Liesto: 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.
Liesto
Largest movements
- Cash +€25,243
up €25,243 (+31.9%), from €79,015 to €104,258
mainly Depreciation (+€57,205) and Net result for the year (+€33,672)
- Stocks and contracts +€19,375
up €19,375 (+210.3%), from €9,212 to €28,586
- Tangible fixed assets -€19,001
down €19,001 (-6.6%), from €288,506 to €269,505
of which Plant, machinery and equipment: -€23,763
- Reserves +€33,672
up €33,672 (+22.1%), from €152,142 to €185,814
- Debts after one year -€22,823
down €22,823 (-13.3%), from €172,164 to €149,341
- Trade debts +€7,463
up €7,463 (+56.6%), from €13,192 to €20,655
- Current portion of long-term debt +€6,067
up €6,067 (+15.9%), from €38,265 to €44,332
- Depreciation +€12,552
up €12,552 (+28.1%), from €44,653 to €57,205
- Financial charges +€6,160
up €6,160 (+50.9%), from €12,105 to €18,265
- Gross operating margin +€5,743
up €5,743 (+3.6%), from €160,349 to €166,092
- Other operating charges +€4,526
up €4,526 (+342.5%), from €1,321 to €5,847
- Taxes -€1,783
down €1,783 (-15.1%), from €11,788 to €10,005
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 | €390,787 | €417,559 | +€26,772 | +6.9% |
| Fixed assets | 21/28 | €288,506 | €269,505 | -€19,001 | -6.6% |
| Tangible fixed assets | 22/27 | €288,506 | €269,505 | -€19,001 | -6.6% |
| Land and buildings | 22 | €2,649 | €2,332 | -€317 | -12.0% |
| Plant, machinery and equipment | 23 | €285,000 | €261,237 | -€23,763 | -8.3% |
| Furniture and vehicles | 24 | €857 | €5,937 | +€5,079 | +592.6% |
| Current assets | 29/58 | €102,281 | €148,054 | +€45,773 | +44.8% |
| Stocks and contracts in progress | 3 | €9,212 | €28,586 | +€19,375 | +210.3% |
| Stocks | 30/36 | €9,212 | €28,586 | +€19,375 | +210.3% |
| Amounts receivable within one year | 40/41 | €13,763 | €14,901 | +€1,139 | +8.3% |
| Trade receivables | 40 | €2,462 | €3,645 | +€1,182 | +48.0% |
| Other amounts receivable | 41 | €11,300 | €11,257 | -€44 | -0.4% |
| Cash at bank and in hand | 54/58 | €79,015 | €104,258 | +€25,243 | +31.9% |
| Deferred charges and accrued income | 490/1 | €292 | €308 | +€16 | +5.4% |
| Total equity and liabilities | 10/49 | €390,787 | €417,559 | +€26,772 | +6.9% |
| Equity | 10/15 | €154,142 | €187,814 | +€33,672 | +21.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €152,142 | €185,814 | +€33,672 | +22.1% |
| Distributable reserves | 133 | €152,142 | €185,814 | +€33,672 | +22.1% |
| Amounts payable | 17/49 | €236,645 | €229,745 | -€6,901 | -2.9% |
| Amounts payable after more than one year | 17 | €172,164 | €149,341 | -€22,823 | -13.3% |
| Financial debts | 170/4 | €172,164 | €149,341 | -€22,823 | -13.3% |
| Amounts payable within one year | 42/48 | €62,539 | €78,462 | +€15,924 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €38,265 | €44,332 | +€6,067 | +15.9% |
| Trade debts | 44 | €13,192 | €20,655 | +€7,463 | +56.6% |
| Suppliers | 440/4 | €13,192 | €20,655 | +€7,463 | +56.6% |
| Taxes, remuneration and social security | 45 | €9,472 | €13,475 | +€4,004 | +42.3% |
| Taxes | 450/3 | €3,624 | €3,278 | -€346 | -9.5% |
| Remuneration and social security | 454/9 | €5,848 | €10,197 | +€4,349 | +74.4% |
| Other amounts payable | 47/48 | €1,610 | €0 | -€1,610 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,943 | €1,941 | -€2 | -0.1% |
| Remuneration, social security and pensions | 62 | €41,100 | €41,906 | +€806 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,653 | €57,205 | +€12,552 | +28.1% |
| Other operating charges | 640/8 | €1,321 | €5,847 | +€4,526 | +342.5% |
| Gross operating margin | 9900 | €160,349 | €166,092 | +€5,743 | +3.6% |
| Operating profit (loss) | 9901 | €73,274 | €61,133 | -€12,141 | -16.6% |
| Financial income | 75/76B | €52 | €808 | +€756 | +1446.6% |
| Recurring financial income | 75 | €52 | €808 | +€756 | +1446.6% |
| Financial charges | 65/66B | €12,105 | €18,265 | +€6,160 | +50.9% |
| Recurring financial charges | 65 | €12,105 | €18,265 | +€6,160 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €61,222 | €43,677 | -€17,545 | -28.7% |
| Income taxes | 67/77 | €11,788 | €10,005 | -€1,783 | -15.1% |
| Profit (loss) for the period | 9904 | €49,434 | €33,672 | -€15,762 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,434 | €33,672 | -€15,762 | -31.9% |
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 28 September 2026 via checked.be.