LIEVENS PACKAGING: 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 PACKAGING
Largest movements
- Stocks and contracts -€29,406
down €29,406 (-11.1%), from €265,017 to €235,611
- Receivables within one year +€11,335
up €11,335 (+8.5%), from €133,562 to €144,897
of which Trade receivables: +€17,172
- Tangible fixed assets +€10,623
up €10,623 (+7.4%), from €143,622 to €154,245
of which Plant, machinery and equipment: +€14,073
- Other debts -€38,604
down €38,604 (-18.7%), from €205,887 to €167,283
- Trade debts +€19,251
up €19,251 (+21.1%), from €91,381 to €110,632
- Gross operating margin -€27,385
down €27,385 (-17.0%), from €160,995 to €133,610
- Depreciation +€10,082
up €10,082 (+66.7%), from €15,115 to €25,197
- Taxes -€9,162
down €9,162 (-27.7%), from €33,051 to €23,889
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 | €900,392 | €884,176 | -€16,216 | -1.8% |
| Fixed assets | 21/28 | €143,622 | €154,245 | +€10,623 | +7.4% |
| Tangible fixed assets | 22/27 | €143,622 | €154,245 | +€10,623 | +7.4% |
| Land and buildings | 22 | €63,527 | €63,179 | -€348 | -0.5% |
| Plant, machinery and equipment | 23 | €25,513 | €39,586 | +€14,073 | +55.2% |
| Furniture and vehicles | 24 | €54,581 | €51,480 | -€3,101 | -5.7% |
| Current assets | 29/58 | €756,770 | €729,930 | -€26,840 | -3.5% |
| Stocks and contracts in progress | 3 | €265,017 | €235,611 | -€29,406 | -11.1% |
| Stocks | 30/36 | €265,017 | €235,611 | -€29,406 | -11.1% |
| Amounts receivable within one year | 40/41 | €133,562 | €144,897 | +€11,335 | +8.5% |
| Trade receivables | 40 | €121,613 | €138,785 | +€17,172 | +14.1% |
| Other amounts receivable | 41 | €11,949 | €6,111 | -€5,838 | -48.9% |
| Cash at bank and in hand | 54/58 | €355,369 | €347,126 | -€8,242 | -2.3% |
| Deferred charges and accrued income | 490/1 | €2,822 | €2,296 | -€526 | -18.6% |
| Total equity and liabilities | 10/49 | €900,392 | €884,176 | -€16,216 | -1.8% |
| Equity | 10/15 | €587,921 | €587,921 | = | 0.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €88,763 | €88,763 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Distributable reserves | 133 | €78,847 | €78,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable | 17/49 | €312,471 | €296,255 | -€16,216 | -5.2% |
| Amounts payable within one year | 42/48 | €312,471 | €296,255 | -€16,216 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €15,115 | €15,083 | -€33 | -0.2% |
| Trade debts | 44 | €91,381 | €110,632 | +€19,251 | +21.1% |
| Suppliers | 440/4 | €91,381 | €110,632 | +€19,251 | +21.1% |
| Taxes, remuneration and social security | 45 | €88 | €3,257 | +€3,169 | +3,591% |
| Taxes | 450/3 | €88 | €3,257 | +€3,169 | +3,591% |
| Other amounts payable | 47/48 | €205,887 | €167,283 | -€38,604 | -18.7% |
| Remuneration, social security and pensions | 62 | €807 | €1,953 | +€1,146 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,115 | €25,197 | +€10,082 | +66.7% |
| Other operating charges | 640/8 | €13,268 | €13,327 | +€59 | +0.4% |
| Gross operating margin | 9900 | €160,995 | €133,610 | -€27,385 | -17.0% |
| Operating profit (loss) | 9901 | €131,805 | €93,133 | -€38,672 | -29.3% |
| Financial income | 75/76B | €2,165 | €3,496 | +€1,331 | +61.5% |
| Recurring financial income | 75 | €2,165 | €3,496 | +€1,331 | +61.5% |
| Financial charges | 65/66B | €3,148 | €2,695 | -€453 | -14.4% |
| Recurring financial charges | 65 | €3,148 | €2,695 | -€453 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €130,822 | €93,934 | -€36,887 | -28.2% |
| Income taxes | 67/77 | €33,051 | €23,889 | -€9,162 | -27.7% |
| Profit (loss) for the period | 9904 | €97,771 | €70,046 | -€27,725 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,771 | €70,046 | -€27,725 | -28.4% |
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 14 October 2026 via checked.be.