Liesbeth Sioen: 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 Sioen
Largest movements
- Current investments +€10,999
up €10,999 (+440%), from €2,501 to €13,500
- Receivables within one year +€9,978
up €9,978 (+36.5%), from €27,314 to €37,291
of which Other amounts receivable: +€13,568
- Cash -€9,479
down €9,479 (-97.8%), from €9,692 to €213
mainly Current investments (-€10,999) and Receivables within one year (-€9,978)
- Deferred charges and accrued income -€4,222
down €4,222 (-100%), from €4,222 to €0
- Tangible fixed assets -€3,656
down €3,656 (-16.6%), from €21,967 to €18,311
- Profit (loss) carried forward +€10,695
up €10,695 (+24.7%), from €43,336 to €54,031
- Debts after one year -€9,521
down €9,521 (-53.7%), from €17,744 to €8,223
- Tax, wage and social debts +€4,031
up €4,031 (+259%), from €1,557 to €5,587
- Accrued charges and deferred income -€1,951
no longer reported in 2025 (was €1,951)
- Depreciation -€4,914
down €4,914 (-42.4%), from €11,603 to €6,689
- Gross operating margin -€2,912
down €2,912 (-11.4%), from €25,470 to €22,557
- Financial charges -€2,756
down €2,756 (-86.1%), from €3,200 to €444
- Other operating charges -€1,766
down €1,766 (-65.0%), from €2,716 to €951
- Taxes +€712
up €712 (+21.4%), from €3,319 to €4,031
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 | €142,231 | €145,850 | +€3,620 | +2.5% |
| Fixed assets | 21/28 | €23,502 | €19,846 | -€3,656 | -15.6% |
| Tangible fixed assets | 22/27 | €21,967 | €18,311 | -€3,656 | -16.6% |
| Furniture and vehicles | 24 | €21,967 | €18,311 | -€3,656 | -16.6% |
| Financial fixed assets | 28 | €1,535 | €1,535 | = | 0.0% |
| Current assets | 29/58 | €118,729 | €126,004 | +€7,275 | +6.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,314 | €37,291 | +€9,978 | +36.5% |
| Trade receivables | 40 | €25,050 | €21,460 | -€3,591 | -14.3% |
| Other amounts receivable | 41 | €2,263 | €15,831 | +€13,568 | +600% |
| Current investments | 50/53 | €2,501 | €13,500 | +€10,999 | +440% |
| Cash at bank and in hand | 54/58 | €9,692 | €213 | -€9,479 | -97.8% |
| Deferred charges and accrued income | 490/1 | €4,222 | €0 | -€4,222 | -100% |
| Total equity and liabilities | 10/49 | €142,231 | €145,850 | +€3,620 | +2.5% |
| Equity | 10/15 | €111,824 | €122,519 | +€10,695 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €56,088 | €56,088 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €54,228 | €54,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,336 | €54,031 | +€10,695 | +24.7% |
| Amounts payable | 17/49 | €30,406 | €23,331 | -€7,075 | -23.3% |
| Amounts payable after more than one year | 17 | €17,744 | €8,223 | -€9,521 | -53.7% |
| Financial debts | 170/4 | €17,744 | €8,223 | -€9,521 | -53.7% |
| Amounts payable within one year | 42/48 | €10,712 | €15,108 | +€4,396 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €9,155 | €9,521 | +€365 | +4.0% |
| Taxes, remuneration and social security | 45 | €1,557 | €5,587 | +€4,031 | +259% |
| Taxes | 450/3 | €1,557 | €5,587 | +€4,031 | +259% |
| Accrued charges and deferred income | 492/3 | €1,951 | - | -€1,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,603 | €6,689 | -€4,914 | -42.4% |
| Other operating charges | 640/8 | €2,716 | €951 | -€1,766 | -65.0% |
| Gross operating margin | 9900 | €25,470 | €22,557 | -€2,912 | -11.4% |
| Operating profit (loss) | 9901 | €11,151 | €14,918 | +€3,767 | +33.8% |
| Financial income | 75/76B | €949 | €251 | -€698 | -73.5% |
| Recurring financial income | 75 | €949 | €251 | -€698 | -73.5% |
| Financial charges | 65/66B | €3,200 | €444 | -€2,756 | -86.1% |
| Recurring financial charges | 65 | €3,200 | €444 | -€2,756 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €8,900 | €14,725 | +€5,825 | +65.5% |
| Income taxes | 67/77 | €3,319 | €4,031 | +€712 | +21.4% |
| Profit (loss) for the period | 9904 | €5,581 | €10,695 | +€5,114 | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,581 | €10,695 | +€5,114 | +91.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.