Liesbeth Hance: 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 Hance
Largest movements
- Tangible fixed assets +€16,238
up €16,238 (+153%), from €10,611 to €26,848
of which Furniture and vehicles: +€17,500
- Cash -€4,242
down €4,242 (-41.8%), from €10,158 to €5,916
mainly Investment in fixed assets (net) (-€20,000) and Trade debts (-€44)
- Receivables within one year -€2,695
down €2,695 (-34.3%), from €7,863 to €5,168
of which Other amounts receivable: -€1,861
- Reserves +€8,301
up €8,301 (+83.1%), from €9,988 to €18,290
of which Distributable reserves: +€8,301
- Other debts +€1,043
new in 2025: €1,043
- Gross operating margin +€8,996
up €8,996 (+130%), from €6,920 to €15,916
- Depreciation +€3,134
up €3,134 (+499%), from €628 to €3,762
- Taxes +€2,519
up €2,519 (+406%), from €621 to €3,140
- Other operating charges -€297
down €297 (-36.0%), from €825 to €528
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 | €28,632 | €37,932 | +€9,300 | +32.5% |
| Fixed assets | 21/28 | €10,611 | €26,848 | +€16,238 | +153% |
| Tangible fixed assets | 22/27 | €10,611 | €26,848 | +€16,238 | +153% |
| Land and buildings | 22 | €6,596 | €6,179 | -€417 | -6.3% |
| Plant, machinery and equipment | 23 | €4,015 | €3,170 | -€845 | -21.1% |
| Furniture and vehicles | 24 | - | €17,500 | +€17,500 | |
| Current assets | 29/58 | €18,021 | €11,084 | -€6,937 | -38.5% |
| Amounts receivable within one year | 40/41 | €7,863 | €5,168 | -€2,695 | -34.3% |
| Trade receivables | 40 | €1,563 | €730 | -€834 | -53.3% |
| Other amounts receivable | 41 | €6,300 | €4,439 | -€1,861 | -29.5% |
| Cash at bank and in hand | 54/58 | €10,158 | €5,916 | -€4,242 | -41.8% |
| Total equity and liabilities | 10/49 | €28,632 | €37,932 | +€9,300 | +32.5% |
| Equity | 10/15 | €28,588 | €36,890 | +€8,301 | +29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,988 | €18,290 | +€8,301 | +83.1% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €9,388 | €17,690 | +€8,301 | +88.4% |
| Amounts payable | 17/49 | €44 | €1,043 | +€999 | +2,297% |
| Amounts payable within one year | 42/48 | €44 | €1,043 | +€999 | +2,297% |
| Trade debts | 44 | €44 | - | -€44 | |
| Suppliers | 440/4 | €44 | - | -€44 | |
| Other amounts payable | 47/48 | - | €1,043 | +€1,043 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €628 | €3,762 | +€3,134 | +499% |
| Other operating charges | 640/8 | €825 | €528 | -€297 | -36.0% |
| Gross operating margin | 9900 | €6,920 | €15,916 | +€8,996 | +130% |
| Operating profit (loss) | 9901 | €5,467 | €11,626 | +€6,159 | +113% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €170 | €185 | +€15 | +8.9% |
| Recurring financial charges | 65 | €170 | €185 | +€15 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €5,297 | €11,442 | +€6,144 | +116% |
| Income taxes | 67/77 | €621 | €3,140 | +€2,519 | +406% |
| Profit (loss) for the period | 9904 | €4,676 | €8,301 | +€3,625 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,676 | €8,301 | +€3,625 | +77.5% |
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 22 October 2026 via checked.be.