LIEVENS GINO: 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 GINO
Largest movements
- Receivables within one year -€24,813
down €24,813 (-38.6%), from €64,315 to €39,501
of which Other amounts receivable: -€15,937
- Tangible fixed assets +€4,759
up €4,759 (+327%), from €1,457 to €6,216
of which Furniture and vehicles: +€5,444
- Cash -€1,782
down €1,782 (-8.5%), from €20,932 to €19,150
mainly Contributions, distributions and other (-€25,000) and Net result for the year (-€13,466)
- Reserves -€25,000
down €25,000 (-36.5%), from €68,427 to €43,427
- Trade debts +€17,676
up €17,676 (+2,855%), from €619 to €18,295
- Profit (loss) carried forward -€13,466
down €13,466, from €3,333 to -€10,133
- Tax, wage and social debts -€1,047
down €1,047 (-9.2%), from €11,440 to €10,393
- Gross operating margin -€38,262
down €38,262, from €30,753 to -€7,509
- Taxes -€6,694
no longer reported in 2025 (was €6,694)
- Financial income -€885
down €885 (-42.3%), from €2,092 to €1,206
- Other operating charges +€464
up €464 (+96.2%), from €482 to €946
- Depreciation +€430
up €430 (+35.4%), from €1,216 to €1,646
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 | €86,819 | €64,983 | -€21,837 | -25.2% |
| Fixed assets | 21/28 | €1,572 | €6,331 | +€4,759 | +303% |
| Tangible fixed assets | 22/27 | €1,457 | €6,216 | +€4,759 | +327% |
| Plant, machinery and equipment | 23 | €1,457 | €772 | -€686 | -47.0% |
| Furniture and vehicles | 24 | - | €5,444 | +€5,444 | |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €85,247 | €58,652 | -€26,595 | -31.2% |
| Amounts receivable within one year | 40/41 | €64,315 | €39,501 | -€24,813 | -38.6% |
| Trade receivables | 40 | €17,012 | €8,136 | -€8,876 | -52.2% |
| Other amounts receivable | 41 | €47,303 | €31,366 | -€15,937 | -33.7% |
| Cash at bank and in hand | 54/58 | €20,932 | €19,150 | -€1,782 | -8.5% |
| Total equity and liabilities | 10/49 | €86,819 | €64,983 | -€21,837 | -25.2% |
| Equity | 10/15 | €74,760 | €36,294 | -€38,466 | -51.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,427 | €43,427 | -€25,000 | -36.5% |
| Distributable reserves | 133 | €68,427 | €43,427 | -€25,000 | -36.5% |
| Profit (loss) carried forward | 14 | €3,333 | -€10,133 | -€13,466 | |
| Amounts payable | 17/49 | €12,059 | €28,688 | +€16,629 | +138% |
| Amounts payable within one year | 42/48 | €12,059 | €28,688 | +€16,629 | +138% |
| Trade debts | 44 | €619 | €18,295 | +€17,676 | +2,855% |
| Suppliers | 440/4 | €619 | €18,295 | +€17,676 | +2,855% |
| Taxes, remuneration and social security | 45 | €11,440 | €10,393 | -€1,047 | -9.2% |
| Taxes | 450/3 | €11,440 | €10,393 | -€1,047 | -9.2% |
| Remuneration, social security and pensions | 62 | €190 | €389 | +€199 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216 | €1,646 | +€430 | +35.4% |
| Other operating charges | 640/8 | €482 | €946 | +€464 | +96.2% |
| Non-recurring operating charges | 66A | - | €3,917 | +€3,917 | |
| Gross operating margin | 9900 | €30,753 | -€7,509 | -€38,262 | |
| Operating profit (loss) | 9901 | €28,865 | -€14,407 | -€43,272 | |
| Financial income | 75/76B | €2,092 | €1,206 | -€885 | -42.3% |
| Recurring financial income | 75 | €2,092 | €1,206 | -€885 | -42.3% |
| Financial charges | 65/66B | €277 | €265 | -€12 | -4.2% |
| Recurring financial charges | 65 | €277 | €265 | -€12 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €30,680 | -€13,466 | -€44,146 | |
| Income taxes | 67/77 | €6,694 | - | -€6,694 | |
| Profit (loss) for the period | 9904 | €23,985 | -€13,466 | -€37,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,985 | -€13,466 | -€37,451 |
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 28 October 2026 via checked.be.