LIEVENS Mathieu: 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 Mathieu
Largest movements
- Tangible fixed assets +€107,542
up €107,542 (+22.8%), from €471,053 to €578,595
of which Plant, machinery and equipment: +€117,308
- Stocks and contracts -€79,500
down €79,500 (-55.8%), from €142,500 to €63,000
- Receivables within one year +€72,357
up €72,357 (+20.8%), from €347,969 to €420,326
of which Trade receivables: +€39,807
- Cash -€40,447
down €40,447 (-27.3%), from €148,218 to €107,771
mainly Investment in fixed assets (net) (-€219,875) and Receivables within one year (-€72,357)
- Profit (loss) carried forward +€53,893
up €53,893 (+25.4%), from €211,858 to €265,751
- Other debts -€35,536
down €35,536 (-10.4%), from €340,290 to €304,754
- Current portion of long-term debt +€19,762
up €19,762 (+18.2%), from €108,429 to €128,191
- Purchases and services -€109,680
down €109,680 (-17.0%), from €643,952 to €534,272
- Taxes -€35,279
down €35,279 (-77.8%), from €45,338 to €10,059
- Turnover -€25,925
down €25,925 (-3.2%), from €810,517 to €784,591
- Gross operating margin +€16,890
up €16,890 (+9.2%), from €183,859 to €200,749
- Depreciation +€15,816
up €15,816 (+15.0%), from €105,108 to €120,924
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 | €1,221,590 | €1,268,194 | +€46,604 | +3.8% |
| Fixed assets | 21/28 | €577,053 | €676,003 | +€98,951 | +17.1% |
| Intangible fixed assets | 21 | €80,500 | €71,208 | -€9,292 | -11.5% |
| Tangible fixed assets | 22/27 | €471,053 | €578,595 | +€107,542 | +22.8% |
| Land and buildings | 22 | €111,571 | €105,727 | -€5,844 | -5.2% |
| Plant, machinery and equipment | 23 | €351,648 | €468,956 | +€117,308 | +33.4% |
| Furniture and vehicles | 24 | €7,834 | €3,912 | -€3,922 | -50.1% |
| Financial fixed assets | 28 | €25,500 | €26,200 | +€700 | +2.7% |
| Current assets | 29/58 | €644,537 | €592,191 | -€52,346 | -8.1% |
| Stocks and contracts in progress | 3 | €142,500 | €63,000 | -€79,500 | -55.8% |
| Stocks | 30/36 | €142,500 | €63,000 | -€79,500 | -55.8% |
| Amounts receivable within one year | 40/41 | €347,969 | €420,326 | +€72,357 | +20.8% |
| Trade receivables | 40 | €345,222 | €385,030 | +€39,807 | +11.5% |
| Other amounts receivable | 41 | €2,746 | €35,296 | +€32,550 | +1,185% |
| Cash at bank and in hand | 54/58 | €148,218 | €107,771 | -€40,447 | -27.3% |
| Deferred charges and accrued income | 490/1 | €5,850 | €1,093 | -€4,757 | -81.3% |
| Total equity and liabilities | 10/49 | €1,221,590 | €1,268,194 | +€46,604 | +3.8% |
| Equity | 10/15 | €231,858 | €285,751 | +€53,893 | +23.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,858 | €265,751 | +€53,893 | +25.4% |
| Amounts payable | 17/49 | €989,732 | €982,443 | -€7,289 | -0.7% |
| Amounts payable after more than one year | 17 | €492,786 | €494,595 | +€1,809 | +0.4% |
| Financial debts | 170/4 | €492,786 | €494,595 | +€1,809 | +0.4% |
| Amounts payable within one year | 42/48 | €496,226 | €487,848 | -€8,378 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €108,429 | €128,191 | +€19,762 | +18.2% |
| Trade debts | 44 | €47,053 | €54,904 | +€7,851 | +16.7% |
| Suppliers | 440/4 | €47,053 | €54,904 | +€7,851 | +16.7% |
| Taxes, remuneration and social security | 45 | €455 | - | -€455 | |
| Taxes | 450/3 | €455 | - | -€455 | |
| Other amounts payable | 47/48 | €340,290 | €304,754 | -€35,536 | -10.4% |
| Accrued charges and deferred income | 492/3 | €720 | - | -€720 | |
| Turnover | 70 | €810,517 | €784,591 | -€25,925 | -3.2% |
| Non-recurring operating income | 76A | €20,000 | - | -€20,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €643,952 | €534,272 | -€109,680 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,108 | €120,924 | +€15,816 | +15.0% |
| Other operating charges | 640/8 | €14,354 | €3,515 | -€10,840 | -75.5% |
| Gross operating margin | 9900 | €183,859 | €200,749 | +€16,890 | +9.2% |
| Operating profit (loss) | 9901 | €64,396 | €76,310 | +€11,914 | +18.5% |
| Financial income | 75/76B | €479 | €1,697 | +€1,218 | +255% |
| Recurring financial income | 75 | €479 | €1,697 | +€1,218 | +255% |
| Financial charges | 65/66B | €8,658 | €14,055 | +€5,397 | +62.3% |
| Recurring financial charges | 65 | €8,658 | €14,055 | +€5,397 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €56,217 | €63,952 | +€7,735 | +13.8% |
| Income taxes | 67/77 | €45,338 | €10,059 | -€35,279 | -77.8% |
| Profit (loss) for the period | 9904 | €10,878 | €53,893 | +€43,015 | +395% |
| Profit (loss) for the period to be appropriated | 9905 | €10,878 | €53,893 | +€43,015 | +395% |
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 18 October 2026 via checked.be.