LIEVAIR: 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.
What changed
LIEVAIR
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€992,055
2024 · €1.5m-€473,738
Equity
€16.4m
2024 · €15.9m+€506,655
Cash
€270,464
2024 · €61,085+€209,380
Balance sheet total
€20.0m
2024 · €19.3m+€791,143
Largest movements
Assets
- Tangible fixed assets +€2.0m
up €2.0m (+114%), from €1.7m to €3.7m
of which Assets under construction and advance payments: +€2.0m
- Receivables within one year -€1.9m
down €1.9m (-83.1%), from €2.3m to €382,501
of which Other amounts receivable: -€1.9m
- Receivables after one year +€423,172
up €423,172 (+33.8%), from €1.3m to €1.7m
- Cash +€209,380
up €209,380 (+343%), from €61,085 to €270,464
mainly Receivables within one year (+€1.9m) and Net result for the year (+€992,055)
Equity and liabilities
- Trade debts +€531,008
up €531,008 (+1,174%), from €45,232 to €576,240
- Debts after one year -€514,588
down €514,588 (-67.9%), from €757,888 to €243,300
- Reserves +€492,055
up €492,055 (+3.3%), from €14.7m to €15.2m
of which Distributable reserves: +€492,055
- Other debts +€240,917
up €240,917 (+24.1%), from €1.0m to €1.2m
Income statement
- Turnover -€647,886
down €647,886 (-29.4%), from €2.2m to €1.6m
- Taxes -€168,746
down €168,746 (-33.0%), from €511,433 to €342,687
of which Taxes: -€168,233
- Financial income -€33,972
down €33,972 (-28.8%), from €117,789 to €83,818
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.
Result 2024
€1.5m
Turnover
-€647,886
Other operating income
+€133
Services and other goods
+€13,793
Staff costs
+€8,159
Depreciation
+€2,004
Other operating charges
-€3,152
Other operating items
+€7,748
Financial income
-€33,972
Financial charges
+€10,689
Taxes
+€168,746
Result 2025
€992,055
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.3m
Investment
-€2.0m
Financing
-€1.1m
Cash 2024
€61,085
From operations (derived)
+€3.3m
Net result for the year
+€992,055
Depreciation
+€40,517
Receivables after one year
-€423,172
Receivables within one year
+€1.9m
Deferred charges and accrued income
-€64,334
Trade debts
+€531,008
Tax, wage and social debts
+€131,673
Other debts
+€240,917
Accrued charges and deferred income
-€3,392
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
-€1.1m
Debts after one year
-€514,588
Current portion of long-term debt
-€101,130
Contributions, distributions and other
-€485,400
Cash 2025
€270,464
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,253,972 | €20,045,114 | +€791,143 | +4.1% |
| Fixed assets | 21/28 | €15,676,693 | €17,647,391 | +€2.0m | +12.6% |
| Tangible fixed assets | 22/27 | €1,732,359 | €3,703,056 | +€2.0m | +114% |
| Land and buildings | 22 | €1,424,768 | €1,404,431 | -€20,337 | -1.4% |
| Furniture and vehicles | 24 | €29,399 | €42,828 | +€13,429 | +45.7% |
| Other tangible fixed assets | 26 | €274,782 | €289,382 | +€14,600 | +5.3% |
| Assets under construction and advance payments | 27 | €3,410 | €1,966,415 | +€2.0m | +57,574% |
| Financial fixed assets | 28 | €13,944,334 | €13,944,334 | = | 0.0% |
| Affiliated companies | 280/1 | €13,944,334 | €13,944,334 | = | 0.0% |
| Participating interests | 280 | €13,944,334 | €13,944,334 | = | 0.0% |
| Current assets | 29/58 | €3,577,278 | €2,397,724 | -€1.2m | -33.0% |
| Amounts receivable after more than one year | 29 | €1,253,471 | €1,676,643 | +€423,172 | +33.8% |
| Other amounts receivable | 291 | €1,253,471 | €1,676,643 | +€423,172 | +33.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,258,941 | €382,501 | -€1.9m | -83.1% |
| Trade receivables | 40 | €38,912 | €17,834 | -€21,078 | -54.2% |
| Other amounts receivable | 41 | €2,220,029 | €364,667 | -€1.9m | -83.6% |
| Cash at bank and in hand | 54/58 | €61,085 | €270,464 | +€209,380 | +343% |
| Deferred charges and accrued income | 490/1 | €3,782 | €68,116 | +€64,334 | +1,701% |
| Total equity and liabilities | 10/49 | €19,253,972 | €20,045,114 | +€791,143 | +4.1% |
| Equity | 10/15 | €15,920,154 | €16,426,809 | +€506,655 | +3.2% |
| Contributions | 10/11 | €368,270 | €368,270 | = | 0.0% |
| Capital | 10 | €368,270 | €368,270 | = | 0.0% |
| Issued capital | 100 | €368,270 | €368,270 | = | 0.0% |
| Revaluation surpluses | 12 | €827,892 | €842,492 | +€14,600 | +1.8% |
| Reserves | 13 | €14,723,992 | €15,216,047 | +€492,055 | +3.3% |
| Non-distributable reserves | 130/1 | €36,827 | €36,827 | = | 0.0% |
| Legal reserve | 130 | €36,827 | €36,827 | = | 0.0% |
| Distributable reserves | 133 | €14,687,165 | €15,179,220 | +€492,055 | +3.4% |
| Amounts payable | 17/49 | €3,333,818 | €3,618,306 | +€284,488 | +8.5% |
| Amounts payable after more than one year | 17 | €757,888 | €243,300 | -€514,588 | -67.9% |
| Financial debts | 170/4 | €757,888 | €243,300 | -€514,588 | -67.9% |
| Credit institutions | 173 | €757,888 | €243,300 | -€514,588 | -67.9% |
| Amounts payable within one year | 42/48 | €2,544,585 | €3,347,053 | +€802,468 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €1,274,659 | €1,173,529 | -€101,130 | -7.9% |
| Trade debts | 44 | €45,232 | €576,240 | +€531,008 | +1,174% |
| Suppliers | 440/4 | €45,232 | €576,240 | +€531,008 | +1,174% |
| Taxes, remuneration and social security | 45 | €224,566 | €356,238 | +€131,673 | +58.6% |
| Taxes | 450/3 | €168,252 | €324,112 | +€155,861 | +92.6% |
| Remuneration and social security | 454/9 | €56,314 | €32,126 | -€24,188 | -43.0% |
| Other amounts payable | 47/48 | €1,000,129 | €1,241,046 | +€240,917 | +24.1% |
| Accrued charges and deferred income | 492/3 | €31,345 | €27,953 | -€3,392 | -10.8% |
| Operating income | 70/76A | €2,712,975 | €2,072,970 | -€640,005 | -23.6% |
| Turnover | 70 | €2,204,775 | €1,556,889 | -€647,886 | -29.4% |
| Other operating income | 74 | €508,200 | €508,333 | +€133 | 0.0% |
| Non-recurring operating income | 76A | - | €7,748 | +€7,748 | |
| Operating charges | 60/66A | €787,689 | €766,885 | -€20,804 | -2.6% |
| Services and other goods | 61 | €443,885 | €430,092 | -€13,793 | -3.1% |
| Remuneration, social security and pensions | 62 | €298,008 | €289,849 | -€8,159 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,521 | €40,517 | -€2,004 | -4.7% |
| Other operating charges | 640/8 | €3,275 | €6,427 | +€3,152 | +96.2% |
| Operating profit (loss) | 9901 | €1,925,286 | €1,306,085 | -€619,201 | -32.2% |
| Financial income | 75/76B | €117,789 | €83,818 | -€33,972 | -28.8% |
| Recurring financial income | 75 | €117,789 | €83,818 | -€33,972 | -28.8% |
| Income from current assets | 751 | €117,789 | €83,818 | -€33,972 | -28.8% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €65,850 | €55,161 | -€10,689 | -16.2% |
| Recurring financial charges | 65 | €65,850 | €55,161 | -€10,689 | -16.2% |
| Debt charges | 650 | €64,332 | €52,664 | -€11,668 | -18.1% |
| Other financial charges | 652/9 | €1,518 | €2,497 | +€980 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €1,977,226 | €1,334,742 | -€642,484 | -32.5% |
| Income taxes | 67/77 | €511,433 | €342,687 | -€168,746 | -33.0% |
| Taxes | 670/3 | €511,433 | €343,200 | -€168,233 | -32.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €513 | +€513 | |
| Profit (loss) for the period | 9904 | €1,465,793 | €992,055 | -€473,738 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,465,793 | €992,055 | -€473,738 | -32.3% |
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 29 October 2026 via checked.be.