LIETAER N & C: what changed
What changed
LIETAER N & C
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€576,701
2024 · €412,874+€163,827
Equity
€68,177
2024 · €68,177
Cash
€5,145
2024 · €413,342-€408,198
Balance sheet total
€964,141
2024 · €609,053+€355,088
Largest movements
Assets
- Current investments +€547,910
new in 2025: €547,910
- Cash -€408,198
down €408,198 (-98.8%), from €413,342 to €5,145
mainly Contributions, distributions and other (-€576,701) and Current investments (-€547,910)
- Intangible fixed assets +€220,263
up €220,263 (+6,889%), from €3,197 to €223,460
Equity and liabilities
- Debts after one year +€215,052
up €215,052 (+681%), from €31,576 to €246,628
- Other debts +€133,582
up €133,582 (+38.4%), from €347,576 to €481,158
- Current portion of long-term debt +€40,696
up €40,696 (+505%), from €8,062 to €48,758
- Accrued charges and deferred income -€38,838
down €38,838 (-75.5%), from €51,450 to €12,612
- Tax, wage and social debts +€18,482
up €18,482 (+27.6%), from €66,854 to €85,336
of which Taxes: +€18,696
Income statement
- Gross operating margin +€276,894
up €276,894 (+27.9%), from €993,595 to €1.3m
- Turnover +€268,361
up €268,361 (+15.5%), from €1.7m to €2.0m
- Staff costs +€47,680
up €47,680 (+12.5%), from €382,517 to €430,196
- Taxes +€43,931
up €43,931 (+29.8%), from €147,291 to €191,222
- Depreciation +€33,961
up €33,961 (+53.5%), from €63,481 to €97,442
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€412,874
Gross operating margin
+€276,894
Staff costs
-€47,680
Depreciation
-€33,961
Other operating charges
+€456
Financial income
+€24,872
Financial charges
-€12,824
Taxes
-€43,931
Result 2025
€576,701
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€770,719
Investment
-€857,963
Financing
-€320,953
Cash 2024
€413,342
From operations (derived)
+€770,719
Net result for the year
+€576,701
Depreciation
+€97,442
Deferred charges and accrued income
-€2,764
Trade debts
-€13,886
Tax, wage and social debts
+€18,482
Other debts
+€133,582
Accrued charges and deferred income
-€38,838
Investment (derived)
-€857,963
Investment in fixed assets (net)
-€310,054
Current investments
-€547,910
Financing
-€320,953
Debts after one year
+€215,052
Current portion of long-term debt
+€40,696
Contributions, distributions and other
-€576,701
Cash 2025
€5,145
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €609,053 | €964,141 | +€355,088 | +58.3% |
| Fixed assets | 21/28 | €192,931 | €405,542 | +€212,612 | +110% |
| Intangible fixed assets | 21 | €3,197 | €223,460 | +€220,263 | +6,889% |
| Tangible fixed assets | 22/27 | €186,958 | €179,307 | -€7,651 | -4.1% |
| Land and buildings | 22 | €4,391 | €3,369 | -€1,022 | -23.3% |
| Plant, machinery and equipment | 23 | €9,363 | €5,045 | -€4,317 | -46.1% |
| Furniture and vehicles | 24 | €135,472 | €87,607 | -€47,865 | -35.3% |
| Leasing and similar rights | 25 | €37,733 | €83,286 | +€45,553 | +121% |
| Financial fixed assets | 28 | €2,775 | €2,775 | -€0 | 0.0% |
| Current assets | 29/58 | €416,123 | €558,599 | +€142,476 | +34.2% |
| Current investments | 50/53 | - | €547,910 | +€547,910 | |
| Cash at bank and in hand | 54/58 | €413,342 | €5,145 | -€408,198 | -98.8% |
| Deferred charges and accrued income | 490/1 | €2,780 | €5,544 | +€2,764 | +99.4% |
| Total equity and liabilities | 10/49 | €609,053 | €964,141 | +€355,088 | +58.3% |
| Equity | 10/15 | €68,177 | €68,177 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,177 | €6,177 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,177 | €6,177 | = | 0.0% |
| Legal reserve | 130 | €6,177 | €6,177 | = | 0.0% |
| Amounts payable | 17/49 | €540,876 | €895,964 | +€355,088 | +65.7% |
| Amounts payable after more than one year | 17 | €31,576 | €246,628 | +€215,052 | +681% |
| Financial debts | 170/4 | €31,576 | €246,628 | +€215,052 | +681% |
| Amounts payable within one year | 42/48 | €457,850 | €636,724 | +€178,874 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €8,062 | €48,758 | +€40,696 | +505% |
| Trade debts | 44 | €35,358 | €21,472 | -€13,886 | -39.3% |
| Suppliers | 440/4 | €35,358 | €21,472 | -€13,886 | -39.3% |
| Taxes, remuneration and social security | 45 | €66,854 | €85,336 | +€18,482 | +27.6% |
| Taxes | 450/3 | €20,638 | €39,335 | +€18,696 | +90.6% |
| Remuneration and social security | 454/9 | €46,216 | €46,001 | -€215 | -0.5% |
| Other amounts payable | 47/48 | €347,576 | €481,158 | +€133,582 | +38.4% |
| Accrued charges and deferred income | 492/3 | €51,450 | €12,612 | -€38,838 | -75.5% |
| Turnover | 70 | €1,734,237 | €2,002,598 | +€268,361 | +15.5% |
| Non-recurring operating income | 76A | €13,850 | - | -€13,850 | |
| Goods, raw materials, services and sundry goods | 60/61 | €754,492 | €732,108 | -€22,384 | -3.0% |
| Remuneration, social security and pensions | 62 | €382,517 | €430,196 | +€47,680 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,481 | €97,442 | +€33,961 | +53.5% |
| Other operating charges | 640/8 | €1,626 | €1,170 | -€456 | -28.1% |
| Gross operating margin | 9900 | €993,595 | €1,270,489 | +€276,894 | +27.9% |
| Operating profit (loss) | 9901 | €545,971 | €741,681 | +€195,710 | +35.8% |
| Financial income | 75/76B | €14,751 | €39,623 | +€24,872 | +169% |
| Recurring financial income | 75 | €14,751 | €39,623 | +€24,872 | +169% |
| Financial charges | 65/66B | €558 | €13,382 | +€12,824 | +2,300% |
| Recurring financial charges | 65 | €558 | €13,382 | +€12,824 | +2,300% |
| Profit (loss) for the period before taxes | 9903 | €560,164 | €767,922 | +€207,758 | +37.1% |
| Income taxes | 67/77 | €147,291 | €191,222 | +€43,931 | +29.8% |
| Profit (loss) for the period | 9904 | €412,874 | €576,701 | +€163,827 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €412,874 | €576,701 | +€163,827 | +39.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.