LIEVENS: 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.
LIEVENS
Largest movements
- Tangible fixed assets -€147,911
down €147,911 (-5.0%), from €3.0m to €2.8m
of which Land and buildings: -€142,769
- Receivables within one year -€38,841
down €38,841 (-34.3%), from €113,132 to €74,291
of which Other amounts receivable: -€21,147
- Cash +€38,254
up €38,254 (+85.8%), from €44,595 to €82,850
mainly Net result for the year (+€274,660) and Depreciation (+€148,838)
- Debts after one year -€234,374
down €234,374 (-11.5%), from €2.0m to €1.8m
- Other debts +€110,000
up €110,000, from €0 to €110,000
- Reserves +€55,000
up €55,000 (+6.5%), from €852,448 to €907,448
of which Distributable reserves: +€55,000
- Other operating charges -€29,407
down €29,407 (-96.7%), from €30,413 to €1,006
- Gross operating margin +€11,772
up €11,772 (+2.2%), from €535,498 to €547,270
- Taxes +€10,271
up €10,271 (+12.6%), from €81,282 to €91,553
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 | €3,322,119 | €3,203,566 | -€118,553 | -3.6% |
| Formation expenses | 20 | €1,134 | €206 | -€928 | -81.8% |
| Fixed assets | 21/28 | €2,970,986 | €2,823,076 | -€147,911 | -5.0% |
| Tangible fixed assets | 22/27 | €2,970,986 | €2,823,076 | -€147,911 | -5.0% |
| Land and buildings | 22 | €2,885,003 | €2,742,235 | -€142,769 | -4.9% |
| Plant, machinery and equipment | 23 | €85,983 | €80,841 | -€5,142 | -6.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €349,999 | €380,284 | +€30,285 | +8.7% |
| Amounts receivable within one year | 40/41 | €113,132 | €74,291 | -€38,841 | -34.3% |
| Trade receivables | 40 | €90,882 | €73,188 | -€17,694 | -19.5% |
| Other amounts receivable | 41 | €22,250 | €1,103 | -€21,147 | -95.0% |
| Current investments | 50/53 | €190,000 | €220,000 | +€30,000 | +15.8% |
| Cash at bank and in hand | 54/58 | €44,595 | €82,850 | +€38,254 | +85.8% |
| Deferred charges and accrued income | 490/1 | €2,272 | €3,143 | +€872 | +38.4% |
| Total equity and liabilities | 10/49 | €3,322,119 | €3,203,566 | -€118,553 | -3.6% |
| Equity | 10/15 | €919,027 | €973,687 | +€54,660 | +5.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €852,448 | €907,448 | +€55,000 | +6.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,248 | €16,248 | = | 0.0% |
| Distributable reserves | 133 | €830,000 | €885,000 | +€55,000 | +6.6% |
| Profit (loss) carried forward | 14 | €4,579 | €4,238 | -€340 | -7.4% |
| Amounts payable | 17/49 | €2,403,093 | €2,229,879 | -€173,213 | -7.2% |
| Amounts payable after more than one year | 17 | €2,046,196 | €1,811,821 | -€234,374 | -11.5% |
| Financial debts | 170/4 | €2,046,196 | €1,811,821 | -€234,374 | -11.5% |
| Amounts payable within one year | 42/48 | €306,568 | €363,327 | +€56,759 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €234,206 | €234,374 | +€169 | +0.1% |
| Trade debts | 44 | €37,189 | €6,130 | -€31,059 | -83.5% |
| Suppliers | 440/4 | €37,189 | €6,130 | -€31,059 | -83.5% |
| Taxes, remuneration and social security | 45 | €35,173 | €12,822 | -€22,351 | -63.5% |
| Taxes | 450/3 | €35,173 | €12,822 | -€22,351 | -63.5% |
| Other amounts payable | 47/48 | €0 | €110,000 | +€110,000 | |
| Accrued charges and deferred income | 492/3 | €50,329 | €54,731 | +€4,402 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,838 | €148,838 | = | 0.0% |
| Other operating charges | 640/8 | €30,413 | €1,006 | -€29,407 | -96.7% |
| Gross operating margin | 9900 | €535,498 | €547,270 | +€11,772 | +2.2% |
| Operating profit (loss) | 9901 | €356,247 | €397,426 | +€41,179 | +11.6% |
| Financial income | 75/76B | €4,795 | €6,354 | +€1,559 | +32.5% |
| Recurring financial income | 75 | €4,795 | €6,354 | +€1,559 | +32.5% |
| Financial charges | 65/66B | €39,878 | €37,567 | -€2,311 | -5.8% |
| Recurring financial charges | 65 | €39,878 | €37,567 | -€2,311 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €321,164 | €366,213 | +€45,049 | +14.0% |
| Income taxes | 67/77 | €81,282 | €91,553 | +€10,271 | +12.6% |
| Profit (loss) for the period | 9904 | €239,882 | €274,660 | +€34,778 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €239,882 | €274,660 | +€34,778 | +14.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.