Lievens Koen: what changed
Lievens Koen
Largest movements
- Cash +€5,449
up €5,449 (+9.3%), from €58,287 to €63,736
mainly Net result for the year (+€8,904) and Depreciation (+€2,101)
- Stocks and contracts +€3,415
up €3,415 (+195%), from €1,748 to €5,162
of which Contracts in progress: +€3,287
- Tangible fixed assets -€2,101
down €2,101 (-50.3%), from €4,179 to €2,078
of which Plant, machinery and equipment: -€1,188
- Receivables within one year +€1,019
up €1,019 (+89.9%), from €1,133 to €2,152
of which Other amounts receivable: +€1,094
- Reserves +€8,904
up €8,904 (+14.4%), from €62,023 to €70,927
of which Distributable reserves: +€8,904
- Trade debts -€1,371
down €1,371 (-61.0%), from €2,247 to €875
- Gross operating margin -€2,464
down €2,464 (-13.7%), from €17,930 to €15,466
- Taxes -€648
down €648 (-14.7%), from €4,417 to €3,769
- Other operating charges -€293
down €293 (-29.9%), from €981 to €688
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,489 | €74,071 | +€7,582 | +11.4% |
| Fixed assets | 21/28 | €4,179 | €2,078 | -€2,101 | -50.3% |
| Tangible fixed assets | 22/27 | €4,179 | €2,078 | -€2,101 | -50.3% |
| Plant, machinery and equipment | 23 | €1,188 | - | -€1,188 | |
| Furniture and vehicles | 24 | €2,991 | €2,078 | -€913 | -30.5% |
| Current assets | 29/58 | €62,310 | €71,993 | +€9,683 | +15.5% |
| Stocks and contracts in progress | 3 | €1,748 | €5,162 | +€3,415 | +195% |
| Stocks | 30/36 | €298 | €425 | +€127 | +42.8% |
| Contracts in progress | 37 | €1,450 | €4,737 | +€3,287 | +227% |
| Amounts receivable within one year | 40/41 | €1,133 | €2,152 | +€1,019 | +89.9% |
| Trade receivables | 40 | €75 | - | -€75 | |
| Other amounts receivable | 41 | €1,058 | €2,152 | +€1,094 | +103% |
| Cash at bank and in hand | 54/58 | €58,287 | €63,736 | +€5,449 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,142 | €942 | -€200 | -17.5% |
| Total equity and liabilities | 10/49 | €66,489 | €74,071 | +€7,582 | +11.4% |
| Equity | 10/15 | €62,023 | €70,927 | +€8,904 | +14.4% |
| Reserves | 13 | €62,023 | €70,927 | +€8,904 | +14.4% |
| Tax-exempt reserves | 132 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €44,523 | €53,427 | +€8,904 | +20.0% |
| Amounts payable | 17/49 | €4,466 | €3,143 | -€1,322 | -29.6% |
| Amounts payable within one year | 42/48 | €4,453 | €3,143 | -€1,309 | -29.4% |
| Trade debts | 44 | €2,247 | €875 | -€1,371 | -61.0% |
| Suppliers | 440/4 | €2,247 | €875 | -€1,371 | -61.0% |
| Taxes, remuneration and social security | 45 | €2,206 | €2,268 | +€62 | +2.8% |
| Taxes | 450/3 | €2,206 | €2,268 | +€62 | +2.8% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €2,101 | = | 0.0% |
| Other operating charges | 640/8 | €981 | €688 | -€293 | -29.9% |
| Gross operating margin | 9900 | €17,930 | €15,466 | -€2,464 | -13.7% |
| Operating profit (loss) | 9901 | €14,848 | €12,677 | -€2,171 | -14.6% |
| Financial income | 75/76B | €28 | €50 | +€22 | +79.4% |
| Recurring financial income | 75 | €28 | €50 | +€22 | +79.4% |
| Financial charges | 65/66B | €58 | €54 | -€4 | -6.8% |
| Recurring financial charges | 65 | €58 | €54 | -€4 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €14,818 | €12,673 | -€2,145 | -14.5% |
| Income taxes | 67/77 | €4,417 | €3,769 | -€648 | -14.7% |
| Profit (loss) for the period | 9904 | €10,400 | €8,904 | -€1,497 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,400 | €8,904 | -€1,497 | -14.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.