LIEVEN VB: 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.
LIEVEN VB
Largest movements
- Cash +€29,712
up €29,712 (+7.3%), from €405,785 to €435,497
mainly Other debts (+€552,039) and Net result for the year (+€141,071)
- Tangible fixed assets -€10,151
down €10,151 (-7.2%), from €141,102 to €130,950
of which Furniture and vehicles: -€12,100
- Receivables within one year +€9,629
up €9,629 (+5.1%), from €188,887 to €198,516
of which Other amounts receivable: +€9,208
- Other debts +€552,039
up €552,039, from €0 to €552,039
- Reserves -€520,000
down €520,000 (-72.8%), from €713,966 to €193,966
- Accrued charges and deferred income +€16,214
new in 2025: €16,214
- Trade debts -€9,147
down €9,147 (-100.0%), from €9,147 to €0
- Gross operating margin -€27,589
down €27,589 (-11.2%), from €246,818 to €219,229
- Financial charges +€15,878
up €15,878 (+4068.8%), from €390 to €16,268
- Depreciation +€11,169
up €11,169 (+95.3%), from €11,723 to €22,892
- Taxes -€11,130
down €11,130 (-21.4%), from €52,009 to €40,879
- Financial income +€2,515
up €2,515 (+50304.2%), from €5 to €2,520
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 | €782,759 | €814,329 | +€31,570 | +4.0% |
| Fixed assets | 21/28 | €188,087 | €177,936 | -€10,151 | -5.4% |
| Tangible fixed assets | 22/27 | €141,102 | €130,950 | -€10,151 | -7.2% |
| Furniture and vehicles | 24 | €55,683 | €43,583 | -€12,100 | -21.7% |
| Other tangible fixed assets | 26 | €85,418 | €87,367 | +€1,949 | +2.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €46,985 | €46,985 | = | 0.0% |
| Current assets | 29/58 | €594,672 | €636,393 | +€41,721 | +7.0% |
| Amounts receivable within one year | 40/41 | €188,887 | €198,516 | +€9,629 | +5.1% |
| Trade receivables | 40 | €187,218 | €187,640 | +€421 | +0.2% |
| Other amounts receivable | 41 | €1,669 | €10,877 | +€9,208 | +551.8% |
| Cash at bank and in hand | 54/58 | €405,785 | €435,497 | +€29,712 | +7.3% |
| Deferred charges and accrued income | 490/1 | €0 | €2,380 | +€2,380 | |
| Total equity and liabilities | 10/49 | €782,759 | €814,329 | +€31,570 | +4.0% |
| Equity | 10/15 | €713,967 | €193,967 | -€520,000 | -72.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €713,966 | €193,966 | -€520,000 | -72.8% |
| Distributable reserves | 133 | €713,966 | €193,966 | -€520,000 | -72.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,792 | €620,362 | +€551,570 | +801.8% |
| Amounts payable within one year | 42/48 | €68,792 | €604,148 | +€535,355 | +778.2% |
| Trade debts | 44 | €9,147 | €0 | -€9,147 | -100.0% |
| Suppliers | 440/4 | €9,147 | €0 | -€9,147 | -100.0% |
| Taxes, remuneration and social security | 45 | €59,646 | €52,109 | -€7,537 | -12.6% |
| Taxes | 450/3 | €56,237 | €48,689 | -€7,548 | -13.4% |
| Remuneration and social security | 454/9 | €3,408 | €3,420 | +€11 | +0.3% |
| Other amounts payable | 47/48 | €0 | €552,039 | +€552,039 | |
| Accrued charges and deferred income | 492/3 | - | €16,214 | +€16,214 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,723 | €22,892 | +€11,169 | +95.3% |
| Other operating charges | 640/8 | €635 | €638 | +€4 | +0.6% |
| Gross operating margin | 9900 | €246,818 | €219,229 | -€27,589 | -11.2% |
| Operating profit (loss) | 9901 | €234,460 | €195,699 | -€38,761 | -16.5% |
| Financial income | 75/76B | €5 | €2,520 | +€2,515 | +50304.2% |
| Recurring financial income | 75 | €5 | €2,520 | +€2,515 | +50304.2% |
| Financial charges | 65/66B | €390 | €16,268 | +€15,878 | +4068.8% |
| Recurring financial charges | 65 | €390 | €16,268 | +€15,878 | +4068.8% |
| Profit (loss) for the period before taxes | 9903 | €234,075 | €181,951 | -€52,124 | -22.3% |
| Income taxes | 67/77 | €52,009 | €40,879 | -€11,130 | -21.4% |
| Profit (loss) for the period | 9904 | €182,066 | €141,071 | -€40,994 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €182,066 | €141,071 | -€40,994 | -22.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.