LIEVE HEER: 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.
LIEVE HEER
Largest movements
- Receivables within one year +€37,070
up €37,070 (+4,374%), from €848 to €37,918
- Cash -€13,290
down €13,290 (-93.8%), from €14,171 to €881
mainly Receivables within one year (-€37,070) and Debts after one year (-€5,250)
- Tangible fixed assets -€3,506
down €3,506 (-16.0%), from €21,952 to €18,446
of which Land and buildings: -€2,896
- Profit (loss) carried forward +€15,122
up €15,122 (+32.7%), from -€46,243 to -€31,121
- Tax, wage and social debts +€12,035
up €12,035 (+35.3%), from €34,051 to €46,086
of which Taxes: +€28,292
- Debts after one year -€5,250
no longer reported in 2025 (was €5,250)
- Trade debts -€1,375
down €1,375 (-10.4%), from €13,177 to €11,801
- Advances received -€1,085
no longer reported in 2025 (was €1,085)
- Staff costs +€69,726
up €69,726 (+43.3%), from €161,120 to €230,846
- Gross operating margin +€51,920
up €51,920 (+25.3%), from €204,986 to €256,906
- Depreciation -€2,709
down €2,709 (-39.0%), from €6,951 to €4,242
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 | €41,526 | €61,816 | +€20,290 | +48.9% |
| Fixed assets | 21/28 | €21,952 | €18,446 | -€3,506 | -16.0% |
| Tangible fixed assets | 22/27 | €21,952 | €18,446 | -€3,506 | -16.0% |
| Land and buildings | 22 | €18,414 | €15,518 | -€2,896 | -15.7% |
| Plant, machinery and equipment | 23 | €2,583 | €2,452 | -€132 | -5.1% |
| Furniture and vehicles | 24 | €955 | €476 | -€479 | -50.1% |
| Current assets | 29/58 | €19,574 | €43,370 | +€23,796 | +122% |
| Stocks and contracts in progress | 3 | €4,555 | €4,571 | +€16 | +0.4% |
| Stocks | 30/36 | €4,555 | €4,571 | +€16 | +0.4% |
| Amounts receivable within one year | 40/41 | €848 | €37,918 | +€37,070 | +4,374% |
| Other amounts receivable | 41 | €848 | €37,918 | +€37,070 | +4,374% |
| Cash at bank and in hand | 54/58 | €14,171 | €881 | -€13,290 | -93.8% |
| Total equity and liabilities | 10/49 | €41,526 | €61,816 | +€20,290 | +48.9% |
| Equity | 10/15 | -€12,143 | €2,979 | +€15,122 | |
| Contributions | 10/11 | €34,100 | €34,100 | = | 0.0% |
| Contributions outside capital | 11 | €34,100 | - | -€34,100 | |
| Other | 1109/19 | €34,100 | - | -€34,100 | |
| Profit (loss) carried forward | 14 | -€46,243 | -€31,121 | +€15,122 | +32.7% |
| Amounts payable | 17/49 | €53,669 | €58,837 | +€5,168 | +9.6% |
| Amounts payable after more than one year | 17 | €5,250 | - | -€5,250 | |
| Financial debts | 170/4 | €5,250 | - | -€5,250 | |
| Amounts payable within one year | 42/48 | €48,419 | €58,837 | +€10,418 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | - | €950 | +€950 | |
| Trade debts | 44 | €13,177 | €11,801 | -€1,375 | -10.4% |
| Suppliers | 440/4 | €13,177 | €11,801 | -€1,375 | -10.4% |
| Advances received on contracts in progress | 46 | €1,085 | - | -€1,085 | |
| Taxes, remuneration and social security | 45 | €34,051 | €46,086 | +€12,035 | +35.3% |
| Taxes | 450/3 | €17,794 | €46,086 | +€28,292 | +159% |
| Remuneration and social security | 454/9 | €16,258 | - | -€16,258 | |
| Other amounts payable | 47/48 | €106 | - | -€106 | |
| Remuneration, social security and pensions | 62 | €161,120 | €230,846 | +€69,726 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,951 | €4,242 | -€2,709 | -39.0% |
| Other operating charges | 640/8 | €3,245 | €5,180 | +€1,935 | +59.6% |
| Gross operating margin | 9900 | €204,986 | €256,906 | +€51,920 | +25.3% |
| Operating profit (loss) | 9901 | €33,670 | €16,639 | -€17,032 | -50.6% |
| Financial income | 75/76B | €705 | €1,091 | +€386 | +54.8% |
| Recurring financial income | 75 | €705 | €1,091 | +€386 | +54.8% |
| Financial charges | 65/66B | €1,918 | €2,608 | +€689 | +35.9% |
| Recurring financial charges | 65 | €1,918 | €2,608 | +€689 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €32,457 | €15,122 | -€17,335 | -53.4% |
| Profit (loss) for the period | 9904 | €32,457 | €15,122 | -€17,335 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,457 | €15,122 | -€17,335 | -53.4% |
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 27 October 2026 via checked.be.