LIEVANS: 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.
LIEVANS
Largest movements
- Receivables within one year -€9,498
down €9,498 (-44.9%), from €21,163 to €11,664
of which Trade receivables: -€16,940
- Cash +€8,233
up €8,233 (+12.3%), from €66,862 to €75,094
mainly Net result for the year (+€106,210) and Debts after one year (+€53,000)
- Tangible fixed assets -€7,005
down €7,005 (-30.8%), from €22,747 to €15,741
of which Furniture and vehicles: -€5,855
- Reserves -€94,340
no longer reported in 2025 (was €94,340)
- Debts after one year +€53,000
new in 2025: €53,000
- Other debts +€29,092
up €29,092 (+328%), from €8,881 to €37,973
- Tax, wage and social debts +€2,766
up €2,766 (+58.8%), from €4,705 to €7,470
- Gross operating margin +€86,949
up €86,949 (+134%), from €64,681 to €151,630
- Taxes +€21,558
up €21,558 (+137%), from €15,777 to €37,336
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 | €110,893 | €102,622 | -€8,271 | -7.5% |
| Fixed assets | 21/28 | €22,747 | €15,741 | -€7,005 | -30.8% |
| Tangible fixed assets | 22/27 | €22,747 | €15,741 | -€7,005 | -30.8% |
| Furniture and vehicles | 24 | €12,353 | €6,497 | -€5,855 | -47.4% |
| Other tangible fixed assets | 26 | €10,394 | €9,244 | -€1,150 | -11.1% |
| Current assets | 29/58 | €88,147 | €86,881 | -€1,266 | -1.4% |
| Amounts receivable within one year | 40/41 | €21,163 | €11,664 | -€9,498 | -44.9% |
| Trade receivables | 40 | €16,940 | - | -€16,940 | |
| Other amounts receivable | 41 | €4,223 | €11,664 | +€7,442 | +176% |
| Cash at bank and in hand | 54/58 | €66,862 | €75,094 | +€8,233 | +12.3% |
| Deferred charges and accrued income | 490/1 | €122 | €122 | -€0 | -0.2% |
| Total equity and liabilities | 10/49 | €110,893 | €102,622 | -€8,271 | -7.5% |
| Equity | 10/15 | €96,740 | €2,400 | -€94,340 | -97.5% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €94,340 | - | -€94,340 | |
| Distributable reserves | 133 | €94,340 | - | -€94,340 | |
| Amounts payable | 17/49 | €14,153 | €100,222 | +€86,069 | +608% |
| Amounts payable after more than one year | 17 | - | €53,000 | +€53,000 | |
| Other amounts payable | 178/9 | - | €53,000 | +€53,000 | |
| Amounts payable within one year | 42/48 | €13,672 | €46,303 | +€32,631 | +239% |
| Trade debts | 44 | €87 | €860 | +€773 | +892% |
| Suppliers | 440/4 | €87 | €860 | +€773 | +892% |
| Taxes, remuneration and social security | 45 | €4,705 | €7,470 | +€2,766 | +58.8% |
| Taxes | 450/3 | €4,705 | €7,470 | +€2,766 | +58.8% |
| Other amounts payable | 47/48 | €8,881 | €37,973 | +€29,092 | +328% |
| Accrued charges and deferred income | 492/3 | €480 | €919 | +€438 | +91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,961 | €7,005 | +€44 | +0.6% |
| Other operating charges | 640/8 | €171 | €120 | -€51 | -29.8% |
| Gross operating margin | 9900 | €64,681 | €151,630 | +€86,949 | +134% |
| Operating profit (loss) | 9901 | €57,548 | €144,505 | +€86,956 | +151% |
| Financial charges | 65/66B | €519 | €959 | +€440 | +84.7% |
| Recurring financial charges | 65 | €519 | €959 | +€440 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €57,029 | €143,546 | +€86,517 | +152% |
| Income taxes | 67/77 | €15,777 | €37,336 | +€21,558 | +137% |
| Profit (loss) for the period | 9904 | €41,252 | €106,210 | +€64,958 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €41,252 | €106,210 | +€64,958 | +157% |
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 15 October 2026 via checked.be.