LIETAND: 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.
LIETAND
Largest movements
- Cash -€351,767
down €351,767 (-81.0%), from €434,285 to €82,518
mainly Contributions, distributions and other (-€400,000) and Other debts (-€122,450)
- Receivables within one year -€28,010
down €28,010 (-13.5%), from €207,892 to €179,882
of which Other amounts receivable: -€25,755
- Reserves -€250,212
down €250,212 (-48.6%), from €514,346 to €264,134
- Other debts -€122,450
down €122,450 (-59.1%), from €207,317 to €84,867
- Gross operating margin -€23,435
down €23,435 (-10.7%), from €219,231 to €195,795
- Taxes -€6,016
down €6,016 (-11.9%), from €50,661 to €44,645
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 | €742,176 | €363,609 | -€378,567 | -51.0% |
| Fixed assets | 21/28 | €100,000 | €101,210 | +€1,210 | +1.2% |
| Tangible fixed assets | 22/27 | - | €1,210 | +€1,210 | |
| Furniture and vehicles | 24 | - | €1,210 | +€1,210 | |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €642,176 | €262,400 | -€379,777 | -59.1% |
| Amounts receivable within one year | 40/41 | €207,892 | €179,882 | -€28,010 | -13.5% |
| Trade receivables | 40 | €69,941 | €67,686 | -€2,255 | -3.2% |
| Other amounts receivable | 41 | €137,951 | €112,196 | -€25,755 | -18.7% |
| Cash at bank and in hand | 54/58 | €434,285 | €82,518 | -€351,767 | -81.0% |
| Total equity and liabilities | 10/49 | €742,176 | €363,609 | -€378,567 | -51.0% |
| Equity | 10/15 | €519,346 | €269,134 | -€250,212 | -48.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €514,346 | €264,134 | -€250,212 | -48.6% |
| Distributable reserves | 133 | €514,346 | €264,134 | -€250,212 | -48.6% |
| Amounts payable | 17/49 | €222,830 | €94,475 | -€128,355 | -57.6% |
| Amounts payable within one year | 42/48 | €222,830 | €94,475 | -€128,355 | -57.6% |
| Trade debts | 44 | €322 | €1,482 | +€1,160 | +360% |
| Suppliers | 440/4 | €322 | €1,482 | +€1,160 | +360% |
| Taxes, remuneration and social security | 45 | €15,192 | €8,127 | -€7,065 | -46.5% |
| Taxes | 450/3 | €9,429 | €8,127 | -€1,302 | -13.8% |
| Remuneration and social security | 454/9 | €5,763 | - | -€5,763 | |
| Other amounts payable | 47/48 | €207,317 | €84,867 | -€122,450 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €554 | +€554 | |
| Other operating charges | 640/8 | €939 | €922 | -€17 | -1.8% |
| Gross operating margin | 9900 | €219,231 | €195,795 | -€23,435 | -10.7% |
| Operating profit (loss) | 9901 | €218,292 | €194,320 | -€23,972 | -11.0% |
| Financial income | 75/76B | €10,161 | €11,758 | +€1,597 | +15.7% |
| Recurring financial income | 75 | €10,161 | €11,758 | +€1,597 | +15.7% |
| Financial charges | 65/66B | €9,921 | €11,645 | +€1,725 | +17.4% |
| Recurring financial charges | 65 | €9,921 | €11,645 | +€1,725 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €218,532 | €194,433 | -€24,100 | -11.0% |
| Income taxes | 67/77 | €50,661 | €44,645 | -€6,016 | -11.9% |
| Profit (loss) for the period | 9904 | €167,872 | €149,788 | -€18,084 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €167,872 | €149,788 | -€18,084 | -10.8% |
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 16 October 2026 via checked.be.