LIETEX: 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.
LIETEX
Largest movements
- Receivables within one year -€13,847
down €13,847 (-54.0%), from €25,625 to €11,778
of which Trade receivables: -€15,456
- Cash +€12,983
up €12,983 (+445.6%), from €2,914 to €15,897
mainly Depreciation (+€18,969) and Receivables within one year (+€13,847)
- Tangible fixed assets -€7,035
down €7,035 (-21.6%), from €32,520 to €25,485
of which Furniture and vehicles: -€6,840
- Stocks and contracts -€6,272
down €6,272 (-7.2%), from €87,501 to €81,229
- Trade debts -€16,378
down €16,378 (-29.1%), from €56,227 to €39,850
- Profit (loss) carried forward +€11,708
up €11,708 (+1.3%), from -€922,271 to -€910,564
- Other debts -€5,868
down €5,868 (-2.2%), from €266,398 to €260,530
- Tax, wage and social debts -€2,737
no longer reported in 2025 (was €2,737)
- Gross operating margin -€10,471
down €10,471 (-23.4%), from €44,697 to €34,226
- Financial income +€1,638
up €1,638 (+1387.6%), from €118 to €1,756
- Depreciation +€1,236
up €1,236 (+7.0%), from €17,733 to €18,969
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 | €149,914 | €136,528 | -€13,386 | -8.9% |
| Fixed assets | 21/28 | €33,520 | €26,485 | -€7,035 | -21.0% |
| Tangible fixed assets | 22/27 | €32,520 | €25,485 | -€7,035 | -21.6% |
| Plant, machinery and equipment | 23 | €24,294 | €24,098 | -€195 | -0.8% |
| Furniture and vehicles | 24 | €8,227 | €1,387 | -€6,840 | -83.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €116,394 | €110,042 | -€6,351 | -5.5% |
| Stocks and contracts in progress | 3 | €87,501 | €81,229 | -€6,272 | -7.2% |
| Stocks | 30/36 | €87,501 | €81,229 | -€6,272 | -7.2% |
| Amounts receivable within one year | 40/41 | €25,625 | €11,778 | -€13,847 | -54.0% |
| Trade receivables | 40 | €16,957 | €1,500 | -€15,456 | -91.2% |
| Other amounts receivable | 41 | €8,668 | €10,277 | +€1,610 | +18.6% |
| Cash at bank and in hand | 54/58 | €2,914 | €15,897 | +€12,983 | +445.6% |
| Deferred charges and accrued income | 490/1 | €355 | €1,139 | +€784 | +221.0% |
| Total equity and liabilities | 10/49 | €149,914 | €136,528 | -€13,386 | -8.9% |
| Equity | 10/15 | -€179,511 | -€167,804 | +€11,708 | +6.5% |
| Contributions | 10/11 | €375,651 | €375,651 | = | 0.0% |
| Capital | 10 | €321,022 | €321,022 | = | 0.0% |
| Issued capital | 100 | €321,022 | €321,022 | = | 0.0% |
| Outside capital | 11 | €54,628 | €54,628 | = | 0.0% |
| Share premium | 1100/10 | €54,628 | €54,628 | = | 0.0% |
| Reserves | 13 | €367,110 | €367,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Distributable reserves | 133 | €349,757 | €349,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€922,271 | -€910,564 | +€11,708 | +1.3% |
| Amounts payable | 17/49 | €329,425 | €304,331 | -€25,094 | -7.6% |
| Amounts payable within one year | 42/48 | €325,362 | €300,379 | -€24,982 | -7.7% |
| Trade debts | 44 | €56,227 | €39,850 | -€16,378 | -29.1% |
| Suppliers | 440/4 | €56,227 | €39,850 | -€16,378 | -29.1% |
| Taxes, remuneration and social security | 45 | €2,737 | - | -€2,737 | |
| Taxes | 450/3 | €2,737 | - | -€2,737 | |
| Other amounts payable | 47/48 | €266,398 | €260,530 | -€5,868 | -2.2% |
| Accrued charges and deferred income | 492/3 | €4,063 | €3,952 | -€111 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,733 | €18,969 | +€1,236 | +7.0% |
| Other operating charges | 640/8 | €1,025 | €974 | -€52 | -5.0% |
| Gross operating margin | 9900 | €44,697 | €34,226 | -€10,471 | -23.4% |
| Operating profit (loss) | 9901 | €25,939 | €14,283 | -€11,656 | -44.9% |
| Financial income | 75/76B | €118 | €1,756 | +€1,638 | +1387.6% |
| Recurring financial income | 75 | €118 | €1,756 | +€1,638 | +1387.6% |
| Financial charges | 65/66B | €4,309 | €4,331 | +€22 | +0.5% |
| Recurring financial charges | 65 | €4,309 | €4,331 | +€22 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €21,748 | €11,708 | -€10,040 | -46.2% |
| Profit (loss) for the period | 9904 | €21,748 | €11,708 | -€10,040 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,748 | €11,708 | -€10,040 | -46.2% |
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.