Liesmo: 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.
Liesmo
Largest movements
- Cash +€187,179
up €187,179 (+4053.2%), from €4,618 to €191,797
mainly Net result for the year (+€193,767) and Tax, wage and social debts (+€56,380)
- Deferred charges and accrued income +€55,146
up €55,146 (+2794.8%), from €1,973 to €57,120
- Receivables within one year +€8,068
up €8,068 (+212.2%), from €3,801 to €11,870
- Tangible fixed assets +€3,116
new in 2025: €3,116
- Reserves +€193,760
up €193,760 (+2691.1%), from €7,200 to €200,960
- Tax, wage and social debts +€56,380
up €56,380 (+3132.2%), from €1,800 to €58,180
- Contributions +€3,000
up €3,000 (+100.0%), from €3,000 to €6,000
- Gross operating margin +€245,091
up €245,091 (+2563.0%), from €9,563 to €254,653
- Taxes +€56,389
up €56,389 (+3132.7%), from €1,800 to €58,189
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 | €13,993 | €265,329 | +€251,335 | +1796.1% |
| Formation expenses | 20 | €2,175 | €0 | -€2,175 | -100.0% |
| Fixed assets | 21/28 | €1,426 | €4,542 | +€3,116 | +218.5% |
| Tangible fixed assets | 22/27 | - | €3,116 | +€3,116 | |
| Furniture and vehicles | 24 | - | €3,116 | +€3,116 | |
| Financial fixed assets | 28 | €1,426 | €1,426 | = | 0.0% |
| Current assets | 29/58 | €10,393 | €260,786 | +€250,394 | +2409.3% |
| Amounts receivable within one year | 40/41 | €3,801 | €11,870 | +€8,068 | +212.2% |
| Other amounts receivable | 41 | €3,801 | €11,870 | +€8,068 | +212.2% |
| Cash at bank and in hand | 54/58 | €4,618 | €191,797 | +€187,179 | +4053.2% |
| Deferred charges and accrued income | 490/1 | €1,973 | €57,120 | +€55,146 | +2794.8% |
| Total equity and liabilities | 10/49 | €13,993 | €265,329 | +€251,335 | +1796.1% |
| Equity | 10/15 | €10,203 | €206,970 | +€196,767 | +1928.5% |
| Contributions | 10/11 | €3,000 | €6,000 | +€3,000 | +100.0% |
| Reserves | 13 | €7,200 | €200,960 | +€193,760 | +2691.1% |
| Distributable reserves | 133 | €7,200 | €200,960 | +€193,760 | +2691.1% |
| Profit (loss) carried forward | 14 | €3 | €10 | +€7 | +212.3% |
| Amounts payable | 17/49 | €3,790 | €58,359 | +€54,568 | +1439.7% |
| Amounts payable within one year | 42/48 | €3,790 | €58,359 | +€54,568 | +1439.7% |
| Trade debts | 44 | €1,990 | €179 | -€1,812 | -91.0% |
| Suppliers | 440/4 | €1,990 | €179 | -€1,812 | -91.0% |
| Taxes, remuneration and social security | 45 | €1,800 | €58,180 | +€56,380 | +3132.2% |
| Taxes | 450/3 | €1,800 | €58,180 | +€56,380 | +3132.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €2,809 | +€2,231 | +386.2% |
| Gross operating margin | 9900 | €9,563 | €254,653 | +€245,091 | +2563.0% |
| Operating profit (loss) | 9901 | €8,985 | €251,845 | +€242,860 | +2703.0% |
| Financial income | 75/76B | €29 | €425 | +€395 | +1340.9% |
| Recurring financial income | 75 | €29 | €425 | +€395 | +1340.9% |
| Financial charges | 65/66B | €11 | €314 | +€303 | +2692.6% |
| Recurring financial charges | 65 | €11 | €314 | +€303 | +2692.6% |
| Profit (loss) for the period before taxes | 9903 | €9,003 | €251,955 | +€242,952 | +2698.5% |
| Income taxes | 67/77 | €1,800 | €58,189 | +€56,389 | +3132.7% |
| Profit (loss) for the period | 9904 | €7,203 | €193,767 | +€186,564 | +2590.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,203 | €193,767 | +€186,564 | +2590.0% |
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 5 October 2026 via checked.be.