Liesbeth Cras: 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.
Liesbeth Cras
Largest movements
- Cash +€107,150
up €107,150 (+60.1%), from €178,420 to €285,570
mainly Net result for the year (+€53,368) and Other debts (+€25,032)
- Tangible fixed assets -€14,917
down €14,917 (-27.4%), from €54,354 to €39,437
of which Furniture and vehicles: -€11,443
- Intangible fixed assets -€7,000
down €7,000 (-44.4%), from €15,750 to €8,750
- Reserves +€53,368
up €53,368 (+17.5%), from €304,895 to €358,263
- Other debts +€25,032
up €25,032 (+15.2%), from €165,159 to €190,191
- Gross operating margin -€4,776
down €4,776 (-4.5%), from €106,324 to €101,548
- Financial income +€2,806
up €2,806 (+4,607%), from €61 to €2,867
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 | €553,075 | €634,676 | +€81,601 | +14.8% |
| Fixed assets | 21/28 | €70,104 | €48,187 | -€21,917 | -31.3% |
| Intangible fixed assets | 21 | €15,750 | €8,750 | -€7,000 | -44.4% |
| Tangible fixed assets | 22/27 | €54,354 | €39,437 | -€14,917 | -27.4% |
| Land and buildings | 22 | €23,039 | €19,565 | -€3,474 | -15.1% |
| Furniture and vehicles | 24 | €31,315 | €19,872 | -€11,443 | -36.5% |
| Current assets | 29/58 | €482,971 | €586,489 | +€103,518 | +21.4% |
| Amounts receivable within one year | 40/41 | €2,490 | - | -€2,490 | |
| Other amounts receivable | 41 | €2,490 | - | -€2,490 | |
| Current investments | 50/53 | €299,962 | €299,962 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €178,420 | €285,570 | +€107,150 | +60.1% |
| Deferred charges and accrued income | 490/1 | €2,099 | €957 | -€1,142 | -54.4% |
| Total equity and liabilities | 10/49 | €553,075 | €634,676 | +€81,601 | +14.8% |
| Equity | 10/15 | €379,895 | €433,263 | +€53,368 | +14.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €304,895 | €358,263 | +€53,368 | +17.5% |
| Distributable reserves | 133 | €304,895 | €358,263 | +€53,368 | +17.5% |
| Amounts payable | 17/49 | €173,180 | €201,413 | +€28,233 | +16.3% |
| Amounts payable within one year | 42/48 | €169,913 | €196,904 | +€26,991 | +15.9% |
| Trade debts | 44 | €4,754 | €878 | -€3,876 | -81.5% |
| Suppliers | 440/4 | €4,754 | €878 | -€3,876 | -81.5% |
| Taxes, remuneration and social security | 45 | - | €5,834 | +€5,834 | |
| Taxes | 450/3 | - | €2,699 | +€2,699 | |
| Remuneration and social security | 454/9 | - | €3,135 | +€3,135 | |
| Other amounts payable | 47/48 | €165,159 | €190,191 | +€25,032 | +15.2% |
| Accrued charges and deferred income | 492/3 | €3,267 | €4,509 | +€1,242 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,036 | €21,917 | -€119 | -0.5% |
| Other operating charges | 640/8 | €1,472 | €1,517 | +€46 | +3.1% |
| Gross operating margin | 9900 | €106,324 | €101,548 | -€4,776 | -4.5% |
| Operating profit (loss) | 9901 | €82,816 | €78,113 | -€4,703 | -5.7% |
| Financial income | 75/76B | €61 | €2,867 | +€2,806 | +4,607% |
| Recurring financial income | 75 | €61 | €2,867 | +€2,806 | +4,607% |
| Financial charges | 65/66B | €12,419 | €12,413 | -€6 | -0.1% |
| Recurring financial charges | 65 | €12,419 | €12,413 | -€6 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €70,458 | €68,567 | -€1,891 | -2.7% |
| Income taxes | 67/77 | €15,010 | €15,199 | +€189 | +1.3% |
| Profit (loss) for the period | 9904 | €55,448 | €53,368 | -€2,080 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,448 | €53,368 | -€2,080 | -3.8% |
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 23 October 2026 via checked.be.