furniture and vehicles | 24 | €51,104 | €36,439 | -€14,666 | -28.7% |
| Financial fixed assets | 28 | €669 | €669 | = | 0.0% |
| Current assets | 29/58 | €647,420 | €769,381 | +€121,961 | +18.8% |
| Stocks and contracts in progress | 3 | €5,133 | €5,133 | = | 0.0% |
| Stocks | 30/36 | €5,133 | €5,133 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €190,254 | €39,579 | -€150,675 | -79.2% |
| Trade receivables | 40 | €170,518 | €35,793 | -€134,725 | -79.0% |
| Other amounts receivable | 41 | €19,737 | €3,787 | -€15,950 | -80.8% |
| Cash at bank and in hand | 54/58 | €444,179 | €718,687 | +€274,508 | +61.8% |
| Deferred charges and accrued income | 490/1 | €7,854 | €5,982 | -€1,871 | -23.8% |
| Total equity and liabilities | 10/49 | €1,057,371 | €1,153,207 | +€95,836 | +9.1% |
| Equity | 10/15 | €714,385 | €854,113 | +€139,729 | +19.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €693,925 | €833,653 | +€139,729 | +20.1% |
| Tax-exempt reserves | 132 | €2,645 | €2,645 | = | 0.0% |
| Distributable reserves | 133 | €691,280 | €831,008 | +€139,729 | +20.2% |
| Amounts payable | 17/49 | €342,986 | €299,094 | -€43,892 | -12.8% |
| Amounts payable after more than one year | 17 | €128,989 | €103,846 | -€25,143 | -19.5% |
| Financial debts | 170/4 | €128,989 | €103,846 | -€25,143 | -19.5% |
| Amounts payable within one year | 42/48 | €213,429 | €187,602 | -€25,827 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €24,824 | €25,143 | +€319 | +1.3% |
| Trade debts | 44 | €56,600 | €17,801 | -€38,799 | -68.5% |
| Suppliers | 440/4 | €56,600 | €17,801 | -€38,799 | -68.5% |
| Taxes, remuneration and social security | 45 | €20,116 | €31,709 | +€11,593 | +57.6% |
| Taxes | 450/3 | €20,116 | €31,709 | +€11,593 | +57.6% |
| Other amounts payable | 47/48 | €111,889 | €112,949 | +€1,060 | +0.9% |
| Accrued charges and deferred income | 492/3 | €568 | €7,646 | +€7,078 | +1,246% |
| Non-recurring operating income | 76A | €74,759 | - | -€74,759 | |
| Remuneration, social security and pensions | 62 | €126,214 | €131,403 | +€5,189 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,448 | €26,125 | -€1,323 | -4.8% |
| Other operating charges | 640/8 | €5,426 | €4,195 | -€1,231 | -22.7% |
| Non-recurring operating charges | 66A | €472 | €82 | -€389 | -82.6% |
| Gross operating margin | 9900 | €291,973 | €354,035 | +€62,063 | +21.3% |
| Operating profit (loss) | 9901 | €132,413 | €192,230 | +€59,816 | +45.2% |
| Financial income | 75/76B | €18,178 | €1,573 | -€16,604 | -91.3% |
| Recurring financial income | 75 | €1,678 | €1,573 | -€104 | -6.2% |
| Non-recurring financial income | 76B | €16,500 | - | -€16,500 | |
| Financial charges | 65/66B | €3,409 | €2,980 | -€429 | -12.6% |
| Recurring financial charges | 65 | €3,409 | €2,980 | -€429 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €147,182 | €190,823 | +€43,641 | +29.7% |
| Income taxes | 67/77 | €42,657 | €51,094 | +€8,437 | +19.8% |
| Profit (loss) for the period | 9904 | €104,525 | €139,729 | +€35,203 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,525 | €139,729 | +€35,203 | +33.7% |
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 27 October 2026 via checked.be.