LIETAR - DE CLERCQ: 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.
LIETAR - DE CLERCQ
Largest movements
- Cash -€8,614
down €8,614 (-9.4%), from €91,415 to €82,801
mainly Debts after one year (-€9,086) and Net result for the year (-€9,073)
- Tangible fixed assets -€5,916
down €5,916 (-15.5%), from €38,253 to €32,337
of which Plant, machinery and equipment: -€5,376
- Receivables within one year -€1,927
down €1,927 (-28.3%), from €6,810 to €4,883
- Debts after one year -€9,086
down €9,086 (-32.1%), from €28,329 to €19,244
- Reserves -€9,073
down €9,073 (-13.6%), from €66,770 to €57,698
- Tax, wage and social debts +€1,752
up €1,752 (+15.1%), from €11,603 to €13,355
of which Remuneration and social security: +€1,440
- Gross operating margin -€8,615
down €8,615 (-16.6%), from €51,776 to €43,161
- Staff costs -€8,265
down €8,265 (-15.8%), from €52,470 to €44,205
- Depreciation -€635
down €635 (-9.7%), from €6,551 to €5,916
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 | €152,816 | €137,270 | -€15,546 | -10.2% |
| Fixed assets | 21/28 | €40,128 | €34,212 | -€5,916 | -14.7% |
| Tangible fixed assets | 22/27 | €38,253 | €32,337 | -€5,916 | -15.5% |
| Plant, machinery and equipment | 23 | €37,612 | €32,236 | -€5,376 | -14.3% |
| Furniture and vehicles | 24 | €641 | €102 | -€539 | -84.1% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €112,688 | €103,057 | -€9,631 | -8.5% |
| Stocks and contracts in progress | 3 | €12,110 | €13,322 | +€1,212 | +10.0% |
| Stocks | 30/36 | €12,110 | €13,322 | +€1,212 | +10.0% |
| Amounts receivable within one year | 40/41 | €6,810 | €4,883 | -€1,927 | -28.3% |
| Trade receivables | 40 | €6,810 | €4,883 | -€1,927 | -28.3% |
| Cash at bank and in hand | 54/58 | €91,415 | €82,801 | -€8,614 | -9.4% |
| Deferred charges and accrued income | 490/1 | €2,353 | €2,052 | -€301 | -12.8% |
| Total equity and liabilities | 10/49 | €152,816 | €137,270 | -€15,546 | -10.2% |
| Equity | 10/15 | €85,370 | €76,298 | -€9,073 | -10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,770 | €57,698 | -€9,073 | -13.6% |
| Distributable reserves | 133 | €66,770 | €57,698 | -€9,073 | -13.6% |
| Amounts payable | 17/49 | €67,445 | €60,972 | -€6,474 | -9.6% |
| Amounts payable after more than one year | 17 | €28,329 | €19,244 | -€9,086 | -32.1% |
| Financial debts | 170/4 | €28,329 | €19,244 | -€9,086 | -32.1% |
| Amounts payable within one year | 42/48 | €38,204 | €40,483 | +€2,280 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €8,712 | €9,086 | +€374 | +4.3% |
| Trade debts | 44 | €6,636 | €7,005 | +€370 | +5.6% |
| Suppliers | 440/4 | €6,636 | €7,005 | +€370 | +5.6% |
| Taxes, remuneration and social security | 45 | €11,603 | €13,355 | +€1,752 | +15.1% |
| Taxes | 450/3 | €3,090 | €3,402 | +€312 | +10.1% |
| Remuneration and social security | 454/9 | €8,513 | €9,953 | +€1,440 | +16.9% |
| Other amounts payable | 47/48 | €11,253 | €11,037 | -€216 | -1.9% |
| Accrued charges and deferred income | 492/3 | €912 | €1,245 | +€332 | +36.4% |
| Remuneration, social security and pensions | 62 | €52,470 | €44,205 | -€8,265 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,551 | €5,916 | -€635 | -9.7% |
| Other operating charges | 640/8 | €577 | €593 | +€16 | +2.8% |
| Gross operating margin | 9900 | €51,776 | €43,161 | -€8,615 | -16.6% |
| Operating profit (loss) | 9901 | -€7,821 | -€7,553 | +€268 | +3.4% |
| Financial income | 75/76B | €3 | €26 | +€22 | +639.6% |
| Recurring financial income | 75 | €3 | €26 | +€22 | +639.6% |
| Financial charges | 65/66B | €1,676 | €1,545 | -€131 | -7.8% |
| Recurring financial charges | 65 | €1,676 | €1,545 | -€131 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,494 | -€9,073 | +€422 | +4.4% |
| Profit (loss) for the period | 9904 | -€9,494 | -€9,073 | +€422 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,494 | -€9,073 | +€422 | +4.4% |
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 6 October 2026 via checked.be.