LIEVENS J.E.P.: 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.
What changed
LIEVENS J.E.P.
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€44,468
2024 · €84,360-€39,893
Equity
€2.9m
2024 · €3.0m-€120,371
Cash
€85,028
2024 · €156,506-€71,478
Balance sheet total
€3.6m
2024 · €3.6m+€74,320
Largest movements
Assets
- Receivables within one year +€112,730
up €112,730 (+10.1%), from €1.1m to €1.2m
of which Trade receivables: +€207,387
- Cash -€71,478
down €71,478 (-45.7%), from €156,506 to €85,028
mainly Contributions, distributions and other (-€164,839) and Investment in fixed assets (net) (-€126,098)
- Stocks and contracts +€41,047
up €41,047 (+21.8%), from €188,596 to €229,643
Equity and liabilities
- Current portion of long-term debt +€210,000
up €210,000 (+277%), from €75,700 to €285,700
- Reserves -€120,839
down €120,839 (-5.5%), from €2.2m to €2.1m
of which Distributable reserves: -€86,000
Income statement
- Turnover -€65,065
down €65,065 (-3.7%), from €1.8m to €1.7m
- Gross operating margin -€33,632
down €33,632 (-9.5%), from €352,978 to €319,346
- Purchases and services -€25,367
down €25,367 (-1.7%), from €1.5m to €1.5m
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.
Result 2024
€84,360
Gross operating margin
-€33,632
Staff costs
-€13,702
Depreciation
-€4,609
Other operating charges
-€2,760
Financial income
+€370
Financial charges
+€707
Taxes
+€13,733
Result 2025
€44,468
raises the resultlowers the result
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.
From operations
+€45,159
Investment
-€126,098
Financing
+€9,461
Cash 2024
€156,506
From operations (derived)
+€45,159
Net result for the year
+€44,468
Depreciation
+€140,750
Stocks and contracts
-€41,047
Receivables within one year
-€112,730
Deferred charges and accrued income
-€6,672
Provisions
-€13,036
Trade debts
+€5,172
Tax, wage and social debts
-€21,572
Other debts
+€32,431
Accrued charges and deferred income
+€17,395
Investment (derived)
-€126,098
Investment in fixed assets (net)
-€126,098
Financing
+€9,461
Debts after one year
-€35,700
Current portion of long-term debt
+€210,000
Contributions, distributions and other
-€164,839
Cash 2025
€85,028
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,551,034 | €3,625,354 | +€74,320 | +2.1% |
| Fixed assets | 21/28 | €2,068,209 | €2,053,556 | -€14,652 | -0.7% |
| Tangible fixed assets | 22/27 | €1,419,712 | €1,405,060 | -€14,652 | -1.0% |
| Land and buildings | 22 | €892,195 | €1,098,712 | +€206,518 | +23.1% |
| Plant, machinery and equipment | 23 | €527,518 | €257,181 | -€270,337 | -51.2% |
| Furniture and vehicles | 24 | €0 | €49,167 | +€49,167 | +245,834,150% |
| Financial fixed assets | 28 | €648,496 | €648,496 | = | 0.0% |
| Current assets | 29/58 | €1,482,825 | €1,571,797 | +€88,972 | +6.0% |
| Stocks and contracts in progress | 3 | €188,596 | €229,643 | +€41,047 | +21.8% |
| Stocks | 30/36 | €188,596 | €229,643 | +€41,047 | +21.8% |
| Amounts receivable within one year | 40/41 | €1,117,614 | €1,230,344 | +€112,730 | +10.1% |
| Trade receivables | 40 | €1,014,995 | €1,222,382 | +€207,387 | +20.4% |
| Other amounts receivable | 41 | €102,619 | €7,962 | -€94,657 | -92.2% |
| Cash at bank and in hand | 54/58 | €156,506 | €85,028 | -€71,478 | -45.7% |
| Deferred charges and accrued income | 490/1 | €20,110 | €26,782 | +€6,672 | +33.2% |
| Total equity and liabilities | 10/49 | €3,551,034 | €3,625,354 | +€74,320 | +2.1% |
| Equity | 10/15 | €2,981,370 | €2,860,999 | -€120,371 | -4.0% |
| Contributions | 10/11 | €755,295 | €755,295 | = | 0.0% |
| Reserves | 13 | €2,210,731 | €2,089,893 | -€120,839 | -5.5% |
| Non-distributable reserves | 130/1 | €86,894 | €86,894 | = | 0.0% |
| Reserves not available under the articles | 1311 | €86,894 | €86,894 | = | 0.0% |
| Tax-exempt reserves | 132 | €315,348 | €280,509 | -€34,839 | -11.0% |
| Distributable reserves | 133 | €1,808,489 | €1,722,489 | -€86,000 | -4.8% |
| Profit (loss) carried forward | 14 | €15,344 | €15,812 | +€468 | +3.0% |
| Provisions and deferred taxes | 16 | €95,462 | €82,426 | -€13,036 | -13.7% |
| Deferred taxes | 168 | €95,462 | €82,426 | -€13,036 | -13.7% |
| Amounts payable | 17/49 | €474,201 | €681,928 | +€207,727 | +43.8% |
| Amounts payable after more than one year | 17 | €230,700 | €195,000 | -€35,700 | -15.5% |
| Financial debts | 170/4 | €230,700 | €195,000 | -€35,700 | -15.5% |
| Amounts payable within one year | 42/48 | €242,766 | €468,797 | +€226,032 | +93.1% |
| Current portion of amounts payable after more than one year | 42 | €75,700 | €285,700 | +€210,000 | +277% |
| Trade debts | 44 | €119,931 | €125,102 | +€5,172 | +4.3% |
| Suppliers | 440/4 | €119,931 | €125,102 | +€5,172 | +4.3% |
| Taxes, remuneration and social security | 45 | €47,135 | €25,563 | -€21,572 | -45.8% |
| Taxes | 450/3 | €32,249 | €19,542 | -€12,708 | -39.4% |
| Remuneration and social security | 454/9 | €14,886 | €6,022 | -€8,864 | -59.5% |
| Other amounts payable | 47/48 | - | €32,431 | +€32,431 | |
| Accrued charges and deferred income | 492/3 | €736 | €18,131 | +€17,395 | +2,364% |
| Turnover | 70 | €1,777,593 | €1,712,527 | -€65,065 | -3.7% |
| Non-recurring operating income | 76A | €101,181 | €107,247 | +€6,066 | +6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,525,795 | €1,500,428 | -€25,367 | -1.7% |
| Remuneration, social security and pensions | 62 | €123,267 | €136,969 | +€13,702 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,141 | €140,750 | +€4,609 | +3.4% |
| Other operating charges | 640/8 | €15,296 | €18,056 | +€2,760 | +18.0% |
| Gross operating margin | 9900 | €352,978 | €319,346 | -€33,632 | -9.5% |
| Operating profit (loss) | 9901 | €78,274 | €23,571 | -€54,703 | -69.9% |
| Financial income | 75/76B | €2,609 | €2,979 | +€370 | +14.2% |
| Recurring financial income | 75 | €1,609 | €2,979 | +€1,370 | +85.1% |
| Non-recurring financial income | 76B | €1,000 | - | -€1,000 | |
| Financial charges | 65/66B | €13,100 | €12,393 | -€707 | -5.4% |
| Recurring financial charges | 65 | €13,100 | €12,393 | -€707 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €67,783 | €14,157 | -€53,626 | -79.1% |
| Transfer from deferred taxes | 780 | €47,875 | €47,875 | = | 0.0% |
| Income taxes | 67/77 | €31,297 | €17,564 | -€13,733 | -43.9% |
| Profit (loss) for the period | 9904 | €84,360 | €44,468 | -€39,893 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,360 | €44,468 | -€39,893 | -47.3% |
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 20 October 2026 via checked.be.