Liesens David: 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.
Liesens David
Largest movements
- Cash +€85,234
up €85,234 (+132%), from €64,334 to €149,567
mainly Other debts (+€170,001) and Net result for the year (+€142,980)
- Receivables within one year -€27,829
down €27,829 (-21.4%), from €130,075 to €102,246
of which Trade receivables: -€27,830
- Tangible fixed assets +€3,965
new in 2025: €3,965
- Other debts +€170,001
new in 2025: €170,001
- Reserves -€57,020
down €57,020 (-51.7%), from €110,308 to €53,288
- Tax, wage and social debts -€44,543
down €44,543 (-65.1%), from €68,437 to €23,893
of which Taxes: -€46,543
- Trade debts -€7,047
down €7,047 (-62.3%), from €11,307 to €4,260
- Gross operating margin +€45,788
up €45,788 (+31.4%), from €145,742 to €191,530
- Taxes +€11,151
up €11,151 (+35.0%), from €31,879 to €43,030
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 | €195,051 | €256,442 | +€61,391 | +31.5% |
| Fixed assets | 21/28 | - | €3,965 | +€3,965 | |
| Tangible fixed assets | 22/27 | - | €3,965 | +€3,965 | |
| Furniture and vehicles | 24 | - | €3,965 | +€3,965 | |
| Current assets | 29/58 | €195,051 | €252,477 | +€57,426 | +29.4% |
| Amounts receivable within one year | 40/41 | €130,075 | €102,246 | -€27,829 | -21.4% |
| Trade receivables | 40 | €52,030 | €24,200 | -€27,830 | -53.5% |
| Other amounts receivable | 41 | €78,045 | €78,046 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €64,334 | €149,567 | +€85,234 | +132% |
| Deferred charges and accrued income | 490/1 | €642 | €663 | +€21 | +3.3% |
| Total equity and liabilities | 10/49 | €195,051 | €256,442 | +€61,391 | +31.5% |
| Equity | 10/15 | €115,308 | €58,288 | -€57,020 | -49.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €110,308 | €53,288 | -€57,020 | -51.7% |
| Distributable reserves | 133 | €110,308 | €53,288 | -€57,020 | -51.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,743 | €198,154 | +€118,411 | +148% |
| Amounts payable within one year | 42/48 | €79,743 | €198,154 | +€118,411 | +148% |
| Trade debts | 44 | €11,307 | €4,260 | -€7,047 | -62.3% |
| Suppliers | 440/4 | €11,307 | €4,260 | -€7,047 | -62.3% |
| Taxes, remuneration and social security | 45 | €68,437 | €23,893 | -€44,543 | -65.1% |
| Taxes | 450/3 | €66,437 | €19,893 | -€46,543 | -70.1% |
| Remuneration and social security | 454/9 | €2,000 | €4,000 | +€2,000 | +100% |
| Other amounts payable | 47/48 | - | €170,001 | +€170,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,224 | +€1,224 | |
| Other operating charges | 640/8 | €992 | €1,301 | +€310 | +31.3% |
| Gross operating margin | 9900 | €145,742 | €191,530 | +€45,788 | +31.4% |
| Operating profit (loss) | 9901 | €144,750 | €189,005 | +€44,255 | +30.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,078 | €2,995 | -€84 | -2.7% |
| Recurring financial charges | 65 | €3,078 | €2,995 | -€84 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €141,672 | €186,010 | +€44,338 | +31.3% |
| Income taxes | 67/77 | €31,879 | €43,030 | +€11,151 | +35.0% |
| Profit (loss) for the period | 9904 | €109,793 | €142,980 | +€33,187 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,793 | €142,980 | +€33,187 | +30.2% |
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.