LIEVENS MARC: 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 MARC
Largest movements
- Tangible fixed assets +€22,361
up €22,361 (+85.0%), from €26,315 to €48,676
of which Other tangible fixed assets: +€17,576
- Cash +€17,148
up €17,148 (+67.0%), from €25,603 to €42,751
mainly Net result for the year (+€25,021) and Debts after one year (+€10,598)
- Receivables within one year +€5,150
up €5,150 (+65.4%), from €7,874 to €13,024
of which Trade receivables: +€2,982
- Reserves +€25,000
up €25,000 (+49.2%), from €50,860 to €75,860
of which Distributable reserves: +€25,000
- Debts after one year +€10,598
new in 2025: €10,598
- Tax, wage and social debts +€4,951
up €4,951 (+827%), from €599 to €5,550
- Current portion of long-term debt +€4,353
new in 2025: €4,353
- Gross operating margin +€25,291
up €25,291 (+75.3%), from €33,603 to €58,895
- Taxes +€6,472
up €6,472 (+100%), from €6,467 to €12,939
- Other operating charges +€4,788
up €4,788 (+53.5%), from €8,956 to €13,743
- Depreciation -€3,920
down €3,920 (-37.0%), from €10,595 to €6,676
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 | €60,503 | €105,162 | +€44,659 | +73.8% |
| Fixed assets | 21/28 | €26,315 | €48,676 | +€22,361 | +85.0% |
| Tangible fixed assets | 22/27 | €26,315 | €48,676 | +€22,361 | +85.0% |
| Plant, machinery and equipment | 23 | €604 | €399 | -€205 | -34.0% |
| Furniture and vehicles | 24 | €9,789 | €14,779 | +€4,990 | +51.0% |
| Other tangible fixed assets | 26 | €15,922 | €33,498 | +€17,576 | +110% |
| Current assets | 29/58 | €34,188 | €56,486 | +€22,298 | +65.2% |
| Stocks and contracts in progress | 3 | €711 | €711 | = | 0.0% |
| Stocks | 30/36 | €711 | €711 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,874 | €13,024 | +€5,150 | +65.4% |
| Trade receivables | 40 | €5,252 | €8,234 | +€2,982 | +56.8% |
| Other amounts receivable | 41 | €2,622 | €4,790 | +€2,168 | +82.7% |
| Cash at bank and in hand | 54/58 | €25,603 | €42,751 | +€17,148 | +67.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €60,503 | €105,162 | +€44,659 | +73.8% |
| Equity | 10/15 | €58,605 | €83,626 | +€25,021 | +42.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,860 | €75,860 | +€25,000 | +49.2% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €47,860 | €72,860 | +€25,000 | +52.2% |
| Profit (loss) carried forward | 14 | €1,545 | €1,566 | +€21 | +1.4% |
| Amounts payable | 17/49 | €1,899 | €21,536 | +€19,638 | +1,034% |
| Amounts payable after more than one year | 17 | - | €10,598 | +€10,598 | |
| Financial debts | 170/4 | - | €10,598 | +€10,598 | |
| Amounts payable within one year | 42/48 | €1,899 | €10,939 | +€9,040 | +476% |
| Current portion of amounts payable after more than one year | 42 | - | €4,353 | +€4,353 | |
| Trade debts | 44 | €1,300 | €1,036 | -€264 | -20.3% |
| Suppliers | 440/4 | €1,300 | €1,036 | -€264 | -20.3% |
| Taxes, remuneration and social security | 45 | €599 | €5,550 | +€4,951 | +827% |
| Taxes | 450/3 | €599 | €5,550 | +€4,951 | +827% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,595 | €6,676 | -€3,920 | -37.0% |
| Other operating charges | 640/8 | €8,956 | €13,743 | +€4,788 | +53.5% |
| Gross operating margin | 9900 | €33,603 | €58,895 | +€25,291 | +75.3% |
| Operating profit (loss) | 9901 | €14,052 | €38,476 | +€24,424 | +174% |
| Financial income | 75/76B | €1 | €0 | -€1 | -58.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -58.7% |
| Financial charges | 65/66B | €312 | €516 | +€204 | +65.5% |
| Recurring financial charges | 65 | €312 | €516 | +€204 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €13,742 | €37,960 | +€24,219 | +176% |
| Income taxes | 67/77 | €6,467 | €12,939 | +€6,472 | +100% |
| Profit (loss) for the period | 9904 | €7,275 | €25,021 | +€17,746 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €7,275 | €25,021 | +€17,746 | +244% |
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 23 October 2026 via checked.be.