LIEVEN CAPOEN: 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.
LIEVEN CAPOEN
Largest movements
- Receivables after one year -€260,957
no longer reported in 2025 (was €260,957)
- Receivables within one year +€164,029
up €164,029 (+169%), from €97,019 to €261,048
- Cash -€15,666
down €15,666 (-2.4%), from €657,184 to €641,518
mainly Receivables within one year (-€164,029) and Other debts (-€127,731)
- Other debts -€127,731
down €127,731 (-28.1%), from €455,243 to €327,511
- Profit (loss) carried forward +€11,719
up €11,719 (+5.4%), from -€218,296 to -€206,577
- Depreciation -€6,783
down €6,783 (-91.3%), from €7,427 to €644
- Gross operating margin +€2,741
up €2,741 (+5.7%), from €48,043 to €50,784
- Taxes +€2,200
new in 2025: €2,200
- Financial charges +€1,926
up €1,926 (+6.5%), from €29,838 to €31,764
- Financial income -€620
down €620 (-8.8%), from €7,020 to €6,401
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 | €1,043,328 | €930,091 | -€113,236 | -10.9% |
| Fixed assets | 21/28 | €23,235 | €22,590 | -€644 | -2.8% |
| Tangible fixed assets | 22/27 | €23,235 | €22,590 | -€644 | -2.8% |
| Land and buildings | 22 | €23,235 | €22,590 | -€644 | -2.8% |
| Current assets | 29/58 | €1,020,093 | €907,501 | -€112,592 | -11.0% |
| Amounts receivable after more than one year | 29 | €260,957 | - | -€260,957 | |
| Other amounts receivable | 291 | €260,957 | - | -€260,957 | |
| Amounts receivable within one year | 40/41 | €97,019 | €261,048 | +€164,029 | +169% |
| Other amounts receivable | 41 | €97,019 | €261,048 | +€164,029 | +169% |
| Cash at bank and in hand | 54/58 | €657,184 | €641,518 | -€15,666 | -2.4% |
| Deferred charges and accrued income | 490/1 | €4,933 | €4,935 | +€2 | 0.0% |
| Total equity and liabilities | 10/49 | €1,043,328 | €930,091 | -€113,236 | -10.9% |
| Equity | 10/15 | €579,145 | €590,864 | +€11,719 | +2.0% |
| Contributions | 10/11 | €605,000 | €605,000 | = | 0.0% |
| Reserves | 13 | €192,441 | €192,441 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Other | 1319 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €180,441 | €180,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,296 | -€206,577 | +€11,719 | +5.4% |
| Amounts payable | 17/49 | €464,182 | €339,227 | -€124,955 | -26.9% |
| Amounts payable within one year | 42/48 | €464,182 | €339,227 | -€124,955 | -26.9% |
| Taxes, remuneration and social security | 45 | €8,940 | €11,716 | +€2,776 | +31.1% |
| Taxes | 450/3 | €8,940 | €11,716 | +€2,776 | +31.1% |
| Other amounts payable | 47/48 | €455,243 | €327,511 | -€127,731 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,427 | €644 | -€6,783 | -91.3% |
| Other operating charges | 640/8 | €10,748 | €10,856 | +€108 | +1.0% |
| Gross operating margin | 9900 | €48,043 | €50,784 | +€2,741 | +5.7% |
| Operating profit (loss) | 9901 | €29,868 | €39,283 | +€9,415 | +31.5% |
| Financial income | 75/76B | €7,020 | €6,401 | -€620 | -8.8% |
| Recurring financial income | 75 | €7,020 | €6,401 | -€620 | -8.8% |
| Financial charges | 65/66B | €29,838 | €31,764 | +€1,926 | +6.5% |
| Recurring financial charges | 65 | €29,838 | €31,764 | +€1,926 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €7,050 | €13,919 | +€6,869 | +97.4% |
| Income taxes | 67/77 | - | €2,200 | +€2,200 | |
| Profit (loss) for the period | 9904 | €7,050 | €11,719 | +€4,670 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,050 | €11,719 | +€4,670 | +66.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.