Lievens Group: 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 Group
Largest movements
- Tangible fixed assets -€23,894
down €23,894 (-52.6%), from €45,383 to €21,489
- Cash +€6,393
new in 2025: €6,393
mainly Net result for the year (+€54,813) and Investment in fixed assets (net) (+€15,002)
- Receivables within one year +€3,715
up €3,715 (+14.3%), from €26,029 to €29,744
of which Trade receivables: +€6,416
- Deferred charges and accrued income -€2,957
down €2,957 (-49.6%), from €5,962 to €3,005
- Intangible fixed assets -€2,020
down €2,020 (-53.3%), from €3,789 to €1,769
- Profit (loss) carried forward +€54,813
up €54,813 (+79.6%), from -€68,856 to -€14,043
- Debts after one year -€26,103
down €26,103 (-70.5%), from €37,028 to €10,924
- Other debts -€24,466
down €24,466 (-49.2%), from €49,678 to €25,212
- Tax, wage and social debts -€16,410
down €16,410 (-72.2%), from €22,730 to €6,319
of which Remuneration and social security: -€14,163
- Short-term financial debts -€3,530
no longer reported in 2025 (was €3,530)
- Staff costs -€58,725
down €58,725 (-98.7%), from €59,474 to €750
- Gross operating margin +€47,704
up €47,704 (+183%), from €26,046 to €73,750
- Depreciation -€6,589
down €6,589 (-37.6%), from €17,501 to €10,912
- Financial charges -€3,407
down €3,407 (-48.3%), from €7,056 to €3,649
- Taxes +€1,452
up €1,452 (+677%), from €215 to €1,666
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 | €85,406 | €65,636 | -€19,770 | -23.1% |
| Fixed assets | 21/28 | €49,173 | €23,259 | -€25,914 | -52.7% |
| Intangible fixed assets | 21 | €3,789 | €1,769 | -€2,020 | -53.3% |
| Tangible fixed assets | 22/27 | €45,383 | €21,489 | -€23,894 | -52.6% |
| Furniture and vehicles | 24 | €45,383 | €21,489 | -€23,894 | -52.6% |
| Current assets | 29/58 | €36,233 | €42,377 | +€6,144 | +17.0% |
| Stocks and contracts in progress | 3 | €4,243 | €3,235 | -€1,008 | -23.8% |
| Stocks | 30/36 | €4,243 | €3,235 | -€1,008 | -23.8% |
| Amounts receivable within one year | 40/41 | €26,029 | €29,744 | +€3,715 | +14.3% |
| Trade receivables | 40 | €22,744 | €29,159 | +€6,416 | +28.2% |
| Other amounts receivable | 41 | €3,285 | €585 | -€2,700 | -82.2% |
| Cash at bank and in hand | 54/58 | - | €6,393 | +€6,393 | |
| Deferred charges and accrued income | 490/1 | €5,962 | €3,005 | -€2,957 | -49.6% |
| Total equity and liabilities | 10/49 | €85,406 | €65,636 | -€19,770 | -23.1% |
| Equity | 10/15 | -€66,856 | -€12,043 | +€54,813 | +82.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,856 | -€14,043 | +€54,813 | +79.6% |
| Amounts payable | 17/49 | €152,262 | €77,679 | -€74,583 | -49.0% |
| Amounts payable after more than one year | 17 | €37,028 | €10,924 | -€26,103 | -70.5% |
| Financial debts | 170/4 | €37,028 | €10,924 | -€26,103 | -70.5% |
| Amounts payable within one year | 42/48 | €115,046 | €66,755 | -€48,291 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €28,829 | €26,103 | -€2,725 | -9.5% |
| Financial debts | 43 | €3,530 | - | -€3,530 | |
| Credit institutions | 430/8 | €3,530 | - | -€3,530 | |
| Trade debts | 44 | €10,278 | €9,072 | -€1,207 | -11.7% |
| Suppliers | 440/4 | €10,278 | €9,072 | -€1,207 | -11.7% |
| Advances received on contracts in progress | 46 | - | €49 | +€49 | |
| Taxes, remuneration and social security | 45 | €22,730 | €6,319 | -€16,410 | -72.2% |
| Taxes | 450/3 | €5,477 | €3,230 | -€2,247 | -41.0% |
| Remuneration and social security | 454/9 | €17,253 | €3,090 | -€14,163 | -82.1% |
| Other amounts payable | 47/48 | €49,678 | €25,212 | -€24,466 | -49.2% |
| Accrued charges and deferred income | 492/3 | €189 | - | -€189 | |
| Remuneration, social security and pensions | 62 | €59,474 | €750 | -€58,725 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,501 | €10,912 | -€6,589 | -37.6% |
| Other operating charges | 640/8 | €1,595 | €713 | -€882 | -55.3% |
| Non-recurring operating charges | 66A | €9,061 | €1,252 | -€7,809 | -86.2% |
| Gross operating margin | 9900 | €26,046 | €73,750 | +€47,704 | +183% |
| Operating profit (loss) | 9901 | -€61,586 | €60,123 | +€121,709 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €7,056 | €3,649 | -€3,407 | -48.3% |
| Recurring financial charges | 65 | €7,056 | €3,649 | -€3,407 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | -€68,642 | €56,479 | +€125,121 | |
| Income taxes | 67/77 | €215 | €1,666 | +€1,452 | +677% |
| Profit (loss) for the period | 9904 | -€68,856 | €54,813 | +€123,669 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,856 | €54,813 | +€123,669 |
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 24 October 2026 via checked.be.