Liesap: 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.
Liesap
Largest movements
- Cash +€15,018
up €15,018 (+165.1%), from €9,098 to €24,117
mainly Other debts (+€35,600) and Receivables within one year (+€10,201)
- Receivables within one year -€10,201
down €10,201 (-96.2%), from €10,604 to €403
- Tangible fixed assets -€9,285
down €9,285 (-30.3%), from €30,637 to €21,351
- Reserves -€40,000
down €40,000 (-85.3%), from €46,912 to €6,912
- Other debts +€35,600
up €35,600 (+404.8%), from €8,794 to €44,394
- Profit (loss) carried forward +€6,704
new in 2025: €6,704
- Debts after one year -€6,503
down €6,503 (-70.0%), from €9,285 to €2,782
- Trade debts -€864
down €864 (-80.6%), from €1,071 to €207
- Gross operating margin +€4,452
up €4,452 (+29.8%), from €14,938 to €19,390
- Taxes +€1,335
up €1,335 (+105.7%), from €1,262 to €2,597
- Depreciation -€554
down €554 (-5.6%), from €9,840 to €9,285
- Financial charges -€251
down €251 (-32.2%), from €781 to €530
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 | €76,589 | €72,120 | -€4,468 | -5.8% |
| Fixed assets | 21/28 | €31,887 | €22,601 | -€9,285 | -29.1% |
| Tangible fixed assets | 22/27 | €30,637 | €21,351 | -€9,285 | -30.3% |
| Furniture and vehicles | 24 | €30,637 | €21,351 | -€9,285 | -30.3% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €44,702 | €49,519 | +€4,817 | +10.8% |
| Amounts receivable within one year | 40/41 | €10,604 | €403 | -€10,201 | -96.2% |
| Other amounts receivable | 41 | €10,604 | €403 | -€10,201 | -96.2% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,098 | €24,117 | +€15,018 | +165.1% |
| Total equity and liabilities | 10/49 | €76,589 | €72,120 | -€4,468 | -5.8% |
| Equity | 10/15 | €49,912 | €16,616 | -€33,296 | -66.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,912 | €6,912 | -€40,000 | -85.3% |
| Distributable reserves | 133 | €46,912 | €6,912 | -€40,000 | -85.3% |
| Profit (loss) carried forward | 14 | - | €6,704 | +€6,704 | |
| Amounts payable | 17/49 | €26,677 | €55,505 | +€28,828 | +108.1% |
| Amounts payable after more than one year | 17 | €9,285 | €2,782 | -€6,503 | -70.0% |
| Financial debts | 170/4 | €9,285 | €2,782 | -€6,503 | -70.0% |
| Amounts payable within one year | 42/48 | €17,392 | €52,722 | +€35,331 | +203.1% |
| Current portion of amounts payable after more than one year | 42 | €6,264 | €6,503 | +€239 | +3.8% |
| Trade debts | 44 | €1,071 | €207 | -€864 | -80.6% |
| Suppliers | 440/4 | €1,071 | €207 | -€864 | -80.6% |
| Taxes, remuneration and social security | 45 | €1,262 | €1,618 | +€356 | +28.2% |
| Taxes | 450/3 | €1,262 | €1,618 | +€356 | +28.2% |
| Other amounts payable | 47/48 | €8,794 | €44,394 | +€35,600 | +404.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,840 | €9,285 | -€554 | -5.6% |
| Other operating charges | 640/8 | €141 | €274 | +€133 | +94.7% |
| Gross operating margin | 9900 | €14,938 | €19,390 | +€4,452 | +29.8% |
| Operating profit (loss) | 9901 | €4,958 | €9,831 | +€4,873 | +98.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +109.1% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +109.1% |
| Financial charges | 65/66B | €781 | €530 | -€251 | -32.2% |
| Recurring financial charges | 65 | €781 | €530 | -€251 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €4,177 | €9,301 | +€5,124 | +122.7% |
| Income taxes | 67/77 | €1,262 | €2,597 | +€1,335 | +105.7% |
| Profit (loss) for the period | 9904 | €2,914 | €6,704 | +€3,789 | +130.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,914 | €6,704 | +€3,789 | +130.0% |
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 6 October 2026 via checked.be.